Microsoft reported a decline in earnings for the last quarter, with revenue reaching $52.7 billion, a 2% increase from the previous year. However, net income fell 12% to $16.4 billion, marking the company's lowest revenue growth* since June 2016. Demand for Windows operating-system software has fallen with sales of the personal computers that use it. Households, companies, and governments that bought computers during the pandemic are scaling back.
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Tesla eyes $3.6 billion factory expansion. Tesla announced plans to expand its lithium-ion battery and electric-vehicle-component facilities with a $3.6 billion investment. The expansion is expected to create 3,000 new jobs and will include the mass production of its semi-trailer truck and the production of enough batteries for two million* passenger vehicles annually.
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