Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report.
Crucially, the automaker revealed that its solar deployments cratered 36% to a total of 223 megawatts (MW) last year, down from 348 MW in 2022.
In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022.
However, Tesla’s energy generation and storage business is comparatively booming (surprise, surprise).
The company said its 2023 energy storage deployments — which include Powerwall home batteries and utility-scale Megapacks, topped 14,724 megawatt hours (MWh), up 125% from the year earlier.
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch.
Byju’s willingness to cut the valuation is a stunning reversal of fortune for the startup, once the poster child of the Indian startup ecosystem.
Byju’s has been chasing for new funding for nearly a year.
The new funding deliberation follows BlackRock cutting the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion, according to disclosures made by the asset manager.
Byju’s was preparing to go public in early 2022 through a SPAC deal that would have valued the company at up to $40 billion.
How low can bitcoin ETF fees drop before it hurts a business?
On Thursday, Franklin Templeton’s Franklin Bitcoin ETF ranked sixth among the 11 for first day trading volume at $65.45 million by the end of the day.
(Note: A number of issuers, Franklin included, are waiving fees for a limited time.)
There’s reason to believe that spot bitcoin ETFs and other related products that may come to market will see strong demand over time, and major investment houses want a piece of the action.
An additional preexisting $2.3 billion from Grayscale’s GBTC fund, which converted into a spot bitcoin ETF on Wednesday, brought the 11 issuers’ total to $4.6 billion.
Alaska Airlines Flight 1282: How could iPhones survive a 16,000-foot drop?
Now the impact force will be large (just like hitting the floor) and the impact area is very small.
Air resistance limits the maximum speed, so it’s not necessarily going any faster falling from 18,000 feet than 1,000 feet,” Wiens explained.
The gravitational force pulls down and there is also an upwards pushing air resistance force.
This air resistance increases in magnitude as the phone moves faster through the air.
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