Battery sales keep Tesla profitable in Q2 as EV sales still slumped

Tesla’s status as a growth stock will require some explaining if this keeps up.

GOTHENBURG, SWEDEN - 2019/09/14: An American automotive and energy company that specialises in electric car manufacturing Tesla logo seen in Gothenburg.

Enlarge / Will investors care that Tesla's car sales and profit margins are shrinking, not growing? (credit: Karol Serewis/SOPA Images/LightRocket via Getty Images)

Tesla posted its second-quarter financial results ahead of an investor call this afternoon. Earlier this month, it released its Q2 2024 production and delivery numbers, which showed a 14.4 percent year-over-year reduction in the number of cars it built and a 4.8 percent reduction in sales compared to the same three months in 2023. Now, we can see the effect that a shrinking average sales price has had on the automaker's balance sheet.

Automotive revenues dropped a little more than deliveries, down 7 percent year-over-year to $19.9 billion—Tesla's price cuts since last year will have contributed to that. The good news for Tesla is that it doubled its sales of batteries and solar, deploying 9.4 GWh of batteries in Q2, which brought in $3 billion in revenue.

Lots more carbon credits

Tesla also saw a healthy increase in regulatory credits, where other automakers pay the company in order to count some of its EVs toward their own fleets. This exchange allows other companies to continue polluting rather than selling more efficient vehicles. The credits more than tripled compared to 2023—Tesla raked in $890 million in credits for Q2 2024.

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Alexa had “no profit timeline,” cost Amazon $25 billion in 4 years

WSJ report highlights vague metrics, internal struggles of Amazon Devices.

In this photo illustration, Echo Dot smart speaker with working Alexa with blue light ring seen displayed.

Enlarge (credit: Getty)

The Amazon business unit that focuses on Alexa-powered gadgets lost $25 billion between 2017 and 2021, The Wall Street Journal (WSJ) reported this week.

Amazon claims it has sold more than 500,000 Alexa devices, which included Echo speakers, Kindle readers, Fire TV sets and streaming devices, and Blink and Ring smart home security cameras. But since debuting, Alexa, like other voice assistants, has struggled to make money. In late 2022, Business Insider reported that Alexa was set to lose $10 billion that year.

WSJ said it got the $25 billion figure from "internal documents" and that it wasn’t able to determine the Devices business's losses before or after the shared time period.

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The first GPT-4-class AI model anyone can download has arrived: Llama 405B

“Open source AI is the path forward,” says Mark Zuckerberg, misusing the term.

A red llama in a blue desert illustration based on a photo.

Enlarge (credit: Benj Edwards / Getty Images)

In the AI world, there's a buzz in the air about a new AI language model released Tuesday by Meta: Llama 3.1 405B. The reason? It's potentially the first time anyone can download a GPT-4-class large language model (LLM) for free and run it on their own hardware. You'll still need some beefy hardware: Meta says it can run on a "single server node," which isn't desktop PC-grade equipment. But it's a provocative shot across the bow of "closed" AI model vendors such as OpenAI and Anthropic.

"Llama 3.1 405B is the first openly available model that rivals the top AI models when it comes to state-of-the-art capabilities in general knowledge, steerability, math, tool use, and multilingual translation," says Meta. Company CEO Mark Zuckerberg calls 405B "the first frontier-level open source AI model."

In the AI industry, "frontier model" is a term for an AI system designed to push the boundaries of current capabilities. In this case, Meta is positioning 405B among the likes of the industry's top AI models, such as OpenAI's GPT-4o, Claude's 3.5 Sonnet, and Google Gemini 1.5 Pro.

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EPA’s new power plant emissions rules survive first attempt to kill them

The EPA’s plan to cut carbon emissions from power plants can go ahead.

Cooling towers emitting steam, viewed from above.

Enlarge (credit: Bernhardt Lang)

On Friday, the US Court of Appeals for the DC Circuit denied a request to put a hold on recently formulated rules that would limit carbon emissions made by fossil fuel power plants. The request, made as part of a case that sees 25 states squaring off against the EPA, would have put the federal government's plan on hold while the case continued. Instead, the EPA will be allowed to continue the process of putting its rules into effect, and the larger case will be heard under an accelerated schedule.

Here we go again

The EPA's efforts to regulate carbon emissions from power plants go back all the way to the second Bush administration, when a group of states successfully sued the EPA to force it to regulate greenhouse gas emissions. This led to a formal endangerment finding regarding greenhouse gases during the Obama administration, something that remained unchallenged even during Donald Trump's term in office.

Obama did try to regulate emissions through something called the Clean Power Plan, but his second term came to an end before this plan had cleared court hurdles, allowing the Trump administration to formulate a replacement that did far less than the Clean Power Plan. This took place against a backdrop of accelerated displacement of coal by natural gas and renewables that had already surpassed the changes envisioned under the Clean Power Plan.

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Stealth Piracy App Evaded Apple Again? Just the Tip of the Evasion Iceberg

It recently emerged that yet another pirate movie streaming app managed to evade Apple’s stringent vetting process for more than a year. With incidents like this running in parallel with apps that are blatantly infringing, a new discussion paper asks what more can be done to prevent apps and app stores being used for infringing purposes. We also suggest a free tool to limit exposure to app-related risks.

From: TF, for the latest news on copyright battles, piracy and more.

apps-appstoresThe positions of Apple and Google are very clear when it comes to piracy app availability in their respective stores. Whether created for iOS or Android, they are not allowed. Period.

With the theory neatly wrapped up, reality tends to take over and at that point, the bright lines become a little blurred. Right now there are apps on the App Store and Google Play which offer TV schedule/EPG-type functionality out of the box, exactly as advertised. However, a tap here and an adjustment there reveals new functionality mentioned nowhere in official product descriptions.

Stealth Piracy

A report late last week revealed that an iOS app called “Collect Cards: Store Box” which claimed to manage photos and videos, had hidden its true potential away for more than a year.

This wolf in sheep’s clothing was reportedly a full-blown pirate streaming app offering content from Netflix, Disney+, Amazon Prime, HBO Max, even Apple TV+ according to the report. Such was the app’s success, it made it the top #2 slot on the App Store in Brazil; through the use of geo-blocking, users of the app in the United States weren’t shown the illegal features, which limited the chances of being quickly shut down.

Tactics like these aren’t new. Piracy functionality has been hidden inside puzzle games and Shazam-like audio recognition apps, on both the App Store and Google Play. The music industry has complained that apps that don’t make any real effort to hide have also been able to evade vetting.

Apps and App Stores Discussion Paper

These issues and more are addressed in a new discussion paper released this month. Titled Apps and App Stores, the paper is based on the work of the EU’s Intellectual Property Office Observatory’s Expert Group on Cooperation with Intermediaries. The paper doesn’t represent the official position of the EUIPO but does provide an interesting overview of piracy-related problems in connection with mobile apps.

Mainstream app stores have systems in place to screen apps and their updates. In part this is to prevent infringing apps from being offered to the public, but developers can employ various evasion techniques to undermine that.

Evasion Techniques

As well as disguising piracy apps as something more benign, malicious code and/or infringing functionality can be hidden from the review process using encryption or delays. Additional code can be installed after the initial review, or following a subsequent update.

The paper also touches on apps behaving differently depending on the region and by changing when an app is made available. The report says that developers have been observed “hiding the app from their account and subsequently on the app store during certain days of the week to avoid detection from right holders.”

Rather than using encryption or other techniques that provide an element of stealth, other apps are said to operate right out in the open by simply claiming to be a legitimate service.

“[S]ome apps, purportedly disguised in a false appearance of legality, dissociate themselves from the illegal sharing of protected content they support, which is the core of their activities. These apps have terms and conditions highlighting their neutral nature with regard to the content used through their services, which do not reflect on the reality of the service provided,” the paper explains.

“This may lead app stores to require additional information and proof of the illegal nature of the app from right holders before making a decision on whether to block or remove the app in question.”

Third-Party App Stores

From the perspective of the average user, iPhone and iPad devices running iOS are restricted to content available from their respective app stores. For Android users, however, the app landscape is much more open. It’s likely that most users will be satisfied with Google Play, but on Android it’s trivial to allow apps not obtained from the official store to be installed on a device.

As the ‘stealth’ app issue demonstrates only too well, app store review processes are not bulletproof. However, users who ‘sideload’ apps using alternative app stores, or even randomly from anywhere else on the internet, expose themselves to apps (APK) that in many cases undergo no review whatsoever. While that doesn’t automatically make these apps unsafe, there’s nothing in place to ensure the opposite either.

The discussion paper notes that software is available from official app stores that may be able to identify potentially malicious apps and alert users to prevent installation. The paper also cites an article published by TF in 2023 in which we offered some basic tips on how to use beginner-friendly tools to reduce exposure to malicious Android software.

Don’t Install Any Mobile App Before Testing It

When users are 100% confident that the source of the app they wish to sideload is safe, there is almost nothing anyone can do to convince them otherwise. Other users may be more on the fence; while they may generally trust the source, a little persuasion wouldn’t hurt.

If reassurance arrives in the form of a VirusTotal report which declares that dozens of security companies tested the app and found nothing wrong, that’s merely a good start. The reality is that these companies are looking for certain types of behavior that piracy-focused apps tend not to display.

Since the topic offers the opportunity, today we’d like to mention a single piece of software that’s extremely easy to use, doesn’t cost a penny, and provides enough information to allow even a beginner to make an informed choice.

MobSF: Free and Easy to Use

Mobile Security Framework (or simply ‘MobSF’) is an all-in-one application that scans Android and iOS apps and provides a detailed security/malware analysis. If one has an APK file to hand, it’s simply a case of dragging the file into MobSF and waiting for the analysis to finish. That’s the first step and also the last, other than reading the generated report.

Installation instructions are available in MobSF’s GitHub repo for both Linux and Windows users, and for those without either, MobSF provides a live demo accessible via a web browser.

After scanning the app, a generated report begins with three or four pages of straightforward information, a few pieces of which we’ve quickly edited together in the image below. Item 3 actually appears first in the report and amounts to an overall score out of 100. A total of 37 means that the streaming app we tested has pretty big issues.

mobsf-report

Item 2 provides basic information about the app including its name, filesize and hashes, while item 1 shows where the app had its most significant failings.

The reasons why the app failed are in the report and since even the most technical details receive a clear explanation, overall the report is pretty accessible, even if the exact terms aren’t immediately understood. More often that not, however, learning that an app can obtain the user’s GPS location, telephone number, contacts information, and for some reason has the ability to turn on the phone’s camera and microphone, is clear enough.

Even if very little is understood on the technical side, the report also supplies information about piracy apps unrelated to security, that most people never see but will definitely be intrigued to read.

For those already familiar with this type of report, MobSF also supports dynamic analysis with the assistance of an Android VM.

The discussion paper can be found here on the EUIPO website.

From: TF, for the latest news on copyright battles, piracy and more.

AOOSTAR launches a Ryzen 7 5825U version of the WTR Pro 4-bay NAS

The AOOSTAR WTR PRO is a small desktop computer designed to be used as a NAS (network attached storage device) thanks to support for up to four 3.5 inch hard drives. After introducing a model with an Intel N100 low-power processor earlier this year, AO…

The AOOSTAR WTR PRO is a small desktop computer designed to be used as a NAS (network attached storage device) thanks to support for up to four 3.5 inch hard drives. After introducing a model with an Intel N100 low-power processor earlier this year, AOOSTAR unveiled a higher-performance model with an AMD Ryzen 7 5825U chip in […]

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AT&T failed to test disastrous update that kicked all devices off network

AT&T caused outage that blocked 92 million calls, 25,000 attempts to reach 911.

A large AT&T logo seen on the outside of its corporate offices.

Enlarge (credit: Getty Images | AaronP/Bauer-Griffin)

A government investigation has revealed more detail on the impact and causes of a recent AT&T outage that happened immediately after a botched network update. The nationwide outage on February 22, 2024, blocked over 92 million phone calls, including over 25,000 attempts to reach 911.

As described in more detail later in this article, the FCC criticized AT&T for not following best practices, which dictate "that network changes must be thoroughly tested, reviewed, and approved" before implementation. It took over 12 hours for AT&T to fully restore service.

"All voice and 5G data services for AT&T wireless customers were unavailable, affecting more than 125 million devices, blocking more than 92 million voice calls, and preventing more than 25,000 calls to 911 call centers," the Federal Communications Commission said yesterday. The outage affected all 50 states as well as Washington, DC, Puerto Rico, and the US Virgin Islands.

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The Cruise Origin driverless pod is dead, GM tells investors

The driverless Origin is dead; instead, Cruise will use next-generation Bolt EVs.

a rendering of a Cruise Origin picking up passengers in the Castro district in San Francisco

Enlarge / As Cruise ramps up its robotaxi service, it won't be in these cool-looking driverless pods. (credit: Cruise)

The Cruise Origin was definitely the least conventional of all the myriad vehicles that General Motors planned to build using its new Ultium battery platform. For starters, it wasn't a pickup truck or SUV, unlike all the Ultium-based electric vehicles that have gone into production thus far. Instead, the Origin—meant for Cruise, GM's robotaxi startup—was a true driverless pod design, a box on wheels with the front and rear seats facing each other and no steering wheel at all. But now the Origin is dead, GM said in a letter to investors today.

We saw the Origin in person in January 2020 at a flashy reveal event that was light on the details. At the time, Cruise was targeting early 2022 to begin deploying Origins, a timeline that accounted for neither pandemic nor the difficulty in actually developing autonomous vehicles.

By early 2022, Cruise was ready to petition the National Highway Traffic Safety Administration, asking permission to begin using Origins on the road. But 2023 was a bad year for the autonomous vehicle company, which had its operations in California suspended after a Cruise robotaxi ran over and then dragged a pedestrian in San Francisco.

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Waymo is suing people who allegedly smashed and slashed its robotaxis

Driverless car service is getting aggressive against alleged vandals.

Waymo car is vandalized in San Francisco

Enlarge (credit: Tayfun Coskun/Anadolu via Getty Images)

The people of San Francisco haven’t always been kind to Waymo’s growing fleet of driverless taxis. The autonomous vehicles, which provide tens of thousands of rides each week, have been torched, stomped on, and verbally berated in recent months. Now Waymo is striking back—in the courts.

This month, the Silicon Valley company filed a pair of lawsuits, neither of which have been previously reported, that demand hundreds of thousands of dollars in damages from two alleged vandals. Waymo attorneys said in court papers that the alleged vandalism, which ruined dozens of tires and a tail end, are a significant threat to the company’s reputation. Riding in a vehicle in which the steering wheel swivels on its own can be scary enough. Having to worry about attackers allegedly targeting the rides could undermine Waymo’s ride-hailing business before it even gets past its earliest stage.

Waymo, which falls under the umbrella of Google parent Alphabet, operates a ride-hailing service in San Francisco, Phoenix, and Los Angeles that is comparable to Uber and Lyft except with sensors and software controlling the driving. While its cars haven’t contributed to any known deadly crashes, US regulators continue to probe their sometimes erratic driving. Waymo spokesperson Sandy Karp says the company always prioritizes safety and that the lawsuits reflect that strategy. She declined further comment for this story.

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Daily Deals (7-23-2024)

The MINISFORUM V3 is a 14 inch Windows tablet with a 2560 x 1600 pixel, 165 Hz display, an AMD Ryzen 7 8840U processor and a detachable keyboard. You can also use it as a portable monitor thanks to video input capabilities. When MINISFORUM first launc…

The MINISFORUM V3 is a 14 inch Windows tablet with a 2560 x 1600 pixel, 165 Hz display, an AMD Ryzen 7 8840U processor and a detachable keyboard. You can also use it as a portable monitor thanks to video input capabilities. When MINISFORUM first launched the tablet in May, a model with 32GB of […]

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