Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the
Hyundai Motor Group has shared details of the development of an autonomous lunar exploration rover it is designing with Korean aerospace partners to one day navigate the surface of the moon. The Group is aiming to deliver a launch-capable model utilizing Kia and Hyundai technologies by 2027. Hyundai Motor Group’s journey beyond the land, sea,
10:37 AM ET Associated Press LONDON — British boxer Conor Benn has been charged with the alleged use of a prohibited substance, British anti-doping authorities said on Thursday. UK Anti-Doping said the 26-year-old Benn was charged on April 3 for using clomifene, a female fertility drug that is on the WADA’s list of banned substances
Markets in Crypto-Assets (MiCA) is the first attempt at creating comprehensive regulation for digital assets in the EU. Sopa Images | Lightrocket | Getty Images Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. In a vote Thursday, the EU Parliament voted 517 in
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries. Christian Marquardt –
Citing a massive consumer demand overseas, Ford is expanding its ultra-popular F-150 Lightning to markets outside the US for the first time, beginning in Norway. Ford says it will kick off its entry to Europe with a limited number of F-150 Lightning Lariat Launch Editions, equipped to handle Norway’s snowy terrain, as you’ll see in
Elon Musk announced again that he believes Tesla might achieve “full autonomy” this year, but it is not even clear what this means at this point. Over the years, Musk has so often claimed that Tesla was on the verge of achieving “full self-driving capability” that it is hard to believe him now. It’s not
A Welsh rugby player has announced he is stepping back from the sport to prioritise his mental health. Ospreys scrumhalf Harri Morgan said in a statement that he had tried to take his own life in February. In an Instagram post captioned “MY STORY”, the 23-year-old revealed he was taking medication for stress and anxiety
3:20 AM ET Andrew LopezESPN DENVER — As Jamal Murray headed to the bench after recording his fifth 40-point game in the playoffs, he soaked in the admiration of the sold-out Ball Arena crowd. His other four 40-point playoff games came during the bubble in Orlando in the 2020 playoffs. This one was different. With
Elon Musk has threatened to sue Microsoft for allegedly using Twitter data without permission. The billionaire’s warning, via a tweet, came after the tech giant revealed it would drop his social media site from its corporate advertising platform. Microsoft‘s service uses AI to help ad buyers manage their social media accounts in one place. Musk
SpaceX is to make a second attempt on Thursday to carry out the first test flight of Starship, the most powerful rocket ever built, designed to send astronauts to the Moon, Mars and beyond. A planned liftoff Monday of the gigantic rocket was aborted less than 10 minutes ahead of the scheduled launch because of
The King has made a personal apology to the Queen’s former bridesmaid Lady Pamela Hicks for not inviting her to the coronation. Lady Pamela, 94, will not be at Westminster Abbey on 6 May – but her daughter said she “was not offended at all” by the snub. The family received a phone call from Buckingham
6:32 PM ET Louisiana wide receiver and NFL draft prospect Michael Jefferson was released from the hospital on Wednesday after being struck by a drunk driver on April 9. Jefferson, who was considered a potential middle-rounds pick in the NFL draft, is expected to miss this season, but doctors believe he should be able to
5:36 PM ET Associated Press Lawyers representing more than 40 former team employees are asking the NFL to make the sale of the Washington Commanders contingent on Dan Snyder not suing people who participated in various investigations. Attorneys Lisa Banks and Debra Katz made the request in a letter sent to league commissioner Roger Goodell
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images For years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from
Tesla has released an update on its Cybertruck production program and shared new pictures of the production line and testing. There are many eyes on the Tesla Cybertruck production program. It is expected to have a significant long-term impact on the EV industry and the pickup truck market. Most recently, Tesla has indicated that it
Tesla has reported a massive increase in energy storage deployment in Q1 2023, thanks to its new Megafactory producing a lot of Megapacks. The company’s energy storage business doesn’t get nearly as much attention as its electric vehicle business. And that’s for a good reason – the former is still only a fraction of the
Tesla has just released its Q1 2023 earnings report amidst several price drops since the beginning of the year. This left investors questioning how these drops would affect margins, and Tesla has an explanation, but it’s perhaps only a partial one. In a nod to the question on everyone’s lips, Tesla’s earnings report starts off
Elon Musk announced that Tesla is planning to hold a Tesla Cybertruck delivery event at the “end of the third quarter.” The Tesla Cybertruck is one of the most anticipated Tesla products and also one of the most delayed. Now, it is finally going into production in the coming months, and Tesla gave an update
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Twitter CEO Elon Musk threatened to sue Microsoft on Wednesday, accusing the software giant of illegally using the social media company’s data to train its artificial intelligence model. Musk’s threat by tweet came after Mashable and other publications