Tesla made $105 million profit in Q4 2019 after record deliveries

Tesla shares soar in aftermarket trading as a result.

Elon Musk makes a peace sign with two Chinese men.

Enlarge / Earlier in January, Tesla began delivering the first Chinese-made Model 3 battery electric vehicles. (credit: Xinhua/Ding Ting via Getty Images)

On Wednesday, Tesla released its financial results for the fourth quarter of 2019. For the final three months of the year, Tesla brought in $6.4 billion in automotive revenues, a 1 percent increase on Q4 2018. Total revenues for the company during the quarter were $7.4 billion, a two percent rise from the same period the year before. Total revenues for the year were $24.6 billion, an increase of 14 percent compared to 2018. Once generally accepted accounting principles were applied, that translates to a quarterly profit of $105 million, a 25 percent decline from Q4 2018. (Regulatory credits brought in $133 million in Q4 2019.) Free cash flow increased by 11 percent compared to the same time period the year before to just over $1 billion.

The results come on the back of record deliveries of the Model 3 sedan. Between September and December of last year, the company built 86,958 Model 3s and delivered 92,620, a year-on-year increase of 42 percent and 46 percent, respectively. Tesla is also keeping less inventory on hand; globally, the company was at 11 days of sales for Q4 2019, a drop of 42 percent year on year.

However, Tesla noted in a letter to investors that gross profits "were essentially flat" as volume growth and manufacturing efficiency and cost reductions were offset by a decrease in average sales price and more leased cars. Deliveries of the Models S and X continue to decline year-on-year, falling by 29 percent.

Read 3 remaining paragraphs | Comments

New “Off-Facebook Activity” portal lets you know where you’re being followed

It’s helpful to know which businesses track you, but you can’t do much about it.

The Facebook logo is displayed on a TV screen on September 9, 2019, in Paris, France.

Enlarge / The Facebook logo is displayed on a TV screen on September 9, 2019, in Paris, France. (credit: Chesnot | Getty Images)

After years of promising increased transparency, Facebook is getting granular and showing you how it picks up and mashes together data about you from other companies. Facebook's new tool is indeed illuminating when it comes to getting a glimpse at who tracks you (spoiler: everyone). Its promises to give you a measure of control over the process, however, fall short.

Facebook this week launched an Off-Facebook Activity portal to give users a different and more detailed perspective on the data it hoovers up from other firms. Off-Facebook Activity is exactly what it sounds like: interactions you have with other entities, such as an app on your phone or a retailer you shop at, that Facebook receives data about. Facebook attaches that data to the rest of the information it has about you and uses it for marketing purposes.

Here's how Facebook itself describes the process:

Read 12 remaining paragraphs | Comments

Waymo’s self-driving cars will carry packages for UPS in Phoenix

Waymo vehicles will carry packages from UPS stores to a central UPS warehouse.

A UPS worker loads boxes into a Waymo van.

Enlarge (credit: Waymo)

Waymo, Alphabet's self-driving company, is getting into the package-delivery business, the company announced in a Wednesday blog post.

"Our self-driving Chrysler Pacifica minivans will shuttle packages from UPS Stores in the Metro Phoenix area to the UPS Tempe hub," Chief Operating Officer Tekedra Mawakana wrote. Initially, Waymo will have a safety driver behind the wheel of each vehicle carrying packages.

Importantly, Waymo is not going to start delivering UPS packages directly to customers—a job that would require a human delivery person to carry the package to a customer's front door.

Read 5 remaining paragraphs | Comments

Quartalsbericht: Microsofts Gewinn steigt auf 11,6 Milliarden US-Dollar

Konzernchef Satya Nadella sieht Microsoft in wichtigen Bereichen als führend an. Seine Führung mit Konzentration auf Azure und Office 365-Tools ist sehr erfolgreich. (Quartalsbericht, Microsoft)

Konzernchef Satya Nadella sieht Microsoft in wichtigen Bereichen als führend an. Seine Führung mit Konzentration auf Azure und Office 365-Tools ist sehr erfolgreich. (Quartalsbericht, Microsoft)

Dozens of companies have data dumped online by ransomware ring seeking leverage

Maze operators “gift” Pensacola by removing data dump, but others not so lucky.

Dozens of companies have data dumped online by ransomware ring seeking leverage

Enlarge (credit: Omar Marques/Anadolu Agency via Getty Images)

The Maze ransomware ring has taken extortion to new heights by publicly posting breached data on the Internet—and threatening full dumps of stolen data if the ring's "customers" don't pay for their files to be unencrypted. But the group appears to be making one exception: the City of Pensacola, which was hit by Maze ransomware in December.

On the group's website, the administrator of Maze's ransomware operations posted:

We are going to make a gift to City of Pensacola: we will not publish leaked private data, but we publish the list of leak data and hosts to proof [sic], that we did it, we really hacked City of Pensacola.

Just before Christmas, the Maze operators had posted 2GB of data from the city's systems, claiming it was only 10 percent of what had been stolen from systems before the attackers launched their ransomware attack. But the files were then removed, with only directory data, computer names, and IP addresses left on the site as proof of compromise. Based on the Maze site, 28 servers were hit by the attack.

Read 5 remaining paragraphs | Comments

Kim Dotcom Domain Dispute Settled, Next Up: Supreme Court Extradition Ruling

After falling into third-party hands, the main domain of Kim Dotcom’s K.im project has been returned following a settlement agreement. While this progress is being welcomed by the Megaupload founder, even more serious matters lie on the horizon. Will the New Zealand Supreme Court decide against extradition to the US? Dotcom predicts that while close, the judgment will not go in his favor.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

Kim Dotcom’s under-development file-sharing/crypto project K.im had problems recently when its main K.im domain fell into third-party hands.

As previously reported, communication issues with the registry led to the domain expiring and it was quickly snapped up by Kalin Karakehayov, an expired domain specialist.

Dotcom informed TF that the project’s lawyers filed a complaint with the domain registrar in the hope that the domain would be returned. Indeed, following a review process completed around two weeks ago, the .IM registry determined that since the registration by Karakehayov had been abusive, the domain should be transferred back to the K.im project.

On the day the decision was handed down, Karakehayov told TF that he intended to appeal. However, just two weeks later it now appears that peace has broken out.

“After getting to know the people behind k.im, we have agreed to a small, cost-covering settlement to save mutual legal expenses and downtime of their project,” Karakehayov told us via email.

“They were very fair in its implementation that due to time constraints was based on pure trust from both sides. We’re on good terms and I wish all the best for their project.”

With the domain now apparently back in the hands of the K.im project, TorrentFreak caught up with Kim Dotcom who informs us that he didn’t personally speak to Karakehayov but the end result is welcome.

“We are happy to have the domain back,” he says. “We are aiming to release K.im this year and I’m confident that millions of users will love it. We are changing how commerce is done on the Internet for the benefit of all. You can expect some whining from the established monopolies.”

While Dotcom is pleased that this latest roadblock has been overcome, the New Zealand-based entrepreneur has bigger issues to deal with. Specifically, a Supreme Court judgment that will decide whether he and his former Megaupload colleagues will be extradited to the United States to face copyright infringement, racketeering, and money laundering charges – not to mention the possibility of decades in prison.

The Supreme Court hearing took place in June 2019 after several lower courts had determined that Dotcom, Mathias Ortmann, Bram van der Kolk, and Finn Batato can be sent to the United States to face justice. The defendants are hoping that the Supreme Court will decide to the contrary.

Dotcom informs TorrentFreak that he doesn’t have a date for the judgment but he’s nevertheless looking forward to “dissecting the judgment with the best legal minds.” That being said, he isn’t optimistic that the decision will go in his favor.

“I expect a 3:2 majority in favor of extradition because three of the five judges were appointed by the National Party and the former Attorney General who was responsible for the actions taken against me in New Zealand. This is a political case and it will most likely be a political judgment,” he says.

“The law in New Zealand couldn’t be more favorable for me so the judgment will probably be a hack of the law for the history books.”

While another adverse ruling would represent a significant setback for Dotcom, he maintains that the battle against extradition is far from over.

“The process doesn’t end with this judgment (unless I win) and Crown Law suggested at the start of the hearing that we could be fighting for another seven years until any finality is achieved,” he concludes.

If that timeline of events plays out, it will have been 15 years since the shuttering of Megaupload and the raid on Dotcom, his twins born in 2012 will be almost ready to leave school, and at least two US presidents will have come and gone.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

Blizzard now claims full copyright for player-made “custom game” mods

New legal language would ensure total ownership of the next Dota.

If another game as big as <em>Dota 2</em> emerges from a mod of a Blizzard title, Blizzard wants to be sure it owns the rights completely.

Enlarge / If another game as big as Dota 2 emerges from a mod of a Blizzard title, Blizzard wants to be sure it owns the rights completely. (credit: Blizzard Entertainment)

As influential as Warcraft III was in the real-time strategy genre, the game's most enduring legacy might be as the basis for genre-defining, fan-made custom game spin-offs like Defense of the Ancients (aka Dota) and Auto Chess in its wake. Now, Blizzard is taking steps to ensure it retains complete ownership of any such custom games that originate from its titles in the future, including those that come out of Warcraft III's recently released Reforged update.

As noted by PC Gamer, a recent update to Blizzard's Acceptable Use Policy expands the legal rights that custom-game makers automatically assign to Blizzard (new language highlighted in bold; old language available on The Internet Archive).

Custom Games are and shall remain the sole and exclusive property of Blizzard. Without limiting the foregoing, you hereby assign to Blizzard all of your rights, title, and interest in and to all Custom Games, including but not limited to any copyrights in the content of any Custom Games.

Blizzard's claim on custom-game copyrights is important because, while it's hard to effectively copyright the basic concept of a game, you can copyright the original characters, art, and writing associated with the game itself. Blizzard learned this the hard way a decade ago, when Valve bought the Dota copyright from some of the modders who created it.

Read 6 remaining paragraphs | Comments

Bundesverwaltungsgericht: Linksunten bleibt verboten

Die linke Medienplattform linksunten.indymedia.org bleibt verboten. Das Bundesverwaltungsgericht hat eine entsprechende Klage gegen das Verbot als unbegründet abgewiesen. (Internet, Bundesregierung)

Die linke Medienplattform linksunten.indymedia.org bleibt verboten. Das Bundesverwaltungsgericht hat eine entsprechende Klage gegen das Verbot als unbegründet abgewiesen. (Internet, Bundesregierung)

Daily Deals (1-29-2020)

Walmart is selling a 10 inch Windows tablet with a detachable keyboard, a dual-core Intel processor, 4GB of memory and 32GB of storage for $70. It doubt it’s a very good Windows tablet. But here’s the thing — it comes with a 1-year su…

Walmart is selling a 10 inch Windows tablet with a detachable keyboard, a dual-core Intel processor, 4GB of memory and 32GB of storage for $70. It doubt it’s a very good Windows tablet. But here’s the thing — it comes with a 1-year subscription to Office 365 Personal. Normally that subscription alone would set you back […]

The post Daily Deals (1-29-2020) appeared first on Liliputing.