Tesla becomes the most valuable automaker in the world – ProWellTech

Tesla becomes the most valuable automaker in the world – ProWellTech

Tesla reaches a financial milestone, Discord is now valued at $ 3.5 billion and we unpack the phenomenon 👁👄👁.

Here is your Daily Crunch for July 1st 2020.

1. Tesla overtakes Toyota to become the world’s most valuable automaker

In 10 years, Tesla has gone from the neophyte of the public market to the most valuable car manufacturer in the world. The electric automaker had long passed Ford and GM ratings – and in January it became the most valuable American automaker ever when its market cap reached $ 81.39 billion.

However, some automakers have remained ahead of Tesla globally, to date. Tesla shares popped up this morning and the company’s market capitalization now stands at nearly $ 208 billion, outperforming Toyota.

2. Discord now has a valuation of $ 3.5 billion and $ 100 million for a lighter sales accent on games

“It turns out that, for many of you, it wasn’t just about video games anymore,” wrote co-founders Jason Citron and Stanislav Vishnevskiy in a blog post. Discord, they said, is “a place to have authentic conversations and spend quality time with people, whether they’re catching time, learning something or sharing ideas.”

3. What 👁👄👁.fm means for Silicon Valley

In 36 hours, a diverse group of young entrepreneurs and technologists used a mysterious meme to raise over $ 200,000 for three charities in support of black people and the LGBTQ community: The Okra Project, The Innocence Project and The Loveland Foundation.

4. Facebook bans the “violent network” of far-right boogaloo accounts

Facebook took steps to remove an account network on Tuesday relating to the “boogaloo” movement, an anti-government ideology obsessed with firearms that focuses on the preparation and potential incitement of an American civil war.

5. Dear Sophie: is immigration taking place? Who can I hire?

Lawyer Sophie Alcorn outlines the current immigration landscape for a Bay Area recruiter. (Extra Crunch subscription required.)

6. The price of YouTube TV increases is $ 64.99 per month following the addition of new channels

The price hike is now one of several price hikes that YouTube TV has seen since its debut, due to rising programming costs for the TV streaming service – with the cable cutting trend now accelerating due to the pandemic.

7. NASA pays $ 51 million to small businesses with big ideas

NASA has announced its latest batch of small business grants, providing over 300 companies with a total of $ 51 million in crucial early stage funding. These “Phase I” projects receive up to $ 125,000 to help bring new technologies to market.

The Daily Crunch is ProWellTech’s collection of our biggest and most important stories. If you would like this to be delivered to your inbox every day around 9:00 am Pacific, you can sign up here.

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