Opinions expressed by Entrepreneur contributors are their own. The internet heavyweights were all down sharply as various media reported that the Justice Department and Federal Trade Commission were planning to launch investigations of the companies. Faceboo…
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Can Tesla Ever Be More Than a Niche Automaker? Wall St. Increasingly Thinks No
The waning optimism around Tesla began earlier this year. Mr. Musk warned of a difficult road ahead and announced price cuts, and the company laid off 7 percent of its work force. But the concerns flared after Tesla reported a first-quarter loss of $702 mill…
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Jay-Z’s Journey From The Projects To The Billionaire’s Club And Other News To Start Your Day
The topline of todays news: Anonymous bidder pays $4.6 million on a lunch with Warren Buffett; A closer look at Apple’s recently-patented new camera devices; Aladdin’s star Mena Massoud sues Tesla over a crash in Hollywood Boulevard.Want To Have Lunch With Wa…
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Tesla is ‘structurally unprofitable’, analysts say
Analysts have described Tesla as structurally unprofitable as Elon Musks electric car company battles with a slowing in demand and increased competition. Analyst firm Sanford C. Bernstein & Co said that Tesla faced high costs, a smaller market for its mo…
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BMW Driver Smashes Into Emergency Vehicle In Germany
The driver of a silver E90 BMW 3-Series sedan failed to slow down in time to allow an emergency services van safe passage through an intersection in the German city of Leverkusen, resulting in a serious crash. The accident took place last week on May 31st, a…
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