TNB Tech Minute: Tesla Delays Robotaxi Rollout
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and the market. Learn more at Anaplan.com. Here's your TNB Tech Minute for Wednesday, June 11th. I'm Victoria Craig for The Wall Street Journal. It was choppy trading on Wall Street today for shares of Elon Musk's Tesla. The company's billionaire CEO announced on X that the long-anticipated launch of its robo-taxi service in Austin is delayed from tomorrow to June 22nd.

He said that date is also subject to change because Tesla is, quote, Tesla shares ended the day little changed, but have this week clawed back most of their losses from last week's public spat between Musk and President Trump. Investors also parsed exclusive reporting from the journal that Musk publicly backed away from some of his attacks aimed at Trump. That's after sources say calls with Vice President J.D. Vance, the White House chief of staff, and the president himself.

himself. Early today, Musk posted on X that he regretted some of his posts about Trump and admitted they, quote, went too far.

Other exclusive reporting from the journal reveals China is putting a six-month limit on rare earth export licenses for U.S. automakers and manufacturers. People familiar with the matter say that gives Beijing leverage if trade tensions with the Trump administration flare up again, and it adds uncertainty for American industry. The temporary restoration of rare earths licenses was one of the key breakthroughs in the latest round of negotiations between the two sides in London this week.

And finally, Nintendo's new Switch 2 console has become the fastest-selling in the company's history. It's the Japanese gaming giant's first new device in eight years, and it's sold more than 3.5 million units worldwide since it launched on June 5th.

The red-hot demand flies in the face of worries about Nintendo's ability to repeat the blockbuster success of the first-generation Switch console and about customers' willingness to shell out $450 for a gaming system in the current economic climate.

For a deeper dive into what's happening in tech, check out Thursday's Tech News Briefing podcast. At KPMG, we make the difference by creating value, like developing strategic insights that help drive M&A success or embedding AI solutions into your business to sustain competitive advantage. KPMG, make the difference. Learn more at www.kpmg.us slash insights.