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Tesla warns of sales growth slowdown as it prepares for next-gen launch in late 2025

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Tesla warns of sales growth slowdown as it prepares for next-gen launch in late 2025

Tesla reported earnings of $7.9 billion in net income on $25.2 billion in revenue during the fourth quarter of 2023. The figures represent an increase in revenue, up from $24.3 billion the same time last year. The company added that its vehicle volume growth rate in 2024 “may be notably lower” than it was in 2023 as it works to launch Tesla’s next-gen vehicle.

Responding to a question about its next-gen vehicles during the earnings call, Tesla CEO Elon Musk said the company is targeting production “towards the end of 2025” but warned of delays due to the complexities of the manufacturing process. “We are focused on bringing the next generation platform to market as quickly as we can, with the plan to start production at Gigafactory Texas,” Tesla said in a note to shareholders. “This platform will revolutionize how vehicles are manufactured.”

The company’s profit margins improved slightly but are still down compared to last year’s. The company reported margins of 8.2 percent, up slightly from 7.6 percent the previous quarter but down from last year’s 16 percent. Tesla used to have historic profit margins, sometimes as much as 20 percent, but a series of price cuts have caused its once-vaunted margins to drop into more earthly territory, worrying investors. 

The company’s profit margins continued to shrink

Also fewer Tesla vehicles qualify for the federal EV tax credit, thanks to strict new rules for the sourcing of battery materials. The performance version of the Model 3, the long-range version of the Model X, and three versions of the Model Y still qualify for the full $7,500 tax credit, which can now be applied at the point of sale.

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Tesla is also facing the existential challenge of losing its place as the world’s top producer of electrified vehicles to BYD. The Chinese company said it produced 3.02 million EVs in 2023, as compared to Tesla’s 1.81 million cars. However, BYD’s figures include 1.6 million battery-electric cars and 1.4 million hybrid vehicles — so Tesla can still claim to be the top producer of pure EVs.

Hours before the earnings report was released, Reuters reported that Tesla plans to start production on an all-new electric crossover vehicle in mid-2025. The company has apparently invited suppliers to bid to work on the car and is forecasting producing 10,000 vehicles weekly. Speculation is that this could be Tesla’s long-promised $25,000 vehicle for mass-market consumers.

Musk has been making investors nervous by making statements about spinning off Tesla’s artificial intelligence work into a separate company if he is unable to increase the size of his ownership. Such a move would drastically undercut the company’s value, which is largely based on futuristic vibes.

Update January 25th, 4:18AM ET: Updated headline and story with confirmation that Tesla is targeting late 2025 for production of its next-generation vehicles.

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Meta’s glasses will turn off the camera if you tamper with the privacy light

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Meta’s glasses will turn off the camera if you tamper with the privacy light

Amid public backlash over its smart glasses, Meta announced that it will be updating its glasses with a new feature that will disable the camera when it detects that someone has tampered with or destroyed the glasses’ privacy LED light. The update is meant to address modders who have taken actions such as physically drilling into the LED light.

Meta has previously tried to discourage tampering with the LED light. For example, starting with its second generation glasses, blocking the light with tape or other objects will trigger a prompt asking users to uncover the recording light. However, many modders have found various workarounds for that particular measure.

Meta’s VP of wearables Alex Himel told The Verge that the privacy-focused update was on the way a few weeks ago after launching cheaper Meta Glasses without Ray-Ban branding. At the time, Himel acknowledged that the company was aware of increasing misuse alongside wider adoption of the devices.

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Discord accidentally banned over 8,000 people for posting grids and other ‘benign’ images

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Discord accidentally banned over 8,000 people for posting grids and other ‘benign’ images

Stanislav Vishnevskiy, Discord co-founder and chief technology officer, writes that the bug impacted around 200 users who posted “grid-like” pictures, in addition to about 8,000 people who posted “other benign images” since May 2026. “Everyone affected has now been unbanned,” Vishnevskiy says.

In a thread on X, Discord writes that its safety system is designed to flag content by “matching it against known harmful material.” This system can produce “false positives,” Discord explains, which is when an employee would step in to review the flagged content. But instead of just temporarily preventing the account from uploading content during the review, a glitch led its system to ban users entirely.

“When our staff reviewed and cleared those accounts, the same bug prevented the ban from being lifted automatically, so it just stayed in place,” Discord says.

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Hoto’s PixelDrive screwdriver is down to $60, matching its best price

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Hoto’s PixelDrive screwdriver is down to , matching its best price

If your Prime Day purchases included a new desk, TV stand, bookshelf, or other furniture you still haven’t assembled, Hoto’s PixelDrive cordless screwdriver can help speed up the process. It’s currently on sale for $59.99 ($20 off) at Amazon, matching its best price to date.

From tightening loose screws on furniture to repairing electronics, the PixelDrive is designed to handle a wide range of household projects. Hoto includes 30 screwdriver bits that cover many of the most common screw types, all neatly organized in a small cylindrical case. It also offers six adjustable torque settings, allowing you to use less power when working with fragile electronics or increase it when putting together a desk, bookshelf, TV stand, or other furniture. You can also switch between a slower 80RPM mode for more precise work and a faster 200RPM mode with the press of a button.

Hoto also added several features that make assembling projects a little easier. A built-in display lets you quickly check your current torque setting and remaining battery life, while an integrated LED light helps illuminate dim spaces, whether you’re working under a desk or inside a cabinet. The rechargeable 2,000mAh battery also charges over USB-C, so you won’t need to keep buying disposable batteries.

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