autonomous vehicles

Billionaire hedge fund manager Bill Ackman posted his investment thesis for Hertz Global Holdings, Inc. (NYSE:HTZ) on Thursday, one day after disclosing his fund, Pershing Square, had built a sizable stake in the car rental company.  The Details: Ackman confirmed a previous CNBC report that...

We might see Uber Technologies Inc. (NYSE:UBER) riding the next wave of the autonomous revolution with a revolutionary tie-up between General Motors Co. (NYSE:GM) and Nvidia Corp. (NASDAQ:NVDA). With GM leveraging Nvidia’s AI brawn to create autonomous driving technology, Uber stands to gain...

Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang announced Tuesday a partnership with General Motors Company (NYSE:GM) for its self-driving segment. "The time for autonomous vehicles has arrived,” Huang said at the GPU Technology Conference (GTC). GM will build next-generation vehicles on...

An electric vehicle and autonomous vehicle analyst sees the ramp-up and near-term deployments as the key catalysts for the sectors. What Happened: Goldman Sachs analyst Mark Delaney met with several companies in the sectors and shares takeaways in a new investor note, with robotaxis one of the key...

Waymo is now serving over 200,000 paid trips in its robotaxis each week, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai said on Thursday. What Happened: “Exciting new Waymo milestone: Waymo One is now serving 200k+ paid trips each week across LA, Phoenix and SF – that's...

EV giant Tesla Inc‘s (NASDAQ:TSLA) dedicated robotaxi offering- the Cycercab- will not have stainless steel panels and neither will it be painted, according to senior company executive Lars Moravy. What Happened: Moravy, in an interview with Ryan McCaffrey recorded on Feb.13 and...

New trademarks filed by Tesla Inc (NASDAQ:TSLA) could indicate what the company has planned for a 20-person vehicle it showed off in October. What Happened: Benzinga previously reported that Tesla filed a trademark for Robobus for the large vehicle that was being referenced as Robovan. New...

President Donald Trump has nominated Jonathan Morrison to be administrator of the U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) responsible for overseeing safety probes into multiple automakers including Tesla Inc (NASDAQ:TSLA). What Happened: The nomination was...

EV giant Tesla Inc. (NASDAQ:TSLA) is attempting different measures to prevent the cutting of its supercharger cables at locations across the U.S. by introducing dye bombs and carvings on the cable. What Happened: One of the measures used by the company to reduce vandalism and theft involves blue...

Autonomous vehicles will be a transformational addition to the ride-hailing marketplace, according to Lyft (NASDAQ:LYFT) CEO David Risher. What Happened: “The more AVs, the more rideshare market expands, and the better Lyft does,” Risher said during the company’s fourth-quarter...

Ride-hailing company Lyft Inc (NASDAQ:LYFT) could highlight more progress on autonomous vehicles when the company reports fourth-quarter financial results after market close Tuesday. Earnings Estimates: Analysts expect Lyft to report fourth-quarter revenue of $1.56 billion. That’s up from $1....

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk said on Monday that the EV maker is “still on track” to launch autonomous ride-hailing in Austin, Texas in June. What Happened: Musk envisions deploying the company’s Model Y and Model 3 vehicles equipped with the company’s full self-...

Former Tesla Inc. (NASDAQ:TSLA) executive Jorge Milburn said on Monday that no autonomous ride providers will be able to compete with the EV giant on cost once it starts deploying autonomous vehicles for ride-hail. What Happened: “If Tesla follows a saturation strategy in each market they...

General Motors Co. (NYSE:GM) said on Tuesday that it will integrate the technology of Cruise into its Super Cruise assisted driving system now that it has fully acquired the latter. What Happened: GM will work on autonomous vehicle technology and advanced driver assistance systems for personal...

The Future Fund Managing Partner Gary Black sees Uber Technologies (NYSE:UBER) continuing to be the largest ride-hailing player globally in the future if it offers autonomous rides as well. What Happened: Black said in a post on social media platform X that he expects Uber will offer autonomous...