Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! It might have been a short week, but there was still plenty of news, including another Zoox recall, an update on the Stellantis-Amazon partnership, and a few […]
Heron Power, the electrical grid-focused startup founded by former Tesla executive Drew Baglino, announced Thursday it has raised $38 million in a Series A funding round. Heron Power is developing solid-state transformers, which promise to be more compact and responsive than the century-old analog models. Transformers are key parts of the electrical grid, stepping voltage
Tesla alum’s Heron Power closes $38M Series A to transform key grid technology Read More »
Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012. Now, the company’s energy business — a rare bright spot amid faltering demand
Tesla pleads for Senate to spare its booming energy business Read More »
Tesla’s Cybertruck sales dropped significantly in recent quarters, leading to a rapid buildup of unsold inventory. And it looks like the company is resorting to unconventional storage sites for the excess vehicles. One such location, per Crains Detroit Business, is a Detroit shopping center that is now in violation of city code for storing dozens
Dozens of unsold Tesla Cybertrucks are piling up at Detroit parking lot Read More »
Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline. The fall in sales is particularly alarming considering Tesla recently launched a
Tesla loses more ground in Europe, while BYD makes gains Read More »
Per Inside EVs, Cybertruck owners are now allowed by Tesla to trade in their cars for the first time since they hit the market – but they’ll incur a heavy hit in the process. CarGurus recently showed depreciation rates of up to 45%. Meanwhile, Business Insider talked this past week with two owners who shared
Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! For those U.S.-based readers out there, enjoy the long Memorial Day weekend, and if you’re on the road, expect it to be crowded. AAA projects 45.1 million
The first test of Tesla’s long-promised robotaxi service in Austin, Texas next month will initially be limited to specific areas the company deems “the safest,” CEO Elon Musk told CNBC in an interview Tuesday. Tesla’s cars are “not going to take intersections unless we are highly confident [they’re] going to do well with that intersection,
Musk says Tesla’s self-driving tests will be geofenced to ‘the safest’ parts of Austin Read More »
Elon Musk has spent decades building a universe of companies that has served as an incubator for up-and-coming engineers and a proving ground for his inner circle. That universe — an ecosystem of Silicon Valley tech titans, veterans of his companies like Tesla and SpaceX, and a crop of fresh-faced hackers and software engineers —
The people in Elon Musk’s DOGE universe Read More »
Veteran Chipotle executive Jack Hartung was appointed a member of Tesla’s board of directors Thursday, according to a Tesla filing with the SEC. Hartung’s addition to the board comes as Tesla quietly works to finish its 1950s-style diner and charging station in Los Angeles. Hartung brings over two decades of experience as a Chipotle CFO,
Chipotle president Jack Hartung joins Tesla’s board ahead of Tesla Diner launch Read More »
