TNB Tech Minute: Tesla Profit Slumps
WSJ Tech News Briefing
The Wall Street Journal
4.6 • 1.6K Ratings
🗓️ 22 April 2025
⏱️ 2 minutes
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| 0:00.0 | Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can |
| 0:22.0 | use right now. That's why the world works with ServiceNow. Visit ServiceNow.com |
| 0:27.9 | slash UK slash AI for people. Here's your TMB Tech Minute for Tuesday, April 22. I'm Katie |
| 0:36.1 | Dayton for the Wall Street Journal. |
| 0:38.1 | Tesla sales missed Wall Street expectations in the first quarter, |
| 0:41.3 | with the company reporting a slide in income of 71%. |
| 0:45.2 | The EV-maker struggled to overcome the reputational hit of CEO Elon Musk's polarizing role |
| 0:51.3 | in the Trump administration, as well as competitive pressure overseas. |
| 0:55.7 | Tesla reported revenue of 19.3 billion last quarter, down 9% from a year ago. |
| 1:02.0 | Double-digit percentage drops were seen in crucial markets, including the US, China, and Germany. |
| 1:08.1 | Facebook owner META could lose $7 billion in advertising revenue this year |
| 1:12.4 | thanks to President Trump's tariffs. That's according to analysts at Research Vern Moffat |
| 1:17.3 | Nathanson. He predict that Chinese companies like Tameu and Xi'in will pull back on ad spending |
| 1:23.0 | on the platform as the cost of doing business in the US increases. Metas become increasingly reliant on |
| 1:29.4 | China when it comes to the growth of its advertising business, even though it doesn't |
| 1:33.6 | operate in the country. The company so far hasn't spoken publicly about any impact from tariffs. |
| 1:39.7 | Its first quarter earnings are expected next week. And speaking of tariffs, Verizon said it won't be |
| 1:46.4 | absorbing the cost of higher import taxes on smartphones, leaving consumers to pick up the tab on any |
| 1:51.9 | price increases. The company reported a rise in first quarter earnings and reaffirmed its full year |
| 1:57.3 | guidance, but it said that doesn't reflect the effects of a, quote, |
| 2:01.0 | evolving tariff environment. Verizon also reported a greater than expected loss in postpaid |
| 2:06.9 | phone customers. For a deeper dive into what's happening in tech, check out Wednesday's |
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