Snap press release ( SNAP ): Q4 GAAP EPS of $0.03 beats by $0.06 . Revenue of $1.72B (+10.3% Y/Y) beats by $20M . More on Snap Snap's Snapback Moment Is Coming Snap: Perplexity Partnership Is Another Step Away From The Core Snapchat: Perplexity Partnership Is Why I Refuse To Sell Snap Q4 2025 earnings preview; Stock down ahead of results Earnings week ahead: AMZN, GOOG, PLTR, AMD, PFE, DIS, PYPL, ABBV, QCOM, SMCI, MRK, PEP, UBER, PM, and more

【有線新聞】有旁聽會議的宏福苑居民不滿要花9個月時間才交報告，亦要求政府盡快交代長遠住宿安排，有居民希望政府舉辦居民大會讓他們提出訴求。 400個公眾席一早滿額，有部分是宏福苑居民，對於獨立委員會說9個月內完成報告有挑戰，有旁聽的居民不滿。陳小姐：「我覺得太久，試想如果你是其中一名居民，突然有一天火警，你無法回家，你會否想九個月後才回家。我們不是想要錢，我們是想回家，我們想原址重建。」張小姐：「我聽完也不知道說了甚麼，其實我不想（再旁聽），我目標是快些給我方案，裡面說甚麼我不理會，總之把屋給回我，我快點正常生活。其他調查你自己處理，查案不是我的事，我目標是取回間屋。（政府若農曆新年前公布方案的話，能否接受？）最好是明天，不要說接不接受，最好愈快愈好，快得一秒得一秒，我們真的住得不好，你明白嗎。」 有居民要求政府盡快舉行會議，讓全部宏福苑居民出席。朱女士：「坐上面的人是神，他不知道下面居民如何苦，他們不知道。（今次有沒有信心？）失去很大信心，今次這事失去非常大信心。」 現場保安一度阻止旁聽人士受訪。 想旁聽要預先網上預約，有宏福苑居民稱已登記，來到才知出現手續問題，最終無法入場，希望改善安排。

More on Alphabet Alphabet And Amazon Earnings Previews: What's Happening To Margins? Alphabet Q4 Earnings Preview: Can AI And Cloud Momentum Sustain The $4 Trillion Valuation? Alphabet's YouTube Is A Behemoth That Stands On Its Own Anthropic takes shot at OpenAI, says Claude will remain 'ad-free' Google Gemini shows 'no signs of slowing,' as BNP's AI tracker sees momentum

Source: Bloomberg, 8:32

(RTTNews) - After weighing on the markets during Tuesday's session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week. The Nasdaq ended the day off its lows of the session but still tumbled 350.61 points or 1.5 percent to 22,904.58. The S&P 500 also slid 35.09 points or 0.5 percent to 6,882.72, while the narrower Dow climbed 260.31 points or 0.5 percent to 49,501.30. The advance by the Dow came amid a sharp increase by shares of Amgen (AMGN), as the biotech company spiked by 8.2 percent after reporting better than expected fourth quarter results. 3M (MMM) and Nike (NKE) also surged by more than 5 percent, contributing to the rebound by the blue chip index. Meanwhile, traders continued to rotate out of the tech sector, with semiconductor stocks showing a substantial move to the downside. The Philadelphia Semiconductor Index plunged by 4.4 percent, pulling back further off the record closing high set last Thursday. Advanced Micro Devices (AMD) helped lead the sector lower, plummeting by 17.3 percent after reporting better than expected fourth quarter results but providing first quarter guidance that disappointed some analysts. Computer hardware and networking stocks also saw considerable weakness, resulting in the steep drop by the Nasdaq. On the other hand, pharmaceutical stocks saw significant strength on the day, driving the NYSE Arca Pharmaceutical Index up by 3.1 percent. Energy, housing and airline stocks also moved notably higher, helping to partly offset the weakness in the tech sector. In U.S. economic news, payroll processor ADP released a report showing private sector employment in the U.S. increased by much less than expected in the month of January. ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December. Economists ha...

Seeking Alpha More on Qualcomm Qualcomm Looks Cheap: The Next Guidance Could Make It Way Cheaper Qualcomm: Ignored Personal AI Boom Qualcomm: Underperforming Its Peers But Still Warrants Positive Attention Qualcomm crashes amid weak Q2 guidance Apple call provides insight into non-AI memory market: Kuo

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported fourth-quarter earnings of $34.46 billion. The Mountain View, California-based company said it had net income of $2.82 per share. The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share. The internet search leader posted revenue of $113.83 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $97.23 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $94.79 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL

STORY: Software stocks have been under pressure in recent months as AI has gone from being a tailwind for many of these companies to investors worrying about the disruption it will cause to some sectors. The latest selloff was triggered by a new legal tool from Anthropic's Claude large language model (LLM). "So one of the big questions amidst the AI boom has been, what is going to be the primary use of AI?" Mayfield explained. One answer, he said, is that "AI can enable non-coders to write code," which has resulted in "some really impressive co-working AI software" that has "put a fear into the businesses whose model is writing that code for enterprises." Those companies have "some of the biggest stocks in the world," Mayfield added, naming Microsoft, Adobe and ServiceNow as examples.

On Wednesday, Anthropic announced that its AI chatbot, Claude, will remain free of advertisements, drawing a sharp line between itself and rival OpenAI, which began testing ads in a low-cost tier of ChatGPT last month. The announcement comes alongside a Super Bowl ad campaign that mocks AI assistants that interrupt personal conversations with product pitches. "There are many good places for advertising. A conversation with Claude is not one of them," Anthropic wrote in a blog post. The company argued that including ads in AI conversations would be "incompatible" with what it wants Claude to be: "a genuinely helpful assistant for work and for deep thinking." The stance contrasts with OpenAI's January announcement that it would begin testing banner ads for free users and ChatGPT Go subscribers in the US. OpenAI said those ads would appear at the bottom of responses and would not influence the chatbot's actual answers. Paid subscribers on Plus, Pro, Business, and Enterprise tiers will not see ads on ChatGPT. Read full article Comments

資金由科技股流入傳統股份，美股三項主要指數個別發展。 道瓊斯工業平均指數收市報49,501點，升260點。標準普爾500指數收市報6,882點，跌35點。 AMD公布季績後股價急挫，引發資金流出晶片股，多隻軟件股亦下挫，傳統股份就受到追捧。道指高開82點後，升幅一度擴大至超過400點。午市曾經掉頭向下，倒跌128點，但很快收復失地，收市升260點。標普500指數受科技股拖累，高開6點後即反覆向下，最多跌79點，收市跌35點，連跌第二日。 市場認為AMD的業績指引不如預期，即使公司行政總裁蘇姿丰重申，AI人工智能收入將於明年達到數百億美元，但市場並不賣帳，公司股價急挫一成七。同業輝達亦受拖累，跌百分之3收市。谷歌母公司Alphabet公布季績前跌百分之2。 比特幣連續第二日急挫，重倉比特幣的Strategy再跌百分之3。 納斯達克指數最多跌570點收市報22,904點，跌350點。反映中國概念股表現的納斯達克中國金龍指數收市報7,461點，跌148點。

資金由科技股流入傳統股份，美股三項主要指數個別發展。 道瓊斯工業平均指數收市報49,501點，升260點。標準普爾500指數收市報6,882點，跌35點。 AMD公布季績後股價急挫，引發資金流出晶片股，多隻軟件股亦下挫，傳統股份就受到追捧。道指高開82點後，升幅一度擴大至超過400點。午市曾經掉頭向下，倒跌128點，但很快收復失地，收市升260點。標普500指數受科技股拖累，高開6點後即反覆向下，最多跌79點，收市跌35點，連跌第二日。 市場認為AMD的業績指引不如預期，即使公司行政總裁蘇姿丰重申，AI人工智能收入將於明年達到數百億美元，但市場並不賣帳，公司股價急挫一成七。同業輝達亦受拖累，跌百分之3收市。谷歌母公司Alphabet公布季績前跌百分之2。 比特幣連續第二日急挫，重倉比特幣的Strategy再跌百分之3。 納斯達克指數最多跌570點收市報22,904點，跌350點。反映中國概念股表現的納斯達克中國金龍指數收市報7,461點，跌148點。

Joa_Souza/iStock Unreleased via Getty Images Brazil's ANP oil regulator has authorized Petrobras ( PBR ) to resume drilling activities at the environmentally sensitive Foz do Amazonas region, Reuters reported Wednesday, citing an internal document. Drilling was placed on hold by ANP last month after a synthetic fluid leaked from auxiliary lines connecting Petrobras' ( PBR ) drilling rig to a planned well located off the coast of Brazil's Amazonian state of Amapa. The leak alarmed activists and local indigenous groups that have long warned of the impact oil exploration could have on the region's marine and coastal ecosystems. Petrobras ( PBR ) has spent years trying to obtain a license to drill in the region, considered to be its most promising oil frontier due to its shared geology with nearby Guyana, where Exxon is tapping into vast oil fields. More on Petrobras Venezuela Catalysts Can Benefit Suncor Energy More Than Petrobras Petrobras Oversupply And Venezuela Fears Trigger Richer Dividend Yields, Despite Risks Petrobras: Still The Cleanest Way To Position For Oil Downside -- Even After Venezuela

SiTime press release ( SITM ): Q4 Non-GAAP EPS of $1.53 beats by $0.32 . Revenue of $113.3M (+66.3% Y/Y) beats by $11.39M . For the twelve months ended December 31, 2025, GAAP gross profit was $175.0 million, or 53.6% of revenue, GAAP operating expenses were $242.0 million, GAAP loss from operations was $67.0 million, and GAAP net loss was $42.9 million, or $1.72 per diluted share. For the twelve months ended December 31, 2025, non-GAAP gross profit was $193.5 million, or 59.3% of revenue, non-GAAP operating expenses were $135.0 million, non-GAAP income from operations was $58.6 million and non-GAAP net income was $82.6 million, or $3.20 per diluted share. Total cash, cash equivalents and short-term investments were $808.4 million on December 31, 2025. More on SiTime SiTime: Valuation Is Holding Me Back From Turning Bullish SiTime Corporation (SITM) Presents at UBS Global Technology and AI Conference 2025 Transcript SiTime confirms talks with Renesas on timing business deal SiTime Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on SiTime

HAMILTON, BERMUDA, February 4, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended December 31, 2025. The full report is available here and in the below attachment. About DHT Holdings, Inc. DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our wholly owned management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com. Forward Looking Statements This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Co...

– Fee-Paying AUM1 Grew 4% Year-Over-Year as of December 31, 2025 – – Significant Unrealized Loss of $14.4 million and Realized Gain of $2.3 million on GEG’s Investments in the Quarter2 – – Monomoy BTS Substantially Completes Third Build-to-Suit Development Property – – Repurchased Approximately 1.1 Million Shares, or Over 3% of Shares Outstanding – Company to Host Conference Call at 8:30 a.m. ET on February 5, 2026 PALM BEACH GARDENS, Fla., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2025. Management Commentary Jason Reese, Chief Executive Officer of the Company stated, “We continued to build momentum across our alternative asset management platform despite market headwinds during the quarter. While heightened volatility drove significant unrealized losses in our core portfolio investments and weighed on reported results, we remain focused on disciplined execution. Against a challenging market backdrop for the BDC, GECC management took actions in the portfolio to position the platform for success, re-underwriting the entire portfolio and working deliberately to further diversify investments as well as optimizing the portfolio to improve overall credit quality. With significant liquidity, a healthy balance sheet, and a lower cost of capital, we believe GECC remains well-positioned to rebuild in calendar 2026. During the quarter, we completed our third Monomoy build-to-suit project in Florida and commenced active marketing of the property. In addition, we repurchased more than one million shares of our common stock since the end of the first quarter of fiscal 2026, underscoring our confidence in the business and our commitment to shareholder value. Our CoreWeave-related investment continues to represent a compelling success despite significant market volatility during the quarte...

HOUSTON, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the full year ended December 31, 2025 and issued its full year 2026 outlook, as reflected in the table below. Full Year 2026 Full Year 2025 (dollars in millions, except per share amounts) Current Outlook Midpoint(a) Midpoint Growth Rate Compared to Full Year 2025 Actual Actual Actual Growth Rate Compared to Full Year 2024 Actual Site rental revenues(b) $3,850 (5)% $4,049 (5)% Net income (loss) $780 76% $444 N/A Net income (loss) per share—diluted $1.80 78% $1.01 N/A Adjusted EBITDA(b)(c) $2,690 (6)% $2,863 (6)% AFFO(b)(c) $1,920 1% $1,904 (4)% AFFO per share(b)(c) $4.43 2% $4.36 (4)% (a) Reflects midpoint of full year 2026 Outlook as issued on February 4, 2026. (b) Excludes amounts related to the Fiber Business (as defined in "Non-GAAP Measures and Other Information") which are presented in discontinued operations. (c) See "Non-GAAP Measures and Other Information" for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis. "Our full year 2025 results exceeded the midpoint of our guide across all key metrics,” stated Chris Hillabrant, Crown Castle’s President and Chief Executive Officer. “When excluding DISH revenues and the impact of Sprint Cancellations, our full year 2026 Outlook includes organic growth of 3.5%, which compares to 3.8% in full year 2025 on a comparable basis. As we work to close our Fiber Business sale in the first half of 2026, we are reducing our tower and corporate workforce by approximately 20%, which together with other cost reductions, will result in approximately $65 million in annualized operating cost savings. We are investing in our systems, streamlining our processes to enhance operational flexibility, and continuing to drive productivity and efficiency across the business. We are also reaffirming our capital allocation framework and remain committed to ou...

Delivered 2025 GAAP EPS of $3.98 and adjusted EPS of $4.10, at midpoint of earnings guidance range Initiates 2026 adjusted EPS guidance in the range of $4.25 to $4.45, reflecting 6% growth over 2025 Advancing plans to serve data center pipeline of more than 3 GW, including 600 MW in five-year plan Targeting upper half of 4% to 6% long-term adjusted EPS growth off 2023 Extended track record of dividend increases to 56 consecutive years Energized Ready Wyoming 260-mile electric transmission expansion project on schedule RAPID CITY, S.D., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced financial results for the fourth quarter ended Dec. 31, 2025. Net income available for common stock and earnings per share, diluted (EPS) for the three and twelve months ended Dec. 31, 2025, compared to the three and twelve months ended Dec. 31, 2024, were: Three Months Ended Dec. 31, Twelve Months Ended Dec. 31, 2025 2024 2025 2024 (in millions, except per share amounts) GAAP: Net income available for common stock $ 104.9 $ 98.1 $ 291.6 $ 273.1 EPS $ 1.39 $ 1.37 $ 3.98 $ 3.91 Non-GAAP(a): Adjusted earnings $ 106.2 $ 98.1 $ 300.4 $ 273.1 Adjusted EPS $ 1.41 $ 1.37 $ 4.10 $ 3.91 __________________________ (a) During the three and twelve months ended Dec. 31, 2025, Black Hills incurred costs of $0.02 per share and $0.12 per share, respectively, related to the pending merger with NorthWestern Energy. See additional details in the GAAP-to-Non-GAAP reconciliation table in the Use of Non-GAAP Financial Measures section below. Minor differences may result due to rounding. Full-year 2025 GAAP EPS was $3.98 compared to $3.91 in 2024. Full-year adjusted EPS of $4.10, excluding $0.12 of merger-related costs, reflected an increase of approximately 5% compared to $3.91 in 2024. Financial results benefited primarily from new rates and rider recovery of $0.95 per share, which more than offset higher operating expenses and financing and depreciation costs. “We delivered a...

Record Quarterly Net Operating Revenues of $724.4 million, up 47% Record Quarterly Net Income of $139.0 million, Quarterly ROE of 22.5% Quarterly Diluted EPS of $2.50 per share Announces a Three-for-Two Stock Split NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX), a leading financial services franchise connecting clients to global markets, today announced its financial results for the fiscal 2026 first quarter ended December 31, 2025. Philip Smith, the Company’s Chief Executive Officer, stated, “We are very pleased to announce our results for the first fiscal quarter of the year, a quarter which marked another record, in terms of both net operating revenues and net income for StoneX. This record quarter was driven by strong performances in both our Commercial and Institutional segments, in particular our Global Metals and Securities businesses, as well as our first full quarter with the acquired RJO and Benchmark businesses. Our sole strategic objective continues to be building out a unique ecosystem, offering extensive depth and breadth of products and geographical reach to our global client base. Our ecosystem has allowed us to benefit from increased client demand and activity when markets are active, as we have seen in our first fiscal quarter of 2026. We believe our unwavering commitment to delivering exceptional client coverage and service will hold us in good stead, both today and in the future.” Mr. Smith added. StoneX Group Inc. Summary Financials Consolidated financial statements for the Company will be included in our Quarterly Report on Form 10-Q to be filed with the Securities and Exchange Commission (the “SEC”). Upon filing, the Quarterly Report on Form 10-Q will also be made available on the Company’s website at www.stonex.com. Three Months Ended December 31, (Unaudited) (in millions, except share and per share amounts) 2025 2024 % Change Revenues: Sales of physical commodities $ 37,689.1 $ 27,051.1 39 % Princ...

GLEN BURNIE, Md., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Company”) (OTCQX: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported a net loss of $95,000 for the fourth quarter of 2025, compared to a net loss of $40,000 for the fourth quarter of 2024. On a linked-quarter basis, net income for the fourth quarter of 2025 decreased by $220,000, compared to net income of $125,000 for the third quarter of 2025. Diluted earnings (loss) per share were $(0.03) for the fourth quarter of 2025, compared to $(0.01) for the fourth quarter of 2024 and $0.04 for the third quarter of 2025. For the year ended December 31, 2025, net losses totaled $29,000, compared to net losses of $112,000 for the year ended December 31, 2024. Diluted earnings (loss) per share were $(0.01) for 2025, compared to $(0.04) for 2024. Results for the fourth quarter and full year 2025 reflect a period of strategic repositioning, operational restructuring, and targeted investments designed to improve long-term profitability and shareholder value. During 2025, the Company executed a series of initiatives to strengthen its balance sheet, enhance revenue-generating capabilities, improve operating efficiency, and reduce structural costs. While certain strategic actions taken during the year, particularly in the fourth quarter, resulted in elevated non-recurring expenses that temporarily pressured earnings, management believes these investments should make a meaningful improvement to the Company’s earnings capacity going forward. Earnings momentum improved during the second half of the year, and the Company enter 2026 with stronger liquidity, improving margin trends, disciplined credit performance, and a more scalable operating platform. Management views 2025 as an inflection year, marking the transition from balance sheet stabilization to earnings improvement, and as the foundation for a multi-year balance sheet optimization strategy focused on disciplined growth and...

Net Income increased $13.7 million, or 49.3%, to $41.6 million for the year ended December 31, 2025, from $27.9 million for the year ended December 31, 2024 Net Interest Margin grew 35 basis points to 4.18% for the year ended December 31, 2025, from 3.83% for the year ended December 31, 2024 Net Interest Margin also grew 66 basis points to 4.44% for the quarter ended December 31, 2025, from 3.78% for the quarter ended December 31, 2024 Total Loans increased $134.5 million, or 7.4%, to $2.0 billion at December 31, 2025 as compared to $1.8 billion at December 31, 2024 Total Deposits increased $157.0 million, or 7.3%, to $2.3 billion at December 31, 2025, from $2.2 billion at year-end 2024 Book value per share grew $4.92, or 30.1%, to $21.27 at December 31, 2025, from $16.35 at December 31, 2024 Trust and investment advisory income rose $1.9 million, or 15.2%, to $14.1 million for the year ended December 31, 2025, as compared to $12.3 million for the year ended December 31, 2024 MIDDLETOWN, N.Y., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors, Inc. (“OIA”), today announced net income of $12.4 million, or $0.93 per basic and diluted share, for the three months ended December 31, 2025. This compares with net income of $7.2 million, or $0.63 per basic and diluted share, for the three months ended December 31, 2024. The increase in earnings per share, basic and diluted, was due primarily to increases in net interest income and total noninterest income as well as a reduction in noninterest expense offset by an increase in provision for credit losses during the current period. For the twelve months ended December 31, 2025, net income was $41.6 million, or $3.33 per basic and diluted share, as compared to $27.9 million, or $2.47 per basic and diluted share, for the twelve months ended December 31, 2024. Book value per share grew $4.92, or 30.1%, ...

Investors can't even figure out what this company actually is anymore, let alone what it's worth. Despite bouncing back from its rough start to the year to end 2025 on a high note -- and with a gain -- analysts aren't expecting a repeat performance from Tesla (TSLA 3.76%) in 2026. As of the latest look, the analyst community's current 12-month consensus price target for Tesla stock is only $421.48 per share, which is below the ticker's present price near $430. The thing is, given the sweeping transformation now underway at the company, Wall Street may be right to be cautious. Ch-ch-ch-ch-changes at Tesla You know Tesla as one of several manufacturers of electric vehicles (EVs). But that's far from its sole identity. Its EV business almost seems somewhat secondary now, in fact, in light of recent announcements. One of these announcements is news that the company will soon stop making its Model S and Model X vehicles, and focus -- for now anyway -- strictly on production of its Model 3 and Model Y. Expand NASDAQ : TSLA Tesla Today's Change ( -3.76 %) $ -15.85 Current Price $ 406.11 Key Data Points Market Cap $1.4T Day's Range $ 399.19 - $ 423.90 52wk Range $ 214.25 - $ 498.83 Volume 3.2M Avg Vol 74M Gross Margin 18.03 % The idea makes enough practical, superficial sense. The two models to be dropped from its lineup only account for about 3% of Tesla's total production, which makes them more of a distraction than a meaningful profit center. It's worth noting, however, that sales of both higher-end electric vehicles have also deteriorated since other EV makers like BYD, Geely Automobile, and Volkswagen have stepped up their EV output; that's particularly true in China. The other somewhat shocking recent development is something else Tesla CEO Elon Musk said last month in conjunction with the decision to discontinue the Model S and Model X battery-powered automobiles. That is, the company is largely dropping these two high-priced EVs from its portfolio so it can focus on...

Source: Bloomberg, 5:49