Latest from Sean O'Kane
Look, we’ve all been there. You’re on a road trip and you pull off the highway for some food or fuel. And then Google Maps starts (rudely) yelling at you…
As failed EV startup Fisker winds its way through bankruptcy, a persistent and tricky question has become a flashpoint of the proceedings: does its only secured lender, Heights Capital Management,…
Autonomous vehicle software startup Applied Intuition has closed a $300 million secondary sale just four months after raising a $250 million Series E round, yet another sign of how white-hot…
Transportation
Elon Musk sets new date for Tesla robotaxi reveal, calls everything beyond autonomy ‘noise’
Elon Musk says he will show off Tesla’s purpose-built “robotaxi” prototype during an event October 10, after scrapping a previous plan to reveal it August 8. Musk said Tesla will…
Monarch Tractor was in a tricky spot late last year as the autonomous electric tractor startup juggled growth and an uncertain fundraising environment. Now, with $133 million in new funds,…
Biden centering Musk in his campaign is a notable escalation, considering he spent most of his presidency seemingly pretending the billionaire didn’t exist.
Fisker has been given the green light by a bankruptcy judge to sell more than 3,000 of its Ocean SUVs to a vehicle leasing company, a deal that will net…
One major dissenter threatens to upend Fisker’s apparent best chance at offloading its unsold EVs, a deal that would keep the startup’s bankruptcy proceeding alive and pave the way for…
Tesla had internally planned to build the dedicated robotaxi and the $25,000 car, often referred to as the Model 2, on the same platform.
Fisker Inc. co-founders Henrik Fisker and his wife, Geeta Gupta-Fisker, are lowering their salaries to $1 in order to keep their failed EV startup’s bankruptcy proceedings funded, as lawyers work…
These efforts have come as Lucid is looking to start building its Gravity SUV by the end of this year.
Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale.…
VW Group’s struggling software arm Cariad has hired at least 23 of the startup’s top employees over the past several months.
Volkswagen Group will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion. It’s a boon…
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets…
Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.…
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was…
Fisker Group Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that included…
Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate Tesla in Texas, moving…
Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and…
It’s all part of an effort to say that, this time, when the shareholders vote to approve his monster $56 billion compensation package, they were fully informed.
Transportation
Ahead of Tesla’s big shareholder vote, let’s re-read the judge’s opinion that got us here
There has been a silly amount of drama in the run-up to Tesla‘s annual shareholder meeting on Thursday. The company is set to hold a vote on “re-ratifying” the $56…
Transportation
Ford’s secretive, low-cost EV team is growing with talent from Rivian, Tesla and Apple
A TechCrunch review of LinkedIn data found that Ford has built this team up to around 300 employees over the last year.
Fisker is issuing the first recall for its all-electric Ocean SUV because of problems with the warning lights, according to new information published by the National Highway Traffic Safety Administration…
Rivian needs to sell its new revamped vehicles at a profit in order to sustain itself long enough to get to the cheaper mass market R2 SUV on the road.
Featured Article
After raising $100M, AI fintech LoanSnap is being sued, fined, evicted
The company has been sued by at least seven creditors, including Wells Fargo.
Featured Article
Inside EV startup Fisker’s collapse: how the company crumbled under its founders’ whims
Update: Fisker has since filed for bankruptcy, after last-ditch efforts to rescue the company failed. An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible grand tourer EV with up to 600 miles of range. A “fully connected mobility device” for young urban innovators to be…
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers…
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…
The top vehicle safety regulator in the U.S. has launched a formal probe into an April crash involving the all-electric VinFast VF8 SUV that claimed the lives of a family…
