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Added on the 20/06/2016 20:23:20 - Copyright : Reuters EN
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion. On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software. Business Insider reports that it has only released a beta version to a limited number of customers. Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported. The Tesla chief projected in 2015 that his company's market cap could balloon to $700 billion by 2025.
Dustin Finkelstein/Getty Images for SXSW Whole Foods Market founder and CEO John Mackey is a big fan of capitalism. "I will say capitalism is the greatest invention that humanity's ever done," Mackey said, speaking at the Federalist Society's October 1 panel on "The Future of Our Food." Mackey described capitalism as a "win-win-win game" that has uplifted humanity and driven innovation. The panel — "It Can Be Done Live: The Future of Our Food" — featured conversations with Sonny Perdue, the Secretary of Agriculture; Josh Tetrick, the founder of plant-based food startup Eat JUST; and Anastasia Boden, a lawyer with the libertarian Pacific Legal Foundation.
Volkswagen halts sale in Europe of new cars fitted with emissions-cheating software - and warns that the 6.5 billion euros set aside to cover the costs of the scandal may not be enough. Hayley Platt reports.
The new CEO of Volkswagen starts work facing the daunting task of dealing with the fallout from the emissions scandal. As Tim Graham reports the clean-up has reportedly already begun with several top managers suspended.
Volkswagen bets on Porsche boss Matthias Mueller as a new CEO to help it ride the storm over its US emissions scandal. But, as Ivor Bennett reports, the crisis deepens as officials in Europe and the US step up investigations.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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