Andrew J. Hawkins

Bird issued a “going concern” warning last night, disclosing that it may not have enough money to keep going for another 12 months. The warning came hours after the scooter company admitted to the SEC that it had overstated its revenue for two years and that its financial reports from 2020 and 2021 can “no longer be relied upon,” And its stock price is still trading under $1-per-share, putting Bird at risk of being delisted. What a crummy week for the scooter sharing pioneer.

According to Electrek, the event is likely to focus on handing over the first Semi trucks to customers, one of which is expected to be Pepsi. Previously, Tesla CEO Elon Musk said the company wouldn’t unveil any new vehicles as it works to ramp up production for its existing vehicles, as well as pre-production for the Semi and Cybertruck.