Insider has analyzed salary data from some of the top transportation-tech companies. The list includes Tesla, Uber, Rivian, and Amazon-owned Zoox. The data comes from filings shared with the US government. See more stories on Insider’s business page. The war for talent between transportation technology companies is heating up, as the incumbents and upstarts poach… Continue reading Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.
Author: Business Insider
Tesla’s first European plant was supposed to open on July 1, but permit delays, lizards, and other problems have postponed it indefinitely (TSLA)
Tesla’s new factory outside of Berlin, Germany, was supposed to open on July 1. Permitting issues and environmental activists have delayed the plant’s opening. Tesla plans to churn out 500,000 cars at the plant, which is critical to its European strategy. See more stories on Insider’s business page. “Deutschland rocks,” Elon Musk told reporters during… Continue reading Tesla’s first European plant was supposed to open on July 1, but permit delays, lizards, and other problems have postponed it indefinitely (TSLA)
Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Reuters/Jason Lee Reuters/Jason Lee Didi has become a retail-investor favorite on its first day of trading, Fidelity data show. The stock topped retail buys in Exela Technologies and AMC Entertainment. Shares of the Chinese ride-hailing company surged as much as 28% during its IPO Wednesday. See more stories on Insider’s business page. Chinese ride-hailing company… Continue reading Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Tesla stock slips as UBS slashes its price target by 10%, citing slowing demand in China (TSLA)
Tesla TKed Wall Street’s expectations. Xinhua/Ding Ting via Getty Images The rise in popularity of Chinese electric vehicle brands like BYD, Nio, and XPeng represent a growing threat to Tesla’s dominance, UBS said in a note on Tuesday. The bank reduced its Tesla price target by 10% to $660 from $730, representing a potential decline… Continue reading Tesla stock slips as UBS slashes its price target by 10%, citing slowing demand in China (TSLA)
Tesla’s recall of 285,000 cars in China is a ‘black-eye moment’ for the EV maker — but that won’t derail its strong prospects, Wedbush says
Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai. Reuters Tesla’s recall of most of its cars delivered in China won’t derail its growth prospects, according to Wedbush. Analyst Dan Ives said the incident is a clear “black-eye moment” for Tesla, already having reputational issues in… Continue reading Tesla’s recall of 285,000 cars in China is a ‘black-eye moment’ for the EV maker — but that won’t derail its strong prospects, Wedbush says
Tesla is recalling around 285,000 vehicles in China because drivers are switching on its Autopilot feature by accident. It plans to update the software remotely.
Tesla will update software on about 285,000 vehicles in China, a state regulator said on Saturday. Autopilot software will be updated on some Model 3 and Y vehicles, Reuters reported. Drivers “easily activate the cruise control function by mistake,” the regulator said, AFP reported. See more stories on Insider’s business page. About 285,000 Tesla vehicles… Continue reading Tesla is recalling around 285,000 vehicles in China because drivers are switching on its Autopilot feature by accident. It plans to update the software remotely.
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
CEO of DiDi Cheng Wei at the D1 launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing is set to IPO in the US at a valuation of up to $70 billion, according to the Wall Street Journal. Didi controls much of the Chinese ride-hailing market, after a bruising… Continue reading Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
The Swedish startup Northvolt announced Monday it had raised an additional $2.75 billion. The electric-vehicle-battery maker counts Volkswagen, Goldman, and Spotify’s CEO among its backers. CEO Peter Carlsson said the company will eventually need to draw on funds from public markets. See more stories on Insider’s business page. A Swedish startup that is building one… Continue reading Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers
Amazon reportedly ordered 1,000 autonomous truck-driving systems from a startup called Plus. The retail giant also has the option to buy shares of the AI startup, according to a recent filing. The technology falls in line with Amazon’s focus on AI-related technology. See more stories on Insider’s business page. Amazon has agreed to buy 1,000… Continue reading Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers
Instacart has poached an Uber marketing exec as its new VP of brand and marketing as it mulls a direct listing
Instacart has hired Uber marketing exec Laura Jones as its new VP of brand and marketing. The grocery delivery company is planning a direct listing and is valued at $39 billion. Jones led marketing for Uber’s rides business and is credited with building its product marketing organization. See more stories on Insider’s business page. Instacart… Continue reading Instacart has poached an Uber marketing exec as its new VP of brand and marketing as it mulls a direct listing