Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5… Continue reading Elon Musk sells nearly $7 billion in Tesla shares
Author: Tech Crunch Online News
Tesla’s next gigafactory might be in Canada
While onstage at Tesla’s annual shareholder event, CEO Elon Musk hinted that the automaker would choose the location for a new gigafactory by the end of the year. Musk jokingly asked his fans where the company should build, and when a few yelled out “Canada!” Musk replied, “I’m half Canadian. Maybe I should.” It seemed… Continue reading Tesla’s next gigafactory might be in Canada
Ford raises F-150 Lightning prices across the board
Ford is raising the price of the F-150 Lightning, with increases ranging from $6,000 to $8,500, depending on the model and trim level. The entry-level “Pro” badged F-150 Lightning will now retail for $46,974, while the top-tier “Platinum Extended Range” version comes in at nearly $100,000. Ford cites rising costs for materials, as well as… Continue reading Ford raises F-150 Lightning prices across the board
BMW hedges its EV bet, appears poised to repeat mistakes of the past
For a while, it seemed like BMW had turned a corner with its EV strategy. Its i4 and iX have received stellar reviews, and this spring the company announced an all-electric platform, the Neue Klasse, which it said will underpin EV versions of the 3-series sedan and the X3 crossover starting in 2025. The company… Continue reading BMW hedges its EV bet, appears poised to repeat mistakes of the past
Gepek leverages the power of the sharing economy for same-day deliveries
The idea for Gepek, a Croatian startup that aims to tap the sharing economy for same-day deliveries, came about because a brother and sister wanted to help their mother access her medication quickly. One Friday afternoon, Carla and Dario Ferreri’s mother had arrived at a seaside village for a holiday when she realized she forgot… Continue reading Gepek leverages the power of the sharing economy for same-day deliveries
The iconic Meyers Manx dune buggy makes its return as an EV
The Meyers Manx, the iconic 50-year-old dune buggy that’s been copied thousands of times, is officially making its return in 2023. But this time around, it’s electric. The Meyers Manx 2.0, which debuted Monday at an event in Malibu, will launch thanks to venture capitalist Phillip Sarofim and famed automotive designer Freeman Thomas, say they… Continue reading The iconic Meyers Manx dune buggy makes its return as an EV
Boundary Layer skims across the water with a cavalcade of launch partners
It seems like only a couple of months since Boundary Layer announced its $5 million-ish round of financing, but the company hasn’t been resting on its laurels. Today, its founders told me it signed up some beefy launch partners and is gearing up for a large-scale roll-out as early as 2025. The company is planning… Continue reading Boundary Layer skims across the water with a cavalcade of launch partners
Canoo burns cash in race to hit $1B EV sales goal
Electric vehicle company Canoo’s second-quarter results, like its first-quarter results, show a pre-revenue company that’s burning through cash. However, last quarter, Canoo was warning it might not have enough cash to stay in business. Three months later, the EV startup-gone-SPAC is touting access to enough capital to see it through the rest of 2022. “We… Continue reading Canoo burns cash in race to hit $1B EV sales goal
The Station: Rounding up the Tesla Cyber Roundup, a Waymo change up and the mysterious disappearance of Bolt Mobility
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. This week… Continue reading The Station: Rounding up the Tesla Cyber Roundup, a Waymo change up and the mysterious disappearance of Bolt Mobility
Lyft creates media division to cash in on in-car ads
Lyft has created a new business unit to beef up its digital advertising business across its tablets, mobile app, rooftops and bicycles, producing the potential to add billions of dollars to its bottom line. The ride-hailing company announced on its blog Monday that Lyft Media will help cash in on the growing market for in-vehicle… Continue reading Lyft creates media division to cash in on in-car ads