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Tag : Transportation

iSpace becomes the first private Chinese company to launch satellites to orbit

With as successful launch from the Gobi desert blasting off at around 1:10 PM Beijing time (1:10 AM ET), Chinese space launch startup iSpace (which, awesomely, is also called ‘StarCraft Glory Space Technology Co.’) became the first private Chinese commercial…

0 Comments / 6 View / July 25, 2019

Tesla reports larger-than-expected losses of $408 million in second quarter

Tesla reported Wednesday a wider-than-expected loss of $408 million, or $2.31 per share, and generated $6.3 billion in revenue in the second quarter despite record deliveries of its electric vehicles. Earlier this month, Tesla reported it delivered 95,200 of its…

0 Comments / 4 View / July 25, 2019

Uber loses Arianna Huffington and Benchmark’s Matt Cohler as board members

Uber has lost two of its board members today. Arianna Huffington, CEO at Thrive Global, and Benchmark General Partner Matt Cohler‘s resignations from the board went into effect today, according to two Uber filings with the SEC. “Given Thrive’s growth,…

0 Comments / 3 View / July 25, 2019

Tesla focuses on service with 25 new service centers in Q2, rate of new openings to ‘increase’

Tesla is set to aggressively ramp up the rate at which it opens new service facilities, according to CEO Elon Musk’s guidance on the company’s Q2 2019 earnings call. In total, Tesla opened 25 new service centers during the quarter,…

0 Comments / 3 View / July 25, 2019

SpaceX untethered StarHopper ‘hop’ test flight aborted after engines briefly flare

SpaceX encountered a snag in an attempted test key to the development of its next-generation Starship spacecraft. Specifically, the StarHopper sub scale demonstration and testing craft it’s using to work on the Starthip’s propulsion system fails to undertake its first…

0 Comments / 5 View / July 25, 2019

Tesla ‘on track’ to begin Model 3 production at China factory by end of year

Tesla said Wednesday that Model 3 production is on track to begin at its Shanghai factory by the end of the year — a critical milestone for the automaker if it hopes to continue to increase sales and avoid the…

0 Comments / 5 View / July 24, 2019

Tesla has begun preparations for Model Y production at its Fremont factory

Tesla has already started the preparations required to get production started on its forthcoming Model Y compact all-electric SUV, according to Tesla CEO Elon Musk . Musk noted that prep had started at its facility in Fremont during his introductory…

0 Comments / 2 View / July 24, 2019

Postmates’ self-driving delivery rover will see with Ouster’s lidar

Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding. Postmates unveiled the…

0 Comments / 3 View / July 24, 2019

Lyft poaches Bird’s head of vehicle product

Shared electric bike and scooter services are constantly at war with each other — whether it’s battling for an operating permit in a highly-coveted market, raising a massive round of funding or making a key hire. Today, the war continues…

0 Comments / 5 View / July 24, 2019

Peer-to-peer parking marketplace Rover tests monthly subscriptions

In today’s instalment of ‘the future is 100% subscription-based,’ Toronto-based startup Rover is testing out subscriptions for its parking marketplace. Rover lets users list their unused parking spots for on-demand rental by others on the service, giving them a passive…

0 Comments / 3 View / July 24, 2019