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$TSLA said throughout the rest of 2016, automotive gross margin should continue to increase, helped by cost reductions for Model S and improving margin on Model X. By year-end, Model S gross margin should begin to approach 30% and Model X gross margin should be about 25%, the company said. Q1 opex should increase just slightly, the company added.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.