Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
Shifting Gears: Tesla heads to Germany, more Boeing drama, and Uber insiders cash out
Shifting Gears: Tesla heads to Germany, more Boeing drama, and Uber insiders cash out
Graham RapierNov 15, 2019, 22:39 IST
Advertisement
Happy Friday - and welcome to Shifting Gears! It's the second week for our roundup of transportation news. Fittingly, it was a whirlwind with plenty of drama.
You can sign up to get this recap in your inbox every week here. What did we miss? Let me know at grapier@businessinsider.com
It was a busy week in transportation news across the board. Tesla's chief executive Elon Musk was in Germany to accept yet another award for the company's Model 3 sedan, where he also announced plans to build a factory near Berlin. And in the US, Boeing is no closer to returning its embattled plane to the skies, while Uber saw insiders cash out as its post-IPO lock-up period expired and the company finds a new regulatory fight.
Electric cars, of course, could help stave off a lot of the emissions from highways — but without drastic policy shifts, my colleague Matt DeBord points out, the US will likely remain well behind China and Europe on adoption rates. EV's also don't always have the cleanest supply chains, Mark Matousek reports.
Finally, I spoke to Lyft's head of sustainability, Sam Arons, about the ride-hailing firms' efforts to go completely carbon free. With most of its rides still occurring in gas-guzzling cars, mostly occupied by only one person, he's got his work cut out for him.
Uber insiders continue to cash out
Uber's founders kept cashing out of big chunks of their stakes in the ride-hailing giant as its stock price continues to slide. Travis Kalanick sold another large tranche this week, regulatory filings show, bringing his total sales to $711 million.
Board member and founder Garrett Camp, who self-funded one of Uber's earliest rounds, also sold about $13 million this week, according to SEC filings.
On stage to accept an award from Auto Bild (which, full disclosure, is also owned by Business Insider's parent company, Axel Springer) Elon Musk announced that Tesla plans to build a fourth factory, its first in Europe, near Berlin.
Boeing might deliver new 737 Max planes earlier than previously thought
The company said it had completed simulator test flights with the Federal Aviation Administration to certify software fixes to the plane. That could help Boeing resume deliveries of the grounded plane to airlines in December.
The route from London to Sydney is about 500 miles longer than the path from New York. However, due to trade winds, the flight is expected to take about the same amount of time.
What we're reading elsewhere:
Tesla/Germany: 'glorious success' or Schnapsidee? — Financial Times
Uber fined $649 million by New Jersey for saying drivers aren't employees — New York Times
Elon Musk's Boring Co. is run by a former bar owner who can quote Ayn Rand — Bloomberg
Daimler's new CEO warns electric-car shift will be painful — Bloomberg
Amtrak's new ticket rules won't let passengers sue in a crash — Politico
E-bikes are coming back to San Francisco after Lyft resolves issues with battery fires — The Verge
Worker injuries, 911 calls, housing crisis: Recruiting Tesla exacts a price — USA Today