Tesla Q1 release on Wednesday next week  – new governance guide

The US electric car manufacturer Tesla (TSLA) has announced that the company Q1 information will be released on Wednesday, the 24th April. Also the Investor Day related to Autonomous driving would be next week Monday the 22nd April.

Tesla published a couple of weeks ago its last year production figures. According to that, Tesla produced approximately 77 100 total vechiles, of which were 62 950 Model 3. Deliveries were approximately 63000 vehicles, which was 110 % more than the same quarter last year. Also Tesla confirmed that the guidance for this year would be 360000-400000 vehicles deliveries.

Yesterday the company also announced changes to its board. According to information Brad Buss and Linda Johnson Rice wil not seek re-election, which means that the Board size will decrease to nine. The company has also published new governing rule which cuts the term to two years instead of three. This means that there would be also changes in the Board during 2020. The annual shareholder meeting will be on June, the 11th. The new governing rule will help shareholders vote on the Board performance more frequentely.

Tesla share rose 0,75 % to 273,26 dollars in New York before the Easter holidays. During one year period the share has declined 5,85 %. During 2019 the share has plunged 18 %.

Business Finance Tech Travel

Pinterest rose over 28% in New York IPO – target 250 million users

The US social commerce company Pinterest (PINS) listed today in the New York Stock Exchange. The stock rose over 28 % above its IPO price, valuing the company to nearly 13 billion dollars.

The IPOs of Pinterest and the video service company Zoom Video Communications (ZM) showed increased investor confidence after the disapointments related to the stock performance of the ride-hailing company Lyft (LYFT)  IPO  in the early April. According to Bloomberg, Lyft is trading down 19 % from its IPO price

This trend gives more momentum also to the second ride-hailing company Uber to list in May. Uber is expected to raise about 10 billion dollars, which would value the company at 100 billion dollars. Also Airbnb is in the pipeline.

Pinterest is serving its users like a digital platform for inspiring visual arts for fashion, weddings, recipes and more. This San Fransicso-based company is targeting more than 250 million monthly active users.

Business Finance Lifestyle Tech

Qualcomm shares continued up 12% in Nasdaq today 

The share price of the US wireless company Qualcomm (QCOM) continued in the Nasdaq Stock Exchange in New York today. The stock ended up 12,25 % to 79,08 dollars in the aftermatch of the yesterdays news of the global royalty settlement with Apple (AAPL). Yesterday evening the stock climbed over 23 % after the news release.

Apple-shares also rose and ended up 1,95% to 203,13 dollars. The settlement means that the companies have agreed the shipments for the next six years and also Apple made an onetime payment related to the royalties. In the future Apple will have Qualcomm chips in its iPhones while the current supplier Intel (INTC) has had delivery problems.

Intel also announced yesterday that it will exit the 5G modem markets and focus on other parts of 5G ecosystem. Intel shares ended up 3,26% to 58,56 dollars. According to markets the company sift is seen as positive action towards more profitable business sectors.

The overall market sentiment was down in spite of the positive outlook for the semiconductor and mobile industry. Dow Jones ended down 0,01 % to 26 449 points, the S&P 500 index ended down 0,23 % to 2900 points and Nasdaq ended down 0,05 % to 7996 points.

Euro was trading unhanged at 1,1296 dollars, as well as the UK sterling, unchanged at 1,30 dollars.

During the day the economic indicators showed that China GDP grew 6,4 % annual rate during the first quarter this year. The growth exceeded the estimates. On the other hand, the US trade deficit dropped in February due to the 20,2 % decline in the imports from China.

Business Finance Tech

Apple and Qualcomm to settle royalty disputes

Apple-Watch-Series4_Gold-Milanese_09122018Apple (AAPL) and Qualcomm (QCOM) have reached an agreement about the global royalty disputes. The companies announced the deal on Tuesday evening but did not closed any price details.

According to the deal, Apple is to make an onetime payment to Qualcomm and part of the deal is that the companies have also reached  a six year license agreement. Qualcomm commented that this agreement will increase its earnings by 2 dollars per share when the shipments of chips to Apple starts.

After the news, the share price of Qualcomm jumped and closed up 23,21 % to 71,76 dollars. The share price of Apple was up slightly, closing 199,23 dollars.

Recent studies by CTA show that the 5 G enabled smartphones will reach 2,1 million units and 1 billion dollars revenue this year. According to the research by 2022, 76 % of all the smartphones will be 5 G enabled. It is expected that the rise of the 5 G in the US markets have fueled the companies to reach the deal.

Business Tech

Uber to file IPO on Nyse

The US ridesharing company Uber announced it is filing an IPO on Nyse. The trading is expected to start in the early May with the symbol UBER.

The company said the revenue last year was 11,3 billion dollars and loss 3,3 billion. The revenue from ridesharing was 9,2 billion dollars. Uber had 91 million users at the end of 2018.

According to Reuters the company is expected to sell stocks worth 10 billion dollars. If so the IPO would be the largest tech IPO after Alibaba in 2014.

The valuation of the company is estimated to be 90-100 billion dollars. Earlier the estimates were nearly 120 billion, but due to the debyt of its rival, Lyft, the pricing has been more moderate.

The IPO price for Lyft was 70 dollars per share, and the company is now trading below that. Today Lyft’s shares were up and trading at 60 dollars in New York.

Finance Tech

Apple launches Apple News+ as a media platform

The US Apple (APPL) has today announced Apple News+, a new subscription service that brings together over 300 magazines, leading newspapers and digital publishers into a  Apple News app.

Available first in the US and Canada, Apple News+ presents the best and most relevant articles to meet range of interests from renowned publications such as Vogue, National Geographic Magazine, People, ELLE, The Wall Street Journal and Los Angeles Times.

Later this year the Apple News+ service will be in Europe and Australia.

The company also announced a new credit card. The card called Apple Card is, according to the company, built on simplicity, transparency and privacy.

Apple is partnering with Goldman Sachs and Mastercard to provide the support of an issuing bank and global payments network.

Tech

The car of the year: Jaguar i-pace

The car of the year, Jaquar i-pace, is an exciting new friendship. This electric SUV car is full of innovations and design. According to the company, it is the culmination of years of engineering and arts. And so it is.

My first testdrive ever with Jaguar was exciting. The batteries of the Jaguar i-pace are high energy density lithium-ion cells, which are located within the floor, between the axles. They offer low centre gravity which is a perfect touch for winter roads.

And yes, electric car is silent also inside the car. Jaguar will give you a comprehensive 8 year warranty or 160.000 kilometres for the batteries (90 kWh). In some cases, the warranties might be shorter ones, like 5 year or 100 000 kilometres, so this is a plus for Jaguar.

According to the company, the driving range for a single full charge, is about 480 km on the WLTP standards (worldwide light vehicle test procedure). This new process, which has been in force from 2017, measures closer the real-world driving behaviour. It is about more demanding test procedure than before. It is about emissions, range, fuel and energy consumption in passanger vehicles in Europe.

Jaguar sport electric car shows the very best craftmanship of the British car industry. This sporty, modern and stylish interior will balance the new and old, like the pre-cool or pre-heat functions in the cabin via the Jaguar application.

This all-wheel-drive, two electric motors SUV is good to steer and park. The dimensions inside the car are within reach and the design allows you to optimize the steering.jipaceva04profile120918-resize-1221x814-crop-1140x814

Jaguar is also committed to reduce the dependency of fossil fuels, using fewer natural resources and creating less waste as part of the company approach to responsible and sustainable business development.

 

Lifestyle Tech Travel