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 [...]
Airlines and Apple hurt US – New York Report June 8, 2015 US STOCKS ended lower yesterday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September. The Dow Jones industrial average fell 82.91 points, or 0.46 per cent, to end at 17,766.55. The S&P 500 lost 13.55 points, or 0.65 per cent, to 2,079.28 and the [...]
Google is racing (at 25mph) ahead in the self-driving car wars May 18, 2015 Fed up waiting for Tesla's self-driving car to emerge? Us too. Luckily Google has the answer. The Silicon Valley giant is releasing its prototype fleet of self-driving cars this summer ahead of a “small pilot” in the coming years. According to Chris Urmson, director of Google's self-driving car project, “a few” of the vehicles [...]
Tesla beats expectations as Elon Musk reveals 38,000 pre-orders for Powerwall home battery May 6, 2015 The figures Tesla increased production and sales of its electric cars in the first three months of 2015 as Elon Musk's company reported first-quarter earnings expectations that beat analysts' expectations. First quarter losses narrowed to $45m, or 36 cents per share, compared to a $50m loss in the same period last year and above analysts' [...]
Is Tesla’s new battery the next big threat to energy firms? May 4, 2015 Bruce Davis is director at Abundance Generation, says Yes. Tesla’s development of in-home energy storage will revolutionise the way we use electricity to power our homes. It will also be a game changer in the market for home solar power systems. The idea of the centralised utility company, providing mass-produced power, will be a thing [...]