Tesla held its annual shareholder meeting, which the company now refers to as its Cyber Roundup, Thursday at the Tesla Gigafactory Texas. The Cyber Roundup comes just a couple of weeks after Tesla reported its Q2 earnings, which showed quarterly revenue declines caused by production challenges, even as the company grew year-over-year. The agenda had 13 shareholder… Continue reading The 5 biggest takeaways from Tesla’s Cyber Roundup
Author: Tech Crunch Online News
How to watch and what to expect at the Tesla ‘Cyber Roundup’ annual meeting
Tesla will kick off Thursday afternoon its annual meeting — rebranded Cyber Roundup — from its Austin headquarters, an event that promises to deliver customary pomp and pageantry, thumping beats and some newsworthy comments from its CEO Elon Musk. There are 13 shareholder proposals on the agenda, including one for a 3-for-1 stock split. That… Continue reading How to watch and what to expect at the Tesla ‘Cyber Roundup’ annual meeting
VW will roll out a cheaper 2023 ID. 4 EV this fall
Volkswagen will offer a cheaper version of its ID.4 all-electric compact SUV that comes equipped with a smaller battery pack, a move aimed at attracting customers as inflationary pressures push vehicle prices higher. Volkswagen of America said Thursday it will sell three trims of the 2023 ID.4, including a base model with a smaller 62… Continue reading VW will roll out a cheaper 2023 ID. 4 EV this fall
European EV rental startup UFODrive launches in San Francisco
UFODrive, a Europe-based electric vehicle rental company, landed in San Francisco on Thursday, marking the startup’s expansion into the U.S. The startup, which gives users an easy and contact-free way of renting and subscribing to EVs, comes to California at a time when gas prices are still incredibly high, at $5.56. While that number has… Continue reading European EV rental startup UFODrive launches in San Francisco
Lyft rides post-COVID recovery to record earnings, but faces inflationary headwinds
Ride-hail giant Lyft reported strong second-quarter earnings Thursday. Earlier this year, investors had been skeptical of Lyft’s ability to offset the costs of increased investments to attract and retain drivers. However, Lyft was able to take advantage of severe internal cost-cutting measures combined with a post-COVID boom in travel to help it deliver its highest… Continue reading Lyft rides post-COVID recovery to record earnings, but faces inflationary headwinds
The road map for building the Uber of climate tech
The world needs a company willing to force governments to take action on climate change. So far, climate tech has been the polite corner of the startup world. All pleases and thank yous, triple bottom lines and shared upsides, plenty of virtue and virtue signaling. That’s great and all. Saving the world from probable calamity… Continue reading The road map for building the Uber of climate tech
Toyota-backed robotaxi unicorn Pony.ai sues ex-employees over trade secrets
Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.… Continue reading Toyota-backed robotaxi unicorn Pony.ai sues ex-employees over trade secrets
Lyft assured no layoffs were coming — now employees are scrambling for their next gig
The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success. The… Continue reading Lyft assured no layoffs were coming — now employees are scrambling for their next gig
This startup just raised $320M to make long-term care inside hospitals obsolete
Cera, a U.K. provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. The equity side of the funding round was led by Cera’s existing investor Kairos… Continue reading This startup just raised $320M to make long-term care inside hospitals obsolete
Lucid Motors slashes EV production targets again as supply chain problems persist
EV automaker Lucid Motors slashed its annual production guidance in half on Wednesday due to what CEO and CTO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares of Lucid fell more than 12% in after-market trading following the release of its second-quarter earnings, in which it provided the production guidance. Lucid lowered… Continue reading Lucid Motors slashes EV production targets again as supply chain problems persist