Tesla News Summarizes Down Thanks to Nvidia

1. Tesla Asks Canada To Lower Tariffs On Chinese EVs
   Tesla has asked the Canadian government to lower tariffs on Chinese electric vehicles. Canada this week announced it would impose a 100% tariff, which will take effect on Oct. 1 and apply to all Chinese electric vehicles, including Tesla vehicles.
2. Tesla Launches Phase 2 Western Downs Project
   Tesla said the second phase of the Western Downs project is underway. The project will have 540 MW of power generation capacity and 1,080 MW of energy storage capacity, which will boost the stability of the grid and help it use renewable energy efficiently, propelling the modernization of Queensland’s power grid.
3. ARK Tesla Robotaxi Services Coming Soon With Data Advantage?
   “Tesla’s robo-taxi service could come closer than we expect. Tesla utilizes cameras and 200 million miles of driving data every day, which contrasts with Waymo’s LiDAR and pre-mapping pathway,” ARK said, raising expectations.
4. Starlink launches service in Botswana and Ghana
   Starlink has launched its service offerings in Botswana and Ghana. Starlink offers high-speed internet in 105 markets around the world and 15 countries in Africa.
5. Dan Ives: Nvidia Stock Fluctuations, No Worry
   Dan Ives said there was no need to worry about changes in the stock price after Nvidia’s earnings report. He called Nvidia’s performance a very positive sign of supporting the start of the AI revolution, given that demand for AI chips is surging.
6. NVIDIA Q2 Earnings Release: Revenue And EPS Beat Estimates
   NVIDIA reported second-quarter earnings, reporting revenue of $30.4 billion, beating estimates of $28.9 billion. It also reported earnings per share (EPS) of $0.68, beating estimates of $0.65, and announcing a $50 billion share buyback plan.