Waymo, the self-driving technology unit under Alphabet, quietly laid off workers Monday, according to The Information and several posts on LinkedIn and Blind. The cuts at the autonomous vehicle company follow a swell of layoffs at Alphabet and Google late last week. It’s not yet clear how many of Waymo’s staff will be affected, and… Continue reading Waymo lays off staff as Alphabet announces 12,000 job cuts
Author: Tech Crunch Online News
Big factories, big trucks and big Musk: Tesla Q4 earnings expectations
Tesla’s fourth-quarter and full-year 2022 earnings are upon us, and with it expectations from Wall Street for the electric vehicle maker to hit revenue for the quarter of $24.03 billion and adjusted earnings per share to land around $1.13, according to Yahoo Finance data. If Tesla hits that revenue estimate, it’ll mark a record for the… Continue reading Big factories, big trucks and big Musk: Tesla Q4 earnings expectations
Japan’s Terra Drone gets $14M lift from Saudi investors
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia. The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97… Continue reading Japan’s Terra Drone gets $14M lift from Saudi investors
Tesla invests $3.6B in two new Nevada factories to build Semis and cells
Tesla is investing $3.6 billion into expanding its existing gigafactory in Nevada. Confirming White House reports from earlier today, the company said it will build two new production facilities in the state — a 100-gigawatt-hour battery cell factory and Tesla’s first high-volume Semi truck factory. Taking up a combined 4 million square feet of space,… Continue reading Tesla invests $3.6B in two new Nevada factories to build Semis and cells
Honda is setting up a dedicated EV division
Honda is establishing a division dedicated to the development of electric vehicles and other electrical products including storage and generation, the company said on Tuesday (via Reuters). The Japanese automaker somewhat lags the rest of the market when it comes to EVs to date. Last year, Honda announced expansive plans to electrify its lineup, including… Continue reading Honda is setting up a dedicated EV division
Lyft adds wait-time fees, nearly seven years after Uber
Lyft has introduced wait-time fees — in other words, charges incurred if a Lyft driver has to wait for you upon pickup. The rideshare platform hasn’t had these previously, despite its main competitor Uber having them since 2016. Lyft’s wait-time fees kick in two minutes after on-time arrival for standard rides and five minutes after… Continue reading Lyft adds wait-time fees, nearly seven years after Uber
Lightyear stops production on €250,000 solar-powered EV
Solar-powered electric vehicle maker Lightyear said it’s halting production on its flagship Lightyear 0, its premium EV with a sticker price of €250,000. Despite only starting production on the vehicle three months ago, Lightyear is restructuring to focus on building a more affordable model, the Lightyear 2 for around €40,000, reports Electrek. The news comes… Continue reading Lightyear stops production on €250,000 solar-powered EV
Bluedot’s debit card for EV owners offers cheaper charging, cash back
Electric vehicles accounted for nearly 6% of all new cars sold in the U.S. in 2022, an increase from 3.1% the year before, and that number will continue to grow over the coming years. While it’s still a young industry, the ecosystem surrounding EVs — from EV charging and installation to insurance products and parking… Continue reading Bluedot’s debit card for EV owners offers cheaper charging, cash back
Musk said he could have funded a Tesla buyout with SpaceX shares
Elon Musk testified Monday that he was not only certain he’d have the backing from Saudi financiers to take Tesla private in 2018, but also that he could have sold enough shares of his rocket company SpaceX to fund a buyout. Musk defended himself as part of an ongoing lawsuit against the CEO for allegedly… Continue reading Musk said he could have funded a Tesla buyout with SpaceX shares
Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO
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 Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO