Tesla has reported its biggest decline in quarterly revenue in more than a decade as CEO Elon Musk's political activity weighs on the electric carmaker brand's reputation. Revenue fell to 22.5bn for the April-June quarter from 25.5bn a year earlier, according to its earnings report, which Tesla released after the closing bell on Wall Street. Analysts on average were expecting revenue of 22.74bn, according to data compiled by LSEG. Revenue from car sales declined by 16 percent. Tesla attributed the revenue dip to a decline in vehicle deliveries.

In the latest quarter, revenue fell 6.5% to $20.37 billion, missing analysts' projections, according to FactSet. Shares fell 6.8% in after-hours trading. IBM's stock closed at $131.65 on Thursday, down 5.4% over the past year. IBM, which had suspended financial projections last year over uncertainty about the pandemic's business impact, said Thursday that it expects revenue to grow this year and anticipates $11 billion to $12 billion in adjusted free cash flow for the year and $12 billion to $13 billion in 2022. "The actions we are taking to focus on hybrid cloud and [artificial intelligence] will take hold, giving us confidence we can achieve revenue growth in 2021," Mr. Krishna.

Apple has been doomed for decades, if the steady stream of headlines about the company, its stock price, and its product lineup are to be believed. If The Macalope has taught us anything, it's that the Apple deathwatch business is a brisk (and bizarre) one. The truth is much more complex. But by any measure, 2016 was a particularly tough year for Apple. The company endured a bitter legal fight with the FBI, saw its first revenue decline in more than a decade, and faced backlash over hardware tweaks in its upgraded flagship products: the iPhone 7's lack of a 3.5mm audio jack and the overhauled MacBook Pro's less-than-pro specs for a decidedly pro price.