Tesla officially broke ground Monday on a Texas lithium refinery, making it the only U.S. automaker to refine its own lithium. CEO Elon Musk said the refinery will produce enough battery grade lithium for 1 million electric vehicles by 2025, which would make Tesla the largest processor of lithium in North America. Tesla will continue…
Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since…
VW Group has switched up the leadership at Cariad once again, just three years since the automaker created the software unit. On Monday, Cariad’s board replaced its CEO Dirk Hilgenberg with Peter Bosch, who was previously responsible for manufacturing at VW’s Bentley brand. Hilgenberg had been at Cariad since 2020. Bosch is taking over the…
Qualcomm’s longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology is getting a significant push today: the company announced that it is acquiring Autotalks, a fabless chipmaker out of Israel that builds semiconductor and system-on-a-chip technology to aid in automotive safety; sources tell us Qualcomm…
Critics are flaming The New York Times today for posting what they says is an overly empathetic 5,500-word profile of Theranos founder Elizabeth Holmes this morning. Nice to be a pretty white lady working your charm on a nyt reporter. https://t.co/BTPukyMt9A — Soledad O’Brien (@soledadobrien) May 7, 2023 pretty incredible to write a performatively angsty…
Identity management used to mean making sure you had your driver’s license when you left the house, but these days it’s not so easy: Identity fundamentally underpins how we engage with the digital world, and identity services can take on many forms (and, unfortunately, abuses). I’m excited to host a TechCrunch Live event with Persona…
Are you a seed-stage founder who’s building a unicorn? NFX Founding Partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility. Network effects: Your product becomes more valuable as more people use it. Embedding: Integrate your services so deeply, customers “cannot rip them…
It’s that time of week again, folks — Week in Review (WiR) time. For those new to the scene, WiR is TechCrunch’s regular newsletter that recaps the biggest tech stories over the past few days. There’s no better digest for the person on the go, we’d argue — but of course, we’re a little biased.…
It’s that time of week again, folks — Week in Review (WiR) time. For those new to the scene, WiR is TechCrunch’s regular newsletter that recaps the biggest tech stories over the past few days. There’s no better digest for the person on the go, we’d argue — but of course, we’re a little biased.…
It’s that time of week again, folks — Week in Review (WiR) time. For those new to the scene, WiR is TechCrunch’s regular newsletter that recaps the biggest tech stories over the past few days. There’s no better digest for the person on the go, we’d argue — but of course, we’re a little biased.…
