Ottawa on Friday spelled out how a new law requiring digital giants to pay publishers for news content will work in practice, including how much it could cost Meta and Google.
16.08.2023 - 02:25 / tech.hindustantimes.com / Elon Musk / New
Tesla Inc. added new lower-range iterations of the Model S sedan and Model X sport utility vehicle to its lineup that cost $10,000 less than their previous base prices.
The Standard Range Model S starts at $78,490 and offers an estimated 320 miles (515 kilometers) of range, while the Standard Range Model X is priced from $88,490 and goes 269 miles on a charge, Tesla's website shows.
As both the oldest and most expensive vehicles in Tesla's lineup, the Model S and X aren't nearly as important to the company as the Model 3 sedan or Model Y SUV. But while the Model S and X account for a fraction of sales — roughly 3.4% of first-half deliveries — the prices they've commanded until recently helped buoy the company's profit margins.
The starting price of the Model S has now dropped 25%, or $26,500, since the beginning of the year, while the Model X has come down 27%, or $32,500.
Tesla shares were little changed at the start of regular trading Tuesday in New York. The stock has almost doubled this year.
Chief Executive Officer Elon Musk said last month that Tesla would have to keep lowering prices if interest rates continued to rise, and has warned he's willing to sacrifice profitability to keep growing sales. The company's automotive gross margin fell to a four-year low in the second quarter.
The introduction of cheaper versions of the Model S and X is the second move Tesla has made in as many days to lower prices. On Monday, the company discounted the middle and high-end iterations of the Model Y in China by 14,000 yuan ($1,900), fueling concerns of a renewed price war in the world's most hotly contested EV.
Ottawa on Friday spelled out how a new law requiring digital giants to pay publishers for news content will work in practice, including how much it could cost Meta and Google.
The Elder Scrolls Online allows players to explore the world of Tamriel however they choose. I started with the Aldmeri Dominion faction as a Nightblade in this playthrough. This short exploration of Coldharbour will give an idea of what challenges players will encounter in Molag Bal’s Daedric realm.
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Senator Chuck Schumer plans to bring together several technology industry chiefs to discuss the ramifications of artificial intelligence, including Elon Musk and Mark Zuckerberg, who have been discussing whether to bring their rivalry to a cage match.
By Andrew Webster, an entertainment editor covering streaming, virtual worlds, and every single Pokémon video game. Andrew joined The Verge in 2012, writing over 4,000 stories.
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It's launch day for the next chapter in Guild Wars 2 with the release of the newest expansion, Secrets of the Obscure on PC. This is the fourth expansion, but the first following the 10-year-long Elder Dragon Saga. You'll be able to take to the sky, explore new areas, get your hands on a skyscale mount, and get more build customization options.
Jack Dorsey is done with Instagram.