The growing production pressures and increased scrutiny on Tesla seem to be taking an emotional toll on the company’s CEO, Elon Musk. In an interview with the New York Times, Musk said he typically works as many as 120 hours a week, and that it’s been nearly 20 years since he took a week-long vacation.… Continue reading ‘All night — no friends, nothing:’ Elon Musk describes the lonely 24 hours he spent working at Tesla on his 47th birthday
Tag: Mobility
Cox Automotive forms new business division after acquiring tech platform
By Eric Mandel – Digital Producer , Atlanta Business Chronicle Aug 13, 2018, 11:11am EDT Cox Enterprises Inc. is speeding into another venture, with the formation of a new business division inside its automotive subsidiary. The Atlanta-based company said Monday that Cox Automotive is leveraging its recent acquisition of Clutch Technologies to create Mobility Solutions Group,… Continue reading Cox Automotive forms new business division after acquiring tech platform
‘The most difficult and painful year of my career’: Tesla CEO Elon Musk opens up about personal and professional struggles in revealing interview (TSLA)
Tesla CEO Elon Musk said the past year has been “the most difficult and painful year of my career,” in a revealing New York Times interview published Thursday night. Musk admitted that he has been charging full speed ahead in all directions — with the production of his electric-car company’s first mass-market vehicle, the Tesla… Continue reading ‘The most difficult and painful year of my career’: Tesla CEO Elon Musk opens up about personal and professional struggles in revealing interview (TSLA)
First Complete FF 91 Body-In-White (BiW) For Assembly Starts Build Path At Faraday Future Hanford Facility
– Key suppliers working side-by-side with FF BiW team to meet or beat deadlines – FF team on site projects first FF 91 user cars likely to be ready in December as announced LOS ANGELES, July 30, 2018 /PRNewswire/ — Faraday Future (FF) announces today that the first complete body-in-white (BiW) for the FF 91 all-purpose fully connected… Continue reading First Complete FF 91 Body-In-White (BiW) For Assembly Starts Build Path At Faraday Future Hanford Facility
A Waymo engineer told us why a virtual-world simulation is crucial to the future of self-driving cars (GOOGL)
Editor’s note: Business Insider had the chance to speak with Waymo employees from different parts of the company to learn more about their work. What we discovered were some of the coolest jobs at Alphabet, Waymo’s parent company. This is the second in the series. For a brief history of Waymo, click here. Waymo has… Continue reading A Waymo engineer told us why a virtual-world simulation is crucial to the future of self-driving cars (GOOGL)
Nuro and Kroger are deploying self-driving cars for grocery delivery in Arizona today
Self-driving car startup Nuro is ready to put autonomous vehicles on the road in partnership with Kroger to deliver groceries in Scottsdale, Arizona. This comes a couple of months after Nuro and Kroger announced their partnership to offer same-day deliveries. This pilot will serve a single Fry’s Food and Drug location in Scottsdale starting today. Customers… Continue reading Nuro and Kroger are deploying self-driving cars for grocery delivery in Arizona today
Ford says slow-and-steady will win the self-driving car race
Ford doesn’t want to be the first company to offer self-driving cars to the public; it it wants to be the brand most synonymous with the word “trust” — at least, that’s what the company says in its self-driving safety report, which it delivered to the US Department of Transportation Thursday. The 44-page document, entitled… Continue reading Ford says slow-and-steady will win the self-driving car race
Uber losses widen as it pours cash into new ventures
Uber’s losses widened in its second quarter as it poured cash into new services, such as food delivery and autonomous car technology, and aggressively expanded its core ride-hailing services overseas. The San Francisco-based company reported adjusted losses before interest, tax, depreciation and amortisation of $404m (£318m) for the three months to the end of June, compared to $304m… Continue reading Uber losses widen as it pours cash into new ventures
Uber narrows losses but growth slows
Uber narrowed its losses in the second quarter but remains a long way from turning a profit, according to company results published on Wednesday. The ride-hailing firm reported an $891m (£702m) net loss for the three months to 30 June, compared with a $1.1bn loss a year ago. Revenue growth slowed and the firm continues… Continue reading Uber narrows losses but growth slows
Uber reports Q2 losses of $404 million, up 32 percent from Q1
While Uber isn’t required to disclose its financial results, Uber has done so for the past few quarters as it gears up to go public next year. In Q2 2018, Uber’s net revenue was up 8 percent quarter-over-quarter, at $2.7 billion. Year-over-year, that’s a 51 percent increase. Uber recorded gross bookings — the total taken… Continue reading Uber reports Q2 losses of $404 million, up 32 percent from Q1