Tesla’s six-month stock price runup helped the company eclipse Toyota as the world’s most valuable transportation company. Reported orders for 650,000 CyberTruck pickups match 2018 and 2019 deliveries of all Tesla electric-powered models.
A few years ago, seeing a Tesla drive past you on your commute was a rarity. Today, you may pass a few and think nothing of it. But this is […]
Nikola won’t have its battery-electric Badger pickup for sale until sometime in 2022, but it’s following rival Tesla in building buzz by taking matchable $5,000 deposits ahead of announcing a manufacturing partner.
Tesla has submitted an application in Austin, Texas, for $68 million in tax incentives to build a proposed 5 million-square-foot manufacturing plant.
The vehicle, adding to an increasingly crowded space, is reportedly an attempt to upstage Tesla
The big two automakers plan to produce more than 5 million SUVs and pickup trucks in 2026, but only plan on making 320,000 electric vehicles the same year.
By providing leases that include hydrogen and maintenance for its fuel cell electric trucks for seven years, Nikola projects it will generate $3 billion in revenue by 2024.
After a long history of bears pulling down its stock price, Tesla is now witnessing an astonishing surge in its market value. Since the start of this year, Tesla’s stocks […]
Autonomous electric shuttles hit Columbus; global auto market might slowdown over coronavirus; Nikola Motor to produce trucks in Germany
Some think Elon Musk can increase sales 40-fold over the next 10 years
The electric vehicle company expects more than half a million deliveries in 2020.
Truck manufacturers claim improved aerodynamics could save a driver up to 400 gallons of fuel a year.
WEF projects 36% growth in last-mile delivery vehicles by 2030; Tesla vehicle registrations in California halves in Q4 ’19; Bendix signs on Geotab as telematics partner.
Tesla’s truck may not comply with Euro standards. Consultant takes issue with Morgan Stanley’s Amazon firecast
Tesla is an automaker that makes electric vehicles. So how did it land the No. 7 spot on the FreightWaves’ FreightTech 25 list, which highlights the most innovative and disruptive […]
The mayor of Ciudad Valles, Mexico, recently ordered 15 of the new all-electric Cybertrucks manufactured by Tesla Inc. Mayor Adrián Esper Cárdenas said the Cybertrucks will be used for police […]
Cummins Inc. is winding down its centennial anniversary as the trucking industry it serves also slows. But the company has a history of emerging stronger from downturns.
U.S. senator also wants Tesla autopilot feature improved or shut down.
HyperloopTT does feasibility study on Chicago-Pittsburgh route; Nikola develops the most energy-dense battery; Virgin Atlantic is opening new routes in summer 2020.
Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.
In a recent auto awards function in Germany, Elon Musk outlined Tesla’s plans of setting up its fourth Gigafactory in Berlin.
General Motors Co. confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a battery-powered electric pickup truck focused on fleet customers.
India gains $755 million in U.S. exports in H1 2019; OPEC braces for drastic drop in oil demand; Tesla is charging ahead in the electric car space.
DOT safety group seeks comment on replacing rearview mirrors with cameras.
Electric vehicle firm boosts battery capabilities with the purchase of Toronto-area company specializing in high-volume manufacturing.
Deepscale’s focus on computer vision to give cars “sight” is different from light detection and ranging (LIDAR).
Amazon’s EV order a shot at Tesla; India advances national logistics policy.
Tesla takes a page from Amazon in new logistics strategy for delivering vehicles. Union group uses customer as leverage to bash XPO
Federal agency finds company’s “Autopilot” technology played a role in 2018 accident.
Convoy says a study of its data shows that carriers in its network are safer than industry averages and have fewer cargo claims than the average carrier.
Plus: Automakers, flouting President Trump, agree to California emissions standards.
On this LIVE backhaul edition of What the Truck?!?, market expert Kevin Hill hosts with Dooner as they break down earnings, e-commerce and all the latest headlines, including news about […]
Despite falling short, the electric automaker reaffirmed its full-year delivery guidance, saying it still expects to deliver 360,000 to 400,000 vehicles in 2019.
Plus: UK zero waste grocer raises $500K; Seattle cuts back on Lime and Jump; Oregon opens hemp innovation center
Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, CNBC is reporting. The departure is a feather in the cap […]
Uber is venturing into the financial services market for its drivers; oil prices jump after tankers come under attack; Saudi’s Aramco all set to publish its H1 ’19 earnings.
Tesla (NASDAQ: TSLA) is simply not investing enough cash back into its business in the form of capital expenditures to construct the production lines and build out the service infrastructure […]
China has developed a new lithium mining process that is significantly cost effective; Lyft and Uber shares slide in the stock market; Amazon encourages employees to quit and start their delivery services.
Tesla to raise $2 billion for increasing cash flow; Amazon has launched in Arabic in the Middle East; oil prices to remain high through the year.
Tesla (NASDAQ: TSLA) badly missed analysts’ earnings estimates for the first quarter of 2019. The company reported an adjusted loss per share of $2.90, much worse than analysts’ estimated loss per share of $0.69.
Elon Musk has stated that Tesla would be launching fully autonomous cars by the end of this year, and that he expects to see one million autonomous Tesla cars on the road by 2020.
D.C. to Baltimore in 15 minutes could help advance hyperloop technology for cargo.
Utilities aim to meet ambitious goals of reducing emissions across western U.S., but technology and financing remain big hurdles.
This year will see Volvo and Daimler put electric Class 8 trucks to test, as start-ups still have few commercially available models.
Hundreds of truck drivers across the Midwest volunteered their time to deliver hay bails to farmers affected by flooding in the MIdwest.
The hack pulls back the curtain on “bug bounty” hunters, security researchers who troubleshoot software systems for money.
Ohio raises diesel and gasoline taxes; YRC’s rank and file get their hands on a new collective bargaining agreement; Uber’s IPO approaches; warehouse automation growing rapidly; Vietnam’s logistics growing 14-16% CAGR.
“It’s an elegant, beautiful, simple solution for storing energy, so much better than batteries. You break down water; you put it back together.”
Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has joined a blockchain pilot program.
FreightWaves Radio launched its second national show on Saturday, March 2 on SiriusXM’s Road Dog Channel 146.
The SEC says that Elon Musk violated his settlement agreement by issuing material, forward-looking statements about Tesla without having them pre-approved by an internal process.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.
An intersection in New Jersey has been deemed the worst for truck bottlenecks, plus Nikola Motor may be adding a purely electric truck; GM and Tesla are working together, and FedEx Express signs on to a new cargo terminal.
Tesla’s acquisition Maxwell Technologies could have an impact on Maxwell’s fleet business, which counts more than 7,000 trucks using its products.
New York City’s shared mobility transit for city officials; electric cars have trouble running during extreme cold; Amazon is hauling cargo in self-driving trucks.
How close are human drivers to interacting with autonomous vehicles on the roads? That is the answer a panel at the North American International Auto Show in Detroit tried to solve on Wednesday.
Proposed bill would exempt electric scooters from requiring brake lights and turn signals; oil prices drop 1 percent over U.S.-China trade talks; CES2019 is showcasing the future of transportation.
Hundreds of manufacturing firms in China seek to take advantage of the vast national investment directed at renewable energy and battery storage technology. This motivates China to capitalize on metal resources necessary for launching the electric vehicle industry.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
With the ongoing, high-profile negative news surrounding Tesla, there is still interest in the company’s electric semi. Albertsons Companies, which operates well-known food and drug retailers across the country, has purchased 10 Tesla Semi all-electric trucks.
We would be hard pressed to find a more colorful and controversial company than Tesla, making it as high as number 3 on our Freight.Tech list.
Drayage to be test bed as OTR market remains out of EV reach.
Tesla’s best quarter ever is a huge deal: a rich mix of high end Model 3s and lower capex helped. We still don’t think TSLA shares are rationally priced.
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing AV products to market safely and at scale.
The SEC announced that they have settled their lawsuit with the embattled Tesla CEO. Regardless of the outcome, shareholders win.
Livestock businesses are looking to secure farms from future hurricane calamities; Elon Musk is accused of fraud by the SEC; global trade expected to grow irrespective of the tariffs war.
It’s happening: the SEC has charged Elon Musk with issuing materially false and misleading statements intended to manipulate the price of Tesla stock.
The challengers have the enormous advantages of brand identity and manufacturing infrastructure.
The North Carolina Department of Transportation says not to travel in or to the state; Walmart grabs a 200K square foot foothold in NYC; the IMF says British economy will contract if no deal on Brexit; Freightos raises $45M; global seaborne coal trade grows 4%; Tesla’s having a hard time delivering cars.
Recreational drug use and a new wave of executive departures sent Tesla equity and debt tumbling. Meanwhile, a class action lawsuit filed by short sellers alleges that Musk artificially manipulated Tesla stock by issuing false and misleading information.
Transpacific container rates continue to gain momentum; UPS files blockchain patent applications; Uber is uncertain about self-driving cars; Elon Musk doubles-down on ‘no sleep’; cautious optimism for US-China trade talks lifts equities markets; container lines expect profits in the back half of 2018.
Musk’s Twitter habit has gotten him into serious trouble—he’s either manipulating TSLA stock on false information or given up all his leverage in a Saudi buyout negotiation.
Elon Musk said that Saudi Arabia wants to buy Tesla; The New York Times wakes up to the driver pay issue; Amazon touts its private label brands ahead of the holiday season; lidar maker Quanergy appears to be struggling; Chicago’s mysterious surge in turndowns.
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
There are strategic reasons for the Saudi Arabian Public Investment Fund to consider a Tesla acquisition: the Saudis have the least diversified economy of any OPEC member and are perfectly positioned to supply solar power to Europe and the Indian subcontinent.
Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.
Procter & Gamble prices to increase; The end of Uber’s self-driving truck program; Unilever takes a hit from Brazil truck strike; Gap innovates distribution following a 2016 warehouse fire, and more in Today’s Pickup.
The success of electric vehicles lies in the cost efficiency and scalability of its batteries. The supply of lithium and cobalt over the next decade would end up defining the extent of that success.
The summer slump continues; Steve Eisman explains why he’s shorting Tesla; Walmart discovers that last mile delivery is hard; once-exported U.S. cherries find domestic customers; oil trade routes are threatened by geopolitical risk.
Small carriers enjoy 30% better retention rates than megas; container lines raise rates worldwide; truckload carriers try to capitalize on a historically favorable freight environment; Tesla begs its suppliers for cash back; LNG production is accelerating.
Tesla stocks fell by about 2.5% today after a Needham analyst raised concerns on the increased cancellations of Model 3 cars over different reasons like long waiting times, unavailability of base model and the expiration of the $7,500 credit.
Autonomous vehicle execs want you to know self-driving cars are very, very safe; China’s economic growth slows; Elon Musk talks about Tesla’s push to 5,000 Model 3s weekly; American oil bound for China needs to find new markets; DHL orders 14 Boeing 777s.
Tesla wants to build a huge China plant to avoid tariffs; dry bulk carriers find favorable rate environment as countries re-source commodities; Honeywell adds an executive to reconfigure its supply chains; container rates from China to the North America spike as maritime lines take advantage of trade war fears.
Hyliion has taken steps to help secure its pipeline of technology with the acquisition of Gentherm’s battery division and strategic partnerships with Toshiba and Dana Corp. as it seeks to further its hybrid-electric technology.
Tesla (NASDAQ: TSLA) delivered on its promise to produce 5,000 Model 3 vehicles in a single seven-day span by the end of the second quarter over the weekend
Freight markets still hot to close Q2; COSCO/OOCL merger approved by US, China; Tesla hits Model 3 production goal; CSX revives plan for intermodal hub in North Carolina; EU threatens retaliation over auto tariffs.
Tesla is facing a cash crunch, an executive exodus, and negative headlines about flammable batteries all at once.
According to at least one analyst, Tesla may be putting its ambitious Semi project on hold as it tries to solve its many other issues, including Model 3 production.
Tesla’s stock fell by over 8% during the last day due to Elon Musk refusing to answer profitability related questions posed by investors during the Q1 post-earnings call.
Tesla was a conspicuous absence at a massive exhibition showing off electric cars, trucks, commercial vehicles, and energy technology, but the industry is moving forward with or without Elon Musk.
Nikola Motor has sued Tesla for patent infringement on its Nikola One, at left. The Tesla model is at right. Nikola claims Tesla violated patents on door placement, wraparound windshield and the fuselage.
TMW CEO Wangler dies; a complete guide to Tesla’s borrowing & spending; inflation, consumer spending rise; the UAE’s Hyperloop; lost trucker wanders through Oregon forest for 4 days, lives to tell the tale.
Irrespective of who wins the race to deploy the first fully autonomous vehicles, the unanimous view was that in the future, size is going to matter and carriers/OEMs will need balance sheets to be able to survive.
Tesla has shut down Model 3 production again, with Elon Musk admitting he made a mistake over-automating Tesla’s factory. The media has also begun scrutinizing Tesla’s problematic safety record.
Transport stocks excluding bulk maritime carriers largely unaffected by tariffs; Port of LA getting new container terminal; Boeing and Ford threatened by Chinese tariffs; new autonomous shipping joint venture announced; commercial driving schools see low enrollment; a guide to Tesla’s guidance.
Several states say online retailers should have to collect sales tax, even in states where the companies don’t have a physical presence.
Burning vehicles and rival automaker are certainly problems, but with Tesla the song remains the same: how to fund it.
Used truck prices strengthen; trailer orders go crazy; Arizona suspends Uber self-driving; Canadian National trades at 52-week lows; aftermath of Harvey still affects Houston tanker traffic; Philadelphia freight market is heating up.
Long-haul trucking is the most challenging duty cycle for a battery-electric vehicle to perform, given the long distances required at freeway speeds with a heavy payload in tow.
