The Latest from Kirsten Korosec
Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit
Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet. The central question in the lawsuit was
Tesla, Ford and GM win in EV tax credit change
A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach-E and Tesla’s five-seater Model Y, thanks to a change by
Ford left ‘$2B of profits on the table’ in 2022
Ford reported Thursday it earned $10.4 billion in net income last year, falling well below its own guidance and missing Wall Street’s expectations as the U.S. automaker struggled with supply cha
Bollinger Motors sues Munro Vehicles over similarity of its EVs
Two EV startups may soon be battling it out in court over alleged breach of contract and patent infringement. EV startup Bollinger Motors filed a lawsuit this week in the U.S. District of Southern New
Nissan finally shows off the Max-Out EV convertible concept in IRL
Way back in November 2021, Nissan shared renderings of four electric vehicle concepts with intriguing names like Chill-Out, Surf-Out, Hang-Out and Max-Out as part of its announcement to invest $17.6 b
Rivian to cut another 6% of its workforce
Rivian, the buzzy EV automaker that had one of the biggest IPOs in 2021, is cutting 6% of its workforce for the second time in less than a year, according to an internal memo sent to employees today b
GM invests $650M in lithium mining to lock down EV raw materials
General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key
AV company Aurora hires president ahead of commercial launch
Aurora Innovation said Monday it has hired Ossa Fisher as president as the autonomous vehicle company prepares to commercially launch its self-driving trucks business next year. The company said Fishe
EV company Arrival to cut workforce by 50% in third restructuring effort
Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the U.K.-based commercial EV company attempts to reduce oper
Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles
Elon takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo
It seems we can’t get through a week without discussing something related to Tesla. Much of the attention was directed at the class-action securities fraud trial in San Francisco.
Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO
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Outrider raises $73M to bring its autonomous electric yard trucks into the mainstream
Autonomous vehicle technology may no longer be the fuel powering the hype machine. But companies applying the technology to agriculture, commercial and logistics applications are still attracting vent
Lidar companies face a ‘make it or break it’ year
That nagging déjà vu feeling kept creeping in earlier this month during CES 2023 in Las Vegas. At every turn, in the newly constructed West Hall at the Las Vegas Convention Center, and even amid the
Shell snaps up EV charging operator Volta for $169 million
A U.S.-based subsidiary of oil company Shell is buying EV charging network operator Volta in an all-cash transaction valued at $169 million. Under the terms of the merger agreement, Shell USA Inc. wil
Uber drivers in Europe gain access to Tesla, Polestar and other EVs through Hertz
Uber has expanded an agreement with Hertz to get thousands of ride-hailing drivers behind the wheel of an electric car — this time in Europe. The two companies announced that Hertz will make up to 2
Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subsc
Bugatti’s new electric scooter is bigger with W16 Mistral vibes
Somewhere hidden amid the thousands of flashy displays and exhibits at CES 2023 in Las Vegas was the newly upgraded 2023 Bugatti electric scooter. TechCrunch never saw it. Did anyone? Luckily, details
Tesla keeps slashing prices, this time by as much as 20%
Tesla has once again lowered prices of its EVs — this time for U.S. buyers — as the automaker scrambles to shore up demand. This is at least the fourth time the automaker has discounted its vehicl
News aggregator SmartNews lays off 40% of US and China staff, with further reductions planned in Japan
SmartNews, a Tokyo-headquartered news aggregation website and app valued at $2 billion as of 2021, today announced a 40% reduction of its U.S. and China workforce, or around 120 people, according to s