Tesla is going to raise an additional $400 million in its latest sale of stock, with co-founder and chief executive Elon Musk committing to buy an additional $15 million in shares, according to a filing with the Securities and Exchange Commission. The electric vehicle, energy storage and solar panel manufacturer said it will sell 3.1… Continue reading Tesla bumps up its capital raise by $400 million, with Elon Musk taking an additional $15 million
Author: Tech Crunch Online News
Liam O’Connor, hired to help build Lyft’s bike and scooter business, has left after 7 months
The emerging business of offering bikes and scooters on demand has not always been very smooth, and today comes one of the latest bumps: TechCrunch has learned and confirmed that Liam O’Connor, an executive hired to help transportation company Lyft build its bike and scooter operations, has left after seven months with the newly-public company.… Continue reading Liam O’Connor, hired to help build Lyft’s bike and scooter business, has left after 7 months
Uber adds real-time public transport data for London
From today, Uber has added public transport to its app in London, incorporating real-time information on the city’s Underground, Overground, train and bus network, as well as other trams, shuttle, river boat and the DLR’s driverless trains. Last summer the ride-hailing giant was granted a provisional 15-month license to operate in the U.K. capital —… Continue reading Uber adds real-time public transport data for London
Daimler pulls the plug on electric smart car sales in US, Canada
Daimler is ending sales of its diminutive all-electric smart fortwo cars in the U.S. and Canada, officially pulling the plug on a vehicle that has struggled to gain ground in North America as the German automaker prepares to bring the brand to China, TechCrunch has learned. Smart won’t be sold in the U.S. and Canada… Continue reading Daimler pulls the plug on electric smart car sales in US, Canada
Autonomous vehicles make congestion pricing even more critical
Brooks Rainwater Contributor More posts by this contributor Cities that didn’t win HQ2 shouldn’t be counted out As tasks wane, skills rise Autonomous vehicles will soon be ubiquitous on city streets. Before this happens, we should ask ourselves: Will they whisk us quickly through cities or make traffic worse? A car is a car, whether… Continue reading Autonomous vehicles make congestion pricing even more critical
Elon Musk, SEC agree to guidelines on Twitter use
Tesla, Elon Musk and the U.S. Securities and Exchange Commission reached an agreement Friday that will give the CEO freedom to use Twitter —within certain limitations — without fear of being held in contempt for violating an earlier court order. Musk can tweet as he wishes except when it’s about certain events or financial milestones. In… Continue reading Elon Musk, SEC agree to guidelines on Twitter use
Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in… Continue reading Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
Wheely raises $15 million for its luxury ride-hailing app
London-based startup Wheely has raised a $15 million Series B round led by Concentric with Oleg Tscheltzoff, Misha Sokolov and other investors also participating. The company wants to build an Uber competitor focused on the luxury market. It’s a bit ironic when you think about it as Uber started as a luxury company. But everybody… Continue reading Wheely raises $15 million for its luxury ride-hailing app
Waymo CTO Dmitri Dolgov at TC Sessions: Mobility on July 10
Long before there was an autonomous vehicle industry, there was Project Chauffeur — a secret endeavor staffed by about a dozen engineers and housed under Google’s moonshot factory X. That venture, popularly known as the Google self-driving car project, would eventually graduate from its project status to become a standalone company called Waymo in 2016… Continue reading Waymo CTO Dmitri Dolgov at TC Sessions: Mobility on July 10
Elon Musk on taking Tesla private: ‘That ship has sailed’
Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn’t likely. Musk can dream, can’t he? “Unfortunately that ship had sailed,” Musk said flatly, in response to a question… Continue reading Elon Musk on taking Tesla private: ‘That ship has sailed’