Ford reorganizes leadership as EV chief Doug Field exits
Ford EV and technology chief Doug Field is leaving the automaker as the company reorganizes its leadership to pursue ambitious 2029 profit and portfolio refresh targets.
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390 storiesHightouch hits $100M ARR with AI-powered marketing tools
Marketing startup Hightouch has reached $100 million in annualized recurring revenue, fueled by its AI-powered tools that help brands generate consistent, personalized content.
Airwallex enters in-person payments to challenge Stripe and Square
Airwallex is launching a point-of-sale product to enable global in-person payments, aiming to compete with Stripe and Square by leveraging its own international payment infrastructure.
Snap to lay off 16% of workforce amid AI pivot
Snap is laying off roughly 16% of its global workforce, impacting around 1,000 employees, as it pivots toward profitable growth and leverages AI to reduce costs.
Anthropic’s rapid growth puts pressure on OpenAI valuation
Some investors are questioning OpenAI’s $852 billion valuation as competitor Anthropic sees rapid revenue growth and strong secondary market demand.
Lucid Motors names Silvio Napoli as CEO, secures new funding
Lucid Motors appointed Silvio Napoli as CEO and secured new funding from Uber and the Saudi Arabian Public Investment Fund to support its vehicle production.
Inertia Enterprises partners with LLNL to commercialize fusion power
Inertia Enterprises has signed three agreements with Lawrence Livermore National Laboratory to commercialize laser-based fusion technology, which could give the startup a competitive edge over rivals.
Ascend Elements files for Chapter 11 bankruptcy
Ascend Elements has filed for Chapter 11 bankruptcy after facing insurmountable financial challenges, likely compounded by the cancellation of a $316 million government grant.
Anjuna Security’s path to recovery after two rounds of layoffs
After scaling to around 75 employees, Anjuna Security navigated two rounds of layoffs by prioritizing transparency and culture to rebuild its team and operations.
Volkswagen ends US production of ID.4 electric SUV
Volkswagen is ending U.S. production of its ID.4 electric vehicle to prioritize gas-powered SUVs, as the automaker adjusts to cooling domestic demand for EVs.
Amazon’s chip business hits $20 billion annual revenue run rate
Amazon’s chip business reached a $20 billion annual revenue run rate, while CEO Andy Jassy plans to spend $200 billion in 2026 on capital expenditures.
Used electric vehicle sales climb as new EV market struggles
Cox Automotive reports used EV sales are rising due to expiring leases and high gas prices, even as new EV sales fell some 28% after tax credits were axed.
SpaceX reportedly files for IPO with $1.75 trillion valuation target
SpaceX has reportedly filed confidential paperwork for an initial public offering, aiming to raise $75 billion at a $1.75 trillion valuation.
Anthropic leads private market demand as SpaceX IPO looms
Anthropic is the most sought-after private stock, but SpaceX’s reportedly imminent IPO threatens to absorb market liquidity, potentially disadvantaging other companies planning public offerings.
Lucid sales dip as supplier issue triggers Gravity SUV recall
Lucid reported a Q1 sales dip due to a supplier issue with second-row seats that triggered a recall of more than 4,000 Gravity SUVs, though production guidance remains unchanged.
Tesla's Texas factory workforce dropped 22% in 2025
Tesla's Austin factory workforce fell 22% to 16,506 in 2025, even as the company's global headcount increased, following two consecutive years of declining sales.
OpenAI shuffles leadership as key executives transition roles
OpenAI is reshuffling its executive team, with Chief Operating Officer Brad Lightcap moving to a new special projects role while other leaders take medical leave.
Tesla ends Model S and Model X production to focus on Cybercab
Tesla is ending production of its Model S and Model X vehicles to pivot toward the Cybercab, which faces significant regulatory hurdles before it can hit the road.
Tesla deliveries miss expectations as sales growth stalls
Tesla delivered 358,023 EVs in Q1, missing analyst expectations, as cheaper models failed to significantly boost sales and the company risks a third consecutive year of sales decline.
SpaceX files for IPO in potential $1.75 trillion listing
SpaceX has reportedly filed for a confidential IPO, potentially seeking a $1.75 trillion valuation, and expects to raise $75 billion in what could be history's largest listing.