The board’s statement comes as the Tesla CEO appears to be maneuvering to ditch or renegotiate his offer. Musk said last week that the deal was “on hold” until he gets more information.
Hyundai and Kia plan to invest $16.5 billion to boost EV production in South Korea, including building a new factory that would ultimately have the capacity to produce around 150,000 cars a year.
Argo AI introduces non-commercial driverless vehicles
Self-driving startup Argo AI said it had launched driverless vehicles in Miami and Austin for in-house testing, with commercial applications following later.
U.S. traffic fatalities surge 10.5% in 2021 to highest count since 2005
Traffic deaths surged after coronavirus lockdowns ended in 2020 as more drivers engaged in unsafe behavior like speeding and driving under the influence of drugs or alcohol.