August 3, 2018 Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. A deal would mark the latest stage of consolidation in China’s once-booming bike-sharing industry, where… Continue reading China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
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Tesla had its best day in over 4 years after promises of a profitable second half
Shares of Tesla closed more than 16 percent up Thursday, a day after CEO Elon Musk and the automaker promised a profitable second half of 2018 during its second-quarter earnings report.
Fiat-Chrysler shares jump nearly 4% as Magneti Marelli spinoff appears more likely
Fiat-Chrysler Automobiles has rebuffed buyers interested in its automotive parts unit Magneti Marelli and is holding fast to its plan to spin off the business, reported Bloomberg Thursday, citing sources.
Tesla shorts lose more than $1 billion on post-earnings surge
Investors betting against Tesla lost more than $1 billion Thursday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners.
Elon Musk’s apology ‘sounded like someone was ripping his spleen out,’ NYU’s Scott Galloway says
Tesla CEO Elon Musk may have apologized to his stakeholders on this week’s earnings call for his erratic behavior three months ago, but New York University professor Scott Galloway wasn’t impressed.
Stop Uber From Flooding New York
On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York
Actually, Curbing Uber Won’t Relieve Heavy Traffic
Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic
Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020 (TSLA)
Tesla’s CEO, Elon Musk, and CTO, JB Straubel, suggested the company may not hit its goal of making 1 million vehicles by 2020 during its second-quarter earnings call on Wednesday. After Wall Street Journal reporter Tim Higgins asked if the company still planned to make 1 million vehicles in 2020, Musk and Straubel said that… Continue reading Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020 (TSLA)
Highlights of Elon Musk on Tesla’s earnings call: ‘I would like to apologize’
I would like to apologize for being impolite on the prior call. Obviously I think there’s really no excuse for bad manners and I was violating my own rule in that regard. There are reasons for it, I got no sleep, 120 hour weeks, but nonetheless, there is still no excuse, so my apologies for… Continue reading Highlights of Elon Musk on Tesla’s earnings call: ‘I would
like to apologize’
Elon Musk makes the ‘most valuable apology of all time’ on Tesla’s earnings call
Wall Street is happy over Tesla’s quarterly results and guidance, but Elon Musk’s apologies to multiple analysts may even be more important to the company’s shares and investor sentiment.