Tag: Tesla

Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation

China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation

Tesla reports record loss but says outlook is positive

Electric car maker Tesla has notched up its biggest ever quarterly loss and said it “learned many lessons” from its crucial Model 3 production plans. The firm’s future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m (£487m) in three months to 31… Continue reading Tesla reports record loss but says outlook is positive

Elon Musk’s self-driving strategy still doesn’t include LiDAR

Elon Musk’s vision of autonomous driving differs from a lot of Tesla’s competitors in that he’s been adamant that LiDAR isn’t a core component of his approach. It’s a stance that provokes a lot of debate among experts in the field, many of whom, including former Tesla employees, disagree that full autonomy can be managed… Continue reading Elon Musk’s self-driving strategy still doesn’t include LiDAR

Jon McNeill Joins Lyft as Chief Operating Officer

Today, we are incredibly excited to share that Jon McNeill will be joining Lyft as Chief Operating Officer. Jon is a world-class leader who brings deep experience as a highly successful entrepreneur and game-changing transportation executive. Last year, the Lyft community experienced more growth than in all previous years combined, growing rides by 2.3x and… Continue reading Jon McNeill Joins Lyft as Chief Operating Officer

Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive

After Tesla Autopilot had a difficult year with several delays for the release of features under the new hardware suite, Tesla is now promising those features in 2018 – along with the delayed fully self-driving demonstration. Home Solar Power Tesla wrote in its shareholders letter today: “The upcoming autonomous coast-to-coast drive will showcase a major… Continue reading Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive

Elon Musk’s Tesla announces biggest quarterly loss ever

Tesla Elon Musk’s Tesla announces biggest quarterly loss ever Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket After a big success for his SpaceX company, Musk’s Tesla reported a heavy loss. Photograph: Brendan Smialowski/AFP/Getty Images The tech billionaire Elon Musk sent one of his Tesla electric cars… Continue reading Elon Musk’s Tesla announces biggest quarterly loss ever

Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell

All articles and backgrounds 07/02/2018 Volkswagen and Daimler report bottlenecks trapped in German electric car production hell Volkswagen AG Gläserne Manufaktur in Dresden: This is where the E-Golf comes into being – in small numbers When it comes to e-Golf, Bernd Glathe is currently out of the picture. When customers look for the electric car… Continue reading Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell

GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

General Motors Co. defied a softening auto market with a surprise prediction that profit will remain steady this year and grow in 2019 thanks to a wave of new trucks and SUVs. Earnings this year will be consistent with the record result the company pre-reported on Tuesday. While GM is going to grapple with costs… Continue reading GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

First look at Ionity ‘ultra-fast’ charging network map of planned stations

Ionity, the new ‘ultra-fast’ joint electric car charging network by BMW, Mercedes, Ford and Volkswagen, is slowly starting to take shape in Europe and now we get to see the map of their planned stations for the first time. Home Solar Power This new network is believed by many to be the most important electric vehicle charging infrastructure effort… Continue reading First look at Ionity ‘ultra-fast’ charging network map of planned stations