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"As the pressure on the supply chain eases, investors can point to a General Motors and say, 'They're building without a problem, why can't you?'" During quarterly earnings calls, executives at Rivian and Lucid cautioned investors of more trouble heading into 2023 as they raced to ramp up production and their logistics processes in hand. Accordingly, stock prices have been sinking from blockbuster IPO and SPAC highs, with many EV startups' shares down as much as 80% from earlier last year. Rivian reported Tuesday it fell a few hundred vehicles short of its goal to build 25,000 electric cars in 2022. If the startups want to succeed and regain investor faith, they have to get closer to meeting their numbers in 2023.
Raising capital via venture debt will be key for many startups in 2023 PM Images/Getty Images1. This is the startup playbook to follow when money is tight. Instead of getting money from investors, they're taking out multiyear loans. But investors got scared in 2022 when the tech industry started to wobble. Odds and ends:The Volkswagen ID.7 electric sedan.
Sadly, “The Witcher: Blood Origin,” Netflix’s new spinoff, is a disappointment. Not that the original “Witcher” wholly depended on Cavill as its titular lead. “Blood Origin” is the first live-action spinoff, a prequel deep-dive that chronicles how witchers came to be. Unfortunately, “Blood Origin” doesn’t do much with its excellent pieces. “Blood Origin” just feels like a side quest, something that’s only worthwhile for superfans.
The Milwaukee Public Library started its TikTok account in June. It already has millions of views and accumulated more than 85,000 followers. An older woman walks up to the library’s manga graphic-novel section. More text appears: “I’m 90.”The 12-second video produced by the Milwaukee Public Library has attracted more than 10 million views across TikTok and Instagram since November. A quick scroll through the library’s TikTok videos reveals a host of memes and pop-culture parodies featuring Wednesday Addams, Amelia Bedelia and a gaggle of “Stranger Things” cast wannabes.
The widow, alongside other soldiers, told Insider about mismanagement and dysfunction in the legion. A Foreign Legion fighter looks on at wreckage in Ukraine following a Russian attack. "When we were told to go out again, in my mind I knew someone was going to die," AJ told Insider. "How everything was handled, especially after his death, was scandalous," Lipka told Insider. Mavericks told Insider he suffers from post-traumatic stress disorder and still mourns the deaths of his comrades.
Sociologist and activist Frances Fox Piven warned the US about getting complacent after the midterms. She added that there is still a chance that the US could become a "fascist country." "The United States was well on the road to becoming a fascist country – and it still can become a fascist country." In January, noted political scientist Thomas Homer-Dixon warned that American democracy could collapse if Trump wins in 2024. Piven added that in the years to come, there will be "vengeance politics" and attacks on President Joe Biden from the right wing — particularly in a Republican-controlled Congress.
DC Films’ latest release into the endless superhero pantheon, “Black Adam,” has a lot riding on Dwayne Johnson’s muscled shoulders. Black Adam, one of the regularly scheduled villains in the comic book, was supposed to be his main antagonist. And while “Black Panther” did a great job of making its bad guy both a certifiable badass and a nuanced character, “Black Adam” fails miserably. “Black Adam” has an interesting inkling of an idea: an oppressed culture that needs to overthrow the invading white men. But the midcredit sequence in “Black Adam” unfortunately suggests studio leaders are committed to making the same mistakes all over again.
In his new book, "Revenge," Trump's former lawyer Michael Cohen accused him of being a fascist. Cohen said the US is "in danger" of losing its government to fascists who want to destroy democracy. He called Trump the "standard bearer for corrupt dictator wannabes" and a "poster boy for fascism." In his book, Cohen also accused Trump of being a "mirror into the depths of the soul of government corruption." Since his release, Cohen has become an outspoken critic of Trump and has commented extensively on the former president's many legal troubles.
As EV startups face a storm of troubles, many employees say they're losing faith in the mission. "They kept saying, 'Tesla, Tesla, the next Tesla,'" a now former supervisor at the electric-vehicle startup said. Canoo has lost several key leaders, as have Xos, Lucid, and others. Some current and former startup workers said they had a continued appetite for industry opportunities. Are you a current or former EV startup employee?
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