Cerebras CEO says margin forecast was misunderstood as stock plummets

Cerebras Systems CEO Andrew Feldman said Wednesday that investors “misunderstood” the artificial intelligence chipmaker’s margin guidance, as shares slid 17% after the company reported results for the first time since going public. Analysts at Mizuho and Wedbush raised their estimates following Cerebras’ earnings call. But the company forecast a narrower gross margin in its core…

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NTSB launches probe into fatal Texas Tesla crash

The National Transportation Safety Board has opened An investigation into a crash in Texas over the weekend in which a driver crashed into a home in Katy, Texas, killing one resident. The family of that victim, 76-year-old Martha Avila, has also filed a lawsuit against driver Michael Butler and Tesla, alleging negligence. The NTSB has…

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$25,000 bare-bones EV pickup truck will be profitable

LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000. Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder…

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