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Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year. Last quarter, Tesla reported adjusted earnings of 45 cents per share on a 9% decline in revenue to $21.30 billion compared with the fourth quarter. Evercore's Chris McNally also sees further downside to Tesla shares. Jonas holds a $310 price target on Tesla shares, indicating 23% potential upside from Monday's close.
Persons: Tesla, Elon Musk, Ronald Jewsikow, Jewsikow, Dan Levy, Levy, Chris McNally, McNally, Wells, Colin Langan, Langan, Joe Biden's, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Barclays, Tesla, U.S, Trump Locations: Monday's, Wells Fargo
Earn 5.26% APY with a NexBank High Yield Savings Account. It got me thinking about the money I have stashed away in my current high-yield savings account at Ally, paying 4.20% APY. Here's why I'm sticking to my current savings account. With Ally, I can enjoy the fact that there are no monthly account fees, nor a minimum balance requirement. That's more money than I would ever feel comfortable keeping in a short-term savings account, let alone locked for a long stretch.
Persons: I've, Ally, There's, you'll Locations: Michigan
But at 21, the Team USA athlete is heading to Paris and is tipped to win gold in women's weightlifting. Reeves started weightlifting at age 12 and has trained four times a week ever since. She just set an American women's weightlifting record of 597 pounds total at the 2024 USA Weightlifting's National Championships Week in June. Reeves lifted 265 pounds in the snatch category at the 2024 USA Weightlifting Championships. Visualizing successTo ease her nerves, Reeves is trying to see the Olympics as the same as any other weightlifting competition.
Persons: Olivia Reeves, visualizes, , Reeves, Steve Fauer, he's, We're, Fauer, that's Organizations: Olympic, Service, Team USA, International, Federation, University of Tennessee, BI, Paris Games Locations: Paris, Doha, Qatar, American, Chattanooga, Austin
Business Insider has learned that those annotators focus their efforts on two high-profile categories of drivers: Tesla CEO Elon Musk and a select set of "VIP" drivers. These drivers are internally referred to as "VIP" users and their data is at times put in VIP queues, according to the workers. Related storiesData collected from VIP users, including high-profile Tesla drivers who post on YouTube, is scrutinized more heavily and more likely to be labeled, three current and former workers said. They said they'd been specifically told by leads on their teams that they were working on "VIP data" and had received overtime pay to work on the data ahead of FSD updates. Tesla's self-driving in the regulatory spotlightTesla has come under increasing scrutiny from regulators over the self-driving software and the company's marketing of the service.
Persons: , Elon Musk, Musk's Teslas, YouTubers, Musk, Tesla, Tesla's, John Bernal, Bernal, else's, annotators, Walter Isaacson's, Tesla influencers, FSD, they'd, Raj Balwani, Chuck Cook, Tesla Raj, Balwani, I've, Cook, he'd, they're, Missy Cummings, Cummings, Philip Koopman, Koopman Organizations: Service, Business, Tesla, SpaceX, Twitter, California Department of Transportation, YouTube, National, Traffic Safety Administration, Carnegie Mellon University, US Justice Department Locations: Hillsborough , California, Tesla's Austin, Fremont , California, Hawthorne , California, California, San Francisco, Buffalo , New York, Los Angeles, Hawthorne, YouTubers, Lombard
A financial planner told me his clients get a clear picture of their living costs in retirement before they retire. "Knowing that will help you understand how much money in assets you need to retire." He shared the four most important factors that enable his clients to retire early without making a big lifestyle change. You may want to have a financial advisor or accountant take a look at your debt to help you strategize. 4. Review your retirement accountsAnother opportunity Pelham shared to maximize your finances now for early retirement is to look at your retirement accounts.
Persons: , I'd, Jay Pelham, Kaufman, Pelham, you've, it's, haven't Organizations: Service Locations: Miami —, Florida, Gainesville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist explains why he thinks Trump will be flat to negative for the U.S. dollarMarko Papic of Clocktower Group says that the U.S. Federal Reserve is "on autopilot" and will cut interest rates in September, regardless of the upcoming presidential elections.
Persons: Trump, Marko Papic Organizations: U.S, Clocktower, U.S . Federal
What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.
Persons: , Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco
She started her Etsy store, where she sells printables like bachelorette party activity lists, in 2017. This one replicates the success of Gold City Ventures for creators with a sizable following. Similarly, she does not spend very much time on her Etsy store, about an hour a quarter. For her, the Etsy shop is less an income stream and more a tool to help her Gold City Ventures community. Gold City Ventures grossed more than $2 millionGold City Ventures continues to grow.
Persons: Julie Berninger, Berninger, That's, Cody Berman, Berman, They've Organizations: Amazon, Gold City Ventures, Auros Agency
People who work for an Elon Musk company have an opportunity to do something uncommon in business. Some recently sued Musk over claims that he's funneling AI talent to xAI instead of Tesla. He said earlier this year he was "uncomfortable" expanding Tesla's AI and robotics capabilities without additional voting control. Related storiesThe carmaker's CEO also recently diverted prized chips necessary for AI work that was headed for Tesla to xAI, CNBC reported. Most of the xAI employees who formerly worked at Tesla started working at the startup immediately after Tesla enacted mass layoffs earlier this year.
Persons: Musk, Tesla, xAI, , Kali Hays, Grace Kay Organizations: Service, Elon Musk, Business, xAI, Twitter, CNBC, BI, EV, SpaceX, The Boring Locations: Neuralink, Tesla, xAI, khays@businessinsider.com, gkay@businessinsider.com
Read previewTesla is implementing a system to reward "exceptional performance" with stock option grants. "There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company," Musk said. One Tesla worker told BI that they felt Musk's email was proof the tide might finally be turning. Read Musk's full email to Tesla staff below:Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance. There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company.
Persons: , Elon Musk, Musk, Tesla, We've, reapprove, Read, Elon Organizations: Service, Business, Reuters Locations: Delaware
Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.
Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York
Tesla appears to be ramping up hiring again
  + stars: | 2024-06-11 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Read previewTesla appears to be ramping up hiring again, nearly two months after Elon Musk kicked off mass layoffs. Tesla then posted over a dozen jobs in the company's autopilot division in late May. Now, however, Tesla appears to have expanded its hiring to cover a variety of roles, with over 60 positions in the US and Canada advertised on the company's website. Advertisement"It sounds like an existing Tesla team from a different department has been inserted to manage the charging division," said Pinter, who added that it was unclear if this move was temporary or permanent. Tesla also lists positions for its internship programs, with roles in vehicle servicing and mechanical design, for example, advertised for the summer and fall of 2024.
Persons: , Tesla, Elon Musk, Electrek, Musk, Andres Pinter, Pinter Organizations: Service, Elon, North America, Business, Bloomberg, Solutions Locations: Canada, Corpus Christi , Texas
Hong Kong CNN —Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. China’s answer to Google has been been providing mapping services to Tesla since 2020. It could also accelerate Tesla’s global development of its self-driving technology, as data from China could be used to train Tesla’s algorithms needed for fully autonomous vehicles. “Tesla’s (own) navigation system can finally be used.​​​”Introducing the FSD system could provide a revenue boost to Tesla, which is having a tough time in China.
Persons: Hong Kong CNN — Tesla, Elon Musk’s, ” Baidu, Tesla, , Elon Musk, ” Tesla, Organizations: Hong Kong CNN, Baidu, , Google, ” CNN, CNN, Weibo, Tesla Locations: China, Hong Kong
CNN —Boeing’s Starliner mission will make a third attempt at launching its first crewed flight test Wednesday in a milestone that has been a decade in the making. Veteran NASA astronauts Butch Wilmore and Suni Williams are set to ride aboard the Starliner capsule on a journey that takes them to the International Space Station. Cory S Huston/NASAIf Starliner successfully lifts off, the astronauts will spend just over 24 hours traveling to the space station. The station’s really designed to be a closed loop.”Now, the urine has to be stored onboard in containers, so Starliner’s anticipated arrival to the space station can’t come soon enough. This mission could be the final major milestone before NASA deems Boeing’s Starliner spacecraft ready for routine operations to deliver astronauts and cargo to the space station.
Persons: CNN —, Butch Wilmore, Suni Williams, Bill Nelson, , ” Nelson, Williams, Cory S Huston, Starliner, , Dana Weigel, Wilmore, Steve Stich, SpaceX —, Lockheed Martin, Tory Bruno, , it’s, Bruno Organizations: CNN, Atlas, Cape Canaveral Space Force, Veteran NASA, International Space, cumulus, Weather Squadron, NASA, Mercury, Gemini, Apollo, NASA’s, Space Station, SpaceX, Atlas V, United Launch Alliance, Boeing, Lockheed Locations: Florida, States, United States
Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X
Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York
I read some personal finance books, which is how I came across the 50/30/20 rule. I tweaked the rule to pay off my debt fasterI realized that the 50/30/20 rule didn't really account for my financial goals of paying off debt. I got engaged in February 2023, so I decided to use the 10% financial goals bucket on saving for my wedding instead of paying off debt. Now I've increased my savings budget and decreased my unnecessary spending, I feel more confident in my finances. Because I was factoring this into my 50/30/20 budget, I could afford it.
Persons: , Libby Brooks, hadn't, COVID, I've, Brooks, didn't Organizations: Service, Business Locations: Wisconsin
CNN —Boeing’s Starliner is aiming to launch its crewed maiden voyage Saturday, a mission that has been a decade in the making. Boeing Crew Flight Test mission goalsAfter reaching orbit, the Starliner crew capsule carrying Wilmore and Williams will separate from the Atlas V rocket and fire its own engines. Starliner is expected to spend more than 24 hours traveling to the International Space Station, with docking anticipated to occur at 1:50 p.m. A series of delaysYears of development hang-ups, test flight problems and other costly setbacks have slowed Starliner’s path to the launchpad. And that’s why we determined that we could go fly with what we have.”During the launch countdown, mission teams will monitor the leak to see whether it increases.
Persons: CNN —, Mark Burger, SpaceX’s, Bill Nelson, Butch Wilmore, Suni Williams, , ” Nelson, Williams, Joe Skipper, Steve Stich, Wilmore, Stich, SpaceX —, , Mark Nappi, Starliner, ” Nappi, Nappi, ” Stich, Dana Weigel, ” Weigel, , Weigel, Mike Fincke, Butch, Suni, CNN’s Deblina Chakraborty Organizations: CNN, Atlas, Cape Canaveral Space Force, 45th Weather Squadron, NASA, Mercury, Gemini, Apollo, Boeing, Atlas V, International, SpaceX, United Launch Alliance, NASA’s, Space Station, Wilmore Locations: Florida, United States
CNN —Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said. Tesla had recalled 200,000 Model S, X, and Y vehicles in the US in January due to a software malfunction that could obstruct drivers’ visibility while reversing.
Persons: Tesla Organizations: CNN, Traffic Safety Administration, NHTSA Locations: United States
Still, when you're saving for something that's decades away, such as retirement, it's easy to feel like you're not doing enough or that you're falling behind without some context. Even if you're not doing as well as you'd like, you may be doing better than most. "Automating savings ensures consistency and discipline, making it easier to stick to your retirement savings goals." It's "essentially free money that can significantly boost your retirement savings," says Basso. "Don't treat your retirement savings like Vegas and go all in on something.
Persons: you've, Ashton Lawrence, Alyson Basso, Basso, couldn't, Andrew Herzog Organizations: Fidelity, Mariner Wealth Advisors, Hayden Wealth Management, CNBC Locations: Greenville , South Carolina, Middleton , Massachusetts, Plano , Texas, Vegas
The severe turbulence that killed one passenger and injured dozens on a recent Singapore Airlines flight led to sudden changes in altitude and airspeed, Singapore’s Transport Ministry said on Wednesday. Flight SQ321 encountered turbulence about 10 hours into a 13-hour trip to Singapore from London last week, officials said. The turbulence hit as the plane was traveling over southern Myanmar at an altitude of 37,000 feet, the Transport Ministry said in a preliminary report on Wednesday. When the plane rose unexpectedly by 362 feet, probably because of an updraft, its autopilot pitched it downward, the report said. The plane also sped up unexpectedly around the same time, and the pilots manually hit a brake in response.
Organizations: Singapore Airlines, Transport, Transport Ministry Locations: Singapore, London, Myanmar
The software company NICE launched Enlighten AI to improve customer service and clients' efficiency. Eilam said Enlighten AI "dramatically improves" productivity and efficiency for customer-experience teams by automating many labor-intensive tasks, such as note-taking during customer-service calls. Enlighten Autopilot, one of the products within NICE's Enlighten AI for CX repository, enhances self-service with an AI-powered virtual assistant. Many existing customers are adding Enlighten AI to their portfolios, and NICE is attracting new customers with its AI capabilities. The organization implemented Enlighten AI to monitor 100% of its customer interactions and gather insights about the behaviors influencing customer sentiment.
Persons: , We've, Barak Eilam, Eilam, Copilot, What's Organizations: NICE, Service, Neptune Intelligence Computer Engineering, Business, Republic Services, Open Network Exchange, ONE, BI Locations: Hoboken , New Jersey
Read previewThe turbulence on the deadly Singapore Airlines flight last week was so severe that the plane dropped 178 feet in just four seconds, investigators say. The report details just how suddenly the plane experienced a catastrophic drop, one of the worst turbulence incidents in recent history. The pilots reacted by disengaging the autopilot and manually stabilizing the aircraft for about 20 seconds before re-engaging the autopilot, investigators said. According to the report, the entire incident, from slightly rough air to deadly turbulence, lasted just one minute and two seconds. According to the investigators' report, once the pilots learned that passengers were injured, they diverted the flight to Bangkok.
Persons: , it's Organizations: Service, Singapore Airlines, Transport Safety Investigation, Business, Associated Press, Passengers, Forbes Locations: London, Singapore, Myanmar, Bangkok
"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
They can now add AI recruiting systems to that pile. It turns hiring into a depersonalized process, it inundates hiring managers, and it reinforces weaknesses in the system it's designed to improve. AI is supposed to fix this mess, saving companies time and money by outsourcing even more of the hiring process to machine-learning algorithms. Platforms like LinkedIn and ZipRecruiter have started using generative AI to offer candidates personalized job recommendations and let recruiters generate listings in seconds. Several seasoned recruiters told me they hadn't incorporated AI into their workflow beyond auto-generating job descriptions and summarizing candidate calls.
Persons: Josh Holbrook, Holbrook, I've, Rik Mistry, Ian Siegel, , ZipRecruiter, weren't, it's, Tatiana Becker, Becker, Pallavi Sinha, Sinha, Kerry McInerney, Danielle Caldwell, chatbot, Caldwell, Mclnerney, Peter Laughter, who's, Bonnie Dilber, Dilber, Aki Ito, Sandra Wachter, Wachter, David Francis Organizations: Business, Society for Human Resource Management, LinkedIn, Unilever, Google, BI, Microsoft, University of Cambridge, University of Sussex, Berkeley Haas Center for Equity, Gender, Leadership, Black, University of Oxford, IBM, Talent Tech Labs Locations: Alaska, HireVue, Humanly, Portland , Oregon, Zapier
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAnother self-driving car company is facing an investigation over safety concerns. Related storiesZoox is the latest company to face questions from regulators over the safety of its self-driving technology. Zoox unveiled its first electric robotaxi in 2020, a "carriage-style" vehicle without a steering wheel. The company has been testing it in California, with the ambition of launching an autonomous ride-hailing service in the future.
Persons: , Tesla, Elon, Cruise, General Motors —, Zoox Organizations: Service, Traffic Safety Administration, Amazon, Reuters, Business, Toyota, NHTSA, General, Zoox Locations: California
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