TechCrunch Industry News

Shares of American electric car company Tesla are sharply higher again this morning, adding $122.40 (or 15.69 percent ) to their value before regular trading today. The gains come after Tesla has rapidly added value in recent days, including a nearly 20 percent gain yesterday during regular trading; shares of the company were worth around $560 a week ago. Today they are valued at around $900. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rocket Lab is proceeding as planned with its efforts to recover and reuse spent rocket boosters from its Electron launch vehicle, and has completed its first prototype parachute for use in the recovery process. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today after the bell, Alphabet reported its fourth-quarter and full-year financial results. The company’s revenue grew from $39.3 billion in 2018 to $46.1 billion in 2019. The firm’s net income also expanded from $8.9 billion to $10.7 billion over the same time frame. The figures, when compared to expectations, were mixed. Alphabet beat analyst estimates on profit, but missed on revenue. Shares of the company are off around 4% in after-hours trading, following its disclosure. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Truecaller, one of the world’s largest caller-identification service providers, has amassed 200 million monthly active users and is increasingly proving that it can turn a profit, it said Tuesday. The Swedish company has doubled its user base since February of last year, when it had about 100 million monthly active users. The firm took nine years to reach its first 100 million users, but just one more to double it. Its recent 50 million users joined the platform in the last five months. Learn more about your ad choices. Visit podcastchoices.com/adchoices

NASA has awarded Maxar an estimated $142 million contract to demonstrate in-orbit spacecraft refueling and assembly of new components using a custom robotic platform in space. The space infrastructure dexterous robot, or SPIDER, program will be part of NASA’s Restore-L mission to demonstrate automation of proposed orbital tasks like reconfiguring or repairing a satellite or manufacturing new components from scratch. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The millennial obsession with wellness and self-care has led to a booming business for meditation apps. In the first quarter of 2018, app intelligence firm Sensor Tower had reported the top 10 “self-care” apps had pulled in some $27 million in revenue. Fast-forward to the end of 2019, and the numbers have gotten much higher. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gabi, a startup built to help consumers save money on home and auto insurance, announced today that it has closed a $27 million Series B. The company intends on using its new capital to rapidly expand its team and invest in its product. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Flexibits, the company behind popular calendar app Fantastical, is releasing Fantastical 3.0 on all platforms today — macOS, iOS, iPadOS and watchOS. New features include event proposals, interesting calendars, new calendar views and weather forecasts. I’ve been using the app on my Mac, iPhone and iPad for a week. The main difference with Fantastical 2 is that the app is now exactly the same across all platforms. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today after the bell, Apple reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion. At the same time, the company’s per-share profit of $4.99 was greater than the market-anticipated figure of $4.54 per share. In immediate trading following the news, Apple’s stock is up several points. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Apple’s increasing focus on its services business seems to be paying off, with the company reporting a record $12.7 billion in services net sales during the first quarter of its fiscal year — a year-over-year increase of roughly 17%. Services includes existing offerings like iCloud and Apple Music, as well as a number of new subscriptions that Apple has launched in the past year, such as Apple Arcade and Apple TV+. Learn more about your ad choices. Visit podcastchoices.com/adchoices