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BYD Overtakes Tesla in European EV Market as Sales Soar 169%

Key Points BYD surpassed Tesla in European BEV registrations in April, with 7,231 vs. Tesla's 7,165. Tesla’s BEV sales dropped 49%, while BYD’s rose 169% year-over-year. Tesla saw steep registration declines in key EU markets, including France, UK, and Germany. BYD plans to build a factory in Hungary and launch its Dolphin Surf EV in Europe for $26,000. BEVs and PHEVs comprise 26% of all new European car registrations — a new market record. China’s electric vehicle giant BYD has...

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Jony Ive Teams Up with OpenAI to Design Next-Gen AI Hardware, Challenging Apple’s Dominance

Key Points Jony Ive has merged his hardware startup io with OpenAI in a $6.4B deal. Ive will lead design efforts for AI-powered hardware products at OpenAI. The partnership suggests AI assistants may replace smartphones and laptops. Apple’s Siri and AI initiatives have lagged behind OpenAI and Google’s offerings. Meta and Google are gaining momentum in AI wearables, pressuring Apple to adapt. Jony Ive, the...

Tesla to Begin Robotaxi Test in Austin by the End of June, Says Elon Musk

Key Points: Tesla will begin testing robotaxis in Austin by the end of June, starting with 10 vehicles. Regulatory concerns persist, with the NHTSA probing Tesla’s FSD system. Musk has redirected Tesla’s focus to robotaxis and the Optimus robot, away from low-cost EVs. xAI will use a million Nvidia chips at a new Memphis data center named "Colossus." Tesla may license its FSD software to...

Elon Musk and OpenAI Agree to Expedited Trial Over For-Profit Shift

Key Points Elon Musk and OpenAI agreed to an expedited trial over OpenAI’s shift to a for-profit model. Musk sued OpenAI, accusing it of abandoning its mission to develop AI for humanity. OpenAI argues the for-profit transition is necessary to secure more funding and compete. The company is reportedly negotiating a new $40 billion investment from SoftBank. CEO Sam Altman rejected Musk’s $97.4 billion takeover...

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