Tesla reports first-ever annual profit, of $721m

New York: Tesla Motors reported its first annual profit Wednesday, but shares fell after Elon Musk’s electric car company scored lower-than-expected fourth quarter earnings. Tesla, a soaring stock for much of the last year, reported 2020 profits of $721 million (Dh2.6 billion), reflecting the company’s strong ramp-up in production and deliveries despite a hit from […]

Facebook oversight board overrules company on most cases in first test

Deciding its first-ever cases, Facebook Inc’s oversight board ruled on Thursday that the social media company was wrong to remove four of five pieces of content the board reviewed, including posts Facebook took down for violating rules on hate speech and harmful COVID-19 misinformation. The first rulings will be scrutinized to see how independent the […]

Walmart to build more robot-filled warehouses at stores

New York: Walmart is enlisting the help of robots to keep up with a surge in online orders. The company said Wednesday that it plans to build warehouses at its stores where self-driving robots will fetch groceries and have them ready for shoppers to pick up in an hour or less. Walmart declined to say […]