Tesla shares surge upwards after positive view of battery factory February 25, 2014 THE SHARE price of electric car firm Tesla shot up by over 15 per cent yesterday, following a glowing note from a Morgan Stanley analyst who more than doubled his target price for the company. The enthusiastic assessment came from Adam Jonas, who said Tesla’s plans for a huge plant to manufacture the lithium batteries [...]
What you need to know before the US open February 25, 2014 Housing and retail are in focus today, with figures just in. House prices are still rising, but the pace has moderated a bit. The house price index for December increased 0.8 per cent – a revised figure showed they fell 0.1 per cent in November. The S&P/Case-Shiller indices rose 13.4 per cent in the month. [...]
What you need to know before the US open February 21, 2014 US stock futures have edged higher as investors concentrate on the fortunes of tech companies, following some strong results. Better-than-expectated manufacturing data have continued boosted confidence across European and Asian markets, particularly after China’s equivalent results were weaker than forecast. Focus is on existing home sales, which are expected to have fallen slightly in January, [...]
New York Report: Facebook and Tesla prompt rise in shares February 20, 2014 US STOCKS climbed yesterday after a data reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs during trading. US factory activity accelerated at its fastest pace in nearly four years in February, according to Markit’s preliminary US manufacturing purchasing managers’ index, [...]
What you need to know before the US open February 20, 2014 US stock index futures suggest markets will open lower, as investors look again towards ongoing emerging market turmoil. The continuing and severe violence in Ukraine at the moment has seen the country’s hryvnia plummet to five-year lows, and state debt insurance rising to 2009 highs. Weaker growth from China – the Markit/HSBC purchasing managers’ index [...]
3 electric car myths debunked February 20, 2014 If Tesla Motors' results are anything to go by, it looks like electric cars are taking off. Yesterday, the firm revealed a gross profit of $156.6m (£93.7m) – over six times higher than than a year earlier. The forward-thinking company, which is headed by PayPal and SpaceX founder Elon Musk, saw record transactions of its [...]
Electric results for Tesla as sales of Model S car hit record high February 19, 2014 ELECTRIC car firm Tesla yesterday revealed a gross profit of $156.59m (£93.68m) in the final quarter of last year, more than six times higher than the same period in 2012. Total revenues also doubled over the year, expanding from $306.32m in the final quarter of 2012 to $615.22m in the three months to December 2013. [...]
Three things you didn’t know about… February 9, 2014 ELLA’S KITCHEN FOUNDER AND CEO PAUL LINDLEY 1 Paul already owns his dream car, an Aston Martin DBS, but he’s planning to buy a Tesla S (fully electric car) when they become available in the UK this summer, having fallen for it after a test drive. 2 He grew up in Zambia and loves African [...]
The Long View: Bill Gates is gone and the dot-com era is over: It’s only the end of the beginning February 6, 2014 AS FACEBOOK turns ten, and with Bill Gates stepping down as Microsoft chairman, it feels like something is drawing to an end. But if so, it is only the end of the technological revolution’s beginning. It is extraordinary to look back now and think how visionary both Gates and Facebook’s Mark Zuckerberg were: Gates saw [...]
The market’s already come up with something that makes Nick Clegg’s electric car plan totally irrelevant January 30, 2014 Nick Clegg’s on a drive to make Britain the world leader in electric cars. Today, he announced that the government will invest more than £9m to up the number of charging points across the country. The government’s partnered up with major car manufacturers who are backing the suspectly-named Go Ultra Low campaign – which they [...]