Tesla is expected to soon release its lowest gross profit margin in over six years following a wild week that includes significant layoffs, car price reductions, and investor demands for clarification on the company's product strategy.   During the conference call following the results,...

Due to declining sales and a growing price war for electric vehicles (EVs), particularly with Chinese EVs, Tesla has lowered prices in several of its major countries, including China and Germany, after lowering prices in the US.   The price reductions follow Tesla's announcement this month...

The so-called Big Six technology stocks' profit growth momentum may "collapse" during the upcoming quarters, according to strategists at UBS Global Research, who downgraded the mega-cap firms' rating on Monday.   The "Big 6 TECH+" stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and...

When U.S. automakers Ford and General Motors release their first-quarter earnings next week, they will both be up against the same obstacle: elucidating to investors the source of future profit growth as EV growth slows.   The past year has seen a downturn in the demand for electric vehicles...

Unexpectedly, Netflix declared that it will no longer be releasing quarterly subscriber figures. This move is interpreted as a signal that years of user gains in the streaming battles are about to come to an end.   The pioneer of streaming video saw a decline in share price after reporting a...

Japan's Nissan Motor cut its forecast for annual operating profit by 14.5% on Friday, citing a decline in car sales that was less than anticipated in addition to other issues.   For the year that concluded in March, Japan's third-largest automaker by volume now projects an operating profit...

Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday exceeded first-quarter sales and profit projections, mostly attributable to the persistently high demand for sophisticated circuits, especially those utilised in artificial intelligence applications.   As compared to LSEG...

Adam Neumann has stepped up his efforts to take back control of WeWork even as the co-working pioneer scrambles to fund hundreds of millions of dollars to avoid going bankrupt and prevent a sale, according to a Financial Times report citing information from two people familiar with the situation....

Tesla is cutting jobs globally, including in sales, technology, and engineering. The automaker's two largest markets are the United States and China, accoridng to reports quoting sources.    In an internal memo obtained by Reuters on Monday, CEO Elon Musk informed employees that the...

The finance minister of Switzerland stated in an interview that was released on Saturday that the country's proposed stricter capital regulations for the banking sector will have an effect on UBS's capacity to expand.   According to Karin Keller-Sutter, Aargauer Zeitung, if the regulatory...

Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In a television interview, Donahoe was asked about the company’s lack of fresh new products in its assortment, which had been...