Category: News Site

We spoke to a Waymo One customer about how robot taxis get confused by rainstorms

Last month, Waymo launched its first self-driving taxi service — Waymo One — in Phoenix, Arizona, but you would hardly know it by scrolling through your feed. No Facebook posts, no live-streaming videos, no tweets. We don’t know how many people are using the Google offshoot’s self-driving minivans (Waymo won’t say), but the ones that… Continue reading We spoke to a Waymo One customer about how robot taxis get confused by rainstorms

Small electric cars may be unaffordable for some: VW chairman to newspaper

FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the… Continue reading Small electric cars may be unaffordable for some: VW chairman to newspaper

2100 Euro occupational pension per day

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Uber, Cabify cars are attacked in Spain; police arrest 7

Uber, Cabify cars are attacked in Spain; police arrest 7 | Cab Trade News Javascript must be enabled for the correct page display Skip to Content Comments are closed. Subscribe2 We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume… Continue reading Uber, Cabify cars are attacked in Spain; police arrest 7

Dealers want free Wi-Fi in pedestrian areas

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55 pension for lignite workers?

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Elon Musk SEC Lawsuit Stems From Misleading Tweets To Take Tesla Private

SEC sues Tesla CEO Elon Musk for securities fraud.

The Securities and Exchange Commission has filed a lawsuit against Tesla CEO Elon Musk for a series of posts on Twitter where he suggested taking his company private at a stock price of $420 per share.

Court documents filed on Thursday show that SEC charged Musk for securities fraud due to misleading tweets. According to CNBC, sources close to the company also expect Tesla to be sued albeit the company was not named as defendant in the complaint.

The complaint alleges that Musk issued false and misleading statements that funding was secured for a Tesla buyout.

The statements were posted on Twitter in August. Less than three weeks after the controversial tweet, Tesla announced it will remain pubic.

“Musk’s statements, disseminated via Twitter, falsely indicated that, should he so choose, it was virtually certain that he could take Tesla private at a purchase price that reflected a substantial premium over Tesla stock’s then-current share price,” the filing from the Southern District of New York reads.

SEC said that Musk’s tweets caused significant disruption, and now seeks civil penalties sans noting an amount. It also wants to bar the billionaire from serving as an officer or director of any public company.

“Corporate officers hold positions of trust in our markets and have important responsibilities to shareholders,” Steven Peikin, co-Director of the SEC’s Enforcement Division, said in a press release.

During a press conference held on Thursday evening regarding the complaint, Stephanie Avakian, co-director of the SEC’s division of enforcement, enumerated the responsibilities that Musk should have as chairman and CEO of a public company.

“Those responsibilities include the need to be scrupulous and careful about the truth and accuracy of statements made to the investing public,” Avakian said.

In response to the SEC complaint, Musk said that the allegations are unjustified. He also said that he has always taken actions in the best interest of investors, truth and transparency. Amid issues of making misleading statements, Musk said that he never compromised his integrity.

In a statement released on Thursday evening, Tesla and the company’s board showed support to their CEO. The statement attributes Elon’s integrity and leadership for transforming Tesla into the most successful auto company in the United States in over a century.

Tesla shares dropped more than 13 percent in extended trading on Thursday following news of the lawsuit. The stock is around 30 percent below its 52-week high of $387.46.

Lime, Bird said to raise millions in new funding at far lower valuation

January 20, 2019 Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty… Continue reading Lime, Bird said to raise millions in new funding at far lower valuation

Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – A French government delegation has informed Tokyo that it would seek an integration of Renault (RENA.PA) and Nissan (7201.T), most likely under the umbrella of… Continue reading Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei