Investors like Amazon and BlackRock are betting these 10 EV startups have the best chance of becoming the next Tesla

* Tesla's soaring stock price has amplified the excitement around electric vehicles (EVs), leading to IPOs and fresh rounds of funding for startups that hope to replicate Tesla's success. * But investors have been placing their bets on the next generation of EV startups for years, pouring, in some cases, billions of dollars into companies that say their vehicles will set new benchmarks in the auto industry. * Below are the 10 electric-vehicle startups that have received the most money, according to Pitchbook. * While Nio has raised more money than many of the startups on this list, it was excluded since it went public and started making vehicles in 2018. * Visit Business Insider's homepage for more stories. SEE ALSO: The quirkiest vintage gas stations you can still visit on a road trip, from a photographer who spent 40 years documenting whimsical roadside attractions across the US 10. Canoo * Total capital raised: $1 billion * Most recent valuation: N/A 9. Lucid Motors * Total capital raised: $1.2 billion * Most recent valuation: N/A since 2009 8. Singulato Motors * Total capital raised: $1.2 billion * Most recent valuation: N/A 7. Byton * Total capital raised: $1.2 billion * Most recent valuation: N/A Byton announced a six-month pause of its operations in June. 6. Youxia Motors * Total capital raised: $1.3 billion * Most recent valuation: $1.9 billion 5. Li Auto * Total capital raised: $2 billion * Most recent valuation: $4.1 billion 4. Xpeng * Total capital raised: $4.1 billion * Most recent valuation: $4 billion 3. Faraday Future * Total capital raised: $4.4 billion * Most recent valuation: $4.4 billion 2. WM Motor * Total capital raised: $5 billion * Most recent valuation: N/A 1. Rivian * Total capital raised: $6 billion * Most recent valuation: N/A * Read more: * The CEO of Lucid Motors reveals the important lesson his former boss Elon Musk taught him about leadership * The CEO of EV startup Rivian explains why he thinks it will beat Audi, Mercedes-Benz, and BMW with its first 2 electric vehicles * Tesla, Nikola, Rivian, GM, and more are set for a battle over the huge new demand for electric trucks, buses, and vans * Trump says he personally urged Elon Musk to build Tesla's new $1 billion factory in Texas
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Apple has backed down in its latest developer fight, apologizing to WordPress after it pressured the website-builder to add in-app payments

* Apple has apologized after it tried to force WordPress to add in-app payment options to a free app. * WordPress' founder said on Friday that Apple was refusing to allow any updates to the WordPress iOS app until the website builder added in-app purchases, from which Apple takes a 15-30% commission. * Apple is in a fierce fight with developers including "Fortnite" maker Epic Games and Spotify over its rules on in-app purchases. * Visit Business Insider's homepage for more stories. Apple has backed down in its latest skirmish with a developer over its App Store rules. The tech giant on Sunday issued a rare apology to WordPress after it pressured the website builder to add payment options to its free iOS app, or else be blocked from updating. "We believe the issue with the WordPress app has been resolved," an Apple spokesman told The Verge. "Since the developer removed the display of their service payment options from the app, it is now a free st...

SpaceX has a 'go' from NASA to return 2 astronauts to Earth on Sunday as Hurricane Isaias threatens several Florida splashdown locations

* NASA on Saturday gave SpaceX a "go" to undock the company's first crewed space mission, called Demo-2, and land it on Sunday evening. * Hurricane Isaias complicated original plans to return two astronauts to Earth aboard SpaceX's Crew Dragon spaceship in the Atlantic Ocean. * Elon Musk's aerospace company may now try to splash down NASA astronauts Bob Behnken and Doug Hurley in the Gulf of Mexico. * Two out of seven total landing sites near Florida must have good weather conditions, and NASA has until about 5 p.m. ET on Saturday to call off the undocking. * Should the weather worsen, NASA and SpaceX can try again a day later or some other date over the next two months. * Visit Business Insider's homepage for more stories. Astronauts Bob Behnken and Doug Hurley have a "go" to return to Earth this weekend and wrap up an historic space mission for both NASA and SpaceX. Behnken and Hurley launched to orbit aboard SpaceX's Crew Dragon vehic...

What an independent contractor actually is and how it's classified under California's Assembly Bill 5, the gig worker law Uber, Lyft, and others are fighting with a November ballot measure

* California's Assembly Bill 5 (AB5) went into effect in January, adopting a narrow definition of independent contractor that forces Uber and other gig economy businesses to choose between reclassifying workers as employees or risking significant liability for misclassification. * The law serves as a reminder to California businesses to be careful when classifying workers as contractors. * Classifying independent contractors falls into two main categories: the "right to control" test (often called the "IRS test") and the tougher "ABC test" recently adopted in AB5. * Uber, Lyft, and DoorDash have recently poured $30 million into Proposition 22 — a ballot measure intended to exempt major ridesharing and food delivery companies from AB5. If California residents vote the measure into effect in November, Uber and Lyft can continue classifying drivers as contractors. * Visit Business Insider's homepage for more stories. In September 2019, Californ...

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