New data out today about retail store closures in the US shows that “experiential” tenants like Apple and Tesla aren’t driving consumer traffic to malls like landlords expect.
Apple (AAPL) had its best single-day performance at the stock market today, seeing a 7.04% rise, the highest in one day since April 2014. The Dow Jones rose over 1,000 points, as the entire market — particularly FAANG stocks — rebounded after a tumultuous few bearish days.
Tesla (TSLA) also saw significant gains today, rising to over $300 a share after losing 21% of its value over the previous weeks.
A new poll by data research firm Toluna via Recode attempted to analyze the least trusted companies in the tech sector.
Conducted between December 9 through December 15, the poll surveyed one thousand online participants asking which company they believe to be the least trustworthy with personal information.
Following a report earlier this month indicating that Doug Field was back at Apple after a brief stint at Tesla, CNBC is out today with a broad look at the ongoing poaching war between Apple and Tesla. The report highlights that so far in 2018, some 46 Tesla employees have jumped ship to join Apple.
Tesla now accepts Apple Pay payments from customers reserving the new Model 3 electric vehicle. As the company ramps up production of its most affordable EV yet, supporting Apple’s payment platform makes reservations easier and faster than ever.
For Tesla fans, the Electric vehicle/energy company just put out a iPhone/iPad powerbank “designed and inspired after Tesla’s supercharger monument at the Tesla Design Studio”.
In case you missed it last night, Tesla put on quite a show – check our sister site Electrek for all the details on the Tesla Semi and 250+mph, 0-60 in 1.9 sec, 1000km range Roadster.
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Apple co-founder Steve Wozniak has implied that Apple is too big a company to come up with the next big thing in tech.
Interviewed by Bloomberg on what are likely to be the biggest tech breakthroughs in the coming years, and which companies are likely to make them, Woz didn’t list Apple as a contender. A later comment he made underlined the fact that he doesn’t think it will be Apple …
When a company has a market cap of around $800B and is sitting on cash reserves of more than $250B, it’s not surprising that we hear continual speculation about some kind of mega acquisition. In Apple’s case, the three usual suspects are Netfix, Tesla and Disney – the latter most recently pitched by RBC last month, the former just last week by Citigroup.
Each has an obvious logic, as UBS acknowledges, but the bank believes that a ‘surprising’ mega-acquisition is a more likely bet …
Analysts often dream about spending Apple’s growing cash pile by listing which company’s Apple could acquire, and this week Apple’s cash reserves climbed past a quarter trillion dollars at $256.8 billion. In response, Citigroup analyst Jim Suva has listed both Netflix and Tesla as takeover targets for Apple…
With some high profile exceptions, it is generally accepted that Apple ships some of the most reliable high-tech products out there – at least if you believe the customer satisfaction reports. Things are far murkier for Tesla in that department, especially at its relatively early age.
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Update: The Apple employee that took the picture asked that we take it down. Above is a picture of the same spots (only 4 Teslas) from Google Streetview.
Apple and Tesla have had a rocky relationship when it comes to poaching employees from each other, but that doesn’t mean Apple employees aren’t fond of Tesla’s work. This is very apparent by this Reddit thread, initiated by an Apple employee. The image attached to the thread shows seven Teslas parked right outside of Apple’s headquarters.
Never one to shy away from provocative opinions, Tesla CEO Elon Musk told the Re/code conference that Apple may have left it too late to compete effectively in the autonomous car field. He also said that not all companies exploring the idea appreciate the scale of the undertaking.
I think they should have embarked on this project sooner. I don’t think they’ll be in production sooner until 2020. Is that too late? […]
The sheer scale of automotive manufacturing is hard to imagine until you see the plants. The size of the industrial infrastructure is astonishing.
He did, though, wish Apple luck …
What’s the one thing cooler than using an Apple Watch app to summon your Tesla from the garage to your front door? Asking Siri to do it for you. That’s what developer Sam Gabbay has achieved, using Apple’s HomeKit.
A Tesla-style concept of the Apple Car from CarWow
One of the largest property companies in the San Francisco Bay Area has said during an investor call that Apple is seeking around 800,000 square feet of space in the area to expand its car project. The WSJ quotes Hudson Pacific Properties CEO Victor Coleman talking about rising demand for space for car R&D in the area.
We’re seeing the Toyotas of the world, the Teslas of the world, BMWs, Mercedes. Ford now is out in the marketplace looking for space. I haven’t even mentioned the 400,000 square feet that Google’s looking to take down and the 800,000 square feet that Apple’s looking to take down for their autonomous cars as well.
That would be almost a third the size of the spaceship campus Apple is currently building, which is around 2.8M square feet …
Apple is continuing its recent hiring spree from the automotive industry for its not-so-secretive car project, this time hinting at the company’s work prototyping car parts.
Tesla CEO Elon Musk has an affectionate nickname for Apple: The ‘Tesla Graveyard‘. “They have hired people we’ve fired,” Musk said. “We always jokingly call Apple the ‘Tesla Graveyard.’ If you don’t make it at Tesla, you go work at Apple”. He made the comment after being asked about the so-called “poaching war” between the automaker and the consumer electronic giant following the start of Apple’s electric car program: ‘Project Titan‘.
We follow who’s coming and who’s going at Tesla pretty closely at Electrek and it’s clear that the two companies share a lot of former colleagues. Tesla’s senior engineering staff and leadership are full of former Apple directors and VPs, while the Cupertino-based company hired quite a few former Tesla engineers, but rarely any senior leadership… until now.
9to5Mac, in collaboration with our sister-site Electrek, has exclusively confirmed and discovered respectively that Apple hired former Tesla Vice President of Vehicle Engineering and former Aston Martin Chief Engineer, Chirs Porritt, to work on “special projects”, and we know that “special projects” is where Apple’s Titan car project lives.
Original Story from our sister-site Electrek
Elon Musk, CEO of both electric automaker Tesla and rocket manufacturer SpaceX, splits his time between his two companies, which he also co-founded and financed with most of his early fortune from Paypal. Now Electrek has learned through sources that Musk will not be the only executive dividing his time between Tesla and SpaceX since the CEO hired Apple’s alloy expert Charles Kuehmann to lead materials engineering at both companies.
Kuehmann is now Vice-President of Materials Engineering at Tesla and SpaceX, where he is responsible for delivering materials innovations, something he is very familiar with after over two decades spent in materials science.
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Last month Tesla released its latest ‘Autopilot’ update (v7.1), which we covered intensively on Electrek, but if you are not up-to-date with Tesla’s latest software, the Model S’ Autopilot now includes a new feature called ‘Summon’, which allows Tesla owners to remotely move their vehicle without anyone in it.
At the moment, it is primarily used to get the Model S in and out of a garage easily, but in the future, Tesla CEO Elon Musk says you will be able to summon your car from across the country and it will come meet you while charging at Tesla Superchargers along the way.
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From Electrek:
We’ve learned that Tesla this month quietly hired high-profile microprocessor engineer Jim Keller as Vice President of Autopilot Hardware Engineering. Tesla today confirmed the news and sent us the following statement:
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Since Tesla launched the Model S in 2012, the automaker has been talking about releasing a software development kit (SDK) to create a full third-party app ecosystem for its 17-inch touchscreen, which acts as a center console for the Model S and X, but despite several inquiries from eager app developers, there has been little communication about the project until now.
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During an interview at Tesla’s design Studio in Los Angeles, Tesla CEO Elon Musk commented on Apple’s rumored electric vehicle program, codenamed “Project Titan“. It was hardly the first time the CEO commented on the project, but it always interesting to hear about the possibility of Apple bringing an electric car to market. This time Musk called the project under-development an “open secret” and agreed that Apple is “serious about it.”
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Following CEO Tim Cook saying that the car industry is ripe for a major disruption, Re/code reports that Apple has hired Jonathan Cohen, Nvidia’s director of deep learning. While many only associate Nvidia with phone and computer chips, the company has recently been entering the car market, specifically in the form of autonomous vehicles.
Apple’s so-called “poaching war” with Tesla has been a hot topic for the company’s CEO Elon Musk and in a recent interview, Musk fired even more shots at Apple. Speaking to German newspaper Handelsblatt, Musk voiced his lack of concern regarding Apple’s tendency to hire Tesla engineers and executives. Musk is recently finished a trip around Europe, speaking with politicians and Tesla employees.
Apple appears to have hired yet another former Tesla engineer to join its ever growing automated car team. First noticed by Reuters, Apple has hired Jamie Carlson to likely join its car team. Carlson’s LinkedIn profile reflects that he has left Tesla and joined Apple, although his role at Apple is simply listed as a a member of a special projects group.
While at Tesla, Carlson worked on its Autopilot self-driving program. Prior to his stint at Tesla, he worked on automotive vision systems for Gentex Corp.
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