Uber and Lyft's Financials Reveal Two Ride-Hailing Strategies

Uber and Lyft's Financials Reveal Two Ride-Hailing Strategies

Out of the chaos of Uber’s international business, which ranges from shared to premium ride-hail trips, to e-bikes, to e-scooters, to buses, to on-demand staffing, to food delivery, Khosrowshahi promised some actual money.

Tesla Reports Strong Results, but Challenges Loom Ahead

Tesla Reports Strong Results, but Challenges Loom Ahead

Earlier this month, Tesla and SpaceX CEO Elon Musk appeared on stage in Shanghai to celebrate the opening of Tesla’s new 9.3 million-square-foot factory there, and the start of production for the Model 3 , the company's affordable sedan, in Asia.

Why the PG&E Blackouts Spared California's Big Tech HQs

Why the PG&E Blackouts Spared California's Big Tech HQs

Wara says they tend to be built to higher standards, making them less prone to wind damage.“The lines in the South Bay where the tech headquarters are, like in Mountain View and Santa Clara County, are [surrounded by] wide open space—there's basically no vegetation.

Uber and Lyft Suggest the Days of Cheap Rides Could Be Over

Uber and Lyft Suggest the Days of Cheap Rides Could Be Over

Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now.Uber also took a hit in Latin America, where its revenue fell by 24 percent in the quarter, as Chinese ride-hail company Didi began an aggressive push into that market.

Self-Parking Garages, Robovans, and More Car News This Week

Self-Parking Garages, Robovans, and More Car News This Week

Speaking of electrics, we watched Ford’s prototype battery-powered Ford F-150 haul a train, saw Cruise delay its plans to launch a robo-taxi service in San Francisco, and inspected financials from Tesla showing that while deliveries are up, so are losses.

Tesla Delivers More Cars—and More Losses

Tesla Delivers More Cars—and More Losses

Wednesday, the company said it had delivered 95,356 vehicles in the second quarter of 2019, beating its own record of 90,966, from the end of 2018.

Lyft’s Loss Grows, but Execs Say the Bleeding Will Stop Soon

Lyft’s Loss Grows, but Execs Say the Bleeding Will Stop Soon

Lyft shares have fallen more than 20 percent since the IPO.A few business lines weighed down the company in the quarter, executives said. Lyft expects its revenue per active rider to stay flat through the coming summer months—peak scootin’ time, which might steal riders away from the company's higher-margin ride-hail services.

Tesla's Robotaxis, Ugly Earnings, and More Car News This Week

Tesla's Robotaxis, Ugly Earnings, and More Car News This Week

On Monday, Elon Musk welcomed investors to Tesla’s Palo Alto headquarters for the company’s first Autonomy Day, where he made some serious news: He promised an all-electric, 1-million-car fleet of self-driving Tesla taxis would roam the Earth by next year.

Tesla Is Losing Money Again As Deliveries Decline

Tesla Is Losing Money Again As Deliveries Decline

The company will work on rethinking and refining its delivery strategies throughout the quarter, Musk said, but he advised shareholders not to expect another profit until the second half of the year.

In the 2020 Race, What Is the Value of Social Media Stardom?

In the 2020 Race, What Is the Value of Social Media Stardom?

Speaking of that candidate, Buttigieg and his fellow Democrats all have a long way to go if they want to catch up: Not only did President Trump's campaign raise more money than every Democrat last quarter, but last month on Twitter, he earned ten times more interactions than even Mayor Pete.

Tesla Is Better at Making Cars. Delivering Them? Not So Much.

Tesla Is Better at Making Cars. Delivering Them? Not So Much.

During a February call with reporters, Musk said, “I really have as my top priority this year making service amazing at Tesla.” The company also backtracked last month on a plan to shut down all of its showrooms in an attempt to bring down its vehicle prices.

Why Amazon’s Search for a Second Headquarters Backfired

Why Amazon’s Search for a Second Headquarters Backfired

But in at least one respect, Amazon’s Hunger Games-style civic competition backfired: It’s shined a spotlight on how Amazon and companies like it have benefitted enormously from taxpayer funds.Each year, local politicians spend up to an estimated $90 billion to lure corporations like Amazon to their states, which The Atlantic points out is “more than the federal government spends on housing, education, or infrastructure.” Most companies broker these deals in private.“Companies are already very good at negotiating incentives, often using offers from other cities to up their deals.

Amazon’s HQ2 Hunger Games Are Over, and Jeff Bezos Won

Amazon’s HQ2 Hunger Games Are Over, and Jeff Bezos Won

Amazon’s HQ2 Hunger Games Are Over, and Jeff Bezos WonMark Lennihan/APAfter a 14-month search, Amazon announced Tuesday that it will open a pair of regional offices in two major metropolitan areas where it already has a presence: the Long Island City neighborhood of Queens, a borough of New York, and Arlington, Virginia, just outside Washington DC.The decision comes after more than 230 cities submitted bids to be home of the Seattle-based company’s highly anticipated second headquarters, which originally promised to employ 50,000 white-collar workers.

Apple Abandons the Mass Market, as the iPhone Turns Luxury

Apple Abandons the Mass Market, as the iPhone Turns Luxury

That means speaking to as an aspirational clientele for whom brand, form, and function are all of a part, and where the higher price point is at times a sotto voce aspect of the appeal.It is hard to argue with that strategy, although it does make Apple a different sort of company than it was a decade ago, away from owning the market with a range of prices and products and toward a premier provider in a mass world.