Tesla’s latest earnings reveal a major pivot: delayed production for the Cybercab, Semi, and Megapack 3, despite hype around robotaxi expansion. Paid robotaxi miles are down quarter-over-quarter, and Elon Musk admits they need more targeted data—now gathering it via test Cybercabs with steering wheels—contradicting earlier claims that their 10 million customer cars were enough. Financially, Tesla’s capital spending doubled, pushing them into negative free cash flow despite revenue growth, and net income fell 5% year-over-year. Meanwhile, Uber co-founder Travis Kalanick is back with Atoms, raising $1.7B including $100M from Uber, to build industrial AI robots for mining and transport—with Levandowski’s Pronto playing a key role. Other big moves: Einride buys Flipturn for $38M, IBM acquires HRL Labs, and Sila secures $300M to scale battery materials.
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