Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
Self-driving cars: This is why they won’t reach our roads for a long time August 25, 2015 There’s much excitement about the future of the self-driving car. We've heard endless discussions about Google's version ever since it was first launched in 2010, and now Apple has jumped on the bandwagon, too. Read more: Driverless car technology to get £20m UK government funding and testing guidelines introduced In fact, earlier this year [...]
How successful people spend their holiday August 18, 2015 Neglect planning at your peril That's my lesson for taking a vacation: vacation will kill you,” surmises Tesla founder Elon Musk in a recent biography, having contracted a severe bout of malaria following a holiday in Africa in 2000. Indeed, the most successful business leaders don’t necessarily have the most successful holidays; last year, [...]
Wall St rises as home building sentiment up – New York Report August 17, 2015 US STOCKS rose yesterday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media. The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 [...]
Tesla unveils $500m extra stock offering August 13, 2015 ELECTRIC car manufacturer Tesla has announced that it intends to offer $500m (£320m) of additional shares of common stock in an underwritten registered public offering. The raised capital will be used to accelerate growth of the business globally, but specifically will help fund Tesla’s upcoming Model 3 project and completion of a battery gigafactory in [...]
Media firms drag on Dow – New York Report August 6, 2015 WALL Street ended sharply lower yesterday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis. The Dow Jones industrial average fell 0.69 per cent to end at 17,419.75 and the S&P 500 lost 0.78 per cent [...]
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 [...]