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Business, Technology, Logistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

A DoorDash delivery bag sits on the floor inside a Washington, D.C., restaurant on March 26. Andrew Harrer/Bloomberg News

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

Crystal Tse and Katie Roof | Bloomberg News
December 9, 2020
Business, Technology, Fuel, Autonomous

Tesla Seeks to Raise Another $5 Billion in Stock Offering

Tesla plant Tesla's Fremont, Calif., plant. (Ben Margot/AP)

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.

Michelle Chapman | Associated Press
December 8, 2020
Government, Business, Technology, Logistics

AM Radio Transmitter Sites Now Valuable Real Estate for Logistics Industry

Radio tower Shauni/Getty Images

Sites that for decades housed AM radio towers today command top dollar as e-commerce fuels rising demand for new warehouses and logistics centers.

Dan Ronan | Associate News Editor
December 8, 2020
Business, Technology, Fuel

VW’s Battery Bet Reveals Data Showing Tech Could Top Tesla

Robots work on the body of a VW ID.3 car at the company's plant in Zwickau, Germany. Robots work on the body of a VW ID.3 car at the company's plant in Zwickau, Germany. (Jens Meyer/Associated Press)

QuantumScape Corp., a battery startup that counts Volkswagen AG as its largest shareholder, says new data shows its batteries can be charged to as much as 80% of full power in 15 minutes, almost twice as fast as a Tesla Model 3.

December 8, 2020
Government, Business, Technology, Fuel

Tesla’s German Factory Faces New Snag After Court Halts Logging

Tesla's factory stands on an area of cleared forest in Gruenheide, Germany, on Sept. 20. Tesla's factory stands on an area of cleared forest in Gruenheide, Germany, on Sept. 20. (Alex Kraus/Bloomberg News)

Tesla Inc. was ordered by a local court to halt tree clearance for its new factory near Berlin after complaints from two environmental groups, potentially disrupting progress in completing the company’s first European gigafactory.

Brian Parkin | Bloomberg News
December 8, 2020
Government, Business, Technology, Safety, Logistics, Autonomous

Elaine Chao Discusses Partnerships as Busy Year Draws to a Close

Elaine Chao Transportation Secretary Elaine Chao at an Infrastructure Week event in 2017. She cited the partnerships the agency has built as her proudest accomplishment as DOT leader. (U.S. Department of Transportation)

Transportation Secretary Elaine Chao credited stakeholders for helping regulators propel the industry forward through a challenging 2020.

Eleanor Lamb | Staff Reporter
December 8, 2020
Business, Technology

Trevor Milton Plans to Remain Top Nikola Owner Post-Lockup Expiration

Signage is displayed outside Nikola Corp. headquarters in Phoenix on Sept. 15. Signage is displayed outside Nikola Corp. headquarters in Phoenix on Sept. 15. (Ash Ponders/Bloomberg News)

Trevor Milton said he remains committed to his Nikola Corp. holding and doesn’t plan to relinquish his position as its largest shareholder even though a restriction has been lifted, addressing speculation that he could divest of his stake in the company he founded and resigned from.

David Welch | Bloomberg News
December 8, 2020
Business, Technology, Autonomous

Aurora to Buy Uber’s Self-Driving Vehicles Arm

Uber self-driving cars A parking lot full of Uber self-driving Volvos in Pittsburgh on March 20, 2020. (Gene J. Puskar/Associated Press)

Uber is selling off its autonomous vehicles-development arm to Aurora as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.

December 7, 2020
Government, Business, Technology, Safety

Some Experts See Plane-Crash Risk Rising on Expansion of 5G Spectrum

Federal Communications Commission headquarters FCC headquarters. “I see a very significant safety issue here unless we find a way to mitigate it,” said Terry McVenes, president of RTCA Inc., a nonprofit that studies technical issues involving aviation. (Andrew Harrer/Bloomberg News)

A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.

December 7, 2020
Business, Technology, Safety, Autonomous

Luminar Technologies More Than Doubles Post SPAC Merger

Luminar Technologies lidar imaging Luminar Technologies lidar imaging. (David Paul Morris/Bloomberg News)

Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a stand-alone company as investor excitement over developers of laser sensors that enable autonomous driving ramped up.

Crystal Kim | Bloomberg News
December 7, 2020

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