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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high).

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Polestar to open first US stores in the second half of 2020

TechCrunch LA

retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market. The 2021 Polestar 2 is the first EV to come out of Polestar since it was recast as an electric performance brand in 2017.

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Tesla Model Y orders are now open

TechCrunch LA

.” Under that timeline, deliveries wouldn’t begin until late 2020 or possibly early 2021. There are other clues on the order page, including that the seven-seat interior won’t be available until 2021. Tesla CEO Elon Musk unveiled the Model Y on Thursday night at the Tesla Design Studio in Los Angeles.

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Shareholders approve Bird-SPAC merger, stock promptly falls

TechCrunch LA

first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration. That’s precisely what the company will be worth in light of Switchback II’s share price declines, but the number could be lower than the headline figure from early merger disclosures. billion for Bird when it began to trade.

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Faraday Future Delays Quarterly Filings After Short Seller Report

socalTECH

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".

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Playhouse is TikTok meets Zillow for the next generation of homeowners

TechCrunch LA

The feed shows videos of homes on the market, as well as a price tag. As you scroll, you can guess whether the price Playhouse showed you is higher or lower than the actual listing price, helping to educate future buyers about the market (… and also it’s fun, even if you’re not looking to buy a $2 million home in San Francisco).

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Canoo Teases Electric Pickup Truck

socalTECH

Los Angeles-based Canoo, the now public developer of electric vehicles, has rolled out plans for an electric pickup truck, which it promises to deliver as early as 2023. The company said a production version of the truck will open for preorders in Q2 of 2021. Pricing on the new pickup truck was not announced.