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Black said he cut his Tesla earnings estimate and price target to reflect the weekend EV price cuts in the U.S. and China.<br/><br/>The analyst estimates a revenue impact of $2.7 billion per year and 60 cents per share in earnings from price cuts across the world.

'Should Have Sold Our Entire $TSLA Position,' Says Fund Manager, Following EV Giant's Coordinated Global Price Cuts Over Weekend

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808

Tesla Cybertruck review - IT'S HERE!

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MrBeast

Ordering Water Then Tipping $30,000

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Peter Cohan, a Babson College associate professor of management practice, joins “Forbes Newsroom” to discuss Microsoft and Alphabet’s earnings results.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

Alphabet, Microsoft Surpass Q1 Expectations With Lift From AI

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MrBeast

I Uber’d People And Let Them Keep The Car

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MrBeast

$1 vs $100,000,000 Car!

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Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion. EPS was $1.89 versus estimates of $1.51. YouTube and Cloud revenues also beat estimates, with YouTube at over $8 billion and Cloud at over $9 billion. Google announced a $70 billion stock buyback program. Google stock jumped over 13% in after-hours trading on the strong results.

Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results

⏲ 0:35 👁 1.5M

More SypherPK

Guess the Fortnite Pro vs UNREAL Player!

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MrBeast

Would You Rather Have $100,000 OR This Mystery Key?

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The report comes on the heels of Tesla CEO Elon Musk‘s unannounced trip to China over the weekend, fueling speculation about FSD’s rollout in the country.<br/><br/>Why It Matters: During Tesla’s recent earnings call, Musk expressed his desire to launch FSD in new markets, including China, pending regulatory approval.

Did Elon Musk's Surprise China Mission Pay Off? Tesla Reportedly Inks FSD Deal With Internet Giant Baidu

⏲ 0:52 👁 700K

MrBeast

HOW MUCH MONEY DO YOUTUBERS MAKE?

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Di Lad

How Much Money MrBeast Makes in 2024 (Calculated)

⏲ 8 minutes 33 seconds 👁 721

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