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What a complicated week for Tesla.
The electric car maker announced this week that it had lost more than $ 700 million in the first quarter of 2019, a nasty surprise for investors when publishing its quarterly earnings report.
But it was like the 3rd or 4th of Tesla's most interesting news that took place this week. CEO Elon Musk also avoided writing another check to the SEC for his tweet habit and Tesla presented some of his personal dreams at an event dedicated to self-reliance.
Let's see the news one by one:
- First, let's talk about Tesla money. When calling for the first quarter results, Zachary Kirkhorn, Tesla's CFO, described the investment as "the most complicated quarter." Investors were already expecting a loss, but many factors led to the loss of $ 702 million after two quarters of profitability. Musk had already indicated that deliveries had been lower than expected. They finally shipped 63,000 cars, one-third less than the previous quarter. Add to that the partial expiry of the federal electric vehicle tax rebate and you will get some answers, but a few outstanding questions.
- Then, the company has made great promises for its autonomous future, but it is nothing more intriguing than Elon Musk, announcing that Tesla was planning to launch a robotaxi network in 2020, although the CEO has emphasized the warnings according to which local laws guide a lot how such a service has been deployed.
- The day of autonomy of the company was not only to bypass the next public Uber on its own carpool, the company has also plunged into the hardware, especially its new computer "autonomous" that has already begun to ship in the new models 3, S and X. If you look – not very closely – you will see that it is actually two independent computers designed for redundancy, so there is less room for a glitch that could put drivers at risk.
- Finally, on Friday, we learned that Musk and the SEC had reached an agreement allowing it to keep its money and Twitter account and avoid being held in disregard of the original agreement. The agreement reached gave Musk a list of topics (list here) on which he needed Tesla's prior approval to be able to tweet, a solution that would probably be good for everyone, especially Tesla officials who probably did not want to keep Elon tweeting. about the anime.
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Trends of the week
Here are some big news articles from big companies, with green links to all the sweet, sweet added contexts.
- Know when to fold them
Well, like last week's update,Samsung unfolds a flop?"Question, it seems that Samsung has decided that he was probably doing this, so he has indefinitely delayed the release of the Galaxy Fold to better understand what was not working with the flexible OLED display of the Stranger: iFixit has released a troubleshooting document that raises obvious problems with the phone's construction and has removed the message after Samsung has requested removal through an iFixit partner. - Give us today, our one-day expedition
Amazon is preparing to make the day-to-day premium shipment the default One day. In the United States, there are tens of millions of premium subscribers, but as Amazon increased its annual price, they were trying to soften the deal with media games that sometimes seemed random. Making the default shipping the same day by default would change the game. - Comcast looks up on Hulu Farewell
Hulu, who was once the complicated child of the rooted powers of television networks, has become a Disney production in its own right lately. After winning a significant share of the transaction with 21st Century Fox and the sale of Time Warner at AT & T, Disney would be in negotiations to buy the remaining 33% stake in the company at Comcast, which would make Hulu a 100% Disney deal. - How did I break that
Mark Zuckerberg has a new podcast, read more about why and listen to it here.
Special guest
I'm not the first to get excited about business computing, but Box CEO Aaron Levie has just published a guest article on TechCrunch about how the corporate software world has become much more exciting over the last decade. Check it out.
"… we have entered a new era of enterprise software and businesses are embracing this model en masse. What seemed unfathomable only a decade ago is becoming commonplace … "
Photo of Paul Marotta / Getty Images
GAFA blunders
How did the leading tech companies fail this week? This clearly needs its own section, in order of gravity:
- Facebook is getting 3X. It's a bit cheat because it's a list, but I have everything to do about efficiency:
[[[[Facebook launched three privacy investigations in one day] - Facebook is preparing for an imminent fine for non-respect of privacy:
[[[[Facebook reserves $ 3 billion for a future fine FTC]
Extra Crunch
Our premium subscription service continues to produce impressive long readings as a channel for our staff's niche obsessions. We had an excellent article this week about the difficulties associated with determining the ownership of Huawei, especially when the owner might be the Chinese Communist Party.
"… Despite the sale of 59 million smartphones and $ 27 billion in revenue last quarter in its first public earnings report released this morning, a strange and tempting question surrounds the world's second largest handset maker behind Samsung. Who does Huawei belong to?
Here are some of our other best reads this week for premium subscribers. Our staff seemed to be writing a lot about presenting stories this week …
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