Tesla Expands Robotaxi Service to Cover Half of US Population by Year-End

Thursday, Jul 24, 2025 9:25 am ET2min read

Tesla expands robotaxi service to cover half of the US population by year-end, pending regulatory approvals. Broadcom faces EU legal challenge over VMware acquisition. T-Mobile US raises 2025 postpaid net additions guidance to 6.4 million, driven by strong growth in both urban and rural markets. Crown Castle increases 2025 outlook to 4.7% organic growth, citing efficiency gains in its tower business. Hasbro raises 2025 revenue and margin guidance, driven by strong performance in its Wizards of the Coast segment. CSX Corporation signals the launch of its double stack intermodal service in Q4. QuantumScape extends its cash runway into 2029 through an expanded deal with Volkswagen's PowerCo. Pfizer is facing lawsuits in the US over alleged cancer risks linked to its Depo-Provera contraceptive injection. City Office REIT announced a merger agreement with MCME Carell, valuing the transaction at approximately $1.1 billion.

Tesla Expands Robotaxi Service to Cover Half of the US Population by Year-End

Tesla has set an ambitious goal to expand its Robotaxi service to cover half of the US population by the end of 2025, pending regulatory approvals. During Tesla's Q2 2025 financial results call, CEO Elon Musk claimed that the service would reach this milestone, noting that regulatory hurdles could be the most significant barrier to scaling [1]. Currently, the Robotaxi service is operational in a limited area of Austin, Texas, with a fleet of 10-20 Model Y vehicles [2]. Musk also mentioned that the Bay Area would be the first market for expansion, with initial phases requiring a driver in the vehicle [2].

Broadcom Faces EU Legal Challenge Over VMware Acquisition

Broadcom Inc.'s $61 billion acquisition of VMware Inc. is facing scrutiny from the European Union. A cloud computing group, CISPE, has contested the EU's approval of the deal, arguing that Broadcom has abused its market power by raising prices and imposing restrictive licensing terms [3]. The EU court will soon hear the case and determine whether the EU regulators should revisit their approval decision [3].

T-Mobile US Raises 2025 Postpaid Net Additions Guidance

T-Mobile US has raised its 2025 postpaid net additions guidance to 6.4 million, driven by strong growth in both urban and rural markets [4]. This update reflects the company's continued investment in network infrastructure and customer acquisition strategies.

Crown Castle Increases 2025 Outlook to 4.7% Organic Growth

Crown Castle International Corporation has increased its 2025 outlook to 4.7% organic growth, citing efficiency gains in its tower business [4]. This positive outlook indicates the company's strong performance in the tower rental market.

Hasbro Raises 2025 Revenue and Margin Guidance

Hasbro Inc. has raised its 2025 revenue and margin guidance, driven by strong performance in its Wizards of the Coast segment [4]. This segment includes popular brands like Magic: The Gathering and Dungeons & Dragons.

CSX Corporation Signals Double Stack Intermodal Service Launch in Q4

CSX Corporation has signaled the launch of its double stack intermodal service in the fourth quarter of 2025 [4]. This service aims to enhance efficiency and capacity in the intermodal transportation sector.

QuantumScape Extends Cash Runway into 2029

QuantumScape has extended its cash runway into 2029 through an expanded deal with Volkswagen's PowerCo [4]. This deal provides additional funding and strategic support for QuantumScape's battery technology development.

Pfizer Faces Lawsuits Over Alleged Cancer Risks Linked to Depo-Provera

Pfizer is facing lawsuits in the US over alleged cancer risks linked to its Depo-Provera contraceptive injection [4]. These lawsuits allege that the drug may cause cancer in some users, raising concerns about the safety and efficacy of the product.

City Office REIT Announces Merger Agreement with MCME Carell

City Office REIT has announced a merger agreement with MCME Carell, valuing the transaction at approximately $1.1 billion [4]. This merger is expected to create a larger real estate investment trust, focusing on the office sector.

References:

[1] https://electrek.co/2025/07/23/elon-musk-with-straight-face-tesla-robotaxi-will-cover-half-us-population-end-year/
[2] https://sea.mashable.com/transportation/38722/tesla-wants-to-offer-robotaxis-to-half-the-population-of-the-us-by-the-end-of-2025
[3] https://www.bloomberg.com/news/articles/2025-07-24/broadcom-s-61-billion-vmware-buyout-hit-by-eu-court-challenge
[4] https://www.bloomberg.com/news/newsletters/2025-07-24/us-trade-talks-overshadow-eu-china-climate-pledge

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