Tesla shares rise after short-seller reverses opinion to predict long-term success October 23, 2018 Tesla's share price rose almost seven per cent this afternoon, after a long-term critic of the electric vehicle manufacturer reversed its short position on the firm. Citron Research changed its tune on Tesla from "short" to "long", writing in a research note that its Model 3 sedan is "a proven hit, and many of the [...]
Dyson to manufacture its first electric car in Singapore October 23, 2018 British technology company Dyson has announced that it will set up a new site in Singapore for building its first electric car. The facility is expected to be completed by 2020, with the first cars being sold in 2021. Read more: Dyson plugs £200m into driverless cars UK technology campus Chief executive Jim Rowan said [...]
How to capitalise on the electric car revolution October 23, 2018 Electric vehicles have existed since 1828, and yet their prevalence in popular society has remained the stuff of science fiction for more than two centuries. It’s only recently that electric cars have become commonplace, helped partly by government policies – such as the planned ban on the sale of new petrol and diesel vehicles by [...]
Elon Musk says first Hyperloop tunnel to open in the US in December October 22, 2018 Entrepreneur Elon Musk has said the first testing tunnel of his Hyperloop transport system is almost fully completed, and will be open to the public later this year. Manufactured under his firm Boring Co., Hyperloop is a network of high-speed transit tunnels designed to maximise the efficiency of public transport at a lowered cost. Musk said on Twitter [...]
Stocking up: Elon Musk to buy $20m in Tesla shares as manufacturing boss resigns October 17, 2018 Tesla chief executive Elon Musk will buy $20m (£15.2m) of Tesla stock in the next open trading session, a filing revealed today, after a judge approved the firm's settlement deal with the US securities watchdog. The filing said the share purchase will be "separate and apart from the settlement", which saw both Tesla and Elon Musk be fined [...]
Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]
Blackrock wins £30bn investment contract from Scottish Widows as owner Lloyds walks away from Standard Life Aberdeen October 12, 2018 Blackrock today won a £30bn investment contract in Lloyds Banking Group-owned Scottish Widows. The asset manager will invest the pension company’s funds in index strategies while also seeking to establish a strategic partnership to collaborate in risk management, alternative asset classes and innovative investment technology, Lloyds said. The money forms part of a £110bn pot [...]
Nico Rosberg on his new life as a tech investor: “I struggle to invest in some boring s**t. For me it’s important that they’re cool.” October 11, 2018 His racing days might be behind him but the competitive fire still burns inside Nico Rosberg – only now the ex-Formula One world champion has an altogether different outlet. Since his sudden retirement in 2016, Rosberg has embarked on a second career as an investor, with a particular focus on tech-leaning companies such as Uber [...]
Musk denies rumours of James Murdoch as lead candidate for Tesla chairman October 11, 2018 Tesla billionaire Elon Musk has denied reports that 21st Century Fox chief and Tesla board member James Murdoch is the lead candidate to replace him as chairman of the electric carmaker. In response to a report by the Financial Times late last night that Murdoch was the favourite to take the top spot, Musk tweeted at [...]
Founder syndrome: Are you suffering? October 5, 2018 When you start a new business, there is an expectation that your leadership will be marked by certain qualities – purpose, authenticity, and a lack of hierarchy. In the modern era, those leading tens of thousands of people, in businesses that were founded decades ago are now expected to display those same qualities. In a [...]