After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on βNasdaq under the ticker symbol "LIME." Lime did not share terms of the offering.
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Uber announced several new features on Wednesday during its annual event, which push far beyond the company's original ride-hailing purpose and deeper into its users' lives.
Tesla's planned capex for 2026 is three times higher than what the company has historically spent. Its CFO said, as a result, Tesla will have a negative free cash flow the rest of the year.
The new returns feature is the company's latest effort to become an everything app. There are limitations to the new service, and there is, of course, a courier fee.