Rivian is suing Ohio’s Department of Motor Vehicles over the state’s ban on car companies bypassing dealerships to sell cars directly to consumers. In the federal lawsuit, the electric vehicle company calls the ban “irrational in the extreme,” arguing that it decreases competition and reduces consumer choice. Rivian also notes that Tesla is allowed to […]
Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original pay package. Last year, a Delaware court voided Musk’s pay package, valued at more than $50 billion, arguing that the […]
A federal jury in Florida found Tesla partly liable for a deadly 2019 crash involving Tesla’s Autopilot driver assist software, according to reports from The New York Times and CNBC. Tesla has been ordered to pay $200 million in punitive damages and about $43 million in compensatory damages, CBS News reports. It’s a rare loss […]
Tesla’s newly-launched ride-hailing service in San Francisco isn’t quite ready for the “robotaxi” designation. After launching its robotaxi rides in Austin, Texas, with a “safety monitor” in the passenger seat last month, a video of Tesla’s service in San Francisco shows a vehicle arriving with a human at the wheel, as reported earlier by Business […]
Ford is preparing a major electric vehicle announcement that CEO Jim Farley calls a “Model T moment,” as reported earlier by InsideEVs. During an earnings call on Wednesday, Farley said the company will reveal plans to design and build a “breakthrough” EV, along with a new platform, at an August 11th event in Kentucky. Even […]
Elon Musk’s Boring Company has announced plans to dig tunnels under Nashville, creating a loop that will connect the city’s downtown with the Nashville International Airport. The Boring Company says it will begin construction “immediately” following approval and expects the first 10-mile phase to be operational as early as next year, as reported earlier by […]
Lyft is partnering with Benteler Mobility to launch a self-driving shuttle service. In late 2026, Lyft plans to deploy the company’s all-electric Holon Urban shuttles in airports and cities around the US, allowing users to book trips from its ride-sharing app. Holon, a subsidiary of Benteler, says its rectangular bus has enough room to fit […]
In an earnings call Wednesday, Tesla CEO Elon Musk “let the cat out of the bag”: The new, more affordable electric vehicle the company has been touting for over a year, and that has been singled out as the one thing that could pull Tesla out of its sales rut, wasn’t new at all. It […]
Tesla wants to bring its robotaxi service to new markets, including cities in Florida, Nevada, Arizona, and California, Elon Musk said in an earnings call Wednesday. The company is testing its Full Self-Driving (Supervised) feature in Europe and China and hopes to launch the controversial product in the near future. And it is plotting a […]
Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12 percent decrease year over […]