The automaker has posted its first yearly drop in sales since the onset of the pandemic, CNN reports.
.
The company reportedly built
433,000 units but only delivered 387,000.
That's significantly less than the 484,507 vehicles
it delivered in the last three months of 2023.
Tesla shares fell 5% on April 1.
.
Tesla partially attributed the sales
drop to increased production of the
updated Model 3 at its factory in Fremont.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
Additionally, its factory in Germany shut down for a week because of an arson attack.
.
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports.
.
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports.
.
Wedbush Securities analyst Dan Ives
referred to Tesla demand in China as
"very soft coming out of the gates for 2024.".
While we were anticipating a bad first
quarter, this was an unmitigated
disaster that is hard to explain away, Wedbush Securities analyst Dan Ives, via note to clients.
We view this as a seminal moment
in the Tesla story for Musk to either
turn this around and reverse the
black eye first quarter performance.
, Wedbush Securities analyst Dan Ives, via note to clients.
Otherwise, some darker days could
clearly be ahead that could disrupt
the long-term Tesla narrative, Wedbush Securities analyst Dan Ives, via note to clients
Elon Musk , Welcomes 12th Child.
Musk and Neuralink executive Shivon Zilis welcomed their third child together earlier this year, CBS News reports.
Musk recently confirmed the birth in a
'New York Post' interview but didn't
share the baby's name or sex.
He also addressed rumors
that the birth was a secret.
As for 'secretly fathered,'
that is also false. , Elon Musk, to the 'New York Post'.
All our friends and family know. Failure
to issue a press release, which would
be bizarre, does not mean 'secret.', Elon Musk, to the 'New York Post'.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
He had a third child with Grimes in 2023.
In a 2022 tweet, Musk said that declining
birth rates represent "the biggest
danger civilization faces by far.".
He also said, "Doing my best to
help the underpopulation crisis.".
Many countries are already well
below replacement rate, and the
trend is that almost all will be. This is
simply a fact, not a 'debunked theory.', Elon Musk, to the 'New York Post'.
Musk also fathered six children with
Justine Wilson, although they lost their first child to Sudden Infant Death Syndrome (SIDS).
He was married to the
Canadian author from 2000 to 2008
Credit: Wibbitz Top Stories Duration: 01:30Published
Musk Threatens Ban , After Apple Announces , OpenAI Partnership.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
That is an
unacceptable
security violation, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
And visitors will have to
check their Apple devices
at the door, where they will
be stored in a Faraday cage, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
On June 10, Apple announced a number of
new AI features to be introduced across
the company's apps and operating platforms. .
Apple also announced a new partnership
with OpenAI that will see ChatGPT technology
added to all of the company's devices.
According to Apple,
privacy was "at the core"
of its efforts to integrate AI.
It's patently absurd that
Apple isn't smart enough
to make their own AI, yet is
somehow capable of ensuring
that OpenAI will protect
your security & privacy!, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Reuters reports that Musk's xAI has been
valued at $24 billion, after raising $6 billion in
series B funding during its last funding round
Credit: Wibbitz Top Stories Duration: 01:30Published
Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Global Holdings has been trying
to unload Teslas since January.
The move comes after Hertz
revealed plans to buy hundreds of
thousands of electric vehicles (EVs) in 2021.
Our EVs can be found nationwide
in most major metros and
averaging around $25,000, Hertz spokesperson, via email to CNBC.
The sale reflects the EV market's
waning pace of growth.
Even though sales of electric vehicles have "more than quadrupled from 2020 to 2023,".
automakers are currently more concerned about selling hybrids, CNBC reports. .
So if you've been eyeing a Tesla for a
while but waiting for a more manageable price, Hertz' sale may be your answer.
Hertz-certified vehicles undergo
a 115-point inspection and come with
a 12-month/12,000 mile warranty.
Some used EVs are also eligible for tax credits.
Used car expert Yossi Levi offered tips
for purchasing used electric vehicles.
The best bang for the buck
for consumers in the market today,
bar none, is the used electric vehicle.
And the best-value purchase
is likely a three-year-old EV, Yossi Levi, Car Dealership Guy, via CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Some Early Tesla Bulls , Are Ditching the Stock.
Reuters reports that Tesla's shares
are down about 30% this year.
Since 2021, shares have fallen
over 50%, causing the company to
lose $600 billion in market value. .
Q1 results fell short of analysts' expectations.
As a result, many of Tesla's
institutional shareholders are saying
goodbye to the stock, Reuters reports. .
Gabelli Funds sold all of
its 65,900 shares in Q1. .
It started to feel like the
fundamentals were becoming
detached from reality. , John Belton, a portfolio manager at Gabelli Funds, via NPR .
We think the stock works best when
there are auto company fundamentals
that justify the stock price, John Belton, a portfolio manager at Gabelli Funds, via NPR .
Ross Gerber of Gerber Kawasaki Wealth
& Investment Management has sold
about 200,000 Tesla shares this year. .
I think the story is over,
is the best way to say it, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
Over the last year and a half, Elon’s
personal quests based on the way that
he sees the world have superseded the
interests of Tesla and its shareholders, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
However, not all of Wall Street
has given up on the stock.
Five mutual funds tracked by Morningstar
increased their Tesla shares last quarter,
and 19 analysts have given Tesla a "buy" or "strong buy" rating, Reuters reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Tesla Recalls Vehicles , Over Faulty Seat Belt Warning System.
Over 125,000 Tesla vehicles are being recalled in the U.S., the National Highway Traffic Safety Administration (NHTSA) said on May 31.
The recall is due to a seat belt warning
system malfunction, NBC News reports. .
Some vehicles failed to flash
warning lights or make noise when a
driver didn't buckle up, the regulator said. .
The following vehicles
are affected by the recall:.
2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y. .
An over-the-air software update will be released by Tesla in June to fix the issue.
Tesla recalled another 200,000 vehicles in January over a software malfunction that could impede drivers' visibility when reversing.
Almost 4,000 Cybertrucks were also recalled in April over a faulty accelerator pedal pad.
Last month, auto safety regulators
launched an investigation to determine
whether Tesla's December recall of
over 2 million vehicles was adequate.
The recall was to implement new Autopilot safeguards following a string of crashes.
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
US Navy fighter pilots came home to Virginia feeling relieved Friday after months of shooting down Houthi-launched missiles and drones off Yemen's coast in the most intense running sea battle the Navy has faced since World War II.F/A-18 Super Hornets swooped over waiting families in a low formation before landing at their base in Virginia Beach.
#HouthisStrike #REDSEASKIRMISH #ISRAELHAMASWAR #ONEINDIA #ONEINDIANEWS
~HT.178~ED.346~PR.274~GR.124~
Yemen's armed forces have escalated their attacks in the Red Sea, targeting the ship "Charysalis" with missiles and drones. These strikes are part of Yemen's retaliation against Israel's actions in Gaza and support for Palestinians. Yemen vows to continue such operations until the Gaza siege ends. The attacks have significantly disrupted global shipping, forcing vessels to reroute around Africa. Meanwhile, large-scale demonstrations in Yemen show public support for Gaza.
#Yemen #HouthiRebels #RedSeaAttack #Charysalis #Gazattack #Gazawar #IsraelPalestine #IsraelYemen #HouthiAttackIsrael #RedSeaAttack #Worldnews #Warnews #Oneindia #Oneindianews
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In this video, we delve into the recent statements made by Abdul-Malik al-Houthi, leader of the Ansarullah movement, regarding Yemen's maritime operations. Houthi claims that US and UK naval forces are fearful of Yemen's ballistic missile capabilities and highlights the significant impact of Yemeni strikes against Israeli-affiliated vessels. We explore the broader implications of these actions, the ongoing conflict in Gaza, and Houthi's call for global solidarity with Palestine. Stay tuned for an in-depth analysis of these critical developments!
#Houthi #Yemen #IsraeliConflict #BallisticMissiles #Gaza #USNavy #UKNavy #Palestine #MiddleEast #ResistanceMovement
~HT.97~PR.274~ED.194~
Keir Starmer, the new Prime Minister of the United Kingdom, has taken a definitive stance on the ongoing Israel-Hamas conflict. This pivotal change in leadership raises questions about the future strategies and implications for Hamas, the Houthis, and Hezbollah. Join us as we delve into how the UK's foreign policy under Starmer might impact these groups and the broader geopolitical landscape in the Middle East. Stay tuned for an in-depth analysis of what lies ahead.
#KeirStarmer #UKPrimeMinister #IsraelHamasConflict #MiddleEastPolitics #Hamas #Houthis #Hezbollah #ForeignPolicy #OneindiaNews
~PR.274~ED.101~HT.95~
The Houthi rebels have released a provocative music video titled "Ship, Ship 2024," mocking Israel and its allies, particularly the U.S. and U.K. The high-budget production features characters resembling Netanyahu, Biden, and Sunak, satirizing the Gaza conflict and tensions in the Red Sea. The video concludes with a warning that "no ship will be spared," highlighting the Houthis' ongoing attacks on shipping lanes since November, which they claim are in solidarity with Palestinians.
#HouthiRebels #HouthiAttack #YemenRebels #YahyaSaree #Biden #Sunak #Netanyahu #HouthiAttack #Worldnews #Oneindia #Oneindianews
~HT.97~PR.320~ED.155~
Reports suggest Russia plans to arm Yemen's Houthi rebels with advanced anti-ship ballistic cruise missiles, potentially shifting Middle East power dynamics. This move could threaten Western interests, especially commercial shipping in the Red Sea. The Houthis, aligned with Iran, have increased attacks on vessels recently. Russia's closer ties with Iran and anti-Western alliances drive this cooperation. U.S. officials worry about escalating conflicts, particularly between Israel and Hezbollah, potentially deepening Iran-Russia military collaboration.
#RussiaUkrainewar #Ukrainewar #YemenHouthiRebels #HouthiRebels #PutinIran #Iranattack #Putinnews #Oneindia #Oneindianews
Houthi forces in Yemen claim attacks on four cargo ships belonging to the US, UK, and Israel. Spokesman Yahya Saree detailed strikes on vessels in the Arabian Sea, Red Sea, Indian Ocean, and Mediterranean Sea using cruise and ballistic missiles. The Houthis vow continued attacks in solidarity with Palestinians in Gaza, expanding their targets to include US and UK military ships. This escalation follows US-UK strikes on Houthi targets in Yemen, amid ongoing regional tensions involving multiple nations.
#Houthis #YemenHouthis #HouthiAttack #YemenStrikes #US #YahyaSaree #US-UK #Worldnews #IsraelGazawar #Oneindia #Oneindianews
Yemen's Armed Forces have introduced a new indigenous sea drone, codenamed Toofan Al-Modammer (Flood of Destruction), showcasing its capabilities in a recent video. The footage, released on Sunday, demonstrated the drone's destructive potential during an anti-Israeli operation. The video featured the unmanned surface vehicle (USV) targeting a ship named "Transworld Navigator" during a June 23 operation in the Red Sea. The drone was seen moving towards the ship before colliding with it, resulting in a powerful explosion.
#YemenConflict #Houthis #SeaDrone #ToofanAlModammer #RedSea #NavalWarfare #MilitaryTechnology #AntiIsraelOperation #MaritimeSecurity #DroneStrike #Warzone #MiddleEastTensions #ConflictUpdate #MilitaryInnovation #RegionalConflict
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British passengers - including some England football fans - have had to endure delays coming home from Germany after an "undefined odour" in the cabin forced.. Sky News
England fans in Germany are hopeful their side can defeat Spain in the final of the Euros tonight.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Donald Trump was shot at today during an election rally in Pennsylvania. The former US President is reported to be safe and recuperating under medical care. However, conflicting reports are emerging about the incident. While Trump asserts that he was shot with a bullet that pierced the upper part of his right ear, law enforcement officials claim he was hit by glass fragments, possibly from a teleprompter broken by the bullets. This discrepancy has fueled conspiracy theories, with some social media users calling the event a staged 'photo op' for sympathy and votes. President Biden has condemned the attack as "sick," and tech mogul Elon Musk has publicly endorsed Trump following the incident. The true details of what happened remain under investigation.
#TrumpShooting
#Election2024
#GlassOrBullet
#ConspiracyTheories
#TrumpRally
#PoliticalNews
#BreakingNews
#DonaldTrump
#USPolitics
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Supreme Court Rules , Against SEC's Authority, to Impose Fines.
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
The SEC relies on administrative
law judges (ALJ) to make legal conclusions
in cases brought before the agency.
The Supreme Court's decision has the potential
to send ripples through dozens of agencies,
from labor rights to energy regulation.
The Court did exclude from its decision those
agencies dealing with federal benefits, while some
conservative justices wanted the ruling to go further.
The three liberal justices
in dissent blasted the
decision by the majority. .
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
An in-house evidentiary hearing fined Jarkesy $300,000,
ordered him to pay back almost $700,000 in ill-gotten
profits and barred him from the securities industry.
Jarkesy argued that he was entitled to a jury trial
held in a federal court and that Congress lacked
the power to delegate such authority to the SEC.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk
Credit: Wibbitz Top Stories Duration: 01:31Published
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