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Tesla's Real-Time Strategy Surpasses BYD's In Terms Of Sales Efficiency In China

Tesla's aggressive, real-time supervision of its sales personnel in China is giving its stores a competitive advantage against dealerships offering BYD and other brands in the largest car market in the world, according to report quoting information from sources with knowledge of the situation....

Tesla Breaks Records In Q4 Sales, But BYD Of China Takes The Top Rank Among EVs

While hitting its 2023 objective and exceeding market expectations, Tesla produced a record number of electric vehicles in the fourth quarter, but China's BYD overtook it as the leading EV manufacturer.   In the October to December quarter, Tesla delivered 494,989 EVs; this was less than the...

The Greatest Sales Decline In 22 Years Pushes Apple's Shares Below Its Top Tech Peers In 2023

Although Apple's stock experienced a surge in 2023, the company's revenue declined for four consecutive quarters, a performance that was eclipsed by all of its mega-cap tech competitors. Since the 2001 dot-com bust, this is Apple's longest slide of its kind.   A portion of Apple's issues...

With 96 Successful Rocket Launches In 2023, SpaceX Breaks The Previous Record

At a scorching average launch tempo of every four days in 2023, Elon Musk's SpaceX achieved 96 successful orbital rocket launches, smashing the previous annual record.   This year, SpaceX surpassed its previous year record of 61 orbital missions in 2022 with 91 launches using its Falcon 9...

Google Resolves $5 Billion Tracking Lawsuit In "Private Mode"

Google has reached a settlement to resolve a US lawsuit alleging that it violated customers' privacy by tracking them even while they were using "private mode" for their browsing. The parent business Alphabet, the world's most popular search engine, was sued for at least $5 billion.   Big...

Huawei Expects 9% Revenue Increase In 2023 Due To The Surge In Smartphone Sales

The Chinese electronics giant Huawei Technologies anticipates sales topping 700 billion yuan ($98.5 billion) for 2023, according to reports based on comments from rotating chairman Ken Hu in an internal new year message.   The statistic shows a revenue gain of about 9% from the 642.3 billion...

Deliveries From Tesla Will Break Records But Fall Short Of Musk's Expectations

Tesla is predicted to report another record-breaking quarter in EV sales, while it is probably going to fall short of the high internal target of 2 million vehicles annually that CEO Elon Musk announced at the start of the year.   In response to declining sales, Tesla cut the prices of its...

SoftBank Receives A Windfall Of $7.6 Billion From T-Mobile

The announcement that SoftBank Group Corp was going to get shares in T-Mobile US valued at about $7.59 billion at no additional cost caused a 5% increase in the Japanese conglomerate's stock.   The conglomerate of Masayoshi Son announced late on Tuesday that it had instructed T-Mobile US to...

Apple Files An Appeal After The Biden Administration Approves The US Import Restriction On Watches

Following the administration of U.S. President Joe Biden's decision to not override a federal tribunal's decision to prohibit the importation of its watches due to a complaint by the medical monitoring technology business Masimo, Apple has launched an appeal.   Additionally, the internet...

Nike Announces A $2 Billion Savings Plan And Lowers Sales Forecasts Due To Erratic Demand

Nike said it planned to reduce supplies of major product lines in order to control costs, sending its shares down 11%. The company also lowered its year sales projection, citing cautious consumer spending, a weaker online business, and increased promotions.   Over the next three years, the...

Micron's Stock Rises In Anticipation Of A Speedier Recovery In Chip Demand

The stock of chipmaker Micron Technology surged 7% following its forecast of a robust reversal in the supply-demand balance for flash storage and memory in 2024.   The company reported quarterly results on Wednesday that were better than expected by the market and indicated that memory chip...

Hyperloop One, The High-Speed Transportation Company, Is To Close Down

As a result of not being awarded a contract to construct a functional hyperloop, high-speed freight transport business Hyperloop One will close, according to a Thursday Bloomberg News story citing people with knowledge of the situation.   According to the source, the Los Angeles-based...
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