Tag: ceo
Elon Musk threatens to pull Tesla operations out of California and into Texas or Nevada
Tesla CEO Elon Musk said Saturday the company will file a lawsuit against Alameda County and threatened to move its headquarters and future programs to Texas or Nevada immediately, escalating a fight between the company and health officials over whether its factory in Fremont can reopen. Tesla had planned to…
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Uber pushes adjusted quarterly profit target to 2021
Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth…
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Tesla prepares to bring back 30% of Fremont factory workers in spite of county order
Tesla is aiming to ramping up ‘limited operations’ at its factory in Fremont, California, a decision that puts the company and its CEO Elon Musk in direct conflict with a stay-at-home order in Alameda County. Employees received two emails — one from Musk and another from the Valerie Workman, the…
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Uber may use its selfie tech to verify drivers are wearing masks
When Uber rolled out its selfie system for drivers in 2016, the ride-hailing company was focused on preventing fraud. In the future, it could be used to ensure drivers are wearing a mask. Uber said earlier this week — CEO Dara Khosrowshahi reiterated today — that it is working through…
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Nigeria’s Helium Health raises $10M Series A for Africa expansion
Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke Olubusi told TechCrunch. The startup offers a product…
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Andela CEO confirms staff cuts as layoffs hit African tech
Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The compensation and staff reductions are a result of…
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