Autonomous Driving

Uber Technologies, Inc. (NYSE:UBER) and General Motors Company's(NYSE:GM) Cruise announced on Thursday a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform. The Details: The companies plan to launch the partnership next year with a dedicated number of Chevy...

China-based autonomous driving startup WeRide said on Friday that it is looking to raise up to $440 million in a U.S. initial public offering and subsequent private placement. What Happened: WeRide is looking to raise up to $119.4 million in the IPO by offering 6.452 million American depositary...

In a major boost to the autonomous vehicle industry, Waabi, an autonomous trucking startup, has raised $200 million in a Series B funding round. The round saw significant investments from tech giant Nvidia (NASDAQ:NVDA), ride-hailing service provider Uber (NYSE:UBER), and automobile manufacturer...

Uber Technologies, Inc. (NYSE:UBER) is Altimeter CEO Brad Gerstner‘s stock pick on the latest edition of CNBC's “Halftime Report Final Trades.” Autonomous driving, Gerstner says, is a tailwind, not a headwind for the car service company. A U.S. appeals court on Monday rejected a...

Emails from Nvidia Corp (NASDAQ:NVDA) staff indicate that Tesla Inc (NASDAQ:TSLA) CEO Elon Musk redirected 12,000 H100 GPUs initially allocated for the car company to X, his social media company. The move reportedly pushes back Tesla’s supercomputer development. What Happened: Musk...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Friday drew a parallel between video streaming platform Netflix doubling down on streaming over DVD renting in 2011 to the EV maker doubling efforts on vehicle autonomy. What Happened: In 2011, Netflix attempted to split its DVD rental business from its...

Tesla Inc‘s (NASDAQ:TSLA) full self-driving, or FSD, technology “is not yet an eyes-off/unsupervised product,” according to Goldman Sachs analyst Mark Delaney. The Elon Musk-led company recently partnered with Beijing-based Baidu Inc. (NASDAQ:BIDU) as part of an initiative that is...

Detroit-based automaker General Motors (NYSE:GM) on Tuesday detailed its plans for the relaunch of its autonomous driving unit Cruise, months after it paused operations owing to the involvement of one of its robotaxis in an accident in San Francisco. What Happened: “We’re very excited...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday reiterated his conviction that vehicle autonomy will be the key driver of the company. What Happened: Dedicating to autonomous driving is a “blindly obvious move” for Tesla, the CEO said in a post on X. “Not quite betting the...

RBC Capital Markets analyst Tom Narayan remains optimistic about EV giant Tesla Inc (NASDAQ:TSLA) in the long term despite the stock’s poor performance over the past year. Analyst Take: Narayan believes that Tesla is currently between two waves, with the...

General Motors Co (NYSE:GM) is reportedly discontinuing its Ultra Cruise system, a successor to its Super Cruise system, to refocus on the older generation of its driver assistance system. What Happened: GM has plans to put a stop to its Ultra Cruise program, CNBC reported,...

General Motors Co (NYSE:GM) has lodged a lawsuit against the city of San Francisco, seeking a refund of $121 million for overpaid taxes and penalties. What Happened: GM alleges it was charged higher tax by factoring in its autonomous vehicle subsidiary, Cruise, into the tax assessments, Reuters...

General Motors Co‘s (NYSE:GM) autonomous vehicle subsidiary Cruise is eyeing re-launching in a city weeks after the company paused its operations across the U.S. What Happened: "Once we have taken steps to improve our safety culture and rebuild trust, our strategy is to re-launch in one city and...

SoftBank Group Corp – ADR (OTC:SFTBY) known for its tech industry stakes, recently invested in an autonomous trucking startup, Stack AV. The startup, led by founders formerly associated with the self-driving unit of Ford Motor Company (NYSE:F) and Volkswagen AG (OTC:VWAGY), reportedly secured...

As automakers and tech companies chase the holy grail of autonomous driving, an analyst said two companies will likely reap a windfall from the potential implementation and adoption. What Happened: Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) are the two companies that...