Consumer Discretionary

Etsy (NASDAQ:ETSY) Q2 Earnings Drops While Revenue Rises; Q3 Guidance Set

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Etsy (NASDAQ:ETSY) reported Q2 net income of $0.45 per diluted share, down from $0.51 a year earlier. Analysts surveyed by Capital IQ expected $0.43. Revenue for the quarter ended June 30 was $628.9 million, up from $585.1 million a year earlier. Analysts polled by Capital IQ expected $617.4 million. As of June 30, 2023, the company’s marketplace of active sellers and active buyers stood at 8.3 million, up 12.3%, and 96.3 million, up 2.5%, respectively. The e-commerce company said it expects Q3 revenue in the range of $610 million to $645 million. Analysts polled by Capital IQ are expecting $631 million.

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Elon Musk Says Tesla (NASDAQ:TSLA) Close To Completing ‘FSD AI Puzzle’

/ / Consumer Discretionary /

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk announced Tesla is nearing completion of its Full Self-Driving (FSD) AI technology, Electrek reports. Musk took to X, earlier known as Twitter, to reveal that the firm is working on the vehicle control of the FSD AI technology, which he described as the “final piece of the Tesla FSD AI puzzle.” “Vehicle control is the final piece of the Tesla FSD AI puzzle. That will drop >300k lines of C++ control code by ~2 orders of magnitude. It is training as I write this. Our progress is currently training compute constrained, not engineer constrained,” he tweeted.

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