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Elon Musk talked more about his plans for a ride-sharing service for Tesla self-driving cars, which he says will 'obviously' rival Uber and Lyft

Elon Musk on Wednesday said that Tesla is "obviously" making moves for its own rideshare service that would compete with companies like Uber and Lyft. Musk says the service should launch by the end of 2019. It will let customers loan out their cars to users, as well as include a fleet of self-driving cars that can pick up passengers. The comments were made when Musk was sharing updates on Tesla's third-quarter earnings, which showed a surprising profit.

Elon Musk again hinted at an upcoming rideshare program Tesla is developing that would mix two hot trends in the automotive industry: ride-hailing services and self-driving cars.

Tesla


Nerf just teased a $50 toy gun coming out in 2019 that's a real-life version of one from 'Fortnite'

The game studio behind "Fortnite," Epic Games, is teaming up with Nerf to make "Fortnite"-themed Nerf guns. Nerf teased the partnership on its Instagram, where it showed off one of the guns — an AR-L from "Fortnite."  The toy will be available in June 2019, and will cost $49.99. 

If playing on nearly every game console wasn't enough, you'll soon be able to play "Fortnite" in real life — sort of. 

Nerf just announced the release of a toy gun straight from the "Battle Royale" game: the AR-L Blaster, which is based on the in-game weapon and will cost $49.99. The toy will be released in June 2019, according to IGN.


China has responded to a report that Trump's personal iPhone has been tapped: 'You can change to Huawei phones' (AAPL)

President Trump likes to tweet and make calls from a personal iPhone. Apparently, China and Russia are listening to his calls, the New York Times reported. A Chinese spokesperson said "if there are concerns about Apple calls being listened-in on, then you can change to Huawei phones," which are not sold in the United States and have been accused of being Chinese spying devices. 

President Trump hasn't given up his personal cell phone, unlike previous presidents, according to a report in the New York Times

Security officials wish he would use an official, secured White House landline — instead of his personal iPhones — to call up his friends and associates.

Why? It's because China and Russia are listening in on his calls,


Elon Musk revealed that he's approved the Model Y SUV prototype for production — but it's not the upcoming Tesla vehicle he's most excited about (TSLA)

Tesla CEO Elon Musk said on Wednesday that he had approved the prototype of the Model Y crossover SUV to go into production. During the automaker's third-quarter earnings call, Musk said the Model Y would begin volume production in 2020. Musk also said on Wednesday that, among Tesla's upcoming vehicles, he is most excited about its pickup truck.

 

Tesla CEO Elon Musk said on Wednesday that he had approved the prototype of the Model Y crossover SUV to go into production and revealed which upcoming Tesla vehicle he is most excited about.


What you need to know in advertising today
Posted October 25, 2018 0:0 AM
What you need to know in advertising today

Snap, the parent company of messaging app Snapchat, has brought on two new executives from Amazon and The Huffington Post following the departure of its chief strategy officer.

The company hired Amazon's head of global advertising sales Jeremi Gorman to be its chief business officer, responsible for the company's "global business solutions, global online sales, customer operations, and business marketing," CEO Evan Spiegel said in an email to employees on Wednesday shared with Business Insider by a spokesperson. 

And former The Huffington Post CEO Jared Grusd is joining as chief strategy officer, looking after "content, global strategy, partnerships, and corporate development."

Click here to read Evan Spiegel's full email to employees.

In other news:


'Tesla may have crossed the line to become self-funding': Here's what Wall Street is saying about Tesla's surprise profit (TSLA)

Tesla on Wednesday posted a surprise third-quarter profit thanks to strong revenue generated by its Model 3 sedan. 

The electric-car maker earned $2.90 a share, well above the $0.15 loss per share expected by Wall Street analysts. It generated $6.8 billion in sales, beating the $6.3 billion that was anticipated.

The Model 3 sedan was a huge driver for the quarter.

"Q3 2018 was a truly historic quarter for Tesla," 


Microsoft is gaining ground after earnings (MSFT)
Posted October 25, 2018 0:30 AM
Microsoft is gaining ground after earnings (MSFT)

Microsoft beat on both the top and bottom lines. The tech giant said sales growth at its Azure cloud-computing unit slowed. Shares were up more than 3% following the results. Watch Microsoft trade live here.

Microsoft was gaining ground ahead of Thursday's opening bell after reporting fiscal first-quarter results that topped Wall Street estimates but included a slowdown in revenue growth from its cloud-computing unit.

Shares were up more than 3% early Thursday after the tech giant said it earned $1.14 a share on revenue of $29.1 billion, beating both the $0.95 and $27.92 billion that analysts surveyed by Bloomberg were anticipating.


Tesla is set for huge gains after crushing earnings (TSLA)

Tesla reported a surprise third-quarter profit on Wednesday. The electric-car maker said the Model 3 sedan was the "best-selling car in the US in terms of revenue." Tesla shares were up more than 10% ahead of Thursday's opening bell. Watch Tesla trade live here.


After 30 hours with 'Red Dead Redemption 2,' I'm convinced it's a game everyone should play

The biggest game of 2018 — a long-anticipated sequel from Rockstar Games, the folks behind "Grand Theft Auto" — is a surprisingly downbeat, maudlin affair. 

On its surface, "Red Dead Redemption 2" is a cowboy game about six-shooters, robberies, and living outside the law. It's a Western-styled shooting game with a big open world. The game's advertising tagline says it all: "Outlaws for life."

After spending around 30 hours exploring Rockstar's fictionalized 1899 America, I found a gorgeous, deep, surprisingly slow-paced experience that focuses on one man's journey of self-realization.

"Outlaws for life" sounds like a battle cry, but — in "Red Dead Redemption 2" — it's actually a desperate attempt to hold together a lifestyle that's rapidly becoming untenable.


Here come Twitter's earnings... (TWTR)
Posted October 25, 2018 0:59 AM
Here come Twitter's earnings... (TWTR)

Twitter will report its third-quarter earnings at 7 a.m. EDT, before the opening bell. Follow Twitter's share price in real-time here.

Twitter is set to report its third-quarter earnings at 7 a.m. EDT on Thursday, before the opening bell.

Here's what analysts are expecting:

Adjusted earnings: $0.14 per share Revenue: $702.57 million

All eyes will be on Twitter's user growth, or lack thereof. The firm reported a decline in monthly active users last quarter (down from 336 million to 335 million), and that trend will almost certainly continue in Q3.