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Tesla retires Model S and X, prioritizing high-volume mass-market models
Tesla officially ended production of the Model S and Model X electric vehicles. The company will sell the final manufactured units to a select group of its...
Tesla shares slide, hit by Cybertruck recall and 10% China slump
Tesla shares fell 1% in premarket trading. The company issued a recall for 173 Cybertrucks. This action affects vehicles from model years 2024 through 2026....
Tesla Model Y passes stricter NHTSA safety tests, marking industry first
Tesla’s 2026 Model Y is the first vehicle to pass the National Highway Traffic Safety Administration’s (NHTSA) updated safety tests for advanced...
Amazon acquires Globalstar, boosting AWS and powering Apple satellite services
Amazon acquired satellite operator Globalstar today to enhance its Leo satellite network. This acquisition secures Globalstar’s satellite infrastructure and...
McDonald's beats Q1 earnings forecasts, driven by value and menu innovation
McDonald's Corporation reported financial results for the first quarter ended March 31, 2026. Global systemwide sales grew 11% during the period. Total sales...
Tesla and SpaceX launch $119 billion Terafab, securing AI chip supply
Tesla and SpaceX announced plans to construct Terafab, a multibillion-dollar semiconductor facility in Texas. The plant will produce advanced chips for...
McDonald's Beats Estimates, Warns of Slowing Low-Income Traffic
McDonald’s (MCD) topped first-quarter analyst expectations despite growing signs of consumer financial stress. Management reported a tangible traffic slowdown...
Tesla Lands Record 370-Truck Order, Signaling Major Semi Production Ramp
Tesla secured its largest-ever order for the Semi truck from freight technology firm WattEV. The deal includes 370 units valued at approximately $100...
Autoliv to shut Türkiye plants, cutting 2,200 jobs amid market shifts
Autoliv will gradually discontinue its manufacturing operations in Türkiye, as announced on May 8, 2026. The company aims to align production capacity with...
Sony Forecasts Profit Growth and ¥500B Buyback, Defying Q4 Miss
Sony Group reported a fourth-quarter net profit of ¥83.12 billion, missing analyst estimates. Losses in its electric-vehicle joint venture and gaming division...
Sony projects profit growth and ¥500B buyback, despite PlayStation sales weakness
Sony Group reported a fourth-quarter net profit of ¥83.12 billion. This result missed analyst estimates due to electric-vehicle venture losses and gaming...
Sony Profits Sink, Hit by Gaming Slump and Electric Vehicle Losses
Sony Group Corporation reported a decline in fourth-quarter profits during its May 8, 2026, earnings call. The company attributed the downturn to challenges...
Whirlpool plunges 12%, warning appliance demand hit 2008 crisis levels
Whirlpool shares fell more than 12% in morning trading following a warning that appliance demand reached levels not seen since the 2008 financial crisis. The...
DoorDash Shares Jump 10%, Driven by Upbeat $33.4 Billion Order Forecast
DoorDash shares rose more than 10% on May 7, 2026. The company projects second-quarter gross order value (GOV) between $32.4 billion and $33.4 billion. This...
Peloton Swings to Surprise Profit, Shares Surge on Raised Outlook
Peloton Interactive reported fiscal third-quarter revenue of $631 million. This figure surpassed Wall Street expectations and signaled that the company's...
McDonald's Beats Profit Estimates, as Strained U.S. Consumers Spend Less
McDonald's Corporation reported mixed first-quarter 2026 results. Total revenue rose 9% during the quarter. Revenue reached $6.52 billion. This figure exceeded...
Amazon Opens Logistics Network to All Businesses, Seeking Next AWS Growth
Amazon launched Amazon Supply Chain Services (ASCS) to provide logistics and fulfillment to all businesses. The offering extends beyond platform sellers to...
Honda Freezes $11 Billion EV Plant, Pivots to Hybrids
Honda Motor is indefinitely freezing construction of its C$15 billion ($11 billion USD) electric vehicle and battery plant in Ontario. The automaker cited a...
Disney Beats Q2 Estimates, Driven by Streaming Surge and $8B Buyback
The Walt Disney Company reported second-quarter fiscal 2026 earnings that exceeded analyst expectations. This performance marks the first quarterly results...
Tesla Recalls 219,000 Vehicles, Fixes Rearview Camera Glitch via Software
Tesla is recalling 218,868 Model 3, Model Y, Model S, and Model X vehicles in the United States. The National Highway Traffic Safety Administration (NHTSA)...