Tag: transportation
Kodiak Robotics’ founder says tight focus on autonomous trucks is working
Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and…
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Nikola founder Trevor Milton indicted on three counts of fraud
Trevor Milton, the fast-talking showman founder of Nikola and the electric truck startup’s former CEO and executive chairman, has been charged with three counts of fraud. Milton “engaged in a fraudulent scheme to deceive retail investors” for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney’s…
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Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y
Tesla is pushing the launch of its electric Semi truck program to 2022 due to supply chain challenges and the limited availability of battery cells, the company said in its second-quarter earnings report Monday. Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might…
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Polestar to double its retail stores as it seeks to ramp up EV sales
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans. The company, which is the electric performance vehicle brand under Volvo Car Group, said it is also planning to double the number of retail stores to…
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Automakers have battery anxiety, so they’re taking control of the supply
‘The batteries don’t show up, you’re bankrupt, you’re dead’ Rebecca Bellan 7 hours Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a supply of cells.…
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Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s attorney general
Getaround was fined nearly $1 million by the Washington, D.C. Office of the attorney general for operating without a license and other violations, part of a settlement of what the peer-to-peer car rental startup calls “politically motivated allegations.” The AG’s office started investigating the company early last year, after it…
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