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Tesla Says Its Fourth Quarter Profit Rose 59%, Expects Strong Demand




DETROIT, MI — Tesla reported a record fourth-quarter net income on Wednesday, and the company predicted that additional software-related profits would keep its margins higher than any other automaker.

From October to December, the Austin, Texas-based maker of electric vehicles and solar panels earned $3.69 billion, or an adjusted $1.19 per share. According to FactSet, this outperformed analysts’ estimates of $1.13. Profit for the company increased by 59% over the same period last year.

Revenue for the quarter was $24.32 billion, which fell short of analysts’ expectations of $24.67 billion.

Even though some of Tesla’s cars had their prices cut by up to 20% earlier this month, CEO Elon Musk said that demand for Tesla products is high and that sales are limited by production.

According to some analysts, the price cuts indicate that Tesla’s sales are slowing. However, in January, Tesla saw the highest year-to-date orders in its history, Musk said during a webcast with analysts.


Tesla Plans To Make 1.8 Million Cars This Year

“We believe demand will be strong despite a likely contraction in the overall automotive market,” he said. “Demand far outnumbers supply,” Musk said, adding that Tesla is raising prices slightly.

Tesla said in a letter to investors on Wednesday that it plans to make about 1.8 million cars this year, and Musk said that sales would be higher than that number.

Tesla had said before that delivery would go up by 50% every year in most years. However, 1.8 million represents a 40% increase.

Musk stated that Tesla could produce 2 million vehicles this year. “There would be demand for that as well,” he said to analysts.

On January 13, the company cut prices in the United States and China, which are its two biggest markets. This made many analysts think that demand had dropped because prices were too high and interest rates were going up, which was true.

In a note sent to investors early on Wednesday, Adam Jonas, an analyst at Morgan Stanley, said that demand is a worry.



Decreased From 30.6% In The Quarter

“The price cuts, in our opinion, are indeed a response to slowing incremental demand relative to incremental supply,” he wrote.

Tesla’s automotive gross profit margin, defined as revenue minus cost of goods sold, decreased from 30.6% in the fourth quarter of 2021 to 25.9% in 2022 as previous discounts took effect.

Tesla stock rose slightly on Wednesday, closing at $144.43. Fh the earnings report, they rose another 5.5% in extended trading.

Seth Goldstein, a Morningstar Equity Strategist who follows Tesla, says that Musk put out the 1.8 million sales estimate to address worries about falling demand. But he thinks that the price cuts will make Tesla’s profit margins shrink even more this year.

“In the long run, I believe profit margins will recover,” he predicted.

Goldstein said that despite price cuts in China, average sales prices rose in the fourth quarter, and the company was able to increase productivity at new factories in Texas and Germany. However, he claimed more was needed to offset higher raw material and shipping costs.


Software Had Reached About 400,000 Users

Tesla also said that its “Full Self-Driving” software had reached about 400,000 users and brought in $324 million in revenue during the quarter. Full Self-Driving can’t drive itself, despite the name. Tesla tells drivers to be ready to take over at any time.

The company said that there are worries about the economy as a whole because interest rates are going up. “In the near term, we are accelerating our cost-cutting roadmap and driving toward higher production rates while remaining focused on executing against the next phase of our roadmap,” according to the letter.

Musk was asked how Tesla would mitigate brand damage following his $44 billion takeover of Twitter, based on Morning Consult poll results showing a steep decline in Democratic favorability.

On the other hand, Musk claims to have 127 million followers on the social media platform, and his following is growing. “That implies that I’m fairly popular,” he said, adding that the number of followers speaks for itself.

Tesla earned $12.56 billion in net income for the fiscal year or an adjusted $4.07 per share.

Last year, the company’s stock dropped 65% on concerns that Musk was distracted by his $44 billion acquisition of Twitter. However, they are up about 35% so far this year.

Price cuts that began on January 13 fueled Wall Street concerns that demand for Teslas was dwindling as intense competition from startups and legacy automakers arrived.



Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.


Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence



Nividia | AP News Image

SAN FRANCISCO  — Due to its dominance in chipmaking, which has made it a symbol of the artificial intelligence boom, Nvidia on Wednesday far exceeded Wall Street expectations for profit.

Net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in the first quarter that ended April 28 from $2.04 billion a year earlier. Revenue more than tripled, rising to $26.04 billion from $7.19 billion in the previous year.


Nividia | AP News Image

Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

“The next industrial revolution has begun,” CEO Jensen Huang declared on a conference call with analysts. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data center he called “AI factories” designed to produce “a new commodity—artificial intelligence.”

Huang added that training AI models is becoming faster as they learn to become “multimodal”—that is, capable of understanding text, speech, images, video and 3-D data—and also “to reason and plan.”

According to FactSet, the company reported earnings per share—adjusted to exclude one-time items—of $6.12, well above the $5.60 that Wall Street analysts had expected. It also announced a 10-for-1 stock split, which it noted would make its shares more accessible to employees and investors.

And it increased its dividend to 10 cents a share from 4 cents.

Shares in Nvidia Corp. rose 6% in after-hours trading to $1,006.89. The stock has risen more than 200% in the past year.


Nvidia | AP news Image

Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

The company, based in Santa Clara, California, carved out an early lead in the hardware and software needed to tailor its technology to AI applications, partly because founder and CEO Jensen Huang began to nudge the company into what was then seen as a still half-baked technology more than a decade ago. It also makes chips for gaming and cars.

The company now boasts Wall Street’s third-highest market value, behind only Microsoft and Apple.

“Nvidia defies gravity again,” Jacob Bourne, an analyst with Emarketer, said of the quarterly report. While many tech companies are eager to reduce their dependence on Nvidia, which has achieved hardware dominance in AI rivaling that of earlier computing pioneers such as Intel Corp., “they’re not quite there yet,” he added.

Demand for generative AI systems that can compose documents, make images and serve as increasingly lifelike personal assistants has fueled astronomical sales of Nvidia’s specialized AI chips over the past year. Tech giants Amazon, Google, Meta, and Microsoft have all signaled that they will need to spend more on the chips and data centers needed to train and operate their AI systems in the coming months.

What happens after that could be another matter. Some analysts believe the breakneck race to build those huge data centers will eventually peak, potentially spelling trouble for Nvidia in the aftermath.


Nvidia | AP News Image

Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

“The biggest question that remains is how long this runway is,” Third Bridge analyst Lucas Keh wrote in a research note. He noted that AI workloads in the cloud will eventually shift from training to inference or the more everyday task of processing fresh data using already trained AI systems. And inference doesn’t require the level of power provided by Nvidia’s expensive top-of-the-line chips, which will open up market opportunities for chipmakers offering less powerful, but also less costly, alternatives.

When that happens, Keh wrote, “Nvidia’s dominant market share position will be tested.”


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Geekzilla Tio Geek: Everything About Geek Culture You Should Know



Geekzilla Tio Geek: Everything About Geek Culture You Should Know

(VORNews) – Geek culture is dynamic and ever-evolving, and a new player has emerged. For all things geeky, Geekzilla Tio Geek is the place to be. It all comes down to getting people together, exchanging ideas, and enjoying ourselves.

Geekzilla Tio Geek encourages you to show off your freak side, whether you’re an avid gamer, comic book reader, or science fiction enthusiast. So enter, join up, and get to know other nerds who share your interests!

Geekzilla Tio Geek: What is it?

Geekzilla Tio Geek is a movement that honors geek culture in all of its manifestations rather than just a platform. Everything is available, including the newest technology, amazing video games, and the best sci-fi and comic novels.

For any tech enthusiast or nerd, it’s a veritable gold mine of material, community, and opportunity.

The History and Development of Greek Culture

Man, Greek culture has come a long way from its modest origins. These days, a thriving community embraces it and invites everyone to share and appreciate their nerdy hobbies.

Geek culture used to be seen as a niche hobby, but now it’s a worldwide phenomenon that captures the imaginations and emotions of millions of people and emphasizes its general appeal. The development of personal computers, the Internet, and popular franchises like Star Wars have greatly influenced the future of geek culture.

Geekzilla Since he acts as a catalyst for the global gathering of like-minded people, Tio Geek has emerged as a key character in this cultural renaissance.

Geekzilla Tio Geek has become a center of activity, enabling geeks to connect, cooperate, and celebrate their hobbies via its online presence and community-driven projects. So come on over and join the geek community.

Geekzilla Tio Geek’s effects

Geekzilla Tio Geek’s influence goes beyond its virtual domain; it affects cultural narratives, technology adoption, and the expansion of the geek community at large.

Creating Cultural Storylines

Geekzilla Tio Geek is revolutionary. It’s not just any old app or website. It resembles an entire geek universe! It goes beyond technology alone. It also influences our society and unites individuals with similar interests.

Geekzilla Tio Geek is incredible! It has fundamentally altered how people see and engage with geek culture, significantly increasing its social acceptability and coolness.

It has made it simpler for everyone to join the geek community and helped dispel misconceptions.

Increasing the Rate of Technology Adoption

Geekzilla In the geek community, Tio Geek’s platforms are the authority on all things tech. They make even the most complicated technology easily understandable through engaging material, practical lessons, and interactive workshops. This inspires geeks to investigate and welcome new developments in their areas of interest.

Advancing Community Development

Geekzilla Tio Geek has greatly influenced the emergence and development of the geek community. The platform has developed geek places to meet, engage, and work together, both virtually and physically.

As a result, people from all around the globe have come together, strengthening their feelings of unanimity and purpose. The way our town has changed throughout the years is quite remarkable.

Geekzilla Tio Geek’s impact

Have you heard of Tio Geek, Geekzilla? These days, it goes beyond merely a website or digital item. It influences how others see us and fosters a more varied and inclusive community—like a geek culture.

The ascent of Tio Geek and GeekZilla

GeekZilla and Tio Geek are two of the biggest names in the geek world. GeekZilla is an amazing website that connects geeks from across the globe.

In the meantime, social media sensation Tio Geek is all about geek culture. These two individuals are ensuring that all nerds have a voice and can communicate with one another.

Inclusion and Diversity

Geekzilla How great is Tio Geek! Their goal is to create a more inclusive and friendly geek community. They achieve this by ensuring that everyone feels appreciated and included.

They constantly invite others to join in on the fun and spotlight innovators from all backgrounds. Geekzilla Tio Geek has allowed nerds to unite and celebrate their shared passion for all things geeky!

Geekzilla Tio Geek’s Offers

Geekzilla It goes beyond only building a community on Tio Geek. It features a plethora of interesting initiatives and resources that address the many needs and passions of geeks throughout the globe, facilitating their search for and connection with like-minded others.

Geekzilla’s Community Engagement

For those with similar interests, Tio Geek has built online forums, chat rooms, and live Q&A sessions where people can get together, discuss their passions, and collaborate on projects. It’s a fantastic opportunity to meet others who share your interests and create a community centered on your hobbies.

Learning and Developing Skills

Geekzilla The goal of Tio Geek is to facilitate geeks’ learning. They provide many tutorials, workshops, and seminars covering various topics, including cosplay, game development, coding, and more.

You may meet other nerds who share your interests and enhance your talents simultaneously!

Inclusion and Representation

Geekzilla Inclusion and diversity are core values of Tio Geek. They strongly support representation in all things nerdy and are always searching for ways to offer underrepresented creatives an opportunity to shine.

They’re ensuring that everyone has a place at the table in everything from gaming to computing.

Partnerships and Occasions

Geekzilla Tio Geek is fantastic because they collaborate with other influential figures in the geek community to create amazing things. To allow all the geeks to get together, share their hobbies, and exchange knowledge, they organize large-scale conferences and smaller get-togethers.

In essence, they’re all focused on creating a plugged-in geek community!

Advantages of Becoming Geekzilla Geek Tio

When people begin to grasp how amazing technology is and how far it has come, they may find a ton of advantages beyond just having fun.

Creating a Community Geekzilla

The platforms of Tio Geek are fantastic! They unite geeks from all over the globe, giving us a sense of community and a newfound set of pals. It’s incredible how, despite living far away, we can all connect and have similar interests.

Thanks to these sites, we’ve collaborated on amazing projects, formed enduring friendships, and fostered a thriving community of other nerds.

Developing Geek Culture

Are you familiar with Geekzilla and Tio Geek? They’re doing a fantastic job of popularizing geek culture. They plan many amazing activities and initiatives that dispel popular misconceptions about geeks.

The fact that nerdy pursuits and hobbies are becoming more widely accepted and adaptable is amazing.

Learning and Developing Skills

Geekzilla If you’re looking to advance your abilities and knowledge within the geek community, Tio Geek has you covered. They provide an extensive array of instructional tools, from cosplay seminars to coding courses, to help you improve your skills. Their dedication to acquiring new skills and learning throughout life has greatly influenced the growth of geek culture.

Promoting Inclusion and Diversity

Geekzilla In terms of encouraging diversity and inclusivity in the geek community, Tio Geek is the absolute winner. Regardless of identity, they are all focused on ensuring everyone feels accepted and represented.

Geekzilla Tio Geek is making geek culture more approachable for everybody by promoting inclusive projects and highlighting innovators from marginalized communities. Seeing a platform making such a big effort to foster diversity and acceptance in the geek community is fantastic!

The Geek Community’s Cultural Renaissance

After years of being a niche interest, geek culture has broken through to the mainstream. This new cultural revolution has influenced everything from popular culture to accepted social mores. These days, geeks are having a significant impact on society and the globe at large.

Assimilation of Pop Culture

These days, geek culture is all over the place! It has entered the mainstream and is no longer seen as something only geeks can appreciate. It manifests itself in language, style, and way of life.

Those who identify as geeky have discovered a community here.

Symbols and allusions from the worlds of science fiction, comics, and video games are everywhere. Geek culture and popular culture seem to have become fast buddies!

Dramatic Shift in the Entertainment Sector

Geek culture is taking center stage in the entertainment industry, which is undergoing profound transformation. There has been a worldwide explosion in media’s popularity centered on science fiction, fantasy, and comic book themes. These tales are capturing people’s attention because they are varied and captivating.

Shifting Cultural Standards

An increasing number of individuals are embracing geek culture, influencing societal attitudes on diversity. Geek culture is characterized by a high level of acceptance and a strong belief in treating everyone equally.

This has led to a general shift in cultural consciousness toward questions of diversity and inclusion, namely, how we might better understand and appreciate those different from us.

What Makes Geekzilla Unique My Hero Tio

Geekzilla: The main goal of Tio Geek is to provide a space where individuals from diverse backgrounds may interact and exchange ideas and interests.

This vibrant community welcomes everyone who is enthusiastic about learning and exploration, as creativity, variety, and drive are valued and cherished there.

Geekzilla’s Innovation and Creativity

Explore new technologies and concepts with Tio Geek and support other geeks in their endeavors to grow and connect. They’re all about following their hobbies and pushing the envelope of what’s conceivable, whether it’s amazing DIY devices or indie video games.

It’s an amazing community that’s always coming up with new and fascinating projects.

Promoting Diversity

Geekzilla At Tio Geek, diversity is our main focus. In the geek community, they want everyone to feel accepted and at home. Because of this, they constantly promote many voices and viewpoints. They believe it’s critical to question the existing status quo and increase the diversity and representation of geek culture.

Motivation for Upcoming Generations

Geekzilla Tio Geek is a site that encourages geeks in the next generation. It encourages young people to pursue their interests in technology, gaming, and other fields via instructional material, mentoring programs, and community projects. The goal is to instill a feeling of wonder and possibilities in young brains so they may confidently follow their interests. Geekzilla: Anyone interested in learning about these fascinating topics should check out Tio Geek!

Worldwide Appearance and Widespread Recognition

I love geek culture so much! Because of its supporters’ amazing ideas and inventiveness, it has taken off all over the globe. These days, it can be seen in everything from massive Hollywood productions to the newest fashion displays.

Nerddom at Blockbuster

Over time, sci-fi/fantasy and superhero film franchises have become immensely popular, indicating a mainstreaming of geek culture. As a result of these cultural phenomena, geek culture has become a major part of our worldwide awareness, sparked international discussions, creative partnerships, and fan theories.

Modern and Technological

Many individuals used to be excluded from technology, but now it’s hip and widely accepted. New technology and innovative concepts from the tech world inspire people.

This has also given rise to a new fashion trend: computer enthusiasts are expressing their own styles via apparel with a geek vibe. A large community of individuals is interested in this movement, which is all about appreciating uniqueness and innovation.

Impact on the Community and Society

There is more to geek culture than merely a collection of like-minded individuals. Our group is welcoming, which fosters a feeling of identity. Geek culture has sparked vital discussions on mental health, social norms, and the value of accepting and supporting one another via mediums like video games, TV series, and movies.

People might congregate there and have a sense of belonging to something greater.

The Geekdom Sanctuary

Those who feel alienated or unusual might find acceptance in geek culture. Everyone is welcome in our community, regardless of background or hobbies. Being a member of this group may provide many people comfort and a secure place to be who they are without worrying about being judged.

Beneficial Effect

Geek culture’s influence extends well beyond its local group. It impacts how society views and considers many issues. Geek culture has advanced discussions and activities that foster better societal acceptance and understanding by supporting diversity and representation. The result has been a richer and more varied cultural environment.

Considering Geek Culture’s Future

Geek culture is a continuously growing and changing field that offers enormous opportunity to those who are enthusiastic about it. Geek culture seems to have a bright future as cutting-edge technology combines with education and entertainment to provide fresh, fascinating experiences.

Getting Ready for Hyperdrive

Technology will most likely continue to have a significant influence on geek culture.Geek culture will continue to grow in the future due to the accessibility of content production tools and the limitless imagination of geeks worldwide. These individuals’ innovative spirit and creative energy will shape geek culture.

Taking Care of the Future Generation

But it’s crucial to raise the next generation of geeks and encourage them to push limits, ask questions, and conduct exploration. We can guarantee that geek culture’s history endures and that the community grows by encouraging inquiry and appreciating originality.

In Conclusion

Geekzilla Tio Geek honors the tenacity, originality, and uniqueness that characterize geek culture. It’s a place to meet others who share your interests, connect with like-minded people, and discover new opportunities—whether you’re an experienced geek or brand-new to the community. So embrace your inner geek and join us on this thrilling adventure!

More info: Explore the Depths: Frozen Technology’s Future

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Piso WiFi: Affordable Internet Access Revolution in the Philippines



Piso WiFi Affordable Internet Access Revolution in the Philippines

Piso WiFi has revolutionized internet access in the Philippines, making it more accessible and affordable. This unique technology lets users connect to the internet by feeding money into a machine, making it available to a wide spectrum of individuals, particularly those in rural and underserved areas.

What is Piso WiFi?

Piso WiFi is a coin-operated internet vending machine that allows users to utilize WiFi for a certain period. The concept is simple: customers insert coins into the machine, usually in denominations as low as one peso (hence the name “Piso WiFi”), and are granted internet access for a specified period. This service is very popular in public areas such as sari-sari stores, community centers, and transportation hubs.

How Does it Work?

A typical Piso WiFi configuration consists of a WiFi router, a coin-accepting machine, and a software system that controls user access and time. Here’s a step-by-step explanation of how it operates:

Insert Coins: Users place coins into the machine.
Connect to WiFi: Once the coins have been accepted, the user connects to the WiFi network via a smartphone, tablet, or laptop.
Enter Access Code: The machine or associated system generates an access code, which the user enters to begin the Internet session.
Timed Access: The user has internet access for the amount inserted. Typically, one peso can give five to ten minutes of Internet connection.

Benefits of Piso WiFi

Affordability: With Piso WiFi, users can access the internet for just a few pesos, allowing it to be accessed even by those with limited financial resources.

Convenience: In addition to being located in easily accessible public places, these machines enable users to connect to the Internet without the need for a personal Internet subscription.

Scalability: Business owners and entrepreneurs can install multiple Piso WiFi units at different locations, creating a scalable business model that meets the high demand for affordable internet access.

Empowerment: By providing access to the Internet, Piso WiFi enables people to enhance their quality of life and economic opportunities through education, communication, and information.

Challenges and Solutions

Despite being a fantastic innovation, Piso WiFi faces a few challenges:

Maintenance and Security: Regular maintenance and secure installations are crucial to ensuring the machines remain operational and secure from vandalism or theft.

Bandwidth Management: Maintaining a stable and sufficient internet connection is essential, especially in areas with high traffic. Solutions include optimizing bandwidth allocation and using high-quality routers.

Regulatory Compliance: To ensure a successful Piso WiFi business, operators must comply with local regulations and obtain the necessary permits.

Conclusion on Affordable Internet Access

In addition to breaking down barriers and creating new opportunities for connectivity, Piso WiFi is transforming how Filipinos connect to the internet. Because of its affordability, convenience, and potential for business growth, it is a valuable asset in closing the digital divide.

Increasingly, Piso WiFi will expand as technology advances and more people recognize its benefits, bringing the world closer to those in need.

To promote education, economic development, and social inclusion, communities can harness the power of the internet by understanding and utilizing Piso WiFi’s potential. It is a revolutionary solution that promises a more connected future, regardless of whether you are a user enjoying the benefits or a potential entrepreneur considering starting a Piso WiFi business.


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