Elon Musk says first Tesla drove itself from factory to customer
[AUSTIN] Tesla chief executive Elon Musk said a Tesla Model Y SUV drove itself from the company's factory near Austin to a customer's home in the company's latest move to showcase its push into autonomous driving.
In a post on X, Musk announced the company made an autonomous delivery of a Tesla Model Y from factory to a customer's home, noting the delivery was made 'across town', and included highways. Musk said the delivery did not include anyone in the car and no remote operators were in control of the car.
While the post did not include video or images, Musk posted that a video of the event would come soon. Tesla's head of artificial intelligence (AI) and autopilot, Ashok Elluswamy, said the vehicle reached a max speed of 72 miles per hour (116 km per hour).
The delivery was one day ahead of the date Musk had earlier set for the first autonomous delivery, Jun 28, which will be his 54th birthday.
Tesla's first autonomous delivery highlights Musk's bet that AI and robotics represent the future of his electric car company. It comes days after Tesla began its long-awaited robotaxi service on Jun 22, offering a select group of influencers and investors rides in a small fleet of self-driving Model Y SUVs in a limited area of Austin.
Musk previewed both events in a post earlier this month on X, and has said the company plans to eventually have millions of robotaxis on the road in the future.
Musk is counting on eventually churning out large numbers of robotaxis and Optimus humanoid robots to underpin the electric vehicle company's next chapter. Sales in key markets including North America and Europe remain sluggish and the company has faced a consumer backlash to Musk's role in US President Donald Trump's administration. Multiple executives have also left the company in recent weeks.
The hands-free delivery is an extension of a capability Tesla touted in April, when it posted a video showing cars moving autonomously from its Texas assembly lines to logistics lots prior to shipping. It's unclear whether autonomous deliveries will become a meaningful part of Tesla's operations.
Tesla did not immediately respond to a request for comment. BLOOMBERG

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
18 hours ago
- Business Times
Billionaire Michael Dell reaps US$1.2 billion from stock sale
[NEW YORK] Dell Technologies chief executive Michael Dell sold US$1.2 billion worth of shares in his namesake computer company, reducing his stake by about 3 per cent, according to a Friday (Jun 27) filing. Dell, 60, is the 12th-richest person in the world with a fortune of US$135.4 billion, according to the Bloomberg Billionaires Index. Even after the sale, in which he offloaded 10 million shares, he still owns a stake in the computing giant worth nearly US$39 billion. About a third of the billionaire's fortune is in Dell Technologies stock, including shares held by his wife's trust, while the remainder is primarily held in Broadcom stock and cash proceeds from prior share sales. The sale follows a familiar pattern for Dell, who also sold two blocks of 10 million shares in September, generating more than US$2.3 billion. His company's stock is up more than 9 per cent since May 29, when it gave a profit outlook for the year that beat estimates. It also told investors it had seen a significant increase in orders for servers to run artificial-intelligence (AI) networks. Round Rock, Texas-based Dell Technologies has been undergoing a renaissance as of late, gaining more than 50 per cent last year and rejoining the S&P 500 Index after a decade-long absence off the back of a surge in revenue tied to its AI server business. BLOOMBERG

Straits Times
20 hours ago
- Straits Times
Musk wades back into politics, slamming Trump's domestic policy bill
Mr Elon Musk, the billionaire CEO of Tesla and SpaceX, had been relatively quiet since his blowup with the president in June. PHOTO: REUTERS Mr Elon Musk waded back into the political fray on June 28, slamming a major domestic policy bill that Senate Republicans are scrambling to pass, just weeks after he ended a feud with President Donald Trump over the legislation. In the wee hours of the morning on June 28, GOP leaders released a new 940-page version of the legislation to carry out the President's agenda. Like the House version, the bill would slash taxes, scale back Medicaid, cut nutritional assistance and increase spending on the military and immigration enforcement. But the Senate also included some new measures intended to mollify holdouts in the Republican ranks, including a fund to help rural hospitals that depend on Medicaid. Leaders in the Republican majority are hoping to push the bill through the Senate and win final approval in the House before Mr Trump's deadline of July 4. Mr Musk, the billionaire CEO of Tesla and SpaceX, had been relatively quiet since his blowup with the president in June, but as the Senate convened to discuss the package on the afternoon of June 28, he reentered the debate, calling the bill 'utterly insane and destructive' in a post on his social platform X. 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' he wrote. The bill lies at the center of his earlier feud with the President. Mr Musk had said he believed that the package would significantly add to the national debt and would undermine the savings he claims were found by the Department of Government Efficiency, a federal government cost-cutting project he led. He called the bill a 'disgusting abomination' that would make the country bankrupt. The spat quickly became personal as both men unleashed a torrent of attacks at each other. Mr Musk suggested that Mr Trump was named in the government's files on Jeffrey Epstein, the financier and convicted sex offender who killed himself in jail while awaiting trial. Mr Trump said that Mr Musk's 'crazy' behavior was linked to drug use. The war of words came as Mr Musk was taking a step back from his role in the Trump administration to focus on his companies, which had been struggling. Though Mr Trump said he had no interest in repairing their relationship, Mr Musk said a week after their dispute that he regretted some of his posts and felt that he 'went too far', signaling a possible truce. It is unclear how much influence Mr Musk wields over the Senate and what, if any, impact his views will have on the passage of the legislation. But his recent comments criticising what Mr Trump calls his 'Big Beautiful Bill' certainly do not bode well for his relationship with the President. NY TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
2 days ago
- Business Times
Hong Kong's sixfold jump in share sales drives boom year in Asia
[HONG KONG] Hong Kong's having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about US$33 billion, poised for a sixfold jump from a year ago, according to data compiled by Bloomberg. Offerings from electric carmakers BYD and Xiaomi raised the most, followed by Contemporary Amperex Technology Co (CATL), which had the world's biggest new listing this year. Investors have brushed aside tariffs and geopolitical concerns as deals flooded in Hong Kong – including three of the four biggest stock offerings in the world in 2025. Equity strategists remain upbeat about local stocks after the Hang Seng became one of the world's best-performing indexes this year. And with the throng of companies lining up with billion-dollar offerings, it's shaping up to be a good year for investment bankers in the city. 'We're seeing a lot more comfort from global investors around the global and regional macro picture, which is leading them to reassess and increase their exposure to the region including to Hong Kong and mainland China,' said Sunil Dhupelia, co-head of Asia Pacific ECM at JPMorgan Chase. 'Assuming that markets remain stable, it's likely to be very busy in the second half of the year.' Chinese companies that already have shares trading in Shenzhen or Shanghai have been flocking to Hong Kong for additional listings. Those so-called A-H deals accounted for about three-quarters of Hong Kong's total proceeds of US$13.4 billion from first-time share sales in 2025, according to data compiled by Bloomberg. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The biggest one was the US$5.2 billion offering by battery-giant CATL, which forged ahead with its Hong Kong listing in May despite being caught up in US-China tensions. The high-profile deal's success shows industry leaders are still able to find global buyers even in an unfavorable environment. Hong Kong listing proceeds are poised to double to a four-year high of more than US$22 billion, according to Bloomberg Intelligence. Big deals to look forward to later this year include those of electric carmaker Seres Group, heavy-machinery maker Sany Heavy Industry and pig breeder Muyuan Foods. Hong Kong Exchanges & Clearing, which is celebrating its 25th anniversary, is so fired up about the surge in business that it's parading the iconic gong used to introduce new listings in an unprecedented two-week public tour via a 'gongmobile'. Hong Kong is leading share sales overall in all of Asia-Pacific, where first-half proceeds have climbed almost 30 per cent to about US$100 billion in 2025, according to data compiled by Bloomberg. In India, which led the region in share sales last year, total proceeds stand at about US$20 billion, on track for a drop of more than 20 per cent in the first half, after a stock-market rout led to a slow start. Despite underperforming regional peers, the benchmark Nifty 50 Index has rallied as of late and is on track to post its best quarterly gain in more than a year. That optimism is spilling over to deals, with HDB Financial Services' US$1.5 billion initial public offering (IPO), and Tata Capital's soon-to-come US$2 billion IPO. Elsewhere, the US$4 billion chunk of Japan Post Bank Co sold by its parent and JX Advanced Metals' IPO helped share sale proceeds in Japan rise to US$13.7 billion, on course for a 30 per cent increase, though the pace of deals slowed during the second quarter, according to data compiled by Bloomberg. In South Korea, the recent presidential election ended of months of leadership vacuum, revitalising the Kospi and making it one of the region's best-performing indexes. That's encouraging more companies to pursue listings, such as Baby Shark-creator Pinkfong, the company behind the most watched YouTube video of all time. While geopolitical tensions are bound to continue to complicate decisions for corporate issuers and investors for months to come, Asia is on track to cap a great year of deals. 'We don't expect issuance activity to be slowing,' said Rob Chan, head of Asia ECM syndicate at Citigroup. 'In fact, despite all the uncertainties driven by tariffs and geopolitical tensions in recent months, issuance activity has been very strong.' Going forward, expect to see deals in Hong Kong from companies that mainly rely on Chinese domestic consumption because they are best shielded from tariff effects and geopolitics, according to Christine Xu, the partner in charge of Chinese ECM transactions at the Linklaters law firm. 'Enough water has gone under the bridge around the tariffs, and the market has taken that in its stride,' said JPMorgan's Dhupelia. 'Looking at the rest of the year, the ongoing complex global geopolitical situation is the clear risk that could change the direction of markets.' BLOOMBERG