Facebook Tweet Email Link Elon Musk’s big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the company’s history. The automaker also faces a …
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Angela Weiss / AFP / Getty Images IBM shares are still up about 15% since the start of this year despite trading lower Thursday IBM (IBM) shares sank in intraday trading Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings report that largely topped estimates. After the closing bell Wednesday, IBM posted revenue of $16.98 billion, …
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Read More »Microsoft CEO Satya Nadella sent a note to employees on Thursday explaining why the company has cut thousands of jobs while generating huge profits and spending billions on AI. “This is the enigma of success in an industry that has no franchise value,” Nadella wrote. “Progress isn’t linear. It’s dynamic, sometimes dissonant, and always demanding. But it’s also a new …
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I also want to acknowledge the uncertainty and seeming incongruence of the times we’re in. By every objective measure, Microsoft is thriving — our market performance, strategic positioning, and growth all point up and to the right. We’re investing more in CapEx than ever before. Our overall headcount is relatively unchanged, and some of the talent and expertise in our …
Read More »Trump says he wants Musk and his companies to thrive in US Reuters Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies CNBC Trump denies he will cut Elon Musk’s federal subsidies Politico Tesla shares fall as Trump says he wants Musk to ‘thrive’ Financial Times Trump says he wants Musk to ‘THRIVE’ after threatening subsidy cuts USA Today Source link
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Tesla gave a massive update on its plans to launch a potential lineup of affordable models, something that it has been developing for the past couple of years. During its Q2 2025 Earnings Call yesterday, Tesla revealed some new details regarding the production plans of the affordable vehicles, and while the company did not shed any light on the potential …
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