Morgan Stanley has valued Tesla’s autonomous vehicle ride-sharing business, which does not yet exist, at $17.7 billion, about one-tenth of Waymo’s value, yet still above GM Cruise, the investment firm said in a research note published Tuesday. The $17.7 billion valuation, or about $95 per Tesla share, is notably lower than the $244 a share… Continue reading Morgan Stanley: Tesla’s autonomous ride-sharing network is worth one-tenth of Waymo
Author: Tech Crunch Online News
Apple is late to a self driving milestone — its first test car accident
Apple’s secretive self-driving vehicle program has disclosed its first accident, according to a report filed with the California Department of Motor Vehicles. The low speed accident, which occurred August 24, is a milestone of sorts for the company, albeit not one that is being celebrated. These days, as more companies head out onto public streets… Continue reading Apple is late to a self driving milestone — its first test car accident
Avrios has quietly raised $14M for an AI-fueled fleet management platform
Swiss startup Avrios reckons business mobility is going to get a whole lot more interesting as companies adopt more tailored mobility solutions, rather than sticking with the traditional one car per person model. And at the same time as businesses are seeking to accelerate their progressive cred by moving away from combustion cars to greener alternatives, new… Continue reading Avrios has quietly raised $14M for an AI-fueled fleet management platform
Skip and Scoot are the only companies awarded scooter permits in SF
The great San Francisco scooter decision has been made. And Skip and Scoot have claimed the prize. The San Francisco Municipal Transportation Agency (SFMTA) issued one-year permits to Skip and Scoot on Thursday, a decision that ends months of waiting for 12 companies that applied to operate within the city. JUMP, which Uber acquired in April, as well as Lyft, Skip,… Continue reading Skip and Scoot are the only companies awarded scooter permits in SF
In recruiting win, GM’s Cruise employees offered equity in Cruise
In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC. The filing, which also lists the initial officers of GM Cruise… Continue reading In recruiting win, GM’s Cruise employees offered equity in Cruise
BlackRock pushes for separation of powers at Tesla
The world’s largest investor is joining the chorus of voices pushing for a separation of powers at the electric vehicle, solar panel and battery manufacturer, Tesla. Funds managed by BlackRock, a top 10 shareholder in the electric vehicle company run by Elon Musk (and the manager of roughly $6.3 trillion in global assets), joined calls… Continue reading BlackRock pushes for separation of powers at Tesla
Tesla is having some big network issues
Tesla’s fleet internet network and website appear to currently be down for some users and it’s causing problems for vehicle owners who rely on the Tesla app. Electrek reported on the outage earlier and users across Twitter have been complaining about being unable to log into the company’s desktop site or mobile app. Reports have been… Continue reading Tesla is having some big network issues
China’s Byton is sending its electric SUV prototypes to the U.S.
That’s when self-driving vehicle technology startup Aurora will take over. Kirsten Korosec 7 hours Byton, the new China-based automaker founded by former BMW and Infiniti executives, has produced the first 10 prototypes of its tech-centric all-electric SUV and some of them will be in the U.S. before the end of the year, company president and co-founder… Continue reading China’s Byton is sending its electric SUV prototypes to the U.S.
AutoX is using its self-driving vehicles to deliver groceries
Autonomous vehicle startup AutoX has launched a grocery delivery and mobile store pilot in a partnership with GrubMarket.com and local high-end grocery store DeMartini Orchard. The pilot will initially be limited to an area of about 400 homes in north San Jose. The company, which employees nearly 90 people, has just two autonomous vehicles that… Continue reading AutoX is using its self-driving vehicles to deliver groceries
Waymo opens subsidiary in China
Waymo, the former Google self-driving project that spun out to become a business under Alphabet, has opened a subsidiary in China. The unit, called Huimo Business Consulting Co., opened in Shanghai on May 22, according to a filing with China’s National Enterprise Credit Information Publicity System. China Money Network was the first to report on… Continue reading Waymo opens subsidiary in China