rivian Rivian Raises Expected IPO Price Ahead of Highly Anticipated Market Debut Electric vehicle startup Rivian sets its IPO guidance above the initial target range, signaling strong investor demand. The adjusted pricing positions the company for a massive valuation as it enters the public market.
rivian Rivian Targets $60 Billion Valuation in Massive $8.4 Billion IPO Amazon-backed electric vehicle maker Rivian aims to raise up to $8.4 billion through an initial public offering on the Nasdaq exchange. The highly anticipated public debut puts the company's potential valuation as high as $60 billion.
amazon Amazon Reveals 20% Stake in Rivian Ahead of Major EV IPO Amazon officially discloses a 20% ownership stake in electric vehicle maker Rivian, valued at $3.8 billion. The tight relationship highlights both a major financial boon and a significant business risk for the upcoming IPO.
tesla Tesla's Massive Hertz Order Shifts the Electric Vehicle Landscape Hertz purchases 100,000 Tesla vehicles for $4.2 billion, marking the largest electric vehicle rental fleet deal to date. The agreement gives Tesla a unique advantage as traditional automakers struggle with inventory shortages.
tesla Hertz Orders 100,000 Teslas in $4 Billion Electric Fleet Push Hertz orders 100,000 Tesla vehicles worth $4 billion to build the largest electric rental fleet in North America. The massive purchase pushes Tesla's market cap past $1 trillion and signals a major shift for the recently reorganized rental company.
hertz Hertz Orders 100,000 Teslas to Transform Rental Fleet Hertz orders 100,000 Tesla vehicles to create the largest electric vehicle rental fleet in the United States. This massive purchase signals a major shift in the car rental industry toward sustainable transportation.
xpeng XPeng Unveils City Driving Tech and Flying Car at 2021 Tech Day XPeng showcases its Xpilot 3.5 advanced driver assistance system for city streets alongside a new flying car and robotic unicorn.
xpeng XPeng Unveils City Driving Tech, Flying Cars, and Kid Robots at 2021 Tech Day XPeng showcases a range of new mobility technologies at its 2021 Tech Day, including a city-ready driver assistance system and a next-generation flying car. The Chinese EV startup aims to build a comprehensive mobility ecosystem that extends far beyond traditional electric vehicles.
rivian Rivian Stock Surpasses $100 on Strong First Day of Public Trading Electric vehicle maker Rivian closes its inaugural trading day at $100.73 per share after opening at $78. The company also announces plans to direct millions of shares toward climate initiatives.
tesla Tesla Expands FSD Beta 10.3 Rollout to Drivers with 99 Safety Score Tesla officially releases Full Self-Driving Beta 10.3 to vehicles with a Safety Score of 99 and above. The update introduces customizable driving profiles and significant improvements to object detection and maneuvering.
tesla Tesla Restores FSD Beta 10.3.1 After Weekend Rollback Over Bugs Tesla deploys Full Self-Driving Beta 10.3.1 to testers after quickly pulling version 10.3 due to unexpected software issues. CEO Elon Musk notes that such fluctuations are a normal part of the public beta testing process.
tesla Tesla's Full Self-Driving V10 Shows Incremental Progress, Fails to Impress Tesla's latest Full Self-Driving Beta v10 update delivers better environmental detection but falls short of CEO Elon Musk's lofty expectations. The system still requires constant driver supervision and makes questionable decisions on the road.
tesla Tesla Delivers Mind-Blowing Full Self-Driving Beta V10 to Early Access Fleet Tesla releases its highly anticipated Full Self-Driving Beta V10 to a select group of early access testers. The update promises significantly improved decision-making and visualizations ahead of a planned wider rollout later this month.
tesla NHTSA Investigates Tesla Autopilot and Full Self-Driving Crash History Federal regulators examine seven years of safety concerns surrounding Tesla's semi-autonomous driving systems. The ongoing investigation results in multiple high-profile recalls affecting hundreds of thousands of vehicles.
tesla NHTSA Scrutiny of Tesla Autopilot and Self-Driving Leads to Major Recalls Federal regulators investigate Tesla's Level 2 semi-autonomous driving systems after years of safety concerns and crash reports. A timeline reveals how ongoing scrutiny results in massive recalls affecting hundreds of thousands of vehicles.