Author: Vitaliy Dadalyan

Micron beats Q4 estimates, sees memory market improving

Micron reported Q4 results Tuesday that topped Street's expectations, posting $6.06B in revenue versus the estimated $5.9B and $1.08 in earnings per share versus the expected $0.99 per share. The semiconductor design company nearly doubled its profit, adding more than $1 billion in sales from 2019, thanks in part to strong cloud and consumer sales since the start of the COVID-19 pandemic. Yahoo Finance's Jared Blikre breaks down the details....

Elon Musk Promises to Make His Own Lithium; This Analyst Is Unimpressed

Put one "Battery Day" in the books, folks. On Tuesday, Sept. 22, CEO Elon Musk finally held his long-awaited presentation running down everything Tesla (TSLA) plans to do over the next decade to cut the cost of batteries, and extend the range (and lower the price) of Tesla's electric cars.One of the key revelations: In an effort to accelerate the conversion of 300 million American cars from gasoline engines to electric, Tesla is pioneering a method of using "table salt (sodium chloride) to basically extract the lithium" ... from 10,000 acres of Nevadan clay, ensuring plentiful supply of the metal for use in building more batteries. "Simply mix clay with salt, put it in water, the salt comes out with the lithium -- done.""Nobody's done this before," avers Musk, but "it's a very sustainable way of obtaining the lithium."And it certainly sounds like a bright idea. There's just one problem: According...