Taxi unions are not the only government protected industry that ride-sharing companies are overhauling. Auto dealerships are indirectly feeling the heat, as American teens skip getting their driver’s license. Once an established past-time in American culture, in the last 30 years, the number of 16-year-olds with driver’s licenses has plummeted 40%, according to a 2012 article published in the journal of Traffic Injury Prevention.
By doubling the percentage of electric power generation that must be “renewable” by 2020 to 33 percent, California–with the highest poverty rate in the nation–will continue paying the highest utility rates in the nation.
Competition is about to crank up in the emerging plug-in luxury vehicle sector, with Mercedes debuting its C350e plug-in hybrid-electric sedan this September at about half the cost of Tesla Model S sedan. Mercedes will also become the first car company to deliver diesel powered full-size sedans and SUVs at discounts to gasoline equivalents.
Computer geek activists demonstrate against robots at SXSW; Yemen’s Houthi-controlled Supreme Revolutionary Committee calls for ‘general mobilization’; US military forces evacuating Yemen, fearing AQAP attacks
Despite all the mainstream media naysayers “dissing” Apple, Inc. (NASDAQ: AAPL) for designing and building a car, I believe the economics are overwhelmingly favorable for Apple to extend its brand to vehicles.
Texas State Senator Kelly Hancock (R-North Richland Hills) introduced a bill to allow Tesla Motors to directly sell vehicles to consumers. The bill would allow the automaker to bypass franchise dealerships they consider to be an unnecessary middleman. The Texas House introduced an identical companion bill.
Apple Inc. on Friday leaked that the iconic smartphone maker is on a crash program to design an electric vehicle and is bidding big bucks to recruit Tesla employees. Court filings also disclose that electric-car battery maker A123 Systems is suing Apple for illegally poaching top engineers to build a large-scale battery division.
On June 12, 2014, Tesla CEO Elon Musk said on the company’s web site that “All Our Patent Belong to You.” In adopting an “open source” policy to allow others to use the company’s patented intellectual property for free, Tesla’s stock (NASDAQ-TSLA) went up and the company got lots of publicity. But the statement preserved patent rights by requiring “good faith”, which is definitely not “open source.” Now, in a bizarre move, Musk has announced unlimited free-use of Tesla’s patents. Twenty-four hours later, Apple leaked that it is designing an electric vehicle and is now bidding to recruit Tesla employees.
In a September 2014 interview with Charlie Rose, Apple CEO Tim Cook said “There are products that we’re working on that no one knows about. That haven’t been rumored about yet.” That same month, Apple hired the president and chief executive of Mercedes-Benz Research and Development North America, Johann Jungwirth. Let the rumors begin.
Tesla (NASDAQ:TSLA) stock price plunged by -7.4% in premarket trading on Thursday after the company announced that deliveries had fallen short, problems had affected production, and a strong dollar had hurt earnings. Those earnings turned out to be a real
Until recently, Apple, like the queen in Snow White, may have been the fairest visionary company of all, but there’s a Snow White company challenging Apple as the cutting edge of business: Tesla.
Instead of paying the record-breaking $4.5 million for a 30-second Super Bowl XLIX ad in hopes of going viral, Tesla apparently leaked a cell phone video of its blazingly fast Model X crossover, ripping it on a California pier and dominating downloads over the weekend.
Despite falling from $286.04 to $222.41 since September, Tesla Motors, Inc. stock is still rated by 13 Wall Street analysts as a buy, and only one doubting Thomas rates the company “underperform.” But facing a collapse in gas prices that is undermining the advantage of electric cars, Tesla is promising big performance improvement to stem any customer defections.
On Dec. 26, Tesla previewed its next generation of Sports Roadster that will feature up to a 50% improvement in charge range. Tesla claims that design refinements and a 31% increase in energy storage will allow the Roadster 3.0 to drive easily from San Francisco to Los Angeles on a single charge. Tesla has not set a release date or pricing at this time.
Tesla founder Elon Musk’s new project, a high-speed tube transportation system called the “Hyperloop” that would take passengers from Los Angeles to San Francisco in roughly 30 minutes, could become a reality within 10 years, according to Hyperloop CEO Dirk
