Mishaps at Cruise, Transitions at Vroom, and Tesla’s Dojo Supercomputer Headquarters
What went wrong at Cruise, a pivot at Vroom and a home for Tesla’s Dojo supercomputerTechCrunch Mobility is a weekly newsletter dedicated to all things transportation Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox.
Autonomous vehicle and EV startups — even those that have since gone public — are trying to cut costs in hopes of extending their capital runway.
Now, a few little birds are telling us that Canoo and Faraday Future — both EV startups that went public via mergers with special purpose acquisition companies — are either reducing salaries or furloughing employees.
So what went wrong at Cruise?
Cruise also revealed that the Department of Justice and the Securities and Exchange Commission have also opened investigations into the company.
