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Tesla stock drops 3% after Q3 deliveries fall short of estimates

Tesla's third-quarter 2024 deliveries came in slightly below expectations, with 462,890 vehicles delivered, compared to the forecast of 463,897. This still marked a 6.4% growth from the previous quarter. Tesla's stock dropped 3% after the report. The majority of deliveries were from the Model 3 and Model Y. While Tesla has seen recent growth, it faces competition in China and tighter profit margins due to price cuts. The upcoming Robotaxi event on October 10 is expected to be a key moment for Tesla’s future in AI and autonomous driving.

India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally

India has emerged as one of the best global markets for long-term investment, fueled by its economic growth, increasing consumer base, and improving infrastructure. Investors are optimistic due to the country’s structural reforms, strong governance, and vibrant market opportunities. Sectors like technology, consumer goods, and financial services are particularly promising, making India a crucial part of global portfolios. The country’s expanding middle class and tech advancements are expected to continue driving economic growth, offering significant long-term returns for investors.

OpenAI raises $6.6B and is now valued at $157B

OpenAI has raised a record-breaking $6.6 billion in its latest funding round, valuing the company at $157 billion. Led by Thrive Capital, with investments from Microsoft, Nvidia, SoftBank, and others, this round boosts OpenAI’s total funding to $17.9 billion. The funds will support the development of AI systems, expand compute capacity, and bolster AI research efforts. OpenAI’s rapid expansion, including popular products like ChatGPT, has driven operational costs, prompting the massive capital raise to sustain its AI ambitions.

Who Won The 'Minnesota Nice' US Vice Presidential Debate? Analysts Say...

In a debate between Democratic Vice Presidential candidate Tim Walz and Republican JD Vance, the two candidates maintained a respectful and policy-driven discussion, differing from the intense and personal attacks of the presidential debates. However, the conversation heated up when Vance was questioned about Donald Trump’s loss in the 2020 election, which he evaded. Walz pressed him on the issue, pointing out Vance’s reluctance to acknowledge the election results, leading to the most intense moment of the debate.

Movie News

"Keep My Name Out Of Political Battles": Samantha To Telangana Minister

Samantha Ruth Prabhu responded to Telangana minister Konda Surekha’s comments about her divorce with Naga Chaitanya, asking the minister to respect her privacy and avoid speculating about her personal life. Samantha clarified that her divorce was by mutual consent and had no political involvement. She urged the minister to avoid dragging her into political disputes. Naga Chaitanya’s father, Nagarjuna, also condemned the minister’s remarks, calling them irrelevant and false, while asking for a retraction.

‘Ridiculous And Shameful’ Naga Chaitanya Reacts

Naga Chaitanya responded to Telangana minister Konda Surekha’s claims about his divorce, calling them "ridiculous and shameful." He emphasized that his and Samantha's divorce was a painful, mutual decision made with deep thought, and he has remained silent out of respect for his ex-wife. Chaitanya condemned the baseless rumors surrounding their separation and criticized those using personal matters for political gain, urging them to stop such actions. Both Samantha and Chaitanya expressed dismay over the minister's comments.

HIT 3: Nani hugely upset with the leaks

Nani, currently filming HIT 3 in Vizag, is upset after on-set visuals were leaked online. The leaked footage revealed key details about the cast, including a popular heroine. Following this, Nani has ordered tighter security and requested his team to be extra vigilant. He is also producing the film, which is directed by Sailesh Kolanu.

When Mahesh Babu's big-scale movie became a medium one

Director Sreenu Vaitla revealed that Aagadu (2014) was initially meant to be a larger-scale project, with a different story narrated to Mahesh Babu. However, due to financial setbacks faced by the producers, the film's scale had to be reduced. Vaitla also noted that Mahesh Babu's fans had pushed for an all-out mass film, a genre he wasn't as familiar with, which made the process challenging. The screenplay was co-written by Anil Ravipudi, Upendra Madhav, Praveen Varma, and Vaitla himself.

Theatre Releases

Source: Filmibeat