DIRS.INFO The most relevant business & tech news

☆ Elon Musk’s empire of misinformation
▼ + stars: | 2024-10-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —At any Tesla event, you have to go in expecting a good amount of smoke and mirrors. This is the company run by Elon Musk, after all — its self-anointed Technoking who’s made overpromising and underdelivering a theme of his career. ICYMI: The robotaxis, Tesla’s fully driverless vehicles that it hopes to put into service next year, were the main event. But Musk’s reality distortion field is something else entirely — hardly limited to overly optimistic timetables or pie-in-the-sky projections for Tesla’s delivery schedule. In a twist, though, X dropped Unilever from the lawsuit on Friday.

Persons: CNN Business ’, Elon Musk, Technoking who’s, Tesla, ” Gordon Johnson, ” Morgan Stanley, Adam Jonas, they’re, Steve Jobs, Donald Trump, ”, Craig Fugate, X Organizations: CNN Business, New York CNN, Elon, Bloomberg, “, Apple, National Guard, FEMA, Washington Post, CNN, NBC, ” Unilever, ”, Unilever Locations: New York, Carolina

☆ The 'godfather' of driverless cars says Tesla has a major advantage in the self-driving race
▼ + stars: | 2024-10-15 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Anthony Levandowski, who co-founded Google's Waymo, says Tesla has a huge advantage in data. Musk has promised self-driving Teslas for the better part of a decade. Likewise, Levandowski said he hoped for "a little more steak and less sizzle" on the substance of Tesla's self-driving technology. Related storiesYet perhaps few people understand the nitty-gritty of self-driving tech better than Levandowski. Uber's advantageWhile Tesla and Waymo compete for tech supremacy, Uber might be the frontrunner in the robotaxi race right now.

Persons: Anthony Levandowski, Google's Waymo, Tesla, Levandowski, —, Elon, that's, Musk, Uber, Donald Trump, That's, a16z, Waymo, Dmitri Dolgov, Ben Thompson, Thompson, Levandowki Organizations: Business, Google, Service, Wall Street, Wayve, General Motors Locations: Pronto

☆ The risk for Boeing right now is overpromising and underdelivering, says RBC's Ken Herbert
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe risk for Boeing right now is overpromising and underdelivering, says RBC's Ken HerbertKen Herbert, RBC Capital aerospace and defense analyst, joins 'Squawk box' to discuss the challenges facing Boeing, impact of the machinists strike on the company, state of the aerospace and defense sector at large, competition with Airbus, and more.

Persons: Ken Herbert Ken Herbert Organizations: Boeing, RBC Capital, Airbus

☆ These 3 ugly duckling stocks will become beautiful swans as the Fed cuts rates
▼ + stars: | 2024-09-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Some of it had to do with the old joke being that Best Buy was nothing but an Amazon showroom. CEO Corie Barry is a no-nonsense heavyweight who mastered the supply chain for Best Buy during the pandemic. As the JPMorgan recent upgrade on Best Buy said, most investors don't realize how awful this period has been for Best Buy. It doesn't hurt, of course that Best Buy has a substantial dividend — 3.68%, down from 4% and 5% when we were buying it. We have watched Eaton and Dover go higher and that was without the rate cycle, just with the data center.

Persons: Stanley Black, Decker, —, couldn't, Corie Barry, Barry, don't, It's, Stanley, Trump, Helene, Hock Tan, Marc Benioff, Mike Sievert, Blackwell, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Empire, Circuit, Intel, HP Inc, HP, JPMorgan, Williams, Dick's Sporting Goods, Abercrombie, Fitch, Depot, Procter, Gamble, Linde, Honeywell, Quantum Computing, Tech, Broadcom, VMWare, Elon, Mobile, Nvidia, Jim Cramer's Charitable, CNBC, Microsoft Locations: Sonoma, Covid, China, Lowe's, Eaton, Dover, San Francisco, Secaucus, N.J

☆ As litigation flares against Michael Shvo's property empire, his German backers feel the heat
▼ + stars: | 2024-07-29 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Advertisement"For no reason, I felt targeted in a very toxic and vulgar way," Goodman previously told Business Insider. In a previous response to Business Insider, Shvo said he had no recollection of that call. The Goodmans also named the Mandarin Oriental hotel brand as a defendant, stating that 685 Fifth Avenue's "service standards are severely lacking and in no way Mandarin Oriental caliber." A spokeswoman for Mandarin Oriental did not immediately respond to a request for comment.

Persons: —, Michael Shvo, Shvo's, Shvo, Shvo –, John Goodman, Diane, Belinda Burgmeier, Burgmeier, Goodman, Jennie Enterprise, Enterprise, Serdar, Bilgili, BVK, Rainer Komenda Organizations: Service, Business, Universal Investment, Deutsche Finance, Core, Shvo, BVK, Core Club, Bilgili, San Locations: Manhattan, New York, Munich, San Francisco, Milan, Italy, Turkish, BVK, Wabash, Chicago, Shvo, Raleigh, Los Angeles

☆ Google's 'fastest-growing' moonshot that spun out into an AI earbuds startup aims to ship its first product this year
▼ + stars: | 2024-04-26 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.

Persons: —, Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI

☆ What if no one wants a cheap Tesla?
▼ + stars: | 2024-04-24 | by ( Matt Turner | Hayley Peterson | ) www.businessinsider.com time to read: +6 min

Even at a lower price, say $25,000, it's a very significant purchase — likely one of the most expensive purchases a person will make. AdvertisementSo let's for a second look at why a lower ticket price might not be a panacea for Tesla. There are many other Tesla buyers, of course, but as Tesla introduces lower-cost models in search of different buyers, needs will shift. Musk and Tesla are politicizedAs Tesla looks to lure potential new buyers with a cheaper car, it will have to contend with souring consumer sentiment toward the EV maker. Maybe the pool of buyers for a cheap Tesla will be ginormous.

Persons: —, Tesla, Elon Musk, TSLA, EVs, It's, BYD, Musk, it's Organizations: Service, Business, Tesla, EV, UBS, Infrastructure, Honda Civic, Toyota, Reuters, Bloomberg, Association, Renault, Elon Locations: California, headwinds, China, India

☆ The 5 red flags steak-house owners look for when dining at a high-end steak house
▼ + stars: | 2024-03-05 | by ( Rachel Askinasi | ) www.businessinsider.com time to read: +6 min

AdvertisementA good steak house shouldn't be inexpensive or easy to bookMeat is expensive to source, Michael said, and the restaurant's price range should reflect that. A good steak house shouldn't be too easy to book for a Friday night. Acrylic Asylum Art/Getty ImagesThere should be transparency in meat sourcingBoth brothers told BI that at a luxury steak house, you should be able to get the story behind what you're eating. A dull knife can take away from diners' overall experience, he said, which is the main reason to go to a steak house to begin with. "There's nothing worse than being in a high-end, high-check-average steak house and you're handed a dull knife," he told BI.

Persons: —, Bryan, Michael Voltaggio, That's, Michael said, Michael, that's, there's, it's, Dixie, I'm Organizations: Service, Voltaggio, telltale, Business, Food, Washington Locations: Food

☆ Opinion: Neither Russia nor the West know how this war will end
▼ + stars: | 2024-02-28 | by ( Opinion Anna Arutunyan | ) edition.cnn.com time to read: +8 min

It is doing so in part because the plans and intentions of Ukraine’s Western allies are so vague. Just as the Kremlin is doing, Ukraine’s Western allies are signaling their resolve to “defeat” Russia without actually articulating what that defeat means. The military support Ukraine’s allies are willing and capable of offering stops precisely where Ukraine’s most pressing shortages lie: manpower. But Ukraine’s Western allies are failing to reckon with these realities and, amid growing reluctance by right-wing parties in the US and Europe to shoulder the costs, are resorting instead to triumphalist rhetoric. Western allies need to start recognizing their limited resources, or at least the limits to what they can or will offer Ukraine.

Persons: Anna Arutunyan, Mark Galeotti, Prigozhin, Putin, Read, Volodymyr Zelensky, Vladimir Putin’s, ” Putin, Anatolii Stepanov, Dmitry Peskov, Ukraine’s, ”, Emmanuel Macron’s, Zelensky, Valerii Zaluzhnyi, Donald Trump Organizations: CNN, Ukraine, Kremlin, Getty, EU, Munich Security Conference, Estonian Ministry of Defense, Law Locations: Ukraine, Russia, Switzerland, ”, Moscow, Kyiv, Ukrainian, AFP, Ukraine’s Luhansk, Donetsk, Zaporizhia, Kherson, Crimea, NATO, Luhansk, Europe

☆ Facebook cofounder slams Elon Musk, calling Tesla and SpaceX 'scams he got away with'
▼ + stars: | 2023-07-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Dustin Moskovitz said Elon Musk's successful companies could be seen as "scams he got away with." The Facebook cofounder said Musk sucked up resources from others by overpromising with Tesla. Moskovitz pointed to Musk's promises on autonomous cars, and a report that he exaggerated Tesla ranges. Apparently Mark Zuckerberg isn't the only Facebook founder that's wary of Elon Musk. Spokespeople for Tesla, SpaceX, and Musk also did not respond to a request for comment ahead of publication.

Persons: Dustin Moskovitz, Elon Musk's, Musk, Mark Zuckerberg, that's, Elon Musk, Moskovitz, he's, overpromising, Tesla, Bruce Bennett, —, Elon, BYD, Nikola wasn't, Rivian wasn't, he'll Organizations: Facebook, SpaceX, EV, Reuters, Ford, General Motors, Toyota, Nikola, Elon, Tesla

☆ Global airlines grasp at the 100% recovery
▼ + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com time to read: +4 min

HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.

Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India

☆ The Fyre Festival fraudster is launching his latest thing, and it looks like a party on an island
▼ + stars: | 2023-01-20 | by ( Jake Traylor | Jake Traylor Is An Associate Producer For Msnbc. | ) www.nbcnews.com time to read: +8 min

He’s using different words, but he’s selling the same thing,” said Shiyuan Deng, a former product designer at Fyre Media, the company behind Fyre Festival. Deng resigned from Fyre Media shortly before it collapsed. Another former Fyre Media employee who asked to withhold their name out of concerns of retaliation also said PYRT reminded them of Fyre Festival. “The similarities are there around the vague mysterious promotion,’’ said the former employee of Fyre Media. McFarland said he believes PYRT will look considerably different from Fyre Festival.

Tesla shares are trading at $122, with the stock up about 8% Thursday. Why Tesla is tankingA popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. On a Twitter Spaces call last week call, Musk promised he was done selling shares of Tesla (TSLA) stock until at least 2024, if not beyond. But he hasn’t lived up to a previous promise in April that he was done selling Tesla (TSLA) shares, selling $14.4 billion of that stock since that time.

☆ Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge
▼ + stars: | 2022-12-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

New York CNN —A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. Investors have been disappointed that Musk appears to be paying for so much of his $44 billion purchase of Twitter by selling Tesla stock. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. On Thursday’s Twitter Spaces call, Musk promised he was done selling shares of Tesla stock until at least 2024, if not beyond. But he hasn’t lived up to a previous promise in April that he was done selling Tesla shares, selling $14.4 billion of that stock since that time.

☆ Musk set to finally take wraps off Tesla truck - to tough crowd
▼ + stars: | 2022-12-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

Musk had promised, for instance, that Tesla's mass-market electric sedan Model 3 would be priced at $35,000, a claim that bombed. But in October Musk said Tesla vehicles were not ready to take humans out of the loop. "Tesla team just completed a 500 mile drive with a Tesla Semi weighing in at 81,000 lbs!" For Microsoft founder Bill Gates, who has expressed skepticism about all-electric trucks, Musk said: "(Gates) can drive it himself if he wants!". "I want to take diesel trucks off the road," he said, adding that federal incentives for trucks that run on hydrogen could be more substantial than those battery electric trucks.

"I respect companies protecting their resources, but how they treat impacted employees is very telling to employees that are still working there," he said. "I respect companies protecting their resources but how they treat impacted employees is very telling to employees that are still working there." Be mindful of remaining workers' concernsCompanies should "recognize this is a very difficult time for people who remain with the organization" as well, Benz said. "Make sure managers and leaders are available for remaining employees and can be clear about the future without overpromising. Inform remaining workers about the changes that may need to be made in light of job cuts.

☆ 4 ways to establish trust with your workers so that they're more productive and less stressed, according to a senior vice president at Salesforce.
▼ + stars: | 2022-10-25 | by ( Marie Rosecrans | ) www.businessinsider.com time to read: +10 min

She found that leaders build trust by being vulnerable and admitting mistakes. Employees can focus on the work of serving customers and delivering customer success when solid trust exists in the workplace. You can't build trust on shaky ground, so being aloof when it comes to owning up to a mistake can negatively affect a lot of relationships at work. As you're building trust with people, it's important to open yourself up as a way of investing more deeply in your relationships. A big part of that is knowing who you're meeting with, so do your own research (on LinkedIn, Twitter, and Google search) to familiarize yourself with all the key players.

☆ Elon Musk said Tesla could be the biggest company in the world. He's also about to sell more shares
▼ + stars: | 2022-10-20 | by ( Michael Ballaban | ) edition.cnn.com time to read: +4 min

On Wednesday evening’s earnings call, the Tesla CEO claimed that his company, a maker of niche luxury cars, would someday be worth more than Apple and Saudi Aramco. Tesla’s market value is $650 billion – down 7% after the company walked back a projection of 50% growth this year. Musk said the Tesla Model 3 would cost a mere $35,000, and it does not. Musk later apparently came off this idea, saying “robots are very bad at picking up fluff.”The point is, Elon Musk promises a lot of stuff. That does not exactly add up to a company that beats Apple and literally Saudi Arabia’s state-owned oil company.

☆ Employees who trust their bosses have more energy, less stress, and fewer sick days. Here are 4 ways to establish trust with your workers, according to a senior vice president at Salesforce.
▼ + stars: | 2020-12-01 | by ( Marie Rosecrans | ) www.businessinsider.com time to read: +10 min

Employees can focus on the work of serving customers and delivering customer success when solid trust exists in the workplace. A lack of trust hinders productivity for the simple fact that people aren't able to get their jobs done. As you're building trust with people, it's important to open yourself up as a way of investing more deeply in your relationships. A big part of that is knowing who you're meeting with, so do your own research (on LinkedIn, Twitter, and Google search) to familiarize yourself with all the key players. And, if you're facing resistance when you need to deliver feedback, consider these steps:Know whether and when you need to improve.

Search resuls for: "overpromising"

19 mentions found