Latest news with #LIDAR
Yahoo
2 hours ago
- Automotive
- Yahoo
Things Are Looking Really, Really Bad for Tesla
Elon Musk's carmaker Tesla is widely expected to disappoint with its Q2 earnings report later today. Demand for the company's EVs has dried up significantly over the past 18 months, driven in large part by its exceptionally divisive CEO's efforts to alienate buyers at the exact moment that the company is facing a flood of high-quality international competition. Deliveries fell a record 13.5 percent this quarter compared to a year earlier — and the accompanying earnings report, which is set to be released this afternoon, could paint an even more dire picture of Tesla's financials, as CNN reports, highlighting just how far the carmaker has fallen. Despite plummeting car sales, investors have remained resiliently optimistic, with shares rallying 50 percent since hitting their lowest point this year in April. As Bloomberg reports, profit estimates have plummeted — but shares have rallied in response, highlighting an unusual inverse relationship. Shares are up over six percent over the last five days leading up to Tesla's earnings report this week, indicating plummeting revenues aren't a major concern to investors. Tesla bulls have also seemingly looked past president Donald Trump's "big, beautiful bill," which passed earlier this month. The bill will remove a $7,500 tax credit for US-made EVs, as well as a federal fuel economy incentives program, which generated almost $2.8 billion in revenue for Tesla in 2024. The waning demand adds even more pressure on Musk's massive bet on a robotaxi service, which launched in a geo-fenced area in Austin, Texas, last month, opening up the billionaire to criticism that he's abandoning the carmaker's core business in favor of going all in on AI and autonomous ridehailing. But given the chaotic nature of Tesla's extremely limited robotaxi launch, the carmaker still has a lot to prove. Despite the limited rollout, the robotaxis have already caused mayhem on the streets of Austin, from terrifying close calls to reckless driving and broken laws. Whether Musk's vision for autonomous driving will eventually pay off remains unclear at best. For one, critics have pointed out that relying exclusively on cameras — and not radar or LIDAR — is a huge mistake. Tesla also has steep competition, largely in the form of Alphabet's Waymo, which has a massive lead over the EV maker and already operates robotaxi services across several major US cities. In other words, investors will have to subscribe to Musk's vision of a robotaxi service whether they like it or not. The mercurial CEO previously predicted that millions of self-driving cabs would be hitting the street by the end of 2026, which currently feels like an extreme long shot. Musk has also claimed that Tesla's Optimus humanoid robot business would generate obscene amounts of revenue — anywhere up to $10 trillion. But longtime Musk watchers are by now accustomed to hearing him make claims that don't ultimately come true. In short, now more than ever before, Tesla's market value has become a litmus test of how confident investors are in Musk and his personal vision for the tarnished brand. And now that he's had a massive falling out with the president, announcing he would be creating his own political party — a move that itself left investors largely unimpressed — the pressure is on. "The Tesla story is about Musk," Integrity Asset Management portfolio manager Joe Gilbert told Bloomberg. "If he can give confidence to the market that he is re-focused on robotaxi and the brand, the stock can work." More on Tesla: Waymo Responds to Elon Musk's "Schlong Map" by Showing That Theirs Is Bigger Sign in to access your portfolio
New Indian Express
4 days ago
- Politics
- New Indian Express
Uttam orders urgent completion of SLBC tunnel, ropes in top experts to fast-track work
HYDERABAD: Irrigation Minister N Uttam Kumar Reddy has directed officials to immediately resume the remaining tunnelling operations, including drilling and blasting, of the Srisailam Left Bank Canal (SLBC). Calling SLBC a crucial lifeline for Telangana, he emphasised that its completion must be treated as a top priority and executed with urgency. An estimated 10 kilometres of tunnel work remains to be completed. On Saturday, the minister held a review meeting with officials of the Irrigation department to discuss various issues. During the meeting, he noted that the SLBC tunnel work is being undertaken using the latest electromagnetic survey technology, in collaboration with the National Geophysical Research Institute (NGRI) and the Geological Survey of India (GSI). To ensure precise planning and seamless execution, he directed officials to expedite the aerial LIDAR survey. Earlier in the day, he met NGRI scientists to finalise the technical modalities of the survey. He reiterated that cost would not be a constraint, but quality and speed must be maintained at the highest standards. The meeting also marked the first formal interaction with Colonel Parikshit Mehra, a globally acclaimed tunnel engineering expert who recently joined the Irrigation Department on deputation. The Minister expressed confidence that Mehra's expertise would help resolve long-pending technical challenges and fast-track the completion of the SLBC and other key tunnel projects. He also announced that General Harpal Singh, former Engineer-in-Chief of the Indian Army, would soon be appointed as an Honorary Advisor to strengthen the department's technical capacity and execution capabilities. Meanwhile, Uttam Kumar Reddy instructed officials to prepare a scientific and practical plan for optimal utilisation of water during the ongoing Kharif season. He said the plan must account for current reservoir levels, expected monsoon inflows, and the total ayacut that can be effectively served. He stressed the need for a clear and coordinated water release strategy based on real-time data, crop patterns, and the geography of ayacut areas. 'Our primary objective is to ensure that no farmer suffers due to lack of water. The entire department must work proactively, with foresight and accountability,' he said. He directed officials to closely monitor dams, reservoirs, canals, and related infrastructure, and to take preventive measures to avoid breaches, flooding, or damage. He instructed the department to stay in regular contact with the Disaster Management Wing and ensure strong inter-agency coordination for flood control.
Hans India
4 days ago
- Politics
- Hans India
Plans afoot to resume SLBC tunnel works
Hyderabad: The Telangana government is all set to resume tunnelling operations in the Srisailam Left Bank Canal (SLBC), where a cave-in had resulted in the death of eight workers in February this year. The government has roped in NGRI (National Geophysical Research Institute) and Geological Survey of India (GSI) to complete the tunnel works. Irrigation minister N Uttam Kumar Reddy conducted an in-depth review of the long-pending SLBC tunnel works and directed the officials to immediately resume remaining tunnel operations, including drilling and blasting. An estimated 10-km of tunnel work remains to be completed. Calling SLBC a crucial lifeline for Telangana, Uttam said its completion must be treated as a top priority and executed with urgency. The SLBC tunnel work is being taken up using the latest electromagnetic survey technology in collaboration with the National Geophysical Research Institute (NGRI) and the Geological Survey of India (GSI). To ensure precise planning and seamless execution, the minister directed the officials to expedite the aerial LIDAR survey. He met earlier in the day with NGRI scientists to finalise the technical modalities of the survey. He reiterated that cost would not be a constraint, but quality and speed must be maintained at the highest standards. The meeting also marked the first formal interaction with Colonel Parikshit Mehra, a globally acclaimed tunnel engineering expert who has recently joined the Irrigation Department on deputation. The minister expressed confidence that Mehra's expertise would help resolve long-pending technical challenges and fast-track the completion of SLBC and other key tunnel projects. He also announced that General Harpal Singh, former Engineer-in-Chief of the Indian Army, would soon be appointed as Honorary Advisor to strengthen the department's technical capacity and execution capabilities. The minister also reviewed water availability across all major reservoirs in Telangana and directed the Irrigation Secretary and Engineer-in-Chief to prepare a scientific and practical plan for optimal utilisation of water during the ongoing Kharif season. He said the plan must take into account current reservoir levels, expected monsoon inflows, and the total ayacut that can be served effectively. He noted that the Irrigation and Agriculture departments had worked in close coordination during the previous Kharif and Yasangi seasons, leading to a record production of 281 Lakh Metric Tonnes (LMT) of paddy.
United News of India
4 days ago
- Business
- United News of India
Telangana govt to appoint former Indian Army Engineer-in-Chief as Honorary advisor to strengthen Irrigation Dept. technical capacity
Hyderabad, July 19 (UNI) Telangana Irrigation Minister Capt N Uttam Kumar Reddy on Saturday directed officials concerned to immediately resume the remaining tunneling operations, including drilling and blasting. Uttam announced that General Harpal Singh, former Engineer-in-Chief of the Indian Army, would soon be appointed as an Honorary Advisor to strengthen the department's technical capacity and execution capabilities. The Minister, who conducted an in-depth review of the long-pending Srisailam Left Bank Canal (SLBC) tunnel works, said that an estimated 4.8 kilometres of tunnel work remains to be completed. Calling SLBC a crucial lifeline for Telangana, he said its completion must be treated as a top priority and executed with urgency. SLBC tunnel work is being taken up using the latest electromagnetic survey technology in collaboration with the National Geophysical Research Institute (NGRI) and the Geological Survey of India (GSI), he said. To ensure precise planning and seamless execution, the Minister directed officials to expedite the aerial LIDAR survey. The Minister met earlier in the day with NGRI scientists to finalise the technical modalities of the survey. He reiterated that cost would not be a constraint, but quality and speed must be maintained at the highest standards. The meeting also marked the first formal interaction with Colonel Parikshit Mehra, a globally acclaimed tunnel engineering expert who has recently joined the Irrigation Department on deputation. The Minister expressed confidence that Mehra's expertise would help resolve long-pending technical challenges and fast-track the completion of SLBC and other key tunnel projects. UNI KNR GNK
Malaysian Reserve
10-07-2025
- Automotive
- Malaysian Reserve
May Mobility Launches Ride-Hail API, Signaling Readiness to Scale Autonomous Deployments Globally
— With the release of software updates, May Mobility readies for deployments in Atlanta this summer with Lyft and in Arlington, TX later this year with Uber – — Technology milestones further demonstrate May Mobility's Multi-PolicyDecision Making (MPDM) as a leading Autonomy-as-a-Service (AaaS) platformamong the world's top ride-hail companies – ANN ARBOR, Mich., July 10, 2025 /PRNewswire/ — May Mobility, a leading autonomous vehicle (AV) technology company, today announced the launch of the Ride-Hail Integration API. This development expands the company's Autonomy-as-a-Service (AaaS) offering, readying it for scale in urban markets on ride-hail platforms globally. The Ride-Hail Integration API is engineered to enable seamless connectivity between May Mobility's autonomous fleet and the consumer-facing ride-hail platforms utilized around the globe. This proprietary API facilitates the dynamic pick-up and drop-off routing ride-hail users expect, while ensuring that May Mobility's autonomous vehicles choose the optimal locations for riders to embark and disembark safely and conveniently. Importantly, the API provides a robust foundation for deployment of AVs at scale across multiple ride-hail platforms by ensuring that integrations with platform providers will be technically smooth and efficient around the world. These updates additionally incorporate May Mobility's capability to operate in both left- and right-hand driving geographies, facilitating May Mobility deployments in the U.S., Japan and future international locations. The Ride-Hail Integration API release is also supported with new autonomy enhancements to May Mobility's patented Multi-Policy Decision Making (MPDM) system to handle the complexities of urban environments. These upgrades improve the rider experience through: Advanced precision handling of narrow, city streets More human-like maneuvering around agents like double-parked cars Smoother accelerations and braking for more comfortable rides The milestone marks a key step as May Mobility prepares to launch with Lyft in and around Midtown Atlanta this summer, and a planned deployment with Uber later this year in Arlington, TX. May Mobility is the only U.S. AV company that has announced plans to launch on both major ride-hail platforms in 2025, and is one of just three providing commercial driverless trips on public roads in the U.S. May Mobility's ride-hail launches will start with standby operators this year before transitioning to driverless operations. May Mobility's vehicles are equipped with its patented Multi-Policy Decision Making (MPDM). MPDM distinguishes May Mobility from other AV technology players, whose systems fully rely on predefined scenarios and struggle when real-world situations don't exactly match. MPDM technology integrates LIDAR, RADAR and cameras to employ real-time, human-like reasoning to handle the unexpected on roads with AI-powered speed and precision. 'With today's software announcement, our riders will experience optimized pick-up and drop-off times and a smoother ride from beginning to end,' said Jacob Crossman, senior vice president of autonomy engineering at May Mobility. 'As the AV market moves from initial operations to broader availability, we are excited to bring thousands of AVs to the world's leading ride-hail platforms, helping riders experience greater safety and freedom of mobility.' About May MobilityMay Mobility is an autonomous vehicle (AV) technology company redefining the future of autonomy-as-a-service (AaaS). Leveraging its patented Multi-Policy Decision Making (MPDM) system, May Mobility built an industry-leading in-situ AI solution, which integrates real-time data every 200 milliseconds to ensure safety and efficiency, even in unpredictable situations. May Mobility's technology pairs live, online learning with traditional offline training, enabling rapid deployment in a fraction of the time. Operating on-demand vehicles across the U.S. and Japan, May Mobility delivers safer, more efficient transportation across diverse environments, including rural cities, dense urban areas and diverse weather conditions. Backed by strategic partnerships with industry leaders, including Toyota Motor Corporation and NTT, May Mobility is disrupting the autonomous vehicle industry with one of the most practical vehicle offerings available. The company has completed nearly half a million rides across 19 deployments worldwide. For more information, visit
