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WSJ Tech News Briefing

TNB Tech Minute: Tesla and Google Report Earnings

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 23 July 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, fintech company Revolut tagrets a valuation of $45 billion ahead of a possible IPO. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Z-Scaler extended its Zero Trust architecture with powerful AI engines trained by 500 trillion daily signals

0:07.8

to prevent ransomware and AI attacks that target business.

0:11.7

Z-scaler Zero Trust plus AI. Learn more at Z-scaler

0:16.0

dot com slash Zero Trust AI. Here's your Tn B Tech Minute Tuesday, July 23rd. I'm Zoe Thomas for the Wall Street Journal.

0:27.0

Tesla felt the impact of slower demand and stiffer competition in the second quarter.

0:32.0

The electric vehicle maker's net profit. and stiffer competition in the second quarter.

0:32.8

The electric vehicle maker's net profit fell 45%

0:37.0

to $1.5 billion for the quarter.

0:39.5

Global vehicle deliveries during that period also fell, though not as steeply as some analysts

0:44.6

had feared.

0:46.1

Tesla's revenue rose 2% over the same period a year ago to 25.5 billion dollars.

0:51.8

An increase in sales in the energy storage business

0:54.5

offset a decline in vehicle sales. Google Parent Alphabet also reported earnings

1:00.3

today. The company's second quarter revenue rose 13.5 percent to a little under

1:06.1

85 billion dollars. That was a slowdown from the growth rate in the previous quarter. Its net income was over $23 billion.

1:15.5

The search giant reported its earnings

1:17.4

a day after, we reported that,

1:19.2

according to a person with knowledge of the discussions,

1:22.1

Google's talks to acquire the cyber security

1:24.6

startup Wiz for a planned $23 billion have fallen apart.

1:29.2

Wiz is now aiming for an initial public offering, according to an email sent to employees

1:34.0

viewed by the Wall Street Journal. And we exclusively report bank

...

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