dan ives

Tesla delivered its first Cybertrucks on Thursday afternoon in Austin, Texas, four years after the dystopian electric vehicles were unveiled. Musk kicked off the delivery event by driving a Cybertruck up next to a crowd of people, standing on top of the car, and giving a speech in the dark. The top-end Cybertruck costs roughly $100K (320mi), and ships in 2024 along with an $80k (340mi) model with less features. The entry-level model will cost $61K (250mi), but doesn’t ship until 2025.“Even AI Rappers are Harassed by…

Tesla reversed course on its initial claims to sue Cybertruck resellers if they flipped their car within the first year of purchase. The first Cybertrucks, which start shipping out on Nov. 30th, will no longer have the strict penalties tied to reselling that they once did.Did Elon Musk Regret Buying Twitter? | Walter Isaacson InterviewElon Musk’s car company originally included a “For Cybertruck Only” clause in its U.S. order agreement stating customers may not resell their vehicle within the first year of delivery, and…

Tesla Inc. TSLA 7.78% shares rallied after Elon Musk struck an upbeat tone about demand for the company’s vehicles and its ability to navigate a potential economic downturn.  Shares leapt more than 8% to $156.72 in Thursday morning trading and are up 27% year to date. The stock is bouncing back after suffering its worst performance ever last year and is on pace for its largest percent increase since July…

Salesforce is laying off about 10 percent of its workforce in the latest round of job cuts in the tech industry as corporations cut back on software and other spending. The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday. "The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions," said CEO Marc Benioff in a letter to employees. "With this in mind, we've made the very difficult…

Photo: Michael M. Santiago (Getty Images)Rivian, the Amazon-backed electric vehicle upstart and long-rumored Tesla killer once valued at $100 billion just had to recall nearly every vehicle it’s ever made.The company says it will recall nearly 13,000 vehicles over an “insufficiently torqued fastener,” that could, in some cases, potentially disrupt steering leading to an increased risk for crashes. In less serious cases, the issue reportedly leads to excessive noise and vibration to emit from the vehicle’s front…

Tesla Inc announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries. The top electric car maker said "it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost," but some analysts were also concerned about demand for high-ticket items due to the weakening global economy. "The economy around the edges is still having a negative impact for Tesla that's mostly logistical. But that I think there…

The FBI informed Twitter Inc of at least one Chinese agent working at the company, US Senator Chuck Grassley said during a Senate hearing where a whistleblower testified, raising new concerns about foreign meddling at the influential social media platform. Peiter "Mudge" Zatko, a famed hacker who served as Twitter's head of security until his firing in January, said some Twitter employees were concerned the Chinese government would be able to collect data on the company's users.Read Also Twitter has come under fire…

Twitter Inc. blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has worried Twitter's advertisers and caused chaos inside the company. Advertising revenue rose just 2% to $1.08 billion, missing Wall Street expectations…