Is Tesla still a growth company? January 31, 2019 An OK quarter from Tesla, certainly some of the worst immediate fears have not materialised, but the outlook is a little dubious. Back to back quarterly profits – the first time ever and only the fourth positive quarter since listing in 2010 – will get headlines but one must fear that CEO Elon Musk is [...]
Volkswagen is planning a new US plant for electric cars as it takes the fight to Tesla November 29, 2018 German car manufacturer Volkswagen is marking out spots for a future electric vehicle factory in North America, as major car firms gear up to face rival firm Tesla's impact on the market. The newly-appointed chief executive of Volkswagen's US arm said the firm is planning a new plant to build a car that has yet to [...]
Let’s take the lead on ethical marketing April 16, 2019 When the Initial Coin Offering (ICO) hype hit fever pitch in 2017 projects were selling hopes and dreams as they if they were just around the corner, and this ‘blockchain’ thing was about to change our lives forever. It changed many people’s lives for the better, and made a lot of millionaires – but not [...]
Tesla denies it is facing a deeper criminal probe into Model 3 production after reports suggest FBI had expanded investigation October 27, 2018 Tesla has denied claims it is facing a deeper criminal probe regarding the production guidance for its new Model 3 sedans. The electric car-maker responded to claims made in the Wall Street Journal on Friday, which said that Federal Bureau of Investigation agents were investigating the company. The report claims that the FBI are looking to [...]
Tesla shares fall as it cuts car prices and misses production estimates January 2, 2019 Shares in Tesla have fallen more than 10 per cent as markets opened this afternoon, after the electric vehicle manufacturer said it would be cutting the prices of its cars by $2,000 (£1,586). The carmaker was forced to partially absorb the cost of changes to a US green tax credit for electric vehicles, which almost halved yesterday to [...]
Musk’s Tesla tweet ‘makes a mockery’ of trading rules | City A.M. August 8, 2018 Elon Musk’s tweets suggesting he would take Tesla private “makes a mockery of public markets disclosure”, a director of Fidelity Investments has said. Musk last night said he was considering delisting the electric car firm, offering shareholders $420 per share – around a fifth higher than the price at the time. His comments – made [...]
Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]
Tesla hit with SEC subpoena over Model 3 production targets November 2, 2018 Tesla has received a subpoena from US regulators over company production estimates, the firm revealed today. The US Securities and Exchange Commission (SEC) is looking into claims that the electric carmarker has made over production of its Model 3 sedans last year. Department of Justice prosecutors have also asked for the company to provide [...]
Tech chiefs might build robots, but they need to act like humans and come back down to earth September 11, 2018 A decade ago, it would have been highly unlikely that the average Joe could name a single chief executive at any of the world’s largest tech companies. Bill Gates and Steve Jobs aside, this unique set of individuals has historically operated in the shadows. But today, like it or not, technology is deeply ingrained in our [...]
‘Big Short’ investor who foresaw 2008 crash warns against ‘Trotskyite’ Corbyn government November 4, 2018 A US investor who predicted the financial crash has said he could be impelled to short up to 50 UK firms if "Trotskyite" Jeremy Corbyn becomes Prime Minister. Steve Eisman, who is the subject of Oscar-winning film The Big Short, said the UK was one of the biggest risks he was watching as it negotiates its [...]