SAN FRANCISCO/BENGALURU Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO. | Video
Tesla Inc will raise up to $2.3 billion (1.7 billion pounds) in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines. | Video
May 2 Tesla Inc will raise up to $2.3
billion in new capital, renouncing what Elon Musk called a
"Spartan diet" and easing Wall Street concerns about the
money-losing company's ability to overcome a drop in sales and
build new product lines.
Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.
SAN FRANCISCO Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.
SAN FRANCISCO Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines. | Video
SAN FRANCISCO, April 22 Tesla Inc
broadcast a web presentation on Monday to update investors about
its self-driving strategy as Chief Executive Elon Musk tries to
show that the electric car maker's massive investment in the
sector will pay off.