Tag: transportation
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Judge to SEC and Elon Musk: Put your ‘reasonableness pants on and work this out’
Tesla, Elon Musk and the U.S. Securities and Exchange Commission have two weeks to work out their differences and come to a new resolution, a U.S. judge said Thursday at the conclusion of a hearing held to determine whether the automaker’s CEO should be held in contempt for his Twitter use. The SEC had asked…
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Tesla sues former employees, Zoox for alleged trade secret theft
Tesla has filed a pair of lawsuits against a handful of former employees who went to work at self-driving vehicle startup Zoox and Chinese EV automaker Xiaopeng. The separate lawsuits filed Wednesday allege former Tesla employees stole trade secrets and used them at their new places of employment. Tesla declined to comment on each lawsuit.…
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Elon Musk’s lawyers argue he should not be held in contempt for tweet about Tesla’s production rate
Elon Musk’s legal group responded late Monday, just before a deadline, to the Securities and Exchange Commission’s petition to hold him in contempt of court over a tweet he left about Tesla’s production speed. In the filing submitted to a federal court in Manhattan, Musk’s attorneys say the tweet, posted last month, didn’t violate the…
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Tesla issues $13.8M in stock to buy trailers in bid to improve electric vehicle deliveries
Tesla is using over $13 million worth of stock to get trucks and trailers that will transport its electrical vehicles to customers, the most recent effort by the automaker to increase its delivery and logistics services. Rather than using cash, Tesla issued $13.8 million in stock, a new securities filing posted Monday shows. Tesla used…
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YC’s latest moonshot bet is a startup building a $380K ‘flying motorcycle’
David Mayman has a vision for personal aviation that he’s spent the past dozen years and millions of his personal fortune chasing. He hasn’t accepted the convention that jetpacks were just a misguided fantasy for the future; his company, Jetpack Aviation, has been building them and he’s been zooming around in publicity-grabbing stunts in a…
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Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior Transport reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt to the wonderful world of transport and how we (and our bundles ) move. This week we talk with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, be…
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Polestar unveils its all-electric response to the Tesla Model 3
Volvo’s standalone electrical performance brand Polestar introduced Wednesday its first all-electric vehicle — a five-door fastback that’s gunning for its Tesla Model 3. Each time an electric vehicle — concept, prototype, or production version — has been unveiled, the expression “Tesla killer” has been tossed about no matter whether that car will come to market.…
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Autonomous truck startup TuSimple hits unicorn status in latest round
Another autonomous vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for clients in Arizona, has increased $95 million in a Series D financing round led by Sina Corp. as the firm prepares to scale its industrial autonomous fleet to over 50 trucks by June. The startup, which launched in 2015…
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Tesla’s $218M Maxwell acquisition aims to give its batteries a boost
Tesla has got energy storage company Maxwell Technologies within an all-stock deal a deal aimed at helping its batteries are improved by the automaker that was electric and costs as more competitors enter the marketplace. The deal will appreciate every one of Maxwell’s 45.9 million shares at $4.75. The merger is expected to close in…
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Buying a New or a Used Car: Which is a better option?
A number of us dream of buying our own car someday – hopefully something electric or hybrid vehicle. A car not only makes travel easier but may also be useful in emergency scenarios. Furthermore, a car with outstanding features provides the owner a sense of pride and prestige. With many models and makes of different…