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<!DOCTYPE html> <html lang="en" class=" story nytapp-vi-article " xmlns:og="http://opengraphprotocol.org/schema/"> <head> <meta charset="utf-8" /> <title data-rh="true">Tesla Stock Falls After Elon Musk Shows Off ‘Cybercab’ - The New York Times</title> <meta data-rh="true" name="robots" content="noarchive, max-image-preview:large"/><meta data-rh="true" name="description" content="“You could fall asleep and wake up at your destination,” said Mr. Musk, Tesla’s C.E.O., but some experts are skeptical that such cars will be ferrying passengers soon."/><meta data-rh="true" property="twitter:url" content="https://www.nytimes.com/2024/10/10/business/tesla-robotaxi-elon-musk.html"/><meta data-rh="true" property="twitter:title" content="Elon Musk Shows Off Tesla ‘Robotaxi’ That Drives Itself"/><meta data-rh="true" property="twitter:description" content="“You could fall asleep and wake up at your destination,” said Mr. Musk, Tesla’s C.E.O., but some experts are skeptical that such cars will be 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e1drnplw2"><div aria-labelledby="modal-title" role="region"><header class="css-1bzlfz"><div class="css-mln36k" id="modal-title">transcript</div><button type="button" class="css-1igvuto"><div class="css-f40pzg"></div><span>Back</span></button><div class="css-f6lhej" data-testid="transcript-playback-controls"><div class="css-1ialerq"><button tabindex="99" type="button" class="css-1eut9gw" aria-label="play"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20" fill="none"><path fill-rule="evenodd" clip-rule="evenodd" d="M8 13.7683V6L14.5 9.88415L8 13.7683Z" fill="var(--color-content-secondary,#363636)"></path><circle cx="10" cy="10" r="9.25" stroke="var(--color-stroke-primary,#121212)" stroke-width="1.5"></circle></svg></button><div class="css-1701swk"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 40 36" id="el_0kpS9qL_S"><title>bars</title><g id="el_oZ84Hna1GC_65hRV2Qwn" class="css-1fxvzwo" data-animator-group="true" data-animator-type="0"><g id="el_oZ84Hna1GC_ILVvi2tqx" class="css-1wnday1" ata-animator-group="true" data-animator-type="2"><g id="el_oZ84Hna1GC"><rect x="34" width="6" height="36" id="el_qw_T_tngXw"></rect></g></g></g><g id="el_mYVjkduhMU_p_9Pm85Ac" class="css-fwki7z" data-animator-group="true" data-animator-type="0"><g id="el_mYVjkduhMU_WxG3R40yd" class="css-t3i5e6" data-animator-group="true" data-animator-type="2"><g id="el_mYVjkduhMU"><rect x="22.67" width="6" height="36" id="el_lf9GrROk6j"></rect></g></g></g><g id="el_o-EuxhgoAw_kYNRGDfcw" class="css-t9te0w" data-animator-group="true" data-animator-type="0"><g id="el_o-EuxhgoAw_3c3bzSjOJ" class="css-1r5375t" ata-animator-group="true" data-animator-type="2"><g id="el_o-EuxhgoAw"><rect x="11.33" width="6" height="36" id="el_-iueO8klO0"></rect></g></g></g><g id="el_F7mSMPhqpC_y_fKcpSxn" class="css-qknaag" data-animator-group="true" data-animator-type="0"><g id="el_F7mSMPhqpC_R6bNB6_Ys" class="css-1ruvd04" ata-animator-group="true" data-animator-type="2"><g id="el_F7mSMPhqpC"><rect width="6" height="36" id="el_dS5TKNZZ5w"></rect></g></g></g></svg></div><div><div class="css-1t7yl1y">0:00<!-- -->/<!-- -->1:06</div><div class="css-og85jy">-<!-- -->0:00</div></div></div></div></header><div class="css-uzyn7p"><div class="css-1vxywau"><p class="css-1nng8z9">transcript</p><h2 class="css-8p0vwh">Elon Musk Unveils Tesla ‘Robotaxi’</h2><h4 class="css-qsd3hm">The company’s chief executive said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.</h4></div><dl class="css-p98d0w"><dt class="css-safvus"></dt><dd class="css-4gvq6l"><p class="css-8hvvyd">As you can see, I just arrived in the “Robotaxi,” the “cybercab.” It’s really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. You could fall asleep and wake up at your destination. This can carry up to 20 people. And it can also transport goods.</p></dd></dl></div></div></div></div><div style="height:0"><div class="css-vxcmzt"><div class="css-79elbk"><button type="button" aria-label="More sharing options ..." aria-expanded="false" class="css-125598s"></button></div></div></div><script type="application/ld+json">{"@context":"https://schema.org","@type":"VideoObject","@id":"https://www.nytimes.com/video/business/100000009756329/tesla-robotaxi-driverless-elon-musk.html","description":"The company’s chief executive said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.","url":"https://www.nytimes.com/video/business/100000009756329/tesla-robotaxi-driverless-elon-musk.html","name":"Elon Musk Unveils Tesla ‘Robotaxi’","thumbnailUrl":["https://static01.nyt.com/images/2024/11/10/multimedia/01-kvqw/01-kvqw-videoSixteenByNine1050.jpg","https://static01.nyt.com/images/2024/11/10/multimedia/01-kvqw/01-kvqw-superJumbo.jpg","https://static01.nyt.com/images/2024/11/10/multimedia/01-kvqw/01-kvqw-square640.jpg"],"embedUrl":"https://www.nytimes.com/video/players/offsite/index.html?videoId=100000009756329","contentUrl":"https://vp.nyt.com/video/2024/10/11/127735_1_10vid-tesla-taxi_wg_480p.mp4","uploadDate":"2024-10-11T08:16:13.000Z","transcript":"As you can see, I just arrived in the \"Robotaxi,\" the \"cybercab.\" It’s really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. You could fall asleep and wake up at your destination. This can carry up to 20 people. And it can also transport goods.","duration":"PT1M6S"}</script></div><div class="css-1cueeje" style="padding-bottom:66.66666666666666%;transition:opacity 300ms ease-in-out"><div class="css-1ihorw"><img src="https://static01.nyt.com/images/2024/11/10/multimedia/01-kvqw/01-kvqw-threeByTwoLargeAt2X.jpg" alt="Video player loading"/></div><div class="css-ew1078"><div class="css-ptry2i"><div></div><div></div></div></div></div></div></div></div><figcaption class="css-ktho12 e3rygrp0"><span class="css-jevhma e13ogyst0" data-testid="video-summary">The company’s chief executive said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.</span><span class="css-cch8ym"><span class="css-1dv1kvn">Credit</span><span class="css-14fe1uy e1z0qqy90"><span class="css-1ly73wi e1tej78p0">Credit...</span><span>Tesla, via Reuters</span></span></span></figcaption></figure><div class="css-p6m5rf"><div class="byline-container css-1u5onbp epjyd6m2"><div class="css-165eim7 ey68jwv0" aria-hidden="true"><a href="https://www.nytimes.com/by/jack-ewing" class="css-uwwqev"><img alt="Jack Ewing" title="Jack Ewing" src="https://static01.nyt.com/images/2018/07/18/multimedia/author-jack-ewing/author-jack-ewing-thumbLarge.png" class="css-dc6zx6 ey68jwv2"/></a></div><div class="css-233int epjyd6m1"><p class="css-4anu6l e1jsehar1"><span class="byline-prefix">By </span><a href="https://www.nytimes.com/by/jack-ewing" class="last-byline css-ojhyzr e1jsehar0" itemProp="name">Jack Ewing</a></p><div class="css-gqryk5 epjyd6m0"></div></div></div></div><div class="css-1c72mta"><time dateTime="2024-10-11T12:58:52-04:00" class="css-1ubbotv e16638kd2"><span class="css-1sbuyqj e16638kd3">Published <!-- -->Oct. 10, 2024</span><span class="css-233int e16638kd4">Updated <!-- -->Oct. 11, 2024</span></time></div></header><section name="articleBody" class="meteredContent css-1r7ky0e"><div class="css-s99gbd StoryBodyCompanionColumn" data-testid="companionColumn-0"><div class="css-53u6y8"><p class="css-at9mc1 evys1bk0">After years of promises, Tesla on Thursday unveiled a car that Elon Musk, the company’s chief executive, said will be able to drive itself without human supervision. Mr. Musk has said the vehicle will add trillions of dollars to the company’s stock market value and fuel its growth.</p><p class="css-at9mc1 evys1bk0">The “robotaxi,” which Mr. Musk also referred to as a “cybercab,” will cost less than $30,000 and be available before 2027, he said. He acknowledged, “I tend to be a little optimistic.”</p><p class="css-at9mc1 evys1bk0">Investors, who had high expectations for the presentation, were disappointed by that timeline and the lack of details about the company’s plans. Tesla’s share price was down about 8 percent on Friday afternoon.</p><p class="css-at9mc1 evys1bk0">The product, which does not have a steering wheel or pedals, is a prototype of a self-driving taxi that Mr. Musk has staked Tesla’s future on. </p></div><aside class="css-ew4tgv" aria-label="companion column"></aside></div><div data-testid="Dropzone-1"></div><div class="css-s99gbd StoryBodyCompanionColumn" data-testid="companionColumn-1"><div class="css-53u6y8"><p class="css-at9mc1 evys1bk0">Mr. Musk promised that the vehicle, which appeared to be made of stainless steel, will be able to ferry passengers to any destination without human intervention, a feat that other companies have achieved in just a few places, like Phoenix and San Francisco.</p><p class="css-at9mc1 evys1bk0">“You could fall asleep and wake up at your destination,” he said.</p><p class="css-at9mc1 evys1bk0">The much-anticipated unveiling event at the Warner Bros. studio near Los Angeles began almost an hour late after one of the invitation-only guests suffered a medical emergency, according to Mr. Musk. Guests were offered rides around movie sets, but some were unimpressed.</p><div class="css-1336jj"><div class="css-121kum4"><div class="css-171quhb"></div><div class="css-asuuk5"><noscript><div class="css-7axq9l" data-testid="optimistic-truncator-noscript"><svg width="24" height="24" viewBox="0 0 24 24" aria-hidden="true" class="css-1b5b8u1"><path fill="currentColor" fill-rule="evenodd" d="M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z" clip-rule="evenodd"></path></svg><div data-testid="optimistic-truncator-noscript-message" class="css-6yo1no"><p class="css-3kpklk">We are having trouble retrieving the article content.</p><p class="css-3kpklk">Please enable JavaScript in your browser settings.</p></div></div></noscript><div class="css-1dv1kvn" id="optimistic-truncator-a11y" tabindex="-1"><hr/><p>Thank you for your patience while we verify access. 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company’s chief executive said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.","timesTags":[{"__typename":"Organization","displayName":"Tesla Motors Inc","isAdvertisingBrandSensitive":false,"vernacular":"Tesla"},{"__typename":"Person","displayName":"Musk, Elon","isAdvertisingBrandSensitive":false,"vernacular":"Elon Musk"},{"__typename":"Subject","displayName":"Driverless and Semiautonomous Vehicles","isAdvertisingBrandSensitive":false,"vernacular":"Driverless Cars;Self-Driving Cars"},{"__typename":"Subject","displayName":"Taxicabs and Taxicab Drivers","isAdvertisingBrandSensitive":false,"vernacular":"Taxis"},{"__typename":"Subject","displayName":"Electric and Hybrid Vehicles","isAdvertisingBrandSensitive":false,"vernacular":"Electric Cars and Hybrids"},{"__typename":"Subject","displayName":"Traffic Accidents and Safety","isAdvertisingBrandSensitive":true,"vernacular":"Car Crash"},{"__typename":"Subject","displayName":"Automobile Safety Features and Defects","isAdvertisingBrandSensitive":false,"vernacular":"Automobile safety"}],"transcript":"As you can see, I just arrived in the \"Robotaxi,\" the \"cybercab.\" It’s really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. You could fall asleep and wake up at your destination. This can carry up to 20 people. And it can also transport goods.","uri":"nyt:\u002F\u002Fvideo\u002F2127a09c-766c-5ac0-87e1-4521dc18e61d","url":"https:\u002F\u002Fwww.nytimes.com\u002Fvideo\u002Fbusiness\u002F100000009756329\u002Ftesla-robotaxi-driverless-elon-musk.html"},"muted":false,"promotionalOverride":null,"size":"MEDIUM"},"summary":{"__typename":"SummaryBlock","content":[{"__typename":"TextInline","formats":[],"text":"“You could fall asleep and wake up at your destination,” said Mr. Musk, Tesla’s C.E.O., but some experts are skeptical that such cars will be ferrying passengers soon."}],"textAlign":"LEFT"},"timestampBlock":{"__typename":"TimestampBlock","align":"LEFT","showUpdatedTimestamp":null,"timestamp":"2024-10-10T14:35:47.000Z"}},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"After years of promises, Tesla on Thursday unveiled a car that Elon Musk, the company’s chief executive, said will be able to drive itself without human supervision. Mr. Musk has said the vehicle will add trillions of dollars to the company’s stock market value and fuel its growth."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":0},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"The “robotaxi,” which Mr. Musk also referred to as a “cybercab,” will cost less than $30,000 and be available before 2027, he said. He acknowledged, “I tend to be a little optimistic.”"}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":1},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Investors, who had high expectations for the presentation, were disappointed by that timeline and the lack of details about the company’s plans. Tesla’s share price was down about 8 percent on Friday afternoon."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":2},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"The product, which does not have a steering wheel or pedals, is a prototype of a self-driving taxi that Mr. Musk has staked Tesla’s future on. "}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":true,"adsDesktopHoldout":true,"adsHybrid":true,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":3},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Mr. Musk promised that the vehicle, which appeared to be made of stainless steel, will be able to ferry passengers to any destination without human intervention, a feat that other companies have achieved in just a few places, like Phoenix and San Francisco."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":4},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"“You could fall asleep and wake up at your destination,” he said."}],"textAlign":"LEFT"},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"The much-anticipated unveiling event at the Warner Bros. studio near Los Angeles began almost an hour late after one of the invitation-only guests suffered a medical emergency, according to Mr. Musk. Guests were offered rides around movie sets, but some were unimpressed."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":5},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Analysts at BNP Paribas Exane called the event a disappointment and said it appeared to be little more than a demonstration of Tesla’s existing software “in a different body shell on a handful of concept vehicles, navigating a carefully sanitized movie studio lot with no pedestrians, cats, dogs, etc.”"}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":6},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Tesla’s existing cars, including the Model 3 sedan and Model Y sport utility vehicle, will be able to offer robotic taxi rides in Texas and California well before the new vehicle becomes available, Mr. Musk said."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":true,"adsDesktopHoldout":true,"adsHybrid":true,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":7},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"But many experts are doubtful that such Tesla taxis will hit the roads anytime soon. Mr. Musk has for several years claimed that the company was months away from starting a Robotaxi service. In addition, the autonomous driving technology Tesla offers today can make basic mistakes, requiring drivers to intervene to avoid accidents or violating traffic laws."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":8},{"__typename":"ImageBlock","media":{"__typename":"Image","altText":"A still image from a video showing Mr. Musk onstage in front of a “robotaxi.”","caption":{"__typename":"TextOnlyDocumentBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"A still image from a video showing Mr. Musk onstage next to a “robovan” that Tesla introduced at the event."}]}],"text":"A still image from a video showing Mr. Musk onstage next to a “robovan” that Tesla introduced at the event."},"credit":"Tesla, via Reuters","crops":[{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":400,"name":"articleLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-articleLarge.jpg","width":600},{"__typename":"ImageRendition","height":433,"name":"popup","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-popup.jpg","width":650},{"__typename":"ImageRendition","height":682,"name":"jumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-jumbo.jpg","width":1024},{"__typename":"ImageRendition","height":1364,"name":"superJumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-superJumbo.jpg","width":2048}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":150,"name":"thumbLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-thumbLarge.jpg","width":150}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":127,"name":"articleInline","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-articleInline.jpg","width":190}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":1199,"name":"mobileMasterAt3x","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F02-kvqw\u002F02-kvqw-mobileMasterAt3x.jpg","width":1800}]}],"id":"SW1hZ2U6bnl0Oi8vaW1hZ2UvN2M5MDg5MjEtMmI3ZS01MWExLTgzODItNzFmYWQ3ZjhjNmMw","imageType":"photo","legacyHtmlCaption":"A still image from a video showing Mr. Musk onstage next to a “robovan” that Tesla introduced at the event.","timesTags":[],"uri":"nyt:\u002F\u002Fimage\u002F7c908921-2b7e-51a1-8382-71fad7f8c6c0","url":"\u002Fimagepages\u002F2024\u002F10\u002F11\u002Fmultimedia\u002F02-kvqw.html"},"size":"MEDIUM"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":9},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Still, Mr. Musk’s supporters and fans believe that the Robotaxi will open a lucrative line of business that will more than make up for Tesla’s recent struggles in the electric car market, where it has lost "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F07\u002F09\u002Fbusiness\u002Ftesla-electric-vehicles-market-share.html"}],"text":"market share"},{"__typename":"TextInline","formats":[],"text":" to more established carmakers. Mr. Musk has said people will be able to purchase Robotaxis for personal use and earn extra money by allowing the vehicles to ferry passengers, the automotive equivalent of listing a home on Airbnb."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":10},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"“This is a game changer,” Shay Natarajan, a partner at Mobility Impact Partners, a private equity firm that invests in sustainable transportation but does not own shares in Tesla, said in an email after the event. “If this technology works well, it will completely change personal car ownership and mobility.”"}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":true,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":11},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"But Ms. Natarajan questioned whether Tesla’s technology, which relies on cameras to navigate, will be able to operate in any conditions, as Mr. Musk has promised. Most other carmakers also use laser sensors to detect people and objects."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":12},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Other analysts and "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F07\u002F29\u002Fbusiness\u002Felon-musk-tesla-robotaxi.html"}],"text":"autonomous driving experts"},{"__typename":"TextInline","formats":[],"text":" said there was little evidence that Tesla was close to perfecting the technology and making a profit from it."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":true,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":13},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"A car capable of functioning as a self-driving taxi “is still several years away, and numerous technological hurdles, safety tests and regulatory approvals are still standing in the way,” Garrett Nelson, senior equity analyst at CFRA Research, said in a note this week."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":14},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"For Tesla investors, whose shares are trading for about the same price they were at the beginning of the year, much was riding on the event."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":true,"adsDesktopHoldout":false,"adsHybrid":true,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":15},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Tesla’s status as the most valuable car company in the world was once based on Mr. Musk’s claim that the company would sell 20 million cars a year by the end of the decade, twice as many as Toyota and more than 10 times as many as Tesla sold last year."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":16},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Lately, as "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F10\u002F02\u002Fbusiness\u002Ftesla-electric-vehicle-sales.html"}],"text":"sales growth"},{"__typename":"TextInline","formats":[],"text":" at Tesla has slowed, Mr. Musk has stopped emphasizing that goal and instead staked the company’s future on self-driving technology. People who don’t believe in Tesla’s ability to conquer the obstacles to fully autonomous driving “should not be an investor in the company,” Mr. Musk said in April."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":17},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Many analysts are skeptical that, even if Tesla can perfect the technology, it will deliver the profits Mr. Musk has forecast. Tom Narayan, an analyst at RBC Capital Markets, estimated that self-driving taxis would generate $1.7 billion in revenue from riders worldwide in 2040. But Tesla will own only a slice of the market, Mr. Narayan said."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":true,"adsHybrid":true,"adsMobile":true,"adsMobileHoldout":true,"bad":false,"index":18},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"“This is not happening in big numbers anytime soon,” he added."}],"textAlign":"LEFT"},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"On Thursday Tesla also showed the latest version of its Optimus humanoid robot. A film showed the robots serving drinks, playing board games with children and unloading groceries from a car."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":19},{"__typename":"ImageBlock","media":{"__typename":"Image","altText":"People stand near what looks to be like a robotic figure that is wearing a hat.","caption":{"__typename":"TextOnlyDocumentBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"A still image from a video showed Tesla’s Optimus robot on the day of the robotaxi unveiling event."}]}],"text":"A still image from a video showed Tesla’s Optimus robot on the day of the robotaxi unveiling event."},"credit":"Tesla, via Reuters","crops":[{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":400,"name":"articleLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-articleLarge.jpg","width":600},{"__typename":"ImageRendition","height":433,"name":"popup","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-popup.jpg","width":650},{"__typename":"ImageRendition","height":683,"name":"jumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-jumbo.jpg","width":1024},{"__typename":"ImageRendition","height":1365,"name":"superJumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-superJumbo.jpg","width":2048}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":150,"name":"thumbLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-thumbLarge.jpg","width":150}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":127,"name":"articleInline","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-articleInline.jpg","width":190}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":1800,"name":"mobileMasterAt3x","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F03-kvqw\u002F03-kvqw-mobileMasterAt3x.jpg","width":1800}]}],"id":"SW1hZ2U6bnl0Oi8vaW1hZ2UvYTE2ZDM0ZGEtNGE0NC01NmQwLWE1MWQtN2NkMjFlYzNkZjZh","imageType":"photo","legacyHtmlCaption":"A still image from a video showed Tesla’s Optimus robot on the day of the robotaxi unveiling event.","timesTags":[],"uri":"nyt:\u002F\u002Fimage\u002Fa16d34da-4a44-56d0-a51d-7cd21ec3df6a","url":"\u002Fimagepages\u002F2024\u002F10\u002F11\u002Fmultimedia\u002F03-kvqw.html"},"size":"MEDIUM"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":20},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"“This will be the biggest product ever of any kind,” Mr. Musk said."}],"textAlign":"LEFT"},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"In a surprise, Tesla also rolled out an autonomous “robovan” capable of transporting 20 people. “We’re going to build this,” Mr. Musk said. But the company disappointed some investors who had hoped to see a prototype of a Tesla car priced lower than existing models. Tesla has said such a car will go on sale next year."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":21},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Tesla already sells a monthly subscription for a system it calls Supervised Full Self-Driving to owners of its electric vehicles. But the company says drivers using it must be ready to intervene at any moment if the software makes a mistake."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":true,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":22},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"A ride last week in a Tesla Model 3 equipped with the latest version of Full Self-Driving indicated that the company still has work to do."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":true,"adsHybrid":false,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":23},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"The car’s performance during a drive through Manhattan and Queens was impressive at times. It was courteous to pedestrians, once stopping, in the Rockaway Beach neighborhood, for two children who were stepping off a sidewalk onto a four-lane street where there was no crosswalk or traffic signal."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":24},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"But on numerous other occasions the car avoided accidents or illegal maneuvers only because the driver intervened. The car was being driven by Guy Mangiamele, director of vehicle testing for "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Famcitesting.com\u002Ftesla-fsd\u002F"}],"text":"AMCI Testing"},{"__typename":"TextInline","formats":[],"text":", a Los Angeles-based research firm that assesses vehicle performance for car companies and other customers."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":25},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"With full self-driving engaged, the car became confused in a tunnel between Manhattan and Queens, slowing dangerously in heavy traffic. In Manhattan’s financial district, the car ran a red light. It tried to make a left turn onto West 29th Street from a middle lane of the Avenue of the Americas, and would have cut off a police car had Mr. Mangiamele not intervened."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":26},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Mr. Mangiamele, who has tested the software over hundreds of miles in various locations, called it an “incredible accomplishment” that nonetheless has “glaring shortcomings.”"}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":27},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Accidents attributed to earlier versions of Tesla software have prompted numerous lawsuits and an investigation by the National Highway Traffic Safety Administration. The agency has said the technology does not adequately ensure that drivers remain attentive. In April, it issued a report linking "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F04\u002F26\u002Fbusiness\u002Ftesla-autopilot-recall-nhtsa-investigation.html"}],"text":"hundreds of accidents and at least 29 fatal crashes"},{"__typename":"TextInline","formats":[],"text":" to the use of Tesla’s driver-assistance systems."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":true,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":28},{"__typename":"ImageBlock","media":{"__typename":"Image","altText":"A tablet on the dashboard of a car.","caption":{"__typename":"TextOnlyDocumentBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"A monitor in a Tesla Model 3 warning the driver to keep their hands on the wheel."}]}],"text":"A monitor in a Tesla Model 3 warning the driver to keep their hands on the wheel."},"credit":"Mike Blake\u002FReuters","crops":[{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":400,"name":"articleLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-articleLarge.jpg","width":600},{"__typename":"ImageRendition","height":434,"name":"popup","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-popup.jpg","width":650},{"__typename":"ImageRendition","height":683,"name":"jumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-jumbo.jpg","width":1024},{"__typename":"ImageRendition","height":1366,"name":"superJumbo","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-superJumbo.jpg","width":2048}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":150,"name":"thumbLarge","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-thumbLarge.jpg","width":150}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":127,"name":"articleInline","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-articleInline.jpg","width":190}]},{"__typename":"ImageCrop","renditions":[{"__typename":"ImageRendition","height":1801,"name":"mobileMasterAt3x","url":"https:\u002F\u002Fstatic01.nyt.com\u002Fimages\u002F2024\u002F11\u002F10\u002Fmultimedia\u002F10tesla-robotaxi-fvpq\u002F10tesla-robotaxi-fvpq-mobileMasterAt3x.jpg","width":1800}]}],"id":"SW1hZ2U6bnl0Oi8vaW1hZ2UvOGQ5ZWQxNDItNTEzZi01YTdmLWFkZmEtN2MwZTc4OGIyZGNj","imageType":"photo","legacyHtmlCaption":"A monitor in a Tesla Model 3 warning the driver to keep their hands on the wheel.","timesTags":[],"uri":"nyt:\u002F\u002Fimage\u002F8d9ed142-513f-5a7f-adfa-7c0e788b2dcc","url":"\u002Fimagepages\u002F2024\u002F10\u002F11\u002Fmultimedia\u002F10tesla-robotaxi-fvpq.html"},"size":"MEDIUM"},{"__typename":"Dropzone","adsDesktop":true,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":true,"index":29},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Mr. Musk has long said that Tesla vehicles would be able to operate without human intervention. His unfulfilled promises prompted a class-action lawsuit by the Oakland County, Mich., pension fund and other shareholders who claimed he misled them about the company’s technology in violation of securities laws."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":true,"bad":false,"index":30},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"But a federal judge in California ruled in favor of Tesla last month, citing laws that allow executives to make optimistic statements even if they later prove to be untrue. The ruling grants broad leeway to Mr. Musk."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":true,"adsMobileHoldout":false,"bad":false,"index":31},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Tesla is not the only company pursuing self-driving taxis. In China, the tech giant "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F06\u002F13\u002Fbusiness\u002Fchina-driverless-cars.html"}],"text":"Baidu"},{"__typename":"TextInline","formats":[],"text":" is testing autonomous taxis on public streets. Waymo, a subsidiary of Google’s parent company, has been operating a driverless taxi service for years. It recently said its cars were providing "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F09\u002F04\u002Ftechnology\u002Fwaymo-expansion-alphabet.html"}],"text":"more than 100,000 rides a week"},{"__typename":"TextInline","formats":[],"text":" in San Francisco, Phoenix and Los Angeles. Cruise, a unit of General Motors, "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F07\u002F23\u002Fbusiness\u002Fgeneral-motors-cruise-driverless-taxi.html"}],"text":"recently restarted testing driverless taxis"},{"__typename":"TextInline","formats":[],"text":" after one of its cars hit and dragged a pedestrian last year in San Francisco. And Zoox, owned by Amazon, is "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","title":"","uri":null,"url":"https:\u002F\u002Fwww.nytimes.com\u002Finteractive\u002F2024\u002F09\u002F03\u002Ftechnology\u002Fzoox-self-driving-cars-remote-control.html"}],"text":"testing a driverless van"},{"__typename":"TextInline","formats":[],"text":" that has no steering wheel with plans to start a paying service."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":32},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"Analysts say it will probably be years before those companies or Tesla is running a profitable taxi service in many urban areas. And even then such services will need sizable teams of engineers, mechanics, cleaners and others to operate."}],"textAlign":"LEFT"},{"__typename":"Dropzone","adsDesktop":false,"adsDesktopHoldout":false,"adsHybrid":false,"adsMobile":false,"adsMobileHoldout":false,"bad":false,"index":33},{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[],"text":"“Elon’s Robotaxi represents a potential paradigm shift in the transportation industry,” Karl Brauer, executive analyst at iSeeCars, a used car shopping site, said in a statement this week, “but it’s not going to happen overnight.”"}],"textAlign":"LEFT"}]},"storyFormat":"Article","storylines":[{"__typename":"AssociatedStoryline","ruleName":"styln-electric-vehicles","storyline":{"__typename":"Storyline","context":null,"displayName":"Electric Vehicles","experimentalJsonBlob":"{\"data\":[{\"version\":1,\"type\":\"experimentalJsonBlob\",\"data\":[{\"version\":1,\"type\":\"guide\",\"data\":{\"title\":\"The Rise of Electric Vehicles\",\"leadIn\":\"\",\"sections\":[{\"section\":[{\"type\":\"bulletedList\",\"value\":[\"\u003Cstrong\u003EChina’s Price War:\u003C\u002Fstrong\u003E In China’s fast growing but crowded domestic market for electric vehicles, Chinese automakers are \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F27\u002Fbusiness\u002Fbyd-china-electric-vehicles.html\\\"\u003Epressuring suppliers to deliver hefty cost cuts\u003C\u002Fa\u003E.\",\"\u003Cstrong\u003ENew Mail Trucks:\u003C\u002Fstrong\u003E They may look like ducks, but new electric mail trucks have a side cargo door and air-conditioning, promising some long-overdue relief for carriers, who \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F26\u002Fus\u002Fusps-new-mail-trucks.html\\\"\u003Ehaven’t had an upgrade since the 1980s\u003C\u002Fa\u003E.\",\"\u003Cstrong\u003ETax Credit in Jeopardy:\u003C\u002Fstrong\u003E Many car buyers have come to rely on a $7,500 federal tax credit on electric vehicles to soften the blow of their high prices. \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fbusiness\u002Ftrump-electric-vehicle-tax-credit.html\\\"\u003EBut those credits could disappear\u003C\u002Fa\u003E after President-elect Donald Trump takes office.\",\"\u003Cstrong\u003ENewsom Challenges Trump:\u003C\u002Fstrong\u003E California Gov. Gavin Newsom said his state will step in and \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fclimate\u002Fnewsom-trump-electric-vehicle-tax-credits.html\\\"\u003Eprovide rebates to eligible residents\u003C\u002Fa\u003E who buy electric vehicles if Trump ends the federal E.V. tax credit.\",\"\u003Cstrong\u003ERivian E.V. Factory Loan:\u003C\u002Fstrong\u003E The Biden administration will \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fbusiness\u002Fbiden-loans-ev-auto-industry.html\\\"\u003Elend $6 billion to help Rivian build an electric car factory in Georgia\u003C\u002Fa\u003E, part of an effort to lock in Democratic climate policies before Trump returns to the White House.\"]}]}]}}]}]}","guide":{"__typename":"StorylineGuide","displayName":"The Rise of Electric Vehicles","leadIn":null,"sections":[{"__typename":"StorylineGuideSection","items":[{"__typename":"StorylineGuideItem","content":{"__typename":"ListBlock","content":[{"__typename":"ListItemBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[{"__typename":"BoldFormat"}],"text":"China’s Price War:"},{"__typename":"TextInline","formats":[],"text":" In China’s fast growing but crowded domestic market for electric vehicles, Chinese automakers are "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","uri":"nyt:\u002F\u002Farticle\u002F8765ba83-00c5-526e-bda3-6af0882299c6","url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F27\u002Fbusiness\u002Fbyd-china-electric-vehicles.html"}],"text":"pressuring suppliers to deliver hefty cost cuts"},{"__typename":"TextInline","formats":[],"text":"."}]}]},{"__typename":"ListItemBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[{"__typename":"BoldFormat"}],"text":"New Mail Trucks:"},{"__typename":"TextInline","formats":[],"text":" They may look like ducks, but new electric mail trucks have a side cargo door and air-conditioning, promising some long-overdue relief for carriers, who "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","uri":"nyt:\u002F\u002Farticle\u002Ffb75853f-598f-5668-adc9-1cbe12b3f550","url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F26\u002Fus\u002Fusps-new-mail-trucks.html"}],"text":"haven’t had an upgrade since the 1980s"},{"__typename":"TextInline","formats":[],"text":"."}]}]},{"__typename":"ListItemBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[{"__typename":"BoldFormat"}],"text":"Tax Credit in Jeopardy:"},{"__typename":"TextInline","formats":[],"text":" Many car buyers have come to rely on a $7,500 federal tax credit on electric vehicles to soften the blow of their high prices. "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","uri":"nyt:\u002F\u002Farticle\u002F07de307d-d4df-5e7c-855f-11f596f9c137","url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fbusiness\u002Ftrump-electric-vehicle-tax-credit.html"}],"text":"But those credits could disappear"},{"__typename":"TextInline","formats":[],"text":" after President-elect Donald Trump takes office."}]}]},{"__typename":"ListItemBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[{"__typename":"BoldFormat"}],"text":"Newsom Challenges Trump:"},{"__typename":"TextInline","formats":[],"text":" California Gov. Gavin Newsom said his state will step in and "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","uri":"nyt:\u002F\u002Farticle\u002Fa55436cd-063b-5e21-bbc2-16de2d8f2e00","url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fclimate\u002Fnewsom-trump-electric-vehicle-tax-credits.html"}],"text":"provide rebates to eligible residents"},{"__typename":"TextInline","formats":[],"text":" who buy electric vehicles if Trump ends the federal E.V. tax credit."}]}]},{"__typename":"ListItemBlock","content":[{"__typename":"ParagraphBlock","content":[{"__typename":"TextInline","formats":[{"__typename":"BoldFormat"}],"text":"Rivian E.V. Factory Loan:"},{"__typename":"TextInline","formats":[],"text":" The Biden administration will "},{"__typename":"TextInline","formats":[{"__typename":"LinkFormat","uri":"nyt:\u002F\u002Farticle\u002Fae77df7a-5ed2-5670-931f-6424595e3b3e","url":"https:\u002F\u002Fwww.nytimes.com\u002F2024\u002F11\u002F25\u002Fbusiness\u002Fbiden-loans-ev-auto-industry.html"}],"text":"lend $6 billion to help Rivian build an electric car factory in Georgia"},{"__typename":"TextInline","formats":[],"text":", part of an effort to lock in Democratic climate policies before Trump returns to the White House."}]}]}]}}]}]},"hubAssets":[],"primaryAssets":[],"promotedLiveAssets":[],"tone":"NEWS","topLinks":null,"uri":"nyt:\u002F\u002Fstoryline\u002F904e1303-f996-4084-a4e0-b92587305cdc","url":"https:\u002F\u002Fwww.nytimes.com\u002Fstoryline\u002F904e1303-f996-4084-a4e0-b92587305cdc"},"testName":""},{"__typename":"AssociatedStoryline","ruleName":"styln-business-general","storyline":{"__typename":"Storyline","context":null,"displayName":"Best of Business","experimentalJsonBlob":"{\"data\":[{\"version\":1,\"type\":\"experimentalJsonBlob\",\"data\":[{\"version\":1,\"type\":\"guide\",\"data\":{\"title\":\"Explore Our Business and Tech Coverage\",\"leadIn\":\"Dive deeper into the people, issues and trends shaping the worlds of business and technology.\",\"sections\":[{\"section\":[{\"type\":\"bulletedList\",\"value\":[\"\u003Cstrong\u003EHow Altman Won Over Trump: \u003C\u002Fstrong\u003EAfter helping President Trump get elected, Elon Musk was poised to dominate America’s A.I. policies. Then Sam Altman, the chief executive of OpenAI, \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2025\u002F02\u002F08\u002Ftechnology\u002Fsam-altman-elon-musk-trump.html\\\"\u003Esneaked into the White House\u003C\u002Fa\u003E.\",\"\u003Cstrong\u003EWhere to Find the Gossip: \u003C\u002Fstrong\u003EEmily Sundberg’s business newsletter, Feed Me, is read by dealmakers and strivers alike and \u003Ca href=\\\"https:\u002F\u002Fwww.nytimes.com\u002F2025\u002F02\u002F07\u002Fbusiness\u002Femily-sundberg-feed-me.html\\\"\u003Ehas made her a rising Substack star\u003C\u002Fa\u003E.\",\"\u003Cstrong\u003EWhat Happens to Emerging Black Sellers?: \u003C\u002Fstrong\u003EBlack-owned brands got a foot in the door through D.E.I. programs at big retailers like Target and Amazon. 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