Tesla is using more than $13 million worth of stock to buy trucks and trailers that will transport its electric vehicles to customers, the latest effort by the automaker to improve its logistics and delivery services. Instead of using cash, Tesla issued $13.8 million in stock, a new securities filing posted Monday shows. Tesla used […]
View More Tesla issues $13.8M in stock to buy trailers in bid to improve electric vehicle deliveriesCategory: Automotive
GM Cruise snags Dropbox HR head to hire 1,000 engineers by the end of the year
GM Cruise plans to hire 1,000 more engineers over the next nine months, TechCrunch has learned. It’s an aggressive move by the autonomous vehicle technology company to double its size as it pushes to deploy a robotaxi service by the end of the year. Arden Hoffman, who helped scale Dropbox, will leave the file-sharing and […]
View More GM Cruise snags Dropbox HR head to hire 1,000 engineers by the end of the yearTesla u-turns on store strategy, will keep half of showrooms open… and hike prices by 3%
It wouldn’t be Tesla if it didn’t keep us guessing a little… Electric car company Tesla announced that it is making a u-turn of sorts with its sales strategy. After saying at the end of February that it would close down nearly all of its 200-odd retail stores to sell its cars online-only in an […]
View More Tesla u-turns on store strategy, will keep half of showrooms open… and hike prices by 3%Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow […]
View More Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its beltLyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion. TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric […]
View More Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launchesCar alarms with security flaws put 3 million vehicles at risk of hijack
Two popular car alarm systems have fixed security vulnerabilities that allowed researchers to remotely track, hijack and take control of vehicles with the alarms installed. The systems, built by Russian alarm maker Pandora and California-based Viper — or Clifford in the U.K., were vulnerable to an easily manipulated server-side API, according to researchers at Pen […]
View More Car alarms with security flaws put 3 million vehicles at risk of hijackTesla’s new Supercharger slashes charging times
Tesla is rolling out a third generation Supercharger that is designed to dramatically cut charging times for its electric vehicles as it seeks to keep its edge over new competitors. The V3 Supercharger, which was unveiled Wednesday at the company’s Fremont, California factory, supports a peak rate of up 250 kilowatts on the long range version […]
View More Tesla’s new Supercharger slashes charging timesElon Musk’s Boring Company wants to move people beneath Vegas
Elon Musk’s Boring Company could land a deal to construct and operate a “people mover” for the Las Vegas Convention Center that will theoretically shuttle people in autonomous electric vehicles at high speeds in a loop of underground tunnels. It’s not a done deal quite yet. The Las Vegas Convention and Visitors Authority has recommended […]
View More Elon Musk’s Boring Company wants to move people beneath VegasWaymo to start selling standalone LiDAR sensors
Waymo, the Google self-driving project that spun out to become a business under Alphabet, will start selling its custom LiDAR sensors — the technology that was at the heart of a trade secrets lawsuit last year against Uber . The company announced Wednesday in a blog post that it will sell is light detection and […]
View More Waymo to start selling standalone LiDAR sensorsBrodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Efficient computer vision systems are a critical component of autonomous and assisted driving vehicles, and now a startup that has developed a way to deliver computer vision technology without relying on costly and bulky hardware — by building deep learning software that can run even on low-end processors — has secured a round of funding […]
View More Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPUElon Musk wasn’t wrong about automating the Model 3 assembly line — he was just ahead of his time
In 2017, when Tesla announced incredibly ambitious Model 3 production targets of 5,000 Model 3s per week and the beginning of “production hell,” analysts were wary.
View More Elon Musk wasn’t wrong about automating the Model 3 assembly line — he was just ahead of his timePininfarina’s $2 million electric ‘Battista’ hypercar is faster than a Formula 1 race car
Automobili Pininfarina, the automaker brand infused with Pininfarina design house DNA and owned by India’s Mahindra Group, revealed its first production car this week at the Geneva International Motor Show. And it’s an audacious inaugural effort. The Pininfarina Battista — a nod to design house founder Battista ‘Pinin’ Farina — is an all-electric beast of […]
View More Pininfarina’s $2 million electric ‘Battista’ hypercar is faster than a Formula 1 race car