South African entrepreneur Elon Musk, who is the founder and CEO of electric car manufacturing behemoth Tesla, has been forced to stepdown as chairman of the company - and ordered to pay $20 million after reaching an agreement with the SEC.
US technology behemoth Apple has suffered a setback in its effort to lead the global movement towards a future of autonomous driving during testing of its self-driving program in California.
US ride-hailing platform Lyft has announced that it will assist voters in the forthcoming mid-term elections in November by offering FREE rides and discounted promotions in an effort to encourage and increase voter turnout.
One of the world's most iconic cities has voted overwhelmingly to reduce the number of licenses issued for ride-hailing firms such as Uber and Lyft.
A US startup that is developing a supersonic rail transit system which it claims will represent the future of public transportation, has announced that it will construct a research center worth $500m in Spain. Virgin Hyperloop One reached an agreement with Spanish state-owned rail infrastructure firm ADIF after a series of protracted talks.
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