The robot car company Aurora is the first promising developer of future technology to go public. So far from, among others Amazon supported company takes – like many start-ups currently – an abbreviation via the merger with an already listed company shell, a so-called Spac (“Special Purpose Acquisition Company”). Aurora is valued at around eleven… Continue reading German Manager Magazin: 11 billion dollar valuation and hardly any income000951
Tag: Tesla
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.
Tesla launches subscription service for advanced driver assistance software
By Reuters Staff 1 Min Read FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo BERKELEY, California (Reuters) – Tesla Inc said on Saturday that it has introduced an option for some customers to subscribe to its advanced… Continue reading Tesla launches subscription service for advanced driver assistance software
Rivian delays production start to September, cites chip shortage
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is pushing back plans to start production of its debut vehicle, which was supposed to begin this month, until September. The startup also shifted the timeline for its second planned model, an electric sports-utility vehicle, from August until an unspecified time in the fall,… Continue reading Rivian delays production start to September, cites chip shortage
Amazon-backed Rivian to delay first EV deliveries until September
Rivian introduces all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo July 16 (Reuters) – Amazon.com Inc-backed (AMZN.O) electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written… Continue reading Amazon-backed Rivian to delay first EV deliveries until September
Autoliv Q2 Results Miss Estimates, Cuts 2021 Outlook
Reuters Tesla registrations in California surge 85% in second quarter – data California registrations for the Model Y, Tesla’s electric crossover utility vehicle, jumped more than sevenfold to 13,581, Cross-Sell data showed on Thursday. The focus is now on the company’s second-quarter earnings report due on July 26, with investors waiting to gauge if bitcoin’s… Continue reading Autoliv Q2 Results Miss Estimates, Cuts 2021 Outlook
@niche: REE Automotive announces body partnership with EAVX001044
Israeli start-up REE Automotive has partnered with a major US commercial-vehicle bodywork supplier as it targets the e-mobility market with a new platform. EAVX, owned by JB Poindexter, will collaborate with REE Automotive to develop commercial electric work trucks. Initially, REE and EAVX will work on a “next-generation” walk-in van for the US delivery market,… Continue reading @niche: REE Automotive announces body partnership with EAVX001044
Tesla to open Supercharger network to other automakers in Europe next year
Back in 2012, when Tesla introduced Model S, public chargers were almost nonexistent. Electric road trips were impractical, and the paucity of infrastructure was a major consumer objection to buying an EV (it still is). Frustrated with the slow pace of development of an EV fast charging standard, Tesla rolled out its own, and the… Continue reading Tesla to open Supercharger network to other automakers in Europe next year
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)
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)