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Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.

Eric Walz2019-01-28 11:32 PT

Another Top Executive Departs Tesla, Joining Dozens of Others Who Left the Automaker in 2018

Another Top Executive Departs Tesla, Joining Dozens of Others Who Left the Automaker in 2018

​Another key executive at electric automaker Tesla is stepping down, according to people with familiar with the matter. It’s another setback for Tesla’s CEO Elon Musk since tweeting on August 7 about taking the company private.

FutureCar Staff 2018-09-21 18:31 PT

Baidu Working on China’s Future Self-Driving Cars From Silicon Valley

Baidu Working on China’s Future Self-Driving Cars From Silicon Valley

Baidu, China's leading Internet search company, is set to announce the first vehicle manufacturing partners for its self-driving software in Beijing, the result of work that is happening 6,000 miles away in Silicon Valley, where other Chinese companies are busy developing and funding software and hardware to power internet-connected, autonomous vehicles.

Eric Walz2017-06-30 13:25 PT

Lucid displays its 217 mph Air Alpha Speed Car at the New York Auto Show

Lucid displays its 217 mph Air Alpha Speed Car at the New York Auto Show

Lucid Motors displays two versions of its new Air sedan, incuding a 217 mph version, at the New York Auto Show

Eric Walz2017-04-21 17:05 PT