Rebecca Bellan
Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month.
Musk hasn’t provided a...
Arcimoto, the maker of the three-wheeled electric Fun Utility Vehicles (FUVs), is teaming up with Faction to develop EVs that can be delivered to a customer’s hotel through a combination of low-level autonomy and tele-assist technology. The tie-up is part of an upcoming pilot in Las Vegas with...
Zeekr, the premium electric car brand under China’s Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it’ll be the first major Chinese listing in the country in nearly two years, following China’s effective ban of foreign IPOs.
Zeekr filed last...
Twitter will remove all legacy blue checkmarks “in a few months,” according to a tweet from CEO Elon Musk.
“The way in which they were given out was corrupt and nonsensical,” tweeted Musk.
Before Musk bought Twitter, checkmarks were used to verify individuals and entities as active, authentic and notable...
Uber is suing the New York City Taxi & Limousine Commission (TLC), which last month approved a fare hike for ride-hail apps and taxi drivers amid a post-pandemic driver shortage, rising operational costs and higher inflation. The ride-hail company is attempting to prevent an increase in rates it...
Twitter is officially bringing back the Twitter Blue subscription Monday, starting in five countries before rapidly expanding to others, according to Esther Crawford, director of product management at Twitter. Web sign-ups will cost $8 per month and iOS sign ups will cost $11 per month for “access to...
Google plans to combine the teams working on its Maps product and on Waze, a mapping service that Google acquired in 2013. The merger comes as the search engine giant feels the pressure to cut costs and consolidate operations, reports The Wall Street Journal.
Waze’s team of 500 employees...
Tesla plans to add a new radar product to its vehicles in mid-January, according to documents posted with the Federal Communications Commission.
The disclosure, which was first reported by Electrek, comes as the company faces scrutiny over the safety and capabilities of its standard advanced driver assistance system known...
Vietnamese electric vehicle maker VinFast has filed for an initial public offering in the United States, the company said Tuesday. Shares will be listed on the Nasdaq under the ticker “VFS.”
VinFast, which was founded in 2017 and began operations in 2019, will convert to a Singapore public limited...
Uber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats and Postmates food delivery apps without the restaurants’ consent, as well as for charging excess commission fees.
Over $5 million will go toward paying damages back to Chicago restaurants...
