Author: Business Insider

Larry Busacca / Getty Images for The New York Times Tesla’s stock has come under serious pressure, falling 25% in just over two weeks as multiple negative headwinds have culminated at once. But another Tesla-related sell-off is occurring under the radar that should also have investors in the company worried. If you’ve followed the stock… Continue reading An under-the-radar crisis is brewing at Tesla — and it signals a tough road ahead

Gene J. Puskar / AP Lior Ron, the cofounder of Uber’s self-driving car project, is leaving the company, reports CNBC. His departure would come after one of Uber’s self-driving cars was involved in a fatal crash, believed to be the first time an autonomous vehicle has killed a pedestrian. It’s not known if his reported… Continue reading The cofounder of Uber’s self-driving car project is reportedly leaving the company after the fatal crash

A woman gets in a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco Thomson Reuters A self-driving car owned by General Motors was ticketed Monday for cutting off a woman on a crosswalk. Cruise, which was acquired by GM in 2016, disputes the ticket and… Continue reading A self-driving car was ticketed in San Francisco, but GM-owned Cruise says it did nothing wrong (GM)

The aftermath of Friday’s Model X accident near Mountain View, California. KTVU via Associated Press A Tesla Model X caught fire after crashing into a highway barrier in Mountain View, California, on Friday. It’s unclear what caused the accident or whether Autopilot was engaged before the crash, but Tesla revealed that the software had been… Continue reading A Tesla Model X caught on fire after crashing into a highway barrier — and Tesla has a theory about why the crash was so bad (TSLA)

Bobby Yip/Reuters Moody’s cut Tesla’s corporate rating one notch to B3. The rating agency cited the “significant shortfall” in the production rate of its Model 3 sedan as reason for the downgrade. Moody’s warned it could downgrade Tesla further if it falls behind on production targets. (IFR) – Tesla saw its bonds and stocks fall… Continue reading Tesla gets downgraded at Moody’s (TSLA)

Toyota had been testing self-driving technology through the Toyota Research Institute. Toyota In response to Sunday’s fatal accident involving a self-driving Uber vehicle, Toyota confirmed to Business Insider that it will temporarily stop testing its Chauffeur autonomous driving program in the US. “We cannot speculate on the cause of the incident or what it may… Continue reading Toyota will temporarily stop testing self-driving cars in the US after Arizona woman is killed by autonomous Uber

A self driving Volvo vehicle, purchased by Uber, stops at an intersection in Tempe, Arizona, U.S., December 1, 2017. Photo taken on December 1, 2017. REUTERS/Natalie Behring Uber is “likely” not at fault in a crash by one of its self-driving cars that killed a 49-year-old woman, the local police chief has said. The accident,… Continue reading Uber is ‘likely’ not at fault in the fatal self-driving car crash, local police chief says

In response to Monday’s accident, Uber suspended tests of its self-driving cars. Uber On Monday, a self-driving vehicle operated by Uber hit and killed a woman in Tempe, Arizona. While proponents of self-driving technology say autonomous cars will be much safer than those driven by humans, they’ll have to prove accidents involving self-driving cars are… Continue reading A self-driving Uber just struck and killed a woman — here’s a look at how its autonomous cars work

BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Lyft recently started testing a new subscription plan that allows customers to pay a flat monthly fee for unlimited rides, according to Engadget. However, the… Continue reading Lyft is testing a new subscription offering