Automotive Industry
AWS to help auto makers remotely diagnose issues
The new service is in line with the industry’s growing shift to software-defined vehicles and systems.
1 Dec 2021
Apple accelerates work on car, aims for fully autonomous vehicle
Apple is refocusing its project around full self-driving capabilities, a person familiar with the matter told Bloomberg.
18 Nov 2021
Musk in talks with Brazil on monitoring Amazon rainforest
Elon Musk floated the possibility of using SpaceX satellite tech to monitor deforestation and forest fires.
16 Nov 2021
Tesla nears bear-market territory after prolonged tumble
The stock recovered a bit to close down 1.9% at $1,013.39, marking a nearly 18% decline from its November 4 high.
15 Nov 2021
Rivian is now biggest US company by market value with no revenue
Rivian Automotive’s shares have soared 67 percent from their initial public offering price of $78 on Wednesday.
12 Nov 2021
After gangbuster debut, Rivian draws comparison to Tesla
After gaining 29 percent in their first day of trading, Rivian shares soared as much as 24 percent Thursday.
11 Nov 2021
Poll toll: Musk sells $5bn of Tesla stock after Twitter survey
Tesla shares tumbled 16% on Monday and Tuesday after Musk’s Twitter followers voted for him to sell shares.
11 Nov 2021
Rivian briefly touches $100BN value before easing on gains
Shares of Rivian opened trading Wednesday at $106.75 after selling for $78 in the company’s initial public offering.
10 Nov 2021
Amazon-backed electric truck maker Rivian goes public
Ahead of its market debut on Wednesday, shares of Rivian priced at $78, valuing the EV maker at an estimated $66.5bn.
10 Nov 2021
Tesla drops 12% as investors brace for possible Musk stock sale
Elon Musk’s Twitter poll asked voters last weekend if he should sell 10% of his stake in the electric-vehicle company.
9 Nov 2021
Greenpeace Germany sues Volkswagen for ‘fuelling climate crisis’
Lawsuit could slash car giant’s CO2 emissions by two gigatonnes over the next two decades if successful, NGO says.
9 Nov 2021
Tesla tumbles after Musk Twitter poll on selling 10% of his stake
A majority of Elon Musk’s 3.5 million followers on Twitter said they’d support him selling 10% of his stake in Tesla.
8 Nov 2021
Australian flagship carrier Qantas announces 500,000 bookings
The surge in bookings comes as the country’s states emerge from lockdowns and border closures
5 Nov 2021
Uber reports first quarterly profit as rides recover
Total revenue grew 72 percent to $4.8bn, but losses remain high due to the company’s Didi holding.
4 Nov 2021
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