Tag: business
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Teslas Newest Promises Break the Laws of Batteries
Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible. Take the Tesla Semi: Musk…
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Lyft raising additional $500 million on top of recent $1 billion round
Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised in a round led by Alphabet venture arm CaptialG last month. The $500 million is an extension of that round, the company told Axios, and is not yet closed. But it should add to Lyft’s overall valuation once…
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Elon Musk Channels Knight Rider With His Roadster-Semi Reveal
Tesla just unveiled the world’s fastest long-haul semi truck, which can go from 0 to 60 miles per hour in only 5 seconds while pulling a trailer. The much-anticipated reveal was the subject of speculation for weeks, with observers wondering whether it would be a freight industry curiosity—or a transformation. The initial take is that it might…
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Teslas Model 3 Moment of Truth Is Here
When Tesla Inc. reports third quarter earnings Wednesday after the bell, the overwhelming focus will be on the production ramp of the Model 3—the more affordable electric car that is critical to Tesla’s mainstream success and profitability. Almost half a million people have placed $1,000 reservations for the car, but so far, only employees and close friends…
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Toyotas Concept-i Walk offers rolling personal mobility
Toyota’s thinking outside the car with one of two new Concept-i vehicles it revealed at the Tokyo Motor Show this year. The Concept-i Walk is a sidewalk mobility device that takes up the same physical space as a person walking and that can anticipate and avoid collisions automatically. It looks sort of like a scaled-down…
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Amazon Key system will allow delivery drivers to unlock customers’ doors
Couriers will be able to gain entry to properties, watched by the recipient on their mobile phone Would you let Amazon unlock your front door? That will be the question facing consumers after the online retailer launched a service allowing couriers to open customers front doors and leave deliveries inside. The Amazon Key system combines…
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Smartphones Are Killing Americans, But Nobodys Counting
Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008, she insists, when her car was broadsided by another vehicle while on her way to pick up cat food. The other driver, a 20-year-old college student, ran a red light while talking…
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Banks Pine for Loan Growth as Clients Wait on Trumps Promises
President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks. Lending growth probably decelerated for a fourth straight quarter in the three months ended Sept. 30 across more than a dozen of the biggest U.S. banks, according…
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Las Vegas Horror Drives All-Too-Predictable Gun Stock Rally
The grim predictability of stock-market reactions to U.S. mass shootings—where before a final tally of casualties can be reached, shares of gun makers rise—continued Monday in the wake of a Las Vegas attack that killed at least 58 and wounded 515. Historically, gun stocks have experienced a bump after a mass shooting for reasons both political…
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Uber apologises after London ban and admits ‘we got things wrong’
London mayor Sadiq Khan says he welcomes apology by CEO of ride-hailing app, which has been stripped of its licence Ubers chief executive has apologised for the taxi apps mistakes in London and promised to change as the company fights a decision by the city not to renew its licence. The firm is battling to…
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