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Tesla’s Elon Musk said in a blog post he reported the funding was secured for a go-private transaction after meeting with the Saudi Arabian sovereign wealth fund July 31, after the Saudi fund bought almost 5% of Tesla stock.

Apple Inc. said it rehired Doug Field after the executive spent about five years at Tesla Inc. in charge of vehicle engineering.

Kodiak Robotics, founded in April by Don Burnette and Paz Eshel, said it has raised $40 million from a group of venture capital investment firms, including Battery Ventures, CRV, Lightspeed Venture Partners and Tusk Ventures.

An update of federal guidelines on autonomous technology that would encompass trucks, transit systems, infrastructure, cars and other modes of transportation will emphasize safety, the country’s top transportation officer said Aug. 8.

The autonomous technology gap between Ford Motor Co. and its rivals from Detroit and Silicon Valley can be measured in years. Yet even a company playing catch-up in the race to turn self-driving technology into high-margin businesses is drawing interest from outside investors, an indicator of just how much money is pouring in.

Four environmental services companies have submitted a joint application for exemption from hours-of-service regulations to the Federal Motor Carrier Safety Administration.

Although Uber Technologies Inc. recently halted its self-driving truck program, the ride-hailing pioneer is doubling down on its Uber Freight load-matching business and announced that Otto co-founder and former Uber executive Lior Ron will rejoin the company to run that unit.

Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.