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Tesla's Self-Driving Ambition In China Confronts Rivals Rushing Ahead

If Tesla is successful in introducing its "Full Self-Driving" technology to China, the world's largest automotive market, the US electric-car pioneer will move into the lead in the worldwide race towards self-driving vehicles.   Musk arrived in Beijing on a quick trip that began Sunday to...

Elon Musk Will Talk About Allowing Fully Autonomous Driving In China

According to media sources, Elon Musk is in Beijing to talk about getting Tesla vehicles in China equipped with autonomous driving capabilities.   In order to train its algorithms, Musk intends to send data gathered in China to another country and activate Full Self Driving (FSD) in that...

India's MDH Claims That Despite Quality Claims, Its Spices Are Safe

The Indian spice manufacturer MDH declared that its goods are safe to eat and that it has not heard from Hong Kong or Singapore authorities regarding any claims of product contamination.   This month, sales of three MDH spice mixes and one Everest spice mix for fish curries were halted in...

Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI

Microsoft's shares increased more than 4% in extended trading on Thursday after the firm exceeded Wall Street projections for third-quarter sales and profit. The business attributed its success to the use of artificial intelligence across all of its cloud services.   For the current quarter,...

Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise

With the announcement of Alphabet's first-ever dividend and $70 billion stock purchase on Thursday, investors were ecstatic and the stock shot up about 16% after the bell.   The parent company of Google is making a profit while building billion-dollar data centres in an effort to overtake...

TikTok Divesting Or Ban Bill Passed By US Senate; Biden Will Sign It Into Law

Late on Tuesday, the U.S. Senate overwhelmingly approved legislation that would outlaw TikTok in the country if its Chinese parent company, ByteDance, is unable to sell the well-known short video app within the next nine months to a year.   The bill was approved by the US House of...

Tesla Abandons The All-New Model 2 In Favour Of "More Affordable" Vehicles

Using its current platforms and production lines, Tesla announced that it will deliver "new models" by early 2025, retreating from earlier ambitious plans to manufacture an all-new model that was anticipated to cost $25,000.   After months of decline, during which Tesla has faced with tough...

Due To Concerns About Its Growth And Product Strategy, Tesla Is Anticipated To Report A Smaller Profit Margin

Tesla is expected to soon release its lowest gross profit margin in over six years following a wild week that includes significant layoffs, car price reductions, and investor demands for clarification on the company's product strategy.   During the conference call following the results,...

Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries

Due to declining sales and a growing price war for electric vehicles (EVs), particularly with Chinese EVs, Tesla has lowered prices in several of its major countries, including China and Germany, after lowering prices in the US.   The price reductions follow Tesla's announcement this month...

UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024

The so-called Big Six technology stocks' profit growth momentum may "collapse" during the upcoming quarters, according to strategists at UBS Global Research, who downgraded the mega-cap firms' rating on Monday.   The "Big 6 TECH+" stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and...

Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks

When U.S. automakers Ford and General Motors release their first-quarter earnings next week, they will both be up against the same obstacle: elucidating to investors the source of future profit growth as EV growth slows.   The past year has seen a downturn in the demand for electric vehicles...

Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade

Unexpectedly, Netflix declared that it will no longer be releasing quarterly subscriber figures. This move is interpreted as a signal that years of user gains in the streaming battles are about to come to an end.   The pioneer of streaming video saw a decline in share price after reporting a...
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