LinkedIn News

Health Insurance

Media & Entertainment

Customer Success

Biotech & Health

Education Technology

Human Resources

Telecommunications

Music Streaming

Entrepreneurship

Cloud Computing

Web Development

Renewable Energy

Renewable Power

Consumer Technology

Agriculture Tech

Machine Learning

Software Development

Environmental Health

Mergers and Acquisitions

Business Development

Government & Policy

Electric Vehicles

Tesla Launches ‘FSD Supervised’ Ride-Hail Tests in Austin and Bay Area

Tesla Launches ‘FSD Supervised’ Ride-Hail Tests in Austin and Bay Area

Tesla has commenced testing its 'FSD Supervised' autonomous ride-hail service with employees in Austin and the Bay Area, ahead of a planned robotaxi launch this summer. The FSD system, which requires driver supervision, allows automated driving tasks but is not fully autonomous. A new Robotaxi app will enable non-Tesla owners to hail vehicles from the fleet. While Tesla aims for a June launch, it remains uncertain if the service will initially operate with a safety driver. The company plans to deploy 10 to 20 vehicles on the first day of service in Austin.

Created at: April 23, 2025 9:00pm

Tesla Faces New Risks as Protests Against Musk Escalate Globally

Tesla Faces New Risks as Protests Against Musk Escalate Globally

Tesla has officially acknowledged the rising global protests against CEO Elon Musk as a risk factor in its recent SEC filing. These protests, fueled by Musk's political involvement, could harm Tesla's brand and sales, as indicated by language changes in the risk assessment. The company’s lawyers expressed concerns that negative perceptions from these protests may complicate fundraising efforts. While Musk claims the protests are orchestrated, financial results show a significant drop in automotive revenue, hinting at the protests' damaging effects. Tesla Takedown, a protest organizer, views this acknowledgment as validation of their movement's impact.

Created at: April 23, 2025 5:30pm

Tesla's Profits Plunge 71% Amid Weak Sales and Political Backlash

Tesla's Profits Plunge 71% Amid Weak Sales and Political Backlash

Tesla reported a staggering 71% drop in net income to $409 million on $19.3 billion in revenue, marking its worst delivery quarter in over two years. The electric vehicle manufacturer attributed its struggles to declining sales and the impact of a trade war, warning of a potential meaningful effect on product demand. Despite setbacks, Tesla remains committed to launching more affordable models in 2025. However, its aging EV lineup and the delayed Cybertruck hinder growth. CEO Elon Musk also faces backlash due to his political affiliations, further complicating the company's market position.

Created at: April 22, 2025 8:30pm

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy, an Indian electric two-wheeler startup, has reduced its IPO size by 18% to ₹26.26 billion ($308.3M) as indicated in its recent draft prospectus. The Bengaluru-based company aims for a post-money valuation of $1.4 billion, down from its previous target of $1.5 to $2 billion. Ather plans to utilize ₹9.27 billion for a new facility in Maharashtra and allocate ₹7.5 billion for R&D. The startup recorded a 21% sales increase in 2024, achieving a 10.7% market share. Bidding opens on April 28, with major stakeholders participating in the IPO.

Created at: April 22, 2025 4:00pm

Uber Partners with Delta to Offer SkyMiles for Rides and Deliveries

Uber Partners with Delta to Offer SkyMiles for Rides and Deliveries

Uber customers in the U.S. can now earn Delta SkyMiles when using Uber or Uber Eats, thanks to a new partnership. This initiative aims to connect Uber more closely with airport travel, a key market for the company. As part of the collaboration, Uber is expanding its Airport Shuttle service in Atlanta. Customers can earn miles based on their spending, with different rates for various services. Additionally, users booking flights through Delta can easily reserve Uber rides. The initiative responds to current travel spending challenges faced by Americans.

Created at: April 22, 2025 1:30pm

Rivian Welcomes Cohere CEO Aidan Gomez to Board, Signaling AI Ambitions

Rivian Welcomes Cohere CEO Aidan Gomez to Board, Signaling AI Ambitions

Rivian has appointed Aidan Gomez, co-founder and CEO of AI startup Cohere, to its board of directors, according to regulatory filings. This move indicates Rivian's commitment to integrating AI into its operations, especially as it embarks on a $5.8 billion joint venture with Volkswagen Group to develop software. Gomez, a recognized AI expert, previously worked at Google Brain and co-authored the influential paper 'Attention Is All You Need.' His insights are expected to enhance Rivian's technology as the company develops an AI assistant for its electric vehicles.

Created at: April 22, 2025 12:30am

Bezos-Backed Slate Auto Teases Customizable EV Ahead of Launch

Bezos-Backed Slate Auto Teases Customizable EV Ahead of Launch

Slate Auto, an EV startup backed by Jeff Bezos, is generating buzz with concept vehicles spotted in California, hinting at their innovative 'Transformer'-like customization approach. Set to launch on April 24, the company plans to sell its base model, the 'Blank Slate', for around $25,000. Slate has secured over $100 million in funding and aims to attract buyers with a unique customizable experience. Investor pitches showcased the vehicle's adaptability, impressing key figures like Guggenheim Partners CEO Mark Walter. The specifics of the vehicle remain under wraps as anticipation builds.

Created at: April 21, 2025 7:00pm

FTC Files Lawsuit Against Uber for Unauthorized Subscription Charges

FTC Files Lawsuit Against Uber for Unauthorized Subscription Charges

The Federal Trade Commission has initiated a lawsuit against Uber, accusing the company of unlawfully charging customers for its Uber One subscription without their consent. The complaint alleges that Uber failed to deliver promised savings and made cancellation excessively complicated. Uber denies the allegations, asserting that its processes are transparent and compliant with the law. The lawsuit follows the FTC's push for easier subscription cancellations, with a new rule set to take effect on May 14. The FTC aims to protect consumers from unwanted subscription fees and deceptive practices.

Created at: April 21, 2025 7:00pm

Tesla Delays Launch of Affordable EV Model by Months

Tesla Delays Launch of Affordable EV Model by Months

Tesla has postponed the launch of its new low-cost electric vehicle, originally expected in early 2025, to late 2025 or early 2026, according to Reuters. This delay is attributed to declining sales influenced by an aging vehicle lineup and the controversial actions of CEO Elon Musk. The model, intended to be a budget-friendly version of the Model Y, was part of Musk's vision announced in 2020. Instead of a completely new platform, Tesla will focus on lower-cost variants of existing models to meet market demands.

Created at: April 21, 2025 1:30pm

Lyft Expands into Europe with Acquisition of FreeNow, SPAC Merger for Kodiak Robotics

Lyft Expands into Europe with Acquisition of FreeNow, SPAC Merger for Kodiak Robotics

Lyft has announced its acquisition of FreeNow, a German multi-mobility app, for approximately $197 million, marking Lyft's entry into the European market. Concurrently, Kodiak Robotics is merging with Ares Acquisition Corporation II in a SPAC deal valued at $2.5 billion. This merger aims to capitalize on the growing demand for autonomous vehicle technology, with Kodiak CEO Don Burnette emphasizing the momentum in the autonomy sector. Other significant funding rounds include Conifer's $20 million seed investment and Kavak's $127 million equity round, highlighting a vibrant landscape in transportation innovation.

Created at: April 18, 2025 8:30pm

China Bans 'Autonomous Driving' Ads Amid Safety Concerns

China Bans 'Autonomous Driving' Ads Amid Safety Concerns

China has introduced new regulations that prohibit automakers from using terms like 'autonomous driving' and 'self-driving' in advertisements for vehicles equipped with advanced driver assistance systems (ADAS). The ruling also mandates that any software updates enhancing these systems must undergo government approval before being deployed. This decision follows a series of safety incidents, including a fatal crash involving a Xiaomi sedan. The crackdown aims to address rising safety concerns and ensure clearer communication about the capabilities of these technologies.

Created at: April 17, 2025 7:00pm

Archer Aviation Proposes Electric Air Taxi Network for NYC Aiming to Revolutionize Airport Transfers

Archer Aviation Proposes Electric Air Taxi Network for NYC
Aiming to Revolutionize Airport Transfers

Archer Aviation has unveiled plans for an electric air taxi network in New York City that could transport passengers from Manhattan to nearby airports in just five to 15 minutes. Partnering with United Airlines, the startup's initiative includes nine core nodes, integrating major airports and heliports. Archer awaits FAA certification for its eVTOL aircraft, Midnight, with hopes of launching piloted flights by 2026. Meanwhile, infrastructure development is in progress, leveraging partnerships with key operators to establish necessary facilities. Future expansions are planned for cities like Los Angeles, San Francisco, and Miami.

Created at: April 17, 2025 1:00pm

HelloFresh Expands Fleet with 70 All-Electric Rivian Vans

HelloFresh Expands Fleet with 70 All-Electric Rivian Vans

HelloFresh has become the first major customer of Rivian's commercial electric vans after the automaker ended its exclusivity with Amazon. The meal-kit company has added 70 all-electric vans, which constitute nearly a quarter of its fleet. This transition is projected to save HelloFresh approximately 20,000 gallons of gasoline and reduce CO2 emissions by 200 tonnes. Rivian is eager to diversify its client base following the conclusion of its Amazon deal and has been preparing its commercial fleet since February 2025. The automaker continues to produce vans for Amazon, which has 20,000 units in operation.

Created at: April 16, 2025 8:00pm

BluSmart Suspends Service Amid Gensol Engineering Probe

BluSmart Suspends Service Amid Gensol Engineering Probe

BluSmart, India's electric cab-hailing startup, has suspended its services in major cities as the Securities and Exchange Board of India (SEBI) investigates Gensol Engineering, which shares co-founders with BluSmart. The suspension comes after allegations that the co-founders misused substantial loan amounts for personal expenses. Customers have reported issues accessing funds in their BluSmart wallets. Despite earlier success, with substantial ARR and fleet growth, the board has not communicated updates to investors. Gensol clarified it is not pursuing any significant transactions despite market speculation about a partnership with Uber.

Created at: April 16, 2025 5:30pm

Kia Unveils Affordable EV4 Sedan at New York Auto Show

Kia Unveils Affordable EV4 Sedan at New York Auto Show

Kia has launched its first global electric sedan, the 2026 EV4, at the New York International Auto Show, targeting budget-conscious consumers. Set to begin sales in the U.S. in late 2025 or early 2026, the EV4 boasts a range of 235 to 330 miles depending on the battery configuration. While pricing is estimated to start around $35,000, potential tariffs could affect costs. The EV4 features advanced tech, including a dual-screen interface and driver assistance systems, aiming to appeal to a broader audience interested in electric vehicles.

Created at: April 16, 2025 3:00pm

Subaru Unveils Trailseeker: A New All-Electric SUV for Outdoor Enthusiasts

Subaru Unveils Trailseeker: A New All-Electric SUV for Outdoor Enthusiasts

Subaru has launched the 2026 Trailseeker, an all-electric SUV designed for adventure seekers, at the New York International Auto Show. This new model, larger than the Solterra, features a dual motor system providing 375 horsepower and a towing capacity of 3,500 pounds. With a 74.7-kWh battery, it offers over 260 miles of range and supports Tesla's Supercharging Network. The interior boasts a 14-inch touchscreen, wireless charging, and advanced driver assistance systems. Subaru aims to compete with Rivian’s upcoming R2, positioning the Trailseeker as a robust outdoor vehicle.

Created at: April 16, 2025 2:00pm

Lyft Acquires FREENOW for $197M, Expanding into Europe

Lyft Acquires FREENOW for $197M, Expanding into Europe

Lyft has announced its acquisition of FREENOW, a German multi-mobility app, for approximately $197 million in cash, marking its entry into the European market. This strategic move will significantly expand Lyft's reach, which has been limited to the U.S. and Canada since its inception in 2012. FREENOW operates in nine countries, including key markets like Germany and the UK. The merger is expected to increase Lyft’s addressable market and annualized gross bookings substantially. Both companies aim for a seamless integration of services for riders across North America and Europe.

Created at: April 16, 2025 1:30pm

India's BluSmart Entangled in Gensol's EV Loan Misuse Investigation

India's BluSmart Entangled in Gensol's EV Loan Misuse Investigation

India's market regulator is investigating Gensol Engineering for alleged misuse of electric vehicle loans, implicating BluSmart, a ride-hailing startup co-founded by Gensol's founders. Securities and Exchange Board of India (SEBI) has barred Anmol and Puneet Singh Jaggi from key roles as they investigate claims of redirected funds for personal use. Gensol reportedly defaulted on loans intended for purchasing EVs for BluSmart. Meanwhile, BluSmart faces challenges with cash burns and has shut down its Dubai service, exploring new strategies to sustain operations in India.

Created at: April 15, 2025 7:30pm

Lucid Gravity: The Ultimate Luxury Electric SUV Experience

Lucid Gravity: The Ultimate Luxury Electric SUV Experience

Lucid Motors has unveiled the Gravity, an electric SUV designed for luxury and spaciousness, capable of seating seven passengers. With a starting price of $96,550, the Gravity boasts an impressive EPA-rated range of up to 450 miles and exceptional charging capabilities, achieving 200 miles in just 11 minutes. Enhanced with advanced tech, including NVIDIA processors for AI and automated driving, the Gravity aims to redefine the EV category. The innovative use of electronic diffusers instead of fuses maximizes interior space. Early test drives reveal a smooth, agile ride, challenging expectations for large SUVs.

Created at: April 15, 2025 2:30pm

Waymo and Uber Set to Launch Robotaxi Service in Atlanta This Summer

Waymo and Uber Set to Launch Robotaxi Service in Atlanta This Summer

Uber and Waymo are preparing to unveil a robotaxi service in Atlanta this summer, inviting local customers to join an interest list for early access. This partnership, announced last September, marks a significant shift from their past legal disputes. The ‘Waymo on Uber’ service will allow users to hail autonomous Jaguar I-PACE vehicles, with Uber managing fleet maintenance while Waymo oversees technology. Initially covering 65 square miles, the service aims to expand in the future. Customers can sign up through the Uber app for updates and potential early ride access.

Created at: April 15, 2025 10:00am

Lime Partners with Redwood Materials for Sustainable Battery Recycling

Lime Partners with Redwood Materials for Sustainable Battery Recycling

Lime has announced a partnership with Redwood Materials to recycle batteries from its scooters and e-bikes, focusing on extracting critical minerals like lithium and cobalt. This collaboration makes Redwood the exclusive battery recycling partner for Lime's operations in the U.S., Germany, and the Netherlands. This is Lime's first direct relationship with a battery recycler in North America, enhancing its sustainability goals. The initiative aims to create a circular supply chain and reduce the need for new mineral extraction. Lime has also established partnerships in Europe to promote second-life battery applications.

Created at: April 14, 2025 10:00pm

Kodiak Robotics to Go Public Through SPAC Merger

Kodiak Robotics to Go Public Through SPAC Merger

Kodiak Robotics, an autonomous trucking startup, plans to merge with Ares Acquisition Corporation II to go public, valuing the company at $2.5 billion pre-money. The deal is supported by over $110 million from institutional investors, including Soros Fund Management. While Kodiak has generated revenue from delivering autonomous trucks to Atlas Energy Solutions, the self-driving truck sector faces challenges with some competitors shutting down. The merger signals Kodiak's intent to expand its market presence and leverage its technology in trucking. The transaction is expected to close in late 2025.

Created at: April 14, 2025 2:00pm

Conifer Secures $20M Seed Round for Innovative Electric Hub Motor

Conifer Secures $20M Seed Round for Innovative Electric Hub Motor

Conifer, a startup founded by former engineers from Lucid Motors and Apple's electric car project, has raised $20 million in seed funding to develop a novel electric hub motor. The company's design utilizes abundant ferrite magnets, eliminating rare earth elements, which reduces costs and supply chain risks. Conifer's motors promise higher efficiency and are half the size of current options, targeting small mobility applications. With interest from various sectors, including lawnmowers, Conifer plans to ship production motors later this year. The startup aims to localize its supply chain and automate manufacturing processes.

Created at: April 14, 2025 1:30pm

Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty

Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty

Jeff Bezos is backing the secretive EV startup Slate Auto, which has revealed its first product, an electric pickup truck. Meanwhile, U.S. tariffs are shifting, with a 90-day pause on certain tariffs impacting the transportation sector, although 10% base tariffs remain. This uncertainty has led analysts to downgrade price targets for major companies like Apple and Tesla. Additionally, Lucid Motors has won a bankruptcy auction for Nikola's factory assets, investing approximately $30 million. The wider EV market faces challenges as tariffs on Chinese imports affect battery costs.

Created at: April 11, 2025 8:00pm

Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process

Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process

During a recent court hearing, Nikola's bankruptcy sale to Lucid Motors faced unexpected scrutiny when a lawyer representing Trevor Milton raised concerns about the auction process. Milton, barred from touring Nikola's Arizona factory, appears to be attempting to influence the proceedings post-pardon from President Trump. Nikola's legal team dismissed the lawyer's claims as baseless, suggesting they may be aimed at impacting a $168 million arbitration award owed to the company. Despite the hiccup, the sale of Nikola’s assets is expected to proceed, with Lucid planning to hire 300 Nikola employees.

Created at: April 11, 2025 7:30pm

GM Lays Off 500 Workers Amidst Weak Demand for BrightDrop Electric Vans

GM Lays Off 500 Workers Amidst Weak Demand for BrightDrop Electric Vans

General Motors has announced a layoff of 500 employees at its Canadian factory due to declining demand for its BrightDrop electric vans. The company will reduce operations by cutting one of two shifts at the CAMI plant in Ontario, planning a 20-week idling period starting in May. This decision comes amid BrightDrop's challenging history, which includes a recall of vans last year over battery fires. GM previously created BrightDrop as a separate entity in 2021 but integrated it back into the company in 2023, later moving it under the Chevy brand.

Created at: April 11, 2025 6:30pm

Parallel Systems Revolutionizes Freight with Autonomous Electric Rail

Parallel Systems Revolutionizes Freight with Autonomous Electric Rail

Parallel Systems, led by CEO Matt Soule, is transforming freight transportation in the U.S. by developing autonomous, battery-powered rail technology designed for short-distance delivery. This innovative system can operate with existing freight cars and integrates seamlessly with traditional rail infrastructure. Recently approved for trials in Georgia, Parallel aims to enhance efficiency and safety in freight logistics. With a recent $38 million funding boost, the company plans to launch commercially in 2026. Soule's unique background in aerospace positions him to lead this ambitious project in an industry ripe for change.

Created at: April 11, 2025 4:30pm

Hacked Documents Unveil Elon Musk's Private Jet Preferences

Hacked Documents Unveil Elon Musk's Private Jet Preferences

A recent data breach at Berkshire Hathaway's NetJets has exposed a guide detailing how flight attendants should cater to Elon Musk's needs while flying. The documents reveal Musk's surprising disregard for fuel conservation, as he prefers to fly as quickly as possible. Notably, he views himself as technologically self-sufficient, declining assistance unless he explicitly requests it. The memo also highlights his dislike for unexpected WiFi outages, his habit of napping during flights, and his preference for a cabin temperature of 65 degrees with dim lights and quiet.

Created at: April 11, 2025 4:00pm

Lucid Motors Surprises with Win in Nikola Bankruptcy Auction

Lucid Motors Surprises with Win in Nikola Bankruptcy Auction

Lucid Motors has unexpectedly secured the Arizona factory and assets of bankrupt electric trucking company Nikola, committing around $30 million. This acquisition includes Nikola's headquarters lease, machinery, and inventory. Lucid plans to offer positions to approximately 300 former Nikola employees. The move is surprising as Lucid primarily focuses on passenger EVs, while Nikola specializes in hydrogen-powered vehicles. Nikola’s founder, Trevor Milton, attempted to bid on the assets but was blocked by the court. Objections to the sale can be filed until noon ET on April 11, with a hearing scheduled for later that day.

Created at: April 11, 2025 3:30am

Surge in Used Tesla Listings Amidst Controversy

Surge in Used Tesla Listings Amidst Controversy

In March, listings for used Tesla vehicles on Autotrader.com saw a dramatic increase, climbing 67% compared to the previous year. This surge coincides with consumer reactions to Elon Musk's political activities and related global protests. Over 13,000 used Teslas were listed for sale in the final week of March alone. Concurrently, Tesla's new vehicle sales declined nearly 9% in the first quarter of 2025, contrasting with a broader growth of 10.6% in EV sales across other brands. GM and Hyundai experienced notable growth, nearly doubling their EV sales in the same period.

Created at: April 11, 2025 12:00am

Bezos-backed Slate Auto's Electric Pickup Truck Spotted Ahead of Launch

Bezos-backed Slate Auto's Electric Pickup Truck Spotted Ahead of Launch

An early version of Slate Auto's electric pickup truck, backed by Jeff Bezos, was spotted in Los Angeles. The unassuming two-seater truck was seen on a flatbed, raising interest among automotive enthusiasts. Sources indicate that this model is part of the startup's strategy to attract potential investors. Priced at around $25,000, Slate plans to offer extensive customization options. The company has filed trademarks for phrases like 'WE BUILT IT. YOU MAKE IT.' and 'Blank Slate.' Despite the buzz, the official name of the truck remains undisclosed as it approaches its public debut.

Created at: April 10, 2025 6:30pm

NHTSA's Self-Driving Safety Team Hit Hard by DOGE Cuts

NHTSA's Self-Driving Safety Team Hit Hard by DOGE Cuts

Recent reports indicate that cuts made by Elon Musk's Department of Government Efficiency at the National Highway Traffic Safety Administration (NHTSA) have disproportionately impacted the agency's self-driving safety staff. Approximately 30 employees were laid off, many of whom were still in their probationary periods. An unnamed former employee expressed concerns that these reductions would hinder NHTSA's capacity to effectively monitor self-driving technologies. This development comes just months before Tesla's anticipated launch of its robotaxi service in Austin, raising questions about the future of automated vehicle safety oversight.

Created at: April 10, 2025 4:00pm

Wayve Partners with Nissan to Revolutionize Autonomous Driving

Wayve Partners with Nissan to Revolutionize Autonomous Driving

Nissan has announced a partnership with UK startup Wayve to incorporate its self-driving technology into its advanced driver assistance system, ProPilot, by 2027. This landmark deal comes as Wayve has raised over $1.3 billion from major investors including Nvidia and Microsoft. The integration will feature Wayve’s self-learning software and sensors, enhancing collision avoidance capabilities. Nissan's new system will operate as a Level 2 automation, requiring driver supervision while automating multiple driving tasks. Wayve’s approach is unique as it does not depend on specific sensors, making it adaptable to existing vehicle technologies.

Created at: April 10, 2025 2:00am

Waymo Robotaxi Causes Traffic Jam at Chick-fil-A Drive-Thru

Waymo Robotaxi Causes Traffic Jam at Chick-fil-A Drive-Thru

A Waymo robotaxi became stuck in the drive-thru lane of a Chick-fil-A in Santa Monica, California, creating a traffic jam. The incident, confirmed by Waymo, occurred after the robotaxi dropped off a passenger and failed to execute a multi-point turn due to space constraints. Fortunately, no injuries were reported, though it inconvenienced other customers waiting to place orders. This incident adds to a series of similar occurrences, including previous malfunctions that have drawn attention on social media. Waymo operates robotaxi services in several major cities, including San Francisco and Los Angeles.

Created at: April 9, 2025 10:00pm

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

A judge has approved Canoo CEO Anthony Aquila's acquisition of the bankrupt EV startup's assets for approximately $4 million. Despite objections regarding the fairness of the sale process, Judge Brendan Shannon ruled that no other bids were made. Aquila aims to continue offering services to former clients like NASA and the Department of Defense. The case highlights ongoing challenges in the EV sector, with several startups facing bankruptcy. Canoo's situation is further complicated by legal disputes over trade secrets with rival Harbinger, which objects to the sale's terms.

Created at: April 9, 2025 7:00pm

Nuro Secures $106M Funding to Shift Focus to Licensing Autonomous Technology

Nuro Secures $106M Funding to Shift Focus to Licensing Autonomous Technology

Nuro has raised $106 million in Series E funding, bringing its total funding to $2.2 billion and valuation to $6 billion, down from its previous peak. The company is pivoting from building delivery robots to licensing its autonomous driving technology to automotive manufacturers and commercial fleets. This strategic shift follows layoffs and a halt in manufacturing plans as Nuro aims to enhance its self-driving capabilities, leveraging AI to extend its operational runway. Investor support remains strong, primarily from institutional backers like T. Rowe Price and Fidelity.

Created at: April 9, 2025 2:30pm

Jeff Bezos Backs Secretive EV Startup Slate Auto for Affordable Electric Pickup

Jeff Bezos Backs Secretive EV Startup Slate Auto for Affordable Electric Pickup

Jeff Bezos is secretly funding Slate Auto, an EV startup based in Michigan, aiming to produce a low-cost two-seat electric pickup truck for around $25,000 by late 2026. Slate, founded in 2022, has already raised over $111 million and attracted significant investors like Mark Walter and Thomas Tull. The company plans to generate revenue through vehicle customization and accessories, drawing on expertise from former employees of major automakers. Slate's CEO, Christine Barman, emphasizes a unique approach by targeting first-time car buyers, diverging from the high-end focus of many competitors.

Created at: April 8, 2025 7:30pm

Amazon’s Zoox Launches Robotaxi Testing in Los Angeles

Amazon’s Zoox Launches Robotaxi Testing in Los Angeles

Amazon's autonomous vehicle division, Zoox, has begun testing a fleet of retrofitted vehicles in Los Angeles, marking its sixth city for data collection. Unlike Waymo, Zoox is still in early stages, utilizing manually driven Toyota Highlanders to gather mapping data. The company aims to expand its autonomous testing in Las Vegas and San Francisco later this year. Currently, Zoox's autonomous vehicles are being tested in multiple cities, including Austin and Miami. This expansion follows a recent software recall on 258 vehicles due to braking issues, highlighting the challenges in the autonomous driving sector.

Created at: April 8, 2025 3:30pm

Trevor Milton Pursues Nikola's Assets Amid Bankruptcy Drama

Trevor Milton Pursues Nikola's Assets Amid Bankruptcy Drama

Trevor Milton, the founder of Nikola, is attempting to acquire the assets of his bankrupt company after being pardoned for securities fraud. Nikola filed for Chapter 11 bankruptcy in February and plans to sell its business soon. Milton's bid faced resistance, including a prohibition on inspecting the Coolidge factory where the assets are located. A judge has dismissed the notion that Milton's interest is anything more than a publicity stunt. Meanwhile, the court will hold an auction to assess the highest bid for Nikola's assets, with a deadline for submissions already passed.

Created at: April 7, 2025 9:00pm

Analyst Warns of Tariff Fallout for Apple and Tesla Amid Trump's Policies

Analyst Warns of Tariff Fallout for Apple and Tesla Amid Trump's Policies

Dan Ives from Wedbush Securities has downgraded price targets for Apple and Tesla due to President Trump's tariffs. He highlighted Apple's significant reliance on Chinese production, predicting a sharp decline in stock value. Apple's target was cut to $250 from $325, with shares dropping 4.3% to $180. Meanwhile, Tesla's target fell to $315, despite the current price being $233.94. Ives also noted that Elon Musk's political ties are damaging Tesla's reputation and sales, particularly in China, where local brands like BYD are gaining traction.

Created at: April 7, 2025 6:30pm