CloudKitchens’ head of Americas is leaving for a healthtech startup, the second exec exit in a month. Rodrigo Arévalo oversaw the general managers in the Americas. Two ex-Uber leaders will take up the reins. Arévalo’s departure marks the second major executive exit in a month, after the startup’s head of recruiting left. See more stories… Continue reading Travis Kalanick’s CloudKitchens loses second exec in a month
Author: Business Insider
4 million Americans quit their jobs in April — a 20-year record. Many of them worked in the retail sector, which is in the middle of a massive labor shortage.
About 4 million workers in the US quit in April, a 20-year record, the Labor Department said. There were 9.3 million job vacancies at the end of April, another 20-year record. Job vacancies rose the most in the accommodation and food-service sectors. See more stories on Insider’s business page. Job vacancies rose to a 20-year… Continue reading 4 million Americans quit their jobs in April — a 20-year record. Many of them worked in the retail sector, which is in the middle of a massive labor shortage.
Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Anthony Scaramucci founded SkyBridge Capital. Reuters/ Rick Wilking Anthony Scaramucci said Elon Musk had “scared people” off bitcoin, but backed it to soar in the long run. He said bitcoin was like Amazon stock, which swung dramatically in its early history. Scaramucci’s SkyBridge capital has around $500 million in bitcoin and sees it as digital… Continue reading Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales
Elon Musk walks with former Shanghai Mayor Ying Yong in 2019. STR / AFP via Getty Images STR / AFP via Getty Images Electric-car maker Canoo and auto retailer CarLotz rallied more than 30% amid retail-trader hype. Electric-vehicle manufacturer Workhorse also jumped Tuesday amid a broader meme-stock rally. Tesla reported its May sales in China… Continue reading Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales
Tesla’s China-made car sales surged 29% in May after an April drop (TSLA)
Tesla’s sales of China-made vehicles grew 29% from April to May. It sold 33,463 vehicles in May, including exports and locally sold cars. China is one of Tesla’s largest and most critical markets. See more stories on Insider’s business page. Tesla sold 33,463 China-made electric cars in May, including exports, a 29% jump from April,… Continue reading Tesla’s China-made car sales surged 29% in May after an April drop (TSLA)
The AI superstar once hired to rehab Uber’s cratering self-driving program is going solo with a new startup and $83.5 million in funding
Raquel Urtasun was hired to help save Uber’s self-driving effort in 2017. The program ultimately cratered, and now the AI luminary is launching her own startup. Waabi emerged from stealth Tuesday, announcing it raised $83.5 million to pursue self-driving trucks. See more stories on Insider’s business page. When Raquel Urtasun joined Uber in May 2017,… Continue reading The AI superstar once hired to rehab Uber’s cratering self-driving program is going solo with a new startup and $83.5 million in funding
Tesla climbs after car sales in China jump 29% in May (TSLA)
Tesla’s Model 3. Feature China: Barcroft Media via Getty Images Tesla shares rose by more than 3% on Tuesday after data showed the company’s sales in China increased 29% in May. The rise in May sales follows a pullback in demand that was logged in April. Tesla should be on track for a 300,000 run-rate… Continue reading Tesla climbs after car sales in China jump 29% in May (TSLA)
One of Tesla’s longtime top executives has left the company (TSLA)
Jerome Guillen, Tesla’s president of heavy trucking, has left the company, Tesla said Monday. Guillen joined the automaker in 2010 and led the Model S project and Tesla’s automotive division. Guillen earned more than $46 million in salary and stock in 2020. See more stories on Insider’s business page. One of Tesla’s top executives has… Continue reading One of Tesla’s longtime top executives has left the company (TSLA)
Tesla loses key energy executive amid hiccups in its Solar Roof rollout (TSLA)
Tesla’s head of energy operations, RJ Johnson, has left the company. He worked at Tesla since early 2020, according to his LinkedIn profile and past earnings calls. The exit comes as Tesla hits speedbumps in the rollout of its Solar Roof product. See more stories on Insider’s business page. Tesla lost a key energy executive… Continue reading Tesla loses key energy executive amid hiccups in its Solar Roof rollout (TSLA)
Tesla could soar 67% as it reaps the benefits of ‘transformational consumer demand’ for EVs in China, Wedbush says (TSLA)
Christophe Gateau: picture alliance via Getty Images The best days are still ahead for Tesla -not in the rear view mirror, Wedbush says. In a Monday note, senior technology analyst Dan Ives said that despite near-term speed bumps, he remains firmly bullish on Tesla and the broader electric vehicle theme. He reiterated his “outperform” rating… Continue reading Tesla could soar 67% as it reaps the benefits of ‘transformational consumer demand’ for EVs in China, Wedbush says (TSLA)