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US chipmakers could see bigger tax credits if Trump’s spending bill passes

In Brief The semiconductor industry could see a big tax benefit if the Trump administration is able to pass the current version of its spending bill. The latest draft of the Trump administration’s “Big, Beautiful Bill,” which already passed in the Senate, will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25% to 35%, as originally reported by CNBC. Companies including Intel, TSMC, and Micron Technology could reap these benefits if they continue to expand t

Spain and Brazil push global action to tax the super-rich and curb inequality

Presented during the UN’s 4th International Conference on Financing for Development – taking place this week in Sevilla, Spain – the proposal highlights a growing problem: the richest individuals often contribute less to public finances than ordinary taxpayers, thanks to lower effective tax rates and legal loopholes. “Our countries need more and more public revenues to meet their needs. Inequality is a problem everywhere and the richest pay less than the middle class – even less than lower-inco

The GOP’s big spending bill could kill renewable energy projects

is a senior science reporter covering energy and the environment with more than a decade of experience. She is also the host of Hell or High Water: When Disaster Hits Home , a podcast from Vox Media and Audible Originals. Senate Republicans today passed a sweeping spending bill that narrowly avoided punitive tax measures on renewable energy but still threatens to stall its growth in the US. After wrangling over hundreds of amendments for more than 24 hours in a so-called “vote-a-rama” on Monda

The Senate Just Put Clean Energy for AI in the Crosshairs

After more than a day of continuous debate, the US Senate passed its version of the budget megabill Tuesday afternoon—with potentially disastrous implications for the future of renewable energy in the country. Among a barrage of bad news for climate initiatives, including a new tax credit for coal and the sunsetting of electric vehicle tax credits, the bill forces an aggressive cutoff for tax credits for wind and solar. The bill ends credits for projects placed in service—a term meaning, essent

GOP wants EV tax credit gone; it would be a disaster for Tesla

The Republican Party's opposition to tax credits for electric vehicles has stepped up a notch. As its members in the US Senate add their input to the budget bill that came from their colleagues in the House of Representatives, among the changes they want to see is a faster eradication of the IRS clean vehicle tax credit. The tax credit provides up to $7,500 off the price of an EV as long as certain conditions are met, and the language from the House would have given it until the end of the year.

First Tesla Drives Autonomously From Dealer to Buyer's House, Ends in Embarrassing Flub

On Saturday, Tesla announced that it had made the world's first fully driverless delivery of a car, achieving a key promise Elon Musk had made ahead of the rocky launch of his robotaxi service. In a promotional video shared by the automaker, a Model Y rolls out of Tesla's Gigafactory in Austin, Texas. With no one inside, the gleaming EV drives itself across highways and city streets until finally reaching its new owner's apartment, making automotive history in the process. All's well — except

Joby Aviation stock pops 12% after company delivers first flying taxi to UAE

An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Joby Aviation stock soared about 12% as the flying air taxi maker got closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, or eVTOL, company said Monday that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region. "Our flights and operational footprint in Dubai ar

Topics: air dubai joby taxi uae

Joby Aviation stock pops 12% after delivering first flying taxi to UAE

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Joby Aviation stock soared about 12% as the flying air taxi maker got closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, or eVTOL, company said Monday that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region. "Our flights and operation

Joby Aviation stock pops 14% after delivering first flying taxi to UAE

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Joby Aviation stock soared about 14% as the flying air taxi maker got closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, or eVTOL, company said Monday that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region. "Our flights and operation

Trump’s tariff threat pushes Canada to scrap digital services tax

In a sudden reversal, Canada has caved and will remove its digital services tax after trade talks with the US suddenly fell apart this weekend. Blocked just hours before taking effect, the controversial digital services tax (DST) would have charged big US tech companies like Apple, Google, and Meta a 3 percent tax on all digital services revenue earned from Canadian users. Frustrating US tech giants, Canada also sought to collect retroactive taxes dating back to 2022. Over the weekend, Donald

Canada drops Big Tech tax to appease Trump

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Canada has scrapped its tax targeting Big Tech companies in the US after President Donald Trump threatened to cut off trade talks in response to the fee. On Sunday, the Canadian government announced that it will no longer implement the Digital Services Tax as it works to reach a trade deal with the US by July 21st. The Digital Services Tax would’ve

The Download: meet RFK Jr’s right-hand man, and inside OpenAI

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Donald Trump claims to have found buyers for TikTok But will China agree to sell to them? That’s the real hurdle. (FT $) + They have between now and the September 17 deadline to thrash it all out. (CNBC) 2 The Trump administration is becoming even more secretive Staff are being instructed to avoid leaving a paper trial at all costs. (WP $) 3 Canada has rescinded

‘We are the media now’: why Tesla’s robotaxis were dominated by Elon Musk superfans

Over the years, Tesla has built part of its reputation on hosting big, bold events to generate authentic hype for upcoming releases. The robotaxi launch in Austin, Texas, last week wasn’t one of them. Coverage of the rollout was dominated by a close-knit cohort of Tesla influencers and Elon Musk superfans, many of whom are openly supportive of the CEO’s vision. Journalists and tech bloggers who might have been more critical of the technology were not only excluded but also actively ridiculed an

G7 agrees to exempt U.S. multinationals from global minimum tax

The Group of Seven nations said on Saturday (June 28, 2025) they have agreed to exempt U.S. multinational companies from a global minimum tax imposed by other countries — a win for President Donald Trump's government, which pushed hard for the compromise. The deal will see U.S. companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G7 said in a statement released by Canada, which holds the group's rotating presiden

Tesla shows off its first fully autonomous delivery to convince us its self-driving cars work well

Tesla's robotaxi service may have had some early hitches, but the company said it just successfully delivered a car autonomously. Using the same robotaxi technology, Tesla showed the delivery process of a Model Y from its Gigafactory Texas in Austin to a customer with a roughly 30-minute journey as seen in a video posted on X. Unlike the robotaxi service launch last week, the automated delivery had no safety monitor, nor anyone behind the wheel. Tesla's CEO, Elon Musk, also posted on X that the

Tesla shows off its first fully autonomous delivery to convince us its self-driving cars work

Tesla's robotaxi service may have had some early hitches, but the company said it just successfully delivered a car autonomously. Using the same robotaxi technology, Tesla showed the delivery process of a Model Y from its Gigafactory Texas in Austin to a customer with a roughly 30-minute journey as seen in a video posted on X. Unlike the robotaxi service launch last week, the automated delivery had no safety monitor, nor anyone behind the wheel. Tesla's CEO, Elon Musk, also posted on X that the

Trump ends trade talks with Canada over a digital services tax

President Donald Trump said the US is ending trade talks with Canada, effective immediately, over a tax on digital services that will impact American tech companies. He also pledged to announce further tariffs on Canada within the next week, adding in a Truth Social post that "they will be paying to do business with the United States of America." Canada's digital services tax (DST) is set to take effect on June 30, though it will be applied retroactively. According to The New York Times , US co

Trump Kills Trade Talks With Canada After It Hits U.S. With Digital Services Tax

President Donald Trump announced on Friday that he is terminating all trade talks with Canada after the country decided to move forward with a digital services tax on U.S. tech companies like Meta. The president, who also mentioned high dairy tariffs, called Canada “a very difficult Country to TRADE with,” in a Truth Social post. Trump characterized the digital services tax as a “direct and blatant attack on our Country.” The new Canadian measure imposes a 3% tax on digital services revenue mad

The First Week of Tesla's Robotaxis Has Been a Disaster

While autonomous vehicle companies like Waymo and Baidu clock hundreds of thousands of self-driving taxi trips, Tesla is lagging far behind. We're now one week into the EV giant's robotaxi pilot in Austin — a program Elon Musk has teased for over a decade — and it's going about as horribly as expected. Citizens who've braved the robotaxi program have flooded social media this week with videos and tales of their harrowing experiences. The footage ranges from one Tesla veering into an oncoming l

Tesla Robotaxi Safety Monitor Forced to Clamber Into Driver's Seat and Take Over, Passenger Says

Earlier this year, Elon Musk promised that Tesla's robotaxis would launch offering fully "unsupervised" rides with "no one in the car." That turned out to be a lie. And less than a week into the robotaxi service's debut, which is currently limited to a tiny geofenced area in Austin, Texas, it's already become apparent that the self-driving cars are very much reliant on the human supervisors — or "safety monitors" — that Musk was adamant he wouldn't need. In an incident shared on Wednesday, a p

Video Shows Tesla "Safety Monitor" Hitting Panic Button as Robotaxi Becomes Confused on Public Road

That could've been a lot worse. Tesla's extremely questionable Robotaxi launch has already seen some of its cars violate traffic laws. Now, new footage shows a Tesla robotaxi screwing up so badly that its human "safety monitor" is forced to hit the panic button — which is actually a touchscreen menu, in true tech industry fashion — heaping even more scrutiny onto the self-driving vehicles' capabilities. The footage, spotted by Teslarati, was taken by pro-Tesla influencer and investor Dave Lee

Tesla Stock in Tailspin After Error-Plagued Robotaxi Debut

Things are veering way off the road for Tesla. In the wake of the long-awaited Robotaxi rollout in Austin, Tesla stock saw an initial bump — but those gains weren't able to withstand the ample bad press the autonomous cabs have gotten in the few days they've trawled Texas streets. On Tuesday, the botched Robotaxi launch led Tesla stock to drop more than four percent and nearly $15 in a single day. That falloff came after videos emerged showing the driverless cabs — which also, embarrassingly,

Thoughts on Asunción, Paraguay

Almost two years ago I recorded a podcast with Tomás Mandl on his book Modern Paraguay: Uncovering South America's Best Kept Secret. If you have been following me since then you might already know that Friedrich Nietzsche’s sister moved to Paraguay with her husband to start a new German Colony to advance Nazi ambitions of Aryan supremacy. Perhaps, you already know that Alfredo Stroessner, the military dictator of Paraguay for 35 years (the longest Western Hemisphere Cold War dictator apart from

Government Alarmed by Videos of Tesla Robotaxis Immediately Breaking Road Laws

Tesla is already in hot water over its Robotaxi rollout in Austin. As Bloomberg reports, the National Highway Traffic Safety Administration (NHTSA) contacted Tesla just a single day after its Robotaxi launch over apparent traffic violations captured on video and posted to social media. Since Sunday, the Elon Musk-owned electric carmaker has been offering autonomous rides, albeit with a human safety monitor, to a select few individuals willing to pay for the novelty. As videos taken in the wake

Tesla Robotaxi Terrifyingly Jerks Wheel Back and Forth While Carrying Passenger

Tesla's Robotaxi service is finally, actually here. And for the most part, the launch, which took place this weekend, has been pretty uneventful. A spate of Tesla "influencers" have already uploaded videos of their first rides depicting the driverless cabs — though not supervisor-less, as each one comes with a human "safety monitor" silently riding shotgun — roaming the streets of Austin, Texas. Nothing to write home about. Except for at least one genuinely bizarre incident. In a video uploaded

Tesla robotaxi incidents caught on camera in Austin draw regulators' attention

A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, on June 22, 2025 Tesla was contacted by the National Highway Traffic Safety Administration on Monday after videos posted on social media showed the company's robotaxis driving in a chaotic manner on public roads in Austin, Texas. Elon Musk's electric vehicle maker debuted autonomous trips in Austin on Sunday, opening the service to a limited number of riders by invitation only. In the videos shared widely onli

Tesla’s robotaxis have already caught the attention of federal safety regulators

Federal safety regulators have reached out to Tesla a day after the automaker began providing rides in its branded robotaxis in Austin. The U.S. National Highway Traffic Safety Administration contacted Tesla after numerous videos posted online appear to show Tesla robotaxis violating traffic laws in South Austin, where the company is providing rides to invited customers. Bloomberg was the first to report that NHTSA reached out to Tesla. NHTSA confirmed to TechCrunch that is has contacted the au

Tesla stock pops 8% as Musk touts 'successful' robotaxi Austin launch

A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, on June 22, 2025. Tesla 's Model Y robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up 8% on Monday. The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited number of riders by invitation only. Those invited included longtime Tesla fans, promoters and shareholders, many of whom generate income from posting Tesla- and Musk-related social media content on

Tesla's first robotaxi rides are already running into a few bumps

Tesla launched its robotaxi service over the weekend, with only a small number of cars and heavy human supervision on and off the road. While less impressive than previously promised, the company's caution ultimately seems for the best — at least one robotaxi attempted to drive on the wrong side of the road, based on a video posted to X and spotted by Bloomberg. The ride video shared by Rob Maurer is largely uneventful, with the Tesla navigating turns and lane merges with few issues. Except for