Things are bad at Tesla. They’re about to get much worse.
The EV company’s sales are tanking in all major markets as its Chinese rivals are surging. But Tesla’s problems are just beginning.
Business
This Irish drone startup is aiming for a million deliveries a year
Manna has raised $30 million to fund an ambitious expansion, taking on well-funded competitors like Amazon, Alphabet and unicorn Zipline. It could be first to scale a mass drone delivery operation.
Australia’s largest pension fund sells $367M WiseTech shares on governance concerns
The divestment comes after WiseTech appointed its founder Richard White as executive chairman last month, enabling the tycoon to take back control of the company four months after quitting as CEO following a series of damaging media reports.
A founder, an investor, a CEO: 3 fast takes on this year’s federal budget
With a looming federal election and a decade of deficits forecast, Treasurer Jim Chalmers has framed this year’s budget as a “platform for prosperity” – balancing modest cost-of-living relief with broader ambitions to build economic resilience.
23andMe files for Chapter 11 bankruptcy—CEO Anne Wojcicki exits
Wojcicki said she intends to become an outside bidder to acquire the company’s assets after her earlier efforts to take 23andMe private failed.
Opthea on the brink after Phase-3 failure
Australia’s visionary eye-health company Opthea, which raised almost $1 billion to bring its eye injection to market, is fighting for survival today after the failure of its first Phase-3 trial.
Can Netflix become the Netflix of gaming?
The streaming giant has been unable to disrupt the video game market, but armed with massive resources and time, its new push to level up could leave its competitors in the dust.
Five people who could run Tesla better than Elon Musk
The EV maker is struggling as anti-Elon Musk sentiment sparks Tesla boycotts and protests. It’s not likely to happen, but who could step in if he relinquished the reins?
New data shows just how badly OpenAI and Perplexity are screwing over publishers
AI companies promised publishers their AI search engines would send them more readers via referral traffic. New data shows that’s not the case.
‘Crisis forming’ at Tesla as Elon Musk dedicates himself to DOGE, bullish analyst warns
“I loudly urge Musk and the Board to step up, stop being silent, and help resolve this crisis forming at Tesla,” wrote Wedbush analyst Dan Ives.