Here's Why Tesla's Plant in China Is Critical. Daniel Miller, The Motley FoolMotley FoolJuly 11, 2018, 8:05 PM GMT. Unless you've been hiding in a cave, you've surely noticed trade tensions between the U.S. and China heating up. As recently as May, China planned to reduce import tariffs on many vehicles from 25% to 15%. Then tensions escalated, and in response to President Donald Trump's move to impose tariffs on $34 billion worth of Chinese goods, China slapped tariffs on U.S. products, including car imports, pushing that 15% tariff up to 40%. Tesla(NASDAQ: TSLA) has been in negotiations to build a factory in China for some time -- as a way to avoid such tariffs on the vehicles it sends to China -- and the automaker's recent agreement to build its second global assembly plant will put the power back into its hands.
Facebook reportedly allowed Russian company access to user data beyond stop date. Facebook granted a Russian company with ties to the Kremlin a data collection extension, CNN reported Tuesday. The social media company told CNN that the extension allowed Mail.Ru Group to gather friend data from Facebook users past the cut-off date. The company told CNN that it is looking into these apps as part of its investigation of user data misuse in the wake of the Cambridge Analytica scandal.
The top stories for Intel INTC stock are related to recent analyst downgrades, updates on its CEO search, a strengthening relationship with Baidu BIDU and the possibility of an iPhone loss. Add to that the difficult comps coming up in 2019 and the stock didn’t look at all attractive. Krzanich may have done some good as far as revenue and margins were concerned, but it was in his regime that Intel lost its manufacturing lead, gave up some data center processing advantages and admitted that it would lose an unspecified amount of market share to AMD. The second announcement was that Baidu has also incorporated Intel’s Movidius Myriad 2 vision processing unit (VPU) in its artificial intelligence-powered Xeye camera for retailers. So Intel VPUs will work along with Baidu ML algorithms to detect people, objects and movements/gestures and interpret them using AI.
Let’s check out the Yahoo Finance charts of the day. Credit Suisse rated the video streaming service “outperform” in new coverage saying that Netflix will enjoy “unchallenged leadership” and “disproportionate scale in the global market. Nomura/Instinet rated the streaming music service company’s stock as a “buy” in new coverage and said that Spotify’s ad business is underappreciated. Buyers had to previously put down a $1,000 deposit to be on the waiting list for a Model 3. For more on today’s big stock movers check out the Final Round, live at 3:55 p.m.
Nomura isn’t discouraged by a slowdown in global internet user growth. Nomura assigned Neutral ratings to Netflix, Inc. (NASDAQ: NFLX) ($370), Snap Inc (NYSE: SNAP) ($13), Trade Desk Inc (NASDAQ: TTD) ($87), Criteo SA (ADR) ($34) and Pandora Media Inc (NYSE: P) ($8). “With large audiences already in place, the large platforms (Google and Facebook, in our coverage) are best-positioned, in our view, and we expect the newly regulated industry to embolden these incumbents, consistent with recent history (parallels to Dodd-Frank),” Kelley said. “We view Twitter as a unique platform that is a stable long-term asset that has something for everyone, but we believe the market is pricing in a significant advertising reacceleration that implies a shift in ad spend,” the analyst said.
Wing and Loon, two projects from Alphabet’s “moonshot lab,” have officially taken flight. Wing, which delivers packages with autonomous drones, and Loon, which delivers internet through weather balloons, are the latest companies to spin out of X, Alphabet’s home for projects that fall outside of Google’s traditional advertising, software, and hardware businesses. Former graduates of….
Electric-car maker Tesla (NASDAQ: TSLA) started taking reservations for its Model 3 over two years ago on March 31, 2016. Since then, the company has hit numerous challenges with ramping production of its first vehicle intended for the mass market and has finally been making some meaningful progress. It announced at the beginning of the month that it had hit its weekly production target of 5,000 Model 3 vehicles (that target had been delayed several times). However, there is mounting evidence that demand isn't quite where Tesla had hoped. Tesla had been slowly inviting reservation holders to configure and order their Model 3 vehicles in waves, based on factors like ownership status and geographical location. The timing of those events strongly suggests that order conversion rates among Model 3 reservation holders is rather poor, since if a significant proportion of reservation holders were placing orders, Tesla would already have its work cut out to produce and deliver those orders.
Apple could roll out face recognition for iPad, bigger smart watches and a long-awaited update for the Mac mini later this year, top Apple analyst Ming-Chi Kuo predicts according to the tech news site 9to5 Mac. Kuo also said new AirPods and the AirPower wireless charger will go into mass production, according to the note 9to5 Mac obtained. The TF International Securities analyst is usually spot on with Apple product predictions, and the company is expected to give its product catalog the reboot in the fall. The new iPad could include Apple's Face ID face-scanning password feature and come with a new 11-inch screen, Kuo said. And Apple's flagship wearable, the Apple watch, could get larger screens — 1.57 and 1.78 inches — Kuo said according to 9to5.