Jul 26, 2018, 6:26am PDT Self-driving car company Zoox is on a growth streak in more than one sense, landing $500 million in new funding and moving into a new Foster City headquarters this year. Zoox’s $500 million funding round brought its valuation to $3.2 billion. The money will help fuel Zoox’s focus on building… Continue reading Look inside the new headquarters of self-driving car company Zoox in Foster City
Tag: Tesla
Tesla explains why it asked some suppliers for retroactive discounts
Tesla has responded to a report in the Wall Street Journal Sunday that the company asked a supplier last week to return a “meaningful amount of money of its payments since 2016.”
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
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Here’s why Tesla’s Model 3 may face declining demand, despite Elon Musk’s claims
Recently, Elon Musk lashed out at a new analysis claiming that nearly a quarter of the more than 400,000 advance reservations for Tesla‘s Model 3 battery-sedan have been canceled.
Pininfarina PFO Electric Hypercar Will Reach Top Speed Of 250 MPH: Will It Beat The Tesla Roadster?
The Pininfarina PFO electric hypercar will feature a top speed of 250 miles per hour, a zero to 60 miles per hour time faster than 2 seconds, and a range of 300 miles. Will it beat the new Tesla Roadster? ( Automobil Pininfarina ) The Pininfarina PFO electric hypercar, a Tesla Roadster challenger that is… Continue reading Pininfarina PFO Electric Hypercar Will Reach Top Speed Of 250 MPH: Will It Beat The Tesla Roadster?
Tesla to unveil new model in St. Louis
Tesla said they have received nearly a half-million reservations for the new model. The Model 3 also was awarded Design of the Year by Automobile Magazine and designated a “recommended buy” by Consumer Reports. Read more from the St. Louis Business Journal: Rental scooters off St. Louis streets — for now How likely are you… Continue reading Tesla to unveil new model in St. Louis
Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO
Voyage, the autonomous driving startup that currently operates self-driving cars in retirement communities, has brought on its first CTO, Drew Gray. Gray most recently worked at Uber as its director of engineering, leading the deep learning and perception team in San Francisco, according to his LinkedIn. This comes shortly after the company poached Uber’s head… Continue reading Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO
Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern
LONDON/TOKYO (Reuters) – Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. FILE PHOTO: A Panasonic Corp’s lithium-ion battery,… Continue reading Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern
Tesla says Model 3 refunds not outpacing deposits
(Reuters) – Tesla Inc (TSLA.O) denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker. FILE PHOTO: A Tesla Model 3 sedan, its first car aimed at the mass… Continue reading Tesla says Model 3 refunds not outpacing deposits