Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance… Continua a leggere Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is… Continua a leggere Tesla’s new growth plan is centered around mysterious cheaper models

The Mercedes-Benz G-Class — the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol — has gone electric. This is, in many ways, Mercedes’ most prestigious car, a model more prized for its presence and exclusivity than its power and capability. Going electric, then, is more than an historic… Continua a leggere The all-electric Mercedes G-Class ratchets up the tech and off-road capability

The bill gives Bytedance nine months to force a sale with a 90-day extension, which is effectively a year to complete the deal. © 2024 TechCrunch. All rights reserved. For personal use only.

Glance, which operates a popular lockscreen platform targeting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with Motorola and Verizon in the U.S., with plans for a full launch in the country later this year, sources familiar with the matter told TechCrunch. The… Continua a leggere Google-backed Glance pilots Android lockscreen platform in US

With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year. © 2024 TechCrunch. All rights reserved. For personal use only.

Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of the year, ramping up its funding efforts after closing three initial deals. Madica disclosed the plans to TechCrunch indicating accelerated investing in the coming year as it… Continua a leggere Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa

Conversational AI platform Parloa has nabbed $66 million in a Series B round, a year after it raised $21 million from a swathe of European investors to propel its international growth. The German company is focusing on the U.S. in particular, and last year opened an office in New York, too. It says this hub… Continua a leggere Parloa, a conversational AI platform for customer service, raises $66M

India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels, and to stop issuing fresh credit cards, citing serious deficiencies in the bank’s IT systems and risk management practices. Kotak Mahindra Bank is India’s fourth most valuable bank. It’s also one of the… Continua a leggere RBI bars Kotak Bank from digital onboarding of customers, fresh credit cards

Hinge is adding a “Hidden Words” feature to its app, which will filter out likes with comments containing those phrases or words. It pretty much works like a mute filter on social media apps. On Hinge, users can send a message when they like a profile — that message can contain any text. Rivals, such… Continua a leggere Hinge adds a way to mute requests containing words you specify