Tesla’s stock surpasses $500, total value now exceeds Ford and GM’s combined – Blog – 10 minute

In context: Despite a few setbacks over the years, Tesla is now doing quite well for itself. In 2019, it managed to ship an impressive (by Tesla standards) 367,500 vehicles, and it’s rapidly opening up new “gigafactories” throughout the world. If that wasn’t enough for the electric carmaker, though, there’s more good news for it to boast about now.
Yesterday, Tesla’s stock surpassed $500 per share, which has pushed the EV maker’s total valuation to roughly $94.6 billion as of writing. That’s an astounding figure for such a comparatively small car company and one that Tesla is probably pretty pleased with. Notably, it also makes Tesla America’s most valuable car company (for now).
The $94.6 billion number is made even more impressive when it’s put into the appropriate context. As other outlets have noted, Tesla’s total valuation is higher than not just that of other carmakers, but also the combined value of some such companies — Ford and GM, for example. The two automotive giants are, as of now, worth $36.64 billion and $50 billion, respectively.

Of course, as great as this news will be for Tesla’s executives and stockholders, there’s no guarantee this rapid stock price growth will be sustainable in the long term. Tesla has seen quite a bit of success and stability over the past few months in particular, but the company’s past is still troubled, especially where production is concerned. We’ll have to wait and see whether those troubles will rear their heads again in the future.
For now, though, Tesla (and anyone who’s purchased its stock) gets to enjoy the fruit of its labor. For our part, we look forward to seeing how Tesla’s stock performs over the next few months. Will it rise further and take the company beyond the $100 million ceiling or will it fall back down to earth? Only time will tell.

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Tesla Autopilot design combined with driver inattention caused crash, NTSB says – gpgmail


The National Transportation Safety Board said driver inattention coupled with the design of Tesla’s advanced driver assistance system Autopilot and an over reliance on feature were behind the January 2018 crash of a Model S into a parked fire truck on a highway in Southern California.
The NTSB filed Wednesday the report a day after issuing a preliminary brief that provided important details about the incident, including that the Model S was in Autopilot mode when it crashed into the fire truck.

The crash, involving a 2014 Tesla Model S, occurred January 22, 2018 in Culver City, Calif. The Tesla had Autopilot engaged for nearly 14 minutes when it struck a fire truck that was parked on Interstate 405. The driver was not injured in the crash and the fire truck was unoccupied.

Autopilot includes two important features, Autosteer and Traffic-Aware Cruise Control. Autosteer is a lane-keeping assist system that can only be engaged after Traffic-Aware Cruise Control is activated. The Traffic-Aware Cruise Control is an adaptive cruise control system that modifies speed based on information from the camera and radar sensors.

According to NTSB, the Model S had Autopilot engaged and was in the HOV lane following another car.

In the 15 seconds prior to the crash the system detected and followed two different lead vehicles. Data shows that 3 to 4 seconds before the crash, the lead vehicle changed lanes to the right, the NTSB report says. When the Traffic-Aware Cruise Control no longer detected the lead vehicle, the system accelerated the Tesla from about 21 mph toward the preset cruise speed of 80 mph, which had been set by the driver about 5 minutes before the crash, the report says.

The “Autopilot” system detected a stationary object in the Tesla’s path about 0.49 seconds before the crash and the forward collision warning activated, displaying a visual warning and sounding an auditory warning. By the moment of impact, the Tesla had accelerated to 30.9 mph.

Autopilot was engaged in the final 13 minutes and 48 seconds of the trip and yet, the system detected driver-applied steering wheel torque for only 51 seconds of that time, the NTSB said.

While, the Tesla Model S owner’s manual contains numerous warnings about the limitations of these features and the need for drivers to keep their hands on the wheel, the driver was not paying attention, the NTSB said. More importantly, the Tesla’s Autopilot design permitted the driver to disengage from the driving task, the NTSB concluded.


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CBS and Viacom are merging into a combined company called ViacomCBS – gpgmail


In a widely-anticipated move, CBS and Viacom have agreed to reunite.

The two media giants split back in 2006, although the Redstone family maintained control through National Amusements, a privately-held holding company. Now they’re coming back together in an all-stock merger, creating a new entity with the straightforward-but-ungainly name ViacomCBS.

The move is, in some ways, a concession to a turbulent media environment driving large-scale M&A, with AT&T buying Time Warner and Disney acquiring most of Fox — both deals seen as consolidation in preparation for a streaming-centric future. Similarly, once this deal is done, ViacomCBS is expected to make more acquisitions of its own.

It’s also a victory for Shari Redstone, who’s been pushing for the merger over the opposition of some CBS executives — when CBS CEO Leslie Moonves’ resigned last year in a scandal over sexual harassment allegations, he also paved the way for this merger.

Viacom CEO Bob Bakish will become CEO of the combined organization, while Joe Ianniello will continue to serve as chief executive at CBS, and Redstone becomes chair of the combined company’s board of directors.

My father once said ‘content is king,’ and never has that been more true than today,” Redstone said in a statement. “Through CBS and Viacom’s shared passion for premium content and innovation, we will establish a world-class, multiplatform media organization that is well-positioned for growth in a rapidly transforming industry.”

Brands owned by ViacomCBS include CBS (obviously), Showtime, Nickelodeon, MTV, BET, Comedy Central and Paramount Network, as well as the film studio Paramount Pictures.

In their announcement, the companies note that the merger creates a joint content library that includes more than 140,000 TV episodes and 3,600 films, and “reunites fan-favorite franchises such as Star Trek and Mission: Impossible” (which were previously split between Paramount on the film side and CBS on the TV side). They also say that this will allow them to “accelerate” their direct-to-consumer strategy, which includes offerings like CBS All Access, Showtime and Pluto TV.

The deal is expected to close by the end of 2019.




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