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Amazon reports a significant increase in operating income and AWS revenue, with a focus on cost efficiency and generative AI expansion...
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The e-commerce and cloud giant could continue to outperform many of its industry peers...
Continue ReadingTesla shares slipped on Friday, capping off a challenging week for the stock after a rocky first quarter with deliveries, pricing, and questions about its next models all weighing on the story...
Continue ReadingTesla is canceling plans for a lower-priced electric vehicle, a report says, Meta Platforms stock continues its strong run this year, and Enphase Energy tumbles as shares are downgraded...
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Reuters said Tesla wouldn’t build the anticipated, lower-priced electric vehicle, which would be a “dark-cloud moment,” one analyst reckoned...
Continue ReadingApple Inc (AAPL) delivers a robust fiscal Q1 2024 with record earnings per share and significant growth in its services and active device base...
Continue ReadingHenry Ford democratized car ownership with his ultra-cheap, mass-produced Model T, and Elon Musk once promised to do the same for electric cars with a Tesla that could sell for $25,000. Now, sources have told Reuters Musk is putting aside the idea of bargain-priced Tesla for the masses in favor of self-driving robo-taxis. Musk replied via a post on his X.com platform that "Reuters is lying (again)."...
Continue ReadingWhy settle for only 30 stocks when you could focus on more than 200 fast growers?...
Continue ReadingHon Hai Precision Industry Co. Ltd (OTC: HNHPF)-owned Foxconn that manufactures iPhones that are the apple of the eye of Apple Inc (NASDAQ: AAPL) reported its first quarter results. With the first quarter being a typically quiet period, it comes as no surprise that Foxconn posted a revenue dup. However, Foxconn is expecting revenue growth in the second quarter despite it still being an off-peak season. First quarter highlights For the first quarter, Foxconn posted a 9.6% drop in revenue, however...
Continue ReadingIt’s been a mixed week for Tesla Inc (NASDAQ: TSLA) who drastically underperformed in terms of first quarter sales. Still, it got its biggest EV seller crown back from its biggest rival, BYD Company Limited (OTC: BYDDY) who snatched this quarterly crown away from Tesla during the last three months of 2023. But even BYD reported a significant quarter-over-quarter slowdown which allowed Tesla to regain its throne. However, Tesla’s nightmare is far from over. BYD continues with its aggressive expan...
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