Transportation

Elon Musk testified Monday that he was not only certain he’d have the backing from Saudi financiers to take Tesla private in 2018, but also that he could have sold enough shares of his rocket company SpaceX to fund a buyout. Musk defended himself as part of an ongoing lawsuit against the CEO

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Tesla CEO Elon Musk oversaw a 2016 video that overstated the capabilities of the automaker’s driver assistance system, Autopilot, according to internal emails viewed by Bloomberg. The emails show that Musk even dictated the opening tagline of the video that claimed the car drove itself. Earli

The clock is ticking for Uber to electrify its fleet, and the rideshare company wants automakers to help by designing cheaper electric vehicles for its drivers. Lawmakers are setting deadlines for rideshare companies to ditch fossil fuels (California‘s Air Resources Board among them), and Ub

Autonomous vehicle technology may no longer be the fuel powering the hype machine. But companies applying the technology to agriculture, commercial and logistics applications are still attracting venture capital. Take Outrider, a Golden, Colorado startup developing autonomous electric yard trucks,

The question of whether Tesla CEO Elon Musk is a fraud or is just too careless with his words took center stage in a San Francisco court room Wednesday. Under the microscope was Musk's notorious 2018 tweet that stated funding was “secured” to take Tesla private at a potential value of $420

That nagging déjà vu feeling kept creeping in earlier this month during CES 2023 in Las Vegas. At every turn, in the newly constructed West Hall at the Las Vegas Convention Center, and even amid the crowded startup grinder at Eureka Park, was a company pitching lidar sensor technology.

A U.S.-based subsidiary of oil company Shell is buying EV charging network operator Volta in an all-cash transaction valued at $169 million. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash upon c

Autonomous trucking startup Waabi has bagged Volvo Group Venture Capital AB, the automaker’s VC arm, as a strategic investor. The companies aren’t disclosing the amount invested, nor many other details about the deal, but having Volvo on board will both provide Waabi access to VolvoR

Barely a year after Tanzania capped the commissions that e-hailing firms like Uber and Bolt charge their partners at 15%, the authority in charge has backtracked on the order, taking away drivers’ prospects of increased earnings. The fee was increased to 25% effective last Sunday after the La

Gogoro, the Taiwanese paladin for two-wheeler battery swapping, is working with the Indian state of Maharashtra to establish state-wide battery charging and swapping infrastructure. The initiative will be driven by a “50-50” partnership between Gogoro and Belrise Industries, an automoti

Tesla faked a 2016 video promoting its self-driving technology, according to testimony by a senior engineer reviewed by Reuters. The video, which shows a Tesla Model X driving on urban, suburban and highway streets; stopping itself at a red light; and accelerating at a green light is still on Tesla

Uber has expanded an agreement with Hertz to get thousands of ride-hailing drivers behind the wheel of an electric car — this time in Europe. The two companies announced that Hertz will make up to 25,000 EVs available to Uber drivers in European capital cities by 2025. The announcement comes abou

The great American sports car is going partly electric. Chevy pulled the wraps off the 2024 Corvette E-Ray, revealing a dual powertrain affair. A 6.2L Small Block V8 sits behind the driver in a mid-engine configuration. An electric motor is connected to the front wheels, providing AWD and instant t