Waymo was last valued at just $45 billion, while autonomous technology drives most of Tesla’s $1 trillion value.

In Austin, Tesla launched a choreographed experiment involving maybe a dozen cars, operating in limited geography, with safety monitors in the front passenger seat; remote “teleoperators”; plans to avoid bad weather; and hand-picked pro-Tesla influencers as passengers.

Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV 10,000 yuan ($1,395) cheaper than Tesla's Model Y, stepping up the challenge to the U.S. firm in the world's largest auto market.

Update: Xiaomi has just announced pricing and range details for the new YU7, with the electric crossover starting at a reasonable RMB 253,500 (around $34,500 at current exchange r

Chinese smartphone maker Xiaomi Corp. is looking to shake off scrutiny of tech-enhanced driving systems with a 253,500 yuan ($35,360) sport utility vehicle that takes aim at Tesla Inc.’s popular Model Y.

Tesla sales in Europe plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

Tesla sales in Europe plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now

Tesla's new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.