Tag: week
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Why Ford is bullish on domestic EV manufacturing
The auto giant is moving forward with ambitious plans to invest $11.4bn in new EV and battery factories in Tennessee and Kentucky Ford CEO Jim Farley, whose grandfather devoted his professional life to the automaker’s Rouge Complex in Dearborn, Michigan, worries everyday about employment risks related to the electric vehicle transition. As Farley and other…
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Bitcoin leaps 12% to six-week high
HONG KONG/SINGAPORE: Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.Bitcoin rose as far as 12.5% to hit $39,850, its highest since mid-June…
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With Full Self-Driving available on demand, be wary of any and all Teslas
In the past week, Tesla’s Full Self-Driving beta program went from about 2,000 select drivers testing it to almost any Tesla owner in the U.S. willing to cough up at least $200. U.S. drivers make up at least half of the more than 1.4 million Teslas worldwide, so there’s a lot more opportunity to encounter…
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Funniest/Most Insightful Comments Of The Week At Techdirt
This week, our first place winner on the insightful side is Bloof with some thoughts about Rupert Murdoch’s antitrust hypocrisy: Rupert Murdoch is also against socialism, while pushing for laws in Australia so more successful companies are forced by the government to give his media empire free money. Rupert Murdoch is against socialised medicine, yet…
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Global Briefing: French court orders government to justify failure to deliver bolder climate plan
French legal rulings, Indonesian forest protection efforts, and plans to make Australia a renewables superpower, all feature in this week’s green business round-up from around the world Court gives French government three months to explain why climate plan is not in line with emissions goals France has this week become the latest country where climate…
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Apple reportedly acquired VR startup Spaces as it continues its buying spree and foray into virtual and augmented reality (AAPL)
Josh Edelson/Getty Images Apple has acquired VR startup Spaces, Protocol reported Monday. Spaces, that creates themed virtual surroundings, had increased nearly $10 milion, according to PitchBook, but Protocol reported that the organization was struggling throughout the pandemic. Apple has made at least seven acquisitions this year, including another digital reality startup, NextVR, since it invests…
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Mukesh Ambani pips Larry Page, Sergey Brin & Elon Musk to become 6th richest person in world
By Blake Schmidt(Bloomberg) –India’s richest man surged beyond Silicon Valley tech titan Elon Musk in addition to Alphabet Inc. co-founders Sergey Brin and Larry Page to develop into the planet ’s sixth-richest person.The chairman of Reliance Industries Ltd., whose riches surpassed Warren Buffett’s final week, is now worth $72.4 billion, according to the Bloomberg Billionaires…
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Trump to attend Elon Musk’s SpaceX launch in Florida next week
TALLAHASSEE, Fla. — President Donald Trump plans to travel to Kennedy Space Center in Florida on Wednesday to witness the launch of the first Americans into space in almost a decade, a former White House official said Friday. 2 NASA astronauts, Bob Behnken and Doug Hurley, will travel aboard the SpaceX Crew Dragon capsule on…
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Tesla just reportedly checked out Tulsa and Austin as potential sites for its Cybertruck factory
Reuters Tesla representatives visited Tulsa, Oklahoma, and Austin, Texas, this week to scope out a potential site for its own fifth Gigafactory, based on a TechCrunch report. The most recent Gigafactory will create the Tesla Cybertruck and Model Y. Tesla will announce which of those two finalist cities will be the site of this Gigafactory…