Transportation

36-Year-Old CEO Has Amazon Riding Shotgun

Rivian Automotive founder R.J. Scaringe approached deep-pocketed Saudi investors in late 2011 with an audacious proposal. The young entrepreneur confessed he had no experience running a company. He admitted his initial prototype-a battery-powered sports car much like Tesla’s Roadster-was the wrong idea, and planned to build a pickup instead. Of course Scaringe didn’t have a truck to show then. What …

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Tesla Rushes Model 3s to China Before Trade-War Truce Expires

At least three ships roughly the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk. Tesla is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald …

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Tesla Adds ‘Sentry Mode’ Safety Feature to Its Electric Cars

Elon Musk’s Tesla on Wednesday launched a safety feature called “sentry mode” for its electric cars, as it attempts to make its vehicles more attractive to buyers. The feature will be compatible with US Model 3 vehicles, followed by Model S and Model X vehicles that were manufactured after August 2017, the electric carmaker said. When enabled, the “sentry mode” monitors the …

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Apple’s Self-Driving Car Technology Ranks Last in Report by US Regulator

Apple has sharply increased its efforts to test self-driving cars on public roads but lags far behind market leader Waymo on a key safety metric, according to data released on Wednesday by the California Department of Motor Vehicles. Apple, which has kept details of its self-driving program under wraps, put in 79,745 miles (128,337 km) of testing in California in 2018, …

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Self-Driving Delivery Startup Nuro Gets $949 Million SoftBank Investment

A Silicon Valley startup working on self-driving delivery vehicles on Monday announced nearly a billion dollars in fresh funding from the SoftBank Vision Fund. The $940 million(roughly Rs. 6,600 crores) in financing from SoftBank brought the total amount of funding raised by Nuro to more than $1 billion (roughly Rs. 7,100 crores), with investors including Greylock Partners and Gaorong Capital, …

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Tesla’s Delivery Team Said to Haved Been Gutted in Recent Job Cuts

When Tesla announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said. Some 150 employees out of a team of about 230 were let go in January at …

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Amazon Invests in Self-Driving Car Startup Aurora, Founded by Former Google, Tesla, Uber Executives

A self-driving car technology startup founded by former Google, Tesla and Uber executives said Thursday it secured $530 million in new funding that included a “significant” investment from Amazon. The funding round for Aurora Innovation led by Silicon Valley venture capital powerhouse Sequoia reportedly valued the startup launched just two years ago at more than $2.5 billion (roughly Rs. 17,800 …

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Tesla Begins Sales of Cheaper Model 3 Car Variant in China

US electric vehicle maker Tesla said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing. The California-based firm said in a statement that Chinese customers will be allowed to place orders for a long range, rear-wheel-drive Model 3 …

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Elon Musk Releases All Tesla Patents in Bid to Save the Planet

Elon Musk announced Thursday he had released all of the electric carmaker Tesla’s patents, as part of an effort to fight climate change. In a blog post, the colourful billionaire founder of Tesla promised the company “will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.” It was a remarkable move in an industry …

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Musk Not Worried About Tesla Model 3 Demand, Wall Street Thinks Otherwise

Tesla shares fell on Thursday as Wall Street wondered if demand for its mass market Model 3 sedan could be sustained while it tries to make substantial inroads in China. Chief Executive Officer Elon Musk said he sees higher demand for the Model 3, as the electric car maker begins to ship cars to Europe and Asia from its Fremont, California …

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