Get the latest tech news

Tesla layoffs, Cybertruck recalls and Serve Robotics goes public

Tesla is back in the news cycle and our crystal ball says it's one of those long-term affairs. The week began with layoffs and ended with a recall.

Found Energy, a startup that uses waste aluminum to generate heat and hydrogen, raised a $12 million seed round, but Tim De Chant’s story on the company is about so much more. Getir, a Turkish delivery company that was once worth $12 billion, is reportedly weighing asset sales and exits from non-core markets as investors put the pressure on to cut losses. These changes in general, and the layoffs in particular, are made more stark by Tesla’s proxy statement that calls on the board to reinstate Musk’s $56 billion payout, which a Delaware judge earlier this year voided.

Get the Android app