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Showing posts with the label Venturecapital

How sustainable diaper brand Kudos is taking on industry giants — with a Target rollout

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[ad_1] Kudos diapers founder Amrita Saigal with her daughter Courtesy: Kudos Throughout modern history, parents have only had one real option when it comes to disposable diapers: plastic. The single-use products are typically made with fossil fuels like petroleum and can take hundreds of years to break down, making them the third-largest consumer item in U.S. landfills, according to the Environmental Protection Agency.  Plus, they're not as breathable as other materials, which could make incidents like diaper rashes more common.  Still, plastic diapers from mega brands like Procter & Gamble -owned Pampers and Kimberly-Clark -owned Huggies continue to dominate the market. Amrita Saigal, founder and CEO of Kudos, is looking to change that.  The Massachusetts Institute of Technology graduate, mechanical engineer and "Shark Tank" alum developed a sustainable diaper that uses some plastic, but is 100% lined with cotton and incorporates other degradable materials like...

Tesla shares close down 5% after price cuts, Model 3 refresh

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[ad_1] A Tesla Model 3 vehicle on an auto carrier in front of a store in Rocklin, California, July 21, 2021. David Paul Morris | Bloomberg | Getty Images Tesla shares dropped 5% Friday after the electric car company cut prices on some models in the U.S. and reduced the price for its premium driver assistance software. The stock closed at $245.01. It's still up almost 100% this year after gaining 2.7% for the week. While Tesla CEO Elon Musk has said in the past that the price of Tesla's premium driver assistance option, marketed as Full Self-Driving software, would only ever go up, the company cut the price by $3,000 from $15,000 in the U.S. for customers who purchase it upfront rather than through a monthly subscription. Subscribers pay between $99 and $199 per month, depending on whether they're upgrading from a standard or other premium version. Tesla is also cutting prices for inventory vehicles in the U.S., including its entry-level Model 3 sedan, luxury Model S ...

Tesla shares dip after hours as earnings call disappoints

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[ad_1] SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023.  Alain Jocard | Afp | Getty Images Tesla reported earnings after the bell, showing a record for quarterly revenue but lower margins thanks to price cuts and incentives. The stock price remained flat after the initial report, but began dropping during the earnings call as CEO Elon Musk and other executives failed to deliver precise specs and start of delivery dates for the Cybertruck, and for a robotaxi-ready vehicle. Musk and other execs also said during the call that vehicle production would slow down during Q3 due to shutdowns for factory improvements. It's now down about 4% after hours. Here's how the company did versus expectations: Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv. Earnings: 91 cents per s...

Ex-Tesla engineer builds Aigen robots to eliminate weeds without pesticides

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[ad_1] Aigen founders: Rich Wurden (CTO) and Kenny Lee (CEO) Courtesy: Aigen The Aigen Element looks like a drafting table on rugged tires. It drives itself continuously at around two miles per hour over farmland, using an advanced computer vision system to identify crops and unwanted botanical invaders. With two-axis robotic arms positioned close the ground, the Element can flick weeds out of the way where they'll dry out before they can grow seeds and spread. The robots, which are used in a fleet and sized to meet the needs of a particular growing operation, work continuously for 12 to 14 hours at a time and never need to be plugged in. They are equipped with a lithium iron phosphate battery pack, as well as flexible solar panels which are lighter than the kind typically used on rooftops. They can even run in the dark for about four hours, or six hours in light to moderate rain — all without the emissions associated with diesel-powered farm equipment. The company behind the ...