Inside | Real news, curated by real humans
Inside Automotive

Inside Automotive (Sep 12th, 2018)

Thank you to Kelly Klee for making today's issue of Inside Automotive possible! Kelly Klee offers specialized insurance options for those who have Teslas and other high-end vehicles. Be sure to check them out! 

1. Nio has cut the target for its upcoming NYSE listing. The Chinese EV maker hoped to raise $1.8 billion through its IPO. However, it has trimmed that target and instead will aim to raise up to $1.5 billion, as the company revealed it plans to sell 184 million shares between $6.25 and $8.25. The range is subject to change and does not include income from the “green shoe option,” which allows underwriters to take additional shares. Possible reasons for the target cut include the trade war, which was the reason for Volvo’s decision to scale back its IPO plans, or company finances. Nio has lost $503 million this year to date. — TECHCRUNCH

  • Email gray
  • Permalink gray

2. The City of Los Angeles is pushing for an expansion of zero-emission transportation. Others partnering on the effort are the County of Los Angeles, electric provider Southern California Edison, universities like the University of Southern California and California State University Northridge, and automakers including BMW and Tesla. The goal would be to increase the number of electric vehicles and buses in the city by the time it has to host the 2028 Olympics. The agencies will have a more detailed plan by mid-2019, but will plan to push for as much as 45 percent of private passenger vehicles becoming electric within the decade and as much as 50 percent of delivery vehicles. — FAST COMPANY

  • Email gray
  • Permalink gray

Ordinary insurance is NOT the right choice for Teslas or other high-end cars.

Most people don't think much about their insurance, until they need to use it. They also don't know that there are special car and home insurance packages available only to financially successful people. The difference can save you weeks or months of hassle, even in a minor claim. Upgrade now

3. A Tesla owner on Reddit reviewed the automaker’s new in-house body shop. Redditor ekobres noted he had a panel alignment issue on his Model 3. Tesla gave him the option to have the service done at the company’s new body shop. “Today my Model 3 was courteously picked up, repaired, and delivered back to me completely fixed within 9 hours. Wow,” he wrote. He also noted Tesla’s responsiveness and customer service when using the body shop. Another Redditor, LockWatts, said, “My experience wasn't quite as exceptional as yours, but it was still a positive one.” — REDDIT

  • Email gray
  • Permalink gray

4. Uber is being sued in federal court for flouting a ruling by the California Supreme Court. Earlier this year, the court made it more difficult for companies in the state to classify workers as independent contractors. The plaintiff, Diva Limousine, operates a professional transportation service network in Los Angeles and New York. Diva claims that Uber is avoiding paying out about $9.07 in expenses and benefits that the company would need to pay out if drivers were treated as employees. The plaintiff says Uber uses “illegal” labor savings to price rides below their true cost, allowing it to take business and market share away from competitors that do compensate drivers as employees. In all, the lawsuit says Uber has saved about $500 million by not complying with the ruling. — BLOOMBERG

  • Email gray
  • Permalink gray

5. Apple’s self-driving fleet has grown by 27 percent in roughly four months. The company now has about 70 permits in California to test autonomous vehicles, according to records from the California Department of Motor Vehicles. At the beginning of the year, Apple only had about 27 permits and grew to 55 in May. GM’s Cruise Automation unit has around 175 permits to test vehicles in the state and Waymo has approximately 88, making Apple’s fleet the third-largest. Last month, a self-driving vehicle operated by Apple was involved in an accident. — TECHCRUNCH

  • Email gray
  • Permalink gray

6. Tesla says it can gather over one billion miles of data per year. This was found by user strangecosmos on the Autonomous Vehicles forum within Tesla Motors Club. She found the information on a blog post on Worm Capital and said: “I sent them a message asking if Tesla elaborated on how much data is actually uploaded, and what kind of data is uploaded (e.g. camera vs. GPS). If Tesla is going to be uploading 1 billion miles’ worth of driving videos per year, that is truly momentous from a computer vision perspective.” — TESLA MOTORS CLUB

  • Email gray
  • Permalink gray

7. Lyft claims it is completely carbon neutral. The company purchases carbon offset credits to neutralize emissions from rides taken with Lyft. — FAST COMPANY 

8. SpaceX president and COO defended Elon Musk. “Elon is a brilliant man,” she said at a satellite industry conference in Paris. “He is as lucid and capable as he has ever been. I wish people would not focus on triviality.” Musk serves as the CEO and CTO of the company.  — BLOOMBERG

9. The maker of the AK-47 is entering the electric car business. Kalashnikov, which develops the weapon, unveiled an EV concept called the “Army 2018.” — CNN

10. American automakers are losing share in China. U.S. automaker problems are mostly tied to a lack of competitiveness rather than the trade war. — AUTO NEWS

  • Email gray
  • Permalink gray

This newsletter was written and curated by Johan Moreno. Johan is based out of Los Angeles, CA and has covered technology and automotive extensively for a variety of publications, including The Orange County Register. Follow him on Twitter @dudejohan

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

  • Email gray
  • Permalink gray

Subscribe to Inside Automotive

MORE NEWSLETTERS

A hand-picked selection of products, deals, and ways to save money.

Inside Deals

A hand-picked selection of products, deals, and ways to save money.

TWICE WEEKLY
A hand-picked selection of products, deals, and ways to save money.

Inside Deals

TWICE WEEKLY

SUBSCRIBED!

Share via

News, updates, reviews and analysis of industry and consumer trends in the world of streaming

Inside Streaming

News, updates, reviews and analysis of industry and consumer trends in the world of streaming

WEEKLY
News, updates, reviews and analysis of industry and consumer trends in the world of streaming

Inside Streaming

WEEKLY

SUBSCRIBED!

Share via

News, people, culture, events and the trends shaping the Bay area

Inside San Francisco

News, people, culture, events and the trends shaping the Bay area

DAILY
News, people, culture, events and the trends shaping the Bay area

Inside San Francisco

DAILY

SUBSCRIBED!

Share via

Essays and musings from Inside.com founder Jason Calacanis

The Jason Calacanis Newsletter

Essays and musings from Inside.com founder Jason Calacanis

WEEKLY
Essays and musings from Inside.com founder Jason Calacanis

The Jason Calacanis Newsletter

WEEKLY

SUBSCRIBED!

Share via