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Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted.
Tesla’s solar and energy storage business rakes in $810M, finally exceeds cost of revenue
Today 21:41 EDT
Small as it is, the division is selling more energy storage and solar. Revenue from this division grew 62% from the previous quarter and more than 116% from the same quarter in 2020.
Samsung sent out invites for its August 11 Unpacked event last week. While it’s clear this is going to be packed (somewhat ironically) even by the company’s standards, the event may well be as notable...
Daily Crunch: Accused January 6 insurrectionist must use face to unlock laptop, orders judge
Today 18:10 EDT
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Reusable rocket startup iRocket has entered into a new partnership with NASA in its quest to reach commercialization in just two years. The partnership will give iRocket access to testing facilities...
Tesla’s quarterly profit surpasses $1 billion
Today 16:58 EDT
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analysts expectations and marked the first time the company’s quarterly profit (on a GAAP...
In May, the neighborhood crime watch app Citizen offered its user base $30,000 to track down a suspected arsonist on live video, only to discover that they’d sent a mob of civilians after the wrong...
Duolingo boosts IPO price target in boon to edtech startups
Today 15:22 EDT
Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.
How to prepare for M&A, your most likely exit avenue
Today 15:09 EDT
Despite the headlines about billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups.
Glyphic Biotechnologies raises $6M to accelerate protein sequencing by orders of magnitude
Today 14:56 EDT
The whole human proteome may be free to browse thanks to DeepMind, but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. Glyphic...
Amazon-backed Indian D2C beauty brand MyGlamm raises $71 million
Today 14:17 EDT
MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing round...
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans.
I get it, Elizabeth Holmes
Today 13:55 EDT
The next time someone jokes at a cocktail party about Elizabeth Holmes’ baritone voice, remind them how dumb is it that we give more money to people with deep voices.
The former Lucid Motors will expand its factory in Casa Grande, Arizona, by 2.7 million square feet and aims to ultimately produce 400,000 vehicles a year.
This new agreement could allow Lordstown to continue by providing the much-needed capital required to produce its first electric vehicle.
A federal judge in Washington DC has ordered a man accused of participating in the U.S. Capitol riot on January 6 to unlock his laptop “with his face,” after prosecutors argued that the laptop likely...
A magnetic helmet shrunk a deadly tumor in world-first test
Today 13:01 EDT
We've seen helmets and AI that can spot brain tumors, but a new hard hat can actually treat them, too. Researchers used a helmet that generates a magnetic field to shrink a deadly tumor by a third.
As China shakes up regulations, tech companies suffer
Today 11:52 EDT
Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.
Solarisbank raises $224M at a $1.65B valuation to acquire Contis and expand its API-based embedded banking tech in Europe
Today 11:51 EDT
Embedded finance — the process by which some of the more complicated, but also commoditized, aspects of financial services are built and wrapped in an API for anyone else to implement in their own...
The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft
Today 11:41 EDT
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Sunday in your inbox. Hello frens and readers. Welcome to The...
Tick tock, early-stage startup fans: If you plan to attend TechCrunch Disrupt 2021 (September 21-23), time is running out to score a pass to the world’s leading conference dedicated to tech startups —...
Queenly, a resale marketplace for formalwear, announced on Friday that it has grown its seed round to $6.3 million in a financing round led by Andreessen Horowitz’s Connie Chan. The financing event...
Jeff Bezos, the billionaire founder of Blue Origin, is offering to knock up to $2 billion off the cost of developing a lunar lander and to self-fund a pathfinder mission in exchange for a NASA...
Box unwraps its answer to the $3.8B e-signature market: Box Sign
Today 11:00 EDT
Box's new native e-signature product provides e-signature capability and unlimited signatures as part of Box’s business and enterprise plans at no additional cost.
How one founder aims to make money management a mutiplayer game
Today 10:14 EDT
Aditi Shekar’s path to entrepreneurship was a very intentional one, and while it wasn’t quite a childhood dream, it was the real-world version of the goals she did have as a kid. Fast forward to today,...
Equity Monday: China boosts pressure on its tech sector as Duolingo’s IPO looks to raise a few more bucks
Today 9:32 EDT
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private...
Spotify is taking a cue from social networks like Facebook which deliver a constant stream of notifications under a “bell” icon in the mobile app, with the goal of keeping users engaged with the latest...
Now that you have that COVID dog, Embark Veterinary wants to help him or her be in your life for a long time by offering DNA testing with the goal of increasing their lifespan.
The loss of a loved one is perhaps one of the most traumatic things a person can experience. When it comes to memorializing someone after their death, most people think of planning funerals and/or...