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Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment

Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment

​Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the […]  

Tesla earnings Q1 2025: What we’re watching for

​This might be the most hyped Tesla earnings in recent memory. And not for all the right reasons. Tesla has taken many hits this year as its CEO Elon Musk leans further into right-wing politics and oversees DOGE, the advisory body that President Trump has bestowed the power to slash federal spending.  For Tesla, that […]  

Character.AI unveils AvatarFX, an AI video model to create lifelike chatbots

​Character.AI, a leading platform for chatting and roleplaying with AI-generated characters, unveiled its forthcoming video generation model, AvatarFX, on Tuesday. Available in closed beta, the model animates the platform’s characters in a variety of styles and voices, from human-like characters to 2D animal cartoons. AvatarFX distinguishes itself from competitors like OpenAI’s Sora because it isn’t […]  

Meta releases its CapCut rival Edits globally

Meta releases its CapCut rival Edits globally

​Meta announced on Tuesday that it’s officially launching Edits, its CapCut-like video-creation app. Releasing globally, Edits will allow creators to do things like keep track of video ideas, get inspiration for new content, and create videos with effects and AI tools. The app is available on iOS and Android. All of the app’s features will […]  

India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation

​Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of […]