TechCrunch Mobility: Elon’s admission
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Tesla's Q1 earnings call revealed Elon Musk's admission that millions of Hardware 3 Tesla owners will need physical hardware upgrades to run a future unsupervised Full Self-Driving version, potentially requiring Tesla to build microfactories in major cities. Tesla also expanded its capex budget to $25 billion. Other highlights include Redwood Materials laying off 10% of staff amid restructuring, autonomous hauler startup Humble Robotics raising $24M in seed funding, Lyft acquiring Gett's UK business for a reported $55M, and Rivian beginning R2 production despite tornado damage to its factory.
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