The battle of relevant ride-sharing companies has dwindled down to two fierce rivals: Uber and Lyft. These two companies have gained notoriety for their revolutionary transportation services and record valuations. As of now, Uber clearly maintains a larger market share than lyft; moreover, its $50 billion valuation has tied Facebook’s (FB) previous record as the most expensive private company to date.
Read More
Uber Valuation To Surpass Facebook
The popular ride-sharing application Uber is looking to raise another $2 billion in private funding. According to reports, this would value the startup at $50 billion. If Uber can obtain these funds, it would make Uber the highest-valued private startup of all time. The only other privately owned startup to achieve such a high valuation before issuing an IPO was Facebook (FB), and it is now valued at $226 billion.
Read More
Get Ready For The (Tesla) D
The much-anticipated announcement of Tesla’s (TSLA) Model D has come and gone. On October 9th, Tesla CEO Elon Musk took to the stage at Hawthorne Airport to reveal Tesla’s “third” electric car model. Musk, also the founder of SpaceX and Chairman of Solar City (SCTY), enjoys exhilarating vehicles and innovative ideas. His futuristic mindset and unfettered determination have led to the creation of a truly remarkable new vehicle.
Read More
Driverless Cars Not Far Off
Earlier this week, Tesla (TSLA) CEO Elon Musk said that Tesla cars could run on “full autopilot” within the next 5 years. This claim comes much sooner than most experts were predicting, many of whom emphasize self-driving cars won't be commercialized until 2025.
Read More
Tesla's Model E Concept
When one thinks of Tesla (TSLA), he likely envisions luxury electronic cars. Tesla's early Roadster concept and Model S are extremely popular, highly demanded, and super expensive machines (the Model S is the only car with a resale value above its initial purchase price). Thus, it's no secret that Tesla caters to a wealthy clientele.
Read More
Fiat's Final Breath
Fiat (F.MI), Italy’s largest automobile manufacturer, and major producer of P. Diddy commercials, is leaving its Italian home, after 115 years, in a last ditch effort to survive. At its latest quarterly shareholder meeting, stakeholders agreed to merge Fiat with American car company, Chrysler, to form Fiat Chrysler Automobiles.
Read More
Storm On The Horizon
Last month, my colleague, Zac Cherin, covered Tesla Motors CEO Elon Musk’s decision to share Tesla’s technology patents with its competitors. His analysis of the long-term benefits to Tesla — a new market for its batteries, potential allies in lobbying the government, and a chance to share the cost of expanding its supercharger network — over the short-term losses of an exclusive rights to technology was superb.
Read More