Qualcomm accuses Apple of stealing trade secrets to bolster its chip deal with Intel September 25, 2018 US chipmaker Qualcomm has hit out at Apple with fresh accusations of the Cupertino tech firm stealing trade secrets and passing them on to rival chipmaker Intel. Qualcomm believes Apple is attempting to groom Intel for future chip deals for its flagship iPhone and iPad products. Qualcomm provided the chips for the iPhone up until [...]
Tesla boss says Saudis want to support buyback August 13, 2018 Elon Musk said today that he is in talks with Saudi Arabia’s Public Investment Fund (PIF) about taking Tesla private, but admitted that the exact sources of funding have not been confirmed. Musk said in a blog post that the PIF’s managing director had expressed “strong support for funding a going private transaction for Tesla” [...]
How climate change claimed its first corporate casualty and the lesson for income investors March 8, 2019 The last few decades have seen the perception gain ground in markets that a combination of cash generation and state backing makes utility companies pretty much shockproof as income-yielding investments. The fate of Pacific Gas & Electric (PG&E), which last week filed for bankruptcy protection in the US, should serve as a stark reminder no [...]
Mercedes-Benz to unveil its first Tesla-challenger electric SUV September 3, 2018 Mercedes-Benz is set to lift the hood on its first electric vehicle tomorrow, debuting its EQC electric SUV to challenge Tesla's hold on the luxury battery-powered market. Early publicity efforts from Mercedes have largely echoed a Tesla-style approach in order to appeal to its young and trendy demographic, releasing a series of teasers for the new [...]
Tesla shares bounce back after Elon Musk agrees to step down as chairman October 1, 2018 Tesla shares have jumped over 16 per cent following a backlash last week over the company's $40m (£31m) fine from the US Securities and Exchange Commission (SEC). Musk has been pursued by the SEC over a tweet he sent in August saying he has secured funding to take Tesla private at $420 per share. The SEC said [...]
Tesla shares rise after short-seller reverses opinion to predict long-term success October 23, 2018 Tesla's share price rose almost seven per cent this afternoon, after a long-term critic of the electric vehicle manufacturer reversed its short position on the firm. Citron Research changed its tune on Tesla from "short" to "long", writing in a research note that its Model 3 sedan is "a proven hit, and many of the [...]
Time to face the music: US regulator wants answers over Musk tweet August 17, 2018 Tesla shares fell tonight on reports that the US markets regulator is seeking to question the car giant’s executives over boss Elon Musk’s plan to take the company private. The Securities and Exchange Commission (SEC) has sent subpoenas to Tesla as part of its investigation, Fox News reported. Tesla’s shares dropped four per cent on the [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
The British diver accused of being a paedophile by Elon Musk is preparing to sue him for libel August 29, 2018 Vernon Unsworth, the British diver accused of being a paedophile by Tesla boss Elon Musk, is said to be "preparing a civil complaint for libel" through his legal counsel. A letter from Unsworth's lawyer L. Lin Wood, dated to 6 August and seen by Buzzfeed News, provided grounds for a possible lawsuit against Musk for [...]