A California appeals court heard arguments on Tuesday from Uber and Lyft as they appeal a recent ruling that would force the companies to reclassify drivers as employees. A lower court determined in August that Uber and Lyft drivers are employees, not contractors, under the state’s gig work law, AB-5, but delayed enforcing the ruling… Continue reading Uber and Lyft faced tough questions from California judges as they seek to keep classifying drivers as contractors (UBER, LYFT)
Author: Business Insider
Elon Musk says Tesla will release a beta version of its ‘Full Self-Driving’ feature next week to some drivers. It probably won’t make the cars fully autonomous.
Tesla will release a new beta version of its “Full Self-Driving” feature next week, Tesla CEO Elon Musk tweeted Monday. At Tesla’s “Battery Day” event last month, Musk said that the company had rewritten its Autopilot software and would release a “private beta” soon with “profound” improvements. Despite its name, Tesla’s “Full Self-Driving” feature is… Continue reading Elon Musk says Tesla will release a beta version of its ‘Full Self-Driving’ feature next week to some drivers. It probably won’t make the cars fully autonomous.
Lime’s CEO explains how the scooter company’s ‘near death experience’ during the pandemic helped set it up to turn a profit next year (UBER)
Lime’s bike and scooter revenues plunged 95% when the pandemic hit in the spring, CEO Wayne Ting told Business Insider.. But it’s come out stronger than ever thanks to a pivot to become a one-stop app for any and all electric vehicles to get around. Ting says the company is on track to turn a… Continue reading Lime’s CEO explains how the scooter company’s ‘near death experience’ during the pandemic helped set it up to turn a profit next year (UBER)
How GM’s $19 billion self-driving subsidiary Cruise trains its cars to have ‘super-human’ capabilities
Creating a fully-autonomous vehicle is one of the most difficult technological challenges facing developers today. The machines have to be able to respond in milliseconds to litany of external sources, including other drivers on the road and pedestrian activity. The $19 billion General Motors subsidiary Cruise relies on a continuous learning machine to help train… Continue reading How GM’s $19 billion self-driving subsidiary Cruise trains its cars to have ‘super-human’ capabilities
SCOTT GALLOWAY: Tesla is the stock story of the decade, and Robinhood is the fuel
Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is his recent blog post and video, republished with permission. It originally ran on his blog, “No Mercy / No Malice.” Galloway says today’s financial crisis is partially due to a widespread, imperfect belief that the market always goes up.… Continue reading SCOTT GALLOWAY: Tesla is the stock story of the decade, and Robinhood is the fuel
Tesla permit application reveals it wants to build batteries alongside Cybertrucks at its new Texas factory (TSLA)
Tesla may be planning to build batteries at its forthcoming Texas factory. In documents filed to the state’s Commission on Environmental Quality, the company mentions a proposal for cell production. Last month, CEO Elon Musk said Tesla found new innovations to bring down the cost of producing batteries while integrating them inside of its cars… Continue reading Tesla permit application reveals it wants to build batteries alongside Cybertrucks at its new Texas factory (TSLA)
Elon Musk’s former right-hand man, JB Straubel, is building a company to chase the big money in recycling old EV batteries as demand for lithium skyrockets (TSLA)
JB Straubel stepped down as Tesla’s CTO in 2019. He’s now focused on Redwood Materials, where he has the CEO title for the first time. Redwood is a recycling startup that wants to create a “remanufacturing economy,” extracting the valuable raw materials from spent electric-car batteries so that lithium, cobalt, and other valuable minerals don’t… Continue reading Elon Musk’s former right-hand man, JB Straubel, is building a company to chase the big money in recycling old EV batteries as demand for lithium skyrockets (TSLA)
Waymo is finally going fully driverless with its ride-hail service in Phoenix (GOOGL)
Waymo is now offering a fully-driverless ride-hailing service in the Phoenix area, where the Alphabet company has been piloting its business since 2018. The fully-driverless option will apply to a 50-square-mile area at first, and early users will be customers who have been testing the service. Waymo also said that it would be resuming rides… Continue reading Waymo is finally going fully driverless with its ride-hail service in Phoenix (GOOGL)
Major US companies are joining a crusade to give workers time off to vote on Nov. 3. From Apple to Salesforce, here are all the tech companies that are onboard.
Major tech companies like Twitter and Salesforce are giving their employees Election Day off in order to vote. Others, like Apple and Facebook, are encouraging employees to volunteer to be poll workers. Several tech firms have joined a movement called “Time To Vote,” which aims to give US workers more flexibility to cast their ballots… Continue reading Major US companies are joining a crusade to give workers time off to vote on Nov. 3. From Apple to Salesforce, here are all the tech companies that are onboard.
Elon Musk could pocket another $3 billion if Tesla hits earnings goals (TSLA)
Maja Hitij/Getty Images Tesla CEO Elon Musk could pocket another $3 billion in compensation if the electric vehicle company hits specific revenue or profit goals in its upcoming third quarter earnings report. This would be Musk’s fourth of 12 tranches of awarded Tesla options, which is part of his 2018 incentive pay package. The pay… Continue reading Elon Musk could pocket another $3 billion if Tesla hits earnings goals (TSLA)