Tag: Lyft

Tesla underestimates complexity of running customer fleet-based robotaxi service, Uber CEO says

Tesla ride-hailing app Uber CEO Dara Khosrowshahi explains how Tesla is underestimating the complexity of running a customer fleet-based robotaxi ride-hailing service. For years now, Tesla CEO Elon Musk has talked about the automaker solving self-driving and enabling its fleet of millions of customer vehicles to be onboarded on a Tesla-run robotaxi ride-hailing service. He… Continue reading Tesla underestimates complexity of running customer fleet-based robotaxi service, Uber CEO says

Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.

As sales of its electric cars have fallen, Tesla and its chief executive, Elon Musk, have sought to convince Wall Street that the company’s future lies not in the grinding business of making and selling cars but in the far more exciting world of artificial intelligence. In Mr. Musk’s telling, one of Tesla’s main A.I.-based… Continue reading Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.

Payfare Announces Second Quarter 2024 Financial Results

Payfare generated net income of $4.9 million, and Adjusted net income per share1 of $0.16 in Q2 2024 TORONTO, Aug. 7, 2024 /PRNewswire/ – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access (“EWA”) company powering instant access to earnings and digital banking solutions for workforces, today announced the filing… Continue reading Payfare Announces Second Quarter 2024 Financial Results

Uber Partners With BYD to Put Its Drivers Into 100,000 EVs

(Bloomberg) — Uber Technologies Inc. will team up with BYD Co. to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the US. Most Read from Bloomberg Under the multiyear partnership, the two companies will offer drivers lower vehicle pricing and financing. The… Continue reading Uber Partners With BYD to Put Its Drivers Into 100,000 EVs

Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.

As sales of its electric cars have fallen, Tesla and its chief executive, Elon Musk, have sought to convince Wall Street that the company’s future lies not in the grinding business of making and selling cars but in the far more exciting world of artificial intelligence. In Mr. Musk’s telling, one of Tesla’s main A.I.-based… Continue reading Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.

California Supreme Court upholds classification of gig workers as independent contractors

Ride-share companies scored a victory in the California Supreme Court, allowing them to continue classifying gig workers as independent contractors rather than employees. Uber, Lyft, DoorDash and other gig-economy companies invested around $200 million in the passage of Proposition 22, which voters approved in 2020. The state’s highest court rejected a legal challenge from a… Continue reading California Supreme Court upholds classification of gig workers as independent contractors

Uber, Lyft, and DoorDash have finally won the Prop 22 gig worker battle

/ The ride-hailing and food delivery services won’t have to classify gig workers as employees. By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Share this story California Gig Workers Union members gather outside the Supreme… Continue reading Uber, Lyft, and DoorDash have finally won the Prop 22 gig worker battle

Lyft and Everlance Partner to Provide Tax Savings to Drivers

SAN FRANCISCO, July 25, 2024 /PRNewswire/ — Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem. This collaboration involves Everlance, an industry leader in providing tools for mobile workers, and Lyft (NASDAQ: LYFT), one of the largest transportation networks in North America, continuing to build and further the financial resources… Continue reading Lyft and Everlance Partner to Provide Tax Savings to Drivers