Two tech giants, two different stories: Tesla struggles with declining sales while Google gets surging cloud revenue. If you think your week was rough, imagine missing Wall Street estimates like Tesla did.
Tesla's Earnings Report
Tesla reported a 7% drop in auto revenue, decreasing to $19.9 billion
Ever thought about how dependent we’ve become on technology? Well, the recent cyberattack on CDK Global, a major software provider for car dealerships, gave us a harsh reminder.
This attack stopped operations at 15,000 dealerships— there's about 70,000 of those in the US.
What Happened?
The used-car market offers a huge opportunity with its fast growth and stability. As buying and selling cars are transitioning online, this sector is becoming more attractive.
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