Fremont, Calif.
Coverage of Fremont, Calif. in the Nexus archive.
- Bicyclist killed after being hit by car
A bicyclist was killed after being struck by a car on Auto Mall Parkway in Fremont, Calif. The incident occurred around 4:30 p.m. when police responded to a major injury collision involving a man riding an electric bike.
- TD SYNNEX: Fiscal Q2 Earnings Snapshot
TD SYNNEX Corporation reported fiscal Q2 earnings of $334.1 million with adjusted earnings of $4.85 per share, surpassing Wall Street expectations. The company also exceeded revenue forecasts with $19.57 billion and provided guidance for the next quarter, projecting $4.25 to $4.75 per share earnings and $18.2 billion to $19 billion in revenue.
- Tesla earnings rise, but AI expenses add up for Elon Musk
Tesla reported a 16% year-over-year revenue increase to $22.4 billion in Q1 and a 17% rise in net income to $477 million, but operating expenses surged 37% to $3.78 billion, cutting operating margins to 4.2%. CEO Elon Musk is prioritizing AI-driven projects like the Optimus robot, Cybercab, and AI chips, with plans to shift production away from the Model S, Model X, and eventually the Model Y. Tesla anticipates major capital expenditures and partnerships, including a 'largest chip fab ever' with SpaceX.