As Elon Musk celebrated Tesla shareholders overwhelmingly approving his multibillion-dollar compensation package on Thursday, he unveiled a wild prediction for his company: Eventually, Tesla will be worth $30 trillion. Where did Cool Ranch Doritos come from? For context, Tesla’s market cap was about $571 billion as of Friday. The most valuable companies in the world …
Cruise has ceased driverless car operations nationwide. After a very public incident involving a pedestrian, San Francisco officials and California state regulators banned the company from operations in the city, just months after approving an expansion of service. After it was discovered that the company left out key details regarding the incident involving one of …
Image: Cadilliac The transition to electric vehicles is supposed to be a matter of when not if. However, automakers are starting to seem a little hesitant about what resources they should pour into EV production. Manufacturers have had supply issues building electric vehicles as well as trouble actually selling the ones they have made. Now, …
Photo: Justin Sullivan / Staff (Getty Images) The California Department of Motor Vehicles has banned General Motors’ Cruise robotaxis from operating in San Francisco. The suspension goes into effect immediately and only applies to Cruise vehicles that don’t include a human driver. Self-driving prototypes with a monitor behind the wheel will still be allowed to …
The public’s trust in self-driving cars has declined for the second year in a row, according to a study conducted by J.D. Power and MIT. The growing distrust applies to self-driving cars in general, including autonomous vehicles used by ride-hailing services, as well as autonomous driving systems such as Tesla’s “Autopilot,” which belies its limited …
A Cruise autonomous vehicle (AV) was reportedly involved in a horrific accident in San Francisco on Monday evening. A pedestrian crossing a street was hit by a car, which sped off. However, the hit-and-run hurled her in front of a Cruise driverless taxi, which stopped on top of her leg as she screamed in pain. …
In 2020, Uber halted its efforts in developing self-driving cars. However, the company has recently indicated its ongoing interest in exploring autonomous technology for its services. This week, Serve Robotics announced its plans to expand its partnership with Uber Eats by deploying 2,000 delivery robots in various locations across the U.S. and Canada. This news …