Tesla temporarily closes Shanghai factory over coronavirus concernsTesla has shut down its Shanghai factory as part of a broader order by the Chinese government to stem the spread of the coronavirus in the region, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the […]
Read moreFacebook will pay $550 million to settle class action lawsuit over privacy violationsFacebook will pay over half a billion dollars to settle a class action lawsuit that alleged systematic violation of an Illinois consumer privacy law. The settlement amount is large indeed, but a small fraction of the $35 billion maximum the company could have […]
Read moreTesla to begin deliveries of Model Y by end of first quarterTesla said Wednesday that production of the Model Y started this month with the first deliveries of the all-electric compact crossover to begin by the end of the first quarter as the company pushes to extend its profitability streak. Production of the Model Y […]
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NASA finds real uses for VR and AR in astronomy and engineeringYears after the advent of decent VR hardware, there are still precious few ways the technology has been employed as anything other than a game or gimmick. One team at NASA, however, has been assembling useful science and engineering applications, with promising and unique […]
Read moreTesla shares jump on profitable quarter, Model Y productionTesla continued its profitability streak in the fourth quarter, earning $105 million and generating nearly $7.4 billion in revenue, results that beat expectations and sent shares higher in after-market trading Wednesday. Tesla also announced Wednesday that production of the Model Y started this month at its Fremont, […]
Read moreMicrosoft shares rise after it beats revenue, profit expectations, Azure posts 62% growthToday Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%) and diluted earnings per share of $1.51. Investors had expected the company to report profit of $1.32 […]
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Facebook hits 2.5B users in Q4 but shares sink from slow profitsFacebook beat Wall Street estimates in Q4 but slowing profit growth beat up the share price. Facebook reached 2.5 billion monthly users, up 2%, from 2.45 billion in Q3 2019 when it grew 1.65%, and it now has 1.66 billion daily active users, up […]
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