Tesla Stock Loses Charge Premarket Despite Strong Q2: What’s Going On?

Tesla, Inc. (NASDAQ:TSLA) shares dipped in premarket trading on Wednesday as investors reacted to the company’s second-quarter results. The Elon Musk-led company reported adjusted earnings per share of $0.91, surpassing consensus estimates of $0.82, on revenue of $24.93 billion, also beating the projected $24.48 billion. The auto gross margin, excluding regulatory credit, stood at … Full story available on […]

Klarna Prepares for FCA’s Consumer Duty with Money Adviser Network Partnership

Klarna, the global payments network and shopping destination, has announced a partnership with the Money Adviser Network. This makes it the first buy-now-pay-later (BNPL) to partner with the network as it helps its consumers access free and impartial debt advice quickly. The partnership marks the next stage of Klarna’s wider efforts to promote healthy spending. […]

Elon Musk Says 1st Optimus Bot Set To Walk By November With In-House Actuators

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that the first Optimus bot that will have all the Tesla-designed actuators integrated and walking will be ready by around November. What Happened: Musk said that no supplier produces the actuators required for the bot, leaving Tesla to design its own actuators that integrate the motor or the power electronics, the controller, […]

Tesla’s Earnings Twist: Short Seller Jim Chanos Says Q2 Beat Was ‘Entirely’ Due To This Surprising Factor

Electric vehicle pioneer Tesla, Inc. (NASDAQ:TSLA) reported a record quarterly revenue and an earnings beat as gross margin contraction was not as worse as expected. The stock, however, fell in reaction after the results. Tesla skeptic and short seller Jim Chanos did some number-crunching to highlight what was potentially skewed about the earnings beat. See Also: Everything You Need To Know About […]

Exness Fintech Scholarship Programme Expands to Students in Kenya

Multi-asset broker Exness has partnered with United States International University (USIU), a well-known educational institution in Kenya, to extend its fintech scholarships programme to the Eastern-African country.  Exness Fintech Scholarships aim to support outstanding university students in a STEM field. The programme, now in Kenya, is open to third and fourth-year USIU undergraduates in data […]