Insurance is one of the few industries that have remained largely unchanged over the past few decades at a low level: You suffer losses as a direct result of something going south, and you get paid by your insurer. But that old model doesn’t always work. For example, a construction company in a region regularly… Continue reading Everything you need to know about parametric insurance
Author: Tech Crunch Online News
Tesla’s strategy to fuel EV sales? Keep cutting prices
Tesla may be a relative newcomer compared to legacy companies like GM and Ford, but it has adopted an age-old tactic in the industry: price wars. The automaker has lowered the sticker price on its vehicles in the U.S. and China numerous times since last fall. And any speculation that the cuts would stop in… Continue reading Tesla’s strategy to fuel EV sales? Keep cutting prices
Cruise recalls 300 robotaxis, issues software update after crashing into city bus
GM’s self-driving unit Cruise filed with federal regulators a voluntary recall to update the software in 300 robotaxis after one struck the back of a city bus in San Francisco. Cruise said in a report with the National Highway Transportation Safety Administration that it initiated the recall because in rare circumstances the software could inaccurately… Continue reading Cruise recalls 300 robotaxis, issues software update after crashing into city bus
Tesla China boss Tom Zhu named SVP as country sales boom
China has been a major sales driver for Tesla in recent times, thanks to the company’s aggressive price cuts. The country delivered 88,869 vehicles in March, according to fresh estimates from the China Passenger Car Association. That means more than half of the carmaker’s Q1 deliveries originated from its Shanghai factory. It’s no surprise then… Continue reading Tesla China boss Tom Zhu named SVP as country sales boom
JB Straubel could return to Tesla – as a board member this time
Tesla has nominated JB Straubel, the company’s former CTO who is now running his own startup Redwood Materials, as its next independent board member. The company said in a regulatory filing Thursday that Straubel, if elected by shareholders (which is almost a certainty) would take over the spot vacated by Hiromichi Mizuno, the former chief… Continue reading JB Straubel could return to Tesla – as a board member this time
The Kia EV9’s real killer app could be its software
When car companies use the term “flagship,” traditionally that means a high-end supercar or a plush luxury sedan. But the all-new 2024 Kia EV9 is a flagship of a different kind. It’s a crossover, for one. And a big one with three rows of seats, meant for big families. It’s electric, too, and capable of… Continue reading The Kia EV9’s real killer app could be its software
Everything that stood out to us at the 2023 New York Auto Show
“The auto show is dead.” That’s a refrain heard often by folks who cover the automotive industry. It’s true that these trade shows no longer mean two days of press conferences, sprawling new vehicle lineups from nearly every car company and extravagant offsite events. It’s also true that auto shows were downsizing even before the… Continue reading Everything that stood out to us at the 2023 New York Auto Show
Lyft re-launches EV service, starting with business travelers
Lyft is re-launching a feature that will allow riders to request an electric or hybrid vehicle for their next pickup. The service, Lyft Green, will initially only be available to business travelers in select cities when it begins April 17. Lyft had originally launched Lyft Green in 2019 in Seattle, with plans to scale across… Continue reading Lyft re-launches EV service, starting with business travelers
Tesla more than tripled its Austin gigafactory workforce in 2022
Tesla’s 2,500-acre manufacturing hub in Austin, Texas tripled its workforce last year, according to the company’s annual compliance report filed with county officials. Bloomberg first reported on the news. The report filed with Travis County’s Economic Development Program shows that Tesla increased its Austin workforce from just 3,523 contingent and permanent employees in 2021 to… Continue reading Tesla more than tripled its Austin gigafactory workforce in 2022
For SUVs and EVs, subtlety is out and plundering nature is in
Here in America, we like our steaks juicy, our tax subsidies to go to sports stadiums and our SUVs and crossovers to look as if they could venture into the wilderness and dominate the landscape at a moment’s notice. Maybe it’s anxiety from years of being cooped up inside during the height of the global… Continue reading For SUVs and EVs, subtlety is out and plundering nature is in