Musk says employees should work 80 to 100 hours a week if they want to ‘change the world’ November 27, 2018 Entrepreneur and Tesla billionaire Elon Musk has said people need to work around 80 hours a week, up to above 100 hours at peak times, if they want to succeed in business. Responding to the news that Tesla is one of Silicon Valley's most in-demand employers, Musk invited his Twitter followers to join one of his [...]
‘Good chance of death’: Billionaire Elon Musk says he plans move to Mars despite huge risks November 25, 2018 Billionaire Tesla founder Elon Musk has said he is more likely than not to move to Mars, despite the huge personal risk. The Space X chief executive said there is a 70 per cent chance of him getting to the red planet, but likened the trip to Ernest Shackleton’s dangerous journeys to the Antarctic. “We’ve recently [...]
Tesla cuts car prices in China on tariff fears November 22, 2018 Tesla has said it is slashing the prices of its Model X and Model S sedan cars in China, as it attempts to absorb the hit from US President Donald Trump's ongoing trade war with the region. Prices will be cut on its top two models by up to 26 per cent to make the [...]
European tech stocks slump in worst fall for seven years on Apple woes November 20, 2018 European technology stocks have been hit by their biggest quarterly drop since 2011, after production worries for Apple caused a global industry wobble. Stocks on the pan-European stoxx 600 tech index fell more than 1.8 per cent in trading this morning, hitting its lowest level since February 2017 and charting a quarterly loss of more than 14 [...]
Tesla’s Model 3 sedan on sale in China as Elon Musk plans to increase global operation November 17, 2018 Tesla's new Model 3 sedan is now available to order in China as the company continue to expand its global operation, particularly targetting the Asian market. On the company's website it says that Model 3 deliveries to China will begin in 2019 and Tesla CEO Elon Musk confirmed via his Twitter account that they will [...]
Volkswagen embarks on $50bn plan to mass produce electric cars November 17, 2018 German car manufacturer Volkswagen has said it will become the most profitable manufacturer of electric cars in the world, under the terms of a new plan to mass produce battery-powered vehicles. Chief executive Herbert Diess said the company will spend almost €44bn (£39.1bn) on developing the technology for a fleet of electric and self-driving vehicles, [...]
Take note of Ada Lovelace and the gender leadership gap November 13, 2018 Who was Ada Lovelace? She could soon be the face of the Bank of England’s new £50 note. Lovelace – the world’s first computer programmer and collaborator with the celebrated inventor Charles Babbage – is just one of the many women who have historically been under-recognised for their great achievements. The British public is keenly [...]
Fintech startup Revolut is in talks to raise $500m from Softbank November 12, 2018 British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans. Several sources have told City A.M. that the deal is set to close early next year, as Revolut tries to launch its banking app in the US, one of [...]
Former Tesla employee embezzled $9m, prosecutors say November 10, 2018 A former worker at Tesla has been indicted in the US for allegedly embezzling $9.3m (£7.2m) from the car manufacturer. Prosecutors say that Salil Parulekar diverted money owed by one Tesla supplier to another in 2016 and 2017, using forged documents. The indictment alleges that the former employee at the company’s global supply management group [...]
Tesla hires new chair as Elon Musk steps down as part of SEC deal November 8, 2018 Tesla has appointed Robyn Denholm, finance chief and head of strategy at Australian telecoms firm Telstra and existing Tesla board member, as its new chair after Elon Musk was forced to step down as part of a settlement deal with the US securities watchdog. Denholm will leave her role at Telstra in six months time, to sit at the [...]