Tesla hits $25B in Q2 revenue, but margins decrease amid price cuts

July 19, 2023
Tesla reported Wednesday net income of $2.7 billion in the second quarter, up 20% from the same period last year as once again, the company’s EV price cuts dug into profits. The automaker has repeatedly reduced the cost of its four EV models in the United States, Mexico, Europe and China. The move helped boost […]

Tesla blames solar slump on interest rates as energy storage biz booms

July 19, 2023
Tesla’s solar installations are still slipping, the company told investors on Wednesday. The automaker reported 66 megawatts-worth of solar deployments during its second quarter of 2023, representing a 1 MW decline from the first quarter and a 40 MW decline from the second quarter of 2022. In other words, Tesla solar installations fell by roughly […]

Netflix gains nearly 6M subscribers as paid sharing soars

July 19, 2023
A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the […]

Google’s Nearby Share for Windows app is now officially available

July 19, 2023
Google announced today that its Nearby Share app for Windows PCs is now officially available. Nearby Share makes its easier to share files across your phones, tablets, Chromebooks and more devices. A PC version of the app has been in beta since March 2023, and is now officially available. The tech giant says the beta […]