Elon Musk’s ‘erratic behaviour’ causes Nomura to downgrade Tesla stock September 11, 2018 Tesla’s share price was set rocking by an investment bank downgrade today, with chief executive Elon Musk’s “erratic behaviour” cited as a reason for the price adjustment. Tesla’s shares fell by almost four per cent to $274.14 after Nomura cut its target price in the wake of Musk making yet more headlines with behaviour such as [...]
Elon Musk: Tesla to remain a public company August 25, 2018 Tesla chief executive Elon Musk said last night that Tesla would remain a public company, despite previously announced plans to take it private. In a blog post on electric car company Tesla’s website Musk wrote: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, [...]
Shareholder pleads with Musk to keep Tesla public August 23, 2018 A Tesla shareholder has written an open letter to chief executive Elon Musk in a bid to abandon a deal to take the company private, in which she argues the car firm's value could skyrocket up to $4,000 (£3,121) per share within five years. Catherine Wood, chief executive of ARK Invest which holds shares in [...]
Russia moves to block encrypted messaging app Telegram April 6, 2018 Russia’s media regulator has filed a lawsuit to block the encrypted messaging app Telegram in the country. The watchdog Roskomnadzor is seeking to limit access to the app, a rival to WhatsApp, after the firm failed to give Russian FSB security service access to encrypted messages before a 4 April deadline. It follows reports that [...]
Elon Musk’s fall should bring our stratospheric expectations down to earth July 20, 2018 Stop what you’re doing, everyone. Elon Musk – serial entrepreneur, space crusader, and cult figure to climate progressives – has given us the one thing we never expected to see from him: an apology. The Tesla founder had little choice. While the world was celebrating the miraculous rescue of the 12 boys and their football [...]
All eyes on The Amazon June 8, 2018 All Eyes on the Amazon has been awarded £300,000in funding from players of People's Postcode Lottery. This funding will save one million hectares of Brazilian Amazon rainforest through an innovative training programme for local forest ranger teams. This will allow them to use drones, smartphones, and satellite-based monitoring systems to collect images, maps, and stories [...]
Ride-hailing giant Uber is in talks to team up with rival Waymo on driverless cars, says CEO May 31, 2018 Ride-hailing firm Uber is now in talks with Alphabet’s autonomous driving firm Waymo on a possible future together using Uber’s taxi app despite its previous rivalry, its CEO said last night. Speaking at a conference in the US, Dara Khosrowshahi said that Uber’s relationship with Waymo has been improving since the outcome of a legal [...]
Tesla short-sellers have the last laugh August 19, 2018 Tesla short-sellers have made a bumper $1.2bn (£940m) paper profit since the car company’s colourful chief executive Elon Musk said he is considering taking the business private. Despite making some initial gains in the immediate aftermath of Musk’s tweet on 7 August, in which he declared that funding for the move had been secured, the [...]
Martin Lewis sets out demands to Facebook ahead of court action May 16, 2018 Money guru Martin Lewis has said he will settle his legal action against Facebook if the social networking site meets his demands. Following a meeting with senior Facebook executives at the company’s London offices, Lewis took to social media to say he was “hopeful” that the situation could be resolved. “I don’t particularly want my [...]
KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment June 26, 2018 Big four accountant KPMG has told under-fire Malaysian state fund 1MDB that its audits for three years do not provide an accurate picture and should not be relied upon. The fund is at the centre of a massive political and financial scandal and currently faces money laundering investigations in six countries including the US. It [...]