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Teaming up with the SPAC controlled by former investment banker Michael Klein will put a valuation of $1.2 billion on Plus. The combined entity will be known as PlusAI.

Tesla executives including Elon Musk promoted a video of one of its vehicles driving in Austin with nobody behind the wheel, hinting that it’s close to launching its robotaxi service there.

Tesla is poised to begin its long-awaited robotaxi service in Austin, Texas, on June 12, according to a person familiar with the matter.

Washtenaw County officials are opposed to proposed express lanes on about 39 miles of Interstate 94 between Ann Arbor and Detroit that one day could be dedicated to self-driving vehicles.

Elon Musk said that he expects hundreds of thousands of self-driving Teslas will be on the road requiring no human intervention by the end of next year.

The rare structure — bonds that turn into equity in another company if the underlying stock exceeds a set price after a period — offered investors a compelling combination of attributes.

Pony AI’s report on its first full quarter as a publicly traded company will have investors homing in on how a new generation of robotaxis could put the firm on a path to profitability.

Aurora Innovation is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service.

Federal safety regulators have asked Elon Musk and Tesla to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national rollout.