Tesla, under CEO Elon Musk, faces financial reality as majority of revenue comes from EV sales. Revenue in 2025 reached $94.8 billion, with $69.5 billion from EVs. Musk plans to double spending to $20 billion, leading to negative cash flow. Tesla will end Model S and X production to focus on robotaxis and humanoid robots.

Waabi, an autonomous vehicle startup, raised $750 million in a Series C round and received $250 million from Uber to deploy 25,000 robotaxis. The deal signifies a shift towards scaling autonomous tech across different verticals. Waymo is seeking funds with a $15 billion round, with high interest from external investors.

Gatik AI signed a deal with a major consumer-goods company to operate fully driverless trucks, generating $600 million in revenue over five years. Luminar’s lidar business was sold for $33 million to MicroVision. Redwood Materials raised $425 million in a Series E round, attracting Google as a new investor.

Uber launched Uber AV Labs for data sharing with partners like Waymo, Lucid, and Waabi. Waymo is allowed to operate robotaxis to and from San Francisco International Airport, despite being under investigation for a child-involved incident. The San Francisco Police Department is investigating an incident involving a Zoox autonomous vehicle.

Read more at Yahoo Finance: TechCrunch Mobility: The great Tesla rebranding