Daily Crunch: Tesla unveils its futuristic Cybertruck
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1. Behold, the Tesla Cybertruck is here
Elon Musk has unveiled a vehicle that looks like it was ripped straight out of a post-apocalyptic science fiction movie.
The Tesla Cybertruck is made of cold-rolled steel, armored glass (which cracked in one demonstration at yesterday's event) and adaptive air suspension. The cheapest version - a single-motor and rear-wheel drive model - will cost $39,900.
2. Twitter will finally let you turn on two-factor authentication without giving it a phone number
After countless tales of people having their phone numbers and inbound messages hijacked by way of SIM swapping, it's clear that SMS just isn't the right solution for sending people secondary login codes. And yet for many years, it's been the mandatory go-to on Twitter - you could switch to another option later, but you had to give Twitter a phone number to turn it on in the first place.
3. Y Combinator abruptly shutters YC China
Startup accelerator Y Combinator has abandoned plans to establish a branch in China. The company cites a general change in strategy, but the firm's silence on the complexity and controversy of working with China right now suggests there's more at play.
4. Hyundai and Seoul set to test self-driving cars on city roads starting next month
Seoul will provide smart infrastructure to communicate with the vehicles, including connected traffic signals, and will also relay traffic and other info as frequently as every 0.1 seconds to the Hyundai vehicles.
5. Alphabet's X details a garbage-sorting bot that's part of its plan to make robots an everyday thing
X - formerly Google X - focuses exclusively on ambitious "moonshots," a.k.a. tech you'd expect to find in science fiction (a recurring theme in today's newsletter), not a real product in development. For example: A robot that can sort through office trash.
6. OutVoice officially launches its freelancer payment tools
The startup, which allows editors to pay freelance writers and photographers with the push of a button, has also raised seed funding from content monetization startup Coil.
7. Morgan Stanley's 'Teflon banker' talks direct listings and much more
Michael Grimes, a banker for 32 years - 25 of them with Morgan Stanley - has played a role in the IPOs of Salesforce, LinkedIn, Workday and hundreds of other companies. In an interview, Grimes told us why he supports direct listings. (Extra Crunch membership required.)
