Tesla Reports Steep 71% Drop in Q1 2025 Net Profit, Missing Market Estimates
April 23, 2025 – Tesla has unveiled its financial results for the first quarter of 2025, revealing a substantial decline in key financial metrics such as revenue and profit, primarily driven by a sharp drop in vehicle deliveries. The company reported revenue of 19.335billionforthequarter,fallingshortofthemarketconsensusof21.348 billion and marking a 9% decline from the $21.3 billion recorded…
Musk to Slash DOGE Hours, Shifts Focus Back to Tesla in May
April 23, 2025 – During Tesla’s Q1 2025 earnings call, CEO Elon Musk confirmed a significant reduction in his work hours with the Department of Government Efficiency (DOGE) to refocus on Tesla’s operations. Musk stated on the call, “Addressing waste and fraud to steer the nation back on track is crucial, but my priorities are…
Google Mulls Moving Pixel Phone Production from Vietnam to India to Dodge High Tariffs
April 23, 2025 – The ongoing tariff situation in the United States is compelling companies to devise strategies aimed at mitigating the impact on products shipped to the country, and even tech giants like Google are not immune. In an effort to sidestep hefty tariffs, Google is reportedly contemplating relocating the production of its Pixel…
Uber Faces FTC Lawsuit for Secretly Charging Users in Subscription Scheme
April 22, 2025 – The Federal Trade Commission (FTC) has filed a lawsuit against Uber in San Francisco, alleging that the ride-hailing giant secretly enrolled users in its Uber One subscription program without their knowledge and engaged in deceptive marketing practices regarding the service’s benefits, as reported by Reuters. Uber One, priced at 9.99permonth,offersdiscountsonridesandfooddelivery.However,theFTC’scomplaintclaimsUberfalselyadvertisedthatsubscriberscouldsaveupto25 monthly—a…
Musk Calls Tesla Odometer Manipulation Lawsuit ‘Stupid’
April 22, 2025 – Tesla Inc. is embroiled in a class-action lawsuit alleging that the electric vehicle manufacturer manipulated odometer readings to sidestep warranty obligations. The suit claims that Tesla intentionally accelerated odometer counts, pushing vehicles beyond warranty coverage sooner than anticipated to reduce repair costs. Tesla and its legal counsel have vehemently denied all…
Bezos-Backed $25K Auto Unveils Transformative ‘Transformer-Like’ Design
April 22, 2025 – A cutting-edge electric vehicle startup backed by Jeff Bezos, Slate Auto, is making headlines as it gears up for the grand unveiling of its inaugural product, with prototype vehicles now spotted cruising California’s streets. Sources familiar with the matter, cited by TechCrunch, suggest the enigmatic company is building buzz around a…
Apple’s iPhone 17 Pro/Max to Feature ‘Sky Blue’ Colorway, Surpassing Sierra Blue’s Appeal
April 22, 2025 – A recent post by insider Majin Bu on April 21st has shed light on Apple’s plans for the iPhone 17 Pro and iPhone 17 Pro Max. According to the report, Apple is considering introducing a new “Sky Blue” color option for these two high-end models. The source, drawing information from supply…
LG & Samsung Sue Indian Govt Over E-Waste Rules: Costs to Triple, Firms Claim
April 22, 2025 – Legal documents filed in the Delhi High Court reveal that LG Electronics and Samsung Electronics have jointly filed a lawsuit against the Indian government this month, challenging a provision in the “2024 E-Waste Management Amendment Rules” related to “minimum recycling payout standards.” The move marks the eighth foreign-owned corporation to contest…
Tech Moguls Cash Out Ahead of Trump’s Tariff Turmoil: Zuckerberg Leads with $733M Haul
April 21, 2025 – A wave of significant stock sales by top corporate executives emerged just prior to President Donald Trump’s announcement of tariff policies, as reported by Bloomberg. Executives from major companies, including Meta CEO Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase CEO Jamie Dimon, collectively divested billions of dollars in company…
“Thanks” to ChatGPT Drains OpenAI’s Budget by Tens of Millions
April 21, 2025 – Artificial intelligence (AI) has become an integral part of daily life, assisting with tasks, solving problems, and even engaging in casual conversations. Yet, beneath these interactions lies a substantial cost. OpenAI CEO Sam Altman recently revealed that processing simple greetings and polite exchanges costs “tens of millions of dollars” monthly. Phrases…