🗞️ Tesla beats expectations

October 24, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: Tesla's operating income +54%, with EPS beating estimates Apple said to sharply scale back Vision Pro production Google releases SynthID Text to watermark AI-generated text Follow us on X | Instagram | Advertise 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): Bay Area Times Daily - Oct. 24, 2024 ►   Play Online 1. Tesla's operating income +54%, with EPS beating estimates as demand rebounds +8% YoY in Q3 revenue to $25.18B, vs. $25.41B estimated. +17% in Q3 net income (GAAP) to $2.17B, with an adjusted EPS of $0.72 beating estimates of $0.60. 463K vehicles delivered in Q3, vs. 444K in Q2 and 435K a year ago. Cybertruck reached profitability for the first time. Autonomous ride-hailing to go public in Texas and California next year. Plans for more affordable models in 1H 2025. Tesla's stock was +12% in trading after hours MarketWatch: Tesla stock. 2. One VPN for Unlimited Protection* Surfshark VPN. One Surfshark VPN subscription keeps everything private; no limits, no fuss. Set it up once, and you're protected every time you browse. Stream, shop, and visit sites worry-free. Get Surfshark to block snoops and keep your connection safe on all your devices. Get Surfshark VPN now for $1.99/mo + 4 months free *Sponsored. 3. Apple said to sharply scale back Vision Pro production Apple. Apple could stop making the headset by Nov. Demand has been weak so far. Components for 500K-600K headsets have been built to date. 2025-end: cheaper Vision Pro may debut. Relatedly, Apple is reportedly nearing production of an updated MacBook Air with the M4 chip Apple: MacBook Air with M3 chip was launched in March. 13-inch and 15-inch models in the new lineup. Next week: new Macs, including MacBook Pro and iMac, said to launch. This spring: new entry-level iPad models could debut. 4. Google releases SynthID Text to watermark AI-generated text Google. Adds info to token distribution by modulating token generation likelihood. Doesn't compromise quality, accuracy, creativity, or speed, Google said. However, it doesn't perform well with short, rewritten, and translated text. Free to download from Hugging Face and Google's Responsible GenAI Toolkit. Later this summer, Google will open source SynthID Text. SynthID can also watermark videos by embedding a watermark in each frame's pixels Google. Google has added SynthID to Veo for video watermarking. Aug. 2023: when Google launched SynthID in beta to identify AI images. 5. Email Personalization and Collaborative Pipeline Management* Pipedrive. Add personalization to your email marketing campaigns and outreach efforts. See where each deal stands with a visual representation of your sales pipeline. Foster collaboration with integrations that notify teams when deal stages are updated. Never miss an opportunity. Try it free *Sponsored. 6. Global VC dealmaking in pet companies continues to decline as demand cools PitchBook. -44.1% to $1.75B in 2023 from the 2021 peak in VC funding into pet startups. 2024 YTD: $0.72B worth of VC deals closed. 189 deals have been closed this year so far. Loyal and FirstVet among the startups raised sizeable sums in 2024. Vetted Capital to raise $150M–$300M for the first pet care-focused fund. 7. Triple, quad camera smartphones capture 50% of global sales Counterpoint. 20% smartphones sold have 3 cameras with ultrawide and telephoto lenses globally. 700M smartphones debuted in 2023 with optical image stabilization (OIS) Counterpoint. Smartphones with a 1-inch CIS camera continue to grow in the global smartphone sales Counterpoint. 8. Interesting videos, posts, and memes AJ Tennant: How to Build a Sales Machine and Where Most Go Wrong | E2118 2 $1M+ EdTech Startups you can launch tomorrow 9. Other headlines AI SK Hynix's revenue +94% to $12.7B, operating margin at 40%. Ex-OpenAI employee accuses company broke law when scraping content. Character AI sued over teen's suicide. iOS 18.2 first beta out with Genmoji, Visual Intelligence, ChatGPT support. Perplexity CEO says it wants revenue-share deals with news publishers. Software Engineer or Architect? Hire Both!* hear.com: 9/10 Audiologists Agree: "This Is The #1 Hearing Aid In The US* *Sponsored. Tech WeRide, Chinese self-driving startup, files for $119M IPO. Apple cuts iPhone 16 orders by ~10M units for 4Q24-1H25: report. Nicole Shanahan profile: remaking herself as a "pro-Trump wellness guru." IBM's revenue +1% to $15.0B, lower than $15.1B estimates. TikTok says it's bringing STEM feed to all users in U.S., UK, Ireland by default. monday.com connects and empowers teams to excel in every aspect of work. Get started now!* *Sponsored. Tech & law EU's Court of Justice gives Intel win in $1.1B antitrust fine case. Apple, Goldman Sachs to pay $89M in U.S. fines over credit card program. Biotech RegenxBio promotes positive data from wet AMD gene therapy trial. Radiopharma Alpha-9 raises $175M series C to fund clinical push. Ocuphire to transform into gene therapy biotech via Opus buyout. Business Boeing strikers reject 35% pay hike +4-year contract. New home sales on track to fall 3%+ YoY, out at 10 AM ET. Crypto Crypto super PAC Fairshake poised to spend more $40M in final weeks. Nigeria court releases Binance exec detained for months. BTC whale count surge to highest levels since Jan. 2021. Citibank debanked Ripple's Brad Garlinghouse due to crypto, exec says. U.S. politics Elon's America PAC gets warning that $1M giveaways could be illegal. Harris calls Trump fascist in bid to sharpen 2024 contrast. World Turkey's Erdogan sole NATO member to join BRICS Summit in Russia. Hezbollah sends 50+ rockets into Israel. Israel's Gallant: "after we strike in Iran, everyone will understand" our preparation. Hamas ready to prioritize Russian hostages in potential deal: deputy head. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. Click to Share Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y What did you think of today's newsletter? ⭐️⭐️⭐️⭐️⭐️ Amazing! ⭐️⭐️⭐️ OK ⭐️ Bad Advertise on the Bay Area Times Disclaimer: The Bay Area Times is a news publisher. 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