Columbus, OH

Tesla is experiencing a slowdown in its core electric vehicle business as demand softens and competition grows. According to Ark Investment Management, electric vehicle sales will represent a minority of the company's revenue by 2029. Ark believes Tesla's full self-driving software and its upcoming robotaxi are key to its future...

Tesla Makes Money Selling Electric Vehicles, But 86% of Its Earnings Might Soon Come From This Instead

Elon Musk says that he would be ‘surprised’ if Tesla doesn’t have “unsupervised” self-driving next year. Though, like most of Musk’s self-driving timeline, you should probably ignore. Musk has famously predicted that Tesla would achieve self-driving “by the end of the year” every year...

Elon Musk would be ‘surprised’ if Tesla doesn’t have ‘unsupervised self-driving’ next year

Check out the companies making headlines in extended trading:. — The tech giant slipped 1% despite a beat on both top and bottom lines in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue at its YouTube advertising segment missed forecasts.

Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more

New York Post

Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects.

The company said it was on track to produce “new vehicles, including more affordable models” in the first half of 2025, although the models will result in achieving less cost reduction than previously expected.

Tesla recorded automotive gross margin excluding regulatory credits of 14.65% in the second quarter, compared with estimates of 16.29%, according to 20 analysts polled by Visible Alpha.



Its shares were down...

Tesla shares drop as revenue misses estimates and price cuts dent profit

The Associated Press

DETROIT (AP) — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla’s second-straight quarterly net income decline. Second quarter revenue rose 2% to $25.5 billion, beating Wall Street estimates of $24.54 billion, according to FactSet. Excluding one time items, Tesla made 52 cents per share, below analyst expectations of 61 cents. Shares of Tesla fell about 8% in trading after Tuesday’s closing bell. The shares had been down more than 40% earlier in the year, but have since recovered most of the losses. 

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

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Gardening Soul

Spider plants (Chlorophytum comosum) are a favorite among houseplant enthusiasts and beginners alike. Known for their striking appearance and low maintenance requirements, these plants offer numerous benefits that make them a perfect addition to any home.

8 Reasons Why Everyone Should Have a Spider Plant at Home

Broward County, FL

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Margate, FL

Edmond Thorne

MARGATE, FL. - A sophisticated lottery scam targeting vulnerable seniors across the United States has been uncovered, with a Margate man at its center. The elaborate scheme defrauded victims of approximately $9.5 million, leaving a trail of financial and emotional devastation in its wake.

Broward Man Arrested by Feds in $9.5 Million Lottery Scam: Targets Seniors Nationwide.

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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WyoFile

The woman who shot a video of a hydrothermal explosion in Yellowstone National Park on Tuesday morning told WyoFile she and her family were terrified as the blast sent boiling water and rocks skyward, destroying parts of a boardwalk, its guardrail and a nearby bench.

Yellowstone hydrothermal explosion: ‘We were terrified’

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Boston, MA

Swansea, MA

Dianna Carney

A new family-owned and operated themed entertainment complex is coming soon to Swansea, a small town in Bristol County, Massachusetts. Silver Stone Castle & Family Entertainment is set to be an exciting addition to the town of fewer than 17,000 residents.

New Family-Owned & Operated "Medieval Experience" Coming to Massachusetts Shares Sneak Peek

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

As the Summer Olympics get ready to kick off in Paris, France, this week, a new entry in the Olympic Games has been added to next year’s calendar. The International Olympics Committee has unanimously voted to create the Esports Olympic Games, which will have its inaugural event in Saudi Arabia next year.

IOC unanimously votes to create Olympic Esports Games

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Alameda, CA

Alameda Post

The unthinkable has happened. Again. A gunman has taken multiple lives. The difference this time? It happened here, in Alameda. We are an island, both physically and psychologically. I spend a lot of time explaining to people that our focus is Alameda, and Alameda alone, so our coverage doesn’t usually include stories as horrific as this one.

It Happened Again. Here.

M Henderson

Here's another recipe for fudge that's very easy to make. You can double it, or quadruple it, for more servings. 4 tablespoons cocoa or cacao powder (I like 2 tablespoons of each)

3-Ingredient Fudge

The media conglomerate has demanded that the search engine stop scraping its content for generated responses. The generative AI business is an ugly one, not just literally, but figuratively. In order to generate the responses, AI companies need to scrape content in order to train their models. It would seem that Conde Nast is not too pleased with this, and has sent a cease and desist to Perplexity.

Conde Nast orders cease and desist against AI search engine Perplexity

NewsBreak

Tesla (TSLA) Q2 2024 EV production and deliveries decreased from Q2 2023

As Tesla shared its Q2 2024 earnings results this week, it also shared a number of interesting metrics in regards to its business, such as the...

Tesla (TSLA) Q2 2024 EV production and deliveries decreased from Q2 2023

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