Elon Musk, CEO of Tesla [NASDAQ:TSLA], plans to buy his cousin’s company, Solar City [NASDAQ:SCTY]. That has generated a lot of head-scratching in financial circles about how it will work out. Some facts commonly cited: Tesla is the most successful and biggest electric car company the world has ever seen.
We now have clarity—even if it was assumed before—as to one more political chasm in this election cycle. At issue is “fracking” and the future for America’s enormous new shale energy industry.
Yes. It is a revolution. But it’s still early days, so the landscape is complex.
Even if you have no immediate plans to buy a drone (yet), a lot of people do. In a few years we’ve gone from a hobbyist niche to an estimated one million consumer-class or small-business drones sold last year in the U.S. alone. Such a steep growth curve has all the earmarks of a new product category.
Secretary of Defense Ashton Carter ruffled feathers this week when, in a February 2nd speech at the Economic Club of Washington D.C., he demoted ISIS and terrorism, to the bottom of a list of key threats to America’s national security. At the top of the list of “five evolving challenges”? Russia.
The Internet of Things is supposed to be a hot space. But as one tech pundit earlier said, who cares if your toaster can talk back. Instead, brace yourself for the Internet of Toys as everything from Barbie and Yoda, to Transformers and even Lego blocks become connected
The year 2015 marks the end of the old oil era. Last week the U.S. Congress finally repealed the four-decade-old legislation that, until now, prohibited American firms from selling their product, crude oil, to willing buyers overseas. No other oil-producing nation had such a self-inflicted ban.