How to invest in Veganism September 16, 2019 We have a look at how companies are responding to the rise in veganism and explain how investors and traders can capitalise as people around the world begin to reduce their meat intake and consume more plant-based alternatives. Many food products are naturally friendly to vegans, like vegetables, which means the vegan market is already [...]
Ignore Elon Musk’s doom-mongering – AI will strengthen our society, not break it September 10, 2019 In Elon Musk’s mind, the dystopian thriller Ex Machina is forecast, not fiction. Debating Alibaba’s Jack Ma at the World AI Conference at the end of August, Musk claimed that humanity was directly threatened by the development of artificial intelligence, and that human beings were simply a “biological boot loader for digital super-intelligence”. The billionaire [...]
Consumer group calls on car manufacturers to recall faulty models September 10, 2019 Some of the UK’s most popular car models are among the least reliable and could leave motorists facing mechanical failures and potentially high repair bills, new research has found. Consumer rights group Which said it has uncovered “inherent flaws” in some vehicles made by carmakers including Nissan, Seat, and Tesla, and called on manufacturers to [...]
Electric car sales charge ahead with record monthly demand September 5, 2019 More electric cars were sold in Britain last month than ever before, as zero-emission car sales rose fivefold amid an otherwise subdued automotive market. Zero emission car sales came to 3,147 vehicles in August compared to just 659 this time last year, as the release of several new models over the summer boosted demand, including [...]
Feeling the heat: Walmart sues Tesla after solar panel blazes August 21, 2019 In a clash of two of America’s best-known companies, Walmart has sued Tesla for alleged “widespread negligence” that led to solar panels made by the electric car giant catching fire. The supermarket behemoth has asked a court to force Tesla to remove the panels from more than 240 of its US stores after they were [...]
Walmart sues Elon Musk’s Tesla after fires blamed on its solar panels August 20, 2019 Retail giant Walmart is suing Elon Musk’s electric car and clean energy business Tesla alleging that solar panels it supplied were responsible for fires at seven of its stores, according to a lawsuit filed in New York today. The fires destroyed significant amounts of store merchandise and required substantial repairs, totalling hundreds of thousands of [...]
Nextmove cancels order for 85 Teslas over paint defects and faulty wiring August 16, 2019 German car rental firm Nextmove has cancelled most of its order of 100 cars from Tesla over quality problems, it said today. The firm said the more than €5m (£4.57m) deal was called off after it was unable to reach a deal with Tesla over how to fix a series of issues with the cars. [...]
Dominic Cummings is behind Number 10’s new startup-mindset August 8, 2019 “What we want to hear is their conquer the world strategy,” said Scott Kupor, managing partner of American venture capital firm Andreessen Horowitz. Kupor was talking about wannabe entrepreneurs knocking on the company’s Sand Hill Road door in California and looking to become the next Twitter, Lyft, or Airbnb. If Boris Johnson’s right-hand man Dominic [...]
Elon Musk’s Tesla loses more than $5bn in value as shares plummet July 25, 2019 Tesla’s valuation dropped by more than $5bn when markets opened this afternoon as investors reacted to the firm’s disappointing second-quarter results. Shares in Elon Musk’s firm plunged more than 13 per cent to just under $229 after figures for revenue and profit margin fell short of expectations. Read more: Tesla revenues fall short of expectations [...]
Tesla revenues fall short of expectations despite record cars built July 24, 2019 Electric car company Tesla posted second-quarter revenue below analysts’ expectations, pushing its shares down 10 per cent to $239.24 in after-hours trading. Read more: Tesla shares rally as firm makes record number of deliveries Total revenues climbed to $6.35bn (£5.09bn) from $4bn a year earlier, but this was below the $6.41bn expected by analysts. Yet [...]