Tesla will begin producing the Cybercab, an autonomous electric vehicle with no pedals or steering wheel, this April at its factory in Austin, Texas, CEO Elon Musk said during the company’s shareholder meeting Thursday. His comments on Cybercab came just moments after shareholders overwhelmingly approved a compensation package for Musk that could be worth as […]
Tesla to begin Cybercab production in April, Musk claims Read More »
Accel has invested in Rapido, the ride-hailing platform competing with Uber in India, while Prosus has increased its stake, after Indian two-wheeler giant TVS Motor sold its entire holding. On Thursday, TVS Motor said in a stock exchange filing (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million)
Accel backs Uber rival Rapido as Prosus boosts stake Read More »
Tesla shareholders have overwhelmingly approved a compensation package for CEO Elon Musk that could be worth as much as $1 trillion in company shares. More than 75% of shareholders who participated voted to approve the plan, in line with the amount of support Musk has received for past pay packages. As the result was announced,
Tesla shareholders approve Elon Musk’s $1T pay package Read More »
Executives at Ford are considering killing its flagship electric pickup truck, the F-150 Lightning, according to The Wall Street Journal. The discussions are happening in the wake of Ford’s late October decision to idle F-150 Lightning production while it prioritizes hybrid and gas-engine versions of the popular pickup. The company’s been dealing with production troubles
Ford execs reportedly discuss ending the F-150 Lightning Read More »
A slew of new companies have emerged in recent years offering fresh takes on RVs, like Lightship, Pebble, and Grounded. Now another startup called Evotrex is coming out of stealth with its own twist: a hybrid RV travel trailer with an integrated gas engine. The new RV will have an onboard battery pack that will
Anker-backed hybrid RV startup Evotrex comes out of stealth Read More »
Jeff Bezos’ space company Blue Origin is finally ready to try a second launch of its super heavy-lift rocket New Glenn. The company announced on Wednesday that it will attempt the launch as early as Sunday, November 9, from Launch Complex 36 in Cape Canaveral, Florida. New Glenn’s first flight took place back in January,
Blue Origin plans second launch of New Glenn mega-rocket on November 9 Read More »
Lucid Motors’ chief engineer Eric Bach is leaving the company after more than a decade, the company has announced. Bach, who also served as Lucid Motors’ Senior Vice President of Product, has been with the company since 2015. He joined Lucid after spending three years as Tesla’s Director of Engineering, where he worked alongside Lucid
Lucid Motors’ chief engineer leaves after 10 years Read More »
Shares of electric aviation startup Beta Technologies took flight Tuesday as the company made its debut on the New York Stock Exchange with an outsized raise of $1 billion and a stock price that closed up. The Vermont-based company priced shares in its IPO at $34, above its predicted range of $27 to $33. Beta
Beta Technologies ends first day on NYSE in the green and $1B raised Read More »
Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics. The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to a the company’s third-quarter shareholder
Rivian creates another spinoff company called Mind Robotics Read More »
Norway’s sovereign wealth fund has voted against a Tesla proposal to give CEO Elon Musk a compensation package worth $1 trillion. The fund, which is managed by Norges Bank Investment Management, holds a 1.14% stake in Tesla valued at about $11.7 billion, according to its mid-year filings in June. “While we appreciate the significant value
Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package Read More »
