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☆ I spent a day with Chevrolet's two new electric cars. They may not be enough to turn the EV tide.
▼ + stars: | 2024-06-01 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Read previewChevy's electric aspirations are about to meet their toughest test yet with the launch of the Silverado EV and the Equinox EV. All of this adds up to the security that today's EV shopper is looking for, Majoros told me in an interview. The RST First Edition Silverado EV, which is on sale now, goes for $94,500. Equinox EV is a step in the right direction, but can it beat a hybrid? That could be bad news for Chevy dealers and Equinox EV, which might lose out in a comparison with Ford's or Toyota's hybrids.

Persons: —, Steve, Majoros, you've, it's, Ford's, Elon Organizations: Service, Silverado EV, GM, Business, Chevrolet, Motors, Silverado, Equinox Locations: Detroit

☆ I unwittingly signed up to the same dating show as my dad. We competed in a strip tease contest on the second day of shooting 'MILF Manor.'
▼ + stars: | 2024-06-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +7 min

My first 48 hours on "MILF Manor" season two may have been the wildest of my life and the strangest bonding experience that I've had with my dad. Competing in the challenges was mental warfareJami and Joey in the maple syrup couples challenge in "Milf Manor" episode one. Within a second, the other young men and I realized that the new arrivals were our fathers. Chris, another contestant, and I grouped together the other young men and choreographed a dance we hoped would help us win. Joey Schifilliti and Anthony Schifilliti appear on "Milf Manor" season two.

Persons: —, Joey Schifilliti, TLC's, I've, Jami, Joey, Christina Best, Christina, Jami Amaro, Anthony Schifilliti, Barby Garcia Gutierrez, Anthony, Aaron Patton, I'm Organizations: Service, Business, TLC Locations: Canada

☆ Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
▼ + stars: | 2024-06-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court. "Musk's insider profits for his November and December sales were approximately $3 billion based on the January 3, 2023 closing price of $108.10 per share," the lawsuit alleged. AdvertisementPerry also accused Musk of misleading shareholders about what to expect in the fourth quarter of that year in an October 2022 earnings call. "So, Q4 is looking extremely good," Musk said in the call, according to a transcript published by The Motley Fool. AdvertisementMcCormick's ruling has caused Musk to sour on Delaware and has been pitching a move for Tesla to be incorporated in Texas.

Persons: —, Elon Musk, Michael Perry, Tesla, Perry, Musk, Larry Ellison, Ellison, James Park, Kathaleen McCormick, McCormick Organizations: Service, Business, Oracle, New York Times, University of California, Investors Locations: Delaware Chancery, Los Angeles, Delaware, Texas

☆ Philippine president says killing of a Filipino in South China Sea clash would be ‘very close’ to act of war
▼ + stars: | 2024-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Philippines' President Ferdinand Marcos Jr. delivers a speech during the 21st Shangri-La Dialogue summit in Singapore on May 31, 2024. The president said should such an incident happen by willful action, it would "increase the level of response [by the Philippines]," and come "very, very close to what we define as an act of war." In late March, the Philippines accused a China Coast Guard vessel of utilizing its water cannon on a Filipino ship travelling to the Second Thomas Shoal, injuring three Filipino sailors. Earlier that month, the China Coast Guard was accused of a water cannon attack that left four Filipino crew members injured by broken glass. Beijing claims almost all of the South China Sea as its waters, despite a 2016 ruling by the Permanent Court of Arbitration that said that China's claims has no basis under international law.

Persons: Ferdinand Marcos Jr, Marcos, Thomas Shoal Organizations: Chinese Coast Guard, Guard, U.S ., Philippines Mutual Defense, China Coast Guard, China's coastguard Locations: Philippines, Singapore, South, U.S, Manila, South China, China

☆ A mom transformed a Philadelphia parking lot into Cinderella's castle, giving her daughter the most extravagant prom celebration of the year
▼ + stars: | 2024-05-31 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

It was Treva Harris, Azar's mother, who hosted the prom party of the year. "I'm kind of in awe about how much attention this has gotten," Treva told Business Insider. I thought it was baby blue," Treva told BI. "And the best part is that Azar didn't know what she was walking out to. "We have requests for prom send-offs up to 2028, and I'm like, 'You guys don't even know what date the prom is yet!'"

Persons: —, Azar Harris didn't, Azar, Treva Harris, Azar's, Treva, Gen Z, Azar Harris, Ray Valdez Treva, Muhammad, Muhammad's, Ray Valdez, Azar didn't, we're Organizations: Service, Philadelphia, Business, Teen Vogue Locations: Philadelphia

☆ A new 'Hellboy' reboot is reportedly being released in August, but the lack of publicity has fans worried
▼ + stars: | 2024-05-31 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

"The Crooked Man" is based on the creepy, stand-alone tale of the same name from the comics, and Mignola confirmed that it finished filming in May 2023. This has led some fans to speculate, albeit without evidence, that Millennium Media was making it to keep the rights to the franchise. AdvertisementThis has led some fans to speculate, albeit without evidence, that Millennium Media is making it to keep the rights to the franchise. Commentby from discussioninHellBoyRepresentatives for Millennium Media and Ketchup Entertainment did not respond to Business Insider's request for comment. Advertisementto be clear: there is exactly *ZERO* AI used on hellboy: the crooked man.

Persons: —, Mike Mignola's, Ron Perlman, Guillermo del Toro, David Harbour, Mignola, Taylor, Leah McNamara, Jefferson White, Jack Kesy, Adeline Rudolph, Joseph Marcell, ike, omics, ake, evert, rian, aylor, rian T aylor Organizations: Service, Millennium Media, Entertainment, Business, Office Mojo, Media Locations: Spanish

☆ Top proxy advisor ISS recommends against Elon Musk's $56 billion Tesla pay package
▼ + stars: | 2024-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Taylor Hill | Getty ImagesTop proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package and withhold their support from the re-election of News Corp . Tesla's shareholder meeting is on June 13. Tesla's board is seeking shareholder approval to reinstate Musk's pay after a Delaware court voided the package earlier this year. The proxy advisor recommended support for some shareholder proposals that Tesla management opposes, including one that would declassify Tesla's board. Pay package pushTesla has been courting shareholder support in both time-tested and novel ways.

Persons: Elon Musk, Elon Musk's, James Murdoch, Glass Lewis, Tesla, Innisfree, Robyn Denholm, Leo KoGuan, KoGuan, Go Nakamura Organizations: Academy Museum of Motion Pictures, Getty, Services, News Corp, CNBC, ISS, FGS Global Locations: Los Angeles , California, Taylor, Delaware, Texas, Austin, Austin , Texas, U.S

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Apple, Rivian, Nio, Costco, Qualcomm
▼ + stars: | 2024-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates Nvidia as overweight Wells said it's standing by shares of Nvidia. Bank of America reiterates Apple as buy Bank of America said it's bullish on an iPhone with artificial intelligence features. "We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth." Bank of America reiterates Dell as buy Bank of America said it's sticking with its buy rating on the stock following earnings. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's standing by its overweight rating on shares of Nio.

Persons: Oppenheimer, Morgan Stanley, Wells, Wynn, it's, Jefferies, Tesla, Dell, Wolfe, Alex Chriss, Rivian, Nio, robustly, Cantor Fitzgerald, Cantor, Rosenblatt Organizations: Beazer, Nvidia, MGM, " Bank of America, Apple, Bank of America, Edison International, Qualcomm, JPMorgan, Banks, PayPal, New, Citi, Lionsgate, Lionsgate Studios, UBS, Tesla, Resilience Locations: Macau, Las Vegas, California, Cincinnati, China, Nio, NetApp

☆ Cybertruck owner says he's stuck with a vehicle that's too big for his parking spot, and Tesla won't let him return or resell it
▼ + stars: | 2024-05-31 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Last week, he posted on X, formerly Twitter, that he wants to return it, but Tesla isn't willing to buy it back or let him resell it. Tesla has refused my request to sell my recently purchased Cybertruck. The manager cited the Motor Vehicle Order Agreement with Tesla's "no resellers" policy for the Cybertruck. The manager at Tesla's Salt Lake City dealership did not respond to BI's request for comment ahead of publication. Raddon told BI that he's a rule-follower and he doesn't plan to go against Tesla's verdict on the matter or hire a lawyer to dispute the decision.

Persons: —, Blaine Raddon, Raddon, Tesla, — Blaine Raddon, Blaine Raddon Raddon, Tesla's, he's Organizations: Service, Business Locations: Bali —, Salt Lake City, Tesla's Salt Lake City

☆ I drove Chevy's new Equinox EV. It's a much-needed addition to the electric crossover market.
▼ + stars: | 2024-05-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

The Equinox EV is a solid addition to the electric crossover market. The Equinox EV is priced and designed to compete directly with Tesla's mass-market cars. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere's another electric Chevrolet crossover on the market as the bowtie brand leans into EVs while others are pulling back. Two trims of the Equinox EV are available on dealer lots today, with a starting price of $43,295.

Persons: — Organizations: Service, Metro Detroit, GM, Business

☆ Cramer's Lightning Round: Beyond Meat is 'too risky'
▼ + stars: | 2024-05-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Riot Platforms' year-to-date stock performance. Stock Chart Icon Stock chart icon KLA's year-to-date stock performance. Stock Chart Icon Stock chart icon Beyond Meat's year-to-date stock performance. Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon Warby Parker's year-to-date stock performance.

Persons: we're, Warby, Warby Parker, Jim Cramer's Organizations: Devices, AMD, Nvidia

☆ I've lived in LA, San Francisco, NYC, and Chicago. I thought moving to LA would be easy, but there are 5 things I hate about living here.
▼ + stars: | 2024-05-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

I moved to Los Angeles about five years ago from San Francisco, and I previously lived in New York City and Chicago. LA lacks great parks compared to other cities like San Francisco and New York City. It doesn't feel urban the way cities like NYC or SF do — I don't feel an urban buzz or excitement. I don't feel any sense of communityI don't feel a strong sense of community in LA. Because it's such a driving culture, I don't interact with people as much as I do in other cities I've lived in.

Persons: —, Stevie Howell, It's, I've, Frederic Olmstead, Manseen Logan Organizations: Service, Business, San Francisco and New Locations: Los Angeles, San Francisco, New York City, Chicago, California, LA, Venice, San Francisco and, San Francisco and New York City, Southern California, mlogan@businessinsider.com

☆ Elon Musk's $55 billion Tesla pay package seems to be getting mounting pushback
▼ + stars: | 2024-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla is facing increasing pushback from investors regarding its bid to reinstate Elon Musk's $55 billion pay package. The fund initially voted for Musk's pay package when it was taken to a shareholder vote in 2018. Separately, proxy advisory firm Glass Lewis said in a report on Saturday that the pay plan was "excessive" and presented investors with "uncertain benefits and additional risk." Tesla has also argued the compensation plan is "critical to the future success of Tesla" and has even paid for a handful of advertisements promoting the pay plan. Shareholders will be asked to vote on several proposals in addition to the proposal to reinstate Musk's pay package, which was struck down by a Delaware judge earlier this year.

Persons: —, Elon, Marcie Frost, Musk's, Tesla, Frost, Musk, CalPERS, James Murdoch, Kimbal, Glass Lewis, Kimbal Musk, Murdoch Organizations: Service, Elon Musk's, California Public Employees, CNBC, Business, Bloomberg, Securities and Exchange Commission, Texas Locations: Delaware, Texas

☆ Tesla dangles the chance of a factory tour with Elon Musk as an incentive to get people to vote on his $55 billion pay package
▼ + stars: | 2024-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla is offering a potential Gigafactory tour with Elon Musk to shareholders who vote in its annual meeting. 15 investors will be chosen at random for the tour, Tesla said. The vote will address proposals regarding Musk's pay plan and moving Tesla's incorporation to Texas. AdvertisementTesla is offering shareholders the opportunity to tour its Texas Gigafactory alongside Elon Musk and the designer of the Cybertruck Franz von Holzhausen — there's just one catch. To qualify for a possible invite to the tour, investors must cast their vote on Musk's pay package.

Persons: Tesla, Elon Musk, —, Franz von Holzhausen — Organizations: Elon, Service, Texas, Business Locations: Texas

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ CNBC Daily Open: Musk's AI start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share. Google AI Overview misfiresGoogle's "AI Overview" feature in search is facing criticism for producing incorrect or controversial responses.

Persons: Jensen, Huang, Glass Lewis, Elon Musk, Obama, Eli Lilly, Eli Lilly's, Weizhen Tan Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google Locations: Texas, Indiana

☆ CNBC Daily Open: Musk's artificial intelligence start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share.

Persons: Elon Musk, The Beverly Hilton, Jensen, Huang, Glass Lewis, Obama, Weizhen Tan Organizations: SpaceX, Tesla, The Beverly, CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google, Nikkei, Bank of Japan's, CSI Locations: Beverly Hills , California, U.S, Texas, Asia, Pacific

☆ Lucid CEO says Tesla is 'losing its way'
▼ + stars: | 2024-05-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewLucid CEO Peter Rawlinson isn't a fan of Tesla's recent trajectory under Elon Musk. The Lucid CEO said he feels Tesla is "losing its way" and doesn't have the same sense of purpose it once did. Advertisement"There's an interest in social media, even politics, and it's kind of losing its way. Since Musk acquired Twitter in 2022, some Tesla investors have questioned his commitment to the electric carmaker. While Rawlinson told BBC that Lucid is "many years ahead" of other automakers, including Tesla, when it comes to some of its technology, the company has only a fraction of the market share compared to Tesla.

Persons: —, Peter Rawlinson isn't, Elon Musk, Rawlinson, Tesla, BBC's, Elon, Musk, Lucid, Axios Organizations: Service, Lucid, EV, Business, Twitter, BBC

☆ Should Elon Musk be paid $56 billion? Tesla shareholders get to vote
▼ + stars: | 2024-05-27 | by ( David Ingram | ) www.cnbc.com time to read: +10 min

Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.

Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, —, Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, —, Los Angeles, Texas, New York City

☆ Nvidia's Jensen Huang praises Elon Musk's efforts at Tesla
▼ + stars: | 2024-05-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Jensen Huang had positive words about Tesla's efforts in an interview last week. The support comes weeks before Tesla shareholders are set to vote on Elon Musk's pay package. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia CEO Jensen Huang gave electric vehicle maker Tesla a shoutout during an interview with Yahoo Finance last week. "Tesla is far ahead in self-driving cars, but every single car, someday, will have to have autonomous capability," Huang said in the interview posted to YouTube Thursday.

Persons: Jensen Huang, —, Tesla, Huang Organizations: Nvidia, Elon, Service, Yahoo Finance, YouTube, Business

☆ Elon Musk has lost his focus, former Tesla board member says
▼ + stars: | 2024-05-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Tesla could use more of high-profile CEO Elon Musk's divided focus at a critical juncture for the electric vehicle industry, former board member Steve Westly said Thursday. And it appears now that Mr Musk's focus is in too many areas," Westly told CNBC at the annual VivaTech conference in Paris. Tesla could use more of it," said Westly, who is managing director of venture capital firm The Westly Group and an early Tesla investor. Just how much of a liability Musk is for Tesla, however, Westly said was "for the board to decide."

Persons: Elon Musk, Tesla, Elon Musk's, Steve Westly, Westly, Jensen Huang —, he's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC Locations: Beverly Hills , California, Paris

☆ A Tesla owner says his car’s ‘self-driving’ technology failed to detect a moving train ahead of a crash caught on camera
▼ + stars: | 2024-05-23 | by ( Ben Goggin | ) www.cnbc.com time to read: +5 min

"You do get complacent that it knows what it's doing," he said of the Tesla technology. Doty, a certified general appraiser in Ohio, was driving at around 60 mph, according to a Tesla crash report. The speed limit on the road was 55 mph, according to Doty and a police report associated with the accident. Drivers can request crash reports from Tesla, which are generated using data individual cars send to Tesla servers. The Tesla report shows that the car maintained a speed of around 60 mph while in Full Self-Driving mode before Doty slammed on the brakes and turned the wheel.

Persons: Craig Doty, Craig Doty II, Tesla's, Doty, David Paul Morris, Tesla, Elon Musk, Mike Blake Organizations: NBC News, Tesla, NBC, Bloomberg, Getty, National, Traffic Safety Administration Locations: Ohio, Encinitas , California, U.S

☆ I waited in line for 5 hours at Something About Her, the new 'Vanderpump Rules' restaurant, but never even got a sandwich.
▼ + stars: | 2024-05-23 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +12 min

Cersei's Walk of Atonement this was not, but I couldn't believe how long I'd waited to try a sandwich. AdvertisementBut much like "Vanderpump Rules," the reality show that made Madix and Maloney famous, the opening day of their restaurant was exciting, tumultuous, and full of some surprising friendships. Something About Her has been 2 years in the makingMaloney and Madix first announced they were joining forces to open a sandwich shop in 2022, joining the growing "Vanderpump" restaurant universe. TomTom — the bar Vanderpump launched with Tom Schwartz and Tom Sandoval, the respective exes of Maloney and Madix — is a four-minute walk away. Hours 3-4: Sold-out sandwichesWe had now been in line for the length of an average Martin Scorsese movie.

Persons: —, Ariana Madix, Katie Maloney's, …, Maloney, Madix, Lisa Vanderpump, TomTom, Tom Schwartz, Tom Sandoval, Schwartz, Jax Taylor's, Katie Maloney, Phillip Faraone, Sandoval, Raquel Leviss, Roxie Hart, Anneta, Bravo, Kat, Viola, Reese, Meg, Peter Madrigal —, he's, Martin Scorsese, Sarah Fraser, James Kennedy, costars, Cameron, Kate, Nancy, Teri, We'd Organizations: Service, Business, Sandy's, LA's West Hollywood, TMZ Locations: Los Angeles, West Hollywood, LA's West, Chicago, LA, Australia, California

☆ A fire broke out at Tesla's Fremont factory once again, this time due to an oven
▼ + stars: | 2024-05-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Tesla's Fremont, California, plant suffered a 2-alarm commercial fire Monday evening. The Fremont Fire Department reported no injuries and is investigating the cause. The Tesla Fremont factory has seen several fires over the years. AdvertisementOn Monday evening, a 2-alarm commercial fire occurred at Tesla's Fremont factory, which has experienced several fires over the past decade. Per a press release from the Fremont Fire Department, the fire "started inside an oven" and was extinguished "within less than an hour of crews arriving at the scene."

Persons: Tesla's, Tesla, — Organizations: Fremont Fire Department, Tesla Fremont, Service, Business Locations: Tesla's Fremont , California, Tesla's Fremont

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

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