Stocks making the biggest moves midday: TSLA, GS, CRM

Check out the companies making headlines in midday trading. Tesla — Shares fell 2.8% after an internal memo said the electric vehicle maker is planning to lay off more than 10% of its global workforce . "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," CEO Elon Musk said in the memo. Tesla had almost 141,000 employees as of December 2023. Goldman Sachs — Shares climbed 3.4% after the investment bank beat Wall Street's first-quarter earnings expectations , reporting a 28% jump in profit to $4.13 billion from the year-earlier period due to a rebound in capital market activities. Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, while analysts surveyed by LSEG had called for earnings of $8.56 per share on revenue of $12.92 billion. Logitech — Shares dropped 6.4% after Morgan Stanley downgraded the computer peripherals stock to underweight, saying the market is "mis-pricing" the company's "future growth algorithm." Analyst Erik Woodring forecast only 3% annual revenue growth through fiscal 2027, which is below consensus. Salesforce — The customer relations management software stock shed more than 5%, becoming the biggest loser in the blue-chip Dow Jones Industrial Average, after The Wall Street Journal reported the company is in advanced talks to acquire data-management software provider Informatica . Masimo — Shares added 1.6% after getting an upgrade to buy from hold at Stifel. The firm sees a return to high-single-digit growth and a steady margin expansion trajectory for the health technology company. Reddit — Shares dropped more than 5% after Wall Street firms initiated coverage of the stock following its public debut last month. Morgan Stanley initiated coverage of the social media platform at equal weight, saying shares are already trading at fair value. JPMorgan and Goldman Sachs each gave Reddit a neutral rating. Others were more bullish on the stock. Deutsche Bank called Reddit a buy, while Raymond James said the social media stock is a strong buy. Medical Properties Trust — Shares jumped nearly 20% after the real estate investment trust said it would sell majority interests in five Utah hospitals to a new joint venture for a total of $886 million. Trump Media & Technology Group — Shares of Trump Media plunged more than 15% after the company filed to issue up to 21.5 million shares. Since the company, which created the Truth Social app, began trading on March 26, its share price has fallen more than 62%, from an opening price of close to $71 to around $27 on Monday. Coupang — The South Korea-based e-commerce company climbed 3.6% following an upgrade to buy from neutral at Citi. The bank thinks there is still room for Coupang's margins to expand as the firm raises its subscription fees, anticipating little customer pushback due to its strong delivery service. Snap One , Resideo Technologies — Snap One shares jumped 30% after the provider of smart living products said it will be acquired by Resideo Technologies , a home automation company, in a deal worth roughly $1.4 billion, or $10.75 per share in cash. Resideo fell 3.6%. Charles Schwab — The online brokerage and money manager added 2.8% after posting mixed first-quarter results. Schwab reported earnings of 74 cents, matching an LSEG estimate, while revenue came in at $4.74 billion, slightly higher than analysts' consensus forecast of $4.71 billion. — CNBC's Yun Li, Lisa Kailai Han, Sarah Min and Michelle Fox contributed reporting. Read the full article

Post: Elon Musk Is in Hot Water And This Time It Has Nothing To Do With Twitter https://www.blaqsbi.com/5pze

Elon Musk plans Tesla, Twitter collaborations with xAI

Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the "silicon front" and on the "AI software front."Musk also said, during Friday's live audio session on Twitter Spaces, that xAI will use Twitter data for training the "maximally curious" artificial intelligence systems and products he hopes to build there. Musk did not specify whether and how much Twitter will charge xAI or his other companies for its data.

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When Musk led a buyout of the social media venture in October 2022, Twitter took on $13 billion in new debt. The company has struggled to juice its subscription revenue, and has been sued by ex-employees and vendors for non-payment for completed work or severance.Several of the other companies where Musk was a founder or serves as CEO, including Tesla, SpaceX and The Boring Co., have done business together for years. Some of their transactions have been disclosed in Tesla financial filings with the U.S. Securities and Exchange Commission.On Friday, without citing evidence, Musk alleged that "Every AI organization on Earth" had used Twitter's data for training, "in all cases illegally." It was not clear which laws would have been violated by others' data scraping. Earlier this month, Twitter sued four unknown parties for data scraping in Texas.Twitter implemented rate limits on the social media platform in recent weeks because, Musk claimed, it was "being scraped like crazy." He said, "We had multiple entities scraping every tweet ever made, and trying to do so in like, basically a span of days. So — this was bringing the system to its knees. So we had to take action." He apologized for the inconvenience of the rate limiting.In light of widespread use of Twitter data by AI software developers, Musk said, "I guess we will use the public tweets — obviously not anything private — for training as well, just like basically everyone else has."Twitter's data set appeals for "text training," and "image and video training," Musk said. However, he specified that AI systems need more than human-created data and he was hoping that xAI could follow in the footsteps of Alphabet-owned DeepMind's Alpha Zero, a computer program that achieved a masterful level of play in three games, chess, shogi and go, after training by playing these games against itself.A Tesla fan and promoter, Omar Qazi (known as Whole Mars Catalog on Twitter) asked Musk a few questions about how he plans for xAI to work with Tesla during the Spaces event. Among other things, he asked whether xAI would potentially use Nvidia- or Tesla-made silicon for data processing.Musk said, "That's sort of a Tesla question. Tesla is building custom silicon. I wouldn't call anything that Tesla's producing a 'GPU' although one can characterize it in GPU equivalents." He then spoke about Tesla's in-vehicle hardware, which enables the company's advanced driver assistance systems to work in its cars. The systems are marketed as Autopilot and Full Self Driving capability in the US.Tesla has been promising fans a robotaxi, or self-driving vehicle, for years. At that time, Musk said a cross-country demo with a Tesla car would be possible without a single human intervention by the end of 2017. In 2019, Tesla raised billions of dollars with the promise of a million robotaxi-ready Tesla vehicles on the road in a year. So far, none of Tesla's vehicles are capable of operating without a human driver ready to steer or brake at any time.Musk said on Twitter Spaces on Friday that Tesla's hardware 4, which is shipping in now, is "three-to-five times more capable than hardware 3," and promised "hardware 5" would come along in a few years and would be "four or five times more capable" than its current version.The CEO also discussed Dojo, a supercomputer Tesla is developing for AI machine learning and computer vision training purposes. Tesla uses video clips and data from its customers' vehicles to improve existing software, or develop new features.Musk said that the eventual AI language model that xAI will presumably develop won't be "politically correct." The CEO, who has repeatedly attacked "woke" or progressive values, said "I think our AI can give answers that people may find controversial even though they are actually true."The Tesla CEO said that xAI will need to develop technology that "understands the physical world and not just the Internet," and he thinks that Tesla's driving data will help it on that front.Walter Isaacson, the author of an Elon Musk biography coming out later this year, asked Musk about Optimus, a humanoid robot Tesla is developing with the aim of using it in manufacturing. Musk said that the robot is still in its "early stages" and his team needs to find a way that users will be able to easily turn it off.Tesla showed off a design for a humanoid robot called Optimus at its AI day in September 2022. Tesla executive are expected to share updates on this and more on an earnings call next Wednesday.-- CNBC's Jonathan Vanian contributed reporting. Source link Read the full article

Tesla: Leading the Electric Vehicle Revolution

  In the world of technology and innovation, few names are as well-known and reputable as that Tesla. Founded in 2003 by CEO Elon Musk, Tesla has become one of the most successful companies in the world. It offers a variety of state-of-the-art electric vehicles and energy solutions that are revolutionizing the way we think about transportation and renewable energy sources. But what was Tesla like when it first started? How has it changed since then?  

  Tesla Then: A Brief History.

Tesla is a name synonymous with innovation and forward-thinking. Founded by Martin Eberhard and Marc Tarpenning in 2003, the company has revolutionized the way we think about transportation, energy production, and more. They founders named the company after electrical engineer/inventor called Nikola Tesla. Less than one year after the company was formed, Elon Musk invested $6M and eventually became CEO in 2008.  The company gained initial notoriety when it unveiled its first vehicle – the Tesla Roadster – in 2008. This car was revolutionary because it could travel up to 244 miles on a single charge, making it the longest range of any electric vehicle on the market then.  

Nikola Tesla portrait. Photo by Thierry Ehrmann. Flickr.  

Early Innovations.

The history of innovation is a long and complicated one. Many famous names have been credited with major inventions, from Thomas Edison to Steve Jobs. However, one name stands out as an undisputed leader in the field: Nikola Tesla.  Tesla was born in Serbia in 1856, and his innovations have impacted the world since then. He worked on advances in electricity and magnetism that would eventually lead to inventions like laser beams, alternating current (AC) power systems, robotics, remote control technology, and so much more. His works are still relevant today; some of Tesla's technologies are even used by present-day companies such as Apple or Google for their devices or services.  Tesla's pioneering work continues to influence many aspects of modern technology today, from the power grids that keep our cities running to the wireless communication devices we use daily.  

Tesla's Store and Service Center. Photo by Maxim. Unsplash.  

Developing the Brand.

Tesla, Inc., the American automotive and energy company, has been a leader in electric vehicles since its inception in 2003. Over the last 17 years, Tesla has made incredible strides in developing and innovating their brand to become one of the most recognizable names in automobiles.  Today, Tesla is present in over 30 countries, and their electric vehicles are some of the most sought-after on the market. Through revolutionary products such as Autopilot, solar roofs, and even a pickup truck slated for production later this year, Tesla continuously pushes boundaries that were once thought impossible. Innovation from CEO Elon Musk has been a major factor in Tesla Inc's high-level achievements by pioneering electrification technology within the auto industry.  

Tesla Model S as electric taxi. Photo by Otmezger. Flickr.  

Recent Accomplishments.

The Tesla company has been making waves in the automotive industry recently. Tesla has unveiled several products, including electric vehicles like the Model S and Model X, as well as new energy storage solutions such as Powerwall and Solar Roof. In addition to these products, Tesla is also working on autonomous driving technology and self-driving cars. Some innovations have given consumers access to safer transportation options that reduce air pollution levels and lower overall carbon emissions. Tesla's accomplishments don't stop there; they have recently announced plans to expand their operations globally by opening new factories in China and Germany.  

Tesla production line. Photo by Windell Oskay. Flickr.  

Future Prospects.

At present, Tesla has not only made significant strides in becoming an established leader in electric vehicle production but it also is providing energy storage solutions for homes and businesses. With a passionate customer base and ambitious plans for the future, the company looks to continue its growth and further expand its influence worldwide.  In recent years, Tesla's innovation has greatly expanded its global presence with multiple car factories located around the globe. This expansion into new markets will enable Tesla to develop a larger customer base while continuing to provide quality electric vehicles that are efficient, stylish, and affordable.  

  Impact on Automotive Industry.

The automotive industry has experienced a major shift in recent years, largely due to the impact of Tesla. The revolutionary electric car manufacturer is responsible for some of the most significant changes in the industry since its inception. Tesla has revolutionized both vehicle production and design. The company's use of cutting-edge technology has enabled them to create vehicles with longer ranges and faster acceleration than traditional gas-powered cars. They have also introduced innovative features such as Autopilot, which allows drivers to navigate independently without any physical input from the driver. These advances have allowed Tesla to dominate the luxury electric car market and significantly impact how other automakers are designing their vehicles today. Tesla's success has been largely driven by its focus on customer satisfaction and its commitment to environmental sustainability.  

Conclusion.

In conclusion, They have come a long way from their humble origins. The company has grown from a small, independent manufacturer to a global leader in the automotive industry. Tesla's innovative approach to design and technology has revolutionized the industry and given us a glimpse into the future of transportation. Their commitment to sustainability and environmental protection is even more impressive, making them an example for other companies. As technology advances, so will Tesla and its unique vision for our future on the roads.   Sources: THX News & Wikipedia. Read the full article

Elon Musk Reveals CuttingEdge FSD Beta with Tesla AI in Live Demo #automobile #teslainc #shorts

In this live demo, Elon Musk unveils the cutting-edge Tesla FSD (Full Self-DrivingVersion) with Tesla AI. This is Drone footage of Tesla FSD Alpha Version: https://www.youtube.com/watch?v=aWKPXFTxRzs&t=2s This is the full demo: https://www.youtube.com/watch?v=rlNxeK6RYZ0&t=1s This is a really interesting video for Tesla owners and enthusiasts. It shows the progress Tesla has made in recent years…

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Elon Musk's October Trial Proposal Agrees By Twitter Over $44 Billion Buyout Deal

Elon Musk's October Trial Proposal Agrees By Twitter Over $44 Billion Buyout Deal Twitter, a social network company, says it agrees to Elon Musk's proposal to start on October 17 a trial over a $44 billion buyout deal #elonmusk #elonmusknews #twitter #TwitterInc #teslaceo #elonmusktwitter #musktwittertrial #delawarejudge #octobertrial #socialnetwork #TeslaInc #twitterbuyoutdeal

The social network company Twitter Inc says it agrees to Elon Musk’s proposal to start on October 17 a trial over his bid to walk away from his $44 billion buyout deal. However, the social media company wants a commitment to complete the trial in five days, Twitter said in a court filing on Wednesday. Elon Musk has said that he needed time to complete a thorough investigation of what he says is…

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Elon Musk's Compensation From Tesla for 2020 Was 'Zero'

Tesla is now sitting on $2.5 billion of bitcoin

Tesla is sitting on roughly $2.5 billion value of bitcoin, in response to a securities submitting, giving the automaker a big acquire on paper just some months after investing. The automaker stated its funding within the risky cryptocurrency was value $2.48 billion on the finish of March. The firm introduced earlier this 12 months that it had bought $1.5 billion worth of bitcoin and deliberate to just accept it as cost for automobiles. Tesla stated Monday it registered a web acquire of $101 million from gross sales of bitcoin in the course of the quarter, serving to to spice up its net profits to a record high in the first quarter. That determine included a $27 million impairment and $128 million in realized beneficial properties, in response to Wednesday's submitting. Tesla doesn't account for bitcoin as a mark-to-market asset, which means it solely acknowledges an earnings profit if it sells to lock within the beneficial properties. Bitcoin was buying and selling close to $59,000 on the ultimate day of March, barely above its value Wednesday morning. The crypto asset has swung broadly within the intervening weeks, buying and selling effectively above $60,000 earlier than falling sharply to beneath $50,000. Shares of Tesla had been down 1.6% in premarket buying and selling Wednesday. Read the full article

टेस्ला की GAAP नेट इनकम $438M तक पहुंच गई, और non-GAAP नेट इनकम कंपनी के इतिहास में पहली बार $1 बिलियन से अधिक हो गई है। Tesla's GAAP net income reached $438M, and non-GAAP net income exceeded $1 billion for the first time in the company's history. Tesla Inc को 2021 के Q1 में $438 मिलियन की नेट इनकम हुई। Tesla Inc ने सोमवार को कहा कि Q1 के दौरान रेवेन्यू 74% बढ़कर 10.4 बिलियन डॉलर हो गया है, जिसमें ऑटोमोटिव ग्रॉस मार्जिन 26.5% रहा। 2020 की Q1 में नेट इनकम $16 मिलियन था। Tesla Inc netted $438 million in Q1 of 2021. Tesla Inc said on Monday that revenue grew 74% to $10.4 billion during Q1, with automotive gross margin at 26.5%. Net income was $ 16 million in Q1 of 2020. #टेस्ला #tesla #teslalife #teslaowner #teslalove #teslainc #elonmusknews #elonmusktweets #teslacarsclub #teslafactory #teslasolar #teslapickup #cybertruck (at India) https://www.instagram.com/p/COLTYy1niSz/?igshid=1nj4vj2jwgbgy

Tesla Roadster 2008 & Tesla Model 3 2018 Marca/Brand: Hot Wheels País/Country: Estados Unidos da América/United States of America 🇺🇸 Fabricante/Make: Tesla, Inc. Modelo/Model: Tesla Roadster 2008 & Tesla Model 3 2018 Criação de/Design by: "Julian Thomson" / Franz von Holzhausen Condutor/Driver: - #DieCast #HotWheels #Tesla #TeslaRoadster #TeslaModel3 #TeslaInc #10YearsChallenge #10YearsInTheLife (em Cond Res Colinas da Saúde) https://www.instagram.com/p/CHB-YmElNIr/?igshid=16tftb9ltaauw

Tesla, el 'auto más seguro', causa daño cerebral a una mujer

] SILICON VALLEY. * 26 de junio de 2020. | RT. La compañía de vehículos eléctricos Tesla Inc., de Elon Musk, ha sido demandada ante el Tribunal Superior de California, por un accidente que tuvo lugar hace casi un año en el que un Model 3 de la firma no funcionó correctamente y su conductor sufrió daño cerebral, informa Bloomberg. Musk había descrito al Modelo 3 de Tesla como el "automóvil más seguro jamás construido", y la compañía afirmó anteriormente que dicho vehículo tiene la "menor probabilidad de causar lesiones que cualquier auto jamás probado" por los organismos de regulación gubernamental. Sin embargo, esta nueva demanda, en la que se cree es el primer caso que implica a las bolsas de aire del fabricante, generan dudas sobre su seguridad. El accidente tuvo lugar en julio del 2019, cuando el Model 3 perteneciente a la familia de Kristian Edwards y su esposo Jason fue chocado por otro vehículo en una carretera en el estado de Maryland, lo que provocó que se estrellara contra una barandilla. Ninguna de las bolsas de aire del automóvil se desplegó y Edwards, profesora de la Universidad George Washington, que llevaba puesto el cinturón de seguridad, sufrió un traumatismo craneal grave, además de otras lesiones. Su hijo también resultó herido en el incidente. La familia afectada exige una compensación por los gastos médicos, la pérdida de ingresos, el dolor y sufrimiento relacionados con el accidente, según la demanda de 27 páginas presentada en la ciudad de Oakland. Los afectados declararon que la compañía "probó, fabricó, comercializó y distribuyó" un producto que fue lanzado en una "condición defectuosa e irrazonablemente peligrosa". "A pesar de que Tesla anuncia que el Model 3 es el automóvil más seguro que se haya fabricado, nuestra demanda alega que existen problemas fundamentales con las características de seguridad del automóvil", señaló el abogado Ted Leopold, quien representa a la familia. Además, dijo que espera que se revise el "diseño, desarrollo y pruebas de ese automóvil". En ocasiones anteriores, el piloto automático de Tesla se ha visto involucrado en varios accidentes, algunos de ellos fatales. Al respecto, la compañía ha reiterado que no se trata de un sistema de conducción autónoma y por lo tanto requiere la supervisión activa del conductor, quien debe estar listo para asumir el control del vehículo en cualquier momento. Read the full article

Tesla tested Model S prototype at Laguna Seca

SpaceX chief Elon Musk answers questions after the 2019 SpaceX Hyperloop Pod competition at the SpaceX headquarters in Los Angeles on July 21, 2019.   In a not so humble brag on Wednesday night, Tesla boasted that it beat the record for the fastest four-door sedan at Laguna Seca, the famed race track in Monterey, California. The company drove the lap with a new, prototype version of its pure battery electric sedan, the Model S, one with 3 motors and a new 'Plaid' powertrain. The company's official Twitter account crowed: "We lapped Laguna Seca @WeatherTechRcwy in 1:36.555 during advanced R&D testing of our Model S Plaid powertrain and chassis prototype (That's a second faster than the record for a four-door sedan)" The next closest record for a four-door was set by a 2016 Cadillac CTSV back in 2015. A video that Tesla shared showed a driver taking a lap at Laguna Seca, going at speeds as high as 115 miles per hour in some stretches. Tesla did not disclose the name of the person behind the wheel, but said in a subsequent tweet that they were "A member of the Tesla development team (amateur driver)." Elon Musk touted the lap as a "record" in an earlier tweet. He wrote on Tuesday: "Model S just set record for fastest 4 door ever at Laguna Seca, video tmrw." But a spokesperson for Laguna Seca wrote in an e-mail to WSM: "We were not officiating while the Tesla was testing on the track. Official records only happen during sanctioned events where a sanctioning body is officiating." Tesla said it had no further information to offer about the Laguna Seca lap at this time. The Plaid powertrain will eventually be included in future versions of Tesla's Model S, Model X and Roadster vehicles, but not its Model 3 or Model Y, according to CEO Elon Musk. He revealed that information, as well as vague pricing details, while chatting up his followers and fans on the social network, also on Wednesday night. Specifically, Musk wrote: "Yes. To be clear, Plaid powertrain is about a year away from production & applies to S,X & Roadster, but not 3 or Y. Will cost more than our current offerings, but less than competitors." Answering questions from fans and followers on Twitter, Musk also revealed that the company plans to offer its Plaid powertrain for both "base" and the more expensive "founders series" versions of the new version of the Roadster. Last week, Musk said he would send a Model S to Nürburgring, referring to a famously challenging track there, the Nordschleife a.k.a. "Green Hell." That promise implied that Musk believes the Model S can best Porsche's new battery electric offering, the Taycan, on its home turf. After a few mocking comments about the Taycan, upon its debut, Musk did eventually tip his hat, writing that the Porsche EV seems like a good car, and had made great time at Nürburgring. Since Musk threw out the Model S challenge, Nico Rosberg — the pro race car driver — publicly offered his services for the eventual record attempt in what is expected to be a tuned and modified version of the Model S. Read the full article

Say hi there to the car mashup of the century! I suggest, in case your Tesla vehicle could have a bio-risk mode, how a long way are we in reality from your vehicle being able to tour via time and area? If Elon may want to, Elon certainly would, proper? The Tesla x SpaceX x BTTF combination comes from the thoughts of Charlie Nghiem, a maverick car fashion designer who’s even made a Tesla x Rimowa concept collab. This holy-trinity mashup functions both of Elon Musk’s contemporary ventures, electric car organisation Tesla, and space exploration assignment SpaceX, along with an unlikely third, the DeLorean from Back To The Future (Musk is a Rick and Morty fan, so perhaps he loves BTTF too?) The car looks like a pimped out Tesla Roadster complete with all the trims and the large afterburners from the BTTF car. The automobile’s even got a hoverboard casually resting towards its aspect, and features a SpaceX logo at the bottom of the C pillar, because in which they’re going, they don’t want roads tesla concept truck, tesla roadster, who founded tesla, tesla products, tesla wiki, tesla model 3, tesla model y, tesla inc Read the full article

Tesla unveils $199-a-month Full Self-Driving subscription plan — but there’s a catch Tesla Inc. has unveiled a $199-a-month s... Read the rest on our site with the url below https://worldwidetweets.com/tesla-unveils-199-a-month-full-self-driving-subscription-plan-but-theres-a-catch/?feed_id=48487&_unique_id=60f4f348d750c #AlternativeFuelVehicles #article_normal #Automobiles #CampEIndustryNewsFilter #ContentTypes #corporate #CorporateIndustrialNews #Earnings #FactivaFilters #FinancialPerformance #industrialnews #MotorVehicles #SalesFigures #TeslaInc. #TSLA

Bitcoin attempts to close in on $40,000 after Elon Musk said he spoke to miners about energy usage

Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.Artur Read the full article