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Uber Is Going All-in on Robotaxis

By the end of this decade, your next Uber ride might not have a driver at all. At least, that’s what Uber wants you (and its investors on Wall Street to believe.) Uber announced a new partnership today with luxury electric vehicle maker Lucid and the robotics company Nuro. Under the agreement, Uber plans to deploy a fleet of at least 20,000 Lucid Gravity SUVs equipped with Nuro’s self-driving technology over the next six years. The robotaxi service is expected to launch in a yet unnamed major U

NYC's office-to-residential conversions could create 17,000 new homes

Pfizer World Headquarters is becoming 1,500 apartments. Photo via WikiCommons New York City’s first wave of office-to-residential conversions could yield over 17,000 new apartments, highlighting the potential for such projects to help ease the city’s housing shortage, according to a new report. Published on Thursday by City Comptroller Brad Lander, the report finds that 44 office conversions initiated after the pandemic could transform 15.2 million square feet of office space into as many as 17

Uber's latest robotaxi plan involves 20,000 Lucid EVs

Uber is investing hundreds of millions of dollars in Nuro and Lucid, the latest step in the company’s plan to build an extensive robotaxi program that can roll out globally. Uber’s partnership with EV manufacturer Lucid will see it deploy at least 20,000 of the Newark-based company’s vehicles over a period of six years. These will be equipped with the AI-powered Nuro Driver autonomous technology. The vehicles will be owned and operated by Uber or one of its third-party partners, and the service

Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company

Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up with Lucid , the electric vehicle maker, and Nuro, an autonomous vehicle startup. Under the agreement, Uber will invest $300 million in Lucid. Nuro will develop the self-driving technology that Lucid will use to supply Uber with robotaxis over the course of the deal and receive

DOGE Put Free Tax Filing Tool on Chopping Block After One Meeting With Lobbyists

When the so-called Department of Government Efficiency (DOGE) arrived at the Internal Revenue Service earlier this year, leaders of the group reassured workers that the agency’s free tax filing tool, Direct File, would be spared from cuts. But only a few days after meeting with tax software lobbyists, the beloved tool was placed on the chopping block, multiple sources familiar tell WIRED. The plans to potentially kill Direct File, the free tax filing tool developed by the IRS which services 25

Topics: direct file free irs tax

Last Call for the $7,500 EV Tax Credit: It Expires in September

Car dealers are always advertising that now is the best time to buy, but if you're in the market for an electric vehicle, now might actually be the best time to buy. The reason: Congress voted to pull the plug early on a massive tax incentive that could save buyers up to $7,500 on new EVs. Instead of expiring in 2032, the tax break now ends Sept. 30 of this year. An EV you buy in October or later won't qualify. The move by congressional Republicans and signed by President Donald Trump was desi

Topics: buy credit ev evs tax

Bank Warns That Robotaxi Companies May Have Overlooked Severe Obstacles to Actually Making Money

Bank Warns That Robotaxi Companies May Have Overlooked Severe Obstacles to Actually Making Money They're not convinced. Cost Benefit As Elon Musk's Tesla triples down on an autonomous ridehailing service, analysts are ringing the alarm bells, warning that even if the technology were swiftly perfected, it could take many years for robotaxis to become profitable. As Business Insider reports, analysts at HSBC warn that the market for driverless taxis — if there even is one — is being "widely ov

EU likely to shelve digital tax plan that would target Apple and other Big Tech companies

Just ahead of its next multi-year budget proposal, the European Commission is walking back plans to impose a digital tax on Big Tech companies, handing a win to both U.S. tech giants like Apple and Meta, and to President Trump. Out with the digital tax, in with a few more Initially pitched as a way to help repay the EU’s shared pandemic-era debt, the digital levy was floated in May and appeared in internal drafts of the bloc’s next seven-year budget, now expected to be published by the Europea

How to Use Clean Energy Tax Credits Before They Disappear

This story originally appeared on Grist and is part of the Climate Desk collaboration. The “one big beautiful bill” that President Donald Trump signed into law on July 4 is set to upend many aspects of American life, including climate policy. The law, which Republicans backed en masse, not only derails the nation’s efforts to reduce greenhouse gas emissions, it could also strike a blow to consumers’ pocketbooks. From a climate perspective, the legislation’s most significant rollbacks are aimed

Dutch Childcare Benefits Scandal

2005–2019 false allegations of fraud The typical red-and-white envelopes used by the Benefits agency, previously part of the Belastingdienst The Dutch childcare benefits scandal (Dutch: kinderopvangtoeslagaffaire or toeslagenaffaire, lit. '[childcare] benefits affair') is a political scandal in the Netherlands involving false allegations of welfare fraud by the Tax and Customs Administration (Belastingdienst) against thousands of families claiming childcare benefits.[1][2] Between 2005 and 20

Some arguments against a land value tax (2024)

To many people, the land value tax (LVT) has earned the reputation of being the "perfect tax." In theory, it achieves a rare trifecta: generating government revenue without causing deadweight loss, incentivizing the productive development of land by discouraging unproductive speculation, and disproportionately taxing the wealthy, who tend to own the most valuable land. That said, I personally think the land value tax is overrated. While I'm not entirely against it—and I think that several of th

Topics: land lvt people tax value

Tesla is already trying to expand its robotaxi service to Arizona

Tesla has applied to test and operate autonomous vehicles in Arizona in a bid to bring its fledgling robotaxi service to the Metro Phoenix area, the state’s Department of Transportation confirmed to TechCrunch. Tesla contacted the Motor Vehicle Division (MVD) under the Arizona Department of Transportation on June 26 to begin the certification process, a spokesperson said in an emailed statement. The company, which launched a limited robotaxi service in South Austin last month, expressed interes

Tesla is already trying to expand its Robotaxi service to Arizona

Tesla has applied to test and operate autonomous vehicles in Arizona in a bid to bring its fledgling robotaxi service to the Metro Phoenix area, the state’s Department of Transportation confirmed to TechCrunch. Tesla contacted the Motor Vehicle Division under the Arizona Department of Transportation on June 26 to begin the certification process, a spokesperson said in an emailed statement. The company, which launched a limited robotaxi service in South Austin last month, expressed interest in o

Tesla moves to expand Robotaxi to Phoenix, following rival Waymo

Elon Musk's Tesla has applied to test and eventually deploy its Robotaxi vehicles in Phoenix, Arizona, following in the footsteps of market leader Waymo. Tesla has applied to conduct autonomous vehicle testing and operations, with and without human safety drivers on board, in Arizona, a spokesperson for the Arizona Department of Transportation told CNBC on Thursday. A decision on the application is expected at the end of July, and Tesla has "expressed interest in operating within the Phoenix Me

Life after two-stroke: Rotax electrifies its bike and kart powertrains

Rotax provided flights from San Francisco to Salz, Austria, and accommodation so Ars could visit its factory and ride some of its products. Ars does not accept paid editorial content. "There was always a passion about motorbikes. But it's not only passion, it also needs to be a sustainable business model," Mario Gebetshuber, BRP-Rotax vice president of global sourcing and operations powertrain, told Ars Technica during a tour of the company's museum of motors over the decades. Gebetshuber says

Musk says Tesla is expanding Austin robotaxi service, adding Grok to cars

A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. Tesla CEO Elon Musk said the company is expanding its robotaxi service area and bringing xAI's Grok to vehicles as it rolled out a new iteration of the artificial intelligence chatbot. Shares gained about 3%. Musk said on X that Grok, his AI chatbot that praised Adolf Hitler and posted a barrage of antisemitic comments recently, will be available in Tesla vehicles "next week

Reckless Footage Shows Tesla Robotaxi Careening Through Heavy Rain at High Speed

Terrifying new footage shows a Tesla robotaxi ripping through partially flooded streets in Austin, Texas. The clip, which went viral on the r/SweatyPalms subreddit over the weekend, shows the modified Model Y blasting past human-operated vehicles that are operating with far more caution — while passing on the right lane, a no-no for prudent drivers. "That dude is leaving a permanent hand print on that door handle," one Reddit user joked, referring to the person in the driver's seat holding on

Tesla Fans Rage Against Elon Musk as They Lose Money on Polymarket After Doing Exactly What He Told Them to Do

Elon Musk's fanboys are furious at the billionaire for giving them bad betting advice on Polymarket. Back when there was still a slight chance that Tesla might pull off a public Robotaxi launch by the end of June, the multi-hyphenate billionaire prognosticated on X-formerly-Twitter that betting against the haters on the crypto-based prediction platform would be a "money-making opportunity." Obviously, that didn't happen — the program remains glitchy and not open to the public — and now that th

Tesla Robotaxi Rider Gets Bizarre Call Saying She Has to Exit Vehicle Immediately

YouTuber and Elon Musk stan Ellie Sheriff had a bizarre experience during her first Tesla robotaxi ride in Austin, Texas. As seen in a video she shared on her channel, "Ellie in Space," over the weekend, Sheriff got a strange call from the EV maker mid-ride, asking her and her fellow passenger to literally leave the vehicle due to incoming weather. "So we had to get out of the robotaxi, because weather is coming in," Sheriff said in the video while standing in the middle of a windy field. The

A Tesla robotaxi inexplicably drove into a parked car

One of Tesla's fully autonomous robotaxis grazed a parked car after completing a ride recently in Austin, Texas. In a video recorded by YouTuber DirtyTesla, a self-driving Model Y is seen turning and accelerating into a Toyota, making light contact with its tire. As seen in the video, the Model Y already dropped off its passenger, but had trouble navigating out of the dark alleyway afterwards. Tesla's robotaxi service launched in Austin just two weeks ago with a small fleet. According to DirtyT

OBBB signed: Reinstates immediate expensing for U.S.-based R&D

Breaking News – July 3, 2025 Today, the House passed the Senate’s version of the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy. The signing reflects a major pivot in legislative priorities toward domestic production and pro-business tax policy. The new law restores 100% bonus depreciation, reinstates immediate expensing for U.S.-based R&D, terminates dozens of Inflation Reduction Act (IRA) clean energy programs, and permanently extends individual ta

The Great American EV Fire Sale Is About to Begin

If you are thinking about buying an electric vehicle, the clock is now ticking. President Donald Trump’s “One Big Beautiful Bill” has officially passed Congress, and with it, a countdown that will kill the popular $7,500 federal tax credit for new electric vehicles. You now have less than three months to act. The tax credit officially expires on September 30, 2025. Initially, there were rumors the EV credits would last 180 days from when the bill was signed, a six-month grace period. This law

Congress passes budget to expand mass deportations, cut social services, and stall clean energy

The Republican-controlled US Congress has passed a budget bill that includes cuts to social programs like Medicaid and more funding for Immigrations and Customs Enforcement (ICE), alongside provisions that discourage wind and solar energy production. Passed after a marathon debate in both houses, it will allow President Donald Trump to realize policy goals he’s so far attempted to push through executive orders and Elon Musk’s Department of Government Efficiency (DOGE). Trump intends to sign the

Experts Say the Actual Value of Tesla's Stock Is a Ticking Time Bomb

If a recent rally in the company's share price is any indication, investors are buying Tesla CEO Elon Musk's vision of leaning into autonomous driving and a robotaxi service. The company's shares rose almost four percent on Wednesday, despite the company revealing that it had sold 14 percent fewer cars in Q2 of this year compared to the same period last year, the biggest drop in Tesla's history. Analysts were forecasting an even worse performance, indicating there's still plenty of enthusiasm.

Final GOP bill kneecaps renewables and hydrogen but lifts nuclear and geothermal

Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act (IRA). The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature. Trump is expected to sign it. Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear and geothermal see some IRA benefits preserved. The final bill is largely what emerged from the Senate Finance Committee in mid-Jun

Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal

Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act. The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature. Trump is expected to sign it. Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear and geothermal see some IRA benefits preserved. The final bill is largely what emerged from the Senate Finance Committee in mid-June, tho

Tesla Bros Are Begging Polymarket to Change the Rules So Elon Musk's Disastrous Robotaxi Launch Doesn't Lose Them a Ton of Money

Tesla bros, it turns out, can be pretty sore losers. On the crypto-based prediction hub Polymarket, some of the automaker's diehards can't accept that they're about to lose a boatload of money after betting that their hero Elon Musk would launch a public robotaxi service in June. Which he didn't, by the way; the trial is limited to a few people with an invite, and beyond that, the most notable thing it's accomplished was earn the attention of federal regulators for flubs like violating traffic

Double Is Winding Down

Double is a registered investment adviser with the US Securities and Exchange Commission (SEC). While such registration does not imply a certain level of skill, it does require us to follow federal regulations that protect you, the investor. By law, we must provide investment advice that is in the best interest of our client. Please refer to Double'sfor important additional information.The publicly available portions of the Platform (i.e., the sections of the Platform that are available to indiv

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