Browsing: Tesla

No reason to fear the robot revolution

Machine learning is going to alter our world fundamentally for the better, improving healthcare and the manufacturing industry, and assisting in the prediction of supply and demand levels across a range of industries. For those who are into science-fiction

What Apple is really doing in the car space

After years toiling away in secret on its car project, Apple CEO Tim Cook has for the first time laid out exactly what the company is up to in the automotive market: it’s concentrating on self-driving technology. “We’re focusing on autonomous

Tesla now worth more than BMW

Tesla stock is the new ultimate driving machine. Shares of Elon Musk’s electric-car maker climbed 1,4% as of 11.10am Friday, boosting its market capitalisation to US$61,6bn, about $280m more than BMW. Tesla now ranks as the

Musk jumps off Trump train

Elon Musk has finally pulled the plug on Donald Trump. Musk, who has become the American icon of clean energy by leading electric car maker Tesla, said on Thursday he’d leave two White House advisory councils after the president’s

Ford’s new CEO brings Silicon Valley smarts

Jim Hackett once sold office furniture to Apple co-founder Steve Jobs. He also landed Jim Harbaugh to coach University of Michigan football. Neither were easy tasks. Now he has to convince investors and car buyers

BMW teases new 8-Series

BMW is plotting the revival of a high-end coupé to claw back market share lost to arch-rival Mercedes, part of a model blitz that BMW is billing as the biggest in its history. The sporty 8-Series two-door car is set to hit dealerships next

Tesla Model 3 on track, Musk assures

Tesla assured investors its highly anticipated Model 3 sedan is on track to begin production, mitigating concerns that the car maker, led by Elon Musk, is burning through more cash to bring the

Elon Musk hit with R7,8bn personal tax bill

One of the best-kept secrets of America’s billionaires is the size of their tax bills. Tesla has provided a rare glimpse into this world, disclosing on Thursday that its billionaire CEO, Elon Musk, paid at least $593m

Musk nears $1,4bn windfall

Only six remaining milestones stand between Tesla’s Elon Musk and an estimated $1,4bn windfall for the car maker’s billionaire CEO. Musk, who was awarded 5,27m stock options in 2012 tied to Tesla operational

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