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Elon Musk insists Tesla isn’t a car company as sales falter

  If you don't like what's being said, change the conversation. That's advice Don Draper of "Mad Men" once gave. And it appears Tesla ( TSLA ) CEO Elon Musk is taking it. (via finance.yahoo ) By the numbers, Tesla painted a dismal picture   through its latest quarterly results . But the stock told   a different story : excitement. New models are on the way, Musk said. And beyond that, Tesla will prosper as a pioneer in autonomous ridesharing. Shares jumped following the earnings release, and the momentum carried over into morning trading Wednesday as the stock surged as much as 14%. As Tesla car sales faltered, Musk delivered an optimistic pivot: Tesla isn't a car company.Sales fell 9% from a year ago in the most recent quarter, the first drop in four years. Operating profit tumbled more than 50% from the same period last year. Guidance, too, was a drag, as executives foresee "notably lower volume." But the market loved Tesla reassuring the world tha...
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Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

  Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “ several   unforeseen   challenges”  cut into the automaker’s bottom line. (via techcrunch ) Tesla reported revenue of  $21.3 billion  in the first quarter, a 9% drop from the first quarter of 2023.  Analysts polled by Yahoo Finance expected earnings of $0.51 per share on $22.15 billion in revenue. Tesla reported operating income of $1.2 billion in the first quarter, a 54% decrease from the same year-ago period. The company said in its Q1 earnings report that it experienced “numerous challenges” in the first quarter, including the Red Sea conflict and the arson attack at Gigafactory Berlin and the gradual ramp of the updated Model 3 at its factory in Fremont, California. Tesla also noted that global EV sales continue to be under pressure as many carmakers prioritize hybrids over EVs. On the upside, t...

Apple Cuts Vision Pro Shipments As Demand Falls 'Sharply Beyond Expectations'

 Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. (via macrumors ) Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a result, Apple is expected to take a "conservative view" of headset demand when the Vision Pro launches in additional countries. Kuo previously said that Apple will introduce the Vision Pro in new markets before the June Worldwide Developers Conference, which suggests that we could see it available in additional areas in the next month or so. Apple is expecting Vision Pro shipments to decline year-over-year in 2025 compared to 2024, and the company is said to be "reviewing and adjusting" its headset product roadmap. Kuo does not believe there will be a new...

Google fires more workers after CEO says workplace isn’t for politics

  Some employees protested the tech giant’s contract with the Israeli government. They’ve been let go.(via washingtonpost ) Google fired about 20 more workers it said participated in protests denouncing the company’s cloud computing deal with the Israeli government, bringing the total number of workers fired in the past week over the issue to more than 50, according to the activist group representing the workers. A spokesperson for Google confirmed it had fired more workers after continuing its investigation into the April 16 protests, which included sit-ins at Google’s offices in New York City and Sunnyvale, Calif. The firings come several days after chief executive Sundar Pichai told employees in a companywide memo that they should not use the company as a “personal platform” or “fight over disruptive issues or debate politics.” “The corporation is attempting to quash dissent, silence its workers and reassert its power over them,” said Jane Chung, a spokespers...

Tesla Cybertruck turns into world's most expensive brick after car wash

  Bulletproof? Is it waterproof? Ts&Cs say: 'Failure to put Cybertruck in Car Wash Mode may result in damage' (via theregister ) The perils of turning cars into computers were laid bare by a hapless Cybertruck owner who claimed his ride was rendered an $80,000 "paperweight" by something as benign as a wash. Now, we tech-savvy people are well aware that computers and water do not mix. But cars get dirty, and when you've tossed your life savings into a Cybertruck, you'd probably want to keep it looking immaculate. At the same time, we'd hesitate to hose off our motherboard even if the cat hair level was approaching critical mass. But when your car  is  a computer, what are your options? As noted by motoring zine  Jalopnik , a TikTok user going by  @captian.ad  regaled his followers with a  tale  of how he took his Cybertruck to the beach with his dogs. What sounds like a lovely day out soon turned to sorrow, however, as on the way back he stoppe...

Google fires 28 employees involved in sit-in protest over $1.2B Israel contract

  Google has fired 28 employees over their participation in a 10-hour sit-in   at the search giant’s offices in New York and Sunnyvale, California , to protest the company’s business ties with the Israel government, The Post has learned. (read more  nypost ) The pro-Palestinian staffers — who had donned traditional Arab headscarves as they stormed and occupied the office of a top executive in California on Tuesday — were terminated late Wednesday after an internal investigation, Google vice president of global security Chris Rackow said in a companywide memo. “They took over office spaces, defaced our property, and physically impeded the work of other Googlers,” Rackow wrote in the memo obtained by The Post. “Their behavior was unacceptable, extremely disruptive, and made co-workers feel threatened.” In New York, protesters had occupied the 10th floor of Google’s offices in the Chelsea section of Manhattan as part of a protest that also extended to the company’s offices i...

Israeli mayor says will name neighborhood after Joe Biden

  Haifa Mayor Yona Yahav announces he will name neighborhood in honor of US president as token of appreciation for his uncompromising support for Israel. (via ynetnews )  Haifa Mayor Yona Yahav revealed on Tuesday night that he intends to name a neighborhood in the northern Israeli city after U.S. President Joe Biden as a token of appreciation for his uncompromising support for Israel. Similarly, in June 2019, the government approved the establishment of "Ramat Trump", a community in the Golan Heights bearing the name of former U.S. President Donald Trump as an expression of gratitude for the Trump administration's recognition of Jerusalem as the capital of Israel and the recognition of Israeli sovereignty in the Golan Heights. Yahav's statement came at the traditional Passover dinner at the Sephardic House in the city where the recently reelected mayor also pledged to include Jewish studies in the curriculum of Haifa schools, aiming to bring together Jewish and Ara...