The US and China have increased their communications, stabilizing tensions over Taiwan. However, according to Eurasia Group's Ian Bremmer, this does not necessarily mean they trust each other more. The two nations still disagree on key issues, including trade, tech, and geopolitics.

Source: https://www.businessinsider.com/

Tesla's Q1 earnings call saw Elon Musk announce cheaper models, sending stock soaring. The company reported $10.4 billion in revenue, with a net income of $438 million. Musk hinted at more affordable options, sparking investor excitement.

Source: https://www.businessinsider.com/

Spotify CEO Daniel Ek admitted that the company underestimated the impact of laying off 1,500 people in December. The layoffs were part of a larger restructuring effort that saw 2,300 jobs cut over three rounds. Ek stated that it took time for the company to adjust to the changes.

Source: https://www.businessinsider.com/

Baltimore officials blame the Francis Scott Key Bridge's collapse on the Dali's owner and manager, citing the ship's departure despite alarm warnings and crew's failure to follow local navigation rules and lack of training.

Source: https://www.businessinsider.com/

Tesla CEO Elon Musk told investors that the company's Optimus robots are its most valuable asset, suggesting that Tesla should be viewed as an AI or robotics company rather than just an auto manufacturer.

Source: https://www.businessinsider.com/

Tesla reported a decline in revenue for the first quarter, despite strong brand loyalty from customers. The company's revenue dropped, but details on the exact figures were not provided. The news comes from a Tuesday earnings call.

Source: https://www.businessinsider.com/

The US Senate passed a bill as part of a foreign aid package, requiring ByteDance to sell TikTok within 270 days. The bill awaits President Biden's signature. This move follows a failed attempt by Trump to ban TikTok via executive order, which was struck down by the courts.

Source: https://www.businessinsider.com/

Oracle's CEO Larry Ellison announced the company's plan to relocate its headquarters from Austin, Texas to Nashville, Tennessee. The move aims to be closer to the healthcare sector, following the company's previous relocation from Silicon Valley in 2020.

Source: https://www.businessinsider.com/

Celebrity photographer Annie Leibovitz bought her 65-acre California farm estate in 2019 for $7.5 million. She has now listed the property, featuring a 7-horse barn and recording studio, for $8.995 million. The estate is located near the Bolinas Lagoon.

Source: https://www.businessinsider.com/

Tesla blames declining electric vehicle sales on the popularity of hybrid cars, which have become a cheaper alternative for environmentally conscious buyers. No specific sales figures or locations are mentioned in the article.

Source: https://www.businessinsider.com/