Tesla’s Full Self-Driving software is creeping into Europe
First came the Netherlands, now it’s Lithuania. And more European countries appear to be in the queue for Tesla’s driver-assistance system.
EVs
Global EV market goes K-shaped as the U.S. gets left behind
EV sales have surged worldwide in every region but the U.S., posing risks for legacy and startup automakers.
RJ Scaringe has raised more than $12B across three startups and investors still want more
Investors can’t seem to get enough of RJ Scaringe or his ideas. Storytelling and communication are one of his superpowers, according to Jiten Behl, who joined Rivian when the company had just a handful of employees.
Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a companywide cost-cutting measure.
Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Rivian downsizes DOE loan to $4.5B of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.
Porsche is adding an all-electric Cayenne coupe to its lineup
Porsche will start selling the Cayenne Coupe Electric in late summer.
Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package
The company is following through on its promise to not let Musk “double dip” if he won his appeal to restore Tesla’s 2018 compensation package, worth $56 billion.