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Elon Musk’s Master Plan fails to Cheer up Investors

Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on.


Elon Musk’s Master Plan fails to Cheer up Investors

image credits: Flickr

Electric vehicle manufacturer Tesla hosted a 2023 investor day presentation on Wednesday and CEO Elon Musk obviously took the center stage during the presentation. Musk gave a four-hour long speech in what is been dubbed as “Master Plan 3,” a long-term roadmap for Tesla’s growth. However, Tesla’s Master Plan 3 that included the ambitious goal of producing 20 Mn electric vehicles per year by 2030 failed to cast positive impression on investors. Tesla’s stock fell by nearly 7% on Nasdaq on Thursday and ended the day at $186 per share.  Many analysts claimed that although Tesla’s master plan looked ambitious but it lacked specific details.


Microsoft’s Activision Deal likely to be approved by Eu regulators


Microsoft’s proposed acquisition of Activision Blizzard is likely to receive green signal by EU regulators in the coming days, a report by Reuters claimed. As per the Reuters report, the European Commission is unlikely to impose any tough condition for any giving regulatory approval. This is in complete contrast to the tough conditions laid by UK and US’ anti-trust bodies. For instance, U. K’s Competition and Markets Authority (CMA) has asked Microsoft to sell off certain assets of Activision Blizzard to receive regulatory approval. In the U.S. the FTC has already sued and tried to block Microsoft- Activision deal. Microsoft announced the acquisition deal of the video gaming company Activision Blizzard in January 2022 for whopping $68 Bn.


Twitter Blue now available in 20 more Countries  

Twitter’s paid subscription plan ‘Twitter Blue’ has now expanded to 20 more new countries. Most of these newly added countries are located in the European region. These includes countries like Netherlands, Poland, Ireland, Belgium, Sweden, Romania so and so forth. With the latest expansion, the microblogging platform’s paid subscription service is now available in more than 30 countries. Twitter Blue has been the subject of much debate ever since Elon Musk took over the microblogging company. Musk initially increased the price of Twitter Blue before temporarily halting it and relaunching it again with more features.


Ford launches automated driving unit ‘Latitude’  

American auto giant Ford Motor on Thursday announced a launch a new automated subsidiary unit Latitude AI. This announcement comes months after the auto company pulled down the curtain on its previous autonomous technology unit ARGO AI. The new subsidiary unit Latitude AI will seek to leverage Ford’s existing BlueCruise Technology, which currently offers hands-free highway driving on specific car models. Over the years Almost all big auto companies like Toyota, Mercedes Benz and Audi have invested millions in autonomous driving technology.


iPhone maker Foxconn plans $700 Mn investment in India

Foxconn India

The Taiwanese manufacturing company Foxconn, the official manufacturing partner of Foxconn, is reportedly planning to invest $700 Mn to construct a new plant. This new plant, which is likely to be located near Bengaluru airport, will making electronic devices and also iPhone handsets. Although this announcement is yet to be officially confirmed, it indicates that Foxconn is serious about shifting its manufacturing base from China to India. If this investment gets a green signal then this will be one of Foxconn’s biggest investments in India.

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