Tesla’s(NASDAQ: TSLA) acquisition of SolarCity has been an abject failure by almost any measure. Solar didn’t end up rounding out the product offering for EV buyers, it only hurt Tesla’s balance sheet, and the companies have already abandoned the idea of sell…
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Elon Musk Bashes ‘Fool’s Errand’ Sensor Tech; Tesla Critics Clap Back
By CCN: Elon Musk and Tesla are betting big on self-driving cars. Musk’s critics, however, believe that his hatred for lidar (light detection and ranging) technology is misguided considering that these sensors are crucial to autonomous cars. Musk believes th…
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Billionaire: Elon Musk Should Turn SpaceX Stock into a Cryptocurrency
By CCN: Elon Musk might be burning through cash as he seeks to steady the teetering Tesla ship, but hedge funder Mike Novogratz hinted that he would be first in line to invest in his fellow billionaire’s other high-profile project, SpaceX. If SpaceX ever laun…
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Trump’s tariffs are inflicting pain and uncertainty across the market. Comments from very different American companies show how.
The impact of the trade war between the US and China can be summarized by a comment last week from Stanley Black & Decker CEO James Loree. “So it’s been a great 20 years of shareholder value creation,” he said in a presentation with analysts at an indu…
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The brands upending retail, an exclusive invite, and hot cannabis startups
Hello! Direct-to-consumer brands like Away, Brooklinen, and SmileDirectClub grew up on Google, Facebook, and Instagram, upending the retail business along the way. Now, they’re starting to broaden their horizons. “We found that digital platforms scaled …
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