Ford’s new electric truck, ‘Fathom,’ starts at $28,350
Due in “fall 2027,” Ford said Thursday that it won’t reveal what Fathom looks like until early next year.
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Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas
After months of speculation, the companies formally announced the massive project will happen just north of Houston.
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Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it
Ford’s CEO has described the new Ford Fathom as a “Model T moment” for the company. But the EV pickup is unlikely to live up to lofty expectations, and maybe it doesn’t have to.
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Fundraising | Startups | TC | Transportation
Defense tech Hadrian raises $1.37B at $8B valuation
Hadrian is building automated factories to mass-produce parts for defense vehicles like submarines. It’s backed by a long list of well-known investors.
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Uber and WeRide ramp up robotaxi operations in Dubai
Uber and WeRide have launched robotaxi operations without a human safety operator in Dubai as part of a broader expansion in the Middle East.
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Robotaxi companies refuse to say how often their AVs need remote help
Aurora, May Mobility, Motional, Nuro, Tesla, Waymo, and Zoox all refused to cough up a number during Senator Ed Markey’s recent investigation.
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Toyota’s Woven Capital appoints new CIO and COO in push for finding the ‘future of mobility’
Woven Capital is the growth-stage venture capital arm of Toyota, focused on backing founders building in space, cybersecurity, and autonomous driving.
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Lucid Motors recalls over 4,000 Gravity SUVs citing improperly welded seat belts
The company struggled with quality issues when Gravity production started last year, and the new recall shows it’s not out of the woods yet.
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‘System failure’ paralyzes Baidu robotaxis in China
Passengers in Baidu’s robotaxis were trapped for up to two hours.
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Tesla’s cheaper vehicles aren’t helping its declining sales
The company’s deliveries in the first quarter were just 6% higher than last year, and Tesla now faces a third straight year of falling sales.
