(Reuters) – Federal regulators are pressing Tesla Inc’s (TSLA.O) directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. FILE PHOTO: Tesla Motors… Continue reading UPDATE 1-SEC pressing Tesla directors for details on communications with Musk – WSJ
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SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal
(Reuters) – Federal regulators are pressing Tesla Inc’s (TSLA.O) directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. FILE PHOTO: Tesla Motors… Continue reading SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal
After an inside look at Tesla’s Model 3 factory, one analyst says producing 8,000 cars a week is possible
Tesla is on track not only to churn out 5,000 Model 3s per week, but could even ramp production up to 8,000 with little impact on its spending.
A Waymo engineer told us why a virtual-world simulation is crucial to the future of self-driving cars (GOOGL)
Editor’s note: Business Insider had the chance to speak with Waymo employees from different parts of the company to learn more about their work. What we discovered were some of the coolest jobs at Alphabet, Waymo’s parent company. This is the second in the series. For a brief history of Waymo, click here. Waymo has… Continue reading A Waymo engineer told us why a virtual-world simulation is crucial to the future of self-driving cars (GOOGL)
Tesla on track to make 8,000 Model 3s per week, Evercore says
(Reuters) – Tesla Inc (TSLA.O) is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker’s California facility. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S.,… Continue reading Tesla on track to make 8,000 Model 3s per week, Evercore says
Nuro and Kroger are deploying self-driving cars for grocery delivery in Arizona today
Self-driving car startup Nuro is ready to put autonomous vehicles on the road in partnership with Kroger to deliver groceries in Scottsdale, Arizona. This comes a couple of months after Nuro and Kroger announced their partnership to offer same-day deliveries. This pilot will serve a single Fry’s Food and Drug location in Scottsdale starting today. Customers… Continue reading Nuro and Kroger are deploying self-driving cars for grocery delivery in Arizona today
Ford says slow-and-steady will win the self-driving car race
Ford doesn’t want to be the first company to offer self-driving cars to the public; it it wants to be the brand most synonymous with the word “trust” — at least, that’s what the company says in its self-driving safety report, which it delivered to the US Department of Transportation Thursday. The 44-page document, entitled… Continue reading Ford says slow-and-steady will win the self-driving car race
Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
BEIJING (Reuters) – Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. FILE PHOTO: An employee walks past as he checks on newly-produced… Continue reading Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
Uber narrows losses but growth slows
Uber narrowed its losses in the second quarter but remains a long way from turning a profit, according to company results published on Wednesday. The ride-hailing firm reported an $891m (£702m) net loss for the three months to 30 June, compared with a $1.1bn loss a year ago. Revenue growth slowed and the firm continues… Continue reading Uber narrows losses but growth slows
Uber reports Q2 losses of $404 million, up 32 percent from Q1
While Uber isn’t required to disclose its financial results, Uber has done so for the past few quarters as it gears up to go public next year. In Q2 2018, Uber’s net revenue was up 8 percent quarter-over-quarter, at $2.7 billion. Year-over-year, that’s a 51 percent increase. Uber recorded gross bookings — the total taken… Continue reading Uber reports Q2 losses of $404 million, up 32 percent from Q1