Via raises $492.9M in IPO, and German automakers go on the offensive
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Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’
Tesla’s board chair is defending a proposed 10-year, $1 trillion compensation package for CEO Elon Musk.
Ram ends EV pickup truck plans
Stellantis, the parent company of Ram, said Friday that it will no longer develop a battery-electric full-size pickup. The company cited low demand for full-size battery-electric trucks as the primary reason.
Via shrugs off tepid open to end first day of trading slightly above IPO price
Transit tech software startup Via had its IPO debut on Friday, starting at below offering price before rising to close at nearly $50.
New FAA program will let eVTOL startups test some operations before full certification
It’s a major change that paves the way for electric air taxi startups to perform more robust demonstrations of their technology before they begin any commercial flights.
Tesla’s robotaxi plans for Nevada move forward with testing permit
Tesla can now test its autonomous vehicle technology on public streets in Nevada, but it still has steps to take if it wants to offer paid rides like in Austin, Texas.
Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’
A worker had to be rescued by the local fire department, but is reportedly stable. Dozens of Boring Company workers have been injured over the years in Vegas.
Justice Department sues Uber for allegedly discriminating against people with disabilities
It’s the latest in a long line of criticism — and action — against the company’s treatment of people with physical disabilities.
Arc gets its first major order for electric tugboats worth $160M
It’s a big step in the company’s ambitous plan to electrify all watercraft.
Dutch battery startup LeydenJar’s silicon anode tech could pose a challenge to China
LeydenJar raised €13 million along with €10 million from a U.S. consumer electronics company to scale production of its silicon anode material.