Model X | Tesla
If imitation is the sincerest form of flattery, then Elon Musk should be blushing.
In addition to the increased competition from big auto manufacturers, there are also now many venture-backed startups that are now kicking tires within the electric vehicle industry. According to Tracxn, a startup intelligence platform, some of Tesla’s rivals include Faraday Future, NextEV, and Atieva.
At first glance, it’s easy to be blown away by Elon Musk’s impressive resume.
He’s shooting for the stars with SpaceX, changing the future of transportation with Tesla, Hyperloop, and The Boring Company, and he’s already had a profound impact on the e-commerce and payments sectors through Paypal. It’s no coincidence that most of these are $1 billion+ companies.
Last year, Visual Capitalist published a chart showing that tech companies have displaced traditional blue chip companies like Exxon Mobil and Walmart as the most valuable companies in the world.
URANIUM MINERS UP 59% SINCE ELECTION ON PRO-NUCLEAR HOPES
The Chart of the Week is a weekly Visual Capitalist feature.
The inner-workings of most commercialized batteries are typically pretty straightforward.
The lead-acid battery, which is the traditional battery used in the automotive sector, is as easy as it gets. Put two lead plates in sulphuric acid, and you’re off to the races.
In the company’s first 10 years, Mark Zuckerberg transformed Facebook from a college side-project into a multi-billion dollar platform.
Along the way, Zuckerberg was given many opportunities to exit. He was offered $75 million from Viacom in the very early days, and then $1.5 billion later on (including $800 million cash up front). Yahoo also missed out on making a deal after having its $1 billion offer rejected in 2006.
Whether it is lashing out on China for unfairly weakening its currency, or calling out “unfair” government subsidies on Canadian softwood lumber, it’s safe to say that re-opening discussions about foreign trade has become a key priority under President Trump.
In October 1969, UCLA student Charley Kline was attempting to send the word “login” over to the Stanford Research Institute using the internet’s precursor: ARPANET.
At first, the system crashed, only managing to send the letters “i” and “o”. But an hour or so later, the full message was successfully sent and history was made: