Tesla’s Model 3 Cheaper Than Toyota’s Camry In California With Tax Benefits

SAN FRANCISCO/WASHINGTON, June 6 (Reuters) - Tesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry. The Biden administration on Tuesday confirmed that all Tesla Model 3 vehicles…

ByDavid Shepardson, ReutersJune 9, 2023

Technology

Apple Prepares To Allow Alternative App Stores On iPhones, iPads

Dec 13 (Reuters) - Apple Inc AAPL.O is preparing to allow alternative app stores on its iPhones and iPads in the European Union as soon as late next year to comply with a new European competition law it had fought, Bloomberg News reported on Tuesday, citing sources familiar with the matter. Opening up to outside app stores could present a…

ByParesh Dave, ReutersDecember 19, 2022

Business Technology

More Twitter Officials Leave, Gutting Top Management

Nov 1 (Reuters) - In an expanding exodus of Twitter's top management, officials including its advertising and marketing chiefs left the company in the past few days, according to statements and a person with direct knowledge of the matter. The departures come after billionaire Elon Musk's $44 billion takeover of the company last week, followed…

ByReutersNovember 2, 2022

Business Technology

TikTok Inching Toward U.S. Security Deal To Avoid Sale – NYT

Sept 26 (Reuters) - U.S. lawmakers and TikTok are hammering out a plan, under which the short-form video app would make changes to its data security and governance without requiring its parent firm, China's ByteDance to sell it, the New York Times reported on Monday. TikTok and the Biden administration have drafted a preliminary agreement…

ByReutersSeptember 26, 2022

Technology

Tesla Considering Lithium Refinery In Texas

Sept 9 (Reuters) - Tesla Inc is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles. The potential battery-grade lithium hydroxide refining facility, which Tesla touted as the first of its kind in…

ByReutersSeptember 9, 2022

Financial Updates Technology

Apple suppliers to make Apple Watch and MacBook in Vietnam

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple's Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report https://asia.nikkei.com/Business/Technology/Vietnam-to-make-Apple-Watch-and-MacBook-for-first-time-ever added. Apple has asked…

ByReutersAugust 24, 2022

Technology

Tesla Stock-Split Proposal To Headline Annual Meeting In Texas

Aug 4 (Reuters) - Tesla Inc TSLA.O will host its annual general meeting on Thursday, with the world's most valuable automaker's proposal for a second stock split in as many years set to take center stage for investors gathered in Austin, Texas. Also on the agenda are shareholder proposals for corporate governance-related items, including endorsing the right of employees to form a union and…

ByReutersAugust 5, 2022

Technology

Meta Heads For First-ever Revenue Drop

By Katie Paul July 26 (Reuters) - Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data. Chief Executive Mark…

ByKatie Paul, ReutersJuly 29, 2022

Technology

USPS To Boost Electric Delivery Vehicle Purchases

By David Shepardson July 20 (Reuters) - The U.S. Postal Service (USPS) said Wednesday it plans to buy at least 25,000 electric delivery vehicles - more than twice its prior estimate - as it works to replace an aging fleet. USPS told Reuters it is proposing to purchase at least 25,000 EVs out of its…

ByReutersJuly 20, 2022

Technology

Apple Reaches $50 Mln Settlement Over Defective Keyboards

By Jonathan Stempel July 19 (Reuters) - Apple Inc agreed to pay $50 million to settle a class-action lawsuit by customers who claimed it knew and concealed that the "butterfly" keyboards on its MacBook laptop computers were prone to failure. The proposed preliminary settlement was filed late Monday night in the federal court in San…

ByReutersJuly 19, 2022

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