Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
How successful people spend their holiday August 18, 2015 Neglect planning at your peril That's my lesson for taking a vacation: vacation will kill you,” surmises Tesla founder Elon Musk in a recent biography, having contracted a severe bout of malaria following a holiday in Africa in 2000. Indeed, the most successful business leaders don’t necessarily have the most successful holidays; last year, [...]
Tesla unveils $500m extra stock offering August 13, 2015 ELECTRIC car manufacturer Tesla has announced that it intends to offer $500m (£320m) of additional shares of common stock in an underwritten registered public offering. The raised capital will be used to accelerate growth of the business globally, but specifically will help fund Tesla’s upcoming Model 3 project and completion of a battery gigafactory in [...]
Tesla puts the brakes on sales outlook as its losses accelerate August 6, 2015 ELECTRIC car maker Tesla yesterday put the brakes on its outlook for the year, saying it was unlikely to meet its sales target of 55,000 vehicles and possibly undershooting by up to 5,000. The US company, headed by chief executive Elon Musk, posted a second-quarter net loss of $184m (£118m), up from $61.9m in the [...]
Tesla shares fall after the company lowers its delivery guidance August 5, 2015 Tesla shares fell four per cent in after hours trading after the company put the breaks on 2015 deliveries. The figures Tesla reported a second quarter earning per share loss of $0.48 on $1.2bn (£0.77bn) in adjusted revenue, 40 per cent up from a year ago. This was, however, better than the expected $0.59 loss [...]
Super-intelligent robots could soon fight our wars, but there’s a risk they’ll try and turn against us July 31, 2015 A swarm of robots approaches the front line, each gearing up its inbuilt guns and explosives as it prepares to launch an attack on the enemy – another, almost identical swarm of robots. But suddenly one of the robots turns on its comrades. It has been offered a better deal by the enemy, so long [...]
Elon Musk, Stephen Hawking and Steve Wozniak call for ban on killer robots warning “the stakes are high” July 28, 2015 As far as we're aware, the Terminator was never brought to a halt by a petition. But that hasn't stopped more than 1,000 high profile artificial intelligence experts attempting pretty much that. Tesla’s Elon Musk, Apple co-founder Steve Wozniak, Google DeepMind chief executive Demis Hassabis and professor Stephen Hawking are among those to have [...]
PayPal valued at just under $50bn as it soars past EBay on Nasdaq July 21, 2015 After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]
Is Apple planning an iCar? Tim Cook hires Chrysler executive Doug Betts as it eyes Tesla, Google and Uber over electric cars July 21, 2015 Not content with taking over our ears (Apple Music) and wrists (Apple Watch) this year, Apple may now have its sights set on taking over our roads. Tim Cook has hired the an executive from Chrysler, fueling speculation that there may be an iCar coming down the road. Doug Betts, a former senior vice president [...]
Nasa’s extraordinarily detailed photo reveals what Earth looks like from a million miles away July 21, 2015 For the first time ever, humans can see what the entire sunlit side of the Earth looks like from a million miles away, and the quality is staggering. This morning, Nasa released a photo taken by a camera attached to its Deep Space Climate Observatory (DSCOVR) satellite, which was sent up into space in [...]