The soon-to-be-released Tesla (TSLA) Model X has a whopping $132,000 price tag. The current Model S P85D starts at $105,000; naturally the Tesla Model 3, priced at $35,000, is a steal... right? I mean, Musk has also given consumers the gift of a two-year pre-order window: not only is he a revolutionary, but he's also a philanthropist, or so the public has been led to believe.
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Uber Beats Facebook To $50B Valuation
In the world of venture capitalism, funding comparisons are often drawn between startups and more “mature," publically traded companies. Interestingly enough, in one of the most prevalent comparisons, Facebook (FB), which is possibly the most controversial startup to date, now represents the standard for “old” tech companies.
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The Billionaire Space Race
Many CEOs are known for exhibiting their million-dollar lifestyles; opulent car collections comprised of Lamborghinis, Ferraris, and Bentleys are common, whereas private Gulfstream jets are a bit more rare. However, while millionaires indulge themselves with these toys, billionaires have embraced an entirely new obsession.
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The Battle For Ride-Sharing Supremacy
The battle of relevant ride-sharing companies has dwindled down to two fierce rivals: Uber and Lyft. These two companies have gained notoriety for their revolutionary transportation services and record valuations. As of now, Uber clearly maintains a larger market share than lyft; moreover, its $50 billion valuation has tied Facebook’s (FB) previous record as the most expensive private company to date.
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Uber Valuation To Surpass Facebook
The popular ride-sharing application Uber is looking to raise another $2 billion in private funding. According to reports, this would value the startup at $50 billion. If Uber can obtain these funds, it would make Uber the highest-valued private startup of all time. The only other privately owned startup to achieve such a high valuation before issuing an IPO was Facebook (FB), and it is now valued at $226 billion.
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Google Continues Its Microsoft Beat Down
Surprise, Google (GOOGL) is yet again redefining an established tech industry: this time it’s the PC market. Glassdoor's recently rated "top company" has announced its newest product: the Google Chromebit, which transforms all modern televisions and monitors into Chromebook computers. And the best part about Chromebit is... it's affordable!
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Get Ready For The (Tesla) D
The much-anticipated announcement of Tesla’s (TSLA) Model D has come and gone. On October 9th, Tesla CEO Elon Musk took to the stage at Hawthorne Airport to reveal Tesla’s “third” electric car model. Musk, also the founder of SpaceX and Chairman of Solar City (SCTY), enjoys exhilarating vehicles and innovative ideas. His futuristic mindset and unfettered determination have led to the creation of a truly remarkable new vehicle.
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