Armenia awaits results as counting continues in high-stakes elections
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million peop...
Tesla CEO Elon Musk unveiled a futuristic robotaxi with gull-wing doors and no steering wheel or pedals, aiming for a 2026 production at under $30,000.
Tesla CEO Elon Musk unveiled a highly anticipated robotaxi, featuring two gull-wing doors and no steering wheel or pedals, during a flashy event on Thursday.
The robotaxi, dubbed "Cybercab," is expected to go into mass production by 2026 and be priced under $30,000. However, Musk did not provide specifics on how quickly production could scale or how Tesla plans to navigate regulatory challenges.
Analysts pointed out that establishing robotaxis, ensuring their safety, and dealing with complex driving conditions like bad weather and pedestrian behavior could take years.
Musk stated that autonomous vehicles could be significantly safer than human drivers, potentially lasting five to ten times longer. He remarked, "The autonomous future is here" and emphasized how autonomy allows people to reclaim their time.
Although Musk previously mentioned launching a self-driving Tesla taxi service through an app, he did not touch on that topic during the presentation. The event, titled "We, Robot," seemed to nod to Isaac Asimov’s "I, Robot" stories and reflected Musk’s belief that Tesla should be seen as an AI robotics company rather than just an automaker.
Musk explained that running the Cybercab would cost around 20 cents per mile, while the robovan would be even cheaper at 5 cents per mile. Charging would be wireless, eliminating the need for plugs. Tesla’s vehicles will rely on AI and cameras instead of hardware like lidar, which rivals use—a decision that experts say poses technical and regulatory challenges.
He also highlighted progress on Tesla’s humanoid robot, Optimus, which could eventually sell for $20,000 to $30,000 and perform everyday tasks.
The presentation, which was delayed due to a medical emergency, lasted less than 30 minutes and drew an audience of about four million on Musk’s X social platform. Some investors were left disappointed by the lack of concrete timelines, with one trader expressing dissatisfaction.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
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