Morning Beat: Tesla Motors Inc (TSLA), Verizon Communications Inc. (VZ), and Microsoft Corporation (MSFT)
Tesla Motors Inc (NASDAQ:TSLA)’s new electric car Model 3 continues to send shock waves across the auto industry, having clocked, 400,000 pre-orders. General Motors Company (NYSE:GM) should feel the most pressure, its Chevy Bolt having battered on popularity.
The fact the new car aims at the more mainstream consumers yet boasting of high-end features should be a point of concern for General Motors. The Detroit-based automaker has just passed the 100,000 mark on shipments with its plug-in car yet it started shipments in December of 2010. Model 3 may be the car to take Tesla to profitability if the hype behind it is anything to go by.
Verizon Communications Inc. (NYSE:VZ) is offering up to 2GB of free data on using Google Pay in stores. Customers will get 1GB on using the payment system once with second GB coming into play on using the payment system a third time.
Verizon Communications Inc. (NYSE:VZ)’s promotion is only opened to postpaid customers on Verizon Plan or the MORE Everything Plan. The offer is open until June 14 and customers will have to redeem any data awarded by July 13.
Alphabet Inc (NASDAQ:GOOGL) should experience an uptick in the number of people using Google Pay given that free data is always useful.
Microsoft Corporation(NASDAQ:MSFT) is the latest tech company to take the US government to court over a federal law that gives authorities rights to examine its customer’s data. The tech giant on its lawsuit alleges that Department of Justice continues to abuse the 1986 Electronic Communications Privacy Act.
The act allows authorities to pursue court orders in case they need companies to turn in customer data stored on their servers. The law has been the subject of outrage in the tech industry on concerns authorities are using it to infringe on people’s privacy.
A representative to the DOJ says they are reviewing Microsoft Corporation (NASDAQ:MSFT)’s lawsuit, which was filed on Thursday at a Seattle Federal Court.
All iOS devices costing more than £500 according to Apple Inc. (NASDAQ:AAPL) come with a lifespan of three years. Mac computers, on the other hand, have a lifespan of four years according to the tech giant. The assessment however does not take into consideration the recycling of devices, reconditioning, or resale.
Apple Inc. (NASDAQ:AAPL) made the remarks as part of its new environmental push that seeks to clamp down on greenhouse gas lifecycle. The sentiments come even as the iPhone maker continues to face criticism that it intentionally slows older devices on releasing new models. Amidst the criticism, there has been no evidence that the company does indeed slow devices.
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