Investors are looking at Uber and Lyft as early signs of how the economic recovery may take shape. Analysts told Insider the companies’ fates are closely tied to post-pandemic travel and consumer trends. They said Uber and Lyft became much more nimble during the pandemic, but uncertainty remains. Visit the Business section of Insider for more… Continue reading Uber and Lyft are ‘proxies for the reopening’ as investors look to rideshare to predict the pandemic recovery (UBER, LYFT)
Author: Business Insider
‘Absolutely brilliant’: an auto-manufacturing expert praised Tesla’s latest self-driving software after a test ride (TSLA)
Auto-manufacturing expert Sandy Munro praised Tesla’s latest self-driving tech after a test ride. During an interview with Elon Musk, Munro said the system should hit the market as soon as possible. Tesla released a beta of its “full self-driving” mode, which doesn’t yet make cars autonomous, last year. Visit the Business section of Insider for more… Continue reading ‘Absolutely brilliant’: an auto-manufacturing expert praised Tesla’s latest self-driving software after a test ride (TSLA)
The CEOs of 3 top battery startups reveal how they plan to attack a booming market dominated by incumbents
Gene Berdichevsky, CEO of Sila Nanotechnologies Sila Nanotechnologies Everyone but Gene Berdichevsky, was probably shocked when he dropped out of Stanford to go work at Tesla in 2004, becoming just the seventh person to join the team. But the then-20-year-old didn’t care if he had to clean the bathrooms at the new company, he had… Continue reading The CEOs of 3 top battery startups reveal how they plan to attack a booming market dominated by incumbents
Kanye West and Elon Musk are slated to appear on a Clubhouse talk show hosted by a Facebook employee and her VC husband
As buzz behind the invite-only conversation app Clubhouse continues to build, one couple seems to be driving public interest in the new application. The roughly month-old talk show on Clubhouse, “The Good Time Show,” has found a way to draw out high profile characters like Tesla CEO Elon Musk, as well as Facebook CEO Mark… Continue reading Kanye West and Elon Musk are slated to appear on a Clubhouse talk show hosted by a Facebook employee and her VC husband
XRP jumps 15%, while bitcoin and ether trade near record highs as Tesla, BNY Mellon and Mastercard warm to cryptocurrencies
Ripple’s XRP cryptocurrency jumped on Friday after interest in bitcoin surged SOPA Images/Getty Images The XRP price jumped on Friday as interest in cryptocurrencies surged after Elon Musk’s Tesla snapped up $1.5 billion of bitcoin and BNY Mellon and Mastercard took steps towards using the digital tokens. XRP, the cryptocurrency of the Ripple network, rose… Continue reading XRP jumps 15%, while bitcoin and ether trade near record highs as Tesla, BNY Mellon and Mastercard warm to cryptocurrencies
Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
Elon Musk said he wanted the next Roadster to be able to hover “like a meter” off the ground. He told Joe Rogan he was trying to work out how to do this “without, you know, killing people.” Musk has already promised some versions of the Roadster will come with rocket thrusters. Visit the Business… Continue reading Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
Tesla’s success and pro-EV regulations could help Rivian target a $50 billion IPO valuation. The young startup has advantages over some EV companies that went public in 2020, a top VC says. They include experience, big-name backers, and a smart strategy. Visit the Business section of Insider for more stories. Rivian is looking to follow… Continue reading A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)
Uber reported its Q4 2020 earnings on Wednesday, and its mixed results highlighted the uncertain road ahead for the company, which has yet to turn a profit in its twelve-year history. Uber beat Wall Street’s earnings expectations, losing $0.54 per share versus estimates of $0.55 — but it fell short on revenue, with $3.17 billion… Continue reading Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)
Uber CEO says the company will consider accepting Bitcoin from customers
Uber’s CEO Dara Khosrowshahi said on Thursday that the rideshare company is open to accepting Bitcoin as a currency. “Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact,” he told CNBC’s “Squawk Box,” of Uber’s thoughts on adding Bitcoin as… Continue reading Uber CEO says the company will consider accepting Bitcoin from customers
Elon Musk predicts Austin, Texas will be ‘the biggest boom town that America has seen in 50 years’ (TSLA)
Elon Musk thinks Austin, Texas, is the next big thing. The city will be the “biggest boom town” the US has had in 50 years, he said on Joe Rogan’s podcast. The Tesla CEO moved to Texas after spats with California’s public health officials. Visit the Business section of Insider for more stories. It’s no… Continue reading Elon Musk predicts Austin, Texas will be ‘the biggest boom town that America has seen in 50 years’ (TSLA)