Tue. 07/27 – No More Hedging. Tesla Truly Profitable.

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 27 July 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla is profitable beyond all caveats and hedges. Intel continues to telegraph its turnaround plans. Tangible numbers of the Chinese tech carnage. Instagram changes the rules for teens on the platform. And what are Facebook’s ultimate designs on building a Metaverse? Sponsors: Metalab.co TinyCapital.com Links: Tesla finally made a profit without the help of emission credits (The Verge) Tesla records $23 million in bitcoin-related impairments after cryptocurrency’s second-quarter plunge (CNBC) Intel to build Qualcomm chips, aims to catch foundry rivals by 2025 (Reuters) Apple releases fix for iOS and macOS zero-day, 13th this year (The Record) China Crackdown Makes Hong Kong Index World’s Biggest Tech Loser (Bloomberg) Instagram's new protections for teens come as experts say tween venture poses big risks (NBC News) Facebook announces Metaverse product group headed by Instagram VP Vishal Shah (Protocol) Element bolsters decentralized team messaging with $30M raise (VentureBeat) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Tuesday, July 27th, 2021. I'm Brian McCullough today.
0:09.6	Tesla is profitable beyond all caveats and hedges.
0:13.0	Intel continues to telegraph its turnaround plans.
0:16.0	Tangible numbers from the Chinese tech carnage this week.
0:20.0	Instagram changes the rules for teens on their platform and what are
0:25.1	Facebook's ultimate designs on building a metaverse? Here's what you miss today in
0:29.2	the world of tech.
0:32.0	Tesla reported earnings yesterday. Tech.
0:33.2	Tesla reported earnings yesterday and it was another series of milestones for the company
0:38.8	in the continued narrative of you know, Tesla winning, quoting the verge.
0:44.5	Tesla sold enough cars and energy products
0:46.8	to turn a profit even without counting
0:49.2	the sale of emissions credits to other automakers,
0:52.1	a milestone for the company. This was the 8 profitable
0:55.4	quarter in a row for Tesla but the first where it can truly say it's a
0:59.8	profitable automaker. Tesla shared Monday that it logged a $1.1 billion profit in the second quarter of 2021 with
1:07.8	$154 million of that coming from credit sales.
1:12.0	The rest came from automotive sales as well as a
1:14.7	boost in energy storage sales. Tesla pulled this off despite taking a loss of
1:20.5	23 million dollars on its big Bitcoin bet something that had helped it to a
1:25.5	profit last quarter a delayed rollout of the revamped model S sedan and model X
1:30.2	SUV and the global semiconductor shortage.
	...

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