Tesla valuation shot up to $1 trillion on news that Hertz ordered 100,000 vehicles for delivery by the end of 2022. The purchase is anticipated to favorably affect Tesla consumer sales as rental drivers are able to essentially test-drive Tesla electric cars. Over the past year Tesla stock has more than doubled, and the $1 trillion valuation puts it in an elite class of companies including Apple, Microsoft, Amazon and Alphabet whose market caps exceed $1 trillion. Facebook in June crossed the $1 billion valuation mark only to fall below during September and October selloffs. Continue reading Tesla Value Pushes Past $1 Trillion with News of Hertz Order

Tesla veteran Doug Field joined Apple in 2018 to lead the tech giant’s self-driving car initiative. Now, his abrupt departure to join Ford Motor Company as its chief advanced technology officer brings the future of Apple’s project into question, including the progress it has made thus far. Field is Apple’s fourth executive to lead the project in its seven-year history. Other notable manufacturers pursuing autonomous vehicles — including Tesla, Alphabet’s Waymo and Uber Technologies — have had a difficult time advancing the technology. Continue reading Apple’s Autonomous Vehicle Chief Accepts New Post at Ford

Tesla founder Elon Musk has launched a new company, Neuralink Corp., to dig deep into so-called neural lace technology that would merge the human brain with artificial intelligence. Musk already heads up two complex businesses. At Tesla, he is under pressure to deliver the Model 3, priced at $35,000, on time. At SpaceX, the ambitious plan is to launch both a satellite-based Internet business and a rocket to carry humans to Mars. Max Hodak, who founded robotic startup Transcriptic, is a member of Neuralink’s founding team. Continue reading Elon Musk’s Neuralink Corp. Seeks to Enhance Brains with AI