FREMONT, Calif.--(BUSINESS WIRE)--May 10, 2023--

(Reuters) -Ford Motor said on Monday it would add more of Tesla's Superchargers to its electric-vehicle charging network, higher than

Electric car maker Tesla’s profits took a dive in the third quarter, according to an earnings call on Wednesday in which the company’s chief Elon Musk blamed staff working from home for being “detached from reality”. Tesla’s profits in Q3 of 2023 have plunged by over 40 per cent compared to the gains it made in the same period last year after the company slashed its car prices by around 25 per cent in an attempt to compete with other EV makers. The EV manufacturer reported a net profit of about $1.9bn for the time between July through September, which is a 44 percent drop from the $3.3bn it made in the same three-month period last year. While the company has seen a small increase in overall revenue of about $23bn from the $21bn the same time last year, the figures are still lower than Wall Street expectations. Mr Musk also dampened hopes of the company’s anticipated Cybertruck reviving profits in the near future, announcing that it would take at least 18 months for the truck to become profitable as it could go on sale only by the end of November. “There will be enormous challenges in reaching volume production with Cybertruck and making the Cybertruck cash flow positive,” the Tesla titan told investors and analysts in the earnings call. “The blood, sweat and tears that will be required to achieve that is just staggering,” he added. Over the last year, Tesla has slashed the prices of its cars by quarter to boost sales. Growing competition with the introduction of EVs by other car makers in the US, including BMW, Toyota, Mercedes, GM and Hyundai, has also coincided with Tesla’s share of vehicles in the EV market reducing in the last quarter. In the earnings call, Mr Musk also said staff working from home are taking advantage of those who cannot work from home. “Like... what about all the people that have to come to the factory and build the cars?” he asked. “Why did I sleep in the factory so many times? Because it mattered,” the Tesla chief said. Mr Musk echoed the statements he made in an interview with CNN earlier this year in which he called remote work “morally wrong”, arguing that it is unfair to those who cannot have the option. “Get off the goddamn moral high horse with the work-from-home bullshit,” he said. Tesla also pointed fingers at its reduction in production while it upgraded its factories as one of the factors behind the profit slump. It said it has also been making big investments in AI and “commissioned one of the world’s largest supercomputers.” “We have more than doubled the size of our AI training compute, accommodating for both our growing data set & Optimus, which is currently being trained for simple tasks through AI rather than hardcoded software, while its hardware continues to improve,” Tesla said. But all is not gloomy as the company says the first deliveries of its Cybertruck are scheduled for 30 November and Tesla’s Model Y remains the “best-selling vehicle of any kind” in Europe. Read More X begins charging new users to post as part of trial EU asks Elon Musk to ‘walk the talk’ on X/Twitter disinformation over Hamas attack AOC wants to ‘trade in’ her Tesla for union-made electric vehicle amid historic auto workers strike Amazon to start dropping packages into people’s gardens using drones in the UK Facebook has stopped working Facial recognition firm Clearview AI overturns UK data privacy fine

The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates for the schools’ graduates

CABIN JOHN, Md.--(BUSINESS WIRE)--Aug 1, 2023--

Crypto fanatics have been pining for a Bitcoin exchange-traded fund for a decade now. But as the applications

Observed methane releases from global oil and gas operations are 30% higher than what countries estimate in reports

Many of Twitter’s users are looking to move on in the wake of the site’s latest chaos. In recent days, Elon Musk has announced that his site will apply “rate limits” in an attempt to stop data scraping on the site, by automated tools including those used to train AI systems. But in effect that has meant that Twitter has stopped working properly for many of the people who rely on it. After the latest backlash, some of those users are looking to leave the site entirely, and move instead to other alternatives. As they do, they might wish to delete their account to avoid leaving data and posts up online after they leave. But deleting Twitter is not as easy as you might think. The first step is for a user to deactivate their Twitter account, which starts a process during which the user can decide if they actually want to go through with it. When a user deactivates their Twitter account it is no longer visible on Twitter, but if a log-in is carried out during a specified reactivation period then the account remains useable. Once the reactivation period is over then another Twitter user will be able to utilise the username. Before deleting Twitter account the user can download a copy of their information by going to Your account and selecting Download an archive of your data. Deleting Twitter on iPhone or mobile web. 1. Open Twitter app or go to Twitter.com. 2. Tap profile picture. 3. Choose Settings and privacy and select Your account. 4. Chose Deactivate your account 5. Choose reactivation period - 30 days or 12 months. 6. Read disclaimer and select Deactivate 7. Enter password and follow prompts to delete account. Deleting Twitter account on web 1. Open Twitter.com 2. Click on three dot icon on left 3. Choose Settings and privacy and select Your account 4. Choose reactivation period - 30 days or 12 months 5. Read disclaimer and select Deactivate 6. Enter password and follow prompts to delete acount Read More How to delete your Twitter account What does Twitter’s rate-limiting restriction mean? ‘Rate limits’ and Twitter chaos: What exactly is Elon Musk doing? Twitter to stop TweetDeck access for unverified users Meta’s Twitter alternative Threads to be launched this week How Elon Musk finally broke Twitter – and why it might just be the start

SAN DIEGO--(BUSINESS WIRE)--Aug 24, 2023--

Cryptocurrency exchange Kraken was ordered by a judge to provide a wide swath of information about its users

The Biden administration on Thursday defended its communications with social media giants in court, arguing those channels must stay open so that the federal government can help protect the public from threats to election security, Covid-19 misinformation and other dangers.

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Jul 3, 2023--