Tesla CEO Elon Musk has said a robot business will be worth more than its cars, and on Friday investors, customers and potential workers expect to see a prototype at Tesla's "AI Day" that could prove whether the bot named "Optimus" is ready for work. The robot will be the star of the AI show, but Musk is also expected to discuss Tesla's long-delayed self-driving technology. In May, Musk said that the world's most valuable carmaker would be "worth basically zero" without achieving full self-driving capability, and it faces growing regulatory probes, as well as technological hurdles.
British electric van and bus maker Arrival said on Friday it had missed its third-quarter target to start van production because of supply chain problems, but was on target to meet its goals for the end of 2022. "The supply chain is broken and we're a new company," chief executive Denis Sverdlov told Reuters. Arrival and other commercial electric vehicle (EV) startups are burning through cash as they race to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers instead.
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