Tesla stock was $312 on New Years Day 2018 and finished the year at $333, so on the face of it, the prediction was incorrect.
However, on 7 August, Elon Musk made the headlines by tweeting that “funding secured” at $420. The share price jumped 10% to $379. He was personally fined $20 million, and the company was fined the same amount.
Two months later, the stock was $250. The stock has been relatively volatile since then, climbing back to $376 and back down to $333.
Each quarter, Tesla’s costs keep increasing by hundreds of millions of dollars.
Its profit margin keeps slipping further into the red.
Other companies, both traditional and new entrants, will catch up to Tesla in 2018.
Finally, 2017 was generally a good financial year, and if consumer confidence drops in 2018, people will buy fewer cars. There’s also the debt pile-up in the US car loans industry. Total auto loans in the US have increased 70% in the last 7 years to $1.17 trillion – and much of it is subprime, with some buyers opting for 7(!!) year loans (think about the value of the car at the end of 7 years).
One of the best practice digital principles we talk about at Endava is regular rollouts to users. The more regular and automated you can make them, the quicker you can provide additional functionality to your users.
TechUK held an event called “Can the IoT (Internet of Things) become a reality without the Cloud?” and whilst the event didn’t really answer the headline question, it was interesting in other unexpected ways.
The last couple of events I’ve attended at TechUK have been a little dry, lacking anything interesting to report here. As I left the office for the IoT event I remarked to a colleague that if this event was also dry, I might reduce the number of TechUK events I attend.
There were four speakers supported by the chair Stephen Pattison, VP, ARM Holdings:
Paul D’Cruz, Chief Technical Officer, Cisco UK Public Sector
Barry Jennings, Associate, Bird & Bird
Nick Hyner, Director Cloud Services EMEA, Dell
Gabriel Vizzard, Internet of Things Lab Services Foundry, IoT Solution Architect, IBM
Stephen, Paul, Nick and Gabriel naturally promoted their employer’s latest product offerings, with varying degrees of humour.
Surprise surprise Cisco said the current network (Internet) doesn’t have the bandwidth for billions of devices (I wonder who sells network equipment….) and Dell talked about more Cloud computing which ultimately translates into more [Dell] servers. Every time thw word “security” was mentioned, we were served a reminder of how much ARM are investing in IoT security protocols.
In October I’m giving a keynote speech at an insurance event and I’ve been asked to speak about new technologies and trends. Separately, one of the readers of this site, Doug, recently emailed me asking whether I had “any insight into the insurance sector, and company’s use of Internet of Things technologies?”
Here are some thoughts which I’ve been thinking about for a while.
Last week I handed over my perfectly working Surface Pro 3 to our IT department who upgraded it from Windows 8.1 to Windows 10. Here’s my report after spending a week with Microsoft’s latest operating system on Microsoft’s latest tablet/laptop.
Firstly, it’s stable. I have used beta versions of Windows before, from XP to Vista to Windows 8. They all have their own niggles, but Windows 10 is fine. I haven’t had a single crash, despite plugging in all sorts of displays, docking stations, printers and USB devices. Continue reading Windows 10 one week on→
Please share this post with your contacts because it makes me feel better.
Many organisations are finding themselves asking “What is Digital?” It’s a difficult question which sounds easy at first. After all, isn’t everything that we do today that involves electronics, digital in some shape or form?
If an organisation has a CTO (Chief Technology Officer), why does it also need a CDO (Chief Digital Officer)? If an organisation already has an IT department, why does it need a digital one too?
This week, the website Fotopedia closed down, and this heralded a key stage in the Internet’s maturity.
We’ve seen various Google products shutdown in the past, sometimes with more publicity than they attracted while the product was ‘live’, such as Google Video and Wave. However Fotopedia signals the dangers that lurk behind relying upon consumer-focussed cloud services.
Earlier today I gave a short presentation to the Digital Finance Masterclass in London. I only had ten minutes, followed by 8 sessions of pretty intense ‘Digital Surgeries’ – a great format, but quite tiring.
Before the event, I had been told that the Digital Surgeries were like speed dating – thankfully I got married before speed dating, because I can’t imagine going through that process in a relaxed, sociable setting.
With only ten minutes for the first presentation, to a varied audience across Financial Services, I focussed on the following topics, shown in the attached Slideshare presentation: