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The latest panel issue means that Tesla’s Cybertruck has now been recalled eight times since its launch

Since its release last December, the pickup has been blighted by callbacks, with another this week due to an exterior panel that could detach while driving. Per a report filed with the National Highway Traffic Safety Administration, the “recall population includes all Model Year (“MY”) 2024 and 2025 Cybertruck vehicles manufactured from November 13, 2023, to February 27, 2025.” It’s the vehicle’s fifth physical recall and eighth overall in the ~16 months since it started getting delivered.

The company’s bimonthly callbacks have become one of the few broad indicators of how many Cybertrucks have been sold, given that Tesla doesn’t separate by models when announcing vehicle sales data. So far, the 46,096 trucks affected by this latest recall show that the automaker still has a long way to go if it ever wants to deliver on CEO Elon Musk’s hopes to sell up to 500,000 per year.

Tesla’s shares remained largely unchanged in premarket trading.

The company’s bimonthly callbacks have become one of the few broad indicators of how many Cybertrucks have been sold, given that Tesla doesn’t separate by models when announcing vehicle sales data. So far, the 46,096 trucks affected by this latest recall show that the automaker still has a long way to go if it ever wants to deliver on CEO Elon Musk’s hopes to sell up to 500,000 per year.

Tesla’s shares remained largely unchanged in premarket trading.

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Paramount Announces It's Cutting 2,000 Jobs

Paramount improved its Warner Bros. offer to $31 per share

WBD confirmed receipt of the new offer on Tuesday and said it would review the proposal.

Vertical Aerospace Valo Launch

Archer Aviation sues rival Vertical, alleging air taxi design patent infringement

Archer Aviation alleged that Vertical’s Valo aircraft “mimics” its own Midnight aircraft.

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Paramount is expected to raise its Warner Bros. offer to $32 per share

Paramount’s seven-day window to talk to Warner Bros. Discovery about its best and final offer is set to end at 11:59 p.m. ET on Monday, and the company is expected to finally raise the per-share dollar amount of its bid.

According to reporting by Variety, Paramount’s revised offer is likely to arrive at $32 per share for the HBO and CNN parent.

Paramount’s last major revision to its offer came earlier this month, when it said it would cover the $2.8 billion breakup fee that WBD would owe Netflix in the event of that deal falling apart, and would pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.

Netflix’s next move will be determined by the response of Warner Bros.’ board. Per reporting by Reuters, the streamer has ample cash to increase its own offer for its streaming rival. Analysts at MoffettNathanson Research last week said they expect Netflix to walk away from Warner Bros. if Paramount’s bid comes in “well beyond” $32.

As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.

Also potentially affecting prediction markets is a Truth Social post by President Trump on Sunday, in which Trump wrote that Netflix must fire board member Susan Rice immediately or "pay the consequences."

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Paramount’s last major revision to its offer came earlier this month, when it said it would cover the $2.8 billion breakup fee that WBD would owe Netflix in the event of that deal falling apart, and would pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.

Netflix’s next move will be determined by the response of Warner Bros.’ board. Per reporting by Reuters, the streamer has ample cash to increase its own offer for its streaming rival. Analysts at MoffettNathanson Research last week said they expect Netflix to walk away from Warner Bros. if Paramount’s bid comes in “well beyond” $32.

As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.

Also potentially affecting prediction markets is a Truth Social post by President Trump on Sunday, in which Trump wrote that Netflix must fire board member Susan Rice immediately or "pay the consequences."

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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business

Microsoft makes dramatic shake-up to its gaming division as gaming CEO Phil Spencer and Xbox President Sarah Bond depart

Microsoft’s gaming division underwent a major shake-up on Friday, as the tech giant announced the departure of gaming CEO Phil Spencer, who led the division for 12 years and championed its Game Pass subscription service.

Xbox President Sarah Bond is also out, according to Spencer’s memo to employees.

Xbox has fallen significantly behind rivals Sony and Nintendo in recent years. Microsoft raised Xbox console prices twice last year and bumped subscription fees up 50%. In November, the console was even outsold (in unit sales) by the motion-controlled Nex Playground console.

The pair have overseen a shift at Xbox from standard consoles to an array of consoles, handhelds, and various devices and screens accessed via cloud gaming.

Spencer’s replacement as the head of gaming is Microsoft’s president of CoreAI product, Asha Sharma. In a memo to staff, Sharma made three commitments: great games, the “return of Xbox,” and to “invent new business models and new ways to play.”

Xbox has fallen significantly behind rivals Sony and Nintendo in recent years. Microsoft raised Xbox console prices twice last year and bumped subscription fees up 50%. In November, the console was even outsold (in unit sales) by the motion-controlled Nex Playground console.

The pair have overseen a shift at Xbox from standard consoles to an array of consoles, handhelds, and various devices and screens accessed via cloud gaming.

Spencer’s replacement as the head of gaming is Microsoft’s president of CoreAI product, Asha Sharma. In a memo to staff, Sharma made three commitments: great games, the “return of Xbox,” and to “invent new business models and new ways to play.”

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