Twitter Inc on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has… Continue reading Twitter blames Musk, weak ad market for revenue drop, net lossAdvertising revenue rose just 2% to $1.08b
Tag: Tesla
Apple’s new U1-enabled Nearby Interactions feature is on its way
Apple developers got a taste of iOS 16’s new Nearby Interactions feature at WWDC last month that lets third-party smart devices talk to Apple’s ultra-wideband (UWB) U1 chips in the background for “new hands-free user experiences” — making things like activating a light bulb when just walking by it possible. Developers can take advantage of… Continue reading Apple’s new U1-enabled Nearby Interactions feature is on its way
Volkswagen CEO Herbert Diess to be replaced by Porsche chief in major shake-up
In a major shake-up, Volkswagen CEO Herbert Diess is stepping down as head of the world’s second-largest automaker and will be replaced by Porsche chief Oliver Blume, the company announced Friday. Blume will replace Diess in his role as chairman of the board of management on September 1st, the company announced. In a statement, Hans… Continue reading Volkswagen CEO Herbert Diess to be replaced by Porsche chief in major shake-up
Cadillac explains why Celestiq flagship EV is its most advanced vehicle in 120 years
Cadillac unveiled Friday a buzzier version of its future flagship EV, the six-figure Celestiq sedan slated to set the direction for the brand’s electrified portfolio. The show car model of the eagerly-awaited Celestiq represents the 120-year-old luxury brand’s most advanced vehicle yet, the company said. The one-off car previews what Celestiq could be when it… Continue reading Cadillac explains why Celestiq flagship EV is its most advanced vehicle in 120 years
Tesla Stock Vs. BYD Stock: Tesla Soars On Earnings; China EV Giant Targets Japan
Reuters Videos Tesla profit tops target; Musk sees no demand problem STORY: Tesla on Wednesday ended its streak of posting record quarterly revenues.But its drop in profit was smaller than expected, with a string of price hikes on its electric vehicles helping to offset production challenges caused by lockdowns in China.The EV-maker reported a total… Continue reading Tesla Stock Vs. BYD Stock: Tesla Soars On Earnings; China EV Giant Targets Japan
German Handelsblatt: Digitization in the car: ID models from Volkswagen are finally getting new software004779
Volkswagen ID.3 Das Elektromodell muss künftig für Software-Updates nicht mehr in die Werkstatt. (Foto: Reuters) Volkswagen kommt mit der Softwareausstattung seiner neueren Elektromodelle voran. Nach monatelangen Verzögerungen bekommen die in den vergangenen zwei Jahren ausgelieferten ID-Modelle jetzt ein neues Software-Update. Dafür müssen in Europa zwar mehr als 150.000 E-Autos noch mal einen ganzen Tag in die… Continue reading German Handelsblatt: Digitization in the car: ID models from Volkswagen are finally getting new software004779
Big tech companies are pulling back on hiring. Is it time to worry?
Image: Getty/Thomas Barwick Google and Microsoft have both instituted measures to slow hiring, marking the latest in a series of tech-giant moves to decrease new employment. Google CEO Sundar Pichai has announced initiatives to slow hiring for the rest of the year, and has paused most new offers for two weeks to reevaluate hiring plans,… Continue reading Big tech companies are pulling back on hiring. Is it time to worry?
German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004776
Powerful appearance The electric SUV BMW iX polarizes with its beefy looks. This car test is a ride against my prejudices – three of them at once. First: SUVs are as big as they are superfluous. In my opinion, apart from the driver’s need for recognition, they don’t fulfill any need that a station wagon… Continue reading German Handelsblatt: Electromobility: A trumpet with many tricks – the BMW iX xDrive 50 in the Handelsblatt Autotest004776
Elon Musk is at risk of losing top Tesla lieutenant over suspicious order of ‘special glass’
Elon Musk is reportedly at risk of losing his top lieutenant at Tesla over a suspicious order of ‘special glass’ that some suspect might have been for the CEO. Omead Afshar’s official position at Tesla is director of the office of the CEO – Elon Musk’s office. But in practice, he has been seen as… Continue reading Elon Musk is at risk of losing top Tesla lieutenant over suspicious order of ‘special glass’
Clean Technica: Tesla Vehicle Deliveries Up 27%, Tesla Solar Up 25%, Superchargers Up 34%002125
In Tesla’s 2nd quarter report released a few hours ago, the company provided an update on vehicle delivery growth, rooftop solar installation growth, Supercharger growth, service center growth, mobile service fleet growth, and more. Now that we’ve explored Tesla’s 2nd quarter financials, let’s look at these other matters. Tesla Model 3 & Y Production &… Continue reading Clean Technica: Tesla Vehicle Deliveries Up 27%, Tesla Solar Up 25%, Superchargers Up 34%002125