How Silicon Valley’s finest Tesla can learn from British tech titan Sage May 2, 2018 Execs at Britain’s biggest tech firm Sage were in bullish mood today despite conceding the last six months “had not gone to plan”. Around £1.5bn has been wiped from Sage’s market value since mid-January as investors took a dim view of a dip in its revenue growth. But let’s just underline one thing here: Sage’s [...]
Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
Elon Musk shares how to improve productivity with Tesla employees telling them to walk out of meetings April 19, 2018 Tesla boss Elon Musk has told employees to walk out of meetings and end calls as soon as possible in an effort to boost productivity. In an email to employees at the electric car firm, Musk has sought to boost production of the highly-awaited Model 3 sedan, with goals to lift output in the coming [...]
Elon Musk’s Tesla has temporarily stopped Model 3 production as it aims to tackle bottlenecks April 17, 2018 Elon Musk’s Tesla has pressed the pause button on its Model 3 assembly line for a brief period. The firm said the planned stoppages are used to “improve automation and systematically address bottlenecks in order to increase production rates”. Tesla is under pressure to meet targets amid what Musk has dubbed “production hell”. The car [...]
Brexit is not to blame for Jaguar Land Rover’s job cuts and production changes April 16, 2018 Jaguar Land Rover’s 40,000 British workers will today be furnished with the finer details of how many cars are to roll off the ramps over the next year. Production will be slashed as 1,000 West Midlands jobs are cut at Britain’s biggest carmaker. The firm’s UK sales are down by more than a quarter so [...]
SpaceX’s value on course to rocket to $24bn as fundraising targets $500m | City A.M. April 12, 2018 Elon Musk’s SpaceX is plotting a new round of funding which could see its value skyrocket to almost $24bn (£16.9bn). The company hopes to raise $507m in a move that would make it the third highest-valued private company in the US. Filings obtained by private analytics firm Lagniappe Labs showed that the company had authorised [...]
Fully electric Mercedes-Benz vehicles to zoom out as soon as 2020 April 12, 2018 Daimler AG’s Mercedes-Benz wants to challenge Tesla’s Model S by developing a purely battery-powered sedan about the size of its $90,000 (£63,362) S-Class. The new model is dubbed the EQ S and is also positioned to compete with the upcoming high-end electric Audi A8 and Jaguar XJ models. Mercedes management board chairperson Dieter Zetsche introduced [...]
Should Mark Zuckerberg step down? April 4, 2018 THE CEO HAS changed. That’s no longer a secret. For the first time in history, chief executives and business leaders are virtually expected to be in the public eye, communicating with the customer and offering opinions on social and political issues. This can have commercial benefits. People buy from other people: therefore if organisations leverage [...]
Canadian start-up looking to raise £35m for project to rival Elon Musk’s Hyperloop April 4, 2018 A Canadian startup has entered the futuristic transportation race by issuing a call to arms to raise $50m (£35m) to develop its own hyperloop technology. Bloomberg reported that TransPod is looking to raise funds to develop its own Hyperloop, a project first proposed by Elon Musk’s Tesla and SpaceX. Hyperloop envisages passengers propelled in pods [...]
Gold up, dollar down: Markets react as China unveils retaliatory $50bn tariffs on US products April 4, 2018 Donald Trump has denied the US is in a trade war with China, as markets fell on the back of retaliatory tariffs unveiled by Beijing this morning. The US dollar fell against the yen, euro and pound this morning after China revealed its tit-for-tat $50bn measures. Beijing confirmed a 25 per cent levy on US [...]