Tesla picks up two ‘car of the year’ awards

Related: Elon Musk hints at future price increase for self-driving ‘robo’ Teslas. Writers at the U.K.’s Auto Express magazine named the Model 3 its 2019 …

Tesla Inc. vehicles have won two ‘car of the year’ awards this week, with a U.K. magazine using an popular British compliment to describe the Model 3 mass-market sedan and a U.S. magazine calling the Model S sold a few years ago the “ultimate car.”

U.S. auto magazine Motor Trend spared no superlative for Tesla’s TSLA, -0.13% 2013 Model S, which to its judges is a “testament to innovation and entrepreneurship, the very qualities that once made the American automobile industry the largest, richest, and most powerful in the world.”

Motor Trend named that Model S the “Ultimate Car of the Year,” besting other cars from General Motors Co.’s GM, +0.87% Chevrolet and Cadillac as well as Toyota Motor Co. 7203, -0.62% made in the past 70 years, starting with the Cadillac 1949 Series 62 Sedanette, the first to clinch the title of car of the year and to start the magazine’s accolades tradition.

“Today, we take for granted the number of startup electric vehicle companies coming out of the woodwork. But before the success of the Model S, it was virtually unheard of,” Motor Trend said.

“Seven years later, there still isn’t another car that doesn’t require a start button or key,” or enjoy the same battery range, it said. “The idea that a car would recognize your phone as you approached, unlock, boot up its computers, and be ready to operate and drive the moment you sat down and closed the door is still cutting-edge today.”

Related:Elon Musk hints at future price increase for self-driving ‘robo’ Teslas

Writers at the U.K.’s Auto Express magazine named the Model 3 its 2019 car of the year. Tesla’s mass-market sedan’s performance and range are “brilliant,” they said, also praising its agility on the road and saying it is “the best Tesla yet.”

See also:Nio’s stock jumps on heavy volume after deliveries data beats expectations

Tesla shares are up 6% this month, buoyed by news last week of record second-quarter sales. The stock is down 28% this year, contrasting with gains of 20% and 16% for the S&P 500 index SPX, +0.23% and the Dow Jones Industrial Average. DJIA, +0.85%

Tesla’s largest outside investor has long been tight-lipped on Elon Musk. That’s starting to change.

However, the firms’ partner James Anderson had blunt advice for Elon Musk in the wake of a tumultuous year and multiple strategy changes.

Tesla CEO Elon Musk made a bold pitch to investors earlier this year: one million robo-taxis on the streets by 2020, helping boost the electric automaker’s market value by more than 1000% to $500 billion.

Even by Tesla standards, it was quite the strategy shift. So drastic even that the company’s largest outside shareholder is urging Musk to maintain his focus on Tesla’s core mission.

“One should, on the whole, try not to give too many targets that may not be attainable, with specific dates at establishment,” James Anderson, a partner at Scottish investment firm Baillie Gifford told Bloomberg News on Wednesday from Sun Valley, Idaho, where the world’s tech moguls are gathered this week for Allen & Company’s annual summer conference.

Read more: Silicon Valley hits Sun Valley — here’s who’s who at the ‘summer camp for billionaires’ in Idaho

“And I don’t think one wants sudden reversals of policy,” he continued. “I hope that’s not too much for a major shareholder to ask.”

Baillie Gifford, which manages about $221 billion in assets, has long remained quiet on its Tesla stake throughout the company’s tumultuous past 12 months. Even as the company’s market value has sunk more than 37% from its recent highs amid legal fights with regulators, the firm has declined requests to speak publicly to Business Insider about its investment in the company.

To be sure, Anderson as well as some other partners have spoken sporadically on the topic. Im March, the firm floated the idea of having Musk in a different role and not necessarily chief executive. Before that, the company went as far as to say it would be willing to offer up more capital, should Tesla need it.

Still, Thursday’s comments are some of the most direct at Musk’s leadership strategies of late.

Long-term investments

The decision to stay relatively quiet, despite Tesla’s recent volatile quarters, fits with Baillie Gifford’s commitment to l ong-term investing in early-stage companies poised for massive growth. It’s also why the company has stayed in its investment while other institutional investors, like TD Ameritrade, have trimmed their stakes.

Read more: A senior partner at Baillie Gifford shares what Tesla, Amazon, and the firm’s other wildly successful investments have in common — and how it identifies them early on

“We totally ignore the market,” another Baillie Gifford partner, Stuart Dunbar, t old Business Insider in February. “It doesn’t matter. We’re not invested in the market — we’re invested in a handful of great companies.”

He continued: “The only thing we’re interested in is whether these companies are making enough operational progress to meet long-term goals the way we expect them to.”

To close out the Bloomberg interview, Anderson reaffirmed his commitment and faith in Musk.

“The last thing we want to do — and I would be resilient about this — is to in any way crimp the great gifts and extraordinary achievements that Mr. Musk does have,” he said.

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Tesla to boost overall production as Model 3 demand skyrockets

All that said, it’s certainly no secret that Model 3 production got off to something of a shaky start, with Elon Musk conceding that too much of the …

One of the key metrics investors tend to hone in on when it comes to Tesla involves the company’s ability to manufacture the Model 3 at scale. And with good reason, the Model 3 represents Tesla’s attempt to become more of a mainstream car company, and that simply isn’t realistic if Tesla can’t ramp up supply to meet demand. Sure, the Model S is a fine luxury sedan, but the Model 3 is a car that was designed for the masses.

All that said, it’s certainly no secret that Model 3 production got off to something of a shaky start, with Elon Musk conceding that too much of the assembly line was automated early on.

“We did go too far on the automation front and automated some pretty silly things,” Musk said during an earnings conference call last year.

In stark contrast, Tesla today seems to finally have gotten a handle on Model 3 production. Indeed, strong Model 3 demand and improved efficiency across the production line helped Tesla this past quarter set a new all-time record for deliveries. Specifically, Tesla during the June quarter delivered 77,550 Model 3 units.

In light of all that, a new report from Bloomberg relays that Tesla is preparing to boost production at its Fremont plant in California.

The electric-car maker is “making preparations” to raise output at its factory in Fremont, California, Jerome Guillen, Tesla’s automotive president, wrote Tuesday. “While we can’t be too specific in this email, I know you will be delighted with the upcoming developments.”

Guillen’s email also added that Tesla this past quarter “hit new records in all production lines for output and efficiency.”

Notably, there’s no indication as to which vehicle or vehicles will benefit from the increased production. While it’s possible Guillen is talking about the Model 3, it’s just as plausible that he’s talking about the Model S or even the Model Y. Indeed, Tesla has indicated that if all goes according to plan, the Model Y — which is a crossover version of the Model 3 — should be available by early 2020.

Image Source: TierneyMJ/Shutterstock
Tags: Tesla

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Teslas Can Now Fart So You Can Get A Whiff Of Elon’s Musk

Extremely serious Tesla CEO Elon Musk sure does love an Easter Egg. If you delve into the various sections settings of a Tesla you’ll find a tonne of …
Image: Tegan Jones/Gizmodo Australia

Extremely serious Tesla CEO Elon Musk sure does love an Easter Egg.

If you delve into the various sections settings of a Tesla you’ll find a tonne of hidden goodies. Some add comfort, convenience and practicality to the luxury EV.

Others make you wonder what kind of cooked unit even thought to put something like this into a car. And then you remember it’s Elon.

Case in point, Tesla’s new ‘Emissions Testing’ functionality. Yeah, it’s a fart app.

Here’s The World’s First Water Powered Tesla

While some might argue that solar power is a pretty clean energy source, this gentleman decided to take things to the next level. On Thursday Tesla tweeted out a video of a Model 3 owner who decided to charge his car with the power of water.

Read more

This was originally rolled out in December, but Musk didn’t really talk much about it until E3 in June this year.

As it turns out, there is a little more to it than just tapping the screen to make it fart. It’s actually quite extra.

You can find the fart app hidden in the Toy Box section of a Tesla’s signature dash screen. Unlike some of the other apps (such as games as Romance Mode), you can access it even when the car is in motion.

Tesla’s Toy Box. Do excuse the smudge marks and phone photography.

The app can be identified by the overt whoopie cushion in the centre. Once you open it, you’re given options regarding how toy can utilise this incredibly important functionality.

‘Ludicrous Fart’ was obligatory.

The car allows you to let one rip on demand, or you can program it to fart whenever you use the indicator.

You can also change the seat that the fart comes from, and doing so makes the noise fire from the closest speaker to that seat. For example, placing the digital whoopie cushion in the back left seat make the audio trigger from that side of the car.

If you thought that just one fart sample was utilised, you’d be extremely wrong. There are a surprising amount of options, most of which have been given names that relate to one of Musk’s various ventures or products.

They include:

  • Not a Fart
  • Short Shorts Ripped
  • Falcon Heavy
  • Ludicrous Fart
  • Neurastink
  • Boring Fart
  • I’m so random
‘Not A Fart’ sounds particularly wet.

I threw caution to the wind (heh) and opted for the ‘I’m so random’ option when it came to setting the indicator to fart mode. I then proceeded to drive with it on for forty-five minutes.

This was a mistake.

I’m not proud to admit just how amused I initially was. Having a car make a variety of gross noises while changing lanes certainly was giggle-inducing.

But the novelty wore off once I was stuck at various intersections in peak hour traffic. I had to switch it off before succumbing to a rage blackout.

But hey, I can’t deny that dumb features such as this helps achieve Musk’s aim of making Teslas the most fun cars ever. I hate how much I loved this… at least at first.

You can hear it in action here:

So the Tesla farts now, so I set it to fire when the indicator is activated

Sound highly recommended ???? pic.twitter.com/PaXflDZN41

— Tegan Jones (@Tegan_Writes) June 27, 2019

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Intel (INTC) Holder Alpha Cubed Investments Has Decreased Its Holding by $899410 as Shares …

… INVESTMENTS TOTALING $72 MLN IN 12 TECHNOLOGY STARTUPS; 23/05/2018 – C3 IoT Partners With Intel to Deliver Al Appliance; 22/05/2018 …

Intel Corporation (NASDAQ:INTC) Logo

Alpha Cubed Investments Llc decreased its stake in Intel Corp (INTC) by 4.08% based on its latest 2019Q1 regulatory filing with the SEC. Alpha Cubed Investments Llc sold 16,970 shares as the company’s stock declined 9.61% while stock markets rallied. The institutional investor held 398,973 shares of the semiconductors company at the end of 2019Q1, valued at $21.43M, down from 415,943 at the end of the previous reported quarter. Alpha Cubed Investments Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $216.13B market cap company. The stock increased 3.04% or $1.43 during the last trading session, reaching $48.28. About 7.46M shares traded. Intel Corporation (NASDAQ:INTC) has declined 16.90% since June 26, 2018 and is downtrending. It has underperformed by 21.33% the S&P500. Some Historical INTC News: 08/05/2018 – INTEL CAPITAL – INTEL CORP’S GLOBAL INVESTMENT ORGANIZATION ANNOUNCED NEW INVESTMENTS TOTALING $72 MLN IN 12 TECHNOLOGY STARTUPS; 23/05/2018 – C3 IoT Partners With Intel to Deliver Al Appliance; 22/05/2018 – The basket includes Nvidia, AT&T, Intel and Walmart; 09/04/2018 – Velostrata Partners with Google Cloud to Accelerate Enterprise Cloud Migration; 15/05/2018 – I-COM 2018: Ekimetrics won the Intel challenge hackathon final showcasing its consultants’ excellence in Data Science; 07/05/2018 – The Project Brainwave system uses field-programmable gate arrays from Intel; 27/04/2018 – INTEL CORP INTC.O : BMO RAISES TARGET PRICE TO $62 FROM $58; 13/03/2018 – The Dow Jones industrial average rose more than 100 points at the open with Intel leading the gains; 17/04/2018 – Ionic Delivers Preview Release Of Secure Files Hardened With Intel® Data Guard At RSA Conference; 12/03/2018 – Recode Daily: Intel may join the Broadcom-Qualcomm fight

Jhl Capital Group Llc increased its stake in Tesla Inc (Put) (TSLA) by 33.98% based on its latest 2019Q1 regulatory filing with the SEC. Jhl Capital Group Llc bought 168,900 shares as the company’s stock declined 24.73% while stock markets rallied. The hedge fund held 666,000 shares of the capital goods company at the end of 2019Q1, valued at $186.39M, up from 497,100 at the end of the previous reported quarter. Jhl Capital Group Llc who had been investing in Tesla Inc (Put) for a number of months, seems to be bullish on the $40.71B market cap company. The stock increased 2.16% or $4.75 during the last trading session, reaching $224.51. About 3.91 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has declined 20.56% since June 26, 2018 and is downtrending. It has underperformed by 24.99% the S&P500. Some Historical TSLA News: 29/03/2018 – This is a ‘critical time’ for Tesla, says Moody’s analyst who who downgraded its credit rating; 12/04/2018 – The NTSB said it “revoked” Tesla’s status as a party to its investigation of a fatal crash involving a Model X with Autopilot engaged; 15/05/2018 – Nearly 30 executives have left Tesla since 2016. Here is every one of them; 04/05/2018 – ‘Tesla Is a Loaded Gun,’ Says Analyst Ferragu (Video); 29/03/2018 – Tesla shares are on pace for their worst monthly performance as the electric car company faced a federal investigation and after a recent Moody’s downgrade; 22/05/2018 – Business Insider: Grimes says boyfriend Elon Musk never tried to stop Tesla workers from unionizing, calls it ‘fake news’ in a; 03/05/2018 – Tesla charges ahead in China as it burns through cash; 28/03/2018 – Amazon, Tesla, Facebook And Investing In ‘The Future’; 21/03/2018 – Tesla shareholders approved a new compensation package for CEO Elon Musk that could net him tens of billions over the next decade; 10/04/2018 – BP teams up with Tesla to venture into battery storage for windfarm

Since December 28, 2018, it had 1 buying transaction, and 6 insider sales for $13.05 million activity. Guillen Jerome M also sold $305,420 worth of Tesla, Inc. (NASDAQ:TSLA) shares. 15,000 shares were sold by Straubel Jeffrey B, worth $4.40M. 102,880 Tesla, Inc. (NASDAQ:TSLA) shares with value of $25.00 million were bought by Musk Elon. $5.84 million worth of Tesla, Inc. (NASDAQ:TSLA) shares were sold by Gracias Antonio J..

Investors sentiment decreased to 0.93 in Q1 2019. Its down 0.53, from 1.46 in 2018Q4. It dived, as 96 investors sold TSLA shares while 158 reduced holdings. 57 funds opened positions while 179 raised stakes. 86.83 million shares or 10.41% less from 96.91 million shares in 2018Q4 were reported. Bryn Mawr Trust Com accumulated 0.02% or 1,025 shares. 2,885 were reported by Diversified. 10 are owned by Farmers & Merchants Incorporated. Focused Wealth Mngmt reported 0.31% stake. Amalgamated Bancshares holds 18,803 shares or 0.13% of its portfolio. Fcg Advsrs Limited Liability Co holds 0.07% or 786 shares in its portfolio. Ubs Asset Mgmt Americas holds 438,213 shares or 0% of its portfolio. Regent Inv Management Ltd Liability Corp holds 0.07% or 769 shares. Peapack Gladstone Financial has invested 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). 1832 Asset Mngmt LP holds 0% or 191 shares. Charles Schwab Invest Mngmt Inc reported 0.06% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Birinyi Associate Incorporated invested in 800 shares or 0.1% of the stock. Bluestein R H And has invested 0.02% in Tesla, Inc. (NASDAQ:TSLA). Private Advisor Ltd has invested 0.07% in Tesla, Inc. (NASDAQ:TSLA). Malaga Cove Capital Limited Liability Co owns 1,872 shares or 0.32% of their US portfolio.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Nasdaq.com which released: “Noteworthy Thursday Option Activity: TSLA, CLW, TELL – Nasdaq” on June 13, 2019, also Nasdaq.com with their article: “Why Ford Stock Is Undervalued – Nasdaq” published on June 17, 2019, Livetradingnews.com published: “Tesla’s (NASDAQ:TSLA) Stock at 3 Yr Lows – Live Trading News” on June 04, 2019. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Nasdaq.com and their article: “Tesla (TSLA) Gains As Market Dips: What You Should Know – Nasdaq” published on June 21, 2019 as well as Streetinsider.com‘s news article titled: “Positive Tesla (TSLA) Datapoints Highlighted at Wolfe Research – StreetInsider.com” with publication date: June 26, 2019.

Since January 25, 2019, it had 0 insider purchases, and 5 selling transactions for $352,535 activity.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Supreme Court hearing Intel retirement plan case – Seeking Alpha” on June 10, 2019, also Nasdaq.com with their article: “Factors to Consider Ahead of Intel’s (INTC) Q1 Earnings – Nasdaq” published on April 23, 2019, Nasdaq.com published: “The Older We Get, The Better Intel Stock (Or, At Least Its Dividend) Looks – Nasdaq” on June 25, 2019. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Nasdaq.com and their article: “QQQ, CSCO, INTC, ADBE: Large Inflows Detected at ETF – Nasdaq” published on June 14, 2019 as well as Investorplace.com‘s news article titled: “Investors Should Avoid Intel Stock … For Now – Investorplace.com” with publication date: June 21, 2019.

Investors sentiment decreased to 0.86 in Q1 2019. Its down 0.14, from 1 in 2018Q4. It dived, as 61 investors sold INTC shares while 733 reduced holdings. 139 funds opened positions while 541 raised stakes. 2.84 billion shares or 4.15% less from 2.96 billion shares in 2018Q4 were reported. Boston Advisors Ltd Llc invested in 528,905 shares or 1.45% of the stock. Murphy Cap Management Incorporated invested in 0.25% or 30,484 shares. Ims Cap Management invested in 1.58% or 36,020 shares. Putnam Invs Ltd owns 3.79 million shares for 0.47% of their portfolio. Regentatlantic Cap Ltd Limited Liability Company invested 1.76% of its portfolio in Intel Corporation (NASDAQ:INTC). Community Fincl Serv Grp Ltd Liability Corp has 1.18% invested in Intel Corporation (NASDAQ:INTC). Ballentine Prtnrs Limited Liability Co stated it has 0.08% of its portfolio in Intel Corporation (NASDAQ:INTC). First Mercantile has invested 0.1% of its portfolio in Intel Corporation (NASDAQ:INTC). Capwealth Advsr Ltd Liability Com reported 7,919 shares. M&T Bank & Trust has invested 0.55% in Intel Corporation (NASDAQ:INTC). Sun Life Fin holds 7,646 shares or 0.09% of its portfolio. Gateway Investment Advisers Lc accumulated 2.32M shares. First Tru Advisors Ltd Partnership has invested 0.45% of its portfolio in Intel Corporation (NASDAQ:INTC). L And S Advsr holds 0.99% or 136,557 shares in its portfolio. Harvey Limited Company invested 0.21% of its portfolio in Intel Corporation (NASDAQ:INTC).

Alpha Cubed Investments Llc, which manages about $320.00 million and $825.50M US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 72,856 shares to 338,902 shares, valued at $9.35 million in 2019Q1, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 19,248 shares in the quarter, for a total of 57,777 shares, and has risen its stake in Ishares Tr (EFA).

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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