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Morgan Stanley Ends Research Coverage of Tesla as the Automaker Mulls Going Private

Morgan Stanley Ends Research Coverage of Tesla as the Automaker Mulls Going Private

As Tesla CEO Elon Musk explores taking his electric car company private, one of the top Wall Street investment firms is recusing itself from researching Tesla’s financial health.

Eric WalzAug 21, 2018 5:38 PM PT    

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Uber made is easy for anyone with the company’s app to summon a ride on-demand, making it possible to forgo personal car ownership in many cities. A relatively new startup called Getaround, expands transportation options even further, with it peer-to-peer vehicle sharing service that let people rent their cars to strangers. The company secured significant new funding to expand its services to additional U.S. cities.

Eric WalzAug 21, 2018 12:18 PM PT       

WaveSense Launches World’s First Ground Penetrating Radar for Self-Driving Cars

WaveSense Launches World’s First Ground Penetrating Radar for Self-Driving Cars

Sometimes to see where your’re going you need to look down, in this case below the road surface. WaveSense Inc. has announced the commercialization of a new technology that significantly improves autonomous vehicle navigation by keeping self-driving vehicles precisely in-lane, utilizing data from ground-penetrating radar (GPR).

Eric WalzAug 20, 2018 4:49 PM PT    

Saudi Arabia Public Investment Fund in Talks to Invest $1 Billion in Tesla Rival Lucid Motors

Saudi Arabia Public Investment Fund in Talks to Invest $1 Billion in Tesla Rival Lucid Motors

According to a Reuters report, the Saudi Arabia sovereign wealth fund is in talks to invest in luxury electric car startup Lucid Motors, people familiar with the matter said on Sunday. Sources told Reuters that the PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain a majority ownership.

Eric WalzAug 20, 2018 12:13 PM PT      

Electric Vehicle Boom Could Spell Demise for Japan’s Leading Industry

Electric Vehicle Boom Could Spell Demise for Japan’s Leading Industry

The move from gasoline-and diesel-powered cars will be good for the environment, but it could cripple Japan and many other countries’ automotive industries.

Vineeth Joel PatelAug 20, 2018 8:30 AM PT     

How to Book a Porsche Taycan in the United States

How to Book a Porsche Taycan in the United States

German sports car manufacturer Porsche recently revealed the specifications for its upcoming electric vehicle. The booking for the upcoming EV is now open across the globe.

Manish KharintaAug 20, 2018 6:00 AM PT

Sacramento Hopes a $44 Million Plan Will Help it Become an EV Leader

Sacramento Hopes a $44 Million Plan Will Help it Become an EV Leader

The $44 million plan will see Green City add electric buses, shared electric vehicles, chargers, and other pieces of infrastructure, as Electrify America looks to turn the city into the electric-vehicle capital of America.

Vineeth Joel PatelAug 20, 2018 6:00 AM PT    

Ford’s Plan For Moving Everything Under One Roof is to Draw Investors

Ford’s Plan For Moving Everything Under One Roof is to Draw Investors

While Ford was late to enter the autonomous-car race, the American automaker has steadfastly been working on revealing it’s a major player by moving everything into one roof. Apparently, the move worked as investors are chomping at the bits to invest.

Vineeth Joel PatelAug 19, 2018 5:00 PM PT     

British Startup FiveAI Will Start Trials of Autonomous Vehicles in London in 2019

British Startup FiveAI Will Start Trials of Autonomous Vehicles in London in 2019

After raising $35 million during a Series A funding round last year, startup FiveAI is now looking to test a fleet of autonomous cars in London next year.

Vineeth Joel PatelAug 19, 2018 12:00 PM PT      

Insurance Institute Says Driver Assistance Systems Have Safety Concerns

Insurance Institute Says Driver Assistance Systems Have Safety Concerns

A study by the Insurance Institute for Highway Safety (IIHS) finds level 2 driver assistance technologies aren’t as safe as claimed.

Mia BevacquaAug 19, 2018 10:00 AM PT

Ford's New AV Subsidiary Offers Opportunities for Investors

Ford's New AV Subsidiary Offers Opportunities for Investors

Ford’s new autonomous-vehicle arm is beneficial for investors, helping such individuals avoid exposure to long-term restructuring programs and decreasing stock performance.

Michael ChengAug 18, 2018 2:00 PM PT

Base Trim of Tesla Model 3 Will Get a Dual Motor AWD Option

Base Trim of Tesla Model 3 Will Get a Dual Motor AWD Option

The base model of the Tesla Model 3 will get a price tag of $35, 000 and an option to upgrade to a dual motor setup. The company has confirmed that an all-wheel-drive upgrade option will be offered for the base trim of Model 3.

Manish KharintaAug 18, 2018 2:00 PM PT

China Quickly Taking Control of Cobalt as it Looks to Advance EV Industry

China Quickly Taking Control of Cobalt as it Looks to Advance EV Industry

With only a limited amount of cobalt globally, China is looking to take command control of cobalt mines to ensure the country has a strong foothold on expanding its electric-vehicle industry.

Vineeth Joel PatelAug 18, 2018 6:00 AM PT    

Tesla Shares Sink as CEO Elon Musk Gives Revealing New York Times Interview

Tesla Shares Sink as CEO Elon Musk Gives Revealing New York Times Interview

​In an emotional interview with the New York Times, Tesla CEO Elon Musk opened up about his difficult and stressful year he’s had trying to ramp up production of the Model 3, while simultaneously trying to control the company’s massive cash bleed. On Friday, the electric car maker’s stock fell to its lowest levels in five months.

FutureCar Staff Aug 17, 2018 3:58 PM PT    

Amazon Provides Open Access to Alexa Software Development Kit for Cars

Amazon Provides Open Access to Alexa Software Development Kit for Cars

Amazon has made public an Alexa software development kit (SDK) geared explicitly towards automotive infotainment systems. With the release, the e-commerce company hopes to spur further implementation of the voice assistant technology.

Mia BevacquaAug 17, 2018 12:37 PM PT

GM’s Embedded In-Dash Fuel Payment Service Goes Live at Shell Gas Stations

GM’s Embedded In-Dash Fuel Payment Service Goes Live at Shell Gas Stations

GM has begun the automotive industry's first-ever embedded, in-dash fuel payment and loyalty experience with Shell gas stations. Customers refueling their eligible Chevrolet, Buick, GMC and Cadillac vehicles at Shell stations, will be able to use the Shell Pay & Save app available from the GM Marketplace to pay for their fuel directly from their vehicles' infotainment screen.

Eric WalzAug 17, 2018 11:44 AM PT      

More Startups Need to Join the Autonomous Car Race, States Fortune

More Startups Need to Join the Autonomous Car Race, States Fortune

Startups will push traditional automakers and technology companies to be better, create more advanced systems, and push themselves to meet tougher timelines.

Vineeth Joel PatelAug 17, 2018 6:00 AM PT     

Wipro Forges Partnership with Genesys to Boost Autonomous Vehicle Projects

Wipro Forges Partnership with Genesys to Boost Autonomous Vehicle Projects

The two businesses revealed their partnership intentions through a signed Memorandum of Understanding (MoU) earlier this month.

Michael ChengAug 16, 2018 4:00 PM PT

Largest U.S. Grocery Chain Begins Autonomous Delivery Service in Arizona

Largest U.S. Grocery Chain Begins Autonomous Delivery Service in Arizona

Kroger, the largest grocery chain in the U.S. will start delivering groceries in autonomous driving Toyota Prius cars starting Thursday at a Fry’s Food Stores location it owns in Scottsdale.

FutureCar Staff Aug 16, 2018 3:56 PM PT     

Tesla Well Within Reach of Building 8,000 Model 3’s Per Week

Tesla Well Within Reach of Building 8,000 Model 3’s Per Week

​Although Tesla is burning through cash at an alarming rate, it appears that the company has finally overcome what is called ‘production bottlenecks’ that were hampering production of its first mass-market electric car, the Model 3.

Eric WalzAug 16, 2018 11:23 AM PT   

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