Consumer Reports proved that a Tesla will drive with nobody behind the wheel following fatal crash (TSLA)

Consumer Reports showed that it’s possible to turn on Tesla Autopilot with nobody behind the wheel. The firm’s car-testing director was able to sit in the passenger’s seat while the Tesla drove itself.  The demonstration comes after a fatal Tesla crash where authorities said nobody was driving.  See more stories on Insider’s business page. Consumer… Continue reading Consumer Reports proved that a Tesla will drive with nobody behind the wheel following fatal crash (TSLA)

Electrogenic finalises electric car conversions for Triumph Stag and Morgan 4/4

Oxford-based classic car converter Electrogenic has completed two world-first electric conversions for the Triumph Stag and Series II Morgan 4/4. Both the conversions are unique one-of-one cars and have been made to exacting customer specifications.  The electric Triumph Stag is a 1976 model, but it has had its 3.0-litre V8 engine removed. In place is… Continue reading Electrogenic finalises electric car conversions for Triumph Stag and Morgan 4/4

Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …

Shares of TuSimple Holdings Inc made a lackluster U.S. stock market debut on Thursday, giving the self-driving truck maker a market capitalization of $8.5 billion. TuSimple shares opened at $40.25, marginally higher than their initial public offering (IPO) price of $40 per share. The San Diego, California-based company sold about 27 million shares in its IPO… Continue reading Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …

TuSimple Announces Pricing of Initial Public Offering

SAN DIEGO, April 15, 2021 /PRNewswire/ — TuSimple Holdings Inc. (“TuSimple”), a global self-driving technology company, announced the pricing of its initial public offering of 33,783,783 shares of its Class A common stock at a price to the public of $40.00 per share, with 27,027,027 shares being offered by TuSimple and 6,756,756 shares being offered… Continue reading TuSimple Announces Pricing of Initial Public Offering

Revolt Token (RVLT) Backing Alternet Systems (ALYI) Gains Ground As Coinbase (COIN) Fuels Cryptocurrency Market

ALYI’s EV Ecosystem is launching with the introduction of the Revolt Motorcycle. See Video Demo: https://www.youtube.com/watch?v=ZvL3Ij3bnGo Today, RevoltTOKEN CEO Henryk Dabrowski reported that he expects to soon launch a new website for the direct sale of Revolt Tokens that includes improved purchasing functionality streamlining the process to register and conduct the know-your-customer prerequisites.   Mr. Dabrowski… Continue reading Revolt Token (RVLT) Backing Alternet Systems (ALYI) Gains Ground As Coinbase (COIN) Fuels Cryptocurrency Market

Daily Crunch: Spotify unveils an in-car entertainment system

Spotify wants to have a bigger presence in your car, Apple hints at iPad-centric announcements and Microsoft’s new Surface Laptop goes on sale. This is your Daily Crunch for April 13, 2021. The big story: Spotify unveils an in-car entertainment system Spotify’s new device is the oddly (but memorably!) named Car Thing. While there are… Continue reading Daily Crunch: Spotify unveils an in-car entertainment system

Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages

Bloomberg Foxconn’s Profit Misses Estimates as Pivot to Cars Accelerates (Bloomberg) — Hon Hai Precision Industry Co. warned that component shortages could persist till 2022 and affect under a tenth of its shipments, amplifying concerns that a global chip crunch could extend well beyond this year.The assembler of most of the world’s iPhones follows fellow… Continue reading Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages

Romeo Power Earnings On Tap As EV Battery Demand Soars

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos… Continue reading Romeo Power Earnings On Tap As EV Battery Demand Soars

Aviation startup Lilium to float in US via $3.3 billion SPAC deal

By Douglas Busvine 4 Min Read BERLIN (Reuters) -German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business at $3.3 billion. An undated handout picture from Munich flying taxi startup… Continue reading Aviation startup Lilium to float in US via $3.3 billion SPAC deal

UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination with AJAX I, a special purpose acquisition… Continue reading UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B