4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Elon Musk foreclosing on former home of actor Gene Wilder
Tesla's CEO sold the home, which is down the street from where Lee Iacocca used to live, in 2020 when he was getting rid of some possessions......»»
Tesla Cybertruck: everything we know
Tesla's head-turning Cybertruck is hitting the streets, but not without controversy. Here's everything you need to know about the Tesla Cybertruck......»»
Tesla VP of finance exits: EV maker ‘not for the faint of heart"
Sreela Venkataratnam is the fourth executive to depart in five months, and Tesla has several challenges to overcome before the end of the year......»»
Ford dials back EV spending in costly pivot
Ford will now focus its efforts on hybrids as well as a flexible EV platform from a team led by former Tesla engineers. That will underpin a midsize pickup in 2027......»»
Xiaomi, eyeing Europe, will swallow EV losses to join Tesla in big leagues
Xiaomi’s founder Lei Jun has pledged to invest $10 billion to make EVs as the company aims to become one of the world’s top five automakers. .....»»
Ford, VW could face fines for missing EU"s 2025 CO2 goals amid EV market slowdown
Geely and Tesla are below their EU-mandated targets. Toyota is the closest to reaching its goal, while Ford and VW Group face the biggest gap, according to a study......»»
Fiery Tesla Semi crash in California draws NTSB probe
The Tesla Semi ran off the road on Interstate 80 near Emigrant Gap, Calif., around 3 a.m. Aug. 19. No one was injured, but the vehicle caught fire and ignited nearby brush, closing the freeway in both directions for several hours......»»
Tesla issuing new recall for 9,100 Model Xs over trim issue
Tesla is issuing a new recall for 9,100 Model Xs over a trim issue......»»
Stellantis CEO Carlos Tavares to visit U.S. to create plan to reverse lagging profit, report says
Tavares' visit to Detroit during his summer break will seek to reassure employees and investors that he intends to fix the automaker's struggling North American operations......»»
Tesla has released a cheaper Model 3 — and I really hope it comes to the U.S.
Tesla has taken the wraps off of a cheaper Model 3, but for now, it's only available in Mexico. That's a shame -- I really hope the vehicle makes it to the U.S......»»
Mazda incentives soar, putting pressure on profits, upmarket move
Spiraling incentives nearly wiped out Mazda's operating profit in the latest quarter, as the company spent more to sell more. Volume and market share are growing. But it comes at a big price, with U.S. spiffs nearly double their level a year ago......»»
New iPhone 16 survey proves that it’s time for larger displays
Today the findings of a new survey reveals what buyers are looking for ahead of the iPhone 16’s launch. One of the key takeaways? Apple knows what it’s doing by betting on larger iPhones for the upcoming 16 Pro lineup. more….....»»
Texas judge who bought Tesla stock won’t recuse himself from X v. Media Matters
Judge dismisses Tesla/X link, accuses Media Matters of seeking "backdoor recusal." Enlarge (credit: Getty Images | SimpleImages) A federal judge who bought more than $15,000 worth of Tesla stock has rejected a motion tha.....»»
Apple"s iPad 9th Generation plunges to record low $199 at Amazon & Best Buy
This $199 iPad deal delivers the lowest price on record for Apple's 9th Generation tablet, with Amazon and Best Buy engaged in an aggressive price war.Apple's iPad 9th Gen drops to lowest price ever.The Monday morning price drop can be found at both.....»»
Average dealership pretax profit slipped 33% in the first half of 2024, report says
The report from Presidio Group and NCM Associates also found the typical dealership hasn't reduced expenses quickly enough amid profitability declines......»»
Some Tesla customers complain they got dirty Cybertrucks
After reservation holders waited more than two years longer than promised, some Cybertrucks have been delivered with dirt, mud and spots on the stainless-steel body......»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Study shows companies can profit by aligning financial goals with social aims
International research involving Monash University has shown that businesses can achieve financial success by embracing critical global issues such as climate change, poverty, human rights violations and medical breakthroughs as a core mission......»»
How to seamlessly switch from Google Photos to iCloud Photos
Apple and Google have announced a new tool to import photos from Google Photos to iCloud Photos on Apple platforms. Here's how to use it.Apple and Google Photos.The collaboration is part of the non-profit Data Transfer Initiative (DTI) and its predec.....»»