Tag: Automotive
Tesla’s furlough calls begin with delivery and sales taking a hit
Tesla started Friday to furlough its sales and delivery workforce — with the least experienced employees bearing the brunt of the action — days after a companywide email announced salary cuts and reductions due to the COVID-19 pandemic. Several employees, who work in sales and delivery and spoke to TechCrunch…
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Tesla resurrects long-range RWD Model 3 for the Chinese market
Tesla is now producing and selling the long-range rear-wheel drive version of its Model 3 electric vehicle at its Shanghai factory, a month after receiving approval from the Chinese government. The move might not be a milestone, but it’s notable because Tesla discontinued production of the long-range RWD Model 3…
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DARPA snags Intel to lead its machine learning security tech
Chip maker Intel has been chosen to lead a new initiative led by the U.S. military’s research wing, DARPA, aimed at improving cyber-defenses against deception attacks on machine learning models. Machine learning is a kind of artificial intelligence that allows systems to improve over time with new data and experiences.…
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Stocks rally again as new COVID-19 cases show signs of slowing
All major indices rose Wednesday, led by the Dow Jones Industrial Average, which increased 3.44% to close above 23,000 for the first time since March 13. Investors seemed heartened by comments made by National Institute of Allergy and Infectious Diseases Director Anthony Fauci, who said Wednesday that the U.S. death…
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Tesla to cut salaries, furlough workers as COVID-19 shutdowns extended to May 4
Tesla is suspending production at its U.S. factories until May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers, according to an internal email sent Tuesday night and viewed by TechCrunch. Pay cuts for salaried employees —…
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Nuro gets OK to test its driverless delivery vehicles on California public roads
Autonomous delivery startup Nuro has been granted a permit to begin driverless testing on California’s public roads, paving the way for the company to roll out commercial operations throughout the state. Nuro, which raised $940 million from SoftBank Vision Fund last year, is allowed to put two of its low-speed…
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