The company also said Tuesday that it is relaxing its policy for cause-based ads in the U.S., which are ads that call for people to take action, educate and raise awareness in connection with the following categories: civic engagement, economic growth, environmental stewardship or social-equity causes.
Tesla Stock Falls 12%, Posting Worst Drop in Over Two Years
Tesla Inc. shares fell sharply on the first day of 2023 trading after the electric-vehicle maker posted disappointing fourth-quarter delivery figures, fueling demand concerns and keeping pressure on a stock that is fresh off its worst-ever annual performance.
Tesla stock closed down 12% on Tuesday at $108.10. The drop was its largest in more than two years, with shares closing at their lowest level since Aug. 13, 2020. Tesla's shares fell 65% last year, and the company has now lost more than $950 billion in value since the stock hit a peak in November 2021.
Microsoft Workers to Form Company's First Union in the U.S.
A group of Microsoft Corp. employees has voted to form the software company's first labor union in the U.S., marking the latest example of workers from top tech companies organizing in recent years.
The group comprises about 300 quality-assurance testers in Microsoft's ZeniMax unit, the Communications Workers of America, which is representing it, said on Tuesday. Just a handful of U.S.-based unions exist in the videogame industry.
Apple's Market Cap Slides Below $2 Trillion for the First Time Since 2021
Oh, how the apple has fallen. Apple stock, that is.
For years, Apple stock lived in a world that seemed to deny Newtonian physics-it simply defied gravity. No longer. The shares closed with a market capitalization of less than $2 trillion for the first time since March 8, 2021, according to Dow Jones Market Data.
Write to singaporeeditors@dowjones.com
Expected Major Events for Wednesday
00:01/UK: Dec Shop Price Index
07:00/GER: Nov Foreign trade price indices
07:00/ROM: Nov PPI
07:30/SWI: Dec CPI
07:45/FRA: Dec Provisional CPI
07:45/FRA: Dec Consumer confidence survey
08:15/SPN: Dec Spain Services PMI
08:45/ITA: Dec Italy Services PMI
08:50/FRA: Dec France Services PMI
08:55/GER: Dec Germany Services PMI
09:00/EU: Dec Eurozone Services PMI
09:30/UK: Nov Money and Credit - Lending to Individuals, Lending to Businesses, Broad Money and Credit
09:30/UK: Nov Monetary & Financial Statistics
09:30/UK: Nov Bank of England effective interest rates
10:00/CYP: Dec Registered Unemployed
16:59/POL: Polish interest rate decision
All times in GMT. Powered by Onclusive and Dow Jones.
Write to us at newsletters@dowjones.com
We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-04-23 0016ET
