Tesla Analysts Skeptical of Bold Autonomy Plans Ahead of Results

Tesla Inc. and its Chief Executive Elon Musk made some bold claims at the company’s investor day on Monday, but Wall Street analysts are far from convinced. Musk said Tesla is now making the best self-driving chip in the world, speaking during a discussion that largely focused on the electric vehicle maker’s plan for autonomous […]

• Bloomberg News
• April 23, 2019
• Innovation & Technology

Trump Ally Doubts Auto-Tariff Report Is ‘Intellectually Honest’

A U.S. government report that could lead to tariffs on automobiles is likely not being released by the White House because it lacks rigor and could deal a political setback for President Donald Trump, a top Republican senator said Wednesday. “I’m not sure this 232 study on autos by the Commerce Department was done in […]

• Bloomberg News
• April 11, 2019
• Sales & Marketing

Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard […]

• Bloomberg News
• April 9, 2019
• Capital Markets, Risk Management

Wells Fargo’s CEO Search: Here Are Likely Outside Candidates

For more than two years, Wells Fargo & Co.’s board maintained an insider could reform the bank. Now that Tim Sloan has stepped down, directors are changing their tune — and must find an outsider who wants the job. Between a pair of visits to Capitol Hill and facing public criticism from the Federal Reserve […]

• Bloomberg News
• March 29, 2019
• Risk Management

Trump Wants European Autos BMW, Mercedes to Be Made in America

President Trump has given European auto manufacturers a way to avoid an escalation of the trade war, saying they can avoid tariffs on cars if they build more plants in the U.S. “They have BMW, they have Mercedes, they have a lot of very good cars that come in,” he said in an interview with […]

• Bloomberg News
• March 22, 2019
• Risk Management

Powell Signals Prolonged Fed Pause as Inflation Lags, Risks Loom

Federal Reserve Chairman Jerome Powell said interest rates could be on hold for “some time” as global risks weigh on the economic outlook and inflation remains muted. “We don’t see data coming in that suggest that we should move in either direction. They suggest that we should remain patient and let the situation clarify itself […]

• Bloomberg News
• March 21, 2019
• Capital Markets

What Uber Really Gets From Selling a $1 Billion Stake

There’s more going on under the hood of a consortium’s planned $1 billion investment in Uber Technologies Inc.’s self-driving car unit than immediately meets the eye. Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. It’s almost […]

• Bloomberg News
• March 14, 2019
• Innovation & Technology

Trump Car Tariffs Would Hurt Global Growth, EU’s Malmstrom Warns

U.S. tariffs on car imports would deal a blow to the global economy and Europe will retaliate if they’re imposed, European Trade Commissioner Cecilia Malmstrom said. “It would be very harmful for our economy, it would be harmful for the global economy, and it would be harmful for the U.S. economy, because many cars are […]

• Bloomberg News
• March 8, 2019
• Risk Management