Then there’s Tesla, which, with its high-profile Model S electric luxury car and the upcoming affordable Model 3, has been at the forefront of transportation’s transformations. But the company lost nearly $600 million in the first half of 2016, and two fatal Model S accidents have raised questions about the viability of its technology. While GM is sitting on some $20 billion in cash, Tesla is deeply in debt and seems likely to need a major infusion in order to achieve even its near-term goals. Despite its outsize reputation, Tesla delivered just 50,580 vehicles in 2015, compared to GM’s output of nearly 10 million. Elon Musk says Tesla will make 500,000 cars in 2018, but so far this year the company has missed its production goals. “Moving from producing tens of thousands of vehicles to hundreds of thousands of vehicles is a very significant challenge,” says Mike Ableson, who heads GM’s strategy group. “The Silicon Valley culture of developing … [Read more...] about Mary Barra Is Remaking GM’s Culture—And The Company Itself
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Woodman sees GoPro as a sort of mini Apple, a hardware company that is evolving into a software platform with social networking features. Its business model will even include monthly subscription fees alongside steady hardware upgrades. He evinces no worry about naysayers who compare GoPro to the Flip, the superhot handheld digital video recorder that launched in 2007, quickly dominated the camcorder market, was bought by Cisco in 2009, and shut down in 2011, when video-capable smartphones quickly made it obsolete. Today’s smartphones are becoming ever more durable—both Samsung’s Galaxy S7 and iPhone 7 are water-resistant—while lens quality is rapidly approaching GoPro’s most advanced offering. (The iPhone 7 offers a 12-megapixel sensor, the same as GoPro’s new Hero5, and a true zoom lens, which GoPro’s Hero5 lacks.) “My kids are 16,” says Michael Pachter, an analyst with Wedbush. “And I don’t recall ever going to a … [Read more...] about Can GoPro Rise Again?
9. YouTube YouTube launched in 2005 as a video-dating site. Users didn’t bite, but the company’s founders soon noticed that people had started sharing other kinds of video content. … [Read more...] about How YouTube, Instagram, Pixar, And Others Found Major Success After A Big Pivot
“The process is way too long. It’s a holdover from when information and people traveled less swiftly. As a result, campaigns need to spend more and presidents need to begin running for reelection halfway through their term.” —Hunter Walk, partner, Homebrew … [Read more...] about How We Should Elect Our President In 2020
The line becomes an obstacle to more sales in a physical location–just like it was for Starbucks before it embraced mobile ordering. Because today, a restaurant’s value has to be about more than food quality or even convenience; chains have to embrace smartphone-era expectations. For Domino’s, that’s led the pizza company to transform into a technology company–taking orders via an app, tweet, or Amazon Alexa, and firing all of that data to the one person closest who can make your pizza. There’s no rule that says fresh, locally sourced burritos are immune to the same market pressures to selling coffee or pizza. … [Read more...] about Chipotle is quietly staging a comeback