Apple is increasingly focusing on building its own devices and expanding its ecosystem by taking steps towards a more native experience for users and relying less on third-party accessories. While the Cupertino-based tech giant's HomePod and AppleTV have left quite the mark in the smart home category, it generally relies more on outsourcing cameras and other hardware for smart homes. Now, a new report suggests that the company intends to create a fully integrated experience by developing its own smart home accessories. Gurman hints about Apple working on making smart home products like security cameras for a more integrated experience […]
We’re continuing our Best of Black Friday posts today with a look at the best current deals on power stations and their respective bundle options. Folks across the country and beyond have been steadily investing more and more in the industry for a vari...
Blizzard has announced that two decades after its release, World of Warcraft is finally going to let players build a home and live in it. The feature has long been requested by WoW players and now it’s finally coming in the game’s next expansion.Read m...
Guild Wars 2: Janthir Wilds will receive the Godspawn update, adding a new 50-player boss battle, a new 10-player raid, and a legendary spear. Guild Wars 2: Janthir Wilds is getting the first major update "Godspawn" on November 19th, expanding the story with new story chapters The MMORPG Guild Wars 2 by ArenaNet is receiving its first major update for the Janthir Wilds expansion soon. It's the first of three major updates, and it'll land on November 19. The update will add new content to the game for the players. The Janthir Wilds expansion DLC was released in August this year, […]
Tesla is ramping up AI-based developments since the firm plans to build a $500 million Dojo supercomputer powered by NVIDIA's AI GPUs. Tesla To Spend Billions on AI Hardware From NVIDIA & AMD, As The Firm Transitions Towards Next-Gen FSD Capabilities Dojo is Tesla's custom supercomputer platform constructed for AI machine learning and video training by utilizing the video data delivered from its line of vehicles. The supercomputer is mainly targeted toward catering to the goal of "fully autonomous" vehicles and is an important element in Tesla's success as the company requires a hefty amount of computing for artificial intelligence […]
Tesla has now announced its earnings for the fourth quarter of 2023, broadly missing consensus estimates for key financial metrics. Before delving straight into Tesla's financial performance for Q4 2023, do go over Wall Street's consensus expectations for key metrics summarized in the above chart. Tesla (NASDAQ: TSLA) Q4 2023 Earnings Tesla has reported $25.167 billion in revenue for the third quarter of 2023, missing consensus expectations of $25.722 billion (as per Tesla's IR-compiled consensus estimate). The following snippet summarizes the EV giant’s production activities during the quarter: Typically, the fourth quarter is the strongest sales period for Tesla, and […]
Tesla bulls, such as Future Fund's Gary Black, have repeatedly called on the EV giant to launch a cheaper model to better compete with the likes of BYD, which has now zoomed past Tesla to become the world's largest producer of electric vehicles. This call now appears closer than ever to being answered if the latest scoop from Reuters pans out. To wit, as per a Reuters report, Tesla has informed its suppliers that it wants to begin production of an entry-level $25,000 EV, dubbed "Redwood" internally, by June 2025. The company has already sent requests for price quotes to […]
Electric vehicle manufacturer Tesla is at the center of a bearish analyst note by one of its biggest fans, Morgan Stanley, who has reduced its share price target for the company. Tesla, the world's largest EV manufacturer, struggled during 2023 as high inflation coupled with a slow credit environment led to a sales slowdown. Now, Morgan Stanley believes that Tesla is in for more pain this year, as the bank reduces the firm's share price target by 9.2% to $345 from an earlier $380. Global EV Market Is Facing Demand Supply Mismatch Says Morgan Stanley As Part Of Its Tesla […]
Tesla shares are not partying with the rest of the "Magnificent 7" grouping of high-flying, growth-focused stocks, hammered by the residual fears of persistent demand weakness prompting additional price cuts, which then bleed into the company's all-important gross margin metrics. Consider the fact that the EV giant's shares are down around 13 percent in the first two weeks of 2024. Against this relatively morose backdrop, Elon Musk has now opened a whole new "can of worms" by publicly asking for a 25 percent voting control over Tesla, as per a new investment note from Jeffries. I am uncomfortable growing Tesla […]
Elon Musk famously sold Tesla shares worth billions of dollars in the past few years to pay off his tax liabilities and then to acquire the X social media platform at a nosebleed valuation. Those equity liquidations are now coming back to haunt him. I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don’t seem to understand… — Elon Musk (@elonmusk) January 15, […]
It was just over two years ago that Hertz spurred a fierce rally in Tesla shares when it announced its intention to buy 100,000 Tesla EVs. Now, as the EV mania has cooled down substantially, euphemistically speaking, Hertz is abandoning its aggressive EV push in favor of conventional Internal Combustion Engine (ICE) vehicles. Back in October 2023, Hertz had announced that it would slow down its pace of EV acquisition, citing Tesla's price cuts and their second-order effect on the residual value, as well as higher-than-expected repair costs for the company's growing EV fleet. At the time, the car rental […]
To say that Tesla had a tumultuous 2023 would be an understatement. After all, the just-concluded year saw the EV giant's margins plummet to a nadir that would not have been computed in most analysts' expectations back in 2022, all in a bid to cut prices and stave off a steeper plunge in the demand for Tesla's offerings. Nonetheless, Elon Musk's iconic company appears to have pulled off another miracle of sorts, having ended 2023 on a decidedly optimistic note. The $TSLA IR-compiled consensus for 4Q delivs is 480.5K, which implies a FY’23 total of 1,805. TSLA will report 4Q […]
Tesla is ramping up AI-based developments since the firm plans to build a $500 million Dojo supercomputer powered by NVIDIA's AI GPUs. Tesla To Spend Billions on AI Hardware From NVIDIA & AMD, As The Firm Transitions Towards Next-Gen FSD Capabilities Dojo is Tesla's custom supercomputer platform constructed for AI machine learning and video training by utilizing the video data delivered from its line of vehicles. The supercomputer is mainly targeted toward catering to the goal of "fully autonomous" vehicles and is an important element in Tesla's success as the company requires a hefty amount of computing for artificial intelligence […]
Tesla has now announced its earnings for the fourth quarter of 2023, broadly missing consensus estimates for key financial metrics. Before delving straight into Tesla's financial performance for Q4 2023, do go over Wall Street's consensus expectations for key metrics summarized in the above chart. Tesla (NASDAQ: TSLA) Q4 2023 Earnings Tesla has reported $25.167 billion in revenue for the third quarter of 2023, missing consensus expectations of $25.722 billion (as per Tesla's IR-compiled consensus estimate). The following snippet summarizes the EV giant’s production activities during the quarter: Typically, the fourth quarter is the strongest sales period for Tesla, and […]
Tesla bulls, such as Future Fund's Gary Black, have repeatedly called on the EV giant to launch a cheaper model to better compete with the likes of BYD, which has now zoomed past Tesla to become the world's largest producer of electric vehicles. This call now appears closer than ever to being answered if the latest scoop from Reuters pans out. To wit, as per a Reuters report, Tesla has informed its suppliers that it wants to begin production of an entry-level $25,000 EV, dubbed "Redwood" internally, by June 2025. The company has already sent requests for price quotes to […]
Electric vehicle manufacturer Tesla is at the center of a bearish analyst note by one of its biggest fans, Morgan Stanley, who has reduced its share price target for the company. Tesla, the world's largest EV manufacturer, struggled during 2023 as high inflation coupled with a slow credit environment led to a sales slowdown. Now, Morgan Stanley believes that Tesla is in for more pain this year, as the bank reduces the firm's share price target by 9.2% to $345 from an earlier $380. Global EV Market Is Facing Demand Supply Mismatch Says Morgan Stanley As Part Of Its Tesla […]
Tesla shares are not partying with the rest of the "Magnificent 7" grouping of high-flying, growth-focused stocks, hammered by the residual fears of persistent demand weakness prompting additional price cuts, which then bleed into the company's all-important gross margin metrics. Consider the fact that the EV giant's shares are down around 13 percent in the first two weeks of 2024. Against this relatively morose backdrop, Elon Musk has now opened a whole new "can of worms" by publicly asking for a 25 percent voting control over Tesla, as per a new investment note from Jeffries. I am uncomfortable growing Tesla […]
Elon Musk famously sold Tesla shares worth billions of dollars in the past few years to pay off his tax liabilities and then to acquire the X social media platform at a nosebleed valuation. Those equity liquidations are now coming back to haunt him. I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don’t seem to understand… — Elon Musk (@elonmusk) January 15, […]
It was just over two years ago that Hertz spurred a fierce rally in Tesla shares when it announced its intention to buy 100,000 Tesla EVs. Now, as the EV mania has cooled down substantially, euphemistically speaking, Hertz is abandoning its aggressive EV push in favor of conventional Internal Combustion Engine (ICE) vehicles. Back in October 2023, Hertz had announced that it would slow down its pace of EV acquisition, citing Tesla's price cuts and their second-order effect on the residual value, as well as higher-than-expected repair costs for the company's growing EV fleet. At the time, the car rental […]
To say that Tesla had a tumultuous 2023 would be an understatement. After all, the just-concluded year saw the EV giant's margins plummet to a nadir that would not have been computed in most analysts' expectations back in 2022, all in a bid to cut prices and stave off a steeper plunge in the demand for Tesla's offerings. Nonetheless, Elon Musk's iconic company appears to have pulled off another miracle of sorts, having ended 2023 on a decidedly optimistic note. The $TSLA IR-compiled consensus for 4Q delivs is 480.5K, which implies a FY’23 total of 1,805. TSLA will report 4Q […]