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With competition closing in, can Tesla turn a corner in ‘23?

By Liam Gibson Wealth of Geeks Stung by a string of untimely supply-side snafus and hampered by a sustained bear market, Tesla closed out 2022 with a year-to-date loss of around 65%. As the new year dawns, investors struggle to see what’s around the corner for the beleaguered EV juggernaut. Hailed as the new darling of Wall Street during the pandemic, Tesla joined Meta and Amazon as one of big tech’s biggest losers in 2022. After crossing into the trillion-dollar club in 2021, it has seen its market cap crumble to under $ 400 billion over the past year. The precipitous ...

BSN and Turck US form collaboration to offer Turnkey RFID Item-Level Tracking

Newswire.com DENVER — As a key supplier of RFID labels to retail brands and stores, BSN will tap into the innovative RFID Gate Systems offered by Turck. Mounted over a warehouse dock door or other opening, items going through the gate are captured and recorded simultaneously into a customer’s ERP system or a Cloud server. RFID labels, currently used for item visibility within the store, can be used to provide reports throughout the supply chain. It would simply require the installation of a turnkey RFID infrastructure in the warehouse and distribution centers. “We knew that ...

New coffeehouse opens in Richfield

RICHFIELD — When Jaysen Sheeler broached the subject of opening a coffee shop in the old Geisinger medical office in Richfield, his father, Brian, wasn’t crazy about the idea. Brian didn’t want to shatter the teenager’s dream but offered a scenario that seemed unlikely. “It was a ...

Tesla cuts vehicle prices in bid to boost demand

The Associated Press DETROIT — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest. The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit, which will be available through March. Tesla also reduced the base price of the Model 3, its least ...

US inflation eases grip, falling for a 6th month

WASHINGTON (AP) — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier, the government said Thursday. It was the sixth straight year-over-year slowdown, down from 7.1% in November. On a monthly basis, prices actually slipped 0.1% from November to December, the first such drop since May 2020. The softer readings add to growing signs that the worst ...

California latest to sue drug companies over insulin prices

SACRAMENTO, Calif. (AP) — California on Thursday announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars to some diabetics who state officials say were overcharged for the medicine they must have to survive. The lawsuit, to be filed in Los Angeles County Superior Court by Attorney General Rob Bonta, is the latest in a parade of legal actions against these companies from states across the political spectrum — all who have accused the ...