Electric vehicle maker Rivian generated $663 million in revenue in the fourth quarter and $1.66 billion for the full year, a result that was buoyed by an uptick in production and deliveries towards the end of the year but still wasn’t enough to meet Wall Street’s expectations. Yahoo analysts surveyed expected Rivian to generate $742.4… Continue reading Rivian shares fall on missed revenue expectations, production forecast
Author: Tech Crunch Online News
Tesla’s next factory will be in Mexico, president confirms
Tesla plans to build a new factory in Monterrey, Mexico, the country’s president said Tuesday, confirming speculation that the automaker would set up shop there. Notably, Tesla has agreed to use recycled water, addressing a major environmental concern in northern Mexico, President Andrés Manuel López Obrador said. Tesla will share more information about the new factory… Continue reading Tesla’s next factory will be in Mexico, president confirms
Waymo to test driverless rides with employees in Los Angeles
Waymo will begin testing its autonomous Jaguar I-Paces without a human safety operator in Los Angeles in the next couple of weeks. This is the company’s next step on its path to commercializing robotaxi services in its second California city. To start, only employees will be able to hail rides in the driverless robotaxis. While… Continue reading Waymo to test driverless rides with employees in Los Angeles
Inside the Sony-Honda Afeela concept
If it wasn’t clear earlier this year when Sony and Honda revealed the concept Afeela EV, it is now: This new joint-venture concept car is all about leveraging entertainment. The company, known as Sony Honda Mobility (SHM) is a joint venture between the Japanese entertainment and tech giant Sony, and the Japanese automaker, Honda. It… Continue reading Inside the Sony-Honda Afeela concept
Tesla pauses rollout of Full Self-Driving beta software
Tesla paused the rollout of its Full Self-Driving beta software in the United States and Canada following a recall of the system that federal safety regulators warned could allow vehicles to act unsafe around intersections and cause crashes. Tesla said in a new company support page that new or pending installations of FSD beta software —… Continue reading Tesla pauses rollout of Full Self-Driving beta software
EV SPACs struggle, Mercedes shows its OS hand and Cruise passes the 1 million-mile mark
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading EV SPACs struggle, Mercedes shows its OS hand and Cruise passes the 1 million-mile mark
Air taxi rivals Wisk and Archer will enter mediation in March in trade secret theft suit
Wisk Aero and Archer Aviation will be entering mediation for a second time at the end of March, nearly two years after the rivals commenced a bitter court battle over Wisk’s allegations that the newer air taxi entrant stole trade secrets, TechCrunch has exclusively learned. “We remain open to a potential resolution of the case… Continue reading Air taxi rivals Wisk and Archer will enter mediation in March in trade secret theft suit
Ford Lightning production to remain halted for another week
Ford has extended a production shutdown of its all-electric Ford Lightning pickup truck by another week. Ford initially paused production and shipments of the Ford Lightning on February due to a potential battery issue and a day after a battery fire. Ford and its battery cell manufacturing partner SK have identified the problem, the automaker… Continue reading Ford Lightning production to remain halted for another week
Sono Motors has killed off its Sion EV in a pivot to solar tech business
Sono Motors is ending its long-awaited electric car program and instead pivoting to a business that aims to sell its solar vehicle technology to other companies. The German-based company, which went public in November 2022, announced Friday it is laying off 300 employees as a result of the change in business model. COO Thomas Hausch… Continue reading Sono Motors has killed off its Sion EV in a pivot to solar tech business
SEC says Elon Musk still needs lawyer to approve his tweets
The U.S. Securities and Exchange Commission (SEC) says Tesla CEO Elon Musk still needs to get pre-approval from lawyers before tweeting Tesla-related information. The SEC penned its renewed stance this week in a letter to the U.S. Court of Appeals for the 2nd Circuit in New York, arguing that an earlier settlement agreement between the… Continue reading SEC says Elon Musk still needs lawyer to approve his tweets