| Mobile Web

Search results for Barclays

AI & Enterprise

IBM shares plunge as AI investment boom triggers record drop

IBM shares tumbled on July 14, posting their biggest one-day fall as the company warned that weak second-quarter results reflected a shift in corporate IT budgets toward AI infrastructure and cybersecurity. IBM said sales of its mainframes and related software were under pressure as customers increased spending on memory chips, servers and storage ahead of price rises. IBM reported second-quarter revenue of $17.2 billion, up 1 percent year on year, below expectations, while infrastructure revenue fell 7 percent.

Mobility

Tesla posts surprise deliveries; Tour de France on high alert as deadly heat wave hits

Tesla delivered 480,126 vehicles in the second quarter of 2026, beating market forecasts and marking its best second-quarter total. Deliveries rose 25 percent from a year earlier and 34 percent from the first quarter, ending a two-year slide in quarterly deliveries. The company is expanding robotaxi testing and adding a three-row Model Y in the United States. Elsewhere, Rivian, BYD, Xpeng, Toyota, Joby and BMW reported new developments, while extreme heat hit the Tour de France.

Industry

Tesla\'s Q2 results buoyed by Model Y, oil prices and incentives

Tesla delivered 480,126 vehicles in the second quarter of 2026, up 25 percent from a year earlier, ending a two-year decline in quarterly deliveries. The total beat market expectations and exceeded even the most optimistic forecasts. Deliveries outpaced production as the company drew down inventory, while energy storage deployments rose to 13.5 GWh. The article cites higher oil prices linked to the Iran war, easier year-on-year comparisons, and large U.S. incentives as key factors.