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Okay, okay — bear in mind final week once I urged Tesla was being a bit additional in its bid to persuade shareholders to vote in favor of relocating the corporate to Texas and to approve CEO Elon Musk’s $56 billion pay deal?
I used to be mistaken, y’all. Or extra precisely put, I used to be untimely in my declaration. As a result of this week Tesla took it to a complete new stage by dangling the prospect to win a manufacturing unit tour with Elon and chief designer Franz von Holzhausen. That’s proper, we’ve obtained a sweepstakes-for-votes scheme happening. Shareholders who vote might win a tour of the Tesla manufacturing unit in Austin and an invite to the June 13 annual assembly.
What’s going to they provide up subsequent? Dinner with Elon? A Cybertruck? The stakes are excessive and the June 13 annual shareholder assembly is approaching — two components that promise to bake up some entertaining developments.
Earlier than we leap into the information, only a heads-up that I might be handing the wheel over to reporter Rebecca Bellan subsequent week as I head off for some idle time.
Tomorrow is your final day to avoid wasting as much as $800 on Disrupt passes. Ebook your early-bird go right now!
Slightly fowl
So many little birds got here to us — and posted on social media — a couple of new spherical of layoffs at struggling EV startup Fisker. Based mostly on our accounting, tons of of staff have been laid off.
Fisker has been in a tailspin for months and has made a number of rounds of layoffs. This newest lower is getting near the bone. The corporate employed about 1,135 staff as of April 19. Sources inform us that after layoffs in late April and this new, deeper lower, solely about 150 individuals stay on the firm.
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Offers!
Only a good old style roundup of offers this week. Right here’s the place the cash is headed.
Orca AI, a London-based startup that claims to have powered the world’s first autonomous business ship voyage in congested waters, has raised $23 million in a spherical led by OCV Companions and MizMaa Ventures.
Redwood Supplies inked a deal to recycle EV battery manufacturing scrap for Ultium Cells, the joint battery manufacturing enterprise between GM and LG Vitality Resolution.
Relectrify, an Australian startup creating an inverter-free battery, raised $17 million in a spherical led by One Ventures. Toyota Ventures, the Australian Clear Vitality Finance Corp., Vitality Innovation Capital, GS Futures, Artistic Ventures, and NOAB Ventures additionally participated.
Zypp Electrical, the Indian EV fleet startup, raised $15 million as a part of a Collection C spherical that its founder initiatives will finally be between $35 million and $40 million when it closes this summer season. Japanese oil and power conglomerate Eneos led the funding.
Notable reads and different tidbits
Autonomous autos
The U.S. Nationwide Freeway Site visitors Security Administration has added 9 extra incidents to its investigation into Waymo’s autonomous automobile software program.
Electrical autos, charging & batteries
Cylib has a compelling pitch for automakers that its founders say will give the Germany-based battery recycling startup an edge over larger rivals.
Lucid Motors introduced it was shedding about 400 staff, or roughly 6% of its workforce, as a part of a restructuring forward of the launch of its first electrical SUV later this 12 months. The layoffs come slightly greater than a 12 months because it lower 1,300 jobs.
A reader reached out greater than a month in the past and requested, What occurred to Onyx Motorbikes? TC reporter Rebecca Bellan spent weeks unraveling the story of what occurs when the proprietor and CEO of an organization abruptly dies and not using a succession plan.
Archer Aviation continues to snap up companions in its bid to commercialize electrical flight. This time, Archer and ride-hailing and parking firm Kakao Mobility have agreed to work collectively to deliver electrical air taxi flights to South Korea beginning in 2026.
In-car tech and apps
Apple and the Paris space transportation authority, referred to as Île-de-France Mobilités (IDFM), rolled out help for transit passes in Apple Pockets, which is able to enable individuals to make use of their iPhone or Apple Watch as a Navigo go to journey the metro, prepare, tram or bus. That is noteworthy on two fronts: The Apple integration is the results of years of negotiation between the tech large and IDFM, and it’s coming on-line simply two months earlier than thousands and thousands of individuals are anticipated to come back to Paris this summer season for the Olympic Video games. And yep, Android customers have been ready to make use of their cellphone as a Navigo go for some time.
Chinese language EV makers haven’t made vital inroads within the U.S. simply but, however that doesn’t imply individuals aren’t frightened. U.S. Rep. Elissa Slotkin will introduce a invoice to Congress that will restrict or ban the introduction of linked autos constructed by Chinese language firms if they’re discovered to pose a menace to nationwide safety.
Bear in mind Spotify’s large launch into {hardware} with its Automotive Factor gadget? It was short-lived. Spotify stopped making the gadget in July 2022 however stated it will help current house owners of the $100 gadget. Welp, these days are over. Spotify advised clients that the Automotive Factor will cease working after December 9, 2024.
This week’s wheels
What’s “This week’s wheels”? It’s an opportunity to be taught concerning the completely different transportation merchandise we’re testing, whether or not it’s an electrical or hybrid automobile, an e-bike or perhaps a journey in an autonomous automobile.
This week, TC contributor Emme Corridor shared her views — and first-look impressions — of the 2025 Cadillac Optiq EV. That is the fourth EV that Cadillac has revealed since 2022, though it needs to be famous that just one — the Lyriq — is at the moment on the market.
Corridor goes into depth right here, so please test it out. For many who need the tl;dr: Cadillac clearly desires to draw new, youthful consumers in a bid to breathe new life into the posh model. The Optiq seems to be its reply — at the very least for now. As Corridor notes, the automobile is a “looker” and is the most affordable EV within the Cadillac lineup. In different phrases, Cadillac designed a thirst entice to hook younger consumers. However will it work? With so many midsized crossovers available on the market right now, it’s powerful to face out and appeal to consumers.
