Tesla is dropping prices of unsold Model Y SUVs in the U.S. by thousands of dollars in an attempt to clear out an unprecedented backlog of inventory.Many long-range and performance Model Ys are now selling for $5,000 less than their original price, while rear-wheel drive versions are seeing even bigger cuts of more than $7,000.The discounts come as Tesla once again made far more vehicles than it sold in the last quarter. The company built 433,371 vehicles in the first quarter but only shipped 386,810, likel ...

Reuters reported on Thursday that Google’s parent company, Alphabet, is exploring the possibility of buying Boston-based HubSpot, a CRM and marketing automation company with a market cap of over $33 billion – a number that has been climbing on those reports.If such a deal were to happen, the cost would likely be pretty substantial, involving some significant premium over the current value. It would have to be to motivate the company to sell and become part of the search giant. It’s worth noting that the two ...

Ford announced Thursday that it’s delaying the production of two electric vehicles, a next-generation EV pickup and a three-row EV SUV. The pair are now slated to arrive in 2026 and 2027, delays of one and two years respectively. In their place, the automaker will be introducing hybrids across its U.S. lineup.Ford’s CEO has been telegraphing the delays for months. Last fall, it postponed $12 billion in planned investments. Then on an earnings call in February, CEO Jim Farley said, “Hybrids will play an incr ...

For every tech success story, there are countless projects that slam headlong into the brick wall of reality. Apple’s electric vehicle ambitions are one of the most recent — and, frankly, best — examples of a project failing in spite of seeming to have everything going for it.The jury is still out on the ultimate fate of the Vision Pro, but at the very least, Apple’s mixed reality headset demonstrates that the company isn’t afraid to keep trying where pretty much everyone else has failed. With the Apple Car ...

Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being.The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right to trigger a 48-hour demand for payment and can boot Faraday Future if it doesn’t pay up. If Faraday Future makes its payments, it can stay in the building until September 2025 when the lease expire ...

Meta is denying that it gave Netflix access to users’ private messages. The claim recently began circulating on X after X owner Elon Musk amplified multiple posts about the matter by replying “Wow” and “Yup.” The claim references a court filing that emerged as part of the discovery process in a class-action lawsuit over data privacy practices between a group of consumers and Facebook’s parent, Meta.The document alleges that Netflix and Facebook had a “special relationship” and that Facebook even cut spendin ...

AT&T resets account passcodes after millions of customer records leak online US telco giant takes action after 2019 data spillPhone giant AT&T has reset millions of customer account passcodes after a huge cache of data containing AT&T customer records was dumped online earlier this month, TechCrunch has exclusively learned.The U.S. telco giant initiated the passcode mass-reset after TechCrunch informed AT&T on Monday that the leaked data contained encrypted passcodes that could be used to access AT&T custom ...

Nvidia could be primed to be the next AWS There are a lot of parallels in the two companies' growth trajectoriesNvidia and Amazon Web Services, the lucrative cloud arm of Amazon, have a surprising amount in common. For starters, their core businesses emerged from a happy accident. For AWS, it was realizing that it could sell the internal services — storage, compute and memory — that it had created for itself in-house. For Nvidia, it was the fact that the GPU, created for gaming purposes, was also well suite ...

Apple’s iPhone antitrust lawsuit: Everything we know so far on the DOJ’s case U.S. regulators are accusing Apple of operating like a monopoly, and the implications of the case stretch far beyond iOS and iPhones themselvesApple’s antitrust scrutiny has reached a fever pitch. The U.S. Department of Justice announced Thursday that it filed a lawsuit accusing the company of behaving like a monopoly in locking in iPhone customers and limiting competitors building hardware and software. The lawsuit, which comes o ...

Three years after a hacker first teased an alleged massive theft of AT&T customer data, a breach seller this week dumped the full dataset online. It contains the personal information of some 73 million AT&T customers.A new analysis of the fully leaked dataset — containing names, home addresses, phone numbers, Social Security numbers, and dates of birth — points to the data being authentic. Some AT&T customers have confirmed their leaked customer data is accurate. But AT&T still hasn’t said how its customers ...