Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company's already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report. Elon Musk's automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX. Musk's rocket and AI company held the largest stock market debut in history last month, turning the richest man on Earth into the world's first trillionaire, though his net worth has since fallen from its peak. Tesla revealed earnings of 31 cents per share, a measurement of profits divided by the number of outstanding shares, less than the 51 cents per share Wall Street predicted.

Zoox updated its driverless robotaxi with comfort upgrades and two-way audio. The autonomous vehicle is live in Las Vegas and San Francisco.

This material may not be published, broadcast, rewritten, or redistributed. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset . Powered and implemented by FactSet Digital Solutions . Mutual Fund and ETF data provided by LSEG . McDonald's AI drive-thru may take your next order The Father's Day gift that protects your dad from scammers Grandparents are identity theft's biggest payday Do not click fake'account recovery' Amazon email Americans need protection against'warrantless surveillance': Rep Chip Roy Spencer Pratt's use of AI to boost campaign sparks debate China approves world's first commercial brain chip Atlanta residents captured alarming video of dozens of Waymo driverless cars continually circling their quiet neighborhood for hours.

The pale blue vans have begun picking up passengers in California and Arizona. Waymo has begun offering rides in its brand-new Ojai robotaxi to passengers in San Francisco, Los Angeles and Phoenix. Trips will be free for a limited time. The Ojai is a big step for Waymo. This is the company's first purpose-built robotaxi.

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Uber plans to deploy 20,000 robotaxis across U.S. and international markets over six years, with rides available exclusively through the Uber app.

The partnership between Uber, Lucid and Nuro plans to launch its robotaxi fleet in San Francisco later this year. Waymo is getting a good look at the competition as Uber revealed the design of its robotaxi that's due to launch in San Francisco later this year. The upcoming robotaxi is a result of a partnership announced in July between Uber, Lucid and Nuro. The plan is still to deploy at least 20,000 Lucid EVs that will use the Nuro Driver autonomous driving tech and be available through the Uber platform. It's important to note that the robotaxi reveal will be a production intent design, so there may be some modifications to the version that will eventually hit the streets.

Tesla shareholders sued Elon Musk and the electric vehicle maker for allegedly concealing the significant risk posed by company's self-driving vehicles. The proposed class-action suit, which accuses Musk and Tesla of securities fraud, was filed on Monday night. Tesla conducted its first public test of its self-driving taxis in late June near the company's headquarters in Austin, Texas. That test showed the vehicles speeding, braking suddenly, driving over a curb, entering the wrong lane and dropping off passengers in the middle of multilane roads. The National Highway Transit Safety Administration (NHTSA), the main transportation regulator in the US, is investigating the Robotaxi's pilot test.

Elon Musk's latest business venture just rolled out an updated service map that has all of social media convinced he's trolling his critics with a juvenile image. Over the weekend, Musk's electric car company Tesla unveiled the expanded area where Robotaxi will be operating in Austin, Texas. Robotaxi launched in June in a small, geofenced portion of the city, meaning the self-driving cars could not operate anywhere else. It's not Robotaxi's expansion that's raising eyebrows, but the oddly shaped coverage zone, which many on social media insist resembles a phallus. Musk himself posted an enlarged image of the new Robotaxi map on X Monday morning with no comment. While Tesla CEO wouldn't say this phallic-shaped map was done intentionally as a joke, his followers on X quickly pounced on the alleged prank.

The US Patent and Trademark Office has refused one of Tesla's initial attempts to trademark the term "Robotaxi" because it believes the name is generic and already in use by other companies, according to a filing spotted by TechCrunch. Tesla was hoping to trademark the term in connection to its planned self-driving car service, but now it'll have to reply with more evidence to change the office's mind. The main issue outlined in the USPTO decision is that "Robotaxi" is "merely descriptive," as in its an already commonly used term. A robotaxi typically refers to the self-driving cars used in services like Waymo. As long as Silicon Valley has believed money could be made selling autonomous vehicles (and the rides you can take in them), the term has been in use.