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FreightWaves Staff Wednesday, October 21, 2020

For Tesla, yet another profitable quarter

Tesla (NASDAQ:TSLA) reported third-quarter revenue of $8.77 billion, a year-over-year increase of 39%. The total from the company came in higher than estimates of $8.26 billion. Automotive revenue was $7.6 billion. “This was achieved mainly through substantial growth in vehicle deliveries as well as growth in other parts of the business,” the company said in […]

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Aurora Innovation to acquire lidar company

Aurora Innovation plans to buy Montana-based Blackmore, a company that develops light detection and ranging radar (lidar) technology for self-driving vehicles. The acquisition comes several months after Aurora’s $530 million Series B funding round, which was led by Sequoia Capital and “significant investment” from Amazon and T. Rowe Price Associates. Aurora did not disclose the […]

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