1. Elon Musk's companies, The Boring Company and Tesla, face regulatory issues: Nevada regulators accuse The Boring Company of violations related to digging without approval and failing to comply with environmental regulations. Tesla is under investigation by California’s Department of Insurance for routinely denying or delaying customer claims.
2. Autonomous vehicle development updates: General Motors might be building an autonomous vehicle team in Austin and Mountain View, following its acquisition of Cruise in 2024. Joby Aviation sold shares to fund certification and manufacturing efforts for its electric vertical takeoff and landing aircraft, although investors were not favorable due to the discounted price.
3. Notable transportation news: Lucid delivered a record number of EVs in Q3, Tesla unveiled stripped-down versions of Model 3 and Model Y without Autopilot, Zero Motorcycles moved its key operations to the Netherlands for global growth opportunities, and Uber chief product officer Sachin Kansal and Nuro co-founder Dave Ferguson will discuss AI and mobility at TechCrunch Disrupt 2025.