Tag: Technology

GM may have mortgaged its future last week. On Wednesday, the automaker announced that it would boost its dividend and buy back $10 billion worth of its shares, effectively erasing this year’s net income and then some. The move pleased shareholders, with GM’s stock trading about 10% higher than before the financial engineering moves were…

© Reuters. FILE PHOTO: Silja Yraola, an employee of Icelandic startup Carbfix, enters the dome with injection well at its facility in Olfus, Iceland, November 21, 2023. Icelandic startup Carbfix is the world’s first CO2 mineral storage operator, permanently sequeste   SWCH +0.00% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully…

After four years, the long-awaited launch of the Tesla Cybertruck electric pickup has come and gone. The boxy vehicle is Tesla’s first new model since 2020, when it started delivering the Model Y. Yet, Cybertruck’s initial debut predates that moment; Tesla CEO Elon Musk showed off an early version of the pickup at a memorable…

Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300 million in working capital, the company said in a business update Friday. Fisker said it expects to produce about 10,000 vehicles this year. The decision comes less than a month since Fisker cut its production target to between…

You might get a better value if you are willing to sacrifice the Tesla badge…

The e-commerce platform is offering those with the Amazon Prime Student account a chance to score a $25 plane ticket…

Genetic testing company 23andMe announced on Friday that hackers accessed around 14,000 customer accounts in the company’s recent data breach. In a new filing with the U.S. Securities and Exchange Commission published Friday, the company said that, based on its investigation into the incident, it had determined that hackers had accessed 0.1% of its customer…

With dubstep as the soundtrack and neon lighting as the backdrop, Elon Musk handed the first Cybertrucks over to a select group of customers that included Reddit co-founder and VC fund Seven Seven Six founder Alexis Ohanian and Trousdale Ventures founder and CEO Phillip Sarofim. The livestreamed portion of the Tesla Cybertruck delivery event was…

Bad news: If you had your heart set on a sub-$40,000 Cybertruck, it ain’t coming next year, if ever. Though Tesla plans to ramp up production of its electric pickup in 2024, the company clarified today after its splashy delivery event that the cheapest Cybertruck variant will be available in 2025. Tesla first announced a…

Leading defense tech startup Anduril has developed a new product designed to take-on the proliferation of low-cost, high-powered aerial threats. The product is called Roadrunner, a modular, twin-jet powered autonomous vertical take-off and landing (VTOL) air vehicle that’s designed for low costs. Anduril has also developed a variant called Roadrunner-Munition, or Roadrunner-M, a “high-explosive interceptor,”…