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Tesla keeps getting hammered, and if the beating doesn't stop, it may need another tech giant like Apple to save it, experts say

Tesla keeps getting hammered, and if the beating doesn't stop, it may need another tech giant like Apple to save it, experts say

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.Tesla is feeling the pain. The company's stock price has plummeted by 35% since the beginning of this year, as of Wednesday when markets opened, it hasn't hit since the end of 2016. The electric-car maker's shares since the company went public in 2010. This most recent dive may be the...

May 22, 2019
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Tech Companies Tilt Power in Their Favor With Performance Reviews

Tech Companies Tilt Power in Their Favor With Performance Reviews

Photo: Illustration by Laurent Hrybyk.Nearly six months ago, Shopify promised staffers it would raise everyone’s salary, hoping to keep people from jumping ship as their share-based along with the company’s stock price. Instead, after a hastily assembled performance review process, the e-commerce software giant decided to give only a select number of employees a pay raise.It also decided to quietly cut about 50 workers in June, a person familiar with the matter told The Information, which became a prelude to broader layoffs at Shopify undertaken in July. The switch reflects just how much...

August 29, 2022
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Tesla's 'full self-driving' feature could put Elon Musk on the path Tim Cook followed to make Apple the world's most valuable company

Tesla's 'full self-driving' feature could put Elon Musk on the path Tim Cook followed to make Apple the world's most valuable company

An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowhas become the world's most valuable company in part by building a network of software-based services, from the app store to Apple TV+, that allows the tech giant to keep making money from customers after they buy their iPhone or MacBook.Growing the percentage of 's revenues that come from services has become a key element of CEO Tim Cook's strategy. Under his watch, Apple has launched Apple Music, Apple TV+, and iCloud.Morgan Stanley analyst Adam Jonas thinks will follow a similar path in the...

November 25, 2020
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Elon Musk said people who don't think AI could be smarter than them are 'way dumber than they think they are'

Elon Musk said people who don't think AI could be smarter than them are 'way dumber than they think they are'

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.CEO reiterated his concerns about the future of artificial intelligence on Wednesday, saying those who don't believe a computer could surpass their cognitive abilities are "way dumber than they think they are.""I've been banging this AI drum for a decade," Musk said. "We should be concerned about...

July 22, 2020
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The Trump administration's decision to spend Pentagon funds on the US-Mexico border wall was illegal, a federal appeals court ruled

The Trump administration's decision to spend Pentagon funds on the US-Mexico border wall was illegal, a federal appeals court ruled

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox.Something is loading.The Trump administration broke the law in its decision to spend Pentagon funds on a wall along the US-Mexico border, the 9th Circuit Court of Appeals said in a 2-1 ruling on Friday. The federal appeals court said the administration's actions violated...

June 27, 2020
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