Tesla Inc (NASDAQ:TSLA) Calls Upon The Government To Draft Favorable Polices For Its Mission

Tesla Inc (NASDAQ:TSLA) has over the years made its name in the car manufacturing industry for its hard work. There is a lot to be learned from the data from the city’s transportation department. Some top analysts have recently been scrutinizing it with each expressing his/her take. However, one thing was quite evident. It was the is the fact that the changes announced in relation to the tax benefits that customers could accrue upon purchasing the electric cars came with impact.

April 1 was the exact moment the policy was set up and sources indicate that it might last until March 2018.The city has made an important move by choosing to give a tax waiver of about HK$97,500. In the United States of America, it stands at $12,500 and it is usually applicable to the first time owners. Before the policy alteration, there was a record of almost 2,939 first-time Tesla registrations in March and February witnessed five times a similar number.

In China, Teslas are going at relatively higher costs in relation to figures in the United States and some top experts have commented linking that to the shipping and export costs. Anderson, a top executive working with the renowned company affirms that Tesla’s sales dip shouldn’t be looked by anyone as something that is outside this world. It is something that has taken place before though he blamed the registration statistics which according to him made it rather tough to obtain the required pulse for the market.

A number of top journalists followed him as he left a press conference recently seeking to extract some more information from him. He said, “I think it’s probably for sure the case that demand has gone down from the tax incentive rolling off. It’s a classic case of elasticity of demand. If a good costs more people are going to buy less of it.”

A Tesla spokesperson has commented in relation to the change citing that they were experiencing some short term challenges. He called upon the government to come up with policies that would favor them as a company .He added that it would even contribute to more people purchasing the electric cars according to Washingtonpost.

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Facebook Inc. (NASDAQ:FB) To Construct 1,500 Housing Units At Menlo Park Campus

Facebook Inc. (NASDAQ:FB) plans to address Silicon Valley’s affordable housing crisis by turning its 56-acre plot into a housing village with 1,500 homes, grocery store, transit centers among other facilities. Dubbed the Willow Campus, the new facilities will be erected across the street from the tech giant’s headquarters.

Willow Campus

The housing units will be opened to anyone and not just Facebook employees. Facebook is also planning to subsidize the units to 15% below market rates as part of the companies push to offer affordable housing.

A grocery store and Pharmacy store in the Park should solve a long-running issue of lack of food retailers in the city. The nearest store is currently 4 miles away. The trip can take up to 40 minutes during peak hours when almost everybody is on the road.

Facebook Investment

Facebook has already posted a video showing smiling workers alongside whiteboard renderings of the proposed village as part a marketing ploy. The company hopes to gain approval from city officials as soon as possible, ahead of the commencement of construction in 2019. The first buildings should be opened for occupants in 2021.

“Working with the community, our goal for the Willow Campus is to create an integrated, mixed-use village. Our hope is to create a physical space that supports our community and builds on our existing programs,” said, John Tenanes, Facebook vice President of global facilities and real estate.

Facebook is also planning to invest millions of dollars in improving Highway 101 by providing density sufficient to support a future transit center.

The company has already submitted its plans to the local council, pending approval before it can begin any construction works. Menlo Park Mayor has already welcomed the plan reiterating that it will help address the ever-escalating rent-price increases triggered by the growth of west-coast companies. Monthly rent rates in the city have tripled to highs of $3,349 since 2011 making it hard for some people to live close to their places of work.

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SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) Q2 Profit To Trounce Apple Inc. (NASDAQ:AAPL)’s On Booming Memory Chip Business

SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) expects its second quarter profit to increase by 72% an achievement that will make it the most profitable tech company. The Korean company says it expects profits of $12.1 billion compared to Apple Inc. (NASDAQ:AAPL)’s expected profit of $10.6 billion.

 Samsung Q2 Outlook

The South Korean company says it expects second-quarter consolidate sales to be about 60 trillion won representing 17.78% year over year growth. Rising prices for memory chips in the second quarter, as well as Galaxy S8 sales, is seen as a key driver of the company’s earnings.

Profits of $12.1 billion will cap a remarkable comeback from the Note 7 fiasco that affected sales last year. It will also mark the first time that the tech giant has beaten Apple when it comes to quarterly profits for the first time in three years.

The figures underscore Samsung growth metrics having posted two consecutive quarters of positive results. The two-quarter saw the company post its biggest profits in more than three years. Apple has not had the best of rides in recent quarter’s iPhone sales having clocked saturations levels.

Stiff competition and emergence of affordable phones packing high-end features has made it impossible for the tech giant to ship more products as was in the past. The iPhone maker is now hoping that its upcoming flagship device slated for September will overturn a poor run of sales.

 Samsung Booming Chip Business

Booming semiconductor business remains a key driver of the company’s earnings. Samsung has in the recent past started to reduce its reliance on smartphone sales competition in the space having clocked record highs.

Investments in the chips business are already paying out as Samsung is now on course to overtake Intel when it comes to memory chips. The company has already confirmed plans to invest $18 billion on chips as it continues to explore new ways of strengthening its position in the business.

Everything about Samsung’s core businesses should become clear when it reports its second-quarter earnings at the end of the month.

Samsung stock was up by 4% in Friday’s trading session to end the week at $2,080 a share.

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Nokia Oyj (ADR) (NYSE:NOK) Incorporates Zeiss Optics In Its New Smartphones

It has become almost impossible to distinguish one smartphone from the other globally in the current times considering that almost all of them look just the same. The question that a lot of people have been asking has been in regards to the particular features that one needs to go for when choosing to buy one smartphone in opposition to the other. Would Nokia Oyj (ADR) (NYSE:NOK) make it easier for the various buyers to decide on the matter?

 Some of the people believe that one should consider the kind of camera that is associated with a given smartphone. Another group takes the strong stand that it is crucial to check out the life of the battery. Nokia has unveiled its newest device which has the Carl Zeiss lenses as one of the top features.

HMD Global has seen it fit to sign into an exclusive agreement with Zeiss, which has over the years majorly focused in the manufacture of high-end lens manufacture and optical systems. The recent times have witnessed HMD sign into numerous progressive partnerships and the one in this particular case is the latest.

They have all been making attempts to bring to life the brand which many years back dominated the markets according to Financial express. Businesses are at times compelled to go through a lot of dynamics. However, failure shouldn’t be seen as the end. It is a time to reflect more just like the giant provider did and with proper strategizing it is possible to rise again.

HMD’s president, Florian Seiche while recently speaking to a number of top journalists outlined that the model of their business had much to do with striking strategic partnerships. The two partnering companies have a shared history of top end quality and craftsmanship.
Mobile industry guru Ben Wood while speaking to the top executive from Nokia said, “The camera is now so central a feature of any smartphone – for many it’s their primary camera. It sends the message that HMD is really serious about quality.”

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Stocks Finish Mixed as Tesla Inc (NASDAQ:TSLA) Faces Selloff

Many equities in the U.S finished mixed in quiet, post-holiday trading session on Wednesday. The S&P 500 gained 0.2%, the Dow Jones Industrial Average lost a fraction, the Russell 2000 lost 0.5% and the Nasdaq Composite gained 0.7%. Treasury bonds were generally stable, gold gained 0.2%, the dollar was mixed and oil broke its eight-session winning streak with a 4.1% decline.

Breadth was negative with 1.6 decliners for every advancer on the NYSE with volume at 92% of the 30-day average. Technology stocks led the way with a 1% gain while energy was the laggard, down 1.3%.

Nvidia Corporation (NASDAQ:NVDA) recorded a 2.7% gain after the company announced an AI-focused partnership with Baidu Inc (ADR) (NASDAQ:BIDU) to build its cloud-based footprint but bring the Volta GPUs to AI home assistants and self-driving vehicles. Tesla Inc (NASDAQ:TSLA) lost 7.2% after the company announced second-quarter deliveries of “just over” 22,000 against the 24,185 that was expected.

Goldman analysts scaled down their price target and predicated a decline in the demand of the Model S/X. The result is a massive technical breakdown, pushing shares below their 50-day moving average.

The recent rise in oil has been widely characterized by overly bearish sentiments in the midst of disappointment with OPEC’s supply freeze agreement amid bloated inventories, increased U.S. shale activity and tepid U.S. gasoline demand.

The main catalyst in the latest reversal lower was chatter that Russia wants to retain the current supply freeze deal as well as comments by International Energy Agency chief Fatih Birol on Tuesday that while he expects the global energy market to rebalance by the second half of the year output increased by Libya and Nigeria could hamper the process.

Lastly, on the economic side, the Federal Reserve released the minutes from their June policy meeting noting most policymakers dismissed recent weakness in the inflation data as related to specific factors like price pressure in wireless plans and prescription drugs. There were disagreement on the timing of the start of the balance sheet roll off process, with some preferring to start within a couple of months while others preferred waiting until the end of the year.

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Apple Inc. (NASDAQ:AAPL) Leaks Suggest That Upcoming iPhone 8 Will Have Face Scanning Technology

Fresh leaks about the upcoming Apple Inc. (NASDAQ:AAPL) iPhone 8 suggest that the device will feature facial scanning among other technologies.

According to a new Bloomberg report, Apple might be facing out the fingerprint reader on its phone in favor of facial scanning to unlock the upcoming iPhone 8 handset. The report suggests that the tech firm planning to shift from its iconic Touch-ID technology which has been a key feature in iPhones since 2013. Sources familiar with the matter revealed that the company has been testing a new security system for users to log in to their devices, secure apps and authenticate payments.

Some of the rumors are from reliable sources

KGI analyst Ming-Chi Kuo has previously had a good track record with rumors regarding past Apple releases. Also, the rumors also tie with what Apple rival Samsung Electronics introduced earlier this year with the Samsung Galaxy S8.Other sources claim that the iPhone maker is also working on eye-scanning technology.

The iPhone 8 leaks about a possible facial scanning technology also aligns with previous rumors that the company has been purchasing a lot of 3D cameras. This further solidifies the rumors because 3D cameras are important in facial recognition. The 3D aspect makes sure that the ID system cannot be tricked using 2D photos.More details in favor of the rumors include the fact that Apple CEO Tim Cook has been pushing heavily towards 3D sensing. This is because the technology can be used to improve numerous existing solutions.

Such features on the upcoming iPhone would not only make it unique, it would also make it possible for the device to compete more effectively against strong handsets such as the Samsung Galaxy S8. It also means Apple will be using technology that is up to date with the current trends in the market. Most importantly, the iPhone 8 will be the company’s 10^th generation iPhone and thus there is a lot of pressure to deliver something unique.

“Apple is clearly gearing up for an iPhone release well beyond the scale of anything we have seen to date,” stated Forbes in a recent report.

Apple stock closed the latest trading session on Monday at $143.50.

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Nokia Oyj (ADR) (NYSE:NOK) Hires Gregory Lee, A Former Samsung Executive To Head Its Technologies Division

Nokia Oyj (ADR) (NYSE:NOK) announced on Friday that it hired Hires Gregory Lee, a former executive at Samsung Electronics as the new head of the Nokia Technologies division.

Lee has been with Samsung for 13 years and he held down the CEO position for the Korean giant in the North American region. He has been the head of all the company’s electronics businesses in North America since 2014. He will now lead a team of Nokia executives in the U.S through the Nokia Technologies division which aims to dig deeper into various industries such as digital health and virtual reality.

“I am excited by the opportunity to lead Nokia Technologies. The Nokia Technologies team has produced innovative products and solutions in dynamic, high growth segments of the consumer technology market, and I am honored to be in a position to help build on this success in the future,” Lee pointed out in a statement.

Lee is the ideal fit for the leadership position at Nokia’s tech division

Lee’s numerous years at Samsung have equipped him with the skills necessary to handle the position that Nokia has offered him. During his tenure at Samsung, he also handled digital content, virtual reality, and digital health. These are the same technologies that Nokia is now focusing on. This explains why Nokia was quick to poach him.

Nokia’s president and CEO Rajeev Suri welcomed Lee on board, stating that his company has chosen the right person to take the Nokia Technologies division to the next level. He also expressed a lot of excitement about the brand and the products that it will develop in the future. The new hire comes just around the same time that the company has been working on making a comeback in the smartphone market. The tech firm is planning to launch three new handsets that are expected to be launched this month in Australia. However, there is a lot of competition in the smartphone market and it will be interesting to see what Nokia bring to the table.

Nokia stock closed the latest trading session on Friday at $6.16.

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