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Business, Technology, Fuel, Autonomous

Tesla Q1 Earnings 7 Times More Than Year Ago

Tesla logo on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla logo on a 2020 Model X at a Tesla dealership in Littleton, Colo. (David Zalubowski/Associated Press)

DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

Tom Krisher | Associated Press
April 20, 2022
Business, Technology, Autonomous

Torc Demonstrates Progress on Road to Autonomous Trucking

Torc truck A Freightliner Cascadia model equipped with Torc Robotics’ autonomous driving system travels on the highway. (Daimler Truck)

ALBUQUERQUE, N.M. — Self-driving truck developer Torc Robotics is expanding its on-road testing and industry partnerships to advance its mission to make hub-to-hub autonomous trucking a reality in the United States by the end of this decade.

Seth Clevenger | Managing Editor, Features
April 20, 2022
Business, Technology, Fuel, Logistics, Autonomous

Walmart Will Run Forklifts on ‘Green’ Hydrogen in Plug Power Deal

Plug Power Plug Power provides "green hydrogen." (Plug Power via YouTube)

Plug Power Inc.’s bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company’s oldest customers: Walmart Inc.

David R. Baker | Bloomberg News
April 19, 2022
Government, Business, Technology, Autonomous

Rivian’s EV Factory Remains Constrained by Chip Shortage

Rivian plant Rivian assembly line by Jamie Kelter Davis/Bloomberg

Rivian Automotive Inc.’s “launch mode” is impressive — at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.

April 18, 2022
Government, Business, Technology, Safety, Autonomous

NHTSA Opens Two Defect Investigations Into Tesla Autopilot

tesla autopilot Tesla dashboard by Christopher Godney/Bloomberg News

The National Highway Traffic Safety Administration, which has the authority to force recalls, has opened two formal defect investigations that could ultimately lead Tesla Inc. to have to retrofit cars and restrict use of Autopilot in situations it still can’t safely handle.

April 18, 2022
Business, Fuel, Autonomous

Twitter Adopts ‘Poison Pill’ Defense in Musk Takeover Bid

Elon Musk at the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany. Elon Musk at the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany. (Patrick Pleul/Pool Photo via Associated Press)

PROVIDENCE, R.I. — Twitter said April 15 that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.

Matt O’Brien | The Associated Press
April 15, 2022
Business, Technology, Fuel, Autonomous

Elon Musk Makes $43 Billion Bid to Take Twitter Private

Elon Musk Musk will offer $54.20 per share in cash, valuing Twitter at about $43 billion. (picture alliance/Bloomberg News)

Elon Musk has made a controversial offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it.

April 14, 2022
Business, Technology, Autonomous, TCA

What Happens When Police Pull Over a Driverless Vehicle? Watch.

 A Cruise vehicle in San Francisco, Calif. A Cruise similar to the one stopped by San Francisco police. (David Paul Morris/Bloomberg News)

Who gets a ticket in a driverless car? It turns out no one does, the San Francisco Police learned recently.

Kalea Hall | The Detroit News
April 11, 2022
Business, Technology, Autonomous

Elon Musk Won’t Join Twitter’s Board

Musk Musk is no longer going to join the Twitter board. (John Raoux/Associated Press)

Twitter Inc.’s shares slid after Elon Musk decided not to join its board, a stunning twist to a weeklong saga that has captivated the tech community and touched off renewed speculation about the company’s future.

April 11, 2022
Business, Technology, Safety, Autonomous

Musk Says Tesla Will Build Vehicle Designed to Be a Robotaxi

Robotaxi Tesla CEO Elon Musk speaks at the "Cyber Rodeo" grand opening celebration. Musk didn’t give details of the robotaxi other than to say it will “look quite futuristic. (Jay Janner/Austin American-Statesman via Associated Press)

AUSTIN, Texas — Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory.

April 8, 2022