Troubled electric vehicle startup Faraday Future’s board of directors has appointed founder Jia Yueting as the company’s co-CEO, three years after he was sidelined following an internal probe into allegations of fraud — a probe that led to a investigation by the Securities and Exchange Commission that remains ongoing. Jia will serve alongside current CEO… Continue reading Faraday Future founder named co-CEO three years after being sidelined by internal probe
Author: Tech Crunch Online News
Uber, Volkswagen pair up to launch robotaxi service in US with self-driving, electric microbuses
Volkswagen of America and Uber on Thursday unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous electric VW ID. BUZZ vehicles — in multiple U.S. cities over the next decade. The companies expect to launch a commercial service in Los Angeles, the first city on the list, by late 2026. VW… Continue reading Uber, Volkswagen pair up to launch robotaxi service in US with self-driving, electric microbuses
Tesla begins ‘FSD Supervised’ ride-hail tests with employees in Austin, Bay Area
Tesla has started testing its autonomous ride-hail service with employees in Austin and the Bay Area ahead of the company’s planned robotaxi launch this summer. “FSD Supervised ride-hailing service is live for an early set of employees in Austin & San Francisco Bay Area,” the company posted Wednesday on X. FSD stands for “Full Self-Driving,”… Continue reading Tesla begins ‘FSD Supervised’ ride-hail tests with employees in Austin, Bay Area
Anti-Musk protests are now an official risk to Tesla’s business
Protests against Elon Musk and Tesla have been spreading around the world thanks to the CEO’s involvement in the Trump administration. Now those protests are listed as an official “risk factor” in paperwork Tesla is required to file with federal regulators. The new language, filed with the Securities and Exchange Commission on Wednesday morning, shows… Continue reading Anti-Musk protests are now an official risk to Tesla’s business
Elon Musk says he may keep doing DOGE work for ‘the remainder’ of Trump’s term
Tesla CEO Elon Musk says he may keep doing work with the Department of Government Efficiency through the remainder of President Donald Trump’s second term, amid calls for him to step away from politics. Musk said he plans to reduce his role with DOGE to a “day or two” per week starting next month, “or… Continue reading Elon Musk says he may keep doing DOGE work for ‘the remainder’ of Trump’s term
Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment
Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the… Continue reading Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment
Tesla earnings live update: profit down, stock up, Elon Musk stands firm on DOGE
Kirsten Korosec Energy is a bright spot and it’s under threat Tesla’s energy business stands out as a growth business in an earnings report that otherwise shows stagnation and a retreat — at least in terms of sales. Tesla’s energy business, which includes storage and solar, brought in $2.7 billion in revenue, a 67% increase from… Continue reading Tesla earnings live update: profit down, stock up, Elon Musk stands firm on DOGE
India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of… Continue reading India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation
Uber customers can now earn Delta SkyMiles from rides or deliveries
Delta SkyMiles members in the United States can now start earning points when they ride with Uber or order delivery through Uber Eats as part of a recently announced exclusive partnership between the two companies. The tie-up with Delta is designed to further align the ride-hail giant with airport travel, which has historically been a… Continue reading Uber customers can now earn Delta SkyMiles from rides or deliveries
Rivian elects Cohere’s CEO to its board in latest signal the EV maker is bullish on AI
Aidan Gomez, the co-founder and CEO of generative AI startup Cohere, has joined the board of EV maker Rivian, according to a regulatory filing. The appointment is the latest sign that Rivian sees promises in applying AI to its own venture while positioning itself as a software leader — and even provider — within the… Continue reading Rivian elects Cohere’s CEO to its board in latest signal the EV maker is bullish on AI