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Uber appears to be powering through the tumult of the global economy, despite fears that consumers are skimping on rides and deliveries. The company said on Wednesday that it had $11.5 billion in revenue in its most recent quarter, up 14 percent from a year ago and slightly below Wall Street investors’ expectations. Its total…
After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to…
Elon Musk, the chief executive of Tesla, tried for years to convince Chinese regulators to let him offer self-driving capabilities in one of the company’s most important markets. After a series of false starts, Mr. Musk is now closer than ever. Tesla said on Tuesday that some drivers in China will be able to use…
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appear to be diverting his attention from Tesla at a perilous moment for the electric car company. Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed…
In 2020, Uber was at a crossroads: The company had made an expensive bet on robot taxis, but the project was laden with legal problems and burning through cash. So Uber gave it away to another start-up. But five years later, Uber’s future seems as tied to autonomous vehicles as ever. The company is now…
