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Apr 23, 2024
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it's been a rocky road for tesla this it's been a rocky road for tesla this year. it's been a rocky road for tesla this year. interest it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—off, then on tuesday it reported its first quarter earnings. the company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower—priced vehicle from affordable models —— models could be a boon for cash—strapped consumers, and worldwide like china and india. tesla's shares soared in after—hours trade. asia editor for automotive news, hans greimel says investors are encourged by the introduction of more affordable models. investors were really bracing for some bad news in this earnings
it's been a rocky road for tesla this it's been a rocky road for tesla this year. it's been a rocky road for tesla this year. interest it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—off, then on...
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Apr 23, 2024
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paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china
paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on...
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Apr 23, 2024
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let's start with tesla, because the electric car—maker has posted a sharp fall in its profits and revenue for the first three months of the year. profits are down 55%, and revenue is also lower by 9%. it's been tough several months for elon musk�*s firm,
let's start with tesla, because the electric car—maker has posted a sharp fall in its profits and revenue for the first three months of the year. profits are down 55%, and revenue is also lower by 9%. it's been tough several months for elon musk�*s firm,
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Apr 23, 2024
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we have learned tesla is laying off more than 3300 employees in california. many of them are in the bay area more than 2700 of the employees work in fremont of palo alto. that's according to the california employment development department with the remaining employees working in burbank and laugh. rop last week it was reported that tesla plan to lay off 10% of its total workforce after subpar 1st quarter sales, the layoffs will begin in the middle of june. we have reached out to tesla for comment and are waiting to get a response back. we'll take a live look outside. can see what it looks like here across the embarcadero. lots of clouds out there today. kolr grogan here now with what we can expect as we head into the evening hours. yeah. a little more of the same afraid. cool temperatures and cloudy skies out there. you can see the evening commute just getting started here in our afternoon. >> as people are heading home and the good news is these roads are dry. we don't really have any wet roads to speak up. but there is expected to be a little drizzle as we
we have learned tesla is laying off more than 3300 employees in california. many of them are in the bay area more than 2700 of the employees work in fremont of palo alto. that's according to the california employment development department with the remaining employees working in burbank and laugh. rop last week it was reported that tesla plan to lay off 10% of its total workforce after subpar 1st quarter sales, the layoffs will begin in the middle of june. we have reached out to tesla for...
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Apr 23, 2024
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although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes on to say, quote, excluding the opening wave of the covid-19 pandemic, the decline in services staffing levels in april was the most pronounced since the end of 2009. holy cow. that is the great recession. >> the house of pain. >> the house of pleasure. >> listen, the more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis. while. really bad news for the economy. remember, we need bad news for the economy because that's what cools off inflation. that's what brings us rate cuts. let's think this through. we have a host o
although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes...
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Apr 23, 2024
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let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the probability of that is slim to none, but that did cause shares to move from being up about 8% to up about 9.5%, so, the market liked that quick context, again, there was talk a few weeks ago that this whole initiative was going to be paused, and now they're talking about this being accelerated, and so, i think that has been the pivotal point on the call so far. >> all right, giving us a timeline, though maybe unbelievable you got the believers out there. thank you, gene. >> thank you. >>> moving onto pulte group. the home builder be
let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the...
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Apr 23, 2024
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plus, tesla just announced massive layoffs. how many people in the bay area will be losing their jobs? and the group leading the effort to recall alameda county district attorney pamela price issuing a demand the board of supervisors. station. >> he's calling for news 2. >> thank you for joining us here on kron. 4 news at to i'm just involvement and happening right now. there are protests at u.s. educational institutions. it's all happening today and students at uc berkeley are demanding a cease-fire in gaza and for the university to and connections with companies that are linked to israel. kron 4 s charles clifford joins us now live from uc berkeley with the latest here. thanks for joining us. >> well, good protest or nothing unusual here in the cal campus. but today a group people upset with the conflict in israel and gaza has created a sit in in the main plaza. >> for cal berkeley's sproul hall tuesday morning, protesters had set up dozens of tents along with banners and signs of support for the people of gaza and palestine.
plus, tesla just announced massive layoffs. how many people in the bay area will be losing their jobs? and the group leading the effort to recall alameda county district attorney pamela price issuing a demand the board of supervisors. station. >> he's calling for news 2. >> thank you for joining us here on kron. 4 news at to i'm just involvement and happening right now. there are protests at u.s. educational institutions. it's all happening today and students at uc berkeley are...
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Apr 23, 2024
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sure they're doing very well there any contrast that we what's happening at tesla, demand for ev's is waning. there is no secret about that. everyone's been talking about that. we can see plain as day. so look, i don't have a solution for them. i mean maybe robo taxis is a way to go. but that just seems incredibly disruptive for someone to place a big bet on that. >> charles: and admit this particular time into your point, listen, when ev makers finally said to president biden we can't do it, we have to slow down, their stock prices have gone up, their performance has gonna because americans like trucks down there like pickup trucks! >> you have one, right? >> charles: yes. mark, with seeing you. appreciated. all of this has you worried folks about getting the stock market you cannot miss my special tomorrow on foxbusiness. is called making money, is the unworkable investor townhall quiz show addition. everyone is in the market, it's time for you to get in and if you get him to do it right. i want to show you tomorrow how you key in -- you can become an breakable investor. theunissen
sure they're doing very well there any contrast that we what's happening at tesla, demand for ev's is waning. there is no secret about that. everyone's been talking about that. we can see plain as day. so look, i don't have a solution for them. i mean maybe robo taxis is a way to go. but that just seems incredibly disruptive for someone to place a big bet on that. >> charles: and admit this particular time into your point, listen, when ev makers finally said to president biden we can't do...
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Apr 23, 2024
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tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue the anti-semitism on college campuses, school presidents and their woke culture are reaping what they have sown. former trump advisor stephen miller will weigh in on the whole story. somebody has to tell me how you can retroactively steal an election in 2016 by making undisclosed payments in 2017? ask alvin bragg, i guess owe will know. my pal kevin hassett on new currency wars with japan and china. the planet is getting cleaner and biden greenies are having a bad earth day. senator john hoeven on that. first jacqui heinrich with the latest on rising anti-semitism across the u.s. jacqui, what have you got? >> reporter: since saturday columbia university decided to offer virtual classes for the rest of the semester to insure the safety of students. new england patriots
tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue the anti-semitism on college campuses, school presidents and their woke culture are reaping what they have sown. former trump advisor stephen miller will weigh in on the whole story. somebody has to tell me...
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up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. my name is teresa barber. i was in the united states navy and i served overseas in the middle east and africa. early on in my career i had a commander that taught our suicide prevention training on a friday after
up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with...
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tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue th
tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue th
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Apr 23, 2024
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a former employee claims tesla violated state law by failing to provide the required advanced 60 day notice. the suit, filed in state court in san jose, accuses tesla of acting intentionally and with deliberate interference, indifference and conscious disregard to the rights of its employees. tesla and ceo elon musk have yet to comment. >> a ruling is expected by late june from the us supreme court in a landmark case on homelessness. more than a quarter of the nation's unhoused residents are here in california. san francisco leaders will be watching this ruling closely, as ktvu christian captain reports, it's expected to impact the city's own legal battle over how to address homeless encampments. >> the supreme court of the united states heard oral arguments over how cities manage the issue of homelessness, while the case in question came from grants pass, oregon. the case is drawing attention here in the bay area. homeless advocates marched and rallied in front of san francisco's federal court building and through the streets of the city, advocates saying the case will get to the he
a former employee claims tesla violated state law by failing to provide the required advanced 60 day notice. the suit, filed in state court in san jose, accuses tesla of acting intentionally and with deliberate interference, indifference and conscious disregard to the rights of its employees. tesla and ceo elon musk have yet to comment. >> a ruling is expected by late june from the us supreme court in a landmark case on homelessness. more than a quarter of the nation's unhoused residents...
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Apr 23, 2024
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. >>> tesla is under fire. ahead on nbc bay area, we'll show you the timeline of events that make investors nervous. >>> with spring in the air, and spring cleaning and saying good riddance to some of the unwanted junk. the bay area company trying to make sure the trash ends up nowhere near our landfills. >>> and summer is not yet -- school is not yet out for the summer. but we're already thinking ahead. here at nbc bay area and telemundo 48 we're trying to help families who can't afford back-to-school basics. we're collecting backpacks and other school supplies. we've made it easy for you to help. nbcbayarea.com/donate to our schools. you can drop them off in person thursday from 2:00 to 6:00 at town and country village in palo alto. >>> elon musk's x platform is launching a dedicated app for smart tv sets. the app won't have ads, for now. that's the caveat. x didn't reveal a date for the platform's release, but says it will be coming soon to smart tvs. a lot of people are comments that the platform looks simi
. >>> tesla is under fire. ahead on nbc bay area, we'll show you the timeline of events that make investors nervous. >>> with spring in the air, and spring cleaning and saying good riddance to some of the unwanted junk. the bay area company trying to make sure the trash ends up nowhere near our landfills. >>> and summer is not yet -- school is not yet out for the summer. but we're already thinking ahead. here at nbc bay area and telemundo 48 we're trying to help...
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shorting tesla, though, that's been risky bears have lost a total $52.5 billion, shorting tesla since inipo, only two years have been profitable for short sellers this is on track to be one of them the shorts are up $9 billion this year, guys. >> how do we know how much shorts, as an agoraget, have made or lost, across these names that you mentioned i'm just wondering, how do you determine that >> so, thanks to s3 partners, great about sending us some of this data, this is mostly hedge funds, by the way. i should mention this is not a lot of retail interest they measure this based on how much is being borrowed, which they can see sort of the percentage of the float that's shorted. so, they calculate that. it sounds like they have sort of a proprietary model. i've asked that myself, tyler. they're good with coming out with some of the tyler there's a variety of different data points. the percentage of the float, so echbl though these tech names are the most widely shorted, you see certain stocks with a i hooer percentage of the float, meaning there's more short interest in those partic
shorting tesla, though, that's been risky bears have lost a total $52.5 billion, shorting tesla since inipo, only two years have been profitable for short sellers this is on track to be one of them the shorts are up $9 billion this year, guys. >> how do we know how much shorts, as an agoraget, have made or lost, across these names that you mentioned i'm just wondering, how do you determine that >> so, thanks to s3 partners, great about sending us some of this data, this is mostly...
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Apr 23, 2024
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tesla is a tech company gets cash flow from the auto company. the stock prices on weakest link, the weakest link is e-investment sales and margins. the stock imploded the past six months. it is just not making the same amount of money. they may have great ideas for the future but in order to get there they need cash from the evs but it is disappearing. >> before we go, something caught my eye, friday, fear index popped over 20. really, really high, right, but it closed under 20 that day, closed under 20 and you said that was a red flag for you. i actually thought it was good it was able to come back so quickly but you're saying no? >> i would like the vix close over 20 a day or two to signal a bottom. that is what we happened during october during the low, but we haven't gotten it. we want to hold, hold below 20 to confirm this rally. charles: before i let you go, how do you feel about the market overall? >> feel good overall. people were worried about march being a top. i don't think so. rally through year-end. charles: appreciate you, thank yo
tesla is a tech company gets cash flow from the auto company. the stock prices on weakest link, the weakest link is e-investment sales and margins. the stock imploded the past six months. it is just not making the same amount of money. they may have great ideas for the future but in order to get there they need cash from the evs but it is disappearing. >> before we go, something caught my eye, friday, fear index popped over 20. really, really high, right, but it closed under 20 that day,...
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Apr 23, 2024
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. >>> and tesla, the stock hitting a 52-week low yesterday. but one shareholder finding a few silver linings and a vote of confidence for elon musk what has her bullish, coming up. >>> before we get to that, let's get to dom chu for a check on the market action. >> oh a strong folio lineup to yesterday's rally, a solid 2% above the levels that we saw just on friday so a two-day bounceback for the markets overall. the dow up about 240 points, half of 1%, 38,480 the s&p 500 is at 5,066, up 56 points, north of 1% gain, and it's been a positive day even at the lows, we were up 17 points in the s&p, up roughly 61 at the highs so tilting toward the higher end of that range. the nasdaq composite, pacing the advance off 1.5%, 225 points, or 15,675, the last level for the nasdaq index three earnings movers headlines, among the many two generals out there general motors first, up 5%. the automaker comes out with better profits, better revenues and boosts its full-year revenue forecast thanks to better sales of trucks and suvs the other general we're wat
. >>> and tesla, the stock hitting a 52-week low yesterday. but one shareholder finding a few silver linings and a vote of confidence for elon musk what has her bullish, coming up. >>> before we get to that, let's get to dom chu for a check on the market action. >> oh a strong folio lineup to yesterday's rally, a solid 2% above the levels that we saw just on friday so a two-day bounceback for the markets overall. the dow up about 240 points, half of 1%, 38,480 the...
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Apr 23, 2024
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reasons people would look to these publications was to say, well gosh, do i believe you the polygraph tesla literally did not know that. oh, well, okay. sure. dana got it. i don't knew it. >> i'm familiar with occasions, but the bottom line here is that he's trying to establish that there was some way to show as a part of the scheme but the prosecution has got to go to the next level in this witness might not give you everything that you need for prove every single test, but at least the credibility factor you now you have saying that howard new zealand howard the editor-in-chief of the enquirer negotiated to pay 30 granted by the story, and he called michael cohen, hey, we're going to spend $30,000 to buy the story and the occasion. >> of course, that they're not going to run it, which remember, yesterday we learned in this first 20 minutes of his testimony that anything above $10,000 per story had to get the approval. a. david yes. >> good. yeah. good. so people come back track of this, all this doorman's story is the first of three parts of the catch and kill scheme that prosecutors are
reasons people would look to these publications was to say, well gosh, do i believe you the polygraph tesla literally did not know that. oh, well, okay. sure. dana got it. i don't knew it. >> i'm familiar with occasions, but the bottom line here is that he's trying to establish that there was some way to show as a part of the scheme but the prosecution has got to go to the next level in this witness might not give you everything that you need for prove every single test, but at least the...
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Apr 23, 2024
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we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balance of power. ♪ >> live from washington dc. lisa: joe:
we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you...
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Apr 23, 2024
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tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are seeing the price hashing. >> these long-duration stocks versus nonprofitable stocks that become profitable. look at the one-year performance of these two names, uber is up 128% . >> up 120% over the last year to date. we've been looking at this for quite some time. we saw a little bit of material pull back over the last few weeks. 16% off the 52-week high. mobility up 29%. they are hitting on all cylinders. they have struck a new culture. there is a lot of earning potential going forward. we decided to add a small position. >> it is free money. when mone
tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are...
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Apr 23, 2024
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companies downsize, but wall street loves it because labor so expensive to get earnings tonight from tesla their stocks down 40% year to date. so we want to know more about their self driving the robo taxis that's coming out on august. 8th. i don't think it's ready for prime time. we want to hear more about price cuts that they've as well as the recall. cybertruck so that we get met up on wednesday night and we get off about as wednesday night and might know about is thursday with some of these magnificent 7 tech company reported right here right now. a pretty interesting with meta, right? because they're opening up their operating system for their quest. >> 3rd parties, is moved it because apple's had said that the a lot of buzz and that's fantastic. and although and leaving met in the dust, is this a way for them to try and get more that market share out there? >> to try to win with the hardware. with the quest to inquest much better at $500 and really a nice piece. technology, but doesn't compare to the apple vision pro, like you mentioned. so you're going to see use that horizon operat
companies downsize, but wall street loves it because labor so expensive to get earnings tonight from tesla their stocks down 40% year to date. so we want to know more about their self driving the robo taxis that's coming out on august. 8th. i don't think it's ready for prime time. we want to hear more about price cuts that they've as well as the recall. cybertruck so that we get met up on wednesday night and we get off about as wednesday night and might know about is thursday with some of these...
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Apr 23, 2024
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tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company and shares have lost more than 40% of their value so far this year so we can now get the latest with eric delmore in new york —— erin. there is a big question about whether tesla is a car company or a tech company?— or a tech company? exactly, it is the reversal _ or a tech company? exactly, it is the reversal from _ or a tech company? exactly, it is the reversal from what _ or a tech company? exactly, it is the reversal from what we - or a tech company? exactly, it is the reversal from what we used l or a tech company? exactly, it is. the reversal from what we used to see from tesla because the questions used to circle around whether they could make enough cars to meet demand but now the question is more like, are there enough people who want to buy them? it has been a tough yearfor them want to buy them? it has been a tough year for them with shares down more than 40% and this reflects what the company has ha
tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company and shares have lost more than 40% of their value so far this year so we can now get the latest with eric delmore in new york —— erin. there is a big question about whether tesla is a car company or a tech company?— or a tech company? exactly, it is the reversal _ or a tech company? exactly, it is the reversal from _ or a tech...
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Apr 23, 2024
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we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year. concerns principally about china, third-party data, cap report research shows iphone sales are down 19%. more interesting perhaps is the other data outside of apple showing thomistic handset makers gaining market share -- domestic handset makers gaining market share. apple on with huawei. the data doesn't seem to be worrying anyone right now. big picture ahead of earnings later on next week, apple in focus. let's talk to mark. we stressed third-party data. it is not apple telling us this but there is a bit of concern china is the key
we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year....
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Apr 23, 2024
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tesla. we have just coming out us, more details on layoffs. 2688 workers have been terminated from the fauci in austin texas. it's a large number charles payne with me, tesla reports after the bell, a lot of talk they will go for broke taxi. if musk commits to the role of taxi in the future, he has to transform the complete all over again, doesn't he? >> he would have to to a degree but i don't think that's what wall street wants to hear about today. february 2023, medic experienced the worst stock decline in the history 90 individual stock want lost 300 billing and value. wall street wrote them off and said that it is done in the thing with meta versus dump. we saw maturation mark zuckerberg and called it efficiency. it was all about running a business like a business. that's what they want to hear from tesla today. maturation of elon musk as a business operator, not visi visionary. >> do think that's what they will here? is that your judgment? >> i think that's what he needs to do today. >
tesla. we have just coming out us, more details on layoffs. 2688 workers have been terminated from the fauci in austin texas. it's a large number charles payne with me, tesla reports after the bell, a lot of talk they will go for broke taxi. if musk commits to the role of taxi in the future, he has to transform the complete all over again, doesn't he? >> he would have to to a degree but i don't think that's what wall street wants to hear about today. february 2023, medic experienced the...
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tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company and
tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company and
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Apr 23, 2024
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coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would that mean? the idea of a $25,000 ev assessable is at the heart of global wall street around tesla. the retail investor cares about ai, robotaxi autonomy but we don't have clarity. elon musk needs to spell out, is the robotaxi the single priority now or is there still a version of the $25,000 ev that exists. we try to explain over the weekend what is happening. it is a technology initiative we believe late 2025 you will see a cheaper ev but versions of existing models, not standalone new models. katie: ed ludlow, you have a busy day ahead of you.
coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would...
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. >>> tesla trouble. an important day for the world's most valuable car company and its controversial founder elon musk. >> the clock has struck midnight for musk to lay out a plan for the future. >> amid layoffs, slumping sales and tanking stock prices as musk faces new scrutiny over his massive compensation. we're breaking it all down. >>> those stories, plus, ladies first. a new study finds women have a better chance at surviving in the hospital if they are treated by a female doctor. a look into the revealing research. >>> and rocky mountain high. >> murray makes a move. [ cheers and applause ] >> the defending champs pull off a dramatic win in denver. and that wasn't the only game that went down to the wire. the highlights from a wild night in the nba playoffs. today, tuesday, april 23rd, 2024. ♪ >> announcer: from nbc news, this is "today" with savannah guthrie and hoda kotb. from studio 1a in rockefeller plaza. >> good morning. good to see you. welcome to "today." good day for denver. good day fo
. >>> tesla trouble. an important day for the world's most valuable car company and its controversial founder elon musk. >> the clock has struck midnight for musk to lay out a plan for the future. >> amid layoffs, slumping sales and tanking stock prices as musk faces new scrutiny over his massive compensation. we're breaking it all down. >>> those stories, plus, ladies first. a new study finds women have a better chance at surviving in the hospital if they are...
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the robo taxi is essentially nai product, it would make tesla nai company. it's typical of musk to go out on a technological them. is done it before and he came out a winner. will investors accept another musk driven crisis from amanda so much on his plate. musk is the most dynamically creative entrepreneur in several generations, there was steve jobs. today we will see how far down the ai road he wants to take his business, the stock price, investors will back him in one more adventure. second hour of varney just getting started. the gentleman in the cow jacket is back, scott sheldonaddy a resident of the show, must goes from crisis to crisis couple investors back him one more time on the robo taxi? >> if they are smart they will stick with him. the only way when i got this topic when i thought about for two seconds my initial reaction was would you rather be, know what you know about the future going forward, what you don't know about the future going forward would you rather be ford or elon musk at tesla. i think the innovations, the technology and overal
the robo taxi is essentially nai product, it would make tesla nai company. it's typical of musk to go out on a technological them. is done it before and he came out a winner. will investors accept another musk driven crisis from amanda so much on his plate. musk is the most dynamically creative entrepreneur in several generations, there was steve jobs. today we will see how far down the ai road he wants to take his business, the stock price, investors will back him in one more adventure. second...
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switch to solar, get two tesla power walls and a new roof, and you could save over $18,000 powerhouse savings. the more you bundle, the more you save. protect you and your family from outrageous electric bills this summer. go solar plus batteries and get a new roof from semper solaris. call now adventure begins at your local jeep suv dealer with the most awarded suv brand right now. >> during the jeep celebration event, well qualified lessees can lease the 2024 wrangler sport s4 by aev for 369 a month. don't miss this great offer >> all right. good morning to you. a live look outside here where we are checking out all the cloud cover from our exploratorium camera. temperatures in the mid 50s from san francisco to palo alto. 58 hayward and san jose. and another look from our sutro tower camera. pretty much everyone in the mid to upper 50s. that blanket of low clouds allowing for the more uniform temperatures and those clouds begin to peel back. the winds have been quite breezy and that will continue especially windy at the coast with low 60s here, mid 60s across the bay. the average hi
switch to solar, get two tesla power walls and a new roof, and you could save over $18,000 powerhouse savings. the more you bundle, the more you save. protect you and your family from outrageous electric bills this summer. go solar plus batteries and get a new roof from semper solaris. call now adventure begins at your local jeep suv dealer with the most awarded suv brand right now. >> during the jeep celebration event, well qualified lessees can lease the 2024 wrangler sport s4 by aev...
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tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after this. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants t
tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after...
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i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence and generative a.i., it's something that's going to be here, i think, a lot sooner than people think. i think the overhang for tesla is wall street's numbers for driverly ares might be a little bit too high for the rest of this year and next year. i think that has a lot less to do with macro concerns and we sixer but the hype around electronic vehicles around the last few years was huge, and so i think that a pulled forward a lot of purchases that people would have waited on. and so demand is going to take a little while to recover, and
i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence...
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tesla will do after the bell today. the company has apparently cut its entire marketing and business development department. this is the stock symbol for truth social. donald trump will get another $1 billion or so worth of truth social stock as a reward for keeping the stock price high or high-ish. it's been fluctuating a lot. but the reward system was part of the deal with trump. now, he cannot sell any of the stock yet. it's in a lock-up, which is pretty standard for these kinds of deals, and he can't use it as collateral against a loan or court bond. speaking of truth social, trump posted yesterday on truth social that president biden was to blame for the so-called tiktok ban. the senate votes on the issue today. president biden says he would sign it into law. just so everyone knows, especially the young people, crooked joe biden is responsible for banning tiktok, he said. if you're thinking, hold on, didn't president trump propose banning tiktok as president? wasn't it originally his idea? yes, it was. now, tiktok
tesla will do after the bell today. the company has apparently cut its entire marketing and business development department. this is the stock symbol for truth social. donald trump will get another $1 billion or so worth of truth social stock as a reward for keeping the stock price high or high-ish. it's been fluctuating a lot. but the reward system was part of the deal with trump. now, he cannot sell any of the stock yet. it's in a lock-up, which is pretty standard for these kinds of deals,...
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so tesla is coming out after the bell, mark. we're looking ahead as well to tay tomorrow and then you've got alphabet and microsoft out on thursday. give us your reaction to what we're hearing so far and what we should expect interest the earnings going forward. >> this is an a absolute huge week for earnings, some of the biggest, most popular companies out there. maria: 30% of the s&p 500 report this week. 30%. >> so it's a huge week. it really couldn't come at a more pivotal time for the market given what we've been talking about, maria. first quarter was great tore the market, up around 10%. second quarter has not started off all that well. fortunately, yesterday we saw kind of a relief rally and looks like that should continue through to today. but when you talked about some of the companies that have already reported today before the market opens, one of the ones that stands out to the me is gm. you look at gm with a beat and raise quarter, not because they're selling a bunch of evs but off the strength of their truck sales
so tesla is coming out after the bell, mark. we're looking ahead as well to tay tomorrow and then you've got alphabet and microsoft out on thursday. give us your reaction to what we're hearing so far and what we should expect interest the earnings going forward. >> this is an a absolute huge week for earnings, some of the biggest, most popular companies out there. maria: 30% of the s&p 500 report this week. 30%. >> so it's a huge week. it really couldn't come at a more pivotal...
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when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter, the worst performance there since covid in 2020. anne-marie: it is losing market share. this is a more important point that they are taking over which raises the question, how do they get a foothold. this is the reason why apple, tesla, they are in a world of their own. they are dealing with the china question in terms of demand but they are dealing with a broader demand question for their products which is why we are seeing this for sure -- fiss ure in big tech earnings. lisa: the most interesting number was huawei and comcast climbed. you
when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter,...
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one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that we're in today. the very fact that elon musk was, you know, for the early years of tesla, not just the right person amongst some set, but the right person in business, doesn't mean he's the right person when the situation is tesla is facing is completely different, and in particular it doesn't mean he's the right person who should operate without restraint. i'm saying, if you are the board, you also have business judgment. it's your job to ask him, okay, what is your strategy for dealing with chinese electric cars that are going to come on to the market a
one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that...
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we are recapping the heavy hitters previewing tesla's earnings "after the bell". president biden hitting pennsylvania convenient store chain with a lawsuit one day after making a campaign stop in the keystone state. it's making a buzz, you're watching "mornings with maria" live on fox business. ♪ ♪ ♪ ♪ before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. trika fishing rods are the rebirth o
we are recapping the heavy hitters previewing tesla's earnings "after the bell". president biden hitting pennsylvania convenient store chain with a lawsuit one day after making a campaign stop in the keystone state. it's making a buzz, you're watching "mornings with maria" live on fox business. ♪ ♪ ♪ ♪ before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as...
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tesla kicks things off today amid price cuts, recalls, and more. google and meta follow and face pressure to deliver amid a recent market sell-off. joining us now, professor of marketing at the nyu stern school of business, scott galloway. he is out today with the new book entitled "the algebra of wealth: a simple formula for financial security." do we have to be good at algebra? >> no. >> thank god. >> what if you had to take it two or three times? >> well, you would be -- >> that's a problem, right? >> -- a co-host of "morning joe" if you had to do that. >> oh, i knew it. >> scott, we're going to get to your book, but it's going to be a long and winding road. there's things -- i'm a big fan of yours, and there's things i want to talk about first. one of my pet peeves seems to be one of yours, and that is, you know, 2 million people have been killed in the sudan civil war. i haven't seen a protest at nyu for that. 500 news arabs killed by assad. saddam hussein killed over 1 million muslims in wars, gassed them. i didn't see protests there. yet, yo
tesla kicks things off today amid price cuts, recalls, and more. google and meta follow and face pressure to deliver amid a recent market sell-off. joining us now, professor of marketing at the nyu stern school of business, scott galloway. he is out today with the new book entitled "the algebra of wealth: a simple formula for financial security." do we have to be good at algebra? >> no. >> thank god. >> what if you had to take it two or three times? >> well,...
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we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports after the bell today, the street is focused less on the specific number and more on the specispecific outlook for the robotaxi. they are expected to show a lower gross margin as well as a drop in operating profit. what is the guidance for the second quarter and the rest of the year and specifically what is the plan for rolling out the small car and robotaxi? tesla's full self-driving technology allows the driver to take the hands off the wheel, but it is a long way from autonomous driving. elon musk said tesla must change frequently a
we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports...
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today tesla is expected to report its lowest gross profit margin in more than six years after a messy week for the car maker with news of layoffs, further price cuts and the recall of its cyber truck due to a pedal issue. >> the federal trade commission has filed a lawsuit to block the merger of two premium handbag makers. can you tell us what actually prompted this move? >> it's a rare anti-trust challenge against a high end fashion group merger. the federal trade commission said the merger between tapistry and capri could deprive american consumers of the benefit of the two luxury groups having head to head competition and could impact prices and innovation between the brands of the two luxury groups that includes versace, michael khors and kate spade. it said in a statement there's no question it's procompetitive and the ftc fundamentally misunderstands the marketplace. they made an offer for capri to be able to compete with some of the big competitors. >> that's some high end anti-trust. let'sbri in down a level to a different type of anti-trust. super market chains kroger and alb
today tesla is expected to report its lowest gross profit margin in more than six years after a messy week for the car maker with news of layoffs, further price cuts and the recall of its cyber truck due to a pedal issue. >> the federal trade commission has filed a lawsuit to block the merger of two premium handbag makers. can you tell us what actually prompted this move? >> it's a rare anti-trust challenge against a high end fashion group merger. the federal trade commission said...
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a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>> investors are eyeing tech stocks as four of the magnificent seven are due to report earnings this week with tesla as we just mentioned, kicking things off later today. >> it may be the mag six after this. >> we will see. we will see meta on wednesday and alphabet and microsoft set to release on thursday. speaking earlier to the channel, the norges bank ceo gave his view on the sector. >> if i look at what we can read from the current market, i would say there is clearly a lot of froth within the technology sector. we will get the answers later in t
a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>>...
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when he can't even complete a [ bleep ] sentence without his brain busting into flames like a recalled tesla. ♪ >> we are a nation that just recently heard that saudi arabia and russia will -- oh -- [ laughter ] >> seth: what just happened? oh, i bet the sexy green m&m popped into his head. [ laughter ] trump has either hinted or explicitly promised he will use a second term to arrest opponents, conduct sweeping raids and deportations, cut taxes again for the wealthiest americans, try again to repeal obamacare and take health insurance away from millions of people, and pass a national abortion ban. he's just hoping you don't notice because when he talks about passing a national abortion ban, he's so incoherent about it. >> a lot of democrats said that no government official should ever get between a doctor and her patient. dobbs said 15 weeks. >> right. >> that's just about a little over first trimester. >> so more and more i'm hearing about 15 weeks. and i haven't decided yet. but largely, they're coming in with a certain number of weeks. and the number 15 is mentioned. i haven't agreed t
when he can't even complete a [ bleep ] sentence without his brain busting into flames like a recalled tesla. ♪ >> we are a nation that just recently heard that saudi arabia and russia will -- oh -- [ laughter ] >> seth: what just happened? oh, i bet the sexy green m&m popped into his head. [ laughter ] trump has either hinted or explicitly promised he will use a second term to arrest opponents, conduct sweeping raids and deportations, cut taxes again for the wealthiest...
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if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they have managed. bloomberg's oliver, thank you. setting us up for a big day. novartis raising their guidance after reporting better first quarter response. we will dig into that story, what is propelling optimism next, this is bloomberg. ♪ >> we do personalization and you can tell me what you think but ai can help me analyze your face better than you could vocalize. helping to give people the equivalent is a great way to grow your business. cheating is not relevant. tom: that was trini speaking to bloomberg. the federal trade commission is seeking to stop a merger between fashion
if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they...
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now let's talk about tesla. it's been a difficult few weeks for the maker of electric vehicles and shares in the company have been sinking. today tesla reports its latest figures on sales and earnings and investors are worried. this comes as elon musk announced big job cuts and cut the price of its cars to try and boost sales. here's our reporter david waddell it is proving to be a tricky period for tesla. its shares have fallen by around 40% from the beginning of the year and last week its big boss elon musk told its workforce he would cut their numbers by 10%. that impliesjob losses in the region of 40,000. in recent days, mr musk postponed a planned trip to india this week. he was due to meet the prime minister narendra modi and reveal plans to enter the south asian market. on his social media platform, x, mr musk and they order that unfortunately... but he looked forward to visiting later this year. mr musk may face tough questions later when tesla releases its latest quarterly results. at the beginning of t
now let's talk about tesla. it's been a difficult few weeks for the maker of electric vehicles and shares in the company have been sinking. today tesla reports its latest figures on sales and earnings and investors are worried. this comes as elon musk announced big job cuts and cut the price of its cars to try and boost sales. here's our reporter david waddell it is proving to be a tricky period for tesla. its shares have fallen by around 40% from the beginning of the year and last week its big...
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tesla shares continue to sink as investors prepare for bad news when the ev giant reveals its latest earnings tonight. also in the programme, the australian wine industry pops the corks as china drops import tariffs. and from record mogul to space entrepreneur. the creator of the virgin empire sir richard branson willjoin me live to share his top tips on how to become a successful entrepreneur. good to have you with us. you are in time with the top money stories. member states are expected to stick to. the current eu the schools were suspended following the outbreak of covid as countries across europe had to spend significant sums to combat the economic impact of the pandemic. but now economic discipline needs to be reinforced and its hoped the new fiscal rules will encourage eu countries to commit to national reforms, be more investment friendly, and lead to better debt reduction. but some countries, such as italy argue the targets penalise them. joining me now is carsten brzeski, global head of macro for ing research.
tesla shares continue to sink as investors prepare for bad news when the ev giant reveals its latest earnings tonight. also in the programme, the australian wine industry pops the corks as china drops import tariffs. and from record mogul to space entrepreneur. the creator of the virgin empire sir richard branson willjoin me live to share his top tips on how to become a successful entrepreneur. good to have you with us. you are in time with the top money stories. member states are expected to...
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Apr 23, 2024
04/24
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tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the challenge the financial hub is facing. we have of companies, 10 companies have made ipo's to risk $300 million. chow by dow down 35% on its debut. that is it from bloomberg markets: asia. this is bloomberg. ♪ ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the
tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the...
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Apr 23, 2024
04/24
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it is proving to be a tricky period for tesla. its shares have fallen by around 40% from the beginning of the year and last week its big boss elon musk told its workforce he would cut their numbers by 10%. that impliesjob losses in the region of 40,000. in recent days, mr musk postponed a planned trip to india this week. he was due to meet the prime minister narendra modi and reveal plans to enter the south asian market. on his social media platform, x, mr musk and they order that unfortunately... mr musk may face tough questions later when tesla releases its latest quarterly results. at the beginning of the month, it emerged that the company's vehicle deliveries declined in the first quarter of 2024 for the first time in nearly four years. the company's cutting the price of its full self—driving software in the united states by a third, from $12,000 to $8,000, and it is slashing its vehicle prices in multiple markets, with new price cuts announced in china. now it is facing stiff competition there from the likes of byd, the sai
it is proving to be a tricky period for tesla. its shares have fallen by around 40% from the beginning of the year and last week its big boss elon musk told its workforce he would cut their numbers by 10%. that impliesjob losses in the region of 40,000. in recent days, mr musk postponed a planned trip to india this week. he was due to meet the prime minister narendra modi and reveal plans to enter the south asian market. on his social media platform, x, mr musk and they order that...
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Apr 23, 2024
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shares in tesla, though, fell nearly 3.5% after announcing more price cuts this past weekend. tesla actually reports quarter one earnings tomorrow after the bell, a proposed bill in sacramento could ban clear security lanes from airports across the state, and the bill is gaining bipartisan support. >> the bill would require third party companies like clear to get their own dedicated security lanes, or lose the ability to operate in california airports. it's clear customers pay $189 a year to verify their identities at airport kiosks, before being escorted past other passengers to the front of tsa lines. supporters of the proposed legislation say clear passengers should not be allowed to skip the line just because they have money. several airlines are fighting the bill, saying revenue loss from clear could result in increased airfares. >> it's still not clear when the sausalito ferry dock will reopen for ferry service, a structural issue on one of the four pilings that supports the pier was discovered friday during a routine inspection service on the blue and gold ferry, and th
shares in tesla, though, fell nearly 3.5% after announcing more price cuts this past weekend. tesla actually reports quarter one earnings tomorrow after the bell, a proposed bill in sacramento could ban clear security lanes from airports across the state, and the bill is gaining bipartisan support. >> the bill would require third party companies like clear to get their own dedicated security lanes, or lose the ability to operate in california airports. it's clear customers pay $189 a year...
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Apr 23, 2024
04/24
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from price cuts to lay—offs, tesla is facing some serious troubles, ahead of the release of its quarterly report card tonight. hello and welcome to asia business report. i�*m steven lai. meta is making big strides in mixed reality, announcing it will allow hardware makers to make headsets powered by its own operating system. our north america business correspondent — erin delmore has more. it looks like the iphone versus android wars are making their way from the cell phone world and coming to virtual reality headsets. meta executive mark zuckerberg says he will offer his vr system meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is you headsets that run on the same software and operating system as meta�*s own headsets, the quest 3 and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is akin to android�*s flexibility to integrate with other products. in contrast, he called apple�*s ios system is closed. apple is offering its headset, the vision pro, $3,500 us
from price cuts to lay—offs, tesla is facing some serious troubles, ahead of the release of its quarterly report card tonight. hello and welcome to asia business report. i�*m steven lai. meta is making big strides in mixed reality, announcing it will allow hardware makers to make headsets powered by its own operating system. our north america business correspondent — erin delmore has more. it looks like the iphone versus android wars are making their way from the cell phone world and...
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Apr 23, 2024
04/24
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tesla reportó los precios en varios de sus modelos en estados unidos, china y europa. los precios de los vehículos modelo y modelo x y modelo s en estados unidos se redujeron en 2.000 . tesla también rebajó el precio de su software de asistencia de conducción full self-driving en 4.000 . su líder, elon musk, dijo que los precios de tesla deben cambiar con frecuencia para adaptar la producción con la demanda, expresa. el minorista de moda se ha declarado en quiebra y se ha acogido al capítulo 11 de la ley de bancarrota. como parte del proceso de quiebra, la empresa cerrará aproximadamente 95 tiendas express y todas sus tiendas opuest. la empresa tiene unas 530 tiendas express y express factory outlet en estados unidos y puerto rico y unas 12 tiendas minoristas apuest y tinder. la popular aplicación de citas ha revelado una nueva función compartir mi cita. la cual ayuda a los usuarios a compartir detalles de su cita, como la fecha, lugar, la hora y foto del perfil en un enlace. tinder dice que alrededor de un 51% de los usuarios menores de 30 años comparten lo
tesla reportó los precios en varios de sus modelos en estados unidos, china y europa. los precios de los vehículos modelo y modelo x y modelo s en estados unidos se redujeron en 2.000 . tesla también rebajó el precio de su software de asistencia de conducción full self-driving en 4.000 . su líder, elon musk, dijo que los precios de tesla deben cambiar con frecuencia para adaptar la producción con la demanda, expresa. el minorista de moda se ha declarado en quiebra y se ha acogido al...