Elon Musk has confirmed that Tesla will not offer a regular steering wheel option on new Model S and Model X vehicles. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the actual shape of the wheel being problematic and others about the lack… Continue reading Elon Musk confirms Tesla will not offer a regular steering wheel on new Model S/X
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Rivian is planning to build a second EV factory in the US
Electric vehicle manufacturer Rivian is planning to build a second factory. The company may make battery cells as well as EVs at the plant, should it come to fruition. Rivian might make an announcement within the next couple of months and Reuters reports construction could start next year. Rivian spokesperson Amy Mast confirmed to the… Continue reading Rivian is planning to build a second EV factory in the US
Waymo to open offices in Pittsburgh, an AV tech hub
Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub
Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
Fisker Inc. has recently shared plans to debut its upcoming Ocean SUV during the 2021 Los Angeles Auto Show, taking place this November. Furthermore, the born-again EV automaker has also shared a timeline for global “Brand Experience Centers,” set to roll out in the US and Europe in 2022. Fisker Inc. ($FSR) is an EV… Continue reading Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US
Tesla (TSLA) is going on a salesforce hiring spree as demand is expected to ramp up in the US. However, the automaker is focusing on part-time positions to cut costs. Sources familiar with the matter told Electrek that Tesla is embarking on a new hiring spree for sales staff in North America. The hiring spree… Continue reading Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US
Lucid Motors’ $4.5 billion merger is being held up by spam filters
Lucid Motors is on the precipice of completing a merger that will give the Saudi-owned electric vehicle startup $4.5 billion in fresh capital. But the deal is being held up, in part, by spam filters. The California-based startup is merging with a special purpose acquisition company, or SPAC, called Churchill Capital IV that is already… Continue reading Lucid Motors’ $4.5 billion merger is being held up by spam filters
Faraday Future just became a publicly traded company
Electric vehicle startup Faraday future is a publicly traded company. It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh… Continue reading Faraday Future just became a publicly traded company
Self-driving leader Argo AI’s CEO explains how his new deal with Lyft helps the startup clear a critical hurdle
Robotaxis from Argo AI and Ford are coming to Miami this year and Austin in 2022. Lyft’s customer base and data made it an attractive partner, Argo CEO Bryan Salesky said. He’s looking forward to getting feedback from riders outside the company. Five years after its founding, Argo AI had an automated-driving system that had… Continue reading Self-driving leader Argo AI’s CEO explains how his new deal with Lyft helps the startup clear a critical hurdle
‘I might pump but I don’t dump’: Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey
Elon Musk REUTERS/Mike Blake Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. “If the price of bitcoin goes down, I lose money. I might pump but I don’t dump,” Musk said during “The B Word” event. Musk spoke on the panel alongside Twitter chief Jack… Continue reading ‘I might pump but I don’t dump’: Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey
Auto software company Sonatus raises $35 million from Hyundai Motor Group, SAIC Capital
California-grown automotive software company Sonatus raised $35 million in a Series A round that attracted high-profile technology and automotive industry companies including Hyundai Motor Group’s Kia Corporation, SAIC Capital and LG Electronics. Silicon Valley VC Translink Capital led the round, with other investors including Marvell Technology, UMC Capital and Wanxiang Group Company. Sonatus, which was… Continue reading Auto software company Sonatus raises $35 million from Hyundai Motor Group, SAIC Capital