Tech Brew Ride Home Tue. 07/27 – No More Hedging. Tesla Truly Profitable.
Jul 27, 2021
Tesla has achieved a remarkable profit without relying on emission credits, marking a pivotal moment for the company. Intel is making bold moves to revitalize its semiconductor strategies, partnering with Qualcomm and tackling market pressures. In social media, Instagram has introduced new safety measures for teens, while Facebook is fully committing to its Metaverse ambitions. Meanwhile, concerns over Chinese tech regulations have led to significant market declines, highlighting the evolving landscape of global tech.
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Tesla's True Profitability
- Tesla achieved its first profitable quarter without relying on emission credit sales.
- This signifies a major milestone, demonstrating their viability as a sustainable automaker.
Bitcoin Impact and Export Hub
- Despite Bitcoin's price drop impacting its investment, Tesla remains profitable.
- Their primary vehicle export hub is now their Shanghai factory.
Intel's Turnaround Plan
- Intel plans to build chips for Qualcomm and use packaging technology for AWS.
- They aim to surpass TSMC and Samsung by 2025 using new transistor technology.