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US-China trade war affects Elon Musk’s robots
Tesla CEO Elon Musk has said China's rare earth element (REE) restrictions on the US as part of the Washington-Beijing trade war are affecting his company's robot production. Tesla’s net profits in the first quarter dropped 71%, according to CNBC, with Musk saying trade wars have hampered the company's ability to produce Optimus humanoid robots.
Watch out, Elon Musk. Chinese robots are coming
As a result, humanoid robots are at last beginning to leave the lab and enter the workplace. On April 22nd Elon Musk reasserted during an earnings call that he expects “thousands” of Tesla’s Optimus robots to be working in its electric-car factories by the end of the year.
Musk never received the briefing after the Pentagon’s acting general counsel intervened. The internal confusion highlights ...
BYD's net profit rose 100% to $1.3 billion for the first quarter, while Tesla's slumped more than 70% in the same period.
Transportation Secretary Sean Duffy said the U.S. is in a race against China and U.S. automakers need less red tape.
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Here’s What Elon Musk Actually Accomplished Before His Sudden “Exit”In the first 100 days of Donald Trump’s presidency, Elon Musk lost nearly twice as much money as he cut in government spending as the head of the Department of Government Efficiency. Following a ...
Tesla stock (TSLA) has been under pressure for months, weighed down by concerns over the electric vehicle maker's ...
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