Seeking Alpha’s daily roundup of remarks and statements that could impact the technology sector.
- Tesla (NASDAQ:TSLA) said Q2 deliveries fell 14% year-over-year.
The EV maker reported that it delivered 384,122 vehicles in Q2, missing the consensus estimate of 389K vehicles. For the same quarter last year, the company delivered 443,956 vehicles.
- Amazon (NASDAQ:AMZN) said it has deployed its 1 millionth robot, which was delivered to a fulfillment center in Japan, and launched a new generative AI model aimed at making its robot fleet “smarter and more efficient.”
“Called DeepFleet, this AI technology will coordinate the movement of robots across our fulfillment network, improving the travel time of our robotic fleet by 10% and enabling us to deliver packages to customers faster and at lower costs,” said Scott Dresser, vice president of Amazon’s robotics division, in a news post.
- Microsoft (NASDAQ:MSFT) plans to cut approximately 9,000 jobs, or a little less than 4% of its global workforce.
“We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,” a Microsoft spokesperson said in an email to CNBC.
CNBC noted the tech giant announced in May that it was cutting around 6,000 jobs. The company employed around 228,000 as of June 2024.
- Moove, an African ride-hailing platform backed by Uber (NYSE:UBER), is reportedly raising $1.2B through a debt round to help finance a fleet of Waymo (NASDAQ:GOOGL) (NASDAQ:GOOG) autonomous driving vehicles and expansion into the U.S. market. The company already operates in over a dozen markets, including Mexico and India.
“While we can’t discuss the specifics of any ongoing fundraising, Moove has built strong relationships with some of the world’s leading lenders,” Ladi Delano, a Moove co-founder, told Bloomberg. “We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment.”