Several companies, including Grab Holdings and BuzzFeed, that merged with shell entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street’s frenzied blank-check deals this year. Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40% since… Continue reading SPAC boom fizzles as investors cash out on big names
Category: Tech News
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Japan’s top business lobbyist backs Myanmar coup, urges investment
A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japan’s top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation efforts.” The 87-year-old former cabinet minister, Hideo Watanabe, is also pursuing a $42-million shopping… Continue reading Japan’s top business lobbyist backs Myanmar coup, urges investment
Tesla offers free Supercharging in off-peak hours for holidays to help curb traffic
Tesla announced that is going to offer free Supercharging during off-peak hours for the holidays in order to help curb traffic at charging stations. The holidays have been tough stress tests for Tesla’s Supercharger network, and it has not always passed with flying colors. Especially in California, one of Tesla’s biggest markets per capita and… Continue reading Tesla offers free Supercharging in off-peak hours for holidays to help curb traffic
Clean Technica: Tesla’s Austin Gigafactory To Be $10 Billion Investment, Says Musk001571
Tesla CEO Elon Musk said on Thursday that the company’s new all-electric vehicle factory in Texas will require an investment of more than $10 billion over time. The Austin gigafactory (Tesla Giga Texas), located close to the airport, is a central element of planned company development. The newly announced cost estimate is consistent with the… Continue reading Clean Technica: Tesla’s Austin Gigafactory To Be $10 Billion Investment, Says Musk001571
Clean Technica: Tesla Looks to Achieve Significant Growth in 2022001570
This year was filled with challenges for the vast majority of the auto industry. The pandemic continues, supply chain woes haven’t slowed down, and chip shortages are plaguing most automakers globally. Meanwhile, Tesla has battled on — as it always does. Looking ahead, 2022 could continue to present challenges. Will Elon Musk and Team Tesla… Continue reading Clean Technica: Tesla Looks to Achieve Significant Growth in 2022001570
Microsoft had to use Xbox dev kits to run a ‘Halo Infinite’ tournament
Even Microsoft is feeling the sting of ongoing Xbox shortages. Kotaku notes Microsoft resorted to using Xbox Series X dev kits (not pictured) to run the first big Halo Infinite tournament, the Halo Championship Series’ Raleigh Major, this weekend. Simply put, the company couldn’t find enough retail consoles to use — the “global supply chain… Continue reading Microsoft had to use Xbox dev kits to run a ‘Halo Infinite’ tournament
GM delivers its first Hummer EV
The next chapter of GM’s electrification strategy is officially underway. The Verge reports GM has started deliveries of the Hummer EV as promised, with its first “supertruck” (an Edition 1) rolling off the line at Factory Zero in Hamtramck, Michigan. The automaker didn’t name the initial customer, but that person clearly paid for bragging rights… Continue reading GM delivers its first Hummer EV
Nio’s new ET5 EV rivals the Model 3 with a claimed 620-mile range
Nio’s soon-to-arrive ET7 is practically tailor-made to challenge Tesla’s Model S, and now the company appears to have a (partial) answer to the Model 3. Electrek says Nio has introduced the ET5, a more affordable “mid-size” electric sedan. It starts at RMB 328,000 (about $51,450), or well under the roughly $70,000 of the ET7, but… Continue reading Nio’s new ET5 EV rivals the Model 3 with a claimed 620-mile range
Get a small collectible toy Lamborghini and the chance to win an actual Lambo with this deal from MrBeast
StackCommerce Yes, you can get a Lamborghini for $35; the question is, exactly what kind of Lambo it will turn out to be. But that’s part of the fun when you get to purchase this MrBeast + MSCHF Everyone Gets A Car deal. Everyone will get a 1/64 scale diecast collectible toy Lamborghini, so your… Continue reading Get a small collectible toy Lamborghini and the chance to win an actual Lambo with this deal from MrBeast
Russian Newspaper Publishes Brutal Takedown of Russian Space Program
Russian journalist Dmitry Popov published a scathing and surprisingly transparent takedown of the Russian space program, Roscosmos, in the state-aligned paper MK this week. In a country that regularly perpetuates police violence and oppressive criminal charges against journalists, it’s unusual to see such a damning report in a state-aligned paper. As spotted by Ars Technica, the… Continue reading Russian Newspaper Publishes Brutal Takedown of Russian Space Program