Without profit at Tesla, Elon Musk will be coming back to earth February 7, 2018 Last night, eccentric billionaire Elon Musk sent one of his own Tesla sports cars into outer space with the launch of the most powerful operational rocket the world has ever seen. The swagger and showmanship of the event should not distract from the significance of the launch, or the fact that Musk is an immensely [...]
Europe lacks giant tech stocks – but it may lead with the ‘industrial internet’ February 1, 2018 In the US, tech firms have been responsible for 42% of the rise in the value of the US stock market since 2014, according to a report in The Economist. Emerging markets too have their own tech giants in Alibaba and Tencent. But where are the tech companies here in Europe? And could emerging technologies [...]
Elon Musk’s Boring Company flamethrower has sold out after $10m of sales in less than a week February 1, 2018 Not content with running several successful companies, entrepreneur Elon Musk has made a niche sideline in novelty products, the latest of which is an Instragram-worthy flamethrower costing $500 (£351). But anyone hoping to get their hands on one has missed their window of opportunity – the entire 20,000 have already sold out. And it’s netted [...]
Daimler invests in What3Words, a British tech startup mapping the entire world with words January 10, 2018 Daimler has taken a stake in an innovative British mapping startup that created an entirely new postcode system for Mongolia last year. The German carmaker behind Mercedes has taken a 10 per cent stake in What3Words, a startup creating a three word address for each nine square area on the planet. The deal, the value [...]
Are markets too complacent about the US economy? January 3, 2018 The status of the US as the world’s most dynamic and important single country economy remains intact, not least among investors. Its strengths are now very much reflected in financial market valuations. This is evident in stocks, with the US having been at the vanguard of a multi-year bull run, while bond yields have reached [...]
SMMT: New car demand in the UK fell more than a quarter last month December 21, 2017 Car manufacturing in the UK slid last month as demand from domestic buyers tumbled, new data has shown. The Society for Motor Manufacturers and Traders (SMMT) said 161,490 cars rolled off UK production lines in November, 4.6 per cent down on the same month last year. The fall was driven by a 28.1 per cent [...]
AB InBev has ordered 40 Tesla Semi electric trucks to deliver beer December 7, 2017 Drinks giant AB InBev is the latest business to get an order in for Tesla’s electric truck. The maker of Stella Artois and Budweiser has put in an order for 40 of the vehicles, which are also have some driverless technology, to deliver its beers. Read more: Meet Tesla’s new Roadster: The fastest production car [...]
Investing in disruption: Is the US tech boom a bubble? November 28, 2017 It has been a fantastic year so far to be a technology investor. The Fang (Facebook, Amazon, Netflix, Google) stocks are leading again and are now up 33.6 per cent on average year to date. Add Tesla and Nvidia into the mix, and we have a group of businesses that capture the imagination of both [...]
Meet Tesla’s new Roadster: The fastest production car ever made unveiled alongside its new Semi truck November 17, 2017 Among all the excitement about Tesla’s – admittedly pretty snazzy – new electric truck, Elon Musk also managed to surprise with another announcement. That’s right: Tesla has unveiled a new version of its original sports car, the Roadster. Musk said it’s the fastest production car ever made, with the ability to do 0 to 100 [...]
DEBATE: With CO2 at record levels, does the UK need to prioritise clean energy? November 13, 2017 With CO2 at record levels, does the UK need to prioritise clean energy? Greg Jackson, founder of challenger energy firm Octopus Energy, says YES. It’s a stark reality that air pollution kills 40,000 people in this country every year. If the bodies lay where the problem did, your morning commute would be grisly. The scandal [...]