Legal case against former Apple employee reveals trade secrets on its self-driving car technology July 11, 2018 Criminal charges filed against an ex-Apple employee for stealing trade secrets on the company's self-driving car technology have revealed some interesting new details on what Apple is up to. Xiaolang Zhang was charged by a US federal court over evidence submitted by Apple that Zhang accepted a position at Chinese rival Xmotors, and downloaded the [...]
Tesla is building a plant in China that can make 500,000 vehicles a year July 10, 2018 Tesla has reached a preliminary deal with the Chinese government to build its next gigafactory in Shanghai, with a plant that can make 500,000 cars a year. The Shanghai government confirmed the deal in a statement this morning, after reports surfaced earlier today surrounding Tesla chief executive Elon Musk’s visit to the city. Bloomberg added [...]
Tesla hikes its car prices in China in the face of the US-Sino trade war’s rising tariffs July 9, 2018 Electric car manufacturer Tesla has hiked the price tags of its cars in China, becoming one of the first carmakers from the US to react over rising trade tensions between the two countries. The company raised the prices of its Model X and S cars in China by up to $37,600 (£28,226), according to local [...]
Elon Musk offers to help rescue operation for Thai boys and football coach July 7, 2018 Billionaire Tesla boss Elon Musk said today that there has been some "good feedback" from cave experts following his offer to send engineers to Thailand in a bid to help rescue 12 boys and their football coach from a flooded cave. Musk tweeted this morning: "Some good feedback from cave experts in Thailand. Iterating with [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
Testing Tesla: The EV company is as famous for the behaviour of its boss as it is for its silent motors; but what are they like to drive? July 5, 2018 If the scent of lavender and the feel of Lycra on clammy flesh are your kind of thing, you won’t find anywhere better than cycling mecca La Coquillade. Set in the hills of the Petit Luberon, a rosé-growing idyll between Avignon and Aix-en-Provence, this hotel has been created by a Tour de France team owner [...]
Will Bitcoin Make or Break the internet? July 3, 2018 News in the last week included a report called, ironically, 'Beyond the Hype' from the global central bank (BIS, the Bank of International Settlements) which contains more than its own share of hype, including a headline stating ‘Bitcoin Could Break the Internet'. Together with the same obvious errors that the Bank of England's Mark Carney [...]
The world could do with more visionaries like Elon Musk July 3, 2018 A year ago today, entrepreneur, disruptor, and space-obsessed innovator Elon Musk assured his 10m Twitter followers that it looked like Tesla would be producing 20,000 of its Model 3 electric cars per month by December. It’s taken an extra six months but, on Sunday, Tesla finally hit its goal. It has not been a smooth [...]
Tesla Model S 100D review: Only famous for its unpredictable boss or genuinely good to drive? July 2, 2018 If the scent of lavender and the feel of Lycra on clammy flesh are your kind of thing, you won’t find anywhere better than cycling mecca La Coquillade. Set in the hills of the Petit Luberon, a rosé-growing idyll between Avignon and Aix-en-Provence, this hotel has been created by a Tour de France team owner [...]
Tesla nearly hit its Model 3 goal of 5,000 cars a week, making it just a few hours after the June deadline passed July 2, 2018 Tesla almost reached its targets for Model 3 production last night, making it just a few hours after midnight passed yesterday morning in a reveal that boosted its share price by 4.5 per cent. CEO Elon Musk had previously said he wanted to reach total production numbers of 5,000 cars per week by the end [...]