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Alphabet reported its third quarter results with a revenue of US$ 69.1 billion, a 6% jump compared to the same period last year. However, the net income is down to US$ 13.91 billion as against US$ 18.93 billion last year. YouTube ads (-2%) and Google Network (-1.6%) were the worst performers with downward trend, among all the Google Services. while Google Cloud saw a great momentum with 37.64% increment, this quarter.   Sundar Pichai, CEO of Alphabet and Google, said: “Product announcements we’ve made in just the past month alone have shown that very clearly, including significant improvements to both Search and Cloud, powered by AI, and new ways to monetize YouTube Shorts.” Diluted earning per share: US$ 1.06 against US$ 1.40 last year Revenue: US$ 69.1 billion against US$ 65.12 billion last year Net income: US$ 13.91 billion against US$ 18.94 billion last year YouTube ads: US$ 7.07 billion against US$ 7.2 billion last year Google Cloud: US$ 6.9 billion against US$ 5 ...

Tesla published it third quarter results with a whopping 103% rise in its net income (GAAP) compared to the same period last year. The company also witnessed a growth of 56% in its total revenue year-on-year.  The company clocked a net income (GAAP) of US$ 3.3 billion and the total revenue of US$ 21.5 billion in Q3 of 2022.   In last 12 months, Tesla's free cash exceeded US$ 8.9 billion, while its operating margin reached 17.2%  The report suggests that the company faced challenges due to factors such as raw material cost inflation, rising US dollar, and the inefficiencies from Gigafactory Berlin Brandenburg, Gigafactory Texas and 4680 cell production. Tesla did complain about transportation capacity getting more expensive and difficult to secure. As a result the company began transitioning to a smoother delivery pace, leading to more vehicles in transit at the end of the quarter.   While Tesla plans to increase its productions at Fremont and Shanghai, it f...