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EV maker Faraday Future"s co-founder Nick Sampson steps down: Verge

Chinese electric vehicle developer Faraday Future's co-founder Nick Sampson has resigned, tech news website Verge reported on Tuesday, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs......»»

Category: topSource: reutersOct 30th, 2018

Faraday Future raises $2 billion to keep dreams of a Tesla rivalry alive

Faraday Future, the Los Angeles electric car company that hopes to rival Tesla Inc., has confirmed a $2 billion round of equity funding. The money will come in three tranches from Evergrande Health, a Hong Kong-listed investment holding company, throu.....»»

Category: topSource: bizjournalsJun 26th, 2018

Harley Pins Hopes to Electric Bike - ThomasNet News

ThomasNet NewsHarley Pins Hopes to Electric BikeThomasNet NewsThe last couple of years .....»»

Category: topSource: googlenewsNov 13th, 2018

Ailing EV maker Faraday Future co-founder Nick Sampson quits

Faraday Future co-founder Nick Sampson has quit his executive post at the Chinese electric vehicle developer, the latest blow to the troubled company that said it was experiencing "extraordinary financial hardship.".....»»

Category: topSource: reutersOct 31st, 2018

Furloughs, executive departures hit struggling Faraday Future

Faraday Future, the luxury electric-car maker .....»»

Category: topSource: latimesOct 30th, 2018

Founder resigns, employees furloughed at ‘effectively insolvent’ Faraday Future

Faraday Future is taking some drastic measures to stay in business after a falling out with its major investor. One of the founders of the electric automaker has resigned and some workers have been placed on unpaid leave, reported The Verge, which.....»»

Category: topSource: bizjournalsOct 30th, 2018

Electric scooter company Bird registers to do business in Hawaii

Hawaii may see another flock of electric scooters hit the streets, this time from California-based startup Bird Rides Inc. The Santa Monica-based company, which first debuted its dock-free scooters two years ago, registered for a Hawaii business lice.....»»

Category: topSource: bizjournalsOct 16th, 2018

Snap stock hits all-time low on fears it could run out of cash

The social media company, struggling with user growth and costs that won't drop, hopes to turn a profit next year.....»»

Category: topSource: moneycentralOct 9th, 2018

Kaplan: Oil market in rough equilibrium but could move to "under-supply situation" in next 3-5 years

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchOct 9th, 2018

Faraday Future"s launch is jeopardized by dispute with big investor

Faraday Future, a luxury electric-car start-.....»»

Category: topSource: latimesOct 8th, 2018

Faraday Future Is Out of Cash Again and Investors Aren’t Happy

Some suppliers haven't been paid in weeks. Faraday Fu.....»»

Category: europeSource: fortuneOct 8th, 2018

Andy Serkis says Magic Leap has gone from a Frankenstein-like contraption to the future of storytelling

REUTERS Actor Andy Serkis has been working with multi-billion dollar startup Magic Leap for years and is now creating characters for its augmented-reality headset,.....»»

Category: topSource: businessinsiderOct 4th, 2018

Key Words: How one $19-million lottery winner went from Bentleys to bank robberies

According to the National Endowment for Financial Education, about 70% of those who receive a sudden cash windfall are destined to lose it within a few years. There’s no percentage figure for how many of them turn into bank robbers, however......»»

Category: topSource: marketwatchOct 1st, 2018

This 28-person startup took a big first step towards launching a nationwide flying taxi service by 2022

G F Williams Flying vehicle startup Vertical Aerospace has conducted the first test flight of its electric vertical take off and landing aircraft. The firm hopes to provide inter-city flights to up to two passengers within f.....»»

Category: topSource: businessinsiderSep 10th, 2018

Inside the plans to build a battery-based manufacturer on Buffalo"s East Side

An East Side startup wants to turn the former American Axle factory on Delavan Avenue into a place where lithium ion battery cells and electric motors are produced......»»

Category: topSource: bizjournalsAug 30th, 2018

Tesla gives investors hope of profitability

Tesla said it would build up to 55,000 Model 3s in the current quarter at a positive gross margin, buoying hopes that the electric vehicle maker will meet its goal of profitability and positive cash flow in 2018. Jane Lanhee Lee reports......»»

Category: videoSource: reutersAug 2nd, 2018

Shares of Elon Musk's Tesla could sink 30 percent in next 12 months, UBS analyst says

Tesla shares could be in for a rough ride, a UBS analyst says. The problem: the electric-car maker won't turn a profit again next year, the Wall Street firm says.  .....»»

Category: topSource: usatodayJul 30th, 2018

Building near downtown arena to be rehabbed for future restaurant

After a few years of courting buyers for an 1888 brick and timber building north of the Milwaukee Bucks new arena, Jeffrey Koenig is moving ahead with a renovation project now, and hopes to find a restaurant operator to move in later. Koenig said the t.....»»

Category: topSource: bizjournalsJul 23rd, 2018

Tesla asks suppliers for cash back to help turn a profit

Tesla has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period......»»

Category: topSource: moneycentralJul 23rd, 2018

Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period......»»

Category: smallbizSource: wsjJul 22nd, 2018