Elon Musk’s Tesla on Wednesday reported a fall in fourth-quarter gross margin from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles. Tesla warned of a sharp slowdown in volume growth this year compared with the previous year. “In 2024, our vehicle volume growth rate may be notably lower…
Tesla’s profit more than doubled during the last three months of 2023 compared with a year earlier after the electric carmaker booked a tax benefit. But profit from car sales slumped after Tesla cut prices to fend off increasingly intense competition, the company said on Wednesday. Profit in the fourth quarter was $7.9 billion, up…
Apple is reportedly preparing to impose new fees and restrictions on software downloads outside of its App Store — in what could be a “major test” of Europe’s attempts to enforce a sweeping law aimed at boosting tech competition. It’s part of the Cupertino, Calif. tech giant’s effort to comply with the European Union’s Digital…
Super Micro Computers’ stock surge has pushed its founder and CEO, Charles Liang, into the billionaire ranks. Liang, a 66-year-old Taiwan native, decided 30 years ago that Super Micro would begin designing motherboards, according to the company’s website. Now a Silicon Valley resident, Liang’s bet on motherboards, complex circuit boards that have become increasingly important…
Microsoft’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind iPhone maker Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with…
EBay will lay off about 1,000 full-time employees, or roughly 9% of its overall workforce, as it looks to reverse a major slump at the once-booming online marketplace, the company said. The San Jose, Calif.-based auction site asked its remaining employees to work from home on Wednesday “to provide some space and privacy” as it…
Apple has been steadily pouring resources into the pursuit of advanced intelligence products – and the tech giant is reportedly planning to integrate the features into future versions of its iPhones. The Cupertino, Calif.-based company has acquired a whopping 21 AI startups since 2017, the Financial Times reported, citing PitchBook data. More transactions could be…
Bilt Rewards, a New York-based startup that operates a loyalty platform where users can earn points on rent payments, has more than doubled its valuation to $3.1 billion – and added NFL Commissioner Roger Goodell and former American Express CEO Kevin Chenault to its board. Led by former Tinder executive Ankur Jain, the New York-based…
After years of anticipation, Apple’s first major new product in nearly a decade has arrived. The $3,500 Vision Pro, a face computer that resembles ski goggles, will be released next week. So, what can we expect? The device, which includes high-resolution displays and sensors that track eye movements and hand gestures, is one of Apple’s…
College students may soon be able to attend lectures given by long-dead pioneers like Albert Einstein and Coco Chanel thanks to groundbreaking hologram technology, according to a report. Some universities have already begun using the holographic technology to bring some of the world’s greatest innovators and artists, like Michael Jackson, to the classroom, The Guardian…
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