Marc Tarpenning and Martin Eberhard founded Tesla, and now they’re backing the next generation of electric vehicles.

The pair is funding EV startup TELO, which is bringing a truck to market that’s roughly the size of a MINI Cooper. The whimsical vehicle, starting at $41,520, stands in contrast to Tesla’s brutalist Cybertruck. But the company is borrowing a page from Tesla’s early playbook by starting small, with plans to make just 500 units before scaling up.

The repeat founders are betting that the U.S. EV market is ready for new players and products. “This goes back to Steve Jobs, who said you have to delight the customer,” Tarpenning said.

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President Donald Trump’s new wave of tariffs went into effect shortly after midnight Friday, impacting 60 countries over alleged forced-labor violations, and prompting pushback from major U.S. trading partners.

Trump said he’s “close” to making a decision on whether to launch a “massive attack” on Iran, even as oil prices surged and the House voted again to limit his war powers.

In a lawsuit filed this week, three public pension funds accused Uber’s executives of knowingly concealing the scale of the sexual misconduct problem with its drivers, and allegedly failing to disclose nearly 400,000 incidents.

Capital One’s $51 billion acquisition of Discover last year is bringing the company a windfall thanks to a quirky financial regulation, and Truist analyst Brian Foran thinks it’s made them an estimated $1 billion in annualized revenue. Most of it........

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