Tesla on Tuesday reported a significant drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales. The automaker said it earned $1.5 billion in the year’s second quarter on revenue of $25.5 billion. In the second quarter of 2023, Tesla earned $2.7 billion and had … Read more
Atlanta CNN — Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning as problems caused by last week’s global technical outage continued into a fifth day. Worse news: Delta’s meltdown will likely stretch to the end of the week. By 2 p.m. ET, the Atlanta-based carrier had canceled 466 flights … Read more
Tesla (TSLA) reported mixed results for the second quarter after hours on Tuesday, although the electric car maker said it was on track for production of new vehicles, likely a cheaper electric car, in the first half of 2025. Tesla also said its growth rate in 2024 would be “significantly lower” than it achieved in … Read more
Spotify technology (STAIN) reported fiscal second-quarter results on Tuesday that beat expectations as the audio giant reported record profit, gross margin and free cash flow in the quarter following its recent “efficiency strategy”.. Revenue came in line with estimates while monthly active user metrics disappointed, both investors shrugged off as the stock rose more than … Read more
SAN FRANCISCO — Meta released a new artificial intelligence model it says rivals technologies from OpenAI and Google — and makes it free for anyone to use. The new model, called Llama 3.1, expands Meta’s strategy to make their models open source, meaning anyone can use and modify them without paying the company. If successful, … Read more
