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
Author: Tech Crunch Online News
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’
Tesla plans to launch an insurance product ‘in about a month’
Tesla is developing an insurance product, which could be launched in about a month, CEO Elon Musk said during a call with analysts Wednesday following its first-quarter earnings report. “It will be much more compelling than anything else out there,” he said. Musk didn’t provide further details on what the insurance product might look like,… Continue reading Tesla plans to launch an insurance product ‘in about a month’
Ride-hailing firm Grab is losing its CTO
Grab is once again on the hunt for a CTO after Theo Vassilakis, the former Microsoft and Google executive who currently occupies the role, announced that he will leave the ride-hailing company this summer. Vassilakis became Grab CTO in October 2017, ending a very long search to fill the job, but he explained in a… Continue reading Ride-hailing firm Grab is losing its CTO
A new Tesla Model S can now drive from Los Angeles to San Francisco on a single charge
Tesla has announced that it has extended the range of its Model S vehicle to 370 miles and Model X to 325 miles on a single charge — extending the range of its flagship car to make the trip from Los Angeles to San Francisco on a single charge. The extensions beat Tesla’s previous records… Continue reading A new Tesla Model S can now drive from Los Angeles to San Francisco on a single charge
Alphabet’s Wing gets FAA permission to start delivering by drone
Wing Aviation, the drone-based delivery startup born out of Google’s X labs, has received the first FAA certification in the country for commercial carriage of goods. It might not be long before you’re getting your burritos sent par avion. The company has been performing tests for years, making thousands of flights and supervised deliveries to… Continue reading Alphabet’s Wing gets FAA permission to start delivering by drone
Postmates has launched in 1,000 new cities since December
Postmates is expanding like crazy ahead of an initial public offering expected later this year. The food delivery business has launched in 1,000 new cities since December, the company announced today. San Francisco-based Postmates now operates its on-demand delivery platform, powered by a network of local gig economy workers, in 3,500 cities across all 50… Continue reading Postmates has launched in 1,000 new cities since December