The SEC drops its four-year-old investigation into EV startup Faraday Future
After four years, and multiple subpoenas and depositions, the beleaguered startup has dodged yet another bullet.
Rivian sacrifices 2027 profit goal to push deeper into autonomy
Rivian admitted in a regulatory filing that it is delaying its goal of reaching “positive EBITDA” next year because of how much it is spending on developing self-driving technology.
Arc expands into electric commercial and defense boats with $50M raise
The Los Angeles startup raised $50 million from Eclipse, a16z, Menlo Ventures, and others as it seeks to expand beyond sport boats.
Feds intensify investigation into Tesla’s Full Self-Driving (Supervised) software
The National Highway Traffic Safety Administration has upgraded its probe after finding more instances of Tesla’s driving software struggling in low-visibility conditions.
Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
He told the Wall Street Journal he thinks autonomous planes will be “10 times harder than Nikola ever was.”
Travis Kalanick launches a new company called Atoms focused on robotics
Kalanick’s existing ghost kitchen company CloudKitchens will be rolled into Atoms, which also wants to get into mining and transport.
Motional robotaxis join the Uber app in Vegas two years after major reset
The launch comes just two years after a major reboot at Hyundai-owned Motional. The service will start with a safety monitor, which Motional hopes to remove by year’s end.
Why Rivian is holding the $45,000 base model R2 until ‘late 2027’
Rivian spent the last two years promoting the R2 as a $45,000 SUV. But buyers won’t be able to pay that price until late next year — if at all.
Lucid Motors shows off robotaxi concept called ‘Lunar’
The concept was a highlight of Lucid’s investor day, in which the company detailed its ambitions to push deeper into autonomy while pumping out new, affordable EVs.
Uber, Wayve and Nissan plan to launch a robotaxi service in Tokyo this year
Nissan will integrate Wayve’s self-driving software into the Leaf with the goal of making the vehicles available on the Uber app in Tokyo.