Driverless Chevy Bolts are a common sight on the streets of San Francisco, where Cruise is based. (credit: Cruise) Microsoft has invested in Cruise, the General Motors driverless car unit, in a $2 billion funding round that gives the autonomous driving company a $30 billion valuation. Cruise, which was bought by GM for “more than […]
Enlarge / Fisker now has a market cap of $4.1 billion thanks to a SPAC reverse merger in 2020. It says that the Ocean SUV will be the most sustainable vehicle ever sold. (credit: Fisker) With technology disrupting the automotive industry, investors have raced to secure exposure to potential winners—whether battery makers, manufacturers of other […]
Enlarge / GM CEO Mary Barra. (credit: Drew Angerer/Getty Images) Nikola stock rose 15 percent on Wednesday after confused investors apparently mistook a month-old GM website for a brand-new announcement about the companies’ pending agreement. The stock is up another 7 percent as I write this on Thursday morning. Shortly before 10am ET on Wednesday, […]
Expand / celebrity was analyzing its self-driving automobiles, with security motorists, at San Francisco for approximately five decades. (charge: Andrej Sokolow | Getty Images) Last week, Waymo, the self-driving-vehicle programmer possessed by Alphabet, enlarged a first-of-its-kind service that provides rides on paying passengers about Phoenix–with nobody behind the wheel. Videos shared with Waymo along with […]
Expand / / {} of this Nikola Badger. (charge: Aurich Lawson / / Nikola Motor Corporation) Nikola CEO Mark Russell downplayed the Corporation’s Badger pickup truck remarks to this Financial Times on Thursday. “The Badger has been an intriguing and exciting endeavor to a investors, however, our institutional investors are largely concentrated on the company […]
Expand / The Nikola Badger. (charge: Aurich Lawson / / Nikola Motor Corporation) After Nikola and GM announced a venture on September 8, GM stated it expected the deal to close by September 30. Currently September 30 has came, along with the deal has not closed. Media reports imply the deal is not likely to […]
Expand / Nikola chairman Trevor Milton unveils the Nikola Only truck at December 2016. (charge: Nikola) Trevor Milton, creator of electrical truck startup Nikola, resigned his occupation as executive chairman of the business on Sunday–effective immediately. Nikola’s stock dropped after the information and is now trading at about $28 a share, and it can be down […]
Expand / Mary Barra, CEO of General Motors, at 2019. (charge: Patrick T. Fallon/Bloomberg through Getty Images) GM CEO Mary Barra on Monday indicated that the business is standing with its own deal to make Nikola’s Badger pickup truck. “The organization has worked with plenty of different partners and we are a really competent team […]