Velodyne Lidar CEO Anand Gopalan is leaving the lidar company at the end of July as the sensor supplier continues to struggle with internal drama. Gopalan, who was previously CTO, is leaving the top leadership position after about a year and a half on the job. Velodyne said Monday in a statement that a team… Continue reading Velodyne Lidar CEO resigns in latest internal drama
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The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before… Continue reading The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders
Lidar maker Velodyne loses its CEO amid internal chaos
Velodyne, a leading manufacturer of lidar laser sensors, announced that CEO Anand Gopalan would be stepping down. The news comes as the sensor company has been embroiled in a bitter war between its founder, David Hall, and the company’s board of directors. Gopalan, who previously served as Velodyne’s chief technology officer before taking the reins… Continue reading Lidar maker Velodyne loses its CEO amid internal chaos
Uber CEO says ride prices will be close to normal by September
Uber CEO Dara Khosrowshahi said that ride prices will return “to nearly the good old days” by September, The New York Times reported on Thursday. During the pandemic, the popular ride-sharing app lost billions as people isolated at home. Now, users are opening the black-and-white app again — only to be shocked by high prices… Continue reading Uber CEO says ride prices will be close to normal by September
Elon Musk is defending Tesla’s acquisition of SolarCity against angry shareholders. This is the story of how it was transformed into Tesla Energy.
SolarCity was founded in 2006 by Elon Musk’s cousins Lyndon and Peter Rive. SolarCity cofounder and former CEO Lyndon Rive.REUTERS/Rashid Umar Abbasi Musk’s cousins founded SolarCity at his suggestion, and Musk injected $10 million into the project himself. The company initially enjoyed success, and in 2013 became the top residential installer for solar panels in… Continue reading Elon Musk is defending Tesla’s acquisition of SolarCity against angry shareholders. This is the story of how it was transformed into Tesla Energy.
Ford Announces Petrol Fragrance to Appease Nostalgic EV Owners
Who says you can’t huff petrol while driving an EV? Mach-Eau Ford has launched a new petrol-scented fragrance called “Mach-Eau,” designed to appease nostalgic owners of the upcoming Mach-E GT, a sporty variant of its first first fully electric Mustang. And, no, this isn’t an extremely late “Voltswagen”-level disaster of an April Fool’s joke. The… Continue reading Ford Announces Petrol Fragrance to Appease Nostalgic EV Owners
Uber CEO: CEOs are paid too much (UBER)
Uber CEO Dara Khosrowshahi thinks his fellow C-suiters are overpaid, he told The New York Times. He made around $12 million in 2020 and more than $42 million in 2019, when you include stock bonuses. CEO pay rose sharply in 2020, with several executives raking in paydays in excess of $100 million. See more stories… Continue reading Uber CEO: CEOs are paid too much (UBER)
Uber’s CEO says he ‘nearly got killed’ while delivering for UberEats on bike in San Francisco (UBER)
Uber’s CEO delivered food for UberEats, and he told The New York Times he “nearly got killed.” Dara Khosrowshahi said “traffic was nuts” as he rode his bike near a baseball park in San Francisco. He said he spent time delivering food in late June and made about 0.3% of his daily salary. See more… Continue reading Uber’s CEO says he ‘nearly got killed’ while delivering for UberEats on bike in San Francisco (UBER)
Rivian delays first electric pickup deliveries to September
Rivian has delayed the first deliveries of its long-awaited electric pickup truck again, this time until September. Rivian CEO RJ Scaringe broke the news to buyers in an email sent Friday morning. The Amazon and Ford-backed EV startup originally planned to start delivering its electric pickup, the R1T, and its SUV, the R1S, in 2020.… Continue reading Rivian delays first electric pickup deliveries to September
Uber negotiated a huge cut to a $59 million fine it received for refusing to share data about sexual assaults on its service
Uber was fined $59 million last year for refusing to disclose data on 3,000 sexual-assault reports. The company negotiated that fine down to $150,000 and won’t have to disclose identifiable data. Uber will also donate $9 million to a victims’ relief fund and toward improving the industry. See more stories on Insider’s business page. Uber… Continue reading Uber negotiated a huge cut to a $59 million fine it received for refusing to share data about sexual assaults on its service