Tesla has burned through $4.2 billion over the past 12 months, spending cash at a rate of about $8,000 a minute as it struggles to ramp up production of its Model 3 sedan, reports Bloomberg, citing its own data. At that rate, the news outlet estimates Tesla will deplete its current cash reserves by Aug. Read More
Categories : Business, Car Shipping, news, Technology
Apple is beginning to show the world that it’s undertaking real, competitive research for its secretive autonomous car project. The company is working on a new approach to make self-driving cars understand where other cars, cyclists, and pedestrians are located nearby, by reading data from a LiDAR sensor, according to Read More
Categories : Business, Car Shipping, news, Technology
If your relatives insist on having the traditional turkey dinner, skip the cheesy deep-fryer and don’t bother trying to be cute by wrapping bird parts around your puny road car’s exhaust. What you need is a jet truck. This is the 12,000-horsepower Flash Fire jet truck. As you can see, it rules. Read More
Categories : Business, Car Shipping, news
Volvo will provide Uber with thousands of self-driving vehicles between 2019 and 2021, the automaker announced today. The two companies have worked together to develop the XC90 crossovers that will join Uber’s fleet. Uber will add its own self-driving technologies to the vehicles that will have already been set up to Read More
Categories : Business, news