Tesla's market value spiked above $1 trillion on Monday after car rental company Hertz announced an order of 100,000 vehicles by the end of 2022. Tesla shares shot up 14.9% to $1,045, making it the first automaker to reach a valuation of $1 trillion.
Cities are tapping artificial intelligence to bolster transportation use and streamline transit operations. Harnessing intelligent solutions also supports mobility-as-a-service, connecting riders with various options along the way.
A report released by the Canadian Advanced Air Mobility Consortium highlights Toronto's potential as an early adopter of advanced air mobility infrastructure due to its robust economy and other key factors. "There are other markets in the United States and Canada that are also looking at advanced air mobility, and there's room for viability and very generous economic benefits for all," said Michael Dyment of Nexa Advisors, which prepared the report.
Blue Origin is working with Sierra Space, Boeing, Redwire Space, Genesis Engineering and Arizona State University to create the Orbital Reef commercial space station. Nanoracks, meanwhile, has partnered with Voyager Space and Lockheed Martin on the development of the Starlab space station.
Toyota opted for nickel-metal hydride batteries for the hybrid-electric powertrain in its Tundra 2022. Mike Sweers, chief engineer, said the larger size of the battery compared with lithium-ion was not an issue because the truck has "the space to accommodate it," while recyclability was another consideration.
Tariffs that incentivize electric vehicle users to charge up at off-peak times can save drivers more than $1,000 annually while also helping to balance the grid, according to Bloomberg NEF. California is already moving toward time-of-use tariffs to change consumer charging habits and stress on the grid.
General Motors is following a previous commitment for partnerships to build 60,000 electric-vehicle charging stations with a new commitment to build 40,000 more in the US and Canada. The automaker plans to concentrate the stations in currently underserved urban and rural areas.
Uber ordered 50,000 Teslas in a deal with Hertz as part of a company initiative to roll out electric vehicles across its fleet by 2023. As soon as next week, however, Uber drivers in Los Angeles, San Francisco, San Diego and Washington, D.C., will be able to rent Tesla vehicles.
The shortage of truck drivers has grown from 61,000 in 2018 to 80,000 now and could double to 160,000 by 2030 if challenges such as driver pay and high turnover are not solved, according to an American Trucking Associations report. "We have an aging workforce, a workforce that is overwhelmingly male, and finding ways to address those issues is key to narrowing the shortage," ATA Chief Economist Bob Costello said.
Cities are increasingly networked and automated, but the new efficiencies come with security and privacy concerns, as recent reports have found significant vulnerabilities. Communities seeking the ideal balance between convenience and security may benefit from establishing standards.
Make critical feedback short and concise even as you offer examples of poor performance and some suggestions on improvement, writes Scott Eblin. "Delivering the reality of tough performance feedback without offering the support and substance that provides hope for improvement is pretty much leadership malpractice," Eblin writes.
Uber has teamed up with French grocer Carrefour to launch a 15-minute delivery service in Paris. Startup Cajoo will operate dark stores to fulfill orders under the new service, called Carrefour Sprint.
Moving into the fast lane? MOVE 2021 returns to London in person Nov. 9 and 10. World renowned keynotes include: Thomas Ingenlath, CEO of Polestar, on radical automotive design; Tom Elvidge, SVP Vehicle Programmes of Arrival, on engineering microfactories; Andy Palmer, CEO of Switch Mobility, on carbon zero mobility; and Isobel Sheldon, OBE, CSO of BritishVolt, on buzzing gigafactories. Sign up now.
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