Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund
August 21, 2018

Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.

The Public Investment Fund built up a less-than 5 percent stake in the electric Continue reading

Air-Taxi Startup Has a Working Prototype and a Fresh $100 Million
February 20, 2018

If you want to see JoeBen Bevirt’s flying car, you have to get in a helicopter. The engineer’s private airfield is nestled in a valley on the Northern California coast between Monterey and Santa Barbara, and it’s remote by design, Continue reading

Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
January 7, 2018

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge Continue reading

Former Uber CEO Names Two Directors Without Consulting Board
October 14, 2017

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick named two new directors without consulting the company’s new leader or other existing board members, ratcheting up a Machiavellian battle for control of the world’s most valuable startup.

The former CEO Continue reading

How Electric Cars Can Create the Biggest Disruption Since the iPhone
October 9, 2017

It’s been 10 years since Apple Inc. unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self-driving technology, could be about to pull the same trick on Big Oil. Continue reading