Tesla is now America’s highest valued car maker, first 3D printed parts in an airplane structure, Enjoy this weekly feed of inspiring, interesting and intellectual articles and news, with a focus on disruption!
Tesla is now America’s highest valued car maker
This Monday, Tesla’s market capitalization surpassed General Motors’, making Tesla America’s highest valued car manufacturer only 14 years after the company was founded in 2003. The stock climbed 3,3 percent this Monday to $50,9 billion, leaving Tesla valued around $64 million more than GM. Besides being number one in the US, Tesla is now the sixth biggest car manufacturer by market cap worldwide. The earnings, however, paint a completely different picture. According to Bloomberg, GM is expected to earn over $9 billion dollars this year while Tesla is expecting a loss of over $950 million.
First 3D printed parts in an airplane structure
For the first time a plane will use 3D-printed metals as structural components. Boeing is first out, using FAA-approved 3D-printed metal parts produced by Norwegian company Norsk Titanium for the 787 Dreamliner. Through printed titanium parts they expecting to shave off $2 to $3 million on each airplane by 2018.
Privacy and safety
Last week, some say, Stockholm was put on the map. The map for terrorist attacks. In a brutal and cowardly attack a man drove a truck down one of the most popular shopping streets, killing 4 and injuring 15 people. The terrorist was fortunately caught quickly, which was partly enabled by surveillance cameras.
In news on surveillance the San Francisco airport has been cleared to record all license plates, spurring big privacy concerns. There will always be a hard balance between privacy and control but while one can question if they really need to store the data for 4 years, it is certain that most people would want these sort of systems in place to safeguard from breaches and attacks.
Another big issue on security was raised last week as all internet operations of an international bank was under control of hackers. Security firm Kaspersky said, from the hackers point of view “you become the bank”. The banks name was not released but apparently it is an international bank with over $27 billion in assets…
Additionally, Kaspersky researchers believe the hackers may have even simultaneously redirected all transactions at ATMs or point-of-sale systems to their own servers, collecting the credit card details of anyone who used their card that Saturday afternoon. This heist shows how quickly a domain switch can undermine practically all other security measures a company might implement. We’ve seen a little too much of these hugely serious cyber threats recently so please let’s take it seriously!!