Elon Musk either ‘deceptive or delusional’, says valuation expert July 2, 2018 Billionaire Elon Musk has been branded ‘deceptive or delusional’ by a respected valuation expert for insisting his electric car company Tesla can hit production targets and turn a profit. The tycoon said 5,000 Model 3 Tesla saloons a week would be produced by the end of June, and that the company would become cash flow [...]
Last Week in the City: Amazon buys a pharmacy June 29, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018). The FTSE 100 traded little over the week, despite a rally in oil prices. There was more bad news from the retail sector after The John Lewis Partnership warned on profits [...]
Tesla chief executive Elon Musk has been embroiled in a Twitter dispute over a farting unicorn June 28, 2018 Elon Musk, a Colorado potter, and a farting unicorn walk into a bar, followed by a punchline about copyright infringement. The Tesla chief executive has been accused of using an image of a farting unicorn for commercial purposes without permission or compensation. The original image was first tweeted by Musk last year and had previously [...]
Peltarion, the AI platform used by Nasa, Tesla and Deutsche Bank, has opened a London office June 26, 2018 Swedish artificial intelligence (AI) startup Peltarion has launched a new office in London. The office has been created with global expansion in mind, with staff being hired for digital sales and marketing as well as tech development. Peltarion's operation AI platform, which enables companies to produce real-world AI applications at scale and speed, launched in [...]
Peltarion, the AI platform used by Nasa, Tesla and Deutsche Bank, has opened a London office June 26, 2018 Swedish artificial intelligence (AI) startup Peltarion has launched a new office in London. The office has been created with global expansion in mind, with staff being hired for digital sales and marketing as well as tech development. Peltarion’s operation AI platform, which enables companies to produce real-world AI applications at scale and speed, launched in [...]
Last Week in the City: Markets Trumped by trade fears June 22, 2018 The week was dominated by trade war fears as Donald Trump said he would slap further tariffs on Chinese goods should there be any retaliatory measures. Despite this, Nasdaq hit a record high, although the Dow Jones Industrial Average erased all its gains in 2018 so far. The FTSE 100 fell 0.5% over the week [...]
Tesla has filed a lawsuit against the former employee who hacked its systems June 20, 2018 Tesla has filed a lawsuit against Martin Tripp, the former employee who allegedly orchestrated a hack and subsequent data leak on the company’s operating systems last week. Musk accused Tripp of “extensive and damaging sabotage” in an email circulated to staff on Sunday night, which was followed by another email regarding a small fire on [...]
Elon Musk has accused Tesla employees of sabotage, after declaring two incidents in two days June 19, 2018 Chief executive of Tesla, Elon Musk, has written to his staff that a Tesla employee had conducted "extensive and damaging sabotage" to the company's operations in an apparent hack, and reported a fire on the Model 3 production line. The first email from Musk, delivered to Tesla employees late on Sunday night, detailed actions by [...]
Tesla (TSLA.O) cuts nine per cent of staff as Elon Musk aims at profitability June 12, 2018 Electric car maker Tesla is cutting several thousand jobs across its workforce in a bid to reduce its costs as it ramps up production on the Model 3, chief executive Elon Musk confirmed in a tweet last night. In an email sent to staff, Musk said the cuts, equivalent to about nine per cent of [...]
Richard Branson says ban on diesel and petrol-fuelled cars should be brought forward to 2025 June 7, 2018 Richard Branson, a new pioneer of electric cars, has said the ban on petrol and diesel vehicles should be brought forward from 2040 to 2025. Speaking at a Formula E event, the tycoon said the UK should follow in the paths of environmentally friendly countries Norway and the Netherlands, who have a 2025 ban in [...]