Surprise, surprise: Oil majors face a “resoundingly negative” threat from the rise of electric cars October 18, 2016 A leap forward in battery technology could pose a "resoundingly credit negative" threat to the oil sector and disrupt global credit markets, according to a report from Fitch Ratings. Falling demand for fuel could scupper oil majors' prospects in particular as transport accounts for 55 per cent of total oil consumption. "Widespread adoption of battery-powered vehicles is [...]
Five things Elon Musk’s mysterious delayed product launch could be October 17, 2016 Is there anyone as mysterious as Elon Musk on Twitter? The Tesla founder has sent analysts and investors into a frenzy of speculation after he posted a single, two-sentence tweet late last night. Moving the Tesla announcement to Wednesday. Needs a few more days of refinement. — Elon Musk (@elonmusk) October 16, 2016 The news [...]
Is 2016 the turning point for energy storage? October 12, 2016 In the future, when investors look back at the year that represented the turning point for clean energy, 2016 may be it. The industry overall is growing at a breath-taking pace, but perhaps not for the reason that some investors think. Energy storage, rather than solar power and wind power, are the real factors that [...]
Tech triumph: These are the most valuable brands in the world October 5, 2016 Technology continues to dominate in the battle of the world's most valuable brands, with Apple and Google topping the latest list and Facebook crowned the fastest growing brand. More than half of the top ten brands in Interbrand’s annual index are technology companies, while Amazon and Adobe were also among the fastest growing brands as [...]
Former Tesla rival Fisker is revved up to make electric cars again October 5, 2016 The man behind an electric car maker which was once a major rival of Tesla has just unveiled two new models. Henrik Fiske0'sr last company, Fisker Automotive, went bankrupt in 2013. It was known for building luxury cars, favoured by celebrities. Read more: Tesla delivered a record amount of cars in the third quarter Now, Fisker has created a high-end car aimed [...]
Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]
Before the bell: What you need to know before the US market open October 3, 2016 Sterling has dropped after Prime Minister Theresa May said the UK will trigger the formal process of leaving the European Union by March next year. Here's what you need to know before the US market open at 2:30pm. US stock futures are broadly flat in the pre-market. The S&P is off by just 0.01 per [...]
Tesla delivered a record amount of cars in the third quarter October 2, 2016 Prolific entrepreneur Elon Musk's Tesla Motors said today that the number of vehicles it delivered hit a record 24,500 in the third quarter. They had risen 70 per cent quarter-on-quarter in what the firm said was a "slightly conservative [figure], as we only count a car as delivered if it is transferred to the customer and all [...]
Elon Musk’s totally nuts mission to Mars in nine crazy numbers September 28, 2016 Not content with pushing the boundaries for transport on earth with Tesla, prolific entrepreneur Elon Musk is taking his work on SpaceX a step further out of this world… literally. His ambitious plan to colonise Mars were revealed in not only a highly anticipated event but also a highly detailed one in which Musk laid out ambitious estimates of [...]
Supercar maker McLaren denies Apple takeover talks September 21, 2016 British supercar maker McLaren has denied it is in talks with Apple after it was suggested the Californian tech giant had made a takeover approach for all or part of its business. The Financial Times reported today the tech giant had approached McLaren Technology Group about either an acquisition or to take a strategic investment in [...]