Posts

Wall Street wants answers on robotaxis and 'physical AI' as Tesla gears up for earnings

Image
Bloomberg/Getty Images Tesla earnings are on deck and Wall Street is eager for answers about the EV maker's big initiatives. Analysts are focused on robotaxi deployment and humanoid robots, pillars of the bull thesis for the stock. It's also the first report since SpaceX went public. Expect questions to come up about a possible merger. Tesla reports second-quarter earnings after closing bell on on Wednesday, and Wall Street analysts have some pressing questions about Elon Musk's ambitions for the EV maker. While Tesla deliveries recently showed that sales are rebounding, Tesla stock hasn't reflected renewed bullishness from investors. Shares are down 15% year-to-date, making the stock among the weakest of the Magnificent Seven. Investors and analysts hope the Q2 earnings report will offer insight into how Musk plans to reinvigorate the bullish sentiment in the latter part of the year. Key to the bull thesis are robotaxi deployment and humanoid robots, which upbeat Wa...
Post a Comment
Read more

Apple teams up with Klarna to launch a lease-to-own program for iPhones, iPads, and Macs

The new leasing program is a big change for the hardware company, and comes as it looks to raise prices on many of its products. from TechCrunch https://ift.tt/7m5S8C3 via IFTTT
Post a Comment
Read more

Paramount's WBD deal is on pause after judge orders a merger delay

Image
David Ellison, the Paramount Skydance CEO, ran into a roadblock after a lawsuit from California Attorney General Rob Bonta. Valerie Macon / AFP via Getty Images; Mel Melcon / Los Angeles Times via Getty Images A judge just issued a temporary restraining order pausing Paramount Skydance's acquisition of WBD. California and 11 other states filed a lawsuit against Paramount over its WBD deal. Next, the judge will decide whether to issue a preliminary injunction, which would further delay the deal. Paramount Skydance's plan to buy Warner Bros. Discovery has been put on ice — for now. David Ellison's Paramount was just ordered to pause its merger with WBD after a ruling from Araceli Martinez-Olguin, a Joe Biden-appointed judge for the US District Court in California. The temporary restraining order was granted by Martinez-Olguin on Monday, a week after 12 states sued Paramount to block its acquisition of WBD. The order lasts for 14 days and can be extended. The judge wrote in...
Post a Comment
Read more

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

The one-year-old startup aims to reinvent financial architecture for autonomous AI transactions. from TechCrunch https://ift.tt/7UF6zwo via IFTTT
Post a Comment
Read more

Netflix paid $587M for Ben Affleck’s AI filmmaking startup

Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by Ben Affleck. from TechCrunch https://ift.tt/gdnWBH0 via IFTTT
Post a Comment
Read more

What to watch for after Jensen Huang’s Japan visit

Jensen Huang left Tokyo with deals spanning Japan's entire tech ecosystem. from TechCrunch https://ift.tt/NmR5ufz via IFTTT
Post a Comment
Read more

Can an Apple lawsuit derail OpenAI’s hardware plans?

On the latest episode of Equity, we debate whether Apple's lawsuit will cast over OpenAi's much-discussed plans to get into hardware and go public. from TechCrunch https://ift.tt/odc4jw9 via IFTTT
Post a Comment
Read more