Transportation
Nikola stock jumps as EV truck maker reports start to production and surprise Q1 revenue
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range […]
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FAA to increase Florida air traffic controllers, work with airlines to avoid more flight disruptions in state
American Airline planes sit on the tarmac at Miami International Airport (MIA) in Miami, Florida, on February 2, 2022. Daniel Slim | AFP | Getty Images The Federal Aviation Administration said Wednesday that it will “immediately” increase staffing at a major air traffic control center in Florida to handle airlines’ surging numbers of flights to […]
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A slate of EV automakers report earnings this week and will try to prove they can turn hype into production
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Investors holding beaten-up electric vehicle stocks are bracing for first-quarter […]
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An original Uber, Lyft competitor still trying to build a new rideshare model
Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. After a […]
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Lyft’s John Zimmer on earnings: Q2 is an opportunity to kick start growth
John Zimmer, president and co-founder of Lyft, joins CNBC’s ‘Squawk Box’ to break down the ride-hailing company’s latest quarterly earnings report, which sent shares of the company lower in premarket trading. Source
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Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses compared to recent months. […]
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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Rocket Lab CEO touts successful helicopter catch of rocket as key toward reusable goals
The Electron booster comes into view of the company’s helicopter for the catch. Rocket Lab Rocket Lab CEO Peter Beck heralded the company’s first attempt on Monday to catch its Electron rocket booster using a helicopter after launch as “phenomenal,” telling CNBC that the test “achieved 99%” of the company’s goals toward reusing rockets. “Yesterday […]
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NASA chief says competition is making space exploration cheaper, in dramatic shift on contracts
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA The head of the National Aeronautics and Space Administration on Tuesday discussed a dramatic shift in how the agency plans to issue contracts for its space exploration programs, citing success with cost-saving competitive bids. NASA administrator Bill Nelson, testifying before a Senate […]
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Southwest to offer free Wi-Fi on some flights as it tests service upgrades
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines will temporarily offer travelers free Wi-Fi on certain flights starting this week, part of a test to bring faster internet to more customers. The carrier has outfitted 40 of its Boeing 737s with upgraded hardware for its Wi-Fi service, according to a memo to employees sent […]
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