Tesla shares surge again on hopes of S&P 500 listing July 13, 2020 Shares in electric vehicle firm Tesla continued their meteoric rise today, jumping another 14.6 per cent to hit $1,770.33 this afternoon. The new increase means that the firm’s shares have increased over 650 per cent in the last 12 months, when they were trading at $233. Since beating expectations for vehicle delivery numbers at the [...]
Tesla nears record for first stock to reach $20bn short interest July 10, 2020 Tesla is nearing a milestone as the first stock to ever reach $20bn in shorted shares, as its share price continues to rally. Data from S3 Partners released after markets closed yesterday showed Tesla reached a short-interest level of $19.2bn, climbing as high as $19.95bn at one point. S3 analyst Ihor Dusaniwsky said yesterday Tesla [...]
Ai: The Competitive Advantage July 7, 2020 In recent years, it seems most discussions centered around technology and business innovation inevitably end up debating the future potential of Artificial Intelligence. While the longer term upside is seemingly limitless, and there is much debate about what the future of what AI might look like, what’s less understood is how AI works today – [...]
Kanye West announces he will run for president July 5, 2020 Kanye West has announced he will run for US president in the upcoming November election, as support for incumbent Donald Trump continues to decline over his handling of the coronavirus crisis. West took to Twitter on Independence Day yesterday to announce he will take on Trump, of whom he is a huge supporter, and Democrat [...]
UK government wins stake in satellite firm Oneweb July 3, 2020 The UK government has won its joint bid with India’s Bharti Enterprises for the collapsed satellite internet operator Oneweb, in a move set to put it in competition with Elon Musk’s Starlink. The government will invest $500m and take a significant equity share in Oneweb, thought to be about 20 per cent. Oneweb went bust [...]
Tesla surpasses Toyota to become world’s most valuable carmaker July 1, 2020 Electric carmaker Tesla today became the world’s most valuable automobile manufacturer, eclipsing Toyota to take the crown. Tesla’s market value is now at $208bn, as shares rose more than five per cent to reach record highs of $1,132 earlier today. In comparison, Toyota was worth approximately $202bn following a small drop in its Japan-listed shares [...]
Tesla to pay Musk $1m for lawsuit insurance policy July 1, 2020 Tesla has said it plans to bring an end to an unusual insurance arrangement with its chief executive, which safeguards its board members against lawsuits, after a final payment of $1m. Tesla’s chief executive Elon Musk has been personally indemnifying the firm’s board, after he said in April that he believed insurance premiums from other [...]
Confession of an ESG sceptic: How I learned to stop worrying and love ESG June 30, 2020 For a long time, it would be fair to say I have been brutally sceptical about Environment, Social and Governance (ESG) investment. However, the Covid-19 crisis has turned ESG from a trendy investment fashion to something that matters. My scepticism began with the fact that ESG was an unbalanced concept. Too many people focus only [...]
Virgin Galactic signs private space travel deal with Nasa June 22, 2020 Richard Branson’s Virgin Galactic said today it has signed a deal with Nasa to develop a programme to promote private missions to the International Space Station (ISS). Shares in Virgin Galactic spiked more than 14 per cent on the news. Virgin will help identify and train new candidates to become astronauts for commercial space flight, [...]
Advisers join forces in bid to oust Tesla chairwoman June 18, 2020 Proxy adviser Glass Lewis has joined ISS in recommending that investors vote against the re-election of Robyn Denholm as chairwoman of Tesla’s board. Glass Lewis said it was concern was related to corporate governance, due to an insurance arrangement with chief executive Elon Musk after Tesla’s decision to not renew its directors and officers’ liability [...]