By all indications, Robinhood has become the investing app for beginner retail traders. Its sleek design, flashy features, and simple interface have attracted 13 million users since 2013. Insider spoke with 10 users and industry experts to find out how Robinhood has transformed trading. Visit Business Insider’s homepage for more stories. James Orellana was waiting… Continue reading GENERATION ROBINHOOD: How the trading app conditioned its inexperienced users to obsessively play the market
Author: Business Insider
Elon Musk spoke with Miami’s mayor about building a $30 million tunnel under the city (TSLA)
Miami’s mayor is interested in Elon Musk’s plan to build a tunnel under Miami’s congested downtown. Musk said his startup, The Boring Company, could dig a tunnel for $30 million in six months. Musk claims the project would “solve traffic” in Miami, but critics aren’t convinced. Visit the Business section of Insider for more stories.… Continue reading Elon Musk spoke with Miami’s mayor about building a $30 million tunnel under the city (TSLA)
Elon Musk says don’t buy a Tesla during production ramps for best quality (TSLA)
Tesla CEO Elon Musk recommended the best time to buy a Tesla in an interview published this week. He said quality tends to be worse at times when Tesla is working to quickly ramp up production. Tesla was building Model 3s so quickly last year that paint wasn’t drying properly, Musk said. Visit the Business… Continue reading Elon Musk says don’t buy a Tesla during production ramps for best quality (TSLA)
Tesla may build a technology into its cars that could make them more secure and easier to find in parking lots
Tesla could hone its keyless entry by building ultra-wideband technology into its vehicles. The technology could allow drivers to easily locate their cars even in a crowded parking lot. UWB works similarly to Bluetooth and Wi-Fi, but with better accuracy. Visit the Business section of Insider for more stories. Tesla is honing the keyless entry… Continue reading Tesla may build a technology into its cars that could make them more secure and easier to find in parking lots
Tesla says its faulty touchscreens that led to a recall were only built to last 5-6 years (TSLA)
Tesla agreed to recall more than 134,000 of its cars over faulty touchscreens this week. US regulators said the failing displays could affect essential components like the rear-view camera. Tesla agreed to the recall, and said its screens shouldn’t be expected to last more than 5-6 years. Visit the Business section of Insider for more… Continue reading Tesla says its faulty touchscreens that led to a recall were only built to last 5-6 years (TSLA)
Alcohol delivery company Drizly was launched by cofounders in their early 20s right after college. It just sold for $1.1 billion.
If you can get dinner delivered to your door, why not wine? That’s the game plan for Uber Eats now that it is acquiring alcohol-delivery startup Drizly in a cash and stock deal valued at $1.1 billion. It’s a triumphant finish for Drizly and its investors but the road to get there was far from… Continue reading Alcohol delivery company Drizly was launched by cofounders in their early 20s right after college. It just sold for $1.1 billion.
One of Uber’s earliest investors says the billions it spent on self-driving were a ‘waste of money’ (UBER)
Early Uber investor Bill Gurley said the company “burned” billions of dollars on self-driving tech. That money would have been better spend on food delivery, he told journalist Eric Newcomer. Uber’s sold off its self-driving unit in late 2020 as it grappled with a revenue downturn. Visit Business Insider’s homepage for more stories. Uber’s food-delivery… Continue reading One of Uber’s earliest investors says the billions it spent on self-driving were a ‘waste of money’ (UBER)
Tesla is recalling 134,000 Model X and Model S cars with faulty touchscreens following regulator pressure
Tesla is recalling 134,951 Model X and Model S vehicles with potentially faulty touchscreens. The recall affects cars with 8GB media cards manufactured before March 2018. Last month, the National Highway Traffic Safety Administration (NHTSA) asked Tesla to recall the vehicles. Visit Business Insider’s homepage for more stories. Tesla started sending customers emails on Tuesday… Continue reading Tesla is recalling 134,000 Model X and Model S cars with faulty touchscreens following regulator pressure
Tesla’s Berlin Gigafactory will receive billions of dollars of funding from the German government (TSLA)
Last week, the German government confirmed it will fund part of Tesla’s Grünheide factory. Sources told Insider Deutschland that Elon Musk’s company will receive billions through a program designed to create a European battery ecosystem. German taxpayers will be funding the US car manufacturer’s German factory with a 9-digit figure, but the government declined to… Continue reading Tesla’s Berlin Gigafactory will receive billions of dollars of funding from the German government (TSLA)
Elon Musk said he expects to be CEO of Tesla for the next ‘several years,’ but that ‘it would be nice to have a bit more free time’ (TSLA)
Elon Musk said on Tesla’s Q4 earnings call that he expects to remain Tesla CEO for “several years.” He added that it would be nice to have “a bit more free time” instead of working seven days a week. Musk, who is CEO of Tesla and SpaceX, is known for his grueling, 80-hour workweeks. Visit… Continue reading Elon Musk said he expects to be CEO of Tesla for the next ‘several years,’ but that ‘it would be nice to have a bit more free time’ (TSLA)