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Asia-Pacific markets fell on Wednesday as traders assessed July business activity data from Australia, tech earnings from the U.S. and awaited Japan PMI readings.
Nasdaq stock futures traded lower Tuesday night after megacap tech companies Alphabet and Tesla reported their second-quarter results.
PALO ALTO, California -- Tesla reported a fourth straight year-on-year quarterly profit drop on Tuesday as the U.S. electric-vehicle maker faces weakening EV demand in key markets, including China, where heated competition has pushed local players like BYD to cut prices.
Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts feared, but still represented a decline from the previous year.
Marc Andreessen and Ben Horowitz have told employees of their venture firm, Andreessen Horowitz, that they plan to make significant donations to political action committees supporting Donald Trump's campaign for president, CNBC has confirmed.
TOKYO -- Jim Keller, a chip designer who worked for Intel, AMD and Tesla, is trying to bring down the price of AI applications by designing chips that are more efficient than Nvidia's, with an eye to gaining some of the market held by the American giant.
Elon Musk posted on X that he "fully" endorses Donald Trump moments after the former president and presumptive Republican nominee was rushed off stage by secret service members following gunshots at a rally in Pennsylvania on Saturday.
Chinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to a Counterpoint Research report.