Tuesday, October 3, 2017

Tesla's Model 3 production lags. It's The Daily Crunch.

THE DAILY CRUNCH
TUESDAY, OCTOBER 3 2017 By Darrell Etherington

Tesla misses on Model 3 production, Snapchat puts the AR in art and Uber's due diligence seems questionably diligent. All that and more in The Daily Crunch for October 3, 2017.

1. Tesla only made 260 Model 3s last quarter

Tesla had suggested it could make as many as 1,500 Model 3 vehicles in Q3, 2017 – but instead it made only 260, vastly undercutting its target. The shortfall wasn't due to any fundamental problems, however, Tesla said.

Fundamental problems or no, Tesla has to rectify this production bottleneck and get Model 3 vehicles out if it wants to reassure investors: The stock took a hit already this morning.

2. Snapchat launching AR art installations

Snapchat wants to make ARt a thing (get it?) and it's enlisting that balloon animal artist to help make it happen. More power to you Snapchat – I doubt this is going to be much of a thing, but more power to you.

3. Uber's Otto due diligence report is pretty damning

The due diligence report Uber conducted before acquiring Otto is now available, and it doesn't look great for Uber or Otto founder Anthony Levandowski. The documents basically highlight that Uber was focused on whether confidential materials were taken from Google. The document reveals that some information was taken, though not where it ended up.

4. Ajit Pai confirmed as FCC Chairman

Ajit Pai is no longer acting FCC Chairman – he's now Chairman proper after a Senate confirmation. Bad news for net neutrality advocates, but not unexpected.

5. Former 500 Startups partners form new fund

The 500 Startups fiasco around founder Dave McClure continues to have fallout, but this might be the good kind: Former partners have founded a new fund called Hustle Fund, with the goal of opening up investment to non-traditional companies.

6. Oakland Athletics allowing iPhone tap to enter for stadium access

NFC-based access to MLB games? It's a thing, thanks to a new pilot with the Oakland Athletics using the iPhone's new NFC capabilities. Smart, and I hope it catches on elsewhere.

7. This might be Tesla's new electric semi truck

Tesla's all-electric semi truck is bound to be big news when it gets officially unveiled later this year, but you can take a look at what is most likely the truck itself now thanks to a spy shot. Looks very future.

Get more stories at techcrunch.com 

Newest Jobs From CrunchBoard:

SEE MORE JOBS ON CRUNCHBOARD
Post your tech jobs and reach millions of TechCrunch readers for only $200 per month
Facebook   Twitter   Youtube   Instagram   Flipboard
View this email online in your browser
If you do not want to receive this email or you would like to update your preferences click here.
410 Townsend Street, San Francisco, CA 94107
© 2017 AOL Inc. All rights reserved.   Privacy Policy   Terms of Service
                                                           

No comments:

Post a Comment