Tech
Las Vegas Exteriors And Landmarks - 2024
View from inside the Vegas Loop (Aaron P./GC Images)
Tunnel Vision

Tesla gets permit to test autonomous cars in Nevada as autonomous driving heats up there

Amazon’s self-driving Zoox launched service this week, and Google’s Waymo is testing there.

Rani Molla

Tesla now has a permit to test its autonomous vehicles in Nevada, according a report yesterday from Tesla influencer Sawyer Merritt that was confirmed by TechCrunch.

Nevada, which has a lower barrier to entry for autonomous driving than states like California, is about to become a new hotbed for autonomous ride-hailing services.

Earlier this week, Amazon launched its self-driving Zoox service to the public for free at several locations along the Strip.

Google’s Waymo, which already has an operational autonomous vehicle service in five cities, announced at the beginning of the year that it would begin testing in Vegas in 2025.

Tesla currently operates a ride-hailing service with a regular human driver within four miles of tunnels below the city called the Vegas Loop, dug by the Elon Musk-founded Boring Company. When Sherwood News tried the service earlier this week, only two drivers were available to shepherd ride-seekers between several nearby resorts. After waiting about 15 minutes for our ride to arrive after being quoted three minutes, we wound up stopped at a red light underground behind the only other operational Tesla.

Tesla has been working on expanding the tunnels to more locations, including the airport, but had to suspend that activity yesterday after a worker “sustained a crushing injury.” A Vegas Loop employee told Sherwood it plans to open the route to the airport in January.

Tesla, which already sends cars autonomously through Boring Company tunnels at its factories, recently began testing supervised full self-driving within the Vegas tunnels, though the driver we rode with had doubts the cars could employ full self-driving tech properly in the tight tunnels underground.

Tesla currently operates only about 30 autonomous vehicles with a safety monitor in the passenger seat in Austin, Texas. It has autonomous testing permits now in Nevada and California (with a driver), and has applied for such permits in Arizona.

Tesla of course has big hopes and a rapid timeline for its autonomous deployment, which the company has said is central to its future.

“I think we’ll probably have autonomous ride-hailing in probably half, half of the population of the US by the end of the year,” Musk said during the company’s second-quarter earnings call in July. “That’s at least our goal, subject to regulatory approvals.”

More Tech

See all Tech
tech

Intel romps amid reported attempt to poach a 21-year Taiwan Semiconductor veteran

A report in the Taiwanese press that Intel is attempting to recruit a recently retired top Taiwan Semiconductor executive, Wei-Jen Lo, to lead R&D at Intel’s troubled foundry division may account for the bump in Intel shares Tuesday, one analyst told us.

A synopsis of the report from technology analysis and news outlet TrendForce News notes:

“If confirmed, the move could have significant implications for TSMC and the broader Taiwanese semiconductor industry, especially as Intel aggressively expands its foundry business with support from Washington and backing from tech giants like NVIDIA and SoftBank, the report adds.”

But some skepticism about Lo, 75 years old, returning to Intel, where he worked before joining TSMC in 2004, is also warranted, TrendForce says:

“Industry insiders cited by the report say it is unlikely he would join Intel again, given TSMC’s non-compete rules, Intel’s status as a direct competitor, Lo’s advanced age, health considerations, and his long-standing loyalty to TSMC founder Morris Chang. On the other hand, some industry observers warn that Lo, a U.S. citizen, would be difficult for TSMC to restrict, even with non-compete clauses.”

Intel shares have doubled over the last three months, since the US government took a 10% stake in the company in August. Intel is the best-performing stock in the S&P 500 over that period.

“If confirmed, the move could have significant implications for TSMC and the broader Taiwanese semiconductor industry, especially as Intel aggressively expands its foundry business with support from Washington and backing from tech giants like NVIDIA and SoftBank, the report adds.”

But some skepticism about Lo, 75 years old, returning to Intel, where he worked before joining TSMC in 2004, is also warranted, TrendForce says:

“Industry insiders cited by the report say it is unlikely he would join Intel again, given TSMC’s non-compete rules, Intel’s status as a direct competitor, Lo’s advanced age, health considerations, and his long-standing loyalty to TSMC founder Morris Chang. On the other hand, some industry observers warn that Lo, a U.S. citizen, would be difficult for TSMC to restrict, even with non-compete clauses.”

Intel shares have doubled over the last three months, since the US government took a 10% stake in the company in August. Intel is the best-performing stock in the S&P 500 over that period.

Sunny blue sky with large storm clouds in spring.

This earnings season, all eyes are on cloud revenue growth

AI computing demand is generating huge revenue streams for hyperscalers, but the market is closely watching the pace of growth, which is slowing.

Jon Keegan10/28/25
tech
Jon Keegan

Nokia surges as Nvidia invests $1 billion in company, a 2.9% stake

Nvidia is taking a 2.9% stake in Nokia, as the Finnish mobile networking company has successfully pivoted to AI and data center technology.

In a press release announcing the deal, Nokia said:

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.