Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market cap-weighted in S&P 500 Index and with an unrivaled grip on the chips that power generative AI, Wall Street now treats…
When Tapestry announced two years ago it was buying Michael Kors-owner Capri Holdings in a deal regulators ultimately scuttled, the fashion company argued that the tech and supply chain infrastructure it had built for its Coach brand would allow it to turn around underperforming brands more quickly. It turns out Tapestry can’t even turn around…
The very day Elon Musk expanded the boundaries of his three-week-old autonomous ride hailing service in Austin, Joe Tegtmeyer’s Tesla tried to illegally run a railroad crossing just as a locomotive approached. “The robotaxi did not see that, and the safety observer had to stop the vehicle until the train had passed. So there’s a…
Tesla at long last has launched in India with the opening of a showroom this week in Mumbai, the smog-infested country’s economic capital. It’s a move that’s been years in the making. Fans are hailing it a game changer since it opens the EV brand up to the world’s third largest car market by absolute…
Rifle through Turkey’s car sales report for January and in the column next to Tesla’s name, you’ll find a big, fat zero. A lot has since changed. This June, Turkey nearly eclipsed the UK as the brand’s third-largest market in the world for the month. Tesla sold over 7,200 vehicles in the Eurasian country, within striking distance of the…
Tesla celebrated a historic first on Friday when a new Model Y left the factory in Austin and—without anyone in the vehicle—drove itself to a waiting customer a half-hour away. Already the second milestone this week after the commercial deployment of his robotaxi service, it marks an early birthday present for CEO Elon Musk. The entrepreneur had promised…
When Elon Musk first launched a bid to acquire Twitter three years ago, a move many of his supporters would grow to oppose, the entrepreneur’s most trusted lieutenant at Tesla quickly chimed in to offer his unconditional support. “Thank you for what you’re doing. We all love you and are always behind you!” Omead Afshar…