With dubstep as the soundtrack and neon lighting as the backdrop, Elon Musk handed the first Cybertrucks over to a select group of customers that included Reddit co-founder and VC fund Seven Seven Six
The Tesla Cybertruck, the first of which will be delivered Thursday four years after its debut, is loved and loathed. For fans, it’s a symbol for what Tesla and its CEO Elon Musk stand for: crea
GM Chair and CEO Mary Barra reiterated Wednesday plans for Cruise to be more “deliberate” when operations eventually resume at the troubled self-driving vehicle subsidiary. For GM, that wi
Rivian kicked off Monday a limited program that will give customers in select U.S. states the option to lease an all-electric R1T pickup truck. For now, customers living in 14 U.S. states can access t
Cruise executives are taking a measured business approach that preserves cash and improves safety culture in an attempt to put GM’s troubled autonomous vehicle subsidiary on the right path. The
Luminar founder and CEO Austin Russell’s bid to buy Forbes Global Media Holdings has ended. Integrated Whale Media Investments, the Hong Kong-based parent company of Forbes, terminated the agree
Ford said Tuesday it will downsize its plans to build a factory in Michigan that makes cheaper lithium iron phosphate batteries using tech licensed from China’s CATL. The decision comes two months a
Rivian founder and CEO RJ Scaringe has taken on another role within the publicly traded EV maker as chief product officer Nick Kalayjian moves out of the job and eventually into an advisory position,
Kyle Vogt, the serial entrepreneur who co-founded and led Cruise from a startup in a garage through its acquisition and ownership by General Motors, has resigned, according to an email sent to employe
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BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun ou
Cruise, the autonomous vehicle subsidiary of General Motors, told staff Thursday via email that the employee share-selling program for the fourth quarter is suspended, following an incident that resul
It was inevitable. Amazon, which got its start selling books, is getting into the car business. The e-commerce giant along with new partner Hyundai announced Thursday at the 2023 LA Auto Show that it
EV maker Lucid took the long-awaited wraps off the Gravity, an all-electric three-row SUV with a range that could hypothetically leave a Tesla Model X, Fisker Ocean or Rivian R1S stuck behind at a cha
Battery cells produced at Toyota’s future North American EV factory will someday contain a little Redwood Materials DNA. The two companies announced Thursday that Redwood Materials will supply T
Arrival, the once buzzy EV startup that went public via a merger with a blank check company, is in its final death throes. The company has secured a $50 million bridge loan, funds that will keep it af
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Welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Today we’re talking about the week’s biggest startup and tech news.
Cruise, the GM self-driving car subsidiary, has started laying off contingent workers after pausing all of it driverless operations and losing key commercial permits that allowed it to operate a robot
GM self-driving car subsidiary Cruise issued a recall for 950 vehicles equipped with its autonomous vehicle software following a crash that left a pedestrian, who had initially been hit by a human-dri
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