Latest news with #Tesla
Yahoo
an hour ago
- Business
- Yahoo
A $3 Billion Reason to Buy Meta Platforms Stock Here
Meta Platforms (META) is the largest social media company in the world. The company owns and operates platforms like WhatsApp, Facebook, Instagram, Messenger, and Threads, making it a household name with a giant footprint. Meta's stock has gained 23.5% YTD but had struggled before picking up the pace toward the end of April. Shares are now up 19% in the last three months and are just 4.5% below their all-time highs. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Meta Platforms reported its first-quarter results on April 30 posting a profit of $16.64 billion translating to $6.43 per adjusted share. The figure easily topped analysts' estimates which came at $5.22 per share. The company generated $42.31 billion in revenue in the quarter, up 16% year-over-year while surpassing analysts' estimate of $41.24 billion. During the quarter, Meta saw a 6% annual rise in its family daily active people, which climbed to 3.43 billion. Ad impressions rose 5% across platforms while pricing increased 10% per ad on average. For the ongoing second quarter, management anticipates revenue in the range of $42.5 billion to $45.5 billion. For the full year, management has raised its capital expenditure outlook to $64 billion and $72 billion from its previous outlook of $60 billion and $65 billion. Meta cited additional data center investments to assist its AI efforts along with a rise in expected infrastructure hardware cost. Meta Platform has announced the monetization of its messaging platform, WhatsApp. The company will introduce ads in the app's Updates tab, generating around $3 billion to $5 billion in annual revenue as projected by Morgan Stanley. In the most bullish scenario, annual revenue from WhatsApp ads could surpass $6 billion. Meta says these ads will not interfere with private messages and calls and will be limited to the Updates sections, frequented by 1.5 billion users daily. Beyond advertisements, the company is also exploring other avenues for revenue such as Channels promotions or Channels Subscriptions. Morgan Stanley believes Meta's extensive ad infrastructure supported by the global users should be able to support this projected revenue growth. Analysts are bullish on the tech giant with a consensus 'Strong Buy' rating but its mean price target of $715.52 is below its current trading price. The stock has been covered by 54 analysts, receiving 45 'Strong Buy' ratings, three 'Moderate Buy' ratings, four 'Hold' ratings, and two 'Strong Sell' ratings. On the date of publication, Ruchi Gupta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
The Star
an hour ago
- Automotive
- The Star
Tesla completes first fully autonomous Model Y delivery ahead of schedule
FILE PHOTO: A guest takes photos of Tesla Model Y, displayed during the inauguration ceremony of the first Tesla showroom in Riyadh, Saudi Arabia. April 10, 2025. REUTERS/Mohammed Benmansour/File Photo
Yahoo
an hour ago
- Business
- Yahoo
Constellation earnings, Tesla deliveries, tax bill: What to Watch
Asking for a Trend host Josh Lipton takes a look at the top stories for investors to watch next week. Constellation Brands (STZ) will report first quarter earnings on Tuesday after the closing bell, with analysts expecting a 5.6% decline in adjusted earnings per share (EPS). Tesla (TSLA) will release its second quarter vehicle delivery and production numbers on Wednesday amid its domestic and European sales challenges. On Thursday, the June jobs report will be published in the morning and is expected to show 110,000 new jobs added and unemployment ticking up to 4.3%. Meanwhile, Senate Republicans are racing to revise and pass President Trump's tax bill before the self-imposed deadline on Friday, July 4. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Automotive
- Yahoo
Elon Musk Says First Tesla Drove Itself From Factory to Customer
(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company's factory near Austin to a customer's home in the company's latest move to showcase its push into autonomous driving. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown Sprawl Is Still Not the Answer In a post on X, Musk announced the company had made an autonomous delivery of a Tesla Model Y from factory to a customer's home, noting the delivery was made 'across town,' and included highways. Musk said the delivery did not include anyone in the car and no remote operators were in control of the car. While the post did not include video or images, Musk posted that video of the event would come soon. Tesla's head of AI and autopilot, Ashok Elluswamy said the vehicle reached a max speed of 72 miles per hour. The delivery was one day ahead of the date Musk had earlier set for the first autonomous delivery, June 28, which will be his 54th birthday. Tesla's first autonomous delivery highlights Musk's bet that artificial intelligence and robotics represent the future of his electric car company. It comes days after Tesla began its long-awaited robotaxi service on June 22, offering a select group of influencers and investors rides in a small fleet of self-driving Model Y SUVs in a limited area of Austin. Musk previewed both events in a post earlier this month on X, and has said the company plans to eventually have millions of robotaxis on the road in the future. Musk is counting on eventually churning out large numbers of robotaxis and Optimus humanoid robots to underpin the EV company's next chapter. Sales in key markets including North America and Europe remain sluggish and the company has faced a consumer backlash to Musk's role in US President Donald Trump's administration. Multiple executives have also left the company in recent weeks. The hands-free delivery is an extension of a capability Tesla touted in April, when it posted a video showing cars moving autonomously from its Texas assembly lines to logistics lots prior to shipping. It's unclear whether autonomous deliveries will become a meaningful part of Tesla's operations. Tesla did not immediately respond to a request for comment. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Apple Test-Drives Big-Screen Movie Strategy With F1 ©2025 Bloomberg L.P.
Los Angeles Times
4 hours ago
- Politics
- Los Angeles Times
Mexico threatens to sue Musk's SpaceX over contamination from exploding rockets
Mexico City — A small Texas town just across the border from Mexico is the testing ground for Starship, the hulking spacecraft that Elon Musk hopes will one day ferry people to Mars. In recent months, multiple test launches have ended in explosions, causing debris to rain down on both countries and in the Gulf of Mexico. Mexican scientists say the wreckage is killing wildlife, including dolphins, sea turtles and fish. Amid growing pressure from her constituents, Mexican President Claudia Sheinbaum said this week that her government is investigating the 'security and environmental' impacts of Musk's rockets and has found that 'there is indeed contamination,' a charge Musk's company denies. Sheinbaum said her government is trying to determine whether SpaceX has violated international laws and said Mexico will file 'necessary lawsuits.' Her statements come amid hightened tensions between the U.S. and Mexico on security, migration and the economy. President Trump's new tariffs on Mexican imports and threats of U.S. drone strikes on cartel targets have sparked a surge of nationalism here. Musk, a billionaire who is also the CEO of Tesla and the owner of X, is closely allied with the U.S. administration, having donated more than a quarter billion dollars to help elect Trump. For several months this year he was the informal head of Trump's Department of Government Efficiency. SpaceX said in a post on X that independent tests performed on the material used in Starships confirm that it 'does not present any chemical, biological or toxicological risks.' The company said it attempts to recover all debris from exploded devices. U.S. groups have also blamed SpaceX rockets for environmental degradation. The company's Starbase launch facility in South Texas abuts the Boca Chica Wildlife Refuge, an expanse of tidal flats, mangroves and sand dunes that is home to rare and endangered species including ocelots, sea turtles and northern aplomado falcons. A coalition including the Sierra Club and a local Native American tribe sued the Federal Aviation Administration and the U.S. Fish and Wildlife Service, alleging the agencies approved test launches without conducting thorough environmental reviews. They say failed rocket launches have spread concrete and metal debris across thousands of feets of surrounding lands — and once set off a fire that burned several acres of protected dunes. In Mexico, environmentalists began raising alarm earlier this year after space debris was discovered in the border city of Matamoros, in the Río Bravo — as Mexico calls the Rio Grande — and in the Gulf of Mexico. A local NGO in the state of Tamaulipas issued a report documenting animal deaths in a region known as a nesting ground for manatees, sharks, whales and other animals. It warned particularly about risks to sea turtles who ingest particles of space debris. The group said it had collected more than a ton of debris scattered along an area more than 25 miles long. The governor of Tamaulipas said authorities were also looking into the issue. Gov. Américo Villarreal Anaya said his government will verify whether 'the internationally required distances are being respected in order to have these types of facilities so that there is no risk to urban centers.'
