Others

Rivian deliveries slip 10% in Q4, raising demand questions

January 2, 2024

Rivian reported Tuesday it produced 17,541 vehicles at its Normal, Illinois factory and delivered 13,972 to customers in the fourth quarter, mixed results that left investors wary and sent shares down in pre-market trading. Rivian had shown consistent growth in production and deliveries in the first three quarters of the year. And while production numbers […]

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Tesla’s cheapest cars helped it notch another record year

January 2, 2024

Tesla shipped a record number of electric vehicles in the fourth quarter to help it edge out its targets for the year. The company delivered 1.81 million EVs in 2023 and built 1.85 million, according to a Tuesday morning press release. Those figures were slightly above the 1.8 million goal Tesla announced at the beginning […]

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Fidelity marks down X valuation by 71.5%

January 2, 2024

Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager […]

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Meta cuts prices for Quest 2 headset and accessories

January 2, 2024

Months after Meta launched its Quest 3 headset, the company is slashing prices for its older Quest 2 headset by $50 permanently. The 128GB version drops from $299 to $249 and the 256GB version drops from $349 to $299. Notably, the headset has been on sale at the new prices since Black Friday. However, Meta […]

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