In July, BMW will roll out a sweeping software update that includes digital personalization and on-demand functions. The automaker envisions a future where people will subscribe to existing features on their cars, such as a heated steering wheel or adaptive cruise control. The software will be compatible with BMWs with the automaker’s latest Operating System… Continue reading BMW wants customers to pay a subscription fee to use features the car already has installed, like a heated steering wheel or adaptive cruise control
Author: Business Insider
The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Spark Capital was one of the big winners when Uber announced its acquisition of restaurant service Postmates for $2.6 billion on Monday. The venture capital firm has invested in other major hitters in the startup world, including Slack, Plaid, and Mirror, the fitness tech startup that was sold to Lululemon for $500 million. It’s unclear… Continue reading The big winner of Uber’s $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that’s enjoying a streak of hits in a gloomy 2020.
Tesla salespeople say years of layoffs and furloughs have made them doubt their job security (TSLA)
Tesla has laid off employees or put them on furlough in each of the past three years. The moves have left some Tesla employees with doubts about their job security. “We feel like there’s an axe over our head every day at Tesla,” said a current salesperson who works on the West Coast. “They lay… Continue reading Tesla salespeople say years of layoffs and furloughs have made them doubt their job security (TSLA)
Tesla is transforming how cars are sold. But 27 insiders say the company’s methods mean slashed pay and living under the constant threat of getting laid off. (TSLA)
Business Insider spoke with 27 current and former Tesla sales employees about the changes the company has made to their jobs and the way it sells cars. Some said they were frustrated by compensation changes that have cut their overall pay and disappointed in their store’s response to the coronavirus. Others complimented Tesla’s efforts to… Continue reading Tesla is transforming how cars are sold. But 27 insiders say the company’s methods mean slashed pay and living under the constant threat of getting laid off. (TSLA)
Nikola’s CEO gives the biggest reason why businesses should buy the Nikola Two instead of Tesla’s Semi truck (NKLA)
Nikola says its Nikola Two hydrogen-powered semi truck will have 500-750 miles of range, compared to the 300-500 miles Tesla has said its Semi will be able to drive between charges. Battery-powered vehicles require a trade-off between range and storage capacity, Nikola CEO Mark Russell told Business Insider. More range means a bigger battery, and… Continue reading Nikola’s CEO gives the biggest reason why businesses should buy the Nikola Two instead of Tesla’s Semi truck (NKLA)
Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
Amazon’s deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or more and tens of billions of dollars for the industry to develop commercially viable robo-taxi services that are built around… Continue reading Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion
Uber is holding acquisition talks with food delivery startup Postmates, the New York Times reports. Earlier this year Uber was reported to be holding acquisition talks with Grubhub, but these reportedly fell through and in mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and could also expose Uber to… Continue reading Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion
Lordstown Motors has unveiled its $52,500 Endurance truck that’s set to be the first electric pickup to market
Lordstown Motors has unveiled a pre-production version of the Endurance, the automaker’s flagship electric pickup truck. The $52,500 pickup truck is expected to be produced and completed by the late summer of 2021, which would make it to the first mass-produced fully electric pickup truck on US roads. Ohio-based Lordstown Motors has plans to produce… Continue reading Lordstown Motors has unveiled its $52,500 Endurance truck that’s set to be the first electric pickup to market
California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)
California is seeking to force Uber and Lyft to reclassify drivers as employees within weeks, according to a press release Wednesday from Attorney General Xavier Becerra. Becerra’s office is planning to file an injunction against the companies that would require them to make the change while they await the outcome of a lawsuit over drivers’… Continue reading California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)
‘Hanging by a thread’: Leaked emails tell the story of a design flaw discovered in 2012 in Tesla’s Model S battery that could lead to breakdowns and fires
As Tesla’s first car, the Model S, was rolling out of the company’s Fremont, California factory, e-mails reveal that the company was still grappling with a design flaw that could lead to leaks inside the battery. Those leaks could then cause the car’s battery to short, or leave behind a flammable residue inside the battery,… Continue reading ‘Hanging by a thread’: Leaked emails tell the story of a design flaw discovered in 2012 in Tesla’s Model S battery that could lead to breakdowns and fires