Tesla plans to increase the price of its branded “full self-driving” beta software, the advanced driver assistance system that CEO Elon Musk has said will mean the difference between the company “being worth a lot of money or worth basically zero.” Tesla vehicles today come standard with its driver assistance system called Autopilot. For an… Continue reading Tesla to increase cost of FSD beta software beyond its $12,000 price tag
Author: Tech Crunch Online News
Tesla Cybertruck on track to launch summer 2023, Elon Musk says
Tesla CEO Elon Musk confirmed Wednesday that the automaker aims to launch its long-awaited Cybertruck mid-2023. “We are still expecting to be in production with the Cybertruck in middle of next year,” Musk said during Tesla’s second-quarter financial report. “We’re very excited about that product. It might actually be our best product ever.” Although prototypes… Continue reading Tesla Cybertruck on track to launch summer 2023, Elon Musk says
Tesla earnings show quarterly decline in profits, year-over-year growth
Tesla’s second-quarter earnings report tells a story of quarterly declines and year-over-year growth. The company reported Wednesday a quarterly decline in revenue and earnings as supply chain constraints, inflation and an extended shutdown in China chipped away at its bottom line. Tesla generated $16.9 billion in revenue in the second-quarter, down from $18.8 billion in… Continue reading Tesla earnings show quarterly decline in profits, year-over-year growth
Lyft lays off about 60 employees, shutters in-house car rentals program
Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft employees, has been confirmed by the company. Lyft said it has laid off about 60 people and dropped its in-house car rental service and is consolidating global operations. The Wall Street… Continue reading Lyft lays off about 60 employees, shutters in-house car rentals program
Tortoise is coming to Comic-Con, and it’s bringing burritos
Tortoise is partnering with hospitality giant Sodexo to bring a mobile smart store — which is basically a fancy vending machine with wheels — to Comic-Con this year. One of Tortoise’s robots, laden with Sodexo’s carne asada burritos and 20-ounce bottles of Gatorade, will roam the main Pavilion at the San Diego Convention Center to… Continue reading Tortoise is coming to Comic-Con, and it’s bringing burritos
Volkswagen’s U.S. CEO steps down to lead its Scout EV brand
Volkswagen Group of America CEO Scott Keough is stepping down to helm the automaker’s Scout brand for battery-electric pickup trucks and SUVs. Keough, who has served as president and chief executive of Volkswagen Group of America since 2018, will become Scout’s president and CEO. He will be replaced by Pablo Di Si, executive chairman of… Continue reading Volkswagen’s U.S. CEO steps down to lead its Scout EV brand
Toyota partners to build affordable commercial electric vans, light-duty trucks
Toyota is partnering with Suzuki Motor Corporation, Daihatsu Motor Co. and Commercial Japan Partnership Technologies (CJPT) to build mini commercial electric vans next year, the Japanese automaker announced on Tuesday. Suzuki and Daihatsu will bring to the table their knowledge of manufacturing mini vehicles, while Toyota will come forth with its electrification technology to jointly develop… Continue reading Toyota partners to build affordable commercial electric vans, light-duty trucks
4 indicators to watch for on Tesla Q2 earnings day
Elon Musk has dominated this summer’s headlines beyond the EV business he’s trying to scale. During the first half of July, the Tesla CEO commanded attention for adding twins to his brood of 10 children, backing out of a $44 billion deal to buy Twitter and going shirtless while yachting on the Aegean. Meanwhile, the… Continue reading 4 indicators to watch for on Tesla Q2 earnings day
Security flaws in a popular GPS tracker are exposing a million vehicle locations
Security vulnerabilities in a popular Chinese-built GPS vehicle tracker can be easily exploited to track and remotely cut the engines of at least a million vehicles around the world, according to new research. Worse, the company that makes the GPS trackers has made no effort to fix them. Cybersecurity startup BitSight said it found six… Continue reading Security flaws in a popular GPS tracker are exposing a million vehicle locations
Rolls-Royce and Hyundai partner on air taxi hydrogen fuel system
Rolls-Royce and Hyundai are partnering to develop a fuel-cell electric propulsion system for advanced air mobility. The collaboration, announced Tuesday at the Farnborough Airshow in the U.K., will combine Rolls-Royce’s aviation expertise with Hyundai’s hydrogen fuel cell technology. Together, the automakers aim to deliver a joint fuel-cell electric aircraft demonstration by 2025. Aerospace could be… Continue reading Rolls-Royce and Hyundai partner on air taxi hydrogen fuel system