Musk says Apple handed on Tesla acquisition three years in the past

A Tesla Model 3 is seen in the general assembly line at the Tesla factory in Fremont, California, in July 2018.

Enlarge / A Tesla Mannequin three is seen within the common meeting line on the Tesla manufacturing unit in Fremont, California, in July 2018. (credit score: Mason Trinca for The Washington Publish by way of Getty Pictures)

A number of years in the past, Elon Musk tried to curiosity Apple CEO Tim Prepare dinner in shopping for Tesla, Musk stated in a Tuesday tweet. “He refused to take the assembly,” Musk added.

In keeping with Musk, this occurred within the “darkest days of the Mannequin three program”—probably a while in late 2017 or early 2018. Musk lately revealed that at one level early within the Mannequin three manufacturing course of, Tesla was “a few month” away from chapter

“The Mannequin three ramp was excessive stress & ache for a very long time — from mid 2017 to mid 2019,” Musk wrote in November. “Manufacturing & logistics hell.”

Learn 11 remaining paragraphs | Feedback

Tagged : / / / / /

Apple earnings present sturdy iPad and Mac gross sales can’t make up for the iPhone

An older man in a white polo shirt flashes a peace sign while walking outdoors.

Enlarge / Apple CEO Tim Cook dinner. (credit score: Patrick T. Fallon/Bloomberg by way of Getty Photos)

Apple introduced its fourth-quarter earnings at the moment after the bell, and it was one thing of a wierd quarter as a result of, not like some earlier years (together with final 12 months), this quarter’s numbers didn’t embody an iPhone launch. The iPhone 12’s varied fashions ship in October and November as an alternative of September this 12 months.

CEO Tim Cook dinner proudly introduced double-digit YOY progress in all product classes in addition to iPhone on the decision, however the iPhone is necessary: Apple’s complete income was up only one p.c year-over-year, with iPhone income down virtually 21 p.c.

Whereas the iPhone did not assist push up the underside line, Apple did launch different merchandise through the interval, together with the redesigned iPad Air and two Apple Watches: the Apple Watch Collection 6 and the Apple Watch SE. iPad income was up a considerable 46 p.c YOY (it totaled $6.eight billion), and Mac income was additionally sturdy at $9 billion, or 28 p.c greater than the identical quarter final 12 months.

Learn 5 remaining paragraphs | Feedback

Tagged : / / / / / / / / / / /

“It is a very harmful scenario”: Massive Tech’s day on the Hill

Amazon CEO Jeff Bezos testifies (remotely) before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on "Online Platforms and Market Power" in the Rayburn House Office Building on Capitol Hill in Washington, DC on July 29, 2020.

Enlarge / Amazon CEO Jeff Bezos testifies (remotely) earlier than the Home Judiciary Subcommittee on Antitrust, Industrial and Administrative Regulation listening to on “On-line Platforms and Market Energy” within the Rayburn Home Workplace Constructing on Capitol Hill in Washington, DC on July 29, 2020. (credit score: Graeme Jennings – Pool | AFP | Getty Pictures)

A bevy of tech’s largest titans—Alphabet CEO Sundar Pichai, Amazon CEO Jeff Bezos, Apple CEO Tim Cook dinner, and Fb CEO Mark Zuckerberg—all took to their distant workplaces Wednesday to dial right into a hotly anticipated Congressional listening to, the most recent a part of an in-depth investigation into their companies’ habits that started greater than a 12 months in the past.

The virtually six-hour listening to was nominally convened to speak about antitrust enforcement, and it had two core questions at its coronary heart. First: do the largest, globe-spanning US tech firms have an excessive amount of energy out there? And second: did they arrive by the facility they do have actually, or did they someway cheat to get it?

Home Antitrust Subcommittee Chairman Rep. David Cicilline (D-R.I.) targeted his opening remarks on how bipartisan the investigation course of has been to this point earlier than sketching out his perception that every one 4 firms current have behaved anticompetitively, turn out to be monopolies, and prompted hurt each to shoppers and the complete democratic undertaking writ massive.

Learn 68 remaining paragraphs | Feedback

Tagged : / / / / / / / / / / / / / /