Trevor Milton to reimburse Nikola $165M per arbitration proceeding

Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding. Nikola said in a filing with the Securities and Exchange Commission that an arbitration panel in New York awarded the funds to

California DMV immediately suspends Cruise’s robotaxi permit

The California Department of Motor Vehicles said Tuesday it has immediately suspended Cruise’s deployment and driverless testing permits, ending the GM self-driving car subsidiary’s robotaxi operations in San Francisco just months after receiving the last necessary permit to commerciali

Feds expand Tesla investigation to include vehicle range, personal benefits

Tesla has the attention of the U.S. Department of Justice — again. Tesla has received requests for information, including subpoenas from the DOJ, the automaker disclosed Monday in a U.S. Securities and Exchange Commission filing. The DOJ issued subpoenas related to perks, the advertised range of

Rivian R1T is the first EV to win the longest off-road competition in the US

Motorsports and off-road competition isn’t the typical fodder over here at technewss — unless, of course, there also happens to be a podium-winning team driving an all-electric 2023 Rivian R1T. The Rebelle Rally, the longest off-road map-and-compass rally in the United States, wrapped up

Tesla ‘digs its own grave with the Cybertruck,’ Convoy collapses and Rivian scores a win at Rebelle

Welcome back to The Station, your central hub for all past, present and future means of moving and packages from Point A to Point B. Your usual host Kirsten was shredding off-road at the Rebelle Rally this week, so I’ll be taking over the newsletter. Let’s jump in with a few words abo

Toyota hops on Tesla’s EV charging standard, leaving Stellantis and VW as holdouts

Another day, another convert: Toyota and Lexus electric vehicles will adopt Tesla’s chargers starting in 2025, Toyota said this week.   The top automaker by global sales, Toyota is the latest to back the North American Charging Standard (NACS), following Hyundai, Kia, Honda, Nissan, Merced

Waymo’s new simulator helps researchers train more realistic agents

Autonomous vehicle companies use simulators to train their self-driving systems and teach them how to react to “agents” — things like pedestrians, cyclists, traffic signals and other cars. To have a truly advanced AV system, those agents need to behave and react realistically to t

All eyes on Tesla’s margins

Shares of Tesla are off this morning in the wake of the company’s Q3 2023 earnings report. technewss covered the company’s aggregate results here. While Tesla’s results missed street estimates in both revenue and profit terms, there was much to like about the company’s quar

GM, Cruise and Honda to launch robotaxi service in Japan

General Motors, self-driving car subsidiary Cruise and Honda plan to launch a robotaxi service in Japan under a new joint venture, the three companies announced today. The companies intend to launch the service with the custom-built Cruise Origin vehicles in central Tokyo in early 2026. The service

Elon Musk warns Cybertruck won’t be profitable until 2025

Tesla CEO Elon Musk issued a warning Wednesday about the soon-to-be delivered Cybertruck that might sound familiar to those who closely followed the company’s Model 3 “production hell” era. The gist? Scaling production of a vehicle like the Cybertruck is hard and it’s going

Tesla Cybertruck deliveries set for November 30

Tesla has finally set a date for the first deliveries of the Cybertruck. CEO Elon Musk posted on social media Wednesday that the Cybertruck delivery event, which traditionally means a few select customers get to take possession of their vehicles, will be held November 30 at the company’s Aust

Tesla Q3 profit falls 44% on EV price cuts

Tesla’s decision to repeatedly slash EV prices put pressure on margins, causing profits to fall 44% to $1.85 billion in the third quarter from the same year-ago period, the company reported Wednesday. Tesla reported revenue of $23.35 billion in the third quarter, which gained 9% year-over-ye

Foxconn and Nvidia are building ‘AI factories’ to accelerate self-driving cars

Nvidia and Foxconn are working together to build so-called “AI factories,” a new class of data centers that promise to provide supercomputing powers to accelerate the development of self-driving cars, autonomous machines and industrial robots. Nvidia founder and CEO Jensen Huang and Fox

Tesla looks to maintain EV dominance by pushing for stricter fuel standards

Tesla has already cornered the electric vehicle market in the U.S. Now it’s calling for stricter regulations that will give it even more of an edge. The Elon Musk–owned automaker is urging the Biden administration to adopt tougher fuel economy standards than regulators have proposed, a move