The news of electric car giant Tesla’s progress in launching its advanced driver-assistance feature in China has captured the attention of investors. However, Mark Hawtin, the investment director at GAM Investment Management, has provided a critical view on the situation. According to Hawtin, the expectations surrounding Tesla’s Full Self Driving (FSD) service in China are
Enterprise
Coinbase’s first-quarter earnings report was a mixed bag of results. While the company reported better-than-expected revenue, the stock was still trading about 2% lower in extended trading. The key highlights of the report include earnings of $4.40 per share, which exceeded analysts’ consensus, as well as revenue of $1.64 billion compared to the expected $1.34
Google recently underwent a reorganization within its “Core” teams, resulting in the layoff of at least 200 employees. The Core unit is responsible for building the technical foundation of the company’s flagship products and ensuring user safety online. The restructuring included moving some roles to India and Mexico, with key technical units like information technology,
The recent announcement from Tesla CEO Elon Musk regarding job cuts within the company’s Supercharger team has had a significant impact on Tesla’s stock performance. On Tuesday, Tesla shares fell nearly 6%, resulting in a 26% decrease in stock value for the year. Musk’s decision to cut an estimated 500 employees from the Supercharger team
In the first quarter of the year, Amazon managed to exceed expectations by reporting impressive earnings and revenue figures. This success was primarily driven by significant growth in its advertising and cloud computing segments. The company’s stock also saw an uptick in extended trading following the release of these positive results. Financial Overview and Key
Eight U.S. newspaper publishers recently filed a lawsuit against technology giants Microsoft and OpenAI, accusing them of using their articles in generative artificial intelligence products without permission. The publishers claim that both ChatGPT and Microsoft’s Copilot assistant have been reproducing their copyrighted articles without authorization, leading to inaccurate attributions of information. The group of newspaper
After a prolonged period of stagnation, the IPO market seems to be picking up pace once again. Colin Stewart, Morgan Stanley’s global head of technology equity capital markets, suggested that the market is back on track. He mentioned in an interview with CNBC that there could be 10 to 15 tech companies going public before
The tech industry, despite witnessing blockbuster earnings from giants like Alphabet and Microsoft, has been plagued by a wave of layoffs in recent years. Layoffs.fyi reported over 263,000 job losses in 2023 alone, with more than 75,000 job cuts recorded as of April 2024. This trend has raised concerns about the shift from growth-focused strategies
In spite of the difficulties faced by digital advertising companies in recent years, Meta reported an impressive first-quarter revenue growth of 27% to $36.5 billion. This marks a significant rebound for the company, especially after experiencing a downturn in 2022 due to macroeconomic challenges and the impact of Apple’s iOS privacy change. The company faced
The National Highway Traffic Safety Administration (NHTSA) released a report after a nearly three-year investigation revealing a “critical safety gap” in Tesla’s Autopilot system. This gap was found to have contributed to 467 collisions, with 13 resulting in fatalities and many more causing serious injuries. The analysis was based on 956 crashes where Tesla Autopilot