The Netherlands Authority for Consumers and Markets (ACM) has fined Fortnite maker Epic Games for pressuring youngsters.
07.05.2024 - 15:59 / wccftech.com / Rohail Saleem
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Elon Musk was able to work his magic during Tesla's Q1 2024 earnings call, giving the bulls enough ammunition to pull up the beaten-down stock from its 1-year nadir. However, the recent recovery in Tesla shares is likely to be ephemeral if the EV giant is not able to revive the margin-critical demand for its vehicles in China.
Today, China's CPCA disclosed that Tesla's insured units for April - a close approximation for the monthly delivery number - were recorded at 62,167 units, continuing the prevailing trend of year-over-year declines.
What's more, Tesla recorded a relatively muted insured units number for April despite offering zero-percent financing promos and material discounts, with new government incentives for EVs in China continuing to act as potent tailwinds for the wider industry.
Critically, Giga Shanghai is now operating with a spare capacity of around 30 percent, based on the facility's widely reported annual production capacity of 1.1 million units. As per the company's latest Form 10-Q, China accounted for around one-fifth (21.56 percent) of Tesla's total revenue in Q1 2024. Given the fact that the vast majority of Tesla's net income in 2023 was sourced from Giga Shanghai and Giga Berlin, this spare capacity is expected to materially dent the EV giant's profitability.
Meanwhile, the NHTSA has now given a 01st of July ultimatum to Tesla to provide additional information regarding its December 2023 Autopilot-related recall. Specifically, the NHTSA wants a comparison of how many times drivers have been prompted to place their hands on the steering wheel pre- and post-recall. This information is intended to help the NHTSA in determining whether the Autopilot played any role in the 20 crashes involving a Tesla vehicle since the December recall.
Tesla shares are down over 3 percent at the time of writing as investors digest today's less-than-stellar numbers out of China. Year to date, the stock is down over 27 percent.
The Netherlands Authority for Consumers and Markets (ACM) has fined Fortnite maker Epic Games for pressuring youngsters.
Behaviour Interactive have revealed a new trailer for The Casting of Frank Stone, a new horror adventure created by Supermassive Games, the team behind Until Dawn for Sony andThe Dark Pictures Anthology for Bandai Namco.
Athenian Rhapsody, the comedic RPG adventure by Nico Papalia, lands on mobile today. Promising to whisk you away on a journey through the vibrant World of Athens, this game brings quite the punch of hilarity and unconventional gameplay.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
In the Fallout TV series, it's revealed that Vault-Tec nuked the iconic Shady Sands. It's been incredibly controversial with fans, but they're not alone. Designer John Deiley, who took it from a small innocuous settlement in the first game to the thriving NCR capital of Fallout 2, also isn't happy with the decision.
is an epic story in the most literal sense of the world but those who find the fate of Arthur Morgan a little too depressing are in luck because a happier fate can now await the outlaw. It's arguably one of the most tragic deaths in the video game medium as Arthur, forced to reconcile with his nature following his tuberculosis diagnosis, ultimately attempts to right all his wrongs by sacrificing himself to save the rest of the gang. It's a beautiful moment, but that doesn't mean his story has to end there.
WWE Games has released the first footage of CM Punk in WWE 2K24, marking his return to WWE video games after a decade.
Star Wars Outlaws devs say the game's reputation system is designed to shape the world around protagonist Kay Vess, rather than the story that you're playing through.
A fan recreated every villager in , including everyone's most-hated one. There has been no shortage of recreations of favorite bachelors and bachelorettes in other games, with the 12 marriage candidates in being among some of the most well-loved and discussed characters in recent times, but it is uncommon for other less popular villagers to get the same amount of attention. Though some fans have differing opinions on the best person to marry, everyone seemingly agrees on the most-hated villager in the game.
Arguably Cyberpunk 2077's most famous date scene - the underwater scuba dive with tech wizard Judy Alvarez - was made with smoke and mirrors, according to one lead developer.
In , bows introduce a dynamic ranged combat option that allows players to engage enemies from a distance. This versatility is highly advantageous in battles, but utilizing bows effectively requires skillful aiming and a strategic approach to when and how to use them. As a complement to melee combat, bows offer tactical advantages that can decisively influence the outcome of various encounters.
From the start of , it’s clear that money is hard to come by. There are no shortage of needs that will drain your wallet, from meal recipes to armor repairs. To afford the bare necessities and luxury purchases later down the line, making silver becomes increasingly important.