It’s the Los Angeles trucking startup’s first acquisition — the latest in a series of moves to spin up new revenue streams.
The company is also currently facing a 30-day suspension of its manufacturing and dealer licenses in California for deceptive marketing about Autopilot’s capabilities.
It’s a huge change to Tesla’s approach with FSD, and it could impact Musk’s $1T pay package and the company’s myriad legal troubles.
The driver assistance software is available on Rivian’s for Gen 2 R1 cars and works on 3.5 million miles of North American roads. But it doesn’t slow or stop for traffic lights or stop signs.