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
Category: Tech News
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Elon Musk doesn’t care if the Cybertruck flops (TSLA)
Elon Musk doesn’t care if the Cybertruck doesn’t sell, he said Thursday. The Tesla CEO admitted the truck looks like nothing else on the market today. Musk also took a swipe at the other truck makers, saying all their models look the same. See more stories on Insider’s business page. Elon Musk dismissed criticism of… Continue reading Elon Musk doesn’t care if the Cybertruck flops (TSLA)
GM expands Ultium Charge 360 program to commercial fleets to accelerate EV adoption
In an announcement this morning, General Motors (GM) has unveiled plans to expand its newly formed Ultium Charge 360 program to include commercial fleets. GM’s holistic approach to charging infrastructure and acceleration of electrified fleets already has five partners onboard, including EVgo. GM’s Ultium Charge 360 program was first introduced in April as a simplified… Continue reading GM expands Ultium Charge 360 program to commercial fleets to accelerate EV adoption
Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
Elon Musk. Britta Pedersen-Pool/Getty Images Tesla’s launch of a flying car is a matter of when, not if, according to a note from Morgan Stanley. Morgan Stanley thinks a flying car business could be worth as much as $1,000 per share for Tesla. “The chance that Tesla does not ultimately offer products and services to… Continue reading Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
General Motors has warned owners of 51,000 previously recalled Chevrolet Bolt EVs that they might still pose a fire risk
GM has told some Chevrolet Bolt EV owners to park their vehicles outside immediately after charging. The automaker said it had been “notified of two recent Chevrolet Bolt EV fire incidents.” GM recalled more than 50,000 Bolt EVs in November after reports of battery fires. See more stories on Insider’s business page. General Motors (GM) has… Continue reading General Motors has warned owners of 51,000 previously recalled Chevrolet Bolt EVs that they might still pose a fire risk
GM asks Chevy Bolt EV owners not to charge overnight or park inside after 2 more fires
There have been three recent Chevy Bolt EV fires, two within the past 2 weeks. One in May which had the temporary recall, another July 1st which had the final software update in Vermont, and another with the final update in New Jersey in the past week or so. GM has updated their recall page… Continue reading GM asks Chevy Bolt EV owners not to charge overnight or park inside after 2 more fires
EU proposes phasing out new internal combustion cars by 2035
The European Union has proposed phasing out gas-powered internal combustion engine vehicles by 2035, part of a sweeping new plan to drastically reduce carbon emissions on the continent. If passed, the legislation would require a 55 percent cut in overall CO2 emissions from new vehicles by 2030 compared to current levels. As it stands, the… Continue reading EU proposes phasing out new internal combustion cars by 2035
Read Elon Musk’s wildest remarks in court, as he says Tesla would die without him and that naming himself ‘technoking’ drove sales (TSLA)
Elon Musk appeared in court on Monday to defend Tesla’s acquisition of SolarCity in 2016. Things got testy between Musk and the plaintiffs’ attorney. Musk said he hates running Tesla and could have worked on Wall Street. See more stories on Insider’s business page. Elon Musk took the stand on Monday to defend Tesla’s 2016… Continue reading Read Elon Musk’s wildest remarks in court, as he says Tesla would die without him and that naming himself ‘technoking’ drove sales (TSLA)
Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Swedish electric aviation startup Heart Aerospace has received its biggest order to date: 200 of its inaugural ES-19 electric aircraft from aviation giant United Airlines and its regional airline partner Mesa Air Group. The deal, which includes an option of purchasing up to 100 additional aircraft, was announced together with a $35 million Series A… Continue reading Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Tesla 4680 battery cell: LG & Samsung reportedly produced samples as they eye big contract
LG Energy Solutions and Samsung SDI have both reportedly completed the first sample cells of Tesla’s 4680 battery cell as they eye a big contract from the automaker. Last year, Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry. The automaker claims to have solved… Continue reading Tesla 4680 battery cell: LG & Samsung reportedly produced samples as they eye big contract