Tesla’s $700 billion market valuation still doesn’t make a lot of sense, but its automotive business continues to improve and the company also is showing early gains from holding bitcoin. Tesla generated $293 million in cash during the first quarter, a big improvement from the same quarter in the past two years, when it burned close to $1 billion each time. The company was able to achieve this...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing markets media/telecom
DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It