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Tesla trims output of cars in China amid slower EV sales growth

Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan - the two types it makes in China - by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.Elevate Your Tech Prowess with…

Samsung doubling down on AI to secure business growth

Amid uncertainties in the global business environment, Samsung is doubling down on what it considers to be a significant driver of future growth. We've seen an increasing application of artificial intelligence in its products, from smartphones to even washing machines, and the company has said it will continue to focus on AI to drive growth. The commitment comes from Samsung Electronics Vice Chairman Han Jong-hee, who said that the company will expand its innovation in the vastly expanding AI landscape and create new…

Navigating the Path to Potential Growth

Are you constantly scouring crypto news websites, looking for the next big altcoin opportunity that could skyrocket overnight? To make your life easier we have identified the most promising cryptocurrency from various news sources.  Here’s a list of the top 3 best cryptos to consider buying now: Bitgert crypto is built to solve the blockchain trilemma: Security, Scalability, and Decentralization. Its BRISE Chain can execute a blistering 100,000 transactions per second with absolutely negligible gas fees. As…

XPeng Narrows Losses as Revenue Accelerates, Sees More Growth Ahead

Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of…

Boeing Max problems shift growth plans at Southwest, United

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019.Lindsey Wasson | ReutersBoeing's latest Max crisis is forcing some of its biggest customers to rethink their growth plans this year — and possibly beyond, several airline CEOs said Tuesday.Their comments highlight how Boeing's top buyers have felt the effects of its problems: snowballing quality control issues, a slow increase of output and certification of new aircraft that is running years…

Tesla (TSLA) delivery estimates are plunging as growth story dissipates

Analysts are releasing a wave of delivery estimate downgrades for Tesla as the automaker’s growth story is dissipating – at least for the next few years. Tesla’s stock has been performing poorly this year. It is one of the worst-performing stocks in the S&P500. There are several different arguable reasons for that, but the main one appears to be Tesla’s dissipating growth story and the lack of a clear path back to it in the near term. While Elon Musk likes to say that Tesla is a conglomeration…

Rivian (RIVN), Hyundai see US EV registration growth in January

EV registrations were up 15% in the US in January. Although Ford and GM’s EV registrations slipped, Rivian (RIVN) and Hyundai saw some of the biggest growth. Tesla still leads the pack Electric vehicles accounted for 7.8% of new US light-vehicle registrations in January, up from 7.1% in Jan 2022. That’s also up from 7.7% in 2023. According to S&P Global Mobility registration data (via Automotive News), the growth was uneven across the competition. The data is significant as not all…

Growth, profitability drive up TCS, HCLTech valuation

For the average, but loyal, Mumbai investor, there’s little to tell one tech frontliner from another – barring size, of course. More often than otherwise, the largest in global outsourcing advance and retreat in lockstep and feature prominently in the core portfolios of Indian investors – institutional and DIY alike.Over the past two years, however, the typical military precision in coordinated stock movement for this cohort is conspicuously absent. Among the Big Five, Tata Consultancy Services (TCS) and HCLTech have…

BlockDAG Explosion: Anticipating 10,000x Growth!

The crypto market is infamous for its fluctuations, often leading to dramatic highs and lows. In this dynamic landscape, Bittensor Prediction (TAO), a relatively unassuming blockchain project, has recently drawn significant attention. The project’s value has surged remarkably since its launch, capturing the interest of the cryptocurrency community. Meanwhile, TRX (Tron) continues to perform well, maintaining steady growth amidst market volatility, as highlighted by various Tron Price Predictions. Amid these…

Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023

Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go public in early 2022, later updating the document quarterly in preparation for an eventual offering. TechCrunch covers its regular financial disclosures as they provide insight into when a deeply funded startup with a historical billion-dollar valuation will decide to finally pull the trigger and list its shares publicly. In…