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 »
More than two months ago, Tesla published its fourth “Master Plan,” a gauzy post about how the company wants to spread “sustainable abundance” via its future products. Details remain woefully absent, but that hasn’t stopped Tesla from making it the central prop in its bid to convince shareholders to hand CEO Elon Musk a compensation
Tesla’s Master Plan 4 still lacks specifics ahead of $1T Musk pay vote Read More »
Waymo said Monday it will launch a robotaxi service in Detroit, Las Vegas, and San Diego as the Alphabet-owned company hits the accelerator on its expansion plans. The announcement illustrates Waymo’s recent evolution from autonomous vehicle technology developer to commercial enterprise. It also follows comments by Waymo co-CEO Tekedra Mawakana, who said last week during
Waymo’s robotaxi expansion accelerates with 3 new cities Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! We’re mixing things up a bit this week to focus on what was said on, and off, the stage at TechCrunch
TechCrunch Mobility: Everything said on, and off, the stage at TechCrunch Disrupt 2025 Read More »
Elon Musk and Sam Altman are still taking swipes at each other on Musk’s social media platform X. While both men were founders at OpenAI, where Altman is CEO, they have subsequently sparred across social media, court filings, and corporate blog posts.The latest exchange began when Altman posted what he called “a tale in three
Elon Musk wants you to know that Sam Altman got a refund for his Tesla Roadster Read More »
Lidar-maker Luminar is warning shareholders that it will run out of cash in early 2026 and has announced a 25% cut to its workforce to help staunch the bleeding — its second layoff of the year — according to a Friday regulatory filing. It’s not immediately clear how many workers will be affected. Luminar started
Luminar is cutting jobs, losing its CFO, and warning of a cash shortage Read More »
IntrCity SmartBus, a tech-enabled intercity bus platform in India, has raised $30 million in funding to expand its network across smaller cities and towns in the South Asian nation. The all-equity Series D round, led by A91 Partners, values the Noida-based startup at $140 million post-money. Intercity travel is accelerating in India as more people
Waymo and Zoox robotaxis are a regular sight on San Francisco streets and soon Uber, through a partnership with Lucid and Nuro, will descend on the city as well. It is exactly how San Francisco Mayor Daniel Lurie likes it. “I think we should be the testbed for emerging technology and AI and health care
San Francisco mayor: ‘We should be the testbed for emerging tech’ Read More »
