There are now 30 companies testing 202 self-driving cars on California’s public roads, following a decision by the California Department of Motor Vehicles to license Apple Inc. to begin testing 3 self-driving sport utility vehicles (SUVs).
Tesla Motors stock tanked by 15 percent Tuesday night after the company announced a $2.8 billion deal to buy SolarCity — a deal that will give Elon Musk and his relatives another $700 million in Tesla stock.
Tesla Motors Inc. caused a sensation by picking up $300 million in Model 3 customer deposit cash in just 96 hours this week. The hidden story: that money may have rescued Tesla from a precarious negative working capital crisis. Tesla now has the opportunity to become a profitable car company for the first time.
Tesla’s just-released annual 10-K for 2015 acknowledges that sales in China tanked by 33 percent, and the market value for environmental credits has plunged by 49 percent, since last year.
Contents: 2015 – A breakthrough year for Artificial Intelligence; The debate about preventing the Singularity; Artificial Intelligence and Climate Change; Proof that the Singularity will occur by 2030
The startup’s name is Faraday Future, and it has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars. Four states are contenders and the company says to expect an announcement within weeks.
