A federal probe was started after a 12th Tesla crash in December was believed to be tied to the auto pilot system. The technology at the time was suspected in four fatal accidents. … [Read more...] about Passenger inside autopilot Tesla breathes huge sigh of relief as car smoothly dodges lane-swerving truck on Vegas highway and averts crash
Coronavirus' top winners: From Netflix to Tesla Stay home, stay connected Few companies have been so talked about during the past few months as teleconferencing firm Zoom. At its peak, the company attracted more than 300 million participants on some days in April, up from 10 million in December, despite some PR troubles around privacy and security issues. The company's market cap has zoomed past $70 billion, up from around $16 billion at the time of its IPO last year. … [Read more...] about Tesla overlooked for S&P 500, stock tumbles by around one-fifth
However, eight years ago the fund managers James Anderson and Tom Slater began investing heavily in Tesla, when the shares were changing hands at about $6 each. This week they were trading at about $350, although significantly down from their peak of $498 in late August. … [Read more...] about Electrifying returns: Scottish firm makes £12.8bn investing in Tesla
And at times it did look like a tech bubble was about to burst again. Last Tuesday, Tesla’s shares fell 21% and Elon Musk’s net worth plunged $16.3bn (£12.7m), the largest single-day wipeout ever for a member of the Bloomberg Billionaires Index. Amazon’s founder, Jeff Bezos, lost $7.9bn. The whiplash continued throughout the week but, for many market watchers, it is still too soon to call time on tech’s stellar rise. … [Read more...] about Twenty years after the dotcom crash, is tech’s bubble about to burst again?
Cars and COVID-19: From shutdown to slow recovery Earnings slump At German premium carmaker Daimler, net profit fell 78% in the first quarter, bleeding the company's cash position down to a meager €617 million ($662 million). Securing liquidity has top priority now, says CFO Harald Wilhelm, as he throws out guidance for the year. Slumping demand, struggling parts supply and a difficult restart of production makes any outlook impossible, he says. … [Read more...] about German carmakers under pressure from coronavirus crisis and industry transformation