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A Tesla logo outside the company’s Tilburg Factory and Delivery Center.

Karol Serewis | Getty Images

Tesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June 27.

The Tesla account on social network X, which is also owned by Musk, shared a video overnight showing the Model Y traversing public roads in Austin, including highways, with no human in the driver’s seat or front passenger seat of the car.

Tesla did not say which version of its software and hardware had been installed and used in the car shown in the clip — or if and when that technology would be commercially available to its customers.

A Model Y owners’ manual, available on the Tesla website, says that in order to use Tesla’s Full Self-Driving (Supervised) option — which is the company’s most advanced, partially automated driving system available today — owners must keep their hands on the wheel, and remain ready to take over steering or braking at any time.

The vehicle in Tesla’s video was shown operating without a driver on the highway, passing through residential streets and around parking lots before arriving and stopping for a handoff to a customer. The buyer was waiting by the curb at an apartment building alongside Tesla employees, some sporting logo-emblazoned shirts. (The curb was painted red, indicating it is a no-stop fire lane.)

In 2016, Tesla shared an Autopilot video — known as the “Paint It Black” video — that had been staged in a manner which exaggerated its cars self-driving capabilities, depositions later revealed.

The National Highway Traffic Safety Administration (NHTSA) is investigating Tesla over possible safety defects in their FSD systems, and recently sought more information from the company about its robotaxi debut after its cars were seen violating some traffic rules. 

In posts on X on Friday, Musk wrote: “The first fully autonomous delivery of a Tesla Model Y from factory to a customer home across town, including highways, was just completed a day ahead of schedule!! Congratulations to the @Tesla_AI teams, both software & AI chip design!”

He also wrote, “There were no people in the car at all and no remote operators in control at any point. FULLY autonomous! To the best of our knowledge, this is the first fully autonomous drive with no people in the car or remotely operating the car on a public highway.”

Musk’s claim about the “first fully autonomous drive” on a public highway was not accurate. Alphabet-owned Waymo, which is already operating commercial robotaxi services across multiple U.S. cities, has been offering employees fully autonomous rides on Phoenix freeways since 2024, and has since expanded those rides to Los Angeles and San Francisco.

Head of AI at Tesla, Ashok Elluswamy, said in posts on X that the automaker “literally chose a random customer who ordered a Model Y in the Austin area” to participate. He also said the vehicle delivered is “exactly the same as every Model Y produced in the Tesla factory.”

Elluswamy also noted in a post on X that the Model Y in the driverless delivery traveled at a “max speed of 72 mph.” Most highways in Texas have a maximum speed limit of 70 miles per hour, according to the Texas Department of Transportation website.

We went to Texas for Tesla's robotaxi launch. Here's what we saw

Separately, Tesla began a robotaxi pilot program in Austin last weekend involving 10 to 20 of its Model Y SUVs equipped with technology, about which Tesla has revealed little to the public.

The Tesla robotaxi service is available only to select, invited riders who have mostly been influencers and analysts, many of whom generate income by posting Tesla-fan content on platforms like X and YouTube. The Tesla robotaxi vehicles run with a human safety supervisor on board in the front passenger seat, and are remotely supervised by employees in an operations center.

Since 2016, Musk has been promising that Tesla would soon be able to turn all of its existing EVs into fully autonomous vehicles with a simple, over-the-air software update. In his Master Plan, Part Deux, he outlined a future where every Tesla owner would be able to add their car to a “Tesla shared fleet just by tapping a button on the Tesla phone app,” enabling their car to generate income for them while they sleep.

In 2019, Musk said Tesla would have 1 million robotaxis on the road by 2020 — a claim that helped him raise $2 billion at the time from institutional investors.

While Tesla has not fulfilled those promises thus far, the driverless delivery in Texas this week has elicited excitement among believers in Musk and his vision.

Meanwhile, Tesla is battling a brand backlash in response to the CEO’s often incendiary political rhetoric, his endorsements of Germany’s far-right extremist party AfD, and his work for the Trump administration.

Tesla sales have declined year-over-year in key markets, especially throughout Europe, in the first five months of 2025 partly as a result of that backlash. The company is also facing increased competition from EV makers, particularly Chinese brands such as BYD, Nio and Xiaomi, offering more affordable and newer models.

Tesla is expected to disclose its second-quarter vehicle production and delivery numbers on July 2.

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Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

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Nvidia CEO Jensen Huang sells an additional .94 million worth of shares

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.

I-hwa Cheng | Afp | Getty Images

Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. 

Friday’s sale is part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to a separate SEC filing. The CEO began trading stock per the plan last month.

Surging demand for AI and the graphics processing units that power large language models has significantly boosted Huang’s net worth and pushed Nvidia’s market capitalization beyond $4 trillion, making it the world’s most valuable company.

Nvidia announced this week that it expects to resume sales of its H20 chips to China soon, following signals from the Trump administration that it would approve export licenses. Earlier this year, U.S. officials had stated that Nvidia would require special permission to ship the chips, which are specifically designed for the Chinese market.

“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement on Tuesday. Huang said during a news conference on Wednesday in Beijing that he wants to sell chips more advanced than the H20 to China at some point.

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Peter Thiel-backed cryptocurrency exchange Bullish files to go public on NYSE

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Peter Thiel-backed cryptocurrency exchange Bullish files to go public on NYSE

Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.

Marco Bello | Getty Images

The Peter Thiel-backed cryptocurrency exchange Bullish filed for an IPO on Friday, the latest digital asset firm to head for the public market.

The company, led by CEO Tom Farley, a veteran of the finance industry and former president of the New York Stock Exchange, said it plans to trade on the NYSE under the ticker symbol “BLSH.”

A spinout of Block.one, Bullish started with an initial investment from backers including Thiel’s Founders Fund and Thiel Capital, along with Nomura, Mike Novogratz and others. Bullish acquired crypto news site CoinDesk in 2023.

“In the first quarter of 2025, Bullish exchange executed over $2.5 billion in average daily volume, ranking in the top five exchanges by spot volume for Bitcoin and Ether,” the company said on its website. The prospectus listed top competitors as Binance, Coinbase and Kraken.

The IPO filing says that as of March 31, the total trading volume since launch has exceeded $1.25 trillion.

Read more CNBC tech news

The filing is another significant step for the cryptocurrency industry, which has fought for years to convince institutions to embrace digital assets as legitimate investments.

It’s already been a big year on the market for crypto offerings, highlighted by stablecoin issuer Circle, which has jumped more than sevenfold since its IPO in June. Etoro, an online trading platform that includes services for crypto investors, debuted in May.

Novogratz‘s crypto firm Galaxy Digital started trading on the Nasdaq in May, moving its listing from the Toronto Stock Exchange. And in June, Gemini, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, confidentially filed for an IPO in the U.S.

Meanwhile, investors continue to flock to bitcoin. The digital currency is trading at over $117,000, up from about $94,000 at the start of the year.

President Donald Trump, on Friday, signed the GENIUS Act into law — a set of regulations that establish some initial consumer protections around stablecoins, which are tied to assets like the U.S. dollar with the intent of reducing price volatility associated with many cryptocurrencies.

In its filing with the SEC, Bullish says its mission is partly to “drive the adoption of stablecoins, digital assets, and blockchain technology.”

Crypto industry players, including Thiel, Elon Musk, and President Trump’s AI and Crypto czar David Sacks spent heavily to re-elect Trump and have pushed for legislation that legitimizes digital assets and exchanges.

WATCH: Trump’s crypto plan

Trump's crypto reserve plan is 'incredibly bullish' for crypto as a whole, asset manager says

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Microsoft stops relying on Chinese engineers for Pentagon cloud support

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Microsoft stops relying on Chinese engineers for Pentagon cloud support

Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025.

Jason Redmond | AFP | Getty Images

Microsoft on Friday revised its practices to ensure that engineers in China no longer provide technical support to U.S. defense clients using the company’s cloud services.

The company implemented the changes in an effort to reduce national security and cybersecurity risks stemming from its cloud work with a major customer. The announcement came days after ProPublica published an extensive report describing the Defense Department’s dependence on Microsoft software engineers in China.

“In response to concerns raised earlier this week about US-supervised foreign engineers, Microsoft has made changes to our support for US Government customers to assure that no China-based engineering teams are providing technical assistance for DoD Government cloud and related services,” Frank Shaw, the Microsoft’s chief communications officer, wrote in a Friday X post.

The change impacts the work of Microsoft’s Azure cloud services division, which analysts estimate now generates more than 25% of the company’s revenue. That makes Azure bigger than Google Cloud but smaller than Amazon Web Services. Microsoft receives “substantial revenue from government contracts,” according to its most recent quarterly earnings statement, and more than half of the company’s $70 billion in first-quarter revenue came from customers based in the U.S.

In 2019, Microsoft won a $10 billion cloud-related defense contract, but the Pentagon wound up canceling it in 2021 after a legal battle. In 2022, the department gave cloud contracts worth up to $9 billion in total to Amazon, Google, Oracle and Microsoft.

ProPublica reported that the work of Microsoft’s Chinese Azure engineers is overseen by “digital escorts” in the U.S., who typically have less technical prowess than the employees they manage overseas. The report detailed how the “digital escort” arrangement might leave the U.S. vulnerable to a cyberattack from China.

“This is obviously unacceptable, especially in today’s digital threat environment,” Defense Secretary Pete Hegseth said in a video posted to X on Friday. He described the architecture as “a legacy system created over a decade ago, during the Obama administration.” The Defense Department will review its systems in search for similar activity, Hegseth said.

Microsoft originally told ProPublica that its employees and contractors were adhering to U.S. government rules.

“We remain committed to providing the most secure services possible to the US government, including working with our national security partners to evaluate and adjust our security protocols as needed,” Shaw wrote.

WATCH: Microsoft Security VP Vasu Jakkal talks cybersecurity with Jim Cramer

Microsoft Security VP Vasu Jakkal talks cybersecurity with Jim Cramer

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