Tesla Just Folded the Cybertruck
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This week: a free app for a locked-down machine, a startup that raised $6 million and got bought in a year, and Tesla giving up on the Cybertruck.
💡 Think
One tool, idea or side hustle worth stealing from.
He bought a $300 embroidery machine. The software wanted a subscription. So he built his own app.
The machine only worked with the maker's paid app. He built a free one and posted it on Hacker News, where it got 280 points. He says AI wrote it all.
Lots of gadgets are held hostage by a subscription. Pick one that annoys you and it could be your next build.
💰 Bink
A founder who cashed out or raised.
He raised $6 million. A year later, OpenAI bought the company.
Francis Davidson started Odessia about a year ago. Sequoia led a $6 million round. Its AI travel agent launched five months back and is now shut down. Neither side shared the price, and TechCrunch says it looks like a hire-the-team deal.
It's not a huge exit. Still, an idea can be worth real money to a bigger company before it makes any.
🤦 Tilt
Business news that went sideways.
Tesla will stop making the Cybertruck in 2027. Elon Musk once said it would sell 250,000 a year.
In 2019, Tesla said it would start under $40,000. It launched near $60,000. Range fell by more than 100 miles from the promise. Since then it has sold tens of thousands, total.
A quarter million a year was the plan. My take: say your number out loud, and someone will check it.
♠️ Felt
What happened at R2F this week.
Eight new members joined the R2F community this week. We're excited to see what they build.
I also changed how the team works. In the forum, R2F Team now only answers support questions, and the welcome comes by email. The whole story is in Ship It Friday.
Join before Nov 20 and you keep the ♠ Founding member badge for good.
In case you missed it: Monday's R2F Spotlight
Doug Polk and two friends put $5,000 each into a poker school. After month two, it never lost money again. Read Doug's story
Know someone who builds things? Forward this to them.
— Art
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