Posted by Dale Buss on December 4, 2013 09:18 AM
Snapchat hires away Emily White, Instagram's ad exec, to be company COO.
Mercedes-Benz CLA comes through and cements US sales lead over BMW.
Newsweek plans return to print.
Applebee's rolls out tablets nationwide.
Benetton rises above Levi's to become India's top international fashion brand.
BJ's Wholesale Club owners express interest in buying Hess gas stations.
Boeing tantalizes states with 777x production.
China issues 4G mobile licenses to country's three main telecom companies.
Drake announces partnership with Nike's Jordan brand.
Greenpeace makes Christmas a downer with Santa reporting from melting Arctic.
JCPenney finally reports comp-sales increase.Continue reading...
Posted by Dale Buss on December 2, 2013 11:22 AM
Elon Musk is going on a rocket ride this evening, and it has nothing to do with the price of Tesla's stock. The serial entrepreneur will be watching as his other high-profile startup, SpaceX, is scheduled to make a critical commercial-satellite launch at 5:41 p.m. ET from Cape Canaveral.
It'll mark entry by SpaceX into the commercial-satellite market with its Falcon 9 rocket after a series of test flights and launches for NASA and the Canadian Space Agency. It will be the second of three flights the upgraded Falcon 9 must make before it can qualify for US military-launch business. The launch also will mark a crucial update on the progress of a company that plans to put rank-and-file passengers into space sometime in 2014.
And, of course, the launch will mark another testament to the engineering and entrepreneurial skills of the much-lauded Musk. He's been busy lately with Tesla, the electric-vehicle startup that has rocketed to the national and investor forefront over the last several months.Continue reading...
Posted by Dale Buss on September 30, 2013 09:22 AM
Apple named world's most valuable brand, passing Coca-Cola, on Interbrand's Best Global Brands 2013 report.
JetBlue launches premium brand, Mint.
IKEA starts UK solar push.
AOL to start advertising on TV again.
BlackBerry starts selling unlocked phones direct to US buyers.
DirecTV plans to help finance indie films.
Ford sends the checks to soothe C-Max owners on fuel economy as company is said to retain CEO Alan Mulally's "absolute focus" despite reports about Microsoft job, while Ford prepares heir apparent.
GM can't keep up with demand for V-8 pickups.
Home Depot scales up Redbeacon service for small contracting jobs.
Intel invests in wearable device maker Recon.
JCPenney remains on the brink.Continue reading...
Posted by Dale Buss on August 29, 2013 05:37 PM
Call it The Tesla Effect: a strange pack mentality that is said to have overtaken traditional automakers that don't offer an extravagantly expensive all-electric vehicle, weren't founded by a modern super-successful serial entrepreneur, don't dare the federal government to make crash tests harder and can't find a way to send supposedly rational investors into an Apple-like buying frenzy.
It has become a phenomenon. When Tesla's market valuation surged past the $20 billion mark this week, pundits began asking whether the EV maker had passed into some kind of new vertical that is perceived by investors as more related to the sexy high-tech industry than the mundane abode of auto companies. Why, not only was that assigned value more than that of Chrysler, it was almost half the value of GM and one-third that of Ford, USA Today noted.
"Tesla doesn't reflect the traditional automaker stock evaluation for the same reason that Amazon.com isn't valued in the same way as a traditional book seller," Andrea James, an analyst in Minneapolis, told the newspaper.Continue reading...
Posted by Dale Buss on August 13, 2013 07:33 PM
Elon Musk has obliquely compared himself to Henry Ford. But if he keeps going, a better comparison could be Thomas Edison. The inventor and serial entrepreneur already has his hands in state-of-the-art electric cars, space travel—and now perhaps a travel innovation for those of us looking to keep our feet planted on Earth.
His latest fascination is what he calls a "Hyperloop" transportation system that could, he says, whisk passengers between San Francisco and Los Angeles in a mere half-hour or less. Musk conjectures that it would cost less than $6 billion in total and could transport 7.4 million people each way each year. But it would take up to a decade to complete. Musk laid out all of the details in a 57-page technical paper and invited feedback.
Why is Musk even bothering? The PayPal co-founder has plenty going on with two actually functioning enterprises that he founded, SpaceX and Tesla. In fact, he was just awarded $4.3 million in stock-based pay for his ongoing work on Tesla's next nameplate, the Model X all-electric SUV. He completed vehicle and engineering prototypes and even the first production unit of the new model.Continue reading...
Posted by Dale Buss on August 8, 2013 10:49 AM
Riders on the first SpaceX flights next year might worry that Elon Musk's trailblazing enterprise could take them all the way to the moon instead of just barely piercing space. Musk's Tesla Motors, at least, keeps exceeding expectations.
Tesla shares tacked on 15 percent or more to their price by Thursday morning in the several hours since Musk announced on Wednesday that his EV company had busted Wall Street's model again and posted a sharply reduced loss, which could even be translated as a profit without the effect of several extraordinary items. The main point was that Tesla was continuing to sell more Model S vehicles at $70,000 to $100,000 than Even Musk expected and that prospects were becoming even rosier.
The disconnect between sales of Tesla Model S—appealing to wealthy, eco-conscious buyers—and struggling sales of "mainstream" electrified vehicles such as the Chevrolet Volt and Ford Focus Electric grew with Tesla's earnings announcement. Model S deliveries totaled 5,150 in the second quarter, topping the company's target of 4,500, and Musk announced in a conference call that an annual selling rate of $40,000 by the end of next year looks "pretty safe," according to Bloomberg.Continue reading...
Posted by Dale Buss on July 18, 2013 04:22 PM
The stock of his beloved Tesla was battered earlier this week after a leading auto analyst said it already was far overvalued at its current price. But whether he's comparing himself to Henry Ford or promising a way to travel from New York to Los Angeles in 45 minutes, Tesla founder Elon Musk remains focused on visionary new ideas for the future.
At mid-afternoon Thursday, Tesla shares had recovered much of the 14 percent drop they experienced on Tuesday after Goldman Sachs veteran analyst Patrick Archambault, in a broader research note on the automotive sector, set a six-month price target of $84 a share for the only successful EV brand. That was up from the analyst's previous price target of $61—but far below the Nasdaq stock's peak value of $132.41 on Monday. Archambault left unchanged his "neutral" rating on the stock.
Other Tesla watchers were seemingly more bullish, such as Adam Betancourt, who opined on SeekingAlpha.com that when the company reports second-quarter earnings next week, it "will still be a monumental step in the company's rapid growth cycle."Continue reading...
Posted by Dale Buss on June 13, 2013 10:37 AM
Tesla seems to be on quite a roll. Sales are rising, profits are rising and accompanying buzz is off the charts for the luxury-electric-vehicle startup that keeps acquiring momentum even as other EVs and the brands that peddle them are stalling out.
Yet there are some speed bumps in Tesla's way, as indicated by a new evaluation by Barron's that apparently was singly responsible for a hit to Tesla's stock price this week.
As co-founder Elon Musk dimensionalized Tesla's aims, paid off its US-government "green" loan of nearly a half-billion dollars, and released quarterly numbers recently, both investors and the news media—as well as American consumers—warmed to the prospect that there would be enough customers for the $70,000 Tesla Model S to keep the brand's success story going.Continue reading...