Business

Tesla could produce a $25,000 car in 3 years  

“With each successive design iteration, you can add more things, you can figure out better ways to produce the idea, so the idea gets better in addition to cheaper,” Musk said. With “natural progression of any fresh technology, the idea takes multiple versions in addition to large volume to make the idea more affordable.” Currently one of the top trade-ins ...

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Applied Materials’ weak forecast fans concerns over the end of the chip boom

Applied Materials, the planet’s largest supplier of equipment used to make chips, forecast current-quarter profit along with revenue below Wall Street estimates, adding to fears which a two-year chip boom may be losing steam. Shares of the company, whose results are seen as the bellwether for the chip industry, were down 4 percent at $45.55 in extended trading on Thursday. ...

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Trump pushes for an end to quarterly earnings reports

President Donald Trump on Friday advocated for a possible end to the long-held quarterly earnings reports for publicly traded companies, saying This particular would likely boost business as well as in turn help create jobs. In a morning tweet, the president said he had spoken to “business leaders” for their ideas on growth as well as they believed filing earnings ...

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DE, TSLA, NVDA, AMAT & more

Check out the companies doing headlines before the bell: Deere – Deere reported adjusted fiscal third quarter profit of $2.59 per share, compared to the consensus estimate of $2.78. Revenue did beat forecasts, yet Deere said the idea continues to face cost pressures for raw materials in addition to also freight. Tesla — CEO Elon Musk’s going-private proposal could be ...

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Raymond James downgrades Walmart with Flipkart weight on profits

Raymond James on Friday lowered its rating on Walmart stock to outperform coming from strong buy, pointing to the acquisition of Flipkart as a drag on future profit despite the retailer’s strong earnings report This specific week. Flipkart is actually the largest e-commerce player in India, a market in which online sales are growing by roughly 35 percent a year, ...

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Tesla board reportedly concerned about Elon Musk’s use of Ambien

Telsa board members are concerned about Elon Musk’s use of Ambien in addition to also recreational drugs, according to an explosive interview with The brand new York Times published late Thursday. Musk said from the interview he today needs Ambien to sleep, however board members are concerned of which the drug isn’t having the intended effect for Musk, the Times ...

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Oscar Health, DoorDash, OneSpace, Sila Nanotechnologies

DoorDash, the food delivery business, has raised $250 million along with also notched a $4 billion valuation. Its latest round — announced Thursday along with also led by tech investment firms Coatue Management along with also DST Global — came all 5 months after the San Francisco-based start-up raised $535 million in a round led by SoftBank Vision Fund. The ...

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