Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Teslaβs shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the companyβs market cap past the $1 trillion mark. The share spike is largely related to [β¦]
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Rivian reported Thursday revenue of $874 million in the third quarter β more than 12% lower than analystsβ estimates β as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles.Β Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles [β¦]
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Welcome back to TechCrunch Mobility β your central hub for news and insights on the future of transportation. Sign up here for free β just click TechCrunch Mobility! Weβre just two days past the election, and there is already a ton of speculation about what another Trump presidency will mean for transportation and tech β [β¦]
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Amazon-owned AV company Zoox will start rolling out dozens of its purpose-built autonomous vehicle in San Francisco and in Las Vegas in the coming weeks, co-founder and CTO Jesse Levinson announced on the TechCrunch Disrupt 2024 stage. Levinson said that Zoox will start offering rides β starting with employees β in the SoMa neighborhood of [β¦]
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