Tag Archives: tsla

Facebook’s Alleged Liberal News Bias Gets Comedy Treatment

Facebook ( FB ) CEO Mark Zuckerberg met with conservative news figures this week to address concerns that editors of the social network’s Trending Topics feature have been suppressing conservative viewpoints. That gave comedians and satirists a great opening to take some shots at Facebook for its alleged liberal bias. “Late Show” host Stephen Colbert slammed Facebook for having misplaced priorities. “Apparently, Facebook censored popular stories about conservative topics from appearing on the trending news section. Folks, I think this is wrong,” Colbert said. “If Facebook is going to censor things, why not get rid of the stuff people really don’t want to see, like your ex’s tropical honeymoon? Or invitations to co-workers’ improv shows?” Satirical news website The Onion presented a fake response from Zuckerberg, who questioned why people are getting their news from Facebook to begin with. “Facebook is a great place to connect with friends and family, but frankly, if you’re on our site for 20 minutes or longer during the day and you’re reading the articles on here as your main connection to what’s actually happening in the world, then I’d say you’re a little mistaken about what this site is actually all about,” fake Zuckerberg said. “I’m happy to show anyone how to get to a regular news site if you need a little help.” Online comic The Joy of Tech also took a jab at the Facebook bias controversy. Plus, the story was material for political cartoonists including Jeff Darcy of Cleveland.com and Rick McKee of the Augusta Chronicle . Amazon, Tesla Also Come In For Some Zingers Facebook’s trending-news hullabaloo isn’t the only tech subject tickling funny bones lately. What follows are recent jokes from late-night comedians Jimmy Fallon, Conan O’Brien and James Corden. Their zingers were directed at Amazon.com ( AMZN ), CBS ( CBS ), Alphabet ( GOOGL )-owned Google, Priceline ( PCLN ), Tesla Motors ( TSLA ), Twitter ( TWTR ) and Uber Technologies. Fallon: Tesla unveiled its new model 3 electric car. And I saw that fans were camping outside Tesla stores to reserve one. Camping out is actually great practice for when their cars run out of power 30 miles from the nearest outlets. Fallon: Amazon Prime just unveiled new buttons you can press to order Doritos, Red Bull, and Trojan condoms. Yeah, Doritos, Red Bull and condoms. Or as that’s called in New Jersey, “A gift basket.” Fallon: The CEO of Priceline just resigned after it was revealed that he had an affair with an employee. As you can imagine, his wife is pretty mad, but on the bright side, at least he knows where to find a good deal on hotels. Fallon: CBS announced that season 33 of “Survivor” will be called “Survivor: Millennials vs. Gen-X.” It’ll start in September, and end 20 minutes later when both teams realize there’s no Wi-Fi. Conan: This week is the 43rd anniversary of the first cellphone call. Historians still don’t know which movie theater it took place in. Conan: Over the weekend, a man broke the world record for “Donkey Kong,” making it through the entire game using up just one life. That’s right — his own. Conan: Google has created several new emojis aimed at empowering women. So congratulations women, you asked for equal pay and you got five new emojis. Corden: The social media platform Twitter just signed a historic deal with the NFL to live stream Thursday Night Football games this coming season. Before this, the only thing Twitter ever live streamed was Kanye West’s meltdowns. Corden: The driverless car thing seems like it’s really catching on lately. In fact, the ride-sharing company Uber has begun testing driverless cars on the streets of Pittsburgh. Finally, Uber found a way to make out-of-work actors even more out of work. Corden: But don’t worry, for all of you who love Uber, the experience isn’t really going to change. To keep in line with Uber’s brand, their driverless cars will be programmed to smell like cologne and also make female passengers really uncomfortable.

How High Will Tesla/Apple Supplier Nvidia Go? Up 34% In 2 Months

Loading the player… Nvidia ( NVDA ) — chip supplier for  Apple ( AAPL ) and Tesla Motors ( TSLA ) — has been on a huge run lately, gaining more than 30% in the past two months. But how much higher can the top-rated stock go? While Nvidia is probably best known for being a Tesla partner, it has also supplied graphics chips for Apple computers and is involved in the budding virtual reality market. Jefferies is bullish on the stock and said last week that Nvidia is just starting to benefit from trends in the auto, data center, PC gaming and VR markets. The analyst believes the company can more than triple its annual EPS in three years. Nvidia broke out of a cup-with-handle base about eight weeks ago and pulled back to find support at the 50-day line. It then surged to a new all-time high and profit-taking zone after its view-topping quarterly report last week and has continued higher since. It’s now up about 34% from the buy point and rose 1.8% Friday. Top-Rated Peers Performing Well Nvidia has a highest-possible IBD Composite Rating of 99. Two of its highly rated chip peers have also been performing particularly well as of late: Silicon Motion ( SIMO ) and MaxLinear ( MXL ). Silicon Motion broke out of a big cup-with-handle base in March and is now trading in profit-taking territory and at all-time highs. Its stock climbed 3.8% on the stock market Friday. MaxLinear broke out of a consolidation base last week and is trading in buy range. It rose 1.7% Friday.

Tesla To Sell $2 Billion In Stock; 12,000 Model 3 Orders Cancelled

Electric automaker Tesla ( TSLA ) said late Wednesday that it will make a $2 billion secondary stock offering to fund its ambitious production schedule. Meanwhile, Tesla also said it has 373,000 Model 3 orders after cancelling about 12,000 reservations. “Because of the overwhelming demand that it has received for Model 3, Tesla intends to use the net proceeds from this offering to accelerate the ramp of Model 3,” said Tesla’s press release. “As noted in the company’s first-quarter shareholder letter , Tesla intends to start volume production and deliveries of Model 3 in late 2017 and to accelerate its 500,000 unit build plan from 2020 to 2018.” The company said $1.4 billion worth of stock will be sold by Tesla for this purpose. The remaining $600 million will be raised by CEO Elon Musk, who is exercising his option to acquire 5.5 million Tesla shares and will use the sale to cover his tax bill, the company said. He’s also donating 1.2 million shares to charity. Tesla said it had some 373,000 orders for the entry-level luxury Model 3 as of May 15. That’s after customers cancelled about 8,000 orders and the automaker cut some 4,200 orders that were likely duplicates. Tesla had said previously that it had about 400,000 orders. “If we wanted to, we believe that we could further increase the number of Model 3 reservations with minimal effort, but believe it is better to guide customers to purchase products currently in production,” Tesla said in an SEC filing. Tesla stock fell sharply in initial after-hours action, dropping below 200. But shares steadily improved and were recently fractionally higher. In the regular session in the stock market today , Tesla rose 3.2% to close at 211.17, boosted by Goldman Sachs’ upgrade earlier in the day. Goldman upgraded the stock despite expressing deep skepticism about the 2018 production target, but the investment bank said the stock is attractively priced after falling 23% from early April through Tuesday.