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Yahoo
9 minutes ago
- Yahoo
A More Affordable EV Won't Save Tesla
Key Points Tesla fell 5% after hours on its second-quarter earnings report. Some investors saw production of a new, more affordable vehicle as a positive sign. The company launched its robotaxi network in June. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) issued another disappointing earnings report on Tuesday. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The leading electric vehicle (EV) maker finished the after-hours session down 5%, but the sell-off could have been worse. The company reported a decline in both sales and profit. Revenue was down 12% to $22.5 billion, and adjusted net income was down 23% to $1.39 billion, or $0.40 per share. Those numbers actually topped a muted revenue estimate at $22.13 billion, while the bottom-line consensus matched the results at $0.40. Tesla's problems have been well-documented at this point. CEO Elon Musk's turn in the political spotlight seemed to backfire after his relationship with President Donald Trump went sour. Due in part to Musk's involvement with politics, the brand has become unappealing in the eyes of some potential buyers, leading to a 16% decline in automotive revenue. Sales have plunged in Europe, and the company is losing ground to more affordable Chinese EVs. One seemingly bright spot Musk has a long history of overcoming weak results by telling investors what they want to hear on the earnings call, including making big promises about its robotaxi network and other initiatives in autonomy like its Optimus robot. He seemed to do that again on the latest earnings call, with some comments about the more affordable model he has long promised, which some have dubbed the Tesla Model 2. Musk said that the company started production of the vehicle in June and is ramping up production now. He added: "The goal with those products was not to negatively impact revenue or gross margin, but just to make a car that everyone loves and wants at a more affordable price." Musk has long argued that price competition was one of the biggest headwinds facing the company, but the brand crisis seems to have overshadowed that. By introducing its own lower-priced model, Tesla may end up cannibalizing its more expensive vehicles. Customers may be choosing between a more expensive Tesla and that lower-priced model, rather than another brand. The new vehicle is just a cheaper Model Y, rather than a brand-new vehicle model. The robotaxi initiative The biggest reason Tesla has maintained its premium valuation even as sales and profits have tumbled is that investors believe that Tesla's robotaxi network could go mainstream, fulfilling Musk's long-term vision. However, the robotaxi has gotten off to only a modest start after launching in June, and it seemed to get less attention on Tuesday's earnings call, though Musk reminded the audience: "As you can tell, autonomy is the story." Management said that robotaxis in Austin, Texas have topped 7,000 miles with no significant safety interventions. The company is aiming to launch the robotaxi in the San Francisco Bay Area next. Tesla needs growth in its core business Investors have bid up Tesla stock on hopes for its initiatives in robotaxis and more affordable vehicles, but the company needs to return to growth in selling EVs for the stock to be successful over the long term. The decline in EV sales is a reflection of a backlash against Tesla's brand. The company is also expected to struggle over the next few quarters due to the elimination of the EV tax credit and a change in other federal policies that supported EV adoption. The company also faces a $300 million effect from tariffs. Tesla could get back on track, especially if the robotaxi network takes off. But the current valuation in the stock leaves little room for upside if it does, especially given the persistent challenges in EV sales. While a more affordable vehicle might be a step in the right direction, it seems more likely to undercut demand for Tesla's more expensive vehicles, rather than competing with alternatives. Should you buy stock in Tesla right now? The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. A More Affordable EV Won't Save Tesla was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Android Authority
11 minutes ago
- Android Authority
Google says it's working to fix voice commands for your smart lights
Lil Katz / Android Authority TL;DR Google has acknowledged a bug affecting voice commands for smart lights. The company says it is aware of the issue and will share an update soon. Many users say they can still control lights via the Google Home app, but not through Assistant voice commands. Google has confirmed it's investigating a bug preventing users from controlling their smart lights through Google Assistant voice commands. We first reported on the issue over the weekend, as user complaints have continued to pile up on Reddit and Google's support forums in recent days. Android Authority's Rita El Khoury also experienced the problem firsthand, noting that her Nest Audio speaker stopped responding to voice commands to turn off the lights. In a comment posted on Reddit, the official Google Nest account has now addressed the problem: We're aware of an issue with using voice commands to control some lights. We'll share an update as soon as possible, thanks for your patience. While Google hasn't provided a timeline for a fix, it's clear the issue is more than a small glitch. Affected users report various problems, including Google not recognizing light groups, turning off the wrong lights, or responding with silence when given commands like 'Hey Google, turn off the lights.' Most users say the lights can still be controlled via the Google Home app, suggesting that the issue lies specifically with Assistant voice functionality. Some users have found workarounds, such as syncing devices again or removing and re-adding their lighting services, but results vary. 'I had this problem too. I saw someone else post a fix earlier today (Google must have done something that messed things up). You just need to reconnect the service you use for your lights. Go to Google Home app, click the + button to add a new device. Go to the works with Google section and reconnect any of the services you use for the lights. That should work… Maybe,' a user noted on Reddit. However, this may not be an easy fix for those who have multiple lights connected throughout their home. The bug comes at a difficult time for Google's smart home ecosystem, which has been under increased scrutiny from users citing reliability issues. Google has also promised major improvements to the platform in the fall. Until then, users will have to wait for an official fix for this particular problem related to voice commands for connected lights or rely on manual controls as a workaround.
Yahoo
40 minutes ago
- Yahoo
Automate Unveils Push PRO: The Smartest Remote Control for Your Shades
STAMFORD, Conn., July 27, 2025 /PRNewswire/ -- Automate, a leader in smart shading solutions, proudly announces the launch of Push PRO, its first smart remote for shades with built in offline automation. Push PRO delivers a seamless and intuitive way to control motorized shades, offering advanced automation features without requiring an internet connection. As energy costs rise, homeowners are looking for smarter ways to manage heat and light. Push PRO's automated scheduling helps reduce energy consumption, making homes more efficient without relying on Wi-Fi or apps. The personalized naming functionality eliminates the guesswork by enabling users to assign specific names to individual shades or groups, ensuring a more intuitive and efficient control experience. With over 60% of homeowners now integrating smart home tech, Push PRO is designed to seamlessly fit into modern smart homes, providing a convenient and efficient way to manage shading solutions. "Consumers want simplicity without sacrificing smart features. Push PRO is a leap forward-giving users' ultimate control over their shades while staying completely offline. This is the future of smart shading," said Jonny Matuichuk Senior Product Manager, Automate at Rollease Acmeda. "With features like personalized shade naming, offline scheduling, and installer-friendly setup, Push PRO is designed to enhance both user convenience and professional installation efficiency." Push PRO's on-screen prompts simplify setup, guiding users through configuration with ease. Users can adjust shade modes including motor speed and favorite positioning, with just a few taps. Additionally, Installer Mode provides professionals with the ability to pair shades, set limits, and lock settings before completing the handover. Designed for optimal visibility and accessibility, the 2.4-inch LCD display features an optional dark mode and smart wake function for instant access, helping with readability any time of day when backlit. Push PRO is powered by a long-lasting rechargeable battery, delivering up to six months of use on a single charge, with a fast USB-C recharge in just two hours. Push PRO is also the perfect master remote for the home, allowing users to conveniently control multiple shades across the entire home. For more precise, room-based control, it can be complemented with Automate Push series' single-channel or five-channel remotes, enabling users to manage individual shades when needed while maintaining overall home automation. With its sleek design, powerful automation features, and intuitive user experience, Push PRO completes the Automate Push Series, providing a tailored solution for every shade control need. Push PRO is now available through authorized Automate retailers and partners. For more information, visit About Rollease Acmeda Rollease Acmeda innovates, designs and manufactures window covering hardware systems and specialty fabrics for manual and automated shade solutions used in both commercial and residential applications. We have a global team of close to 300 associates, with eight distribution facilities across the United States, Mexico, Australia, and New Zealand, shipping to dozens of countries worldwide. Our brands include Automate smart shading solutions, Zipscreen outdoor shades, Texstyle specialty fabrics, and Rollease Acmeda indoor and outdoor hardware systems and solutions. About JM Family Enterprises JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with $22.8 billion in revenue and more than 5,000 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services, franchising and specialty distribution industries. Its family of companies includes: Southeast Toyota Distributors, JM&A Group, World Omni Financial Corp. (dba Southeast Toyota Finance), JM Lexus, Home Franchise Concepts®, Futura Title & Escrow and Rollease Acmeda. Interact with JM Family on Facebook, Instagram and LinkedIn. View original content to download multimedia: SOURCE Rollease Acmeda Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
