Browsing: Motoring

Uber Technologies said it will deliver a first-ever quarterly profit by the end of the year, signalling that cost-cutting measures are exceeding even the company’s own recent expectations.

As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts are second-guessing the notion that the Model 3 maker will be caught anytime soon.

Tesla’s market value briefly topped $100-billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.

Toyota is making a $394-million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.