Category: News
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POLESTAR PRECEPT: is this recycling-obsessed EV the ultimate Tesla Model S rival? | Top Gear
The European answers to Tesla’s mighty electric Model S four-door sedan are coming. Volvo’s electric Polestar offshoot reckons it’s got what it takes to rock planet EV – by saving it one recycled piece of plastic at a time. The shark-like Precept previews the look of Polestar’s future flagship model (let’s call it the new…
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Growth is not enough
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were a smaller team this week, with Natasha and Alex joined by Grace and Chris to sort through a week that brought together both this quarter’s earnings cycle and the Q3 IPO rush. So, it was just a little busy!…
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Rivian Files Six New Trademarks For Electric Pickup Trucks And SUVs
Rivian is already readying the R1T pickup, R1S SUV, and its Amazon delivery vehicle, and it appears to have big plans for the future. Users at the Rivian Owners Forum recently discovered that the electric car startup has trademarked the names R3S, R4S, and R5S, as well as R3T, R4T, and R5T. Based on Rivian’s…
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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round
Redwood Materials, a battery recycling company founded by Tesla co-founder J.B. Straubel, has announced a $700 million investment round from external investors. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc., and includes contributions from Goldman Sachs Asset Management, Baillie Gifford, Canada Pension Plan Investment Board, and Fidelity. Additionally,…
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Ford reports strong Q2 and raises 2021 outlook, 120k F-150 Lightning reservations
Ford Motor Company (NYSE: F) reported a better-than-expected second quarter on Wednesday, recording positive earnings per share but slightly missing Wall Street’s consensus for automotive revenue. However, the company raised its Full-Year 2021 expectations following the profitable quarter, indicating that it is selling more expensive vehicles more often. Additionally, Ford updated shareholders on the progress…
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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion
SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our…
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Tesla’s aluminum alloys patent hints at ultra-tough EVs that are cheaper to produce
It is widely known that Tesla constantly innovates, from the software of its cars to the chemistry of the batteries that power them. And if a newly published patent application is any indication, it appears that Tesla’s innovations actually go all the way down to the metals used to build its cars. By using aluminum…
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Apple’s next iPhone might be in short supply, at least at first
Here’s one negative takeaway from Apple’s otherwise stellar earnings report: New iPhones and iPads might be hard to obtain this fall. This is according to Apple’s CEO Tim Cook and CFO Luca Maestri, who spoke about the issue during the earnings call (via MacRumors). “We expect supply constraints during the September quarter to be greater…
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Tesla Model S Long Range delivery estimates slip to early 2022
Those who wish to order Tesla’s most bang-for-the-buck car will likely be facing quite a bit of wait, with estimated delivery times for the new Model S Long Range being moved to February-March 2022. This is a significant change from the vehicle’s previous delivery estimate, which was listed at September-October 2021. It was not just…