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Waymo is once again expanding its driverless taxi service areas in Los Angeles, San Francisco and Silicon Valley, adding over 80 square miles total between the three areas.

The move comes less than a week before the tentative, much-anticipated launch of Tesla’s robotaxi service in Austin, another market that Waymo operates in.

Waymo currently operates a driverless taxi service in several areas around the country, with three distinct service areas in California – San Francisco, nearby Silicon Valley, and Los Angeles.

Those service areas have gradually gotten larger over time, as Waymo tests and maps new roads that it’s confident its vehicles can operate on autonomously. Waymo has also gradually rolled out its service to wider and wider audiences, typically starting in new areas with employee-only ridership, then a gradual release to the public.

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LA and SF are fully public now, while the Silicon Valley area only opened a few months ago and is not fully publicly available for ridership. Waymo’s SF and Silicon Valley service areas are disconnected, so despite being nearby, you can’t ride a Waymo from one to the other.

Today and tomorrow, all three of those California service areas are increasing in size substantially, adding about 50% to the total service area in the state, bringing it to a total of around 250 square miles.

As of today, riders in San Francisco now have access to much more of the peninsula, including Brisbane, South San Francisco, San Bruno, Millbrae, and all the way down to Burlingame.

The nearby Silicon Valley area isn’t fully open to the public yet, but that too expanded today, into Menlo Park and covering more of Palo Alto.

LA service is also expanding, though it’s not quite usable yet today – the expansion will take place tomorrow, June 18, for the LA area. This area is gaining new coverage in just about every direction, rather than expanding out in one direction like the SF expansion.

The new LA area covers Playa Del Rey, Ladera Heights, Echo Park, Silverlake, more of Inglewood and all of famous Sunset Boulevard.

The new service area encompasses UCLA for the first time, though it had previously gone up to Westwood, right next to campus. Waymo had previously expanded to encompass Howard Hughes center and the Inglewood stadium and the Forum (I hate calling stadia by their corporate names…) earlier this year, adding great options for those who want to avoid parking or who are thinking of imbibing liquids that are not conducive to operating heavy machinery.

Notably, the new SF and LA service areas both do not include their local international airports. The SF area skirts around SFO, keeping some distance to the west of the 101, and the LA area goes right up to the North edge of LAX but doesn’t quiiiite get there.

It looks like it would be possible to get a drop off spot within an easy walk of LAX, perhaps at the long-term parking lots just nearby, but Waymo’s area also stops just a couple hundred yards short of the “LAX-it” lot specifically set up for ride-hailing app usage.

Currently, Waymo’s Phoenix service area does include service to Sky Harbor airport, but it looks like California riders will have to wait a little longer for something like that. The Silicon Valley service area does now encompass Palo Alto airport, and LA encompasses Santa Monica airport, but those are both tiny airports more for private planes or enthusiasts.

So far, Waymo can’t be used on the freeways in Los Angeles, though it can in San Francisco for some riders. This means that for certain cross-town trips, taking a Waymo is likely quite a bit slower than otherwise.

But the service is currently testing on LA’s freeways, and we expect it to release that service to the public soon.

If you’d like to see a (very long) writeup/video of our ride in a Waymo when it first opened its LA area, see here: We tested Waymo’s driverless taxi in LA in the perfect chaos of a Venice Beach weekend

Comparisons to Tesla before robotaxi launch

It’s somewhat of a different approach than that taken by Tesla, another company that has been promising autonomous driving for many years, but has yet to deliver it.

Tesla’s level 2 Autopilot driver assist system was first available on highways, rather than surface streets. Highways, despite being higher speed, are much safer and less complex than surface streets, since they are well-marked and don’t have cross-traffic or road users with other modes of transportation. So, theoretically, they should be easier to operate on.

It’s interesting that Waymo started with surface streets, which are a more complex problem, and is available in some fairly complex cities to drive in, as well. While its first service area, Phoenix, is a relatively easy city to drive in, San Francisco is very difficult to drive in and Los Angeles has plenty of complexity as well.

Waymo’s system is a “level 4” system according to the SAE’s Levels of driving automation, in contrast with Tesla’s current level 2 system (which both Autopilot and FSD fall under). A level 2 system means the car can do a lot of tasks, but responsibility still falls on the driver at all times. A level 4 system can operate with no driver at all, but only in limited circumstances (in this case, geofencing). Tesla’s Austin rollout this weekend would be level 4 – if it doesn’t rely fully on teleoperation.

The comparison to Tesla is also relevant in that, while Waymo has been operating driverless taxis for years now, Tesla has been talking about it, but hasn’t yet done it. For over a decade, Tesla CEO Elon Musk has promised that a Tesla would be able to drive itself, with nobody in the car, “next year” – continually pushing back the timeline each year.

Now, supposedly, the service will come out in less than a week, as Tesla says it will start offering autonomous rides in Austin on June 22.

This comes after, and I quote, “several days” of testing – again, a contrast to Waymo’s method, which has included months of testing in markets before gradually rolling out to employees, limited public release, and then wide public releases, whenever they add new service areas or modes (such as highway driving).

Yesterday, Electrek released a report about the haphazard nature of Tesla’s driverless service rollout (and another about an erroneous Bloomberg report comparing Waymo and Tesla’s safety). Rest assured we will be watching the launch closely, whether it happens next week, or “next year,” as has been promised for the last decade or so.


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Russia weighs into U.S.-India tariff spat, saying New Delhi can choose its own trade partners

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Russia weighs into U.S.-India tariff spat, saying New Delhi can choose its own trade partners

Russia’s President Vladimir Putin bids farewell to India’s Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. 

Gavriil Grigorov | Via Reuters

Russia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading partners.

Washington and India’s leadership are at loggerheads over imports of Russian oil, with U.S. President Donald Trump threatening New Delhi with much steeper tariffs if it continues to purchase the commodity from Russia.

The Kremlin, an important trading partner of India’s and one which had stayed silent as the spat erupted in the last few days, commented that Trump’s tariff threats are “attempts to force countries to stop trade relations with Russia.”

“We do not consider such statements to be legitimate,” Kremlin Press Secretary Dmitry Peskov continued, speaking to reporters Tuesday.

“We believe that sovereign countries should have, and have the right to choose their own trade partners, partners in trade and economic cooperation. And to choose those trade and economic cooperation regimes that are in the interests of a particular country.”

The dispute between Trump and New Delhi is being closely watched by investors after Trump threatened on Monday that he would be “substantially raising” the tariffs on India, although he did not specify the level of the higher tariffs. The president had threatened a 25% duty on Indian exports, as well as an unspecified “penalty” last week.

He also accused India of buying discounted Russian oil and “selling it on the Open Market for big profits.”

India hit back at the U.S. later on Monday, accusing it and the European Union of hypocrisy.

“It is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion [for them],” the foreign ministry said in a statement.

Western countries have used sanctions and import restrictions as a way to stifle Moscow’s oil export-generated revenues that fund its war machine against Ukraine. However, some of Russia’s trading partners, particularly India and China, have continued their purchases of discounted Russian crude that their economies largely rely on.

India and Russia’s trade relationship has grown since the invasion of Ukraine in 2022; Russia became India’s leading oil supplier after the war began, with imports increasing from just under 100,000 barrels per day before the invasion — 2.5% of total imports — to more than 1.8 million barrels per day in 2023 — 39% of overall imports, the U.S. Energy Information Administration said earlier this year.

— CNBC’s Lim Hui Jie contributed reporting to this story.

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Stark VARG MX 1.2 launched as smarter, stronger, and absurdly powerful electric motocross bike

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Stark VARG MX 1.2 launched as smarter, stronger, and absurdly powerful electric motocross bike

Electric motocross just got another serious upgrade. Stark Future has unveiled its latest evolution of the VARG MX platform – meet the VARG MX 1.2. With more powertrain efficiency, longer range, and a tech-infused new onboard computer that moonlights as a military-grade Android phone, this bike is maintaining the Stark VARG playbook of doing more than keeping up with gas-powered competition, it’s burying them.

Stark Future is flying high, both literally with impressive performance that has helped riders to expand their options so aggressively that it’s gotten itself banned from the X-Games, to proverbially with the company already touting profitability so early in its operations.

At the heart of the VARG MX 1.2 is the same 80 hp (60 kW) electric motor that made the original VARG such a monster on the dirt, easily outgunning traditional 450cc gas bikes. But this time around, riders get even more customization. The power output can be adjusted anywhere from 10 to 80 hp (7.5-60 kW) on the fly, with refined control over the power curve and motor braking. Basically, it’s like having a garage full of bikes in one, and all of them are really impressive!

Helping riders tap into all that performance is a new handlebar-mounted smart device called the Arkenstone. This isn’t your average LCD screen, it’s a full-fledged, ruggedized Android smartphone that connects wirelessly to the bike. Want to change power modes mid-lap? Done. Want to track your lap times and get real-time GPS data? Also done. Stark even partnered with a major map provider to make sure the new “Laps” feature delivers real course splits and terrain data without the need for external apps or gear.

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And of course, performance is still king here. The new 7.2 kWh battery tucked into a lightweight magnesium honeycomb case delivers up to 20% more range than before. That means longer rides, harder pushes, and fewer recharge breaks. Oh, and it still puts out 973 Nm of torque at the rear wheel. Not a typo. That’s insane torque.

The updated chassis is no slouch either. Stark redesigned the frame using a stronger, lighter steel alloy, shaving off nearly a kilogram while improving flex and feedback. Suspension was also retuned with KYB components offering 310mm of travel and selectable spring rates based on rider weight – a level of adjustability that’s unheard of from most OEMs.

Motocross legend Kevin Windham, after testing the bike, didn’t hold back: “I’ve ridden everything there is to ride, and this is the future.” He praised the natural feel, instantaneous response, and how quickly it felt like home, even after decades on gas bikes.

But the VARG MX 1.2 isn’t just a lab project. It’s been relentlessly race-tested under the leadership of two-time World Champion Sébastien Tortelli, who now heads up Stark’s racing program. “Racing is where weaknesses show and strengths are proven,” says Tortelli. “Every race, every rider, every condition feeds into what we build.”

Other upgrades include a new overmolded wiring harness for extreme durability, a lighter and more efficient gearbox, new tires (Dunlop or Pirelli, your call), and even a reinforced skid plate made from biodegradable materials. Optional titanium hardware can shave off another 900 grams if you’re counting grams like trophies.

Maintenance? Practically nonexistent. With no pistons, clutches, or filters to fuss over, Stark says its riders can save up to $5,000 over 100 hours of use compared to a traditional gas bike. And in an industry notorious for limited warranties, Stark is backing the entire bike for two years.

Those cost savings are going to be important considering that electric motorcycles usually have higher up-front sticker shock. But with the new Stark, pricing is surprisingly competitive for something this high-end.

The 60 hp (45 kW) standard model starts at US $12,490, while the full-fat 80 hp (60 kW) Alpha comes in at $13,490 (plus a $1,000 tariff charge for US buyers). Bikes are available now through Stark’s global dealer network or directly from the company’s site.

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BP CEO hails exploration discovery boon after surprise profit beat

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BP CEO hails exploration discovery boon after surprise profit beat

Trowbridge in Somerset, England, on March 15, 2025.

Anna Barclay | Getty Images News | Getty Images

BP CEO Murray Auchincloss on Tuesday leaned into the growth potential of the company’s recent oil and gas discoveries, as the struggling energy major contends with takeover questions and a major turnaround plan.

“Inside the upstream, we’ve had tremendous performance, along with record operating efficiency [and] along with starting up five new major projects,” BP’s Auchincloss told CNBC’s “Squawk Box Europe“, just after the release of the company’s second-quarter results.

He added that he was “very optimistic” about the company’s latest exploration discovery in the Bumerangue block in Brazil’s Santos Basin, just over 400 kilometers (248.5 miles) from Rio de Janeiro. BP is currently carrying out tests to further analyze the block’s potential.

The Bumerangue discovery, announced Monday, is the firm’s 10th since the start of the year and reflects a potentially significant boost as BP continues to double down on hydrocarbons.

We’re focused on growing cash flows, BP CEO says, amid takeover rumors

After underperforming its peers in recent years, the firm has shifted gears by way of a fundamental strategic reset that will see BP prioritize fossil fuels and slash renewable spending.

Earlier on Tuesday, the energy major reported underlying replacement cost profit, used as a proxy for net profit, of $2.35 billion for the three months through June — comfortably beating analyst expectations of $1.81 billion, according to an LSEG-compiled consensus.

Ramping up investor returns, the company also said its quarterly dividend will increase to 8.32 cents from 8 cents and that it will maintain the pace of its share buyback program at $750 million for the second quarter.

Shares of the company were last seen trading 1.6% higher during morning deals.

Takeover speculation

The downturn of recent years has turned BP into the subject of intense takeover speculation, with some questioning a potential future merger with domestic rival Shell. For its part, Shell in late June said that it had “no intention” of making an offer.

UAE oil giant ADNOC, as well as U.S. oil giants Exxon Mobil and Chevron, are among some of the names that have also been touted as possible suitors.

Asked whether the company had been approached by any potential merger partners amid ongoing takeover speculation, Auchincloss said BP is focused on growth.

“That’s what is going to drive the share price up for shareholders,” he added.

CEO of BP Murray Auchincloss speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. 

Mark Felix | AFP | Getty Images

Maurizio Carulli, global energy analyst at Quilter Cheviot, said BP’s earnings were the company’s first positive quarterly results “in a very long time,” noting that “what is perhaps most encouraging” was the firm’s outperformance came despite a period of lower oil prices.

“The management team has clearly started delivering on the strategy reset announced a few months ago. There has been huge speculation of late on the fate of BP and whether or not a rival will look to take them out with a merger,” Carulli said.

“If positive results like this continue to be delivered, that speculation may just end up being a blip in BP’s long and storied history,” he added.

Asset review

BP, which is under intense pressure to improve profitability from the likes of activist investor Elliott, noted that it would initiate a further cost review of its assets — mere weeks before Albert Manifold joins BP’s board from Sept. 1 and as chair from Oct. 1.

Asked for further details of this strategic review, Auchincloss told CNBC: “If you think back to 2020, we reduced our costs by 25%, and in 2024 we announced another program to reduce our costs by another 20%. That’s the $4-5 billion that I referenced earlier.”

“If we can achieve that, that will take us to around top quartile in the sector, but I don’t think that is enough,” Auchincloss said.

BP’s net debt came in at $26.04 billion at the end of the second quarter, down from nearly $27 billion compared to the first three months of the year.

“We need to keep driving safely to be the very best in the sector we can be. And that’s why we’re focused on another review to try to drive us toward best in class inside the sector,” Auchincloss added.

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