Tesla profit tanked 46% in 2025
The company’s sales fell for a second year in a row despite CEO Elon Musk spending years promising 50% annual growth.
Transportation
Luminar sale approved despite last-minute mystery bid
An unidentified bidder submitted a Hail Mary offer that was “substantially higher” than the winning bid at auction. Founder Austin Russell has been circling a bid, but it’s not clear he was behind it.
San Francisco Police Department investigating Zoox collision with a parked car
The investigation is looking into a January 17 crash where a Zoox robotaxi hit the driver’s side door of a parked car, which Zoox said was “suddenly opened.”
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Redwood attracts Google for its $425M Series E as AI power needs rise
Google is the latest investor to back Redwood Materials as the battery recycling startup scales a new energy storage venture to power AI data centers and other industrial sites.
Waabi raises $1B and expands into robotaxis with Uber
Waabi has secured a $750 million Series C round to accelerate autonomous trucking, and another roughly $250 million commitment from Uber to deploy 25,000 robotaxis exclusively on its platform.
The price gap between Waymo and Uber is narrowing
Data collected and analyzed by Obi suggest a shift is underway.
Luminar receives a larger $33 million bid for its lidar business
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.’s bid by $5 million.
Uber launches an ‘AV Labs’ division to gather driving data for robotaxi partners
Uber is not developing its own robotaxis again; instead it plans to collect and offer data. It’s a bet that more volume will help autonomous vehicle partners solve the weirdest edge cases.