Steve Westly said Tesla is facing an increasingly crowded electric-car market. The former board member said Tesla could lose buyers to companies like General Motors or Volkswagen. Tesla is looking to make a cheaper vehicle and expand its market in other countries like China. Visit the Business section of Insider for more stories. Former Tesla… Continue reading Early Tesla investor is worried about competition encroaching on Elon Musk from all sides
Author: Business Insider
Inside the cult of Cathie Wood, the rockstar stock-picker whose ETFs are dominating 2021
So far, this year has belonged to Cathie Wood. You could argue last year did too. The founder of ARK Invest has seen flows into her active exchange-traded funds beat those of massive franchises like BlackRock’s iShares, thanks to her blockbuster 2020 performance, which was driven by bets into mega-growth stocks like Tesla. Her funds… Continue reading Inside the cult of Cathie Wood, the rockstar stock-picker whose ETFs are dominating 2021
Lyft jumps as company marks best week for rides since the start of the pandemic (LYFT)
Mario Tama/Getty Images Lyft shares picked up more than 6% Wednesday following an upbeat February-trends update. Rideshare volume toward the end of February had its best week since pandemic lockdowns began in March 2020. Lyft forecast an adjusted EBITDA loss of $135 million, which is narrower than its previous loss projection of up to $150… Continue reading Lyft jumps as company marks best week for rides since the start of the pandemic (LYFT)
SPAC-mania is coming for self-driving startups in 2021, a top VC predicts
VC Reilly Brennan thinks SPAC sponsors have been looking to Tesla for ideas. After a wave of EV-related companies went public in 2020, automated-driving companies are next. Brennan thinks firms making autonomous semi trucks will be first in line. Visit the Business section of Insider for more stories. Special-purpose acquisition companies (SPACs) exploded in 2020,… Continue reading SPAC-mania is coming for self-driving startups in 2021, a top VC predicts
Elon Musk reportedly ghosted the Kremlin after inviting Putin to a Clubhouse chat (TSLA)
Elon Musk reportedly didn’t respond to a follow up about chatting with Vladimir Putin on Clubhouse. Musk tweeted at the Kremlin last month, inviting Putin to join him on the popular audio app. A Kremlin spokesperson said Musk didn’t respond and called the situation a “misunderstanding.” Visit the Business section of Insider for more stories.… Continue reading Elon Musk reportedly ghosted the Kremlin after inviting Putin to a Clubhouse chat (TSLA)
A high-end car service backed by Daimler is launching in 8 US cities as it attempts to compete with Uber and Lyft (DMLRY)
Upscale ride-hailing platform Blacklane launched an on-demand chauffeur service on Monday. The service is starting in New York and will launch in 20 additional cities this month. Blacklane also lets customers schedule a ride or pay by the hour. Visit the Business section of Insider for more stories. Luxury ride-hailing firm Blacklane is introducing an… Continue reading A high-end car service backed by Daimler is launching in 8 US cities as it attempts to compete with Uber and Lyft (DMLRY)
The real reasons we don’t have flying cars
For over a century, engineers and automakers have explored the concept of flying cars. We’ve seen endless examples and been led to believe they were just around the corner. We break down why road-ready aircraft aren’t ready for mass production or ride-hailing. Visit the Business section of Insider for more stories. Following is a transcript… Continue reading The real reasons we don’t have flying cars
Elon Musk and Bill Gates have sparred over everything from the coronavirus to electric cars. Here’s where their simmering feud began and how it’s escalated amid the pandemic. (TSLA)
Gates doesn’t appear to be a fan of Tesla vehicles, and he’s said as much publicly. Bill Gates.Elaine Thompson/AP In February 2020, Gates said during an interview with the YouTuber Marques Brownlee that while Tesla had helped to drive innovation and adoption of electric vehicles, he recently bought a Porsche Taycan. In September, Musk tweeted… Continue reading Elon Musk and Bill Gates have sparred over everything from the coronavirus to electric cars. Here’s where their simmering feud began and how it’s escalated amid the pandemic. (TSLA)
Investor Paul Singer warned of ‘head-smacking craziness’ in markets and said there could be ‘trouble ahead’
Elliott Management boss Paul Singer struck a pessimistic tone on bitcoin and Tesla CNBC/Getty Images Billionaire investor Paul Singer told clients that early 2021 has been a period of “head-smacking craziness” for US stocks and warned there could be “trouble ahead.” The boss of $42 billion investment group Elliott Management also struck a pessimistic tone… Continue reading Investor Paul Singer warned of ‘head-smacking craziness’ in markets and said there could be ‘trouble ahead’
Tesla slips as report says the EV maker will idle Model 3 line at its Fremont factory for two weeks (TSLA)
FILE PHOTO: The Tesla factory is seen in Fremont Reuters Shares of Tesla slipped as much as 4% on Thursday after a report said the EV maker will idle the Model 3 line at its Fremont, California factory for two weeks. Staff on the Model 3 line in Fremont were told production would be shut… Continue reading Tesla slips as report says the EV maker will idle Model 3 line at its Fremont factory for two weeks (TSLA)