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Showing posts with the label Venturecapital

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