Brought to you by:
Top stories today:
- TikTok ban, $95B foreign aid passes in Senate by 79-18
- Tesla's net income -55% to $1.1B, as Elon promises cheaper car, robotaxis
- Ray-Ban Meta Smart Glasses add multimodal AI, new designs
- Perplexity raises $63M at $1.04B valuation
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. TikTok ban, $95B foreign aid passes in Senate by 79-18, as Biden says he will sign it today
Similar margin as in the House, where the TikTok ban, $61B in Ukraine aid, $26B in Israel/Gaza aid, and $8B in Indo-Pacific aid was voted on separately.
360 days for ByteDance to divest TikTok, or else face a ban. (90 days of which are subject to a presidential waiver.)
Sanctions on Iran's oil sector were also included in the bill.
2. Tesla's revenue -13% to $17.4B, net income -55% to $1.1B, as Elon promises cheaper car, robotaxis
As soon as this year, from late-2025 previously: goal to start production of cheaper car.
Comes after media reports that Tesla was canceling the project, which highlights that reported rumors are not necessarily true.
Late 2024: Tesla's Optimus robot to start performing āuseful tasks,ā said Elon.
Tesla also previewed its robotaxi ride-hailing app, promised for Aug. 8
Roborock has taken the No.1 spot for robotic vacuum sales worldwide
The new S8MaxV Ultra will be ātotally Hands-freeā with its 100% corner-to-edge cleaning capability and the 8-in-1 RockDock Ultra.
On-sale: a.Buy one get one Roborock Flexi Lite for free / b. 5-year warranty / c. Get up to $900 cashback when you trade in your Roborock Vacuum / d. Available from April.22 to 28 / e. Also available on Amazon.
*Sponsored.
