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☆ San Francisco 49ers’ Charvarius Ward mourns death of daughter
▼ + stars: | 2024-10-29 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —San Francisco 49ers cornerback Charvarius Ward mourned the death of his one-year-old daughter Amani Joy in a heartfelt post to social media on Tuesday. “We are heartbroken that our beautiful baby girl, Amani Joy passed away on Monday morning. We’ll miss you and love you forever, Amani Joy.”The San Francsico 49ers also shared their condolences following Amani Joy’s death. “The 49ers family is devastated by the sudden passing of Charvarius Ward’s beloved one-year-old daughter, Amani Joy,” the NFL team posted on social media Tuesday. “Amani truly embodied pure happiness and brought joy to all those around her with her sweet demeanor and contagious laugh.

Persons: Charvarius Ward, Amani Joy, “, ” Ward, We’ll, ”, Amani, Charvarius, “ Amani, Monique Organizations: CNN, San Francisco 49ers, San Francsico 49ers, 49ers, NFL, ”, Tampa Bay Buccaneers

July 19 (Reuters) - Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins. The large price cuts have pressured Tesla's automotive gross margin, a closely watched indicator in the industry, but Musk has said Tesla would sacrifice margin to drive volume growth. As an example, Tesla this year cut U.S. prices of its Model Y long-range version by a quarter to $50,490. In 2020, Musk unveiled a plan to produce Tesla's own EV batteries called "4680" cells. Tesla said production of the long-delayed electric pickup Cybertruck remained on track for initial deliveries this year.

Persons: Elon Musk, Musk, Tesla, Thomas Martin, Akash Sriram, Hyunjoo Jin, Abhirup Roy, Peter Henderson, Joe White, Sayantani Ghosh, Matthew Lewis, Sam Holmes Organizations: Globalt Investments, EV, Ford, General Motors, Reuters, Thomson Locations: United States, China, Texas, Bengaluru, Hyunjoo, San Francsico

Shares of the Austin, Texas-based automaker rose 2% after briefly falling 2% in trading after the bell. Under pressure from increasing competition and an uncertain economy, Tesla has cut prices and increased discounts and other incentives to reduce inventory. Recently, a lack of new models has made it tougher for Tesla to take on rivals in China, where glitzier offerings from local players have weighed on demand. The company reported revenue in the April-June period of $24.93 billion, compared with estimates of $24.48 billion, according to Refinitiv data. Tesla's share price has more than doubled this year, helped by rival automakers backing Tesla's charging standard, as well as expanded federal credits for Model 3s and investor excitement over artificial intelligence.

Persons: Tesla, Elon Musk, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Shounak Dasgupta, Matthew Lewis Organizations: EV, Thomson Locations: Austin , Texas, China, United States, Bengaluru, Hyunjoo

☆ Tesla misses delivery estimates as weak economy overshadows price cuts
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

Tesla delivered 422,875 vehicles, a record high for the automaker but smaller than analyst expectations for 430,008 vehicles, according to Refinitiv data. Tesla deliveries grew 4% from the previous quarter and were 36% higher than a year ago. Tesla delivered 6% more of its mainstay Model 3/Model Y vehicles than the previous quarter. In January, Tesla slashed prices globally by as much as 20%, unleashing a price war after missing Wall Street delivery estimates for 2022. Shares have soared more than 68% this year on hopes that Tesla would win the price war it started, although the stock remains more than 50% below its November 2021 peak.

"SAP is fully committed to winding down our business in Russia as quickly as possible," a SAP spokesperson said. Russia's parliament has been discussing draft legislation that would allow Moscow to seize Western companies' assets and possibly prosecute executives involved in implementing sanctions against Russia. While Gazprom and Sberbank were hit by Western sanctions, Nornickel was not. The SAP case sheds light on the complications Western companies face leaving Russia. While some departing companies have fired local staff, SAP gave them the option to relocate from Russia.

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