Britishvolt chooses Welsh site for UK’s first battery ‘gigafactory’ July 17, 2020 Battery firm Britishvolt has chosen a site in Wales for the development of the UK’s battery manufacturing “gigafactory”, it was announced today. In a statement, the start-up said it had signed an MoU with the Welsh government to work on plans for the 30 gigawatt facility at Bro Tathan in south Wales. The company said [...]
Twitter says around 130 people targeted in bitcoin scam hack July 17, 2020 Twitter has said around 130 accounts were targeted by hackers in an incident that led to the accounts of high profile figures such as US presidential candidate Joe Biden posting messages asking for bitcoin. The hack has caused embarrassment for Twitter and raised questions about its safety ahead of the 2020 presidential election. Tesla owner [...]
BMW inks €2bn battery deal with Sweden’s Northvolt July 16, 2020 Auto giant BMW has signed a €2bn(£1.8bn) deal with Swedish energy firm Northvolt to provide battery cells to power its electric vehicles. The Scandinavian company, which was founded by two former Tesla executives, will make the cells using only renewable energy at a new facility in the north of Sweden. In a statement, BMW said [...]
German court bans Tesla ads over self-driving claims July 14, 2020 Germany has banned Tesla from repeating what a court says are misleading statements relating to its driver assistance systems and autonomous driving. The case was brought by Germany’s Wettbewerbszentrale, an industry sponsored body tasked with policing anti-competitive practices. Tesla can appeal the Munich court’s ruling. The court agreed with the industry body and banned Tesla [...]
Asian shares retreat as virus and Sino-US tensions flare July 14, 2020 Asian stock markets slipped today, oil sagged and a safety bid supported the dollar as simmering Sino-US tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent. Japan’s Nikkei retreated from a one-month high touched [...]
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 [...]
Amazon-backed Tesla rival Rivian picks up $2.5bn in single round July 10, 2020 Rivian, an electric truck-making startup backed by Amazon and Ford, has raised $2.5bn in a fresh funding round led by T. Rowe Price. The new round takes the total investment in Rivian to at least $6bn, including a $1.3bn round in December also led by T. Rowe Price. Rivian’s latest funding round was supported by [...]
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 [...]