Tesla (TSLA) is voluntarily recalling 134,951 Model S and Model X vehicles because of issues with their touchscreens. The company said these problems could lead to the loss of certain safety features while the cars are driving.
Astra, which became the latest private company to go into space in December, is planning an IPO. It will merge with an SPAC called Holicity (HOL). The deal values the rocket maker at a $2.1 billion enterprise value.
ExxonMobil (XOM) shared better-than-expected Q4 profits yesterday. The company also announced plans for a new business called ExxonMobil Low Carbon Solutions which will focus on alternative energy solutions. Exxon plans to invest $3 billion in the new group over the next five years. Preliminary readings show that the euro zone economy contracted by 6.8% in 2020. During the final quarter of last year, the region’s economy experienced a 0.7% fall as governments tightened restrictions on businesses to curb the spread of COVID-19 during the second wave.
Yesterday, Amazon (AMZN) reported revenue of $125.56 billion during Q4 of 2020—its largest quarter by revenue ever. The company also announced that Jeff Bezos will step down as CEO and will be replaced by Andy Jassy during the third quarter of this year. Bezos will become the executive chair of Amazon’s board.
Back in June 2020, SoFi committed to donating $1 million to various organizations that empower Black and African Americans. Today, we’re proud to share that we have fulfilled that commitment as part of one of our core values, Embrace Diversity. We believe everyone should feel welcome, included, and able to contribute. Read more about the organizations chosen on the SoFi blog.