By Stephen Nellis and Jane Lanhee Lee iDEAL Semiconductor on Tuesday said it has raised a new round

(Reuters) -German automaker Mercedes-Benz said on Friday its electric vehicles in North America will adopt the Tesla-developed charging technology from

Electric car maker Tesla’s profits took a dive in the third quarter, according to an earnings call on Wednesday in which the company’s chief Elon Musk blamed staff working from home for being “detached from reality”. Tesla’s profits in Q3 of 2023 have plunged by over 40 per cent compared to the gains it made in the same period last year after the company slashed its car prices by around 25 per cent in an attempt to compete with other EV makers. The EV manufacturer reported a net profit of about $1.9bn for the time between July through September, which is a 44 percent drop from the $3.3bn it made in the same three-month period last year. While the company has seen a small increase in overall revenue of about $23bn from the $21bn the same time last year, the figures are still lower than Wall Street expectations. Mr Musk also dampened hopes of the company’s anticipated Cybertruck reviving profits in the near future, announcing that it would take at least 18 months for the truck to become profitable as it could go on sale only by the end of November. “There will be enormous challenges in reaching volume production with Cybertruck and making the Cybertruck cash flow positive,” the Tesla titan told investors and analysts in the earnings call. “The blood, sweat and tears that will be required to achieve that is just staggering,” he added. Over the last year, Tesla has slashed the prices of its cars by quarter to boost sales. Growing competition with the introduction of EVs by other car makers in the US, including BMW, Toyota, Mercedes, GM and Hyundai, has also coincided with Tesla’s share of vehicles in the EV market reducing in the last quarter. In the earnings call, Mr Musk also said staff working from home are taking advantage of those who cannot work from home. “Like... what about all the people that have to come to the factory and build the cars?” he asked. “Why did I sleep in the factory so many times? Because it mattered,” the Tesla chief said. Mr Musk echoed the statements he made in an interview with CNN earlier this year in which he called remote work “morally wrong”, arguing that it is unfair to those who cannot have the option. “Get off the goddamn moral high horse with the work-from-home bullshit,” he said. Tesla also pointed fingers at its reduction in production while it upgraded its factories as one of the factors behind the profit slump. It said it has also been making big investments in AI and “commissioned one of the world’s largest supercomputers.” “We have more than doubled the size of our AI training compute, accommodating for both our growing data set & Optimus, which is currently being trained for simple tasks through AI rather than hardcoded software, while its hardware continues to improve,” Tesla said. But all is not gloomy as the company says the first deliveries of its Cybertruck are scheduled for 30 November and Tesla’s Model Y remains the “best-selling vehicle of any kind” in Europe. Read More X begins charging new users to post as part of trial EU asks Elon Musk to ‘walk the talk’ on X/Twitter disinformation over Hamas attack AOC wants to ‘trade in’ her Tesla for union-made electric vehicle amid historic auto workers strike Amazon to start dropping packages into people’s gardens using drones in the UK Facebook has stopped working Facial recognition firm Clearview AI overturns UK data privacy fine

BRONX, N.Y.--(BUSINESS WIRE)--Jun 14, 2023--

Zambia says it plans to regulate the sale of carbon credits and take a share of the proceeds

Large parts of the United States and some areas in Canada, home to around 165 million people, could

HOUSTON--(BUSINESS WIRE)--Jul 5, 2023--

He's a big Manchester United fan, but iShowSpeed had no idea who a group of Newcastle United footballers were after they 'butchered' him during a late night Fortnite session. Three players took down iShowSpeed during his latest gaming stream, but despite being notable Premier League stars the content creator had no clue who he was up against. "Who the f*** is Harvey Barnes, bro?" iShowSpeed shouted after meeting a sticky end in the game. Harvey Barnes, as football fans know, is a talented winger on the fringes of the England squad who moved to Newcastle from Leicester in the summer. Viewers weren’t 100 per cent sure whether it was the real Harvey Barnes who had taken iShowSpeed down at first. However, he was joined by players with the aliases Anthony Gordon and Paul Dummett, who also play for Newcastle, which seemed to confirm things. "I’m creased some Fortnite pro players and Speed got butchered by Harvey Barnes, Paul Dummett and Anthony Gordon at 1am,” one social media user posted after seeing the incident unfolded. Another said: “Never thought i’d hear speed and xqc talking about harvey barnes lmfao.” One more added: “Speed getting his ass handed to him on Fortnite by Harvey Barnes is hilarious.” “A crossover we never knew we needed…” another wrote. It comes a few days after iShowSpeed attracted controversy after attempting a dangerous “coke and condom challenge” on his live stream. Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

xQc then mocked her and reuttered her words, 'You do own it. I'm dropping it off. The papers, the titles, everything'

WASHINGTON Boeing Co will "stand down" from preparations for its first crewed Starliner test flight to space, which

While Amazon concluded its Prime Big Deals Days, you can still score a Nintendo Switch

MINNEAPOLIS--(BUSINESS WIRE)--Aug 9, 2023--