Uncategorized – Page 203 – I wish I had more to offer

Technologycategory

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SAN FRANCISCO, April 19 (Reuters) – Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla (TSLA.O) likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it… Continue reading Untitled

Tesla’s margins drop on aggressive discounting, shares fall, article with image

April 19 (Reuters) – Tesla Inc (TSLA.O) missed market estimates for first-quarter margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. Elon Musk-led Tesla reported total gross margin of 19.3%, compared with expectations of 22.4%, according to 14 analysts polled… Continue reading Tesla’s margins drop on aggressive discounting, shares fall, article with image

Biden’s push for electric vehicles hits deep in the heart of Texas, article with gallery

SAN ANTONIO, Texas, April 19 (Reuters) – At Toyota Motor Corp’s (7203.T) sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra pickup truck or hybrid Sequoia SUV rolls off the assembly line every 60 seconds. “We can’t produce enough of the Sequoias and Tundras today,” said plant manager Kevin… Continue reading Biden’s push for electric vehicles hits deep in the heart of Texas, article with gallery

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BRUSSELS, April 19 (Reuters) – Forty-two German associations and trade unions representing more than 140,000 authors and performers on Wednesday urged the European Union to beef up draft artificial intelligence rules as they singled out the threat to their copyright from ChatGPT. Trade unions for the creative sector Verdi and DGB and associations for photographers,… Continue reading Untitled

As EV costs tumble in China, an export wave builds, article with gallery

SHANGHAI, April 19 (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD (002594.SZ) are solving that problem in China – and getting ready to solve it for the world. China’s largest EV maker unveiled this week the Seagull at the Shanghai auto show,… Continue reading As EV costs tumble in China, an export wave builds, article with gallery

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Summary Companies Reports almost threefold jump in Q1 net profit Order intake down but backlog still over 38 bln euros China sales seen stronger in next nine months AMSTERDAM, April 19 (Reuters) – ASML Holding NV (ASML.AS) beat first-quarter earnings forecasts on Wednesday on continued strong demand for its chip making equipment, but noted some… Continue reading Untitled

Technologycategory

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April 18 (Reuters) – Public broadcaster Canadian Broadcasting Corporation (CBC) on Tuesday pushed back against Twitter’s move to label it “69% government funded media,” saying it had complete editorial independence. The Elon Musk-owned social media platform had on Sunday stamped CBC with a label that said it was government-funded media, after placing similar notices for… Continue reading Untitled

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April 18 (Reuters) – Alphabet’s Google LLC (GOOGL.O) on Tuesday convinced a U.S. appeals court to cancel three anti-malware patents at the heart of a Texas jury’s $20 million infringement verdict against the company. The U.S. Court of Appeals for the Federal Circuit said that Alfonso Cioffi and Allen Rozman’s patents were invalid because they… Continue reading Untitled