Atlas Angle

Tesla’s Turbulent Q2: Profit Margins Decline Amid Strategic Changes

24Jul

By Crypto GuyNo Comments

Movie Reviews

Tesla’s Turbulent Q2: Profit Margins Decline Amid Strategic Changes

Tesla's Turbulent Q2: Profit Margins Decline Amid Strategic Changes Tesla's profit margin hit a five-year low, missing Wall Street targets due to price cuts and higher AI spending. Despite plans for affordable models by 2025, competition led to fewer deliveries and an 8% drop in shares after hours. On Tuesday, Tesla reported its lowest profit margin in over five years and fell short of Wall Street earnings targets for the second quarter. This significant drop was largely due to the company's strategic decision to reduce vehicle prices in an effort to stimulate demand, alongside increased expenditure on artificial intelligence (AI) projects. Despite Tesla’s ambitious plans to launch new, more affordable vehicle models by the first half of 2025, the company acknowledged that these mode...

Shiba Inu crypto slumps 72% from its peak as of July 10, 2024 analysis.

11Jul

By Crypto GuyNo Comments

Top 10s

Shiba Inu crypto slumps 72% from its peak as of July 10, 2024 analysis.

Shiba Inu crypto slumps 72% from its peak as of July 10, 2024 analysis. After skyrocketing, Shiba Inu now faces a significant price correction. Join us as we discuss the future potential of SHIB. Shiba Inu (SHIB) Price Situation After surpassing previous lows, Shiba Inu surged from approximately $0.0000095 to $0.000045 in under two weeks. During this period, the second-largest meme coin by market cap soared by 390% in less than nine days, coinciding with record-high token burn rates. This surge coincided with increased liquidity flowing into memecoins. However, the rally eventually subsided, with Shiba Inu retracing to its established support zone near $0.000022. Despite initial buying interest, it proved inadequate to sustain Shiba's price above this level, resulting in continued dow...

11May

By Crypto GuyNo Comments

Movie Reviews

BRICS: Eroding the Dominance of the US Dollar

BRICS countries are challenging US dollar dominance in global finance, aiming for a more diverse monetary system. This shift reflects their growing economic influence and highlights vulnerabilities in the current dollar-centric system. In the realm of global economics, the landscape is undergoing a profound shift, driven by the concerted efforts of BRICS members China and Russia to challenge the traditional dominance of the US dollar. This strategic maneuvering marks a pivotal moment in the ongoing saga of economic power dynamics, with implications that reverberate far beyond the confines of international relations. At the heart of this transformation lies a fundamental reevaluation of the role of currencies in shaping the future of global trade and finance. The r...

11May

By Crypto GuyNo Comments

Top 10s

World dynamics are favoring gold over the USD in the ongoing debate.

The world's dynamics are now leaning towards favoring gold over the US dollar in the ongoing Gold versus USD debate. In contemporary times, gold has emerged as the dominant trendsetter, outpacing its peers in a race to combat concerns surrounding inflation. With its recent performance surpassing expectations, gold is currently trading at impressive price levels of $2,312, indicating a significant surge in demand. The global shift towards gold holds symbolic significance on multiple fronts. Amidst narratives dominated by conflicts, inflationary pressures, and economic uncertainties, the rally in gold prices to new highs reflects the growing appeal of this precious metal as a safe-haven asset. From major financial institutions to individual households, everyone is turning to gold as ...

9May

By Crypto GuyNo Comments

Movie Reviews, Technology, Top 10s

The culmination of the legal battle between two rival billionaire CEOs in the cryptocurrency world.

From facing 25 years of imprisonment to serving only four months: The culmination of the legal battle between two rival billionaire CEOs in the cryptocurrency world. Key Points: The lengthy feud between cryptocurrency giants reached its conclusion in federal court last week, with Binance founder Changpeng Zhao receiving a four-month prison term. This starkly contrasts with the 25-year sentence handed to FTX’s Sam Bankman-Fried. Despite both crypto leaders sharing a platform for years advocating decentralized digital currencies, the disparity in their sentences underscores their vast differences in business and personal conduct. In a federal courthouse in Seattle last Tuesday, the long-standing rivalry between former cryptocurrenc...

9May

By Crypto GuyNo Comments

Movie Reviews, Top 10s

Examining Apple’s Monumental $110 Billion Stock Buyback Initiative

Examining Apple’s Monumental $110 Billion Stock Buyback Initiative - A Watershed Moment in Corporate History Introduction: In a move that reverberated across financial markets, Apple Inc., the tech giant renowned for its innovation and market dominance, announced its groundbreaking $110 billion stock buyback plan, marking the largest such initiative in U.S. corporate history. This monumental decision signals a strategic shift in Apple’s capital allocation strategy and underscores its confidence in future growth prospects. Let’s delve into the intricacies of Apple’s historic buyback plan and its implications for shareholders, investors, and the broader market landscape. Understanding the Buyback Plan: Apple’s $110 billion stock buyback plan, unveiled alongside its ro...