CNBC TechCheck Evening Edition: April 22, 2024

This tech check briefing is sponsored by Comcast Business Powering Possibilities. Hey, I’m Derek Bosa, and this is your CNBC tech check briefing. Tesla shares trading lower after announcing global price cuts on the Model YS and X. The company also reduced the price of its driver assistance software. This comes after Tesla voluntarily recalled nearly 4000 cyber trucks due to a faulty accelerator pedal. The Sierra Tesla shares are down over 40%. We’ll get more insights as it’s scheduled to report quarterly results on Tuesday after market close. And Speaking of earnings, Meta, Microsoft, and Alphabet. Will also report this week Big Tech will be all about artificial intelligence. And investors will be looking for signs of growth and monetization. Profits for The Magnificent Seven group of mega caps are forecast to rise 38% in the first quarter year over year, versus just 2.4% for the S&P 500. And the fate of TikTok in the United States becomes more uncertain. On Saturday, the House passed a series of bills including a package that Wood Forest, the Chinese company Bite dance to divest and sell TikTok in as little as nine months. Those bills will be wrapped into a single package and sent to the Senate for a vote in the coming days. That’s all from the West Coast. We’ll see you right back here tomorrow. This tech check briefing is sponsored by Comcast Business. With the advanced connectivity and intelligence of global, secure networking, we are helping businesses of all sizes transform, grow, and thrive. Comcast Business powering possibilities.