Tesla jumps on Musk’s $20bn AI chip push Tech Tesla shares climbed around 3.5 per cent on Monday after Elon Musk unveiled plans for Terafab, a huge semiconductor manufacturing project aimed at securing chip supply for the company’s next phase of growth. The stock rose to about $381 as investors responded positively to the announcement, as the firm looks beyond electric vehicles into AI [...]
Cabbies face robotaxi squeeze as Addison Lee boss warns of ‘predatory pricing’ Transport & Infrastructure London’s cabbies could be priced out of the market unless regulators step in to curb “predatory pricing” from deep-pocketed tech giants, the boss of Addison Lee has warned. Chief executive Liam Griffin said companies like Waymo, Wayve or Tesla risk undercutting traditional operators by subsidising fares to win market share, echoing concerns from the early [...]
Here comes Elon: Tesla wins licence to supply electricity in Britain Energy Tesla has been granted approval to supply electricity to homes and businesses across the UK, opening the door for the electric vehicle giant to enter the country’s retail energy market. Energy regulator Ofgem confirmed on Thursday that Tesla Energy Ventures Limited, a subsidiary of Musk’s company, has been granted an electricity supply licence by the [...]
There’s a new Magnificent 7, and it’s called the Fusty 5 February 24, 2026 The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
Carmakers swallow $65bn EV hit as UK bucks slowdown February 15, 2026 A $65bn (£51bn) rethink of electric vehicle strategies by global carmakers is colliding with a very different picture in the UK, where EV uptake continues to climb despite new taxes and policy scrutiny. Manufacturers across the US, Europe and Japan have booked tens of billions in writedowns over the past year as demand undershot expectations [...]
Musk’s mega merger raises stakes for SpaceX IPO February 4, 2026 Musk’s decision to absorb xAI into SpaceX may strengthen its growth narrative ahead of a mooted IPO. Or, it could add a trifecta of complexity, regulatory exposure and executive risk at a particularly sensitive moment. The all-stock deal values the combined group at around $1.25 trillion (£910bn), making it the world’s most valuable private company [...]
Waymo raises $16bn ahead of London launch February 3, 2026 Alphabet-owned Waymo has raised $16bn (£12.6bn), valuing the self driving vehicle company at $126bn, as its London launch edges closer. The investment round, led by Dragoneer, DST Global and Sequoia, comes as the firm steps up preparations for its UK debut, with its cars already spotted testing on the streets of the capital. London is [...]
UK rental giants swap petrol for EVs as sales reach record highs February 2, 2026 Electric and hybrid cars are quickly becoming the default choice for British drivers, bolstered by soaring EV sales and rental firms swapping out petrol and diesel models for low-emission vehicles. Strong growth in electric vehicle sales globally and domestically is feeding straight into hire fleets. Chinese electric vehicle giant BYD, for instance, reported overseas deliveries [...]
US tech stocks slide as Microsoft rout sharpens AI spending doubts January 30, 2026 US technology stocks sold off sharply on Thursday, as a bruising slump in Microsoft sparked investor unease over how long it will take for mass AI investments to pay off. The tech-heavy Nasdaq Composite closed down 0.72 per cent at 23,685, weighed down by heavy losses across software giants. The S&P 500 slipped 0.13 per [...]
Meta surges, Microsoft stumbles as Big Tech doubles down on AI spend January 29, 2026 Three members of the ‘Magnificent Seven’ Big Tech stocks – Meta, Microsoft and Tesla – gave investors an early read on the health of the AI boom after US markets closed on Wednesday. Meta shares jumped as much as nine per cent in after-hours trading after the Facebook owner posted record revenues and issued an [...]