One is an automotive titan that has built more than 350m vehicles in an illustrious history spanning more than a century. The other is less than 15 years old and has never made a profit. And yet a 7% surge in the value of shares in electric car firm Tesla on Monday saw it zoom ahead of Ford Motor Company, in terms of its stock market value. As Wall Street closed for the day, Tesla, led by 45-year-old tycoon and futurist Elon Musk, was worth $49bn (£38bn), compared with a paltry $46bn for the empire built by Henry Ford. This astonishing overtaking manoeuvre says as much about the nature of stock markets as it does about these two very different carmakers. The old cliche among stock market investors is that you should “buy on the rumour, sell on the fact” – the idea that investment is more about what you expect to happen in the future than the current state of play. And Tesla, investors believe, is the standard-bearer of a battery-powered future – while Ford … [Read more...] about Tesla charges ahead to overtake Ford in market value
Tesla show on history channel
Five members of the Italian Tesla owners club claim to have set a new distance record, travelling 670 miles on a single charge in a Tesla Model S. The feat, which they say beats the previous record set in Belgium in June by 110 miles, used a longest-range Tesla Model S 100D and required the five drivers to employ so-called “hypermiling” techniques, which saw them use as little energy as possible by maintaining a constant speed, using low rolling-resistance tyres and trying not to use the brakes. The team said they drove without air conditioning at an average speed of just 25mph (40kmph), reaching 670 miles before coming to a stop with 0% charge on the meter. Luca Del Bo, president of the club, said: “To complete the 1,078km record distance, we used 98.4 kWh of electricity, which is equivalent to eight litres of gas. “This has been possible thanks to the very high output of the electric engine that transforms 95% of the energy into motion. Just consider that the … [Read more...] about Tesla drivers claim Model S distance record of 670 miles on one charge
The new Apple Mac Pro hit the tech news headlines this week for two reasons: undisputed levels of power and an eye-wateringly overwhelming price tag.The computer, which became available to buy Tuesday, is advertised with a base price of $5,999, but as commentators note, the top configuration will actually set you back over $52,000. And that's before you add the "Pro" monitor or "Pro" stand, which will cost an additional $6,000. With a top price greater than the base version of the Tesla Cybertruck, which costs $39,900, is the Mac Pro worth it? For its audience, the answer may be yes.For its part, Apple has been clear about who the device is for. Spoiler: Netflix gazers, casual shoppers and Facebook addicts may not need the one of the world's most powerful graphics cards and 28 CPU cores.As marketing executive Phil Schiller noted in the June media release debuting the return of the cheese grater-style aesthetic, the powerhouse is designed for those who require "extreme performance, … [Read more...] about The New Apple Mac Pro Computer Can Cost More than a Tesla Cybertruck—Is It Worth It?
Tesla has agreed to acquire Grohmann Engineering, a German firm that specializes in automated manufacturing. Founder Klaus Grohmann will also be joining Tesla and will head a new division within the automaker called Tesla Advanced Automation Germany. Tesla plans to add an additional 1,000 engineering and technician jobs in Germany, on top of Grohmann’s existing 700 employees, over the next two years as the company looks to aggressively ramp up electrical vehicle production at its Fremont, California factory. Tesla has said it wants to increase production from around 80,000 cars in 2016 to 500,000 cars in 2018. Its more affordable Model 3 EV is expected to begin production late this year. This is the first “significant” acquisition in Tesla’s history, said Tesla CEO Elon Musk. “Because automation is such a vital part of the future of Tesla, the phrase I’ve used before is that it’s about building the machine that’s building the … [Read more...] about Tesla acquires a German automation company to accelerate vehicle production
Amazon this morning rolled out another perk for subscribers to its Amazon Prime membership program: free access to Audible’s short-form digital programming called Audible Channels, as well as a selection of free audiobooks. Amazon says members will have access to a rotating selection of over 50 audiobooks from Audible’s catalog. That’s similar to how the Kindle Lending Library works – members don’t get to check out just any book, but instead can pick and choose from a selection of those available for lending. The audiobook selection will include a mix of best sellers, family favorites, and celebrity-narrated classics, the company says. Audible Channels, meanwhile, is a newer service Amazon-owned Audible launched in July, which aims to tap into consumers’ growing interest in podcasts and other audio programming. However, Channels isn’t exactly a podcast service, but rather features a mix of bite-sized, ad-free content from original content … [Read more...] about Amazon adds another Prime benefit: free podcasts from Audible Channels and free audiobooks
On Friday, appearing with Fox News’ “The Story” with host Martha MacCallum to discuss his new book, “The Right Side of History: How Reason and Moral Purpose Made the West Great,” Daily Wire Editor-In-Chief Ben Shapiro spoke of the recent furor triggered when the left-wing British publication The Economist first insultingly referred to him as “alt-right,” then apologized, only to change the adjective to “radical conservative.” Shapiro channeled Democratic presidential candidate Beto O’Rourke, saying, “I’m rad, dude. I can skateboard and everything, brah.” MacCallum began by citing President Trump’s remarks on Thursday at a rally in Michigan in which Trump weighed in on the Jussie Smollett saga. Trump’s remarks prompted the Congressional Black Caucus (CBC) to state that Trump’s “silence on the rise of white nationalism across the country only signals his complicity,” adding, … [Read more...] about WATCH: Shapiro Channels Beto O’Rourke After Being Called ‘Radical Conservative’