Tesla records worst deliveries in two years amid Elon Musk backlash; Rivian starts a challenging year with a big slip in deliveries
Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs; Rivian delivered just 8,640 vehicles in the first three months of 2024, the company’s worst quarterly mark since the end of 2022. But the company says the slow start won’t impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025.
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Oracle under fire for its handling of separate security incidents
Oracle has denied at least one breach, despite evidence to the contrary, as it begins notifying healthcare customers of a separate patient data breach.
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Substack is rolling out a TikTok-like video feed in its app
Substack continues to double down on video amid TikTok’s uncertain future in the U.S. The company announced on Monday that it’s rolling out a scrollable video feed in its app, making it the latest platform to introduce a TikTok-like feed.
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IPO-bound Chime hopes to boost growth by paying higher interest rates
As it gears up to go public, Chime is going all in on new features in an effort to attract more customers. The digital bank is offering customers who agree to have their paychecks directly deposited into a Chime savings or checking account an APY of 3.75%, it tells TechCrunch exclusively.
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Amazon unveils Nova Act, an AI agent that can control a web browser
Amazon on Monday unveiled Nova Act, a general-purpose AI agent that can take control of a web browser and independently perform some simple actions. Alongside the new agentic AI model, Amazon is releasing the Nova Act SDK, a toolkit that allows developers to build agent prototypes with Nova Act.
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