Tesla has scaled its California "Robotaxi" program at a lightning-fast pace. To date, the automaker has registered 1,655 vehicles for its ride-hailing service in the state, a spokesperson from the California Public Utilities Commission told Business Insider. The company has registered 798 drivers, the spokesperson said.That's up from 28 cars and 128 drivers in August, when the service launched, according to the CPUC. The vehicle number reflects car that have been approved for use, not the actual operation ...

Tesla is going all in on its "Robotaxi" service — and putting factory workers and sales staff in drivers' seats to make it happen. The electric-car maker has started recruiting workers off factory lines to operate its ride-hailing fleet. Tesla is offering production associates and material handlers extra hours and pay to take on the role of AI operator, according to posters that appeared at its California factories earlier this month.The AI operators sit in the driver's seat, actively monitoring the vehicl ...

The holidays are upon us, and retailers love to celebrate this time of year with low prices on beloved items. Whether you're shopping for yourself or for a loved one, you could be saving big on the best products across tech, beauty, personal care, kitchen, and home. Keep scrolling to find my roundup of the best Amazon deals available now in the new Super Saturday sale.Shockingly, many of these prices are as good as, if not better than, what we saw during Black Friday. From $50 off the new AirPods Pro 3 to a ...

Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company.The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy. Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achie ...

Is TikTok really selling its US business? Kind of. TikTok has reached an agreement that would give it a new set of owners in the US as part of a joint-venture agreement. Larry Ellison's Oracle, Abu Dhabi investment firm MGX, and private-equity firm Silver Lake are all coming on as managing investors in the US spin-off.But how much influence will these investors have over the money-making side of the business? Not much, according to an internal memo TikTok CEO Shou Chew sent to employees on Thursday, viewed ...

Who's grabbing control of TikTok's US assets?On Thursday, TikTok told staffers it had TikTok told staffers it had signed a deal to form a joint venture for its US business with a group of investors, according to an internal memo sent by CEO Shou Chew, which was viewed by Business Insider. The company expects the deal to close in January late, per the memo. Three managing investors will each hold a 15% stake in the new venture: Oracle, private equity firm Silver Lake, and Abu Dhabi-based investment firm M ...

Target's app and website have been affected by an outage that is disrupting the company's ability to fulfill online orders. The website Downdetector showed a rising number of reports over the past three hours, and a post on the company's X profile at 10:16 a.m. ET advised customers to try their transactions again after one to two hours.The timing comes in the final week of the holiday shopping rush. This story is developing. Please check back for updates. ...

Nike's grip on China's sneaker market is slipping. Once a status symbol among Chinese consumers, analysts say it's increasingly losing cultural relevance even as its products remain innovative.The sportswear giant's stock tumbled by 9% in early trading on Friday after reporting its Q2 fiscal results on Thursday. While sales in North America rose 9% to $5.63 billion during the quarter, sales in Greater China were down 17% to $1.42 billion — falling short of Wall Street's expectations.Nike CEO Elliott Hill ...

A historic labor shock may be about to hit the job market. That's according to London Business School professor Ekaterina Abramova.She said AI is advancing so quickly that it could trigger mass layoffs long before new jobs emerge to replace them — a mismatch that has historically fueled social unrest. Abramova, who studies technology-driven economic transitions, said the past three years of AI advances mark a sharp break from earlier waves of mechanization.In past eras — from 18th-century textile automati ...

It might seem like ages ago that One Big Beautiful Bill Act was signed into law by President Donald Trump on July 4, but most of the bill will kick into effect starting in January, and there are considerable implications for markets. The tax and spending legislation should give a boost to what Manish Kabra, the chief US equity strategist at Société Générale, calls the "other half" of the S&P 500 index, or more traditionally cyclical sectors outside the tech and AI space.Ahead of the new year, Kabra compil ...