Sentences with phrase «electric car startup company»

Ten years ago, Elon Musk revealed his first «master plan» for electric car startup company Tesla Motors.

Not exact matches

Mysterious electric car startup Faraday Future has been the topic of several news reports lately relating to the company's financial and intellectual property issues, as well as its relationship with Chinese internet company LeEco, which has fallen on hard times recently as well.

Elon Musk's electric car startup will show off it's latest model — a $ 50,000 sedan that the company hopes will take electric cars mainstream.

The company has now reportedly raised $ 1 billion in funding, making WM Motor the latest well - funded startup hoping to make or sell electric cars in China.

Tech entrepreneur Elon Musk has flatly denied «Globes» report that his visit to Israel this week is connected to collaboration between his electric car company Tesla and Tel Aviv - based startup Cortica.

As Business Insider's Bryan Logan explained, «For all the attention that the electric - car startup Faraday Future has gotten in the past year, very little is still known about the company.»

The aspiring electric car startup that's backed by Chinese billionaire Jia Yueting has faced a series of legal setbacks and financial woes over the last year, most recently publicizing the firing of former BMW veteran who became the company's CFO.

It's not realistic to expect a startup company to mass - market cars from the start, but if its niche product is successful, it will put more pressure on big players to follow suit, and further down the road, less expensive electric cars will probably appear (a strategy similar to Tesla's).

While Faraday Future posed as the newest California electric car startup that attracted top auto industry talent, 10 former employees and one person close to the company say the behavior and business practices of its chief investor have brought business to a halt.

In December, amid mounting concerns about the viability of the electric - car startup Faraday Future, Nevada's governor and the mayor of the city of North Las Vegas slammed the car company's naysayers, saying taxpayers in the state are «fully - protected» from the potential ramifications a $ 335 million incentive deal for...

Electric car startup Faraday Future is closing out 2017 in a very precarious position, something The Verge captures in a spellbinding story today on the company's financial state.

Krause joined the the three - year - old electric car startup in March, having spent 30 years in executive positions at companies like BMW and Deutsche Bank.

In December, amid mounting concerns about the viability of the electric - car startup Faraday Future, Nevada's governor and the mayor of the city of North Las Vegas slammed the car company's naysayers, saying taxpayers in the state are «fully - protected» from the potential ramifications a $ 335 million incentive deal for FF if it failed to spend $ 1 billion to construct a factory in North Las Vegas.

Perpetually troubled electric car startup Faraday Future filed a lawsuit on Monday against the company's former chief financial officer, Stefan Krause, alleging that he stole a number of trade secrets and improperly solicited employees to join him at a new startup.

Krause leaving the company would be a significant blow to the three - year - old startup, which has spent 2017 trying to reshape itself as a serious contender among a crowded field vying to bring electric autonomous cars to life after a year of big promises and intense skepticism from the motoring press and investors alike.

But according to several former Faraday employees, the electric car startup — incorporated in Gardena, California — operates in practice as a branch of Jia's Chinese company LeEco, sharing resources.

It was mostly unsuccessful, and Krause left the company to open his own electric - car startup, prompting an intellectual - property lawsuit.

Plus, its exact relationship with its principal backer, «Chinese Netflix» billionaire Jia Yueting, or his own electric autonomous startup car company Le Eco, remains unclear.

Faraday Future Inc., the electric - car startup backed by billionaire Jia Yueting, hired Porter Harris from Space Exploration Technologies before he left the company.

LeEco is partnered with the US - based automotive company Faraday Future, a startup that wants to build electric self - driving cars.

Kim is currently the head of design for the startup electric car company Faraday Future, and his design for the BMW i3 is often described as being «loft - like,» with its novel use of materials and a use of space that feels more architectural than conventional auto design.

The utility company, Chubu Electric Power Co Inc (TYO: 9502), in partnership with an Internet of Things (IoT) startup, Nayuta, carried out a dummy transaction using Bitcoin running LN to pay for an electric car at a charging Electric Power Co Inc (TYO: 9502), in partnership with an Internet of Things (IoT) startup, Nayuta, carried out a dummy transaction using Bitcoin running LN to pay for an electric car at a charging electric car at a charging station.

He said he stepped down from his role as the chief executive officer of LeEco's main listed company to focus on Faraday Future, the US - based startup now trying to raise funds to bring the FF91 electric car to fruition.

Electric car startup Fisker Automotive has filed a lawsuit charging insurance company XL Insurance America with breach of contract for denying coverage of its claim after 338 of its Karma cars were destroyed due to flooding in Superstorm Sandy.

Both companies were founded on the premise that a startup electric car maker, with backing from Valley venture capitalists, could use a cool car as a launching platform to become a more mainstream auto maker.

At this year's CES, troubled electric car startup Faraday Future presented itself as the company that would usher in «the next generation of sustainable luxury mobility.»