The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
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Self Driving Trucks Are Ready To Do Business
Self Driving Trucks Are Ready To Do Business In Texas.
DON BURNETTE AND Paz Eshel are Silicon Valley, through and through. Burnette is a veteran of Google’s self-driving car project and Otto, the robotic trucking company acquired by Uber. Eshel has a background in venture capital, and his résumé is a rolling list of enterprise startups. AARIAN MARSHALL COVERS AUTONOMOUS VEHICLES, TRANSPORTATION POLICY, AND URBAN PLANNING FOR WIRED.
But when the pair went looking for a place to operate the self-driving trucks they’re building through their year-old startup, Kodiak Robotics, Silicon Valley—really, all of California—was never on the table. For a simple reason: It’s not legal to operate an autonomous truck there, though the state is working on regulations. “For now, we don’t see an immediate, short-term path forward in California, and that's why we’re looking elsewhere,” says Burnette...
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