Audi chief executive Rupert Stadler launches drive to make three electric car models by 2020 July 23, 2016 Audi's chief executive has said the automobile maker is planning to have three electric car models by 2020. Rupert Stadler also said the firm is aiming for electric cars to account for up to 30 per cent of its sales by 2025, in an interview published today in German newspaper Heilbronner Stimme. The firm's push to move into the [...]
As Tesla unveils plans for a “solar-roof-with-battery product”, will Elon Musk’s company make money any time soon? July 22, 2016 James Hind, chief executive of Carwow, says Yes. Tesla has built a highly desirable brand, as shown by the huge number of pre-orders for the Model 3. Demand for its cars will therefore be strong – even if other manufacturers manage to rival its electric technology. The company is spending a lot on setting up supply, [...]
Eight technologies Elon Musk revealed Tesla is working on in his plan for world domination July 21, 2016 Tesla founder Elon Musk has already pioneered electric and driverless vehicles (to varying degrees of success). Now he has unveiled what the business will do next. Yep: having pulled an all-nighter to finish putting it together, last night Musk unveiled "Master Plan, Part Deux" – 10 years after he wrote the company's original plan. Today's [...]
Brace yourself: Musk’s pulling all-nighter on top secret Tesla masterplan July 20, 2016 Fans of Elon Musk and Tesla, prepare yourself – the top entrepreneur and visionary thinker will delight you with a new plan for the electric car company. Musk teased the "top secret masterplan, part two" on Twitter last week, but has kept everyone guessing about what it might contain. Working on Top Secret Tesla Masterplan, Part 2. Hoping to [...]
SEC investigating Tesla over failure to disclose driverless car crash – reports July 12, 2016 The US Securities and Exchange Commission (SEC) is investigating Elon Musk's Tesla Motors – in particular, looking at whether the tech firm broke the law by failing to disclose a fatal accident involving one of its driverless cars in May. The accident, which happened in Florida on 7 May, resulted in the death of 40-year-old Joshua Brown. [...]
Driverless car buyers may need new insurance covering cyber-attacks, and even ransom, a new report has warned July 10, 2016 Driverless car users may need to find cover against a raft of new dangers, including ransom payments demanded by hackers. A new paper from motor insurer Axa has warned that the rise of autonomous vehicles could lead to cars being hacked to conduct criminal activity, or even to be used a weapon. Alternatively, drivers could [...]
Luxury hotels are engaged in a race to the top to treat their wealthy customers to ever more extravagant perks, from designer wardrobes to private jets July 7, 2016 Back in the late 1800s, the Savoy famously became the first hotel in London to run on electricity, a sign of true luxury at the time. It also had lifts, “speaking tubes” so that guests could call for a maid and, later, en suite bathrooms with showers. Over the decades, it has continuously evolved to [...]
Before the bell: What you need to know before the US market open July 6, 2016 Sterling and bond yields continue to slide, though gold has been labelled as the go-to investment for the rest of the year. Here's what you need to know before the US market opens at 2:30pm London time. US stock futures are not looking good ahead of the open. The S&P is down by 0.62 per cent, the Nasdaq is [...]
Before the bell: What you need to know before the US market open July 5, 2016 The Bank of England has slashed its capital requirements for UK banks, the pound is at a new 31 year low, and Australia's central bank has held interest rates unchanged at 1.75 per cent. Here's what you need to know before the US open at 2.30pm London time. US futures are pointing south after coming back from [...]
US National Highway Traffic Safety Administration launches investigation after Tesla driverless car death July 1, 2016 A preliminary investigation has been launched after the death of a man in Florida who was driving a Tesla Model S car on autopilot mode. The crash with a tractor occurred on 7 May and is the first known fatality in more than 130m miles where Tesla's autopilot setting has been activated, the electric car maker said [...]