|Day's Range||70.45 - 70.46|
Tesla did not invent the first electric car, but it did invent was the first successful business model for bringing compelling electric cars to the market.
On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.
Jeff Bezos has just placed the largest ever electric vehicle purchase order with a statup called Rivian Automotive, a company looking to rival Tesla
A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company. Tesla estimated the 2018 compensation package was worth $2.6 billion when it received stockholder approval in March 2018, although stock analysts at the time said it could be worth up to $70 billion if the company - which has yet to post an annual profit - grew quickly. The compensation award includes no salary or cash bonus for the Silicon Valley billionaire Musk, but sets rewards based on Tesla's market value rising to as much as $650 billion over the next decade.
Judge rules Elon Musk held sway over the company's compensation committee in designing package that could balloon to $70 billion.
As this week's Business Journal cover story about the explosion of Bay Area unicorns this year was being delivered to subscribers, several members of the herd made news. Here are the details about that and other venture news at the end of the week.
Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.
Amazon placed a bulk order for 100,000 electric delivery vans from Rivian. Amazon plans to phase out its current diesel vehicles in a systematic manner.
Yesterday, Morgan Stanley analyst Adam Jonas provided his thoughts on Tesla while maintaining his rating and target price on its stock.
Since Porsche launched the Taycan, Tesla has been trying to prove its supremacy in terms of various features. It recently revealed its upcoming Plaid Mode.
Earlier this year, the National Labor Relations Board required Tesla to post signs in its Fremont factory reminding workers that they could participate in union-related acts.
Sanjay Shah has more than 25 years of experience in operations, manufacturing, engineering, and supply chain management and will now oversee Beyond Meat's global operations and production, the company said in a press release. Prior to joining Beyond Meat, the executive served as Senior Vice President of Energy Operations at Tesla where he led the company's worldwide Energy business for about a year. Prior to Tesla, Shah worked from 2011 to 2018 at Amazon.com, Inc. (NASDAQ: AMZN) and served as a Vice President of North American Fulfillment Centers. At first glance, it may seem Shah's transition from tech giants to a plant-based foodmaker is a mismatch in skills and experience.
Morgan Stanley analyst Adam Jonas came out with a note claiming Tesla could more than triple its model lineup over the next 5 years. Now, what Jonas isn’t saying is that Tesla will have 9 models compared to the 3 it has out right.
No one has more to say about almost everything than (ORCL) (ORCL) founder Larry Ellison. Ellison, the company’s executive chairman and chief technology officer, and one of the richest people on Earth, has become even more important to Oracle’s day-to-day operations recently, given the recent announcement that co-CEO Mark Hurd is taking time off to deal with a medical issue. In connection with the conference, Oracle assembles a group of entrepreneurs the company supports under a program called Oracle for Startups.
A new Morgan Stanley report outlines how the aerospace company could disrupt the global internet industry with 12,000 satellites.