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A lawsuit led by a Detroit pension fund accuses Uber management and its board of putting profits ahead of compliance and safety, decisions that have exposed the company and its shareholders to risk. The lawsuit, which was filed Monday in the U.S. District Court for the Northern District of California in San Francisco, alleges that…
A fatal weekend crash in which a Tesla plowed through a brick home in Katy, Texas, killing a 76-year-old woman, set off alarms about the company’s driver assistance technology. By Monday afternoon, Tesla was fighting back against the framing. The crash occurred Friday night when a Tesla Model 3 driven by Michael Butler left the…
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Today is Juneteenth, a U.S. federal holiday marking the end of slavery in the United States. About 10 years ago, there…
Rivian has been sued over allegations that the EV maker made false claims about the autonomous driving capabilities of its R1T truck and R1S SUV models. The class-action complaint, which was filed Wednesday in the U.S. District Court for the Central District of California, focuses on the first-generation models of the R1T and R1S and…
Go’s IPO — Japan’s biggest so far this year — has done more than provide a much-needed boost to the country’s languishing listing season. It has also supplied the taxi-hailing app with the capital required to address an existential issue: Japan’s shortage of drivers. Go, which went public Tuesday, plans to use the ¥88.6 billion…
Mobileye has pitched itself as an autonomous vehicle technology supplier. Now it wants the operator label, too. The Intel subsidiary and publicly traded company said Tuesday it plans to launch a robotaxi service in a U.S. city in 2027, marking an expansion beyond its supplier strategy. Mobileye didn’t name the U.S. city. However, the Israeli-based…
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and, of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed…
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I won’t spend too much time rehashing the SpaceX IPO — every media outlet, including TechCrunch,…
Elon Musk is now the world’s first trillionaire after SpaceX’s public markets debut on Friday, according to Bloomberg News. The SpaceX founder and CEO owned roughly $860 billion worth of the rocket company’s stock after it was priced at $135 per share just ahead of the IPO. Combined with his stake in Tesla, and the…
All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX. We’re talking about Tesla, which has a current market cap of about $1.52 trillion….