Tesla has added two independent directors to its board, Oracle founder and executive chairman Larry Ellison and Walgreens executive Kathleen Wilson-Thompson, as part of a settlement with U.S. securities regulators over CEO Elon Musk’s infamous tweets about taking the company private. The pair joined the board as of December 27, Tesla said in an announcement early… Continue reading Tesla names Oracle’s Larry Ellison, Walgreens executive to board as part of SEC settlement
Author: Tech Crunch Online News
Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up
Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source with… Continue reading Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up
Elon Musk lays out ambitious plan for Tesla Supercharger network in Europe
Tesla CEO Elon Musk is making some audacious promises again for the company’s network of electric fast chargers, known as Superchargers. This time, he’s aiming for 100% Tesla Supercharger coverage in Europe by next year. In response to a question on Twitter, Musk said Tesla’s Supercharger coverage will extend to 100% of Europe in 2019.… Continue reading Elon Musk lays out ambitious plan for Tesla Supercharger network in Europe
Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits
Monday was a tough day for the U.S. stock market, but Tesla shares were hit especially hard. The stock fell by 7.6 percent after Tesla cut the Model 3’s price in China and CEO Elon Musk promised to reimburse U.S. customers if they miss a tax credit deadline due to Model 3 shipment delays. Reuters… Continue reading Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits
The electric scooter wars of 2018
This was was undoubtedly the year of the electric scooter. Between massive fundraising rounds, lofty valuations and both Uber and Lyft’s entrance into the space, it’s clear these scooters are here for the long haul. But just because investors have poured hundreds of millions of dollars into these companies in the past year, the electric scooter… Continue reading The electric scooter wars of 2018
Uber reaches tentative settlement with drivers arbitrating over employment status and expense reimbursement
Uber is reportedly on track to go public in the first quarter next year, and in the lead up to that, it’s sewing up some loose ends. TechCrunch has learned that Uber has offered a tentative settlement to pay out 11 cents for every mile driven for Uber (including adjacent services like Uber Eats) to… Continue reading Uber reaches tentative settlement with drivers arbitrating over employment status and expense reimbursement
SoftBank’s Vision Fund is preparing to invest $1 billion in Grab
SoftBank’s Vision Fund is set to continue its recent spree of investments in Asian tech unicorns. The mega fund — which is targeted at $100 billion — is planning to invest upwards of $1 billion into Southeast Asia’s ride-hailing leader Grab, two sources with knowledge of the plan told TechCrunch. The investment could reach as much… Continue reading SoftBank’s Vision Fund is preparing to invest $1 billion in Grab
An inside look at Rivian’s EV ambitions from AI batteries to electric jet skis
For a CEO who insists his electric vehicle startup doesn’t want to be Tesla, Rivian founder RJ Scaringe can sound a lot like Elon Musk. Just weeks before unveiling Rivian’s first vehicles — an all-electric pickup and a seven-seater SUV — at the LA Auto Show last month, Scaringe promised an impressive new battery technology… Continue reading An inside look at Rivian’s EV ambitions from AI batteries to electric jet skis
Lyft is getting more serious about autonomous vehicle safety with new hire
Lyft today announced the hiring of John Maddox, founder of the American Center for Mobility and previous associate administrator of vehicle safety research at the US Department of Transportation, to lead its autonomous vehicle safety and compliance efforts. At Lyft, Maddox will be the company’s first senior director of autonomous safety and compliance. “I’ve dedicated… Continue reading Lyft is getting more serious about autonomous vehicle safety with new hire
Boosted nabs $60M as the electric skateboard maker looks to build something new
Boosted has scored some serious cash as it looks to move beyond the world of electric skateboards to conquer new forms of personal transportation. The startup announced today that it has closed a $60 million round of Series B funding co-led by Khosla Ventures and iNovia Capital. Stanford’s StartX and Bay Meadows also participated in the round.… Continue reading Boosted nabs $60M as the electric skateboard maker looks to build something new