Tesla CEO Elon Musk likely wouldn’t advocate for the electric-car maker‘s 2016 acquisition of the solar-panel company SolarCity if he could go back in time, he said in a June deposition. Musk cited the difficulty of the early stages of production for Tesla’s Model 3 sedan, which took significant resources away from Tesla’s energy division… Continue reading Elon Musk said he probably wouldn’t support Tesla’s controversial SolarCity deal if he could go back in time (TSLA)
Author: Business Insider
Tesla is unveiling a third version of its solar roof this week, Elon Musk says
Tesla plans to unveil a third version of its solar roof product, CEO Elon Musk said on the company’s third-quarter earnings conference call Wednesday evening. “Tomorrow afternoon we will be releasing version three of the Tesla solar roof,” the CEO said at the end of his prepared remarks. “I think this is a great product.… Continue reading Tesla is unveiling a third version of its solar roof this week, Elon Musk says
Lyft says it will turn a profit a year ahead of schedule — and the stock is exploding higher (LYFT)
Shutterstock Lyft cofounders Logan Green and John Zimmer said at The Wall Street Journal’s Tech Live conference on Tuesday that they expected the company to be profitable by the fourth quarter of 2021, a year earlier than analyst forecasts. The news sent Lyft shares surging as much as 11%, their biggest intraday increase since the… Continue reading Lyft says it will turn a profit a year ahead of schedule — and the stock is exploding higher (LYFT)
A Waymo executive explains why the self-driving startup wants its rides to be ‘amazingly boring’ (GOOGL)
Waymo‘s chief external officer said the startup hopes its autonomous rides are “amazingly boring.” Tekedra Mawakana made the comments at Business Insider’s transportation-focused IGNITION event in San Francisco on Tuesday. “People don’t trust what they’re not familiar with,” she said. “That makes sense. We see people take their first ride and they go from a… Continue reading A Waymo executive explains why the self-driving startup wants its rides to be ‘amazingly boring’ (GOOGL)
Zoox cofounder Jesse Levinson says there’s ‘no chance’ Tesla will launch fully self-driving cars next year, despite Elon Musk’s claims
When asked if there’s “any chance” that Tesla will have fully self-driving cars ready next year as Tesla CEO Elon Musk has claimed, Zoox cofounder and CTO Jesse Levinson had a one-word answer: “No.” Speaking with transportation reporter Mark Matousek on stage at Business Insider’s IGNITION: Transportation event in San Francisco Tuesday, Levinson said that… Continue reading Zoox cofounder Jesse Levinson says there’s ‘no chance’ Tesla will launch fully self-driving cars next year, despite Elon Musk’s claims
Elon Musk, who claims he’s low on cash, recently sold his LA mansion for nearly $4 million — and that was just one of several properties he owns in the area. Take a look inside his real-estate portfolio.
Filings by the lawyer for the plaintiff in a recent defamation lawsuit against Elon Musk say Musk testified that he’s “financially illiquid,” despite the Tesla CEO’s multi-billionaire status, Business Insider’s Mark Matousek reported. Incidentally, Business Insider’s Graham Rapier previously reported that Musk sold a home he owned in late August — and that was just… Continue reading Elon Musk, who claims he’s low on cash, recently sold his LA mansion for nearly $4 million — and that was just one of several properties he owns in the area. Take a look inside his real-estate portfolio.
Tesla is barring customers from buying the same version of the model they returned for 12 months (TSLA)
Tesla customers who return their vehicle will not be able to order an identical vehicle for a year, the electric-car maker said in a recent addition to its return policy. Tesla has also replaced a $2,500 refundable order fee with a nonrefundable $100 one. The changes are significant because Tesla customers have complained about quality… Continue reading Tesla is barring customers from buying the same version of the model they returned for 12 months (TSLA)
Uber has laid off hundreds of employees in its third round of cuts this year (UBER)
Uber commenced a third round of layoffs on Monday, TechCrunch’s Megan Rose Dickey first reported. Roughly 350 employees in Uber Eats, ATG, and product roles were let go, according to an email from CEO Dara Khosrowshahi published by the news site. Uber has been under tremendous pressure to cut costs and turn a profit as… Continue reading Uber has laid off hundreds of employees in its third round of cuts this year (UBER)
Lyft has been quietly offering a car-rental service in 3 California cities (LYFT)
Lyft has been quietly offering a car-rental service in three California cities. When you book a vehicle in San Francisco, Oakland, or Los Angeles, the company will also offer customers $40 of ride credit to get to and from the pickup location. The company said it’s another way to help stave people off of individual… Continue reading Lyft has been quietly offering a car-rental service in 3 California cities (LYFT)
We talked to a top Uber exec about how the ride-hailing giant is betting on healthcare to reach a new set of customers
Uber is betting big on its health business as a way to get it into markets it normally wouldn’t reach. By working with health plans to provide rides to and from doctor’s appointments — particularly for the elderly and people in rural areas — Uber can grow demand in areas that might not be a… Continue reading We talked to a top Uber exec about how the ride-hailing giant is betting on healthcare to reach a new set of customers