Table of Contents

• Tesla

• LinkedIn

Top Stories Today

Economy & Finance

Tesla

Tesla shares surged by 20% on Thursday, marking their best day since 2013, after an earnings report that surpassed expectations. While Tesla's revenue of $25.18 billion missed analysts' estimates, earnings per share of 72 cents exceeded the projected 58 cents. Profit margins were boosted by $739 million in environmental regulatory credits, a potentially temporary source of income, alongside $326 million in revenue from the Full Self-Driving system. CEO Elon Musk forecasted vehicle growth of 20-30% next year, while analysts remain cautious, with some predicting lower growth. The stock's rally erased its year-to-date losses.

Technology

LinkedIn

The European Union's privacy regulator has fined LinkedIn, owned by Microsoft, €310 million ($335 million) for violating data protection laws related to targeted advertising. The Irish Data Protection Commissioner (DPC), responsible for overseeing many U.S. tech companies operating in Europe, imposed the fine due to LinkedIn’s handling of personal data without proper legal justification. LinkedIn expressed disagreement with the ruling, asserting that it has complied with GDPR but will adjust its advertising practices to align with the regulator’s decision. Microsoft had anticipated a larger penalty last year, setting aside $425 million for this issue.

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