Technology News

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.

As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.

Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.

The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.

XPeng has been touted as the Tesla of China and it has showcased capabilities that are similar to the American giant

Elon Musk has finally admitted that Tesla wouldn't be getting a driverless car permit anytime soon.

Foxconn said it was "cautiously optimistic" about its fourth-quarter revenue outlook after reporting record-breaking September sales.