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Tesla Posts First Quarterly Increase In Deliveries, But Shares Slump With Investors Hoping For More

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Low-interest financing, sweet leasing arrangements, price discounts, and free charging bolstered Tesla’s global deliveries in the third quarter, marking the company’s first increase of the year.

The Austin, Texas-based business announced Wednesday that it delivered 462,890 vehicles from July to September, aided by loans as low as 1.99% and $299 monthly leases on the Model 3, its least expensive vehicle. It supplied 435,059 autos in the same time period last year.

The results for July through September were somewhat higher than expert forecasts of 462,000 for the period, according to data provider FactSet.

tesla

Tesla Posts First Quarterly Increase In Deliveries, But Shares Slump With Investors Hoping For More

Tesla Inc. shares fell nearly 4% in morning trading.

The deliveries were “good and a step in the right direction,” noted Wedbush analyst Dan Ives, but there would be pressure on the company’s shares because investors had expected much greater.

“Overall, this is a clear improvement from the first half and we believe getting in the range of 1.8 million for the year is still the key and important bogey,” Ives told investors.

Tesla has struggled to sell its aging model lineup this year as electric vehicle sales in the United States and Europe have stalled due to concerns about range, pricing, and the ability to charge while traveling.

Falling sales early this year resulted in previously unheard-of discounts for the automaker, reducing its industry-leading profit margins. Analysts believe that Tesla’s average vehicle sales price was $42,500 in the third quarter, the lowest in four years.

The sales reduction is likely to reduce third-quarter earnings when they are published on October 23.

Tesla’s sales are declining as competition from legacy and upstart manufacturers increases, threatening the company’s market share.

Tesla’s sales were almost entirely driven by the smaller and less priced Models 3 and Y, with the company selling only 22,915 of its more premium models, which included the X and S, as well as the new Cybertruck.

In a letter to clients on Tuesday, Wedbush analyst Dan Ives predicted that third-quarter sales will return as China sales continued to rise and prices and demand stabilized.”As China continues to heat up on the demand story for Tesla with favourable leasing/financing terms and pent-up demand in the region, we are confident that we will see a significant growth figure in the region,” the reporter stated.

Tesla Posts First Quarterly Increase In Deliveries, But Shares Slump With Investors Hoping For More

According to Ives, Europe will remain slow due to macroeconomic challenges, but demand in the United States should stabilize.

However, BNP Paribas Exane stated in an investment note that the market’s long-term forecasts for Tesla are somewhat optimistic. The company stated that its revenue forecasts for 2026 and 2027 “remain 10% to 15% below the street, respectively.”

Tesla plans to present a purpose-built robotaxi at an event next week.

SOURCE | AP

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Accenture and NVIDIA Collaborate to Enhance AI Implementation.

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(VOR News) – Accenture and NVIDIA are working together more closely in order to fulfill their shared goal of hastening the global adoption of generative artificial intelligence (AI) solutions by enterprises.

This is what’s being done to make this happen. Accenture and NVIDIA have signed a contract for Accenture to teach 30,000 workers of the latter company.

This aligns with our objectives. Customers’ acceptance of the new artificial intelligence technologies and their scalability will be made easier with the help of these reps.

Accenture’s AI Refinery will be available to organizations starting yesterday.

Which utilizes NVIDIA’s entire AI stack, to help them get started on their “custom” agentic AI journey. The statement made mention of this. Businesses will receive assistance so they may get started on their trip.

Businesses can now choose to create unique models that can be updated to match the particular needs of their operations and trained using data from their own companies.

This constitutes a noteworthy progression in the domain of artificial intelligence. Businesses were given access to the refinery in July, and it gives them the chance to build these models.

The term “traditional” artificial intelligence has been expanded to encompass more sophisticated agentic artificial intelligence.

They may build workflows based on a user’s objective, and they can modify their actions based on the environment they are operating in. This allows them to accomplish their objectives.

Julie Sweet, executive vice president and chief executive officer of Accenture, stated, “Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise.”

“These opportunities will allow companies to scale AI solutions across the enterprise.” “These opportunities will help drive continuous change and create value for the organization.”

During fiscal year 2024, the multinational professional services company successfully secured new bookings for generative artificial intelligence, totaling three billion dollars. Around the same time, more businesses began implementing artificial intelligence-related technologies, which led to NVIDIA’s revenue hitting an all-time high.

In August, Jensen Huang, the founder and CEO of NVIDIA, made the following declaration: “A new computing era has begun.” Globally, companies are beginning to place more emphasis on fast computing and generative artificial intelligence than on general-purpose computers.

The Accenture rate at which this transition is happening is rising.

Using technology that combines artificial intelligence-infused software and automated procedures

Additionally, Accenture declared that a brand-new Nvidia NIM Agent Blueprint would soon be available for purchase. Manufacturing companies will be able to create robot-run buildings and factories with the aid of this blueprint. It is possible to model factory production processes with this blueprint.

The business states that it would adopt the blueprint at its own automation company, Eclipse Automation, in order to accomplish its ambition of developing designs at a rate up to fifty percent quicker than those currently being developed. This would allow the business to achieve its goal.

Furthermore, Accenture is planning to open new offices in Singapore, London, Tokyo, Malaga, and Tokyo to support the growth of its network of engineering hubs for the Artificial Intelligence Refinery.

This will be carried out to facilitate network expansion. These recently built hubs will be put to use in the process of building foundation models that can learn to become more precise and scalable.

Accenture has opened a new lab in Dublin dedicated to the advancement of generative artificial intelligence. In February of this year, the laboratory was established.

One of the components of the consulting firm’s three billion dollar artificial intelligence investment the previous year was the studio. The prior year’s investment was made.

SOURCE: SP

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Meta has started the Facebook Content Monetization Program.

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Meta has started the Facebook Content Monetization Program.

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(VOR News) – With the launch of its new monetization approach, Meta hopes to streamline existing revenue streams for content creators on its platform while simultaneously increasing new ones.

On October 2, 2024, the Facebook Content Monetization pilot experiment was revealed. This experimental project unifies three distinct monetization projects that are now underway into a single, more straightforward structure.

Facebook’s parent company, Meta, announced that the new model will combine performance bonuses, in-stream advertisements, and ads on reels into a unified income structure. With this unification, authors will find it simpler to monetize a wide range of content types, including written articles, lengthy videos, reels, and images, among others.

Facebook has been working to support platform content creators, and this announcement is part of that work. According to Meta, over four million content producers have been able to make money on Facebook since the platform’s launch of Facebook-funded monetization in 2017.

Notable Increase in the Amount Paid to Authors

According to the website Meta, Facebook paid content providers more than two billion dollars for the uploading of text, images, and videos during the course of the previous year.

Over this era, there has been a significant increase in rewards for reels and short films—a boost of more than 80 percent.

Simplifying the Techniques Applied in the Monetization Process

One of the biggest problems facing content providers is intended to be addressed by the recently launched Facebook Content Monetization initiative. Prior to this, there were differences in the enrollment processes, eligibility requirements, and availability of various monetization programs.

Because of the complexities of the scenario, some creators were not able to take advantage of opportunities or were not eligible to receive compensation in all formats.

Based on Meta’s data, only approximately one-third of Facebook producers who make money do so through many Facebook-financed initiatives. The recently combined program aims to expand earning opportunities and streamline processes in order to accomplish this goal.

The New Meta Program’s Operation of

Content creators will just need to register for one program in the Facebook Content Monetization beta phase in order to monetize various kinds of content. Performance monitoring across a variety of content categories will be possible with the program’s help thanks to its uniform collection of insights.

It has been brought to Meta’s notice that the new program’s compensation structure is the same as the current performance-based approaches used for Performance Bonus, In-Stream Ads, and Reels Ads. Still, the extent to which well-performing content qualifies will influence revenues.

Procedures for Launch and Qualification

Only individuals who have been invited may participate in the beta program’s initial stages. One million creators who have already made money on Facebook are being invited by Meta. Facebook provides revenue for these producers. In addition, the business intends to keep extending invitations for the upcoming months.

Although the program won’t be accessible to the general public until 2025, Meta is giving developers the chance to indicate that they would like to be invited to the program’s beta version ahead of time. Creators who would like to participate can express their interest and get more details by visiting the Facebook for Creators website.

Consequences for Current Programs

Meta claims that the Facebook Content Monetization scheme will soon take the place of the current Ads on Reels, In-Stream Ads, and Performance Bonus programs.

The forecasts state that this change is anticipated to occur in 2025. Creators who have been asked to join the new initiative have the option to withdraw from it during its beta period.

Acceptability of the information.

Profits could be made from any public words, images, reels, and videos that comply with the new system’s regulations. Creators and the content they generate must abide by Meta’s rules in order to be eligible for monetization; these rules include following Facebook’s Partner Monetization guidelines and the Monetization Policies.

For artists, the opportunities are great.

One important step Meta has done to support content creators on its network is the launch of Facebook Content Monetization. Facebook hopes to draw and keep a diverse range of content creators by streamlining the monetization process and boosting revenue opportunities across various content formats.

SOURCE: ARY

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Toyota Boosts Its Investment In Air Taxi Company Joby Aviation By Another $500 Million

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Toyota Boosts Its Investment In Air Taxi Company Joby Aviation By Another $500 Million

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Toyota is spending an additional $500 million on Joby Aviation as part of a collaboration to assist the American air taxi operator launch its commercial operations.

Toyota’s investment will help the certification and production of Joby’s electric air taxi, the firms announced Wednesday, bringing Toyota Motor Corporation’s total investment in Joby to $894 million. Toyota will possess around 22% of Joby’s outstanding shares following the investment, which will be made in two equal tranches later this year and next year.

toyota

Toyota Boosts Its Investment In Air Taxi Company Joby Aviation By Another $500 Million

“Today’s investment builds on nearly seven years of collaboration between our companies,” said Joe Ben Bevirt, founder and CEO of Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.”

Joby said it recently rolled off the production line with its third aircraft and that the fourth of five certifications was underway in August.

Toyota has invested time and human resources in sharing its design and manufacturing technologies, in addition to the cash. The Japanese manufacturer stated that its engineers are working with Joby’s staff at its California headquarters.

joby

Toyota Boosts Its Investment In Air Taxi Company Joby Aviation By Another $500 Million

Last year, the businesses announced a long-term partnership in which Toyota will supply crucial powertrain and other components for Joby’s aircraft.

SOURCE | AP

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