Elon Musk set a lofty goal last year: 1 million Tesla robotaxis by the end of 2020. But on Wednesday, the billionaire softened his tone. “Punctuality is not my strong suit, but I always come through in the end,” he said on a conference call. It’s been one year since Elon Musk announced his bold… Continue reading Elon Musk admits Tesla’s plan for a million-strong robotaxi network may not happen this year after all (TSLA, UBER)
Tag: Lyft
Lyft ends electric scooter operations in Oakland, Austin and San Jose
Lyft, which just had a massive round of layoffs wherein 982 people lost their jobs and 288 were furloughed, is also pumping the brakes on its scooter operations in a handful of cities. “We’re focusing our resources where we can have the biggest impact and best serve cities and riders,” a Lyft spokesperson said in… Continue reading Lyft ends electric scooter operations in Oakland, Austin and San Jose
Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic
Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an additional 288, due to the effects of the COVID-19 pandemic… Continue reading Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic
Lyft: Lyft Announces Date of First Quarter 2020 Results Conference Call and Withdraws Full-Year 2020 Guidance
SAN FRANCISCO, April 21, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its first quarter ended March 31, 2020 after the close of the market on Wednesday, May 6, 2020. On the same day, Lyft will host a conference call at 1:30 p.m.… Continue reading Lyft: Lyft Announces Date of First Quarter 2020 Results Conference Call and Withdraws Full-Year 2020 Guidance
Uber will broaden out beyond ride hailing and food delivery during the pandemic to courier packages, medicine, and pet supplies
Uber will expand beyond its core ride-hailing and food-delivery services with a broader courier service for packages, medication, and pet supplies. The ride-hailing giant’s efforts fall under two initiatives, called “Uber Direct” and “Uber Connect.” Uber Direct lets users order items from select retailers and have them delivered directly to their door, while Uber Connect… Continue reading Uber will broaden out beyond ride hailing and food delivery during the pandemic to courier packages, medicine, and pet supplies
@Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility
Toyota Research Institute (TRI) Executive Vice President and Chief Financial Officer, Kelly Kay, is a proponent of change. So much so, she’s centered her entire career around helping companies transform and grow. Early in her career, which began in the banking industry, she helped move the company online at a time when no one else… Continue reading @Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility
Broken partnership: mobility service Gett claims high compensation from VW
Volkswagen and Gett Matthias Müller (left), then Chairman of the Board of Management of Volkswagen AG, and Shahar Waiser, founder and head of the travel agent Gett, will announce a comprehensive cooperation in Berlin in summer 2016. (Photo: dpa) Düsseldorf It should be a large and comprehensive collaboration. Quit almost four years ago Volkswagen and… Continue reading Broken partnership: mobility service Gett claims high compensation from VW
Lyft: Update from our Co-Founders
First, we know no words will do justice to everyone’s individual experience over the last couple weeks. All of us at Lyft feel the weight of our responsibility to the community, particularly right now. Today we wanted to share some of our initial efforts to help. Connecting drivers with additional sources of income While ride… Continue reading Lyft: Update from our Co-Founders
Ola suspends shared ride option in India
Ride-hailing giant Ola said on Friday evening that it is temporarily suspending pool rides on its platform, called Ola Share, in India in a bid to slow the coronavirus pandemic by encouraging social distancing. The Indian firm, which operates in several countries including Australia, New Zealand, and the UK, offers Ola Share only in India.… Continue reading Ola suspends shared ride option in India
Lyft: A Note for the Lyft Driver Community
Yesterday, federal legislation was signed into law that intends to slow the spread of COVID-19 and provide assistance to millions of working families across the country who are impacted by the coronavirus. We support this new law, which contains emergency measures and funding that directly impacts the Lyft community – our riders, our drivers, our… Continue reading Lyft: A Note for the Lyft Driver Community