Tag: companies
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Clubhouse CEO Says the Once-Hot Startup Grew ‘Way Too Fast’
Clubhouse, the audio-only app designed to be a virtual conference hall, generated heavy buzz during the peak of the pandemic and received a $4 billion valuation earlier this year. In the months since then, that excitement seems to have cooled. The red-hot start may have been a drawback, Clubhouse Chief Executive Officer Paul Davison said…
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Tesla partner Panasonic is shutting down its operations at Nevada gigafactory
Panasonic is pulling its 3,500 employees from the massive Nevada factory it operates with partner Tesla over concerns about the spread of COVID-19. The company said Friday it will ramp down operations early next week and then close for 14 days. The move only affects Panasonic employees. Tesla also employs thousands of workers at the…
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Tesla reportedly working on its own battery cell manufacturing capability
Automaker Tesla is considering how it might have another crucial part of its distribution chain, through research being performed at a key laboratory close to its Fremont, CA HQ, CNBC reports. The business currently is determined by Panasonic to construct cells and the battery package it utilizes for its own vehicles, which can be among,…
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Some reassuring data for those worried unicorns are wrecking the Bay Area
Joanna Glasner Contributor More Articles by this contributor From lab-grown meat to fermented fungus, here’s what corporate Meals VCs are serving up A record $2.5B went to US insurance startup deals last year, and Large insurers are in all the way The San Francisco Bay Area is at launching startups that go on to dominate…