The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street.
The court ruled that it was unconstitutional to bar state agencies from investing with firms that the state had accused of boycotting the oil industry.
The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.
Falling car sales have taken a toll on Tesla’s net profit. The company announced Wednesday that it would stop producing its S and X model cars within months.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
A General Motors factory in Spring Hill, Tenn. G.M. said on Tuesday it planned to introduce a more advanced version of its Super Cruise driver assistance system in 2028.
Battery assembly at a General Motors facility in Spring Hill, Tenn. Electric cars have become more difficult to sell since the elimination of federal tax credits last year.
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