Tesla puts the brakes on sales outlook as its losses accelerate August 6, 2015 ELECTRIC car maker Tesla yesterday put the brakes on its outlook for the year, saying it was unlikely to meet its sales target of 55,000 vehicles and possibly undershooting by up to 5,000. The US company, headed by chief executive Elon Musk, posted a second-quarter net loss of $184m (£118m), up from $61.9m in the [...]
Tesla shares fall after the company lowers its delivery guidance August 5, 2015 Tesla shares fell four per cent in after hours trading after the company put the breaks on 2015 deliveries. The figures Tesla reported a second quarter earning per share loss of $0.48 on $1.2bn (£0.77bn) in adjusted revenue, 40 per cent up from a year ago. This was, however, better than the expected $0.59 loss [...]
Super-intelligent robots could soon fight our wars, but there’s a risk they’ll try and turn against us July 31, 2015 A swarm of robots approaches the front line, each gearing up its inbuilt guns and explosives as it prepares to launch an attack on the enemy – another, almost identical swarm of robots. But suddenly one of the robots turns on its comrades. It has been offered a better deal by the enemy, so long [...]
Elon Musk, Stephen Hawking and Steve Wozniak call for ban on killer robots warning “the stakes are high” July 28, 2015 As far as we're aware, the Terminator was never brought to a halt by a petition. But that hasn't stopped more than 1,000 high profile artificial intelligence experts attempting pretty much that. Tesla’s Elon Musk, Apple co-founder Steve Wozniak, Google DeepMind chief executive Demis Hassabis and professor Stephen Hawking are among those to have [...]
Tesla Motor’s share price down as analysts expect growth will “disappoint” July 21, 2015 Tesla shares were down after a UBS analyst downgraded it to “sell”, expecting disappointing growth from the company’s electric car and home battery segments. Shares slid 4.7 per cent for Tesla, the electric car manufacturer that has attracted a cult following, and were down to $269.10. UBS analyst Colin Langan wrote in a statement to [...]
Is Apple planning an iCar? Tim Cook hires Chrysler executive Doug Betts as it eyes Tesla, Google and Uber over electric cars July 21, 2015 Not content with taking over our ears (Apple Music) and wrists (Apple Watch) this year, Apple may now have its sights set on taking over our roads. Tim Cook has hired the an executive from Chrysler, fueling speculation that there may be an iCar coming down the road. Doug Betts, a former senior vice president [...]
Four business books to read this summer July 12, 2015 Develop a subscription service from your sunlounger. Earlier this year, Mark Zuckerberg founded an online bookclub, promising to read a new book every two weeks. From Jeff Bezos to Zappos’s Tony Hsieh, many top business leaders are bound by a love of books. It can be hard to pack 400 pages into a punishing [...]
Virgin Galactic joining the space race for broadband with OneWeb June 25, 2015 BRITISH-BASED satellite operator OneWeb, which wants to sell internet service via satellites, said yesterday that it has signed multi-million dollar contracts with spaceflight companies Virgin Galactic and Arianespace for 60 flights. OneWeb, which is privately-owned and based in Britain’s Channel Islands, also said that it has raised $500m (£318m) from a group of global investors, [...]
My mid-life crisis over technology stocks – CNBC Comment June 22, 2015 Nostalgia is a dangerous thing. A couple of years ago I broke a golden rule of mine. I went to a LIFFE market reunion. It was a big mistake. There is nothing worse than a bunch of greying, balding, slightly tubby middle aged men (mostly) banging on about how great times were “back on the [...]
Car review: The two-door Bentley Continental GT is back, but does it have anything new to show us? June 15, 2015 Two things you’ll instantly associate with Norway are the fjords and the North Sea oil industry. But few think of it as the land of the electric car. Norwegians buy more electrically-powered cars, per capita, than any other nation on earth. On five occasions in the space of 12 months, the best-selling car in Norway [...]