Tag: Autos
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SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
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Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old
Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla’s partially automated driving systems.
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Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves
Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.
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Waymo recalls about 3,900 robotaxis after some drove into ‘freeway construction zones’
After some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying software issues.
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Here are 5 wild stats from SpaceX’s first week on the Nasdaq
SpaceX’s first few days of trading have been filled with superlatives, from trading volume to the size of the company’s first acquisition.
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SpaceX adds longtime Elon Musk ally Roelof Botha to board
Roelof Botha, who worked with Elon Musk at PayPal in the dot-com era before becoming a prominent venture capitalist, is joining the SpaceX board.
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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
Despite the beats, questions remain about the company’s ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.
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Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online
But don’t expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.
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BMW stock slumps to 5-year low as Iran war and China slowdown spark profit warning
BMW blamed a slowdown in its Chinese market, as well as disruption from the Iran war, as two reasons for the slashed guidance.
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Ineos and Damler Truck enlist in auto defense push as Europe bolsters military spending
The partnership is one of a spate of auto-defense collaborations announced in recent weeks.
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