Transportation

Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the autom

Tesla launches new Model 3 Performance variant to rev up demand

Tesla has officially revealed a new Performance variant of the recently refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model 3, which starts at $52,9

Tesla earnings week spotlights EV price cuts, ‘balls to the wall’ autonomy push

Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in

Fisker plans more layoffs as cash dwindles and bankruptcy looms

Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protect

Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 ‘electric upgrade’ discount

Rivian is offering discounts of up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs. The company is offering discounts on thr

Amazon ends California drone deliveries

Amazon confirmed it is ending Prime Air drone delivery operations in Lockeford, California. The Central California town of 3,500 was the company’s second U.S. drone delivery site, after College Stat

TechCrunch Minute: Tesla’s Cybertruck recall, layoffs set the stage for its Q1 earnings

Tesla is not having a good start to the week. In its defense, it didn’t have a very good end to last week, either. Today the news is that recent price cuts have irked Tesla investors, who sent i

Tesla layoffs, Cybertruck recalls and Serve Robotics goes public

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every w

Tesla recalls the Cybertruck for faulty accelerator pedals that can get stuck

Tesla is recalling all 3,878 Cybertrucks that it has shipped to date, due to a problem where the accelerator pedal can get stuck, putting drivers at risk of a crash, according to the National Highway

Tesla still plans to build 1,800-mile charging corridor for semi trucks despite Biden funding snub

Tesla is pushing forward with a plan to build an electric big rig charging corridor stretching from Texas to California, despite being snubbed by a lucrative federal funding program that’s part

Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash

Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as

6 Waymo robotaxis block traffic to San Francisco freeway on-ramp

Waymo can operate on San Francisco freeways without a human driver, but the company is still only testing on freeways with a human driver in the front seat.

How Found Energy went from ‘self-cannibalizing robots’ to cleaning up heavy industry

The startup is decarbonizing heavy industry using aluminum as a fuel, an approach inspired by a future mission to Europa.

Tesla has spent $200K advertising on Elon Musk’s X so far

Tesla has spent around $200,000 on advertising through February on Elon Musk’s social media platform, X, after the CEO caved to shareholder pressure last year and said his company would “t

Waymo begins robotaxi testing in Atlanta

Waymo, the self-driving company under Alphabet, began testing its robotaxis in Atlanta on Tuesday, adding another city to its ever-expanding testing and deployment domain. Over the next few months, Wa

Tesla ditches EV inventory price discounts as Elon Musk moves to ‘streamline’ sales and delivery

Tesla has ended discounts on inventory across its electric vehicle lineup — even as sales for EVs have flagged — as part of a larger and vague plan by CEO Elon Musk to “streamline th

TechCrunch Minute: Why Tesla’s big layoffs happened, and what comes next

Tesla’s layoffs and executive departures took a bite out of its share price this week. The well-known electric vehicle company shed around 10% of its staff, impacting an estimated 14,000 people

Tesla layoffs hit high performers, some departments slashed, sources say

Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a sourc

Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10%

Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Ener

TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every w
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