Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action.
Aurora employed about 1,800 workers as of the end of 2023, according to the company.
Aurora is also working with automotive supplier Continental on a more than $300 million project to mass produce autonomous vehicle hardware for commercial self-driving trucks.
Developing autonomous vehicle technology that is safe enough for public roads has proven to be an expensive endeavor that has led to numerous startups shutting down or being acquired.
Kodiak Robotics, which is privately held; Torc Robotics; and Sweden’s Einride are also working on self-driving trucks.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs.
Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains bullish on the growth of its energy storage business.
Storage deployments were up 125% year-over-year, even with a slower fourth quarter.
Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action.
Aurora employed about 1,800 workers as of the end of 2023, according to the company.
Aurora is also working with automotive supplier Continental on a more than $300 million project to mass produce autonomous vehicle hardware for commercial self-driving trucks.
Developing autonomous vehicle technology that is safe enough for public roads has proven to be an expensive endeavor that has led to numerous startups shutting down or being acquired.
Kodiak Robotics, which is privately held; Torc Robotics; and Sweden’s Einride are also working on self-driving trucks.
Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains very bullish on the growth of its energy storage business.
Storage deployments were up 125% year-over-year, even with a slower fourth quarter.
Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action.
Aurora employed about 1,800 workers as of the end of 2023, according to the company.
Aurora is also working with automotive supplier Continental on a more than $300 million project to mass produce autonomous vehicle hardware for commercial self-driving trucks.
Developing autonomous vehicle technology that is safe enough for public roads has proven to be an expensive endeavor that has led to numerous startups shutting down or being acquired.
Kodiak Robotics, which is privately held; Torc Robotics; and Sweden’s Einride are also working on self-driving trucks.
Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs.
Analysts had expected the company to earn around $25.62B billion in revenue in the fourth quarter of 2023, according to Yahoo Finance data.
Muscle mass tends to decline as you get older, impacting your walking and increasing the risk of falls.
“Using the wearable robot EX1, older adults can effectively perform simple exercises such as walking and fitness, thereby improving their quality of life,” says research lead, Professor Wan-hee Lee.
“Our findings provide a solid foundation for developing various types of improved and advanced wearable robots,” Lee.
“This will further expand the global wearable robot market, promoting further research and commercialization.”It’s not certain when or if the Samsung EX1 might actually hit the market.
Even so, anticipate assistive wearable robotics becoming a lot more prevalent over the next decade.
Vroom hits the brakes on its online used car business to go full throttle on auto financing and AIVroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics.
The company said it is suspending all used car transactions through vroom.com and plans to sell off its used vehicle inventory to wholesalers.
Vroom was part of a wave of U.S. startups that launched about a decade ago all aiming to disrupt used car sales and the traditional dealership model.
The drop in valuation continued into 2022, pushing Vroom shares to under $2.
Vroom shares closed at $0.53 on Monday and then dropped to $0.25 after the company announced its plans to shutter the e-commerce business.
Agriculture has a long heritage of being constantly disrupted by technology, an evolution that has continued to play out until today.
Bluewhite will also be using the funding to continue expanding in its current markets, and to break ground in new ones.
“Labor, labor, labor: it is the biggest need,” he said in an interview.
Tractors fitted with Bluewhite’s robots can still be operated by humans in situations where they might still need to be.
Bluewhite cites forecasts from researchers that project a market worth $11.5 billion for autonomous tractors by 2030.
This week, read about Amazon, EV startup Fisker, electric boats, a bunch of new funding deals and my time driving the all-new Kia EV9.
Remember Lordstown Motors, the EV startup that went public via a SPAC and has since filed for bankruptcy protection?
Steve Burns, who founded and was then ousted from Lordstown Motors, is back with a new EV startup called LandX Motors.
Northvolt, the Swedish battery startup, secured a $5 billion debt deal to help pay for the expansion of its first gigafactory.
The Kia EV9 comes in five trims with the cheapest — the rear-wheel drive EV9 Light — starting at $54,900.
