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Tesla’s longtime CTO is stepping down

Tesla’s longtime CTO is stepping down

Longtime Tesla executive JB Straubel is leaving his post as chief technology officer after some 15 years, CEO Elon Musk announced Wednesday evening. Straubel will transition to a “senior advisor” role, according to Musk, and is not fully leaving the company. The news comes as Tesla announced a $408 million loss for the second quarter…
Tesla’s still losing money despite a record quarter for deliveries

Tesla’s still losing money despite a record quarter for deliveries

Tesla made and delivered more cars in the second quarter of 2019 than it did in any other quarter in company history, but still lost $408 million, according to a new filing with the Securities and Exchange Commission. That’s an improvement over the unexpectedly big $702 million loss Tesla posted in the first quarter of…
9 reasons the Facebook FTC settlement is a joke

9 reasons the Facebook FTC settlement is a joke

The FTC just announced the details of its settlement agreement with Facebook over years of privacy practices in violation of a previous order. To say the settlement is favorable to Facebook, even with the record $5 billion penalty, is an understatement; the company’s lawyers are probably popping champagne right about now. Here’s why. 1. $5…
Robinhood stored passwords in plaintext, so change yours now

Robinhood stored passwords in plaintext, so change yours now

Investment and stock trading app Robinhood stored some user credentials, including passwords, in plaintext on internal systems, the company revealed today. This particularly dangerous security misstep could have seriously exposed its users, though it says that it has no evidence the data was accessed improperly. Better change your password now. Sensitive data like passwords and…
Tesla focuses on service with 25 new service centers in Q2, rate of new openings to ‘increase’

Tesla focuses on service with 25 new service centers in Q2, rate of new...

Tesla is set to aggressively ramp up the rate at which it opens new service facilities, according to CEO Elon Musk’s guidance on the company’s Q2 2019 earnings call. In total, Tesla opened 25 new service centers during the quarter, and added 100 new service vehicles to its existing fleet — which is in contrast…
How startups can make the open office work, for employers and employees

How startups can make the open office work, for employers and employees

Alejandra Albarrán Contributor Alejandra Albarrán is ROOM’s Director of Design and Innovation, responsible for shaping the company’s iconic approach to creating products that make the open office open to more. The open office plan was intended to help collaboration and productivity across employees and teams while better utilizing less square feet per person. But the…
TravelPerk launches flexible refunds to help businesses save on cancelled trips

TravelPerk launches flexible refunds to help businesses save on cancelled trips

Fresh from topping up its Series C with a whopping $60 million, business travel booking platform TravelPerk is launching a new product it hopes will make customers keep singing its praises by shaving further friction off of programming work trips. The Barcelona-based SaaS startup has been on a mission to make booking business travel suck…
Tesla co-founder and CTO JB Straubel stepping down

Tesla co-founder and CTO JB Straubel stepping down

Tesla co-founder and CTO JB Straubel is stepping down from his day-to-day role as an executive at the automaker, CEO Elon Musk announced during a conference call with analysts Wednesday. Drew Baglino, vice president of technology, will take over his duties, Musk said. Straubel will stay on in a senior advisor role. “I’m not disappearing,…
Tesla has begun preparations for Model Y production at its Fremont factory

Tesla has begun preparations for Model Y production at its Fremont factory

Tesla has already started the preparations required to get production started on its forthcoming Model Y compact all-electric SUV, according to Tesla CEO Elon Musk . During his introductory comments on the automaker’s Q2 2019 earnings call, Musk noted that prep had started at its facility in Fremont, confirming a report from CNBC from March.…
Tesla ‘on track’ to begin Model 3 production at China factory by end of year

Tesla ‘on track’ to begin Model 3 production at China factory by end of...

Tesla said Wednesday that Model 3 production is on track to begin at its Shanghai factory by the end of the year — a critical milestone for the automaker if it hopes to continue to increase sales and avoid the high cost of shipping and tariffs. The Gigfactory Shanghai “continues to take shape,” Tesla wrote…