Autonomous trucking company TuSimple’s stock shot up 28% Monday after the company narrowly dodged a delisting from the Nasdaq stock exchange. TuSimple’s stock closed at $1.06 per share. TuSimple reported last week that it received a delisting notice from the Nasdaq for failing to file its quarterly report on time. The stock exchange was meant… Continue reading TuSimple gets temporary reprieve from Nasdaq delisting
Author: Tech Crunch Online News
Chief Twit Elon Musk loses appeal to be able to tweet about Tesla unchecked
Elon Musk lost another bid to end a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected Musk’s argument that the consent decree reached in 2018 is a “prior restraint” on his speech. Musk, who is… Continue reading Chief Twit Elon Musk loses appeal to be able to tweet about Tesla unchecked
Cold-chain startup Figorr raises $1.5M, backs the roll out of data-driven perishables insurance
Oghenetega Iortim built Nigerian-based cold chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from his fresh agro-produce venture. Figorr (previously Gricd) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products,… Continue reading Cold-chain startup Figorr raises $1.5M, backs the roll out of data-driven perishables insurance
Software snafus abound, Nuro makes more cuts and VinFast takes the SPAC road
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Automakers have been struggling with software development for years now. But the stakes are higher than ever because all of these companies keep touting the coming of the “software-defined”… Continue reading Software snafus abound, Nuro makes more cuts and VinFast takes the SPAC road
Austin Russell became the youngest self-made billionaire in 2021; now he owns Forbes
Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told the Wall Street Journal earlier today that he is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800… Continue reading Austin Russell became the youngest self-made billionaire in 2021; now he owns Forbes
Autonomous delivery startup Nuro to lay off 30% of workforce
Autonomous delivery robot startup Nuro will lay off 30%, or about 340 employees, across the company as part of a restructuring meant to extend its capital runway, according to the company. Earlier this week, Nuro co-founders Dave Ferguson and Jiajun Zhu explained in a blog post that the company would cut staff and shift resources… Continue reading Autonomous delivery startup Nuro to lay off 30% of workforce
Toyota Japan exposed millions of vehicles’ location data for a decade
Toyota Japan has apologized after admitting to leaving millions of customers’ vehicle details on the public internet for a decade. The car maker said in a notice that it will notify about 2.15 million customers whose personal and vehicle information were left exposed to the internet after a “cloud misconfiguration” was discovered recently in April.… Continue reading Toyota Japan exposed millions of vehicles’ location data for a decade
Getaround aims to scale car-sharing platform with HyreCar acquisition
Peer-to-peer car sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability. “At this acquisition price point, we… Continue reading Getaround aims to scale car-sharing platform with HyreCar acquisition
Bird’s weak stock market performance impacts the entire e-scooter industry
Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut costs — that would be the third leg — but it wasn’t enough to convince investors that the scooter company can find its way to profitability.… Continue reading Bird’s weak stock market performance impacts the entire e-scooter industry
Polestar and Volvo are the latest automakers caught in software purgatory
Software, it turns out, is hard for automakers. And building a so-called software-defined car — the term du jour in automotive circles — is even harder. Software development problems have led to executive shakeups at VW Group, bricked vehicles, recalls and generally unpleasant vehicle experiences. Now, Polestar and Volvo Cars have gotten caught up in… Continue reading Polestar and Volvo are the latest automakers caught in software purgatory