Rad Power Bikes files for bankruptcy and is looking to sell the business
It’s the latest e-bike company to seek bankruptcy protection after pandemic-era excitement for the category wore off.
It’s the latest e-bike company to seek bankruptcy protection after pandemic-era excitement for the category wore off.
The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.
It took Slate Auto about seven months to grow its customer list by 50%, but new reservations appear to be outpacing any cancelations.
Luminar says trouble with Volvo started as early as 2022, and that the Swedish automaker made — but then backed away from — large orders of its lidar sensors.
Ford will invest about $2 billion into the new business over the next two years.
The company is abandoning plans for a brand new all-electric pickup truck codenamed “T3” and ending production of the battery-only Lightning.
The filing marks the end of a tumultuous year full of layoffs, executive departures, and piling debts.
It’s one of the last big steps before the company can truly claim it’s operating a robotaxi service, and start to take on Waymo.
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Spinny is set to be valued at about $1.8 billion post-money in its latest funding round.