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EV Maker Lucid Pushes to Net $1.7B with IPO as New Saudi Fund Becomes Lead Investor

EV Maker Lucid Pushes to Net $1.7B with IPO as New Saudi Fund Becomes Lead Investor

Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.

Motorcyclists Wearing Helmets Die Less Often

Motorcyclists Wearing Helmets Die Less Often

Helmet laws often create discord among motorcyclists, the medical community and other safety experts. The latest study from the Insurance Institute for Highway Safety isn’t likely to quell any of the disagreements. The report shows more than 22,000 riders would’ve have survived fatal crashes during the last four decades. Find out more at Headlight.News.

Wall Street Wary About Tesla’s Shift from EVs to Robotaxis

Wall Street Wary About Tesla’s Shift from EVs to Robotaxis

Tesla appears to be planning a shift away from its once groundbreaking EVs to put more focus on a line of robots and robotaxis but that has generated some significant pushback from investors who question the new business model announced by CEO Elon Musk during a flashy Hollywood rollout last week.

New GM Defense Vehicle Offers More Stealth, Better Range for U.S. Armed Forces

New GM Defense Vehicle Offers More Stealth, Better Range for U.S. Armed Forces

General Motors defense unit continues to offer new vehicles with evolutionary updates designed to keep up with the changing needs of today’s warfighter. It’s showing off the prototype of its next-generation tactical vehicle at AUSA 2024. Check it out at Headlight.News.

Tesla Cybercab Highlights Elon Musk’s Glimpse into the Future

Tesla Cybercab Highlights Elon Musk’s Glimpse into the Future

An ebullient Elon Musk took to the stage Thursday night not just to show off the long-awaited Cybercab, Tesla’s CEO offered a peek at what his idea of what the future should be, and that kicks off sometime near the end of 2026 when the first Cybercabs go into production. Get details at Headlight.News.

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.