The first death in a Model S involved car theft

Screen Shot 2014-07-12 at 12.01.16 PM
This past week, a stolen Tesla Model S vehicle crashed into a synagogue before it split in half and caught on fire. The driver of the vehicle was traveling very fast and succumbed to injuries from the accident. Joshua Michael Flot, 26, of Inglewood, California died after he was thrown out from the Tesla Model S, according to Ed Winters, a public information officer at the Los Angeles County Coroner’s office.

Continue reading →

Apple Inc. (AAPL): CarPlay is expanding to 24 million vehicles by 2019

Screen Shot 2014-07-12 at 11.31.30 AM
There is a new report claiming that the Apple Inc. (NASDAQ:AAPL) CarPlay could expand to 24 million vehicles by the year 2019. There are currently 29 auto companies that are partnered with Apple for CarPlay, including Ford, Chrysler, Toyota, Audi, Volvo, etc. Apple announced CarPlay last year at WWDC. Some of CarPlay’s features include the ability to make phone calls, play voicemails, and listen to music through the in-dashboard touchscreen. Google has launched an auto dashboard service of their own and spearheaded the Open Automotive Alliance. Google’s dashboard service is based on Android and is called Android Auto. Android is backed by car companies.

International Business Machines Corp. (IBM) earmarks $3 billion in chip research

IBM Logo
International Business Machines Corp. (NYSE:IBM) is planning to spend $3 billion in research and development over the next five years. IBM will be funding two programs to create smaller and powerful chips that can be used in IBM Watson.
Continue reading →

Zack Brown plans to use profits from potato salad Kickstarter campaign on charity

Screen Shot 2014-07-11 at 11.42.36 AM
When Zack Brown posted a campaign on Kickstarter, he probably did not expected to raise over $70,000 — the proceeds dropped by about $30,000 to around $46,000 for some reason. Brown wants to use the proceeds for good. The campaign had a $10 goal and it hit over 4,000 backers in under a week.

Continue reading →

Tesla Motors Inc (TSLA): First Supercharger in France opens

Screen Shot 2014-07-10 at 1.59.08 AM
Tesla Motors Inc (NASDAQ:TSLA) has opened its first Supercharger in France earlier this month. The Supercharger is located in Auxerre. It has two spots with total output of 135 kW. It appears to be one of the temporary mobile units. There is one more charging point (3-phase AC with 2x 22 kWs) next to the Supercharger. Tesla Motors has opened 27 Supercharger stations in Europe as a whole so far.
[Source]

Box raises $150 million

Box Logo
Cloud storage company Box has raised $150 million in a closed private round of funding. Box is preparing to go public in the near future. This round of funding was led by TPG and Coatue Management.
[Source]

Apple Inc. (AAPL) invests $55 million in a solar farm

Apple Logo
Apple Inc. (NASDAQ:AAPL) is investing $55 million into a 100 acre and 17.5-megawatt solar farm in North Carolina. Claremont City signed off on a development agreement with Apple on Monday to annex land for its new solar farm. This investment further proves Apple is committed to fighting climate change by investing in renewable resources. This past April, Apple said that its data centers and 120 retail stores would be powered with renewable resources. Apple’s new headquarters will also run on green energy.
[Source]

Tesla Motors Inc (TSLA) gets sued in China over trademark dispute

Tesla Motors Logo
Tesla Motors Inc (NASDAQ:TSLA) is being sued in China over trademark infringement. Zhan Baosheng registered the rights to the name before Tesla Motors entered China. He is asking that Tesla Motors shutdown down its showrooms, service centers, and Superchargers in China. He is also asking Tesla Motors to stop all sales and marketing activities in China along with paying him 23.9 million yuan ($3.9 million) in compensation.

Continue reading →