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

Trucks VC Unveils $70M Fund for Innovative Transportation Startups

Trucks VC Unveils $70M Fund for Innovative Transportation Startups

Trucks Venture Capital has launched a new $70 million fund aimed at supporting early-stage transportation startups. Co-founder Reilly Brennan and his team will focus on investing in sectors like autonomous vehicle technology, electric air taxis, and mobility data platforms. The firm plans to make around 30 seed investments, with check sizes ranging from $500,000 to $2 million. Notable past investments include Bear Flag Robotics and Joby Aviation. Trucks VC emphasizes backing exceptional founders rather than filling specific sector slots in its investment strategy.

Created at: January 6, 2025 7:30pm

Bosch Introduces Smart Lock Feature for E-Bike Batteries at CES 2025

Bosch Introduces Smart Lock Feature for E-Bike Batteries at CES 2025

At CES 2025, Bosch unveiled a new theft prevention feature for its e-bike batteries, allowing users to lock their batteries via the Flow+ app. When activated, the batteries will lock automatically when the bike is turned off, rendering them useless to potential thieves. Additionally, Bosch introduced digital keys for sharing access with friends and family. This feature will roll out later this summer through an over-the-air update. Bosch also showcased an AI-driven feature enabling users to set desired battery charge levels at the end of their rides, enhancing overall user experience.

Created at: January 6, 2025 7:00pm

Pebble Unveils All-Electric Travel Trailer for Digital Nomads at CES 2025

Pebble Unveils All-Electric Travel Trailer for Digital Nomads at CES 2025

Pebble, founded by Bingrui Yang, showcased its all-electric RV, Pebble Flow, at CES 2025. This 25-foot trailer, starting at $109,500, features cutting-edge technology, including a 45 kWh battery and regenerative charging. Customers can customize their trailers using an online configurator. The company also offers high-end variants priced up to $175,000. With advanced features like a remote control hitch and an active propulsion system, Pebble aims to simplify RV travel for beginners. Production begins soon, with initial deliveries expected in spring 2025.

Created at: January 6, 2025 6:00pm

Lucid Achieves Record EV Deliveries in 2024 with 10,241 Units

Lucid Achieves Record EV Deliveries in 2024 with 10,241 Units

Lucid Motors has announced a significant milestone, delivering 10,241 electric vehicles in 2024, surpassing its production target of 9,000 units. In the fourth quarter alone, the luxury EV maker produced 3,386 vehicles and delivered 3,099. Compared to 2023, this marks a 7% increase in production. The company’s performance comes amid a slowdown in sales for competitors like Tesla, highlighting the growing competition in the EV market. Lucid's future success hinges on the upcoming launch of its Gravity SUV, following the Air lineup's initial struggles.

Created at: January 6, 2025 3:00pm

Lyft Offers Credits to NYC Riders Amid New Congestion Pricing

Lyft Offers Credits to NYC Riders Amid New Congestion Pricing

Lyft has announced that it will credit New York City riders for the newly implemented congestion fee throughout January. The fee, aimed at reducing traffic and funding mass transit, charges different rates depending on the vehicle and time of day. Regular cars will incur a $9 fee, while ride-hailing services like Lyft will see a $1.50 charge per ride. Lyft will refund this amount in credits applicable to future rides or Citi Bike usage, easing the financial burden on its customers during this transition. This credit serves as a gesture to mitigate the impact of rising ride costs.

Created at: January 4, 2025 6:00pm

Uber CEO Dara Khosrowshahi Resigns from Aurora's Board

Uber CEO Dara Khosrowshahi Resigns from Aurora's Board

Dara Khosrowshahi has stepped down from the board of Aurora Innovation, a self-driving truck technology company, to concentrate on his role as Uber's CEO. His resignation, effective immediately, was noted in a regulatory filing and was not due to any disagreements with Aurora. Khosrowshahi joined Aurora’s board in 2020 after Uber sold its self-driving unit to the company, investing $400 million and acquiring a 26% stake. Uber continues to collaborate with Aurora through its freight platform, despite also partnering with another self-driving startup, Waabi.

Created at: January 3, 2025 10:00pm

Scout Motors to Showcase Satellite-Connected EVs at CES 2025

Scout Motors to Showcase Satellite-Connected EVs at CES 2025

Scout Motors has announced that its upcoming electric vehicles, the Traveler SUV and Terra pickup, will feature built-in satellite connectivity. Set to debut at CES 2025, these vehicles will be factory pre-wired for a satellite hotspot, ensuring broad connectivity for drivers and passengers. While Scout has not disclosed details about the satellite service provider, the vehicles are expected to enhance outdoor mobility. The company previously unveiled these models in October 2024, with a launch planned for 2027, and will also showcase their new 'Community UX' user interface at the event.

Created at: January 3, 2025 9:30pm

Turo Consults Experts After Violent Incidents Involving Rented Vehicles

Turo Consults Experts After Violent Incidents Involving Rented Vehicles

Turo, a peer-to-peer car-sharing platform, is facing backlash following two violent incidents involving its rented vehicles. A military veteran drove a Ford F-150 Lightning into a crowd, resulting in 15 fatalities, while an active-duty Green Beret rented a Tesla Cybertruck and allegedly detonated it outside the Trump International Hotel in Las Vegas, leading to his death by suicide. Turo's CEO, Andre Haddad, expressed outrage over the misuse of the platform and announced consultations with national security and counterterrorism experts to enhance safety measures and prevent future abuses.

Created at: January 3, 2025 6:30pm

Rivian Delivers Over 51,000 EVs in 2024, Despite Production Challenges

Rivian Delivers Over 51,000 EVs in 2024, Despite Production Challenges

Rivian concluded 2024 with 51,579 electric vehicles delivered, a significant increase from the previous year. The company produced 49,476 EVs, falling short of earlier projections due to component shortages. Despite workforce reductions and a competitive pricing environment, Rivian introduced the R2 SUV and announced a joint venture with Volkswagen. The year also saw Rivian secure a $6.6 billion loan commitment from the Biden administration for future expansions. However, the company faces potential challenges from political shifts that may impact EV incentives in 2025.

Created at: January 3, 2025 2:30pm

Tesla's Cybertruck Fails to Drive Sales Growth in 2024

Tesla's Cybertruck Fails to Drive Sales Growth in 2024

In 2024, Tesla witnessed its first annual drop in vehicle deliveries, falling to 1.77 million from 1.81 million in 2023. The much-anticipated Cybertruck, Tesla's first major new model since 2020, contributed minimally to sales, with only 85,133 vehicles delivered from an aging lineup. This decline raises concerns about Tesla's ability to attract new buyers and meet its previously promoted 50% annual growth target. The company has also faced restructuring challenges and laid off over 10% of its workforce. Tesla's stock dipped nearly 2% in pre-market trading following the announcement.

Created at: January 2, 2025 2:31pm

Investigation Underway for Tesla Cybertruck Fire Outside Trump Hotel in Vegas

Investigation Underway for Tesla Cybertruck Fire Outside Trump Hotel in Vegas

A Tesla Cybertruck caught fire early Wednesday morning outside the Trump International Hotel in Las Vegas, prompting an investigation by local police. The Las Vegas Metropolitan Police Department reported the fire, which occurred around 8:40 a.m. PT, has since been extinguished. Eyewitnesses described the vehicle as having 'blown up' shortly after parking. This incident coincides with Tesla CEO Elon Musk's ongoing connections to President-elect Donald Trump, raising questions about the circumstances surrounding the fire. The investigation is ongoing as social media footage circulates.

Created at: January 1, 2025 7:30pm

Toyota Set to Unveil Woven City at CES 2025

Toyota Set to Unveil Woven City at CES 2025

Toyota Chairman Akio Toyoda will return to CES on January 6, 2025, to reveal Woven City, a prototype urban ecosystem designed to integrate autonomous vehicles, robotics, and AI. The press conference will take place at 1 p.m. PT and will be live-streamed on Toyota's website. This marks a significant moment as Toyoda showcases the progress of his ambitious vision announced five years ago at CES. While details remain scarce, interest is high regarding startup involvement and the expected integration of hydrogen fuel cells in this innovative city.

Created at: January 1, 2025 6:30pm

Elon Musk Sets Ambitious Goals for Tesla in 2024: Robotaxis and Optimus Bots

Elon Musk Sets Ambitious Goals for Tesla in 2024: Robotaxis and Optimus Bots

In 2024, Elon Musk reaffirmed Tesla's commitment to innovation, unveiling plans for a $25,000 electric vehicle and a robotaxi prototype. He anticipates starting production of the Cybercab by 2025 or 2026, while claiming that all future Tesla vehicles will be autonomous. Musk also promised an 'unsupervised' Full Self-Driving feature by 2025 and introduced the concept of the Optimus humanoid robot, predicting thousands of units in operation by 2025. Despite previous missed deadlines, Musk remains optimistic about Tesla's growth and its market influence.

Created at: December 31, 2024 6:30pm

Collision in LA: Waymo Robotaxi Hits Serve Delivery Robot

Collision in LA: Waymo Robotaxi Hits Serve Delivery Robot

On December 27, a Waymo robotaxi collided with a Serve Robotics delivery robot in West Hollywood, raising concerns about the safety of autonomous vehicles. A video circulating online captured the incident, where the delivery robot appeared to violate a red light before being struck. Waymo's spokesperson clarified that their system identified the robot as an inanimate object, applying brakes before the contact occurred at 4 mph. Neither vehicle was damaged, and the collision has prompted discussions about liability in future incidents. Serve confirmed this was their first collision with a robotaxi and that the delivery robot was under remote supervision.

Created at: December 31, 2024 6:00pm

Volocopter Files for Bankruptcy Amid Financial Struggles

Volocopter Files for Bankruptcy Amid Financial Struggles

Volocopter, the German electric air taxi company backed by Mercedes, has filed for bankruptcy protection as it seeks new investors. Despite this setback, CEO Dirk Hoke emphasized the company's technological advancements, claiming they remain ahead of competitors. This decision follows a turbulent period for the company and comes shortly after Lilium, another German eVTOL startup, faced similar challenges but secured funding quickly. Volocopter has raised hundreds of millions over the years, aiming to continue operations during its restructuring phase.

Created at: December 30, 2024 3:00pm

2024: A Year of Turbulence in EVs and Robotaxi Innovations

2024: A Year of Turbulence in EVs and Robotaxi Innovations

The transportation sector faced significant upheaval in 2024, highlighted by legacy automakers like GM and Jaguar altering their strategies amid shifting consumer demands. GM halted funding for its Cruise robotaxi program, redirecting efforts towards advanced driver assistance systems. Startups in the autonomous vehicle space, such as TuSimple, pivoted to AI gaming, while others struggled to survive. The electric vehicle market saw record sales, yet concerns arose over sustainability and profitability as hybrid models gained traction. Meanwhile, eVTOL companies like Joby and Archer made strides towards commercial air taxi launches despite challenges in funding.

Created at: December 27, 2024 7:30pm

Lyft Files Lawsuit Against San Francisco Over $100M Tax Dispute

Lyft Files Lawsuit Against San Francisco Over $100M Tax Dispute

Lyft has initiated legal action against San Francisco, alleging the city wrongfully imposed over $100 million in taxes on the ride-hailing service. The lawsuit claims that for five years, San Francisco misclassified revenue earned by Lyft drivers as company income. Lyft contends that its drivers should be viewed as customers, with revenue stemming from fees drivers pay to the platform, rather than fares paid by riders. This lawsuit continues the ongoing conversation regarding the classification of gig economy workers, following a California Supreme Court ruling that favored Proposition 22, allowing companies to treat drivers as independent contractors.

Created at: December 27, 2024 7:00pm

Hertz Offers Renters Discounts on Electric Vehicles

Hertz Offers Renters Discounts on Electric Vehicles

Hertz is providing discounts to customers currently renting electric vehicles, allowing them to purchase the cars instead of returning them. Reports indicate enticing offers, including a 2023 Chevy Bolt for $18,442 and a Tesla Model 3 for $17,913. Additionally, Hertz is extending a 12-month powertrain warranty and a buy-back option within a week. This initiative follows Hertz's previous decision to sell off a third of its EV fleet due to declining demand and rising repair costs, leading to significant vehicle depreciation in Q3 2024.

Created at: December 27, 2024 4:00pm

Onyx Motorbikes Resurrected After Owner's Death

Onyx Motorbikes Resurrected After Owner's Death

One year following the untimely death of Onyx Motorbikes owner James Khatiblou, the brand has been revived by its original founder, Tim Seward. He announced the comeback via LinkedIn, expressing excitement about the support from backers. Initially, the company will offer about 100 electric dirt bikes, though details on their production status remain unclear. Khatiblou's passing left the company in turmoil, with creditors claiming millions in debt. Seward's past experience with e-bikes positions him well to navigate the challenges ahead. The revival raises questions about the involvement of previous stakeholders.

Created at: December 26, 2024 7:02pm

Fisker's EV Dreams Crumble: A Timeline of Turmoil and Bankruptcy

Fisker's EV Dreams Crumble: A Timeline of Turmoil and Bankruptcy

Fisker, the electric vehicle startup founded by Henrik Fisker, has filed for Chapter 11 bankruptcy after facing numerous production and safety issues with its Ocean SUV. The company repeatedly missed production targets and struggled with mechanical flaws, including braking failures and software glitches. Despite attempts to secure funding and cut production costs, internal audits revealed mismanagement of customer payments. Following mass layoffs and a halt in production, Fisker was unable to recover and declared bankruptcy, estimating liabilities between $100 million and $500 million. The struggle raises questions about the future of the company's assets and operations.

Created at: December 26, 2024 7:00pm

FTC Imposes $2.1M Fine on Lyft for Misleading Driver Earnings Claims

FTC Imposes $2.1M Fine on Lyft for Misleading Driver Earnings Claims

The FTC has settled with Lyft for $2.1 million due to deceptive earnings claims that misled drivers about potential income. Lyft allegedly inflated earnings figures, suggesting drivers could earn up to $43 per hour while the actual median was significantly lower. The claims included misleading promotions and failed to disclose that reported earnings included tips. The FTC warned Lyft about these practices previously, but the company continued them. Two commissioners dissented, arguing that the FTC was overreaching with its definitions of misleading advertising.

Created at: October 25, 2024 9:30pm

Kyte Cuts Staff and Markets to Survive in Competitive Rental Car Space

Kyte Cuts Staff and Markets to Survive in Competitive Rental Car Space

Rental car startup Kyte is reducing its operations significantly by exiting most U.S. markets and slashing its workforce by up to 50% as it aims for profitability. The company, which is now focusing on San Francisco and New York City, had previously expanded to over a dozen markets. CEO Nikolaus Volk stated that the decision was made after realizing the unsustainable unit economics in many regions. Kyte's restructuring follows a series of financial challenges, including heavy borrowing and a recent exploration of a potential sale. The company has also recently completed a new fundraising round.

Created at: October 25, 2024 7:30pm

Waymo Secures $5.6B in Series C Funding to Expand Robotaxi Services

Waymo Secures $5.6B in Series C Funding to Expand Robotaxi Services

Waymo has successfully closed a $5.6 billion Series C funding round, led by parent company Alphabet alongside notable investors including a16z and Silver Lake. This round marks Waymo's second external fundraising effort following a $2.25 billion Series B in 2020. The company plans to utilize the new capital to enhance its autonomous capabilities and expand its robotaxi services into new cities. Currently, Waymo operates paid rides in markets like San Francisco and Phoenix, serving over 100,000 customers weekly. The shift in focus from autonomous trucking to ride-hailing has proven beneficial for the company.

Created at: October 25, 2024 3:00pm

VW Spinoff Scout Unveils Rugged EVs with Gas-Powered Generator

VW Spinoff Scout Unveils Rugged EVs with Gas-Powered Generator

Scout Motors, a Volkswagen Group spinoff, has revealed two new electric vehicles aimed at American consumers, featuring a rugged design that combines modern technology with nostalgic elements. The Scout Traveler SUV and Scout Terra Truck, expected to launch in 2027, will offer up to 350 miles of range and an extended version equipped with a gas-powered generator for over 500 miles. The vehicles will boast a robust powertrain delivering 1,000 pound-feet of torque and advanced off-road capabilities. Pricing is set to start under $60,000. Scout plans to sell directly to consumers, bypassing traditional dealerships.

Created at: October 24, 2024 11:00pm

Joby Aviation Launches $200M Public Offering for eVTOL Launch

Joby Aviation Launches $200M Public Offering for eVTOL Launch

Joby Aviation has initiated a public offering to sell up to $200 million in shares, aiming to fund its certification and manufacturing efforts ahead of a 2025 commercial launch of its electric vertical takeoff and landing vehicles (eVTOL). The funds will also support general working capital as the company prepares to introduce air taxis in cities like New York, Los Angeles, Dubai, and Abu Dhabi. This move follows a recent FAA decision allowing eVTOLs to operate alongside helicopters and a $500 million investment from Toyota.

Created at: October 24, 2024 10:00pm

Electric Aircraft Startup Lilium Faces Shutdown After Funding Failures

Electric Aircraft Startup Lilium Faces Shutdown After Funding Failures

Lilium, an electric aircraft startup, is shutting down due to a lack of emergency funding from the German government. Once a promising player in the electric aircraft industry, Lilium had raised over $1 billion and received high-profile orders, including 100 jets from Saudi Arabia. However, after a series of setbacks, including a fire incident with one prototype, the company struggled to secure additional funds. Following the denial of a €50 million loan by German lawmakers, Lilium plans to file for insolvency, relinquishing control of its subsidiaries.

Created at: October 24, 2024 9:00pm

Tesla's $25,000 EV Vision Turns to Doubt

Tesla's $25,000 EV Vision Turns to Doubt

During Tesla's recent earnings call, CEO Elon Musk dismissed the long-anticipated $25,000 electric vehicle, labeling it 'pointless' and favoring the Cybercab robotaxi instead. This statement marks a significant shift from Musk's earlier assurances made in 2020 about the feasibility of a low-cost Tesla. Internal discussions revealed ongoing debates within Tesla about pursuing a manually drivable vehicle alongside the robotaxi, but recent reports indicate plans for the lower-cost model have been scrapped. The company now focuses on developing new affordable models, leaving many questions unanswered about their future offerings.

Created at: October 24, 2024 7:30pm

Zero Motorcycles Secures $120 Million in New Funding Round

Zero Motorcycles Secures $120 Million in New Funding Round

Zero Motorcycles is closing in on a funding round exceeding $120 million, as reported in a recent SEC filing. The electric motorcycle company has already raised approximately $100 million from two undisclosed investors. This funding will aid in expansion and the development of new models, although further specifics were not disclosed. This marks Zero's first funding since its $107 million round in 2022. Despite challenges in the electric motorcycle sector, Zero aims to continue innovating and refreshing its offerings annually.

Created at: October 24, 2024 6:30pm

Wayve Hits San Francisco Streets as Pony.AI Prepares for IPO

Wayve Hits San Francisco Streets as Pony.AI Prepares for IPO

Wayve, the UK-based self-driving startup, has begun testing its autonomous technology in San Francisco, while Pony.AI, backed by Toyota, is moving forward with its IPO following a long ban on capital raising from Beijing. In other developments, Tesla's Elon Musk promises a robotaxi service next year, and the National Highway Traffic Safety Administration investigates Tesla’s Full Self-Driving software after multiple accidents. Additionally, electric vehicle initiatives are gaining traction as Amazon offers gas discounts to Prime members and plans EV charging savings. The transportation sector is witnessing significant innovation and investment growth.

Created at: October 24, 2024 5:30pm

UK Startup RBW Launches Spirit EV: A Classic Twist on Electric Cars

UK Startup RBW Launches Spirit EV: A Classic Twist on Electric Cars

UK startup RBW has unveiled Spirit EV, a new venture aimed at creating classic-style electric vehicles. CEO Peter Swain emphasized the competitive pricing of their hand-built cars, starting at $139,000. Spirit EV will offer design and production services to help other companies develop custom electric cars. The startup is backed by $6 million from Meson Capital Partners and plans to open a factory in Virginia by February 2025. With modern safety features and lower maintenance needs, Spirit aims to captivate the growing market for electric vehicles.

Created at: October 24, 2024 3:00pm

Tesla Set to Launch Robotaxi Service by 2025, Elon Musk Announces

Tesla Set to Launch Robotaxi Service by 2025, Elon Musk Announces

Elon Musk revealed plans for a robotaxi service using self-driving Tesla cars, targeting a launch in California and Texas by 2025. During Tesla’s third-quarter earnings call, Musk noted that testing has already commenced in the Bay Area with employees, although current vehicles require human oversight. He mentioned the need for regulatory approvals in California, contrasting with anticipated smoother processes in Texas. Despite past overpromises, Musk assured that if the software achieves full autonomy, owners of older Tesla models would be eligible for hardware upgrades at no extra cost.

Created at: October 23, 2024 11:30pm

Tesla Cybertruck Surpasses Ford Mach-E as Third Best-Selling EV in the U.S.

Tesla Cybertruck Surpasses Ford Mach-E as Third Best-Selling EV in the U.S.

Tesla's Cybertruck has emerged as the third best-selling electric vehicle in the U.S. during Q3 2024, surpassing competitors like Ford's Mach-E and F-150 Lightning. Only Tesla's Model 3 and Model Y sold better. Despite launching at a high price point, the Cybertruck's success highlights challenges faced by major automakers like Ford and GM in attracting EV buyers. Tesla reported $25.2 billion in sales and a $2.2 billion profit for the quarter, boosted by regulatory credit sales and new software features. However, growth in Supercharger stations has slowed significantly.

Created at: October 23, 2024 9:30pm

Wayve Launches Self-Driving Tech Testing in the U.S.

Wayve Launches Self-Driving Tech Testing in the U.S.

Wayve, the U.K.-based startup known for its advanced self-learning automated driving technology, has begun testing its system in San Francisco while simultaneously opening a new office in Sunnyvale, California. The company plans to initially deploy a limited version of its self-driving software, which is designed to learn from experience rather than follow preset rules. This expansion follows a significant $1 billion funding round led by SoftBank Group, with participation from notable investors like Nvidia, Microsoft, and Uber. Wayve aims to provide its innovative 'Embodied AI' to both automakers and robotics firms in the future.

Created at: October 23, 2024 6:00pm

U.S. Government Boosts eVTOL Startups with New Aviation Rules

U.S. Government Boosts eVTOL Startups with New Aviation Rules

The Federal Aviation Administration has approved regulations allowing electric vertical takeoff and landing (eVTOL) aircraft to operate alongside traditional planes and helicopters. This landmark decision supports companies like Joby Aviation and Archer Aviation, which aim to launch air taxi services by 2025. The ruling also introduces new pilot training guidelines and certification processes tailored for powered-lift vehicles. Joby is nearing its Type Certification, bolstered by a recent $500 million investment from Toyota. This regulatory framework is expected to drive the growth of Advanced Air Mobility in the U.S.

Created at: October 22, 2024 8:00pm

Nevoya Aims to Revolutionize EV Trucking in LA with $3M Funding

Nevoya Aims to Revolutionize EV Trucking in LA with $3M Funding

Nevoya, a new startup, is tackling the electric vehicle trucking challenge in Los Angeles, where diesel trucks dominate. The company has secured $3 million in seed funding led by Third Sphere and RedBlue Capital. Founder Sami Khan emphasizes that LA's strong incentives and market demand make it an ideal location for electric trucks. Nevoya's fleet consists solely of Freightliner eCascadias, and it plans to utilize AI for optimizing operations. The startup aims to expand into Texas while maintaining a commitment to zero-emissions logistics for Fortune 500 companies.

Created at: October 21, 2024 7:00pm

Lyft Introduces Service Animal Opt-In Feature for Enhanced Accessibility

Lyft Introduces Service Animal Opt-In Feature for Enhanced Accessibility

Lyft is developing a new 'service animal opt-in feature' aimed at improving accessibility for passengers who are blind or visually impaired. This initiative follows protests urging ride-hailing companies to better support disabled riders. Advocacy groups reported instances of drivers passing by or refusing service to those with guide dogs. Lyft plans to notify drivers of a rider’s service animal before pickup, reducing confusion and frustration. The feature is expected to be rolled out by 2025, as the company collaborates with community organizations to enhance inclusivity.

Created at: October 20, 2024 5:30pm

My First Week with the Chevy Equinox EV: Surprising Discoveries and Challenges

My First Week with the Chevy Equinox EV: Surprising Discoveries and Challenges

Matt Rosoff shares his experiences living with the Chevy Equinox EV for a week in preparation for an interview with GM CEO Mary Barra. He highlights the car's beautiful design and automatic features but notes challenges with charging, including the need for a dedicated app and finding available charging stations. While the driving experience impressed him with its power and acceleration, the complex controls and reliance on technology felt overwhelming. Ultimately, Rosoff acknowledges GM's commitment to EVs but admits he isn't ready to fully embrace electric vehicles yet.

Created at: October 19, 2024 8:00pm

Pony AI Slashes IPO Valuation as It Prepares for U.S. Market Debut

Pony AI Slashes IPO Valuation as It Prepares for U.S. Market Debut

Pony AI, the autonomous vehicle startup backed by Toyota, has filed for an IPO in the U.S., lowering its minimum valuation from $8.5 billion to $4 billion. The company operates a modest fleet of 190 robotrucks and over 250 robotaxis across several Chinese cities. Despite increasing revenue, Pony reported significant losses due to high R&D expenses, with over $270 million lost in the past two years. The firm has garnered substantial investments but faces challenges, including regulatory compliance and staffing shortages. The IPO filing revealed extensive risk factors, including potential operational limitations in the U.S.

Created at: October 19, 2024 7:00pm

Fluid Truck Files for Chapter 11 Bankruptcy Amid Leadership Shakeup

Fluid Truck Files for Chapter 11 Bankruptcy Amid Leadership Shakeup

Fluid Truck has filed for Chapter 11 bankruptcy protection after laying off 30% of its staff and experiencing significant financial losses. The company, known as the Zipcar of commercial vehicles, has also received a $7 million interim loan to facilitate its restructuring and potential sale. This decision follows the removal of its co-founders due to mismanagement and mounting debts, including $12 million owed to its Fluid Vehicle Investor Program members. A potential buyer, Kingbee Rentals, has emerged but lacks the funds to acquire all assets. The situation remains dire for unsecured creditors.

Created at: October 18, 2024 8:30pm

Tesla's Full Self-Driving Software Under Federal Investigation After Crashes

Tesla's Full Self-Driving Software Under Federal Investigation After Crashes

The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's Full Self-Driving software following four incidents in low-visibility conditions, one of which resulted in a pedestrian's death. The investigation aims to determine the software's ability to detect and react to reduced visibility due to factors like fog and sun glare. This comes on the heels of CEO Elon Musk's recent unveiling of a robotaxi prototype. Tesla's Autopilot software previously faced scrutiny, leading to a closed investigation after 13 fatal crashes. Additional legal challenges are also looming for the company.

Created at: October 18, 2024 12:00pm