uber Uber Stock Plunges 18.8% Below IPO Price in Rough Second Trading Day Uber closes its second day of public trading at $37.25, a significant drop from its $45 IPO price. CEO Dara Khosrowshahi urges employees to focus on the long-term despite the ongoing market struggles.
uber Uber Debuts on NYSE With Disappointing Opening Below IPO Price Uber begins public trading on the New York Stock Exchange at $42 per share, which falls below its $45 IPO price. Despite a lower-than-expected valuation, the ride-hailing giant still ranks among the most valuable tech listings in history.
uber Uber's Stock Market Debut Falls Short of Lofty Expectations Uber opens below its IPO price and closes down 7.6 percent on its first day of public trading. Despite the disappointing debut, the ride-hailing giant secures billions in new capital.
lyft Lyft Posts Massive $1.14 Billion Loss in First Public Earnings Report Ride-hailing giant Lyft reveals a $1.14 billion first-quarter loss driven largely by IPO-related stock compensation, despite beating revenue expectations. The company projects continued heavy losses as it prioritizes long-term growth over near-term profitability.
faa Alphabet's Wing Earns First FAA Air Carrier Certification for Drone Deliveries Wing becomes the first drone delivery company to receive an FAA Air Carrier Certification, paving the way for commercial operations in the United States. The company plans to launch its initial delivery trials in Virginia later this year.
anthony levandowski Anthony Levandowski Discusses Autonomous Driving Future in New Pronto.AI Interview Former Google engineer Anthony Levandowski sits down with TechCrunch to discuss autonomous vehicles and his latest venture, Pronto.ai. The interview explores his return to the startup world following his central role in the high-profile Uber and Waymo legal dispute.
electric vehicles U.S. Electric Vehicle Registrations Double Driven by ZEV States New electric vehicle registrations in the U.S. double compared to the previous year, reaching 208,000 units. California and other Zero Emission Vehicle states lead this rapid market expansion.
flying taxis Study Finds Flying Taxis Beat Gas Cars in Efficiency on Long Trips University of Michigan researchers reveal that electric flying taxis consume less energy than gas cars on trips over 62 miles, though they still trail behind ground-based electric vehicles.
tesla Tesla Rolls Out Enhanced Summon Feature to Navigate US Parking Lots Tesla introduces Enhanced Summon in the US, allowing cars to drive to their owners through parking lots via the mobile app. The feature requires specific Autopilot packages and keeps the vehicle within 150 feet of the user.
tesla Tesla Reveals Model Y Electric SUV With Fall 2020 Launch Tesla officially unveils the Model Y, a mid-sized electric SUV that closely resembles the Model 3 but offers more space and a panoramic roof. The vehicle is set to hit the market in fall 2020 with prices ranging from $39,000 to $60,000.
uber Prosecutors Clear Uber of Criminal Liability in Fatal Arizona Self-Driving Crash Yavapai County prosecutors determine Uber holds no criminal responsibility for the 2018 autonomous vehicle crash that killed a pedestrian in Tempe, Arizona. The case now shifts focus to the backup driver, who reportedly was streaming video on her phone during the incident.
nauto Nauto Absorbs Defunct AI Safety Startup Newton Technologies Nauto brings on the team from the now-shuttered Newton Technologies to boost its driver safety and behavior analytics efforts.
amazon Amazon Leads $700 Million Investment in Electric Truck Maker Rivian Amazon leads a massive $700 million funding round for Rivian, the startup behind an all-electric pickup truck and SUV. The company plans to remain independent as it prepares for customer deliveries in late 2020.
autonomous vehicles Autonomous Vehicles Force a Radical Rethink of Intellectual Property Laws The rise of self-driving cars highlights major technical limitations and exposes urgent gaps in current intellectual property frameworks. New legal protections are necessary as artificial intelligence reshapes modern transportation.
tesla Tesla Plans Feature to Automatically Dispatch Tow Trucks for Broken Cars Tesla aims to improve its slow service times by developing a feature that automatically calls for a tow truck when a car detects a mechanical issue. The company is also overhauling its inefficient spare parts distribution system.