Apr 3, 2017

Tesla is now worth more than Ford

Marcio Jose Sanchez / AP

Elon Musk's 14-year-old electric-car maker, Tesla, is now worth more than 113-year-old Ford, with a market cap of $47 billion compared to Ford's $45 billion, reports Recode. Tesla beat analyst estimates in the first quarter of 2017, thanks to delivering a record 25k vehicles. The push is a good sign for Tesla as it gears up to start producing its first mass-market vehicle, the Model 3.

The company is planning to deliver 50k cars in the first half of 2017 and 500k by the end of 2018. Tesla also plans to begin construction on at least 3 more Gigafactories this year.

Note: Tesla is still much smaller than Ford, and continuing to lose revenue. The company had $7 billion in annual revenue in 2016, while Ford saw nearly $152 billion.

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Orion Rummler

2 hours ago - Politics & Policy

Trump hits back at Mattis: "I gave him a new life"

President Trump speaks at the White House. Photo: Doug Mills - Pool/Getty Images

President Trump unloaded on his former defense secretary via Twitter on Wednesday, hours after James Mattis condemned him for making a "mockery of our Constitution" in his response to mass protests in the wake of George Floyd's killing.

What he's saying: "Probably the only thing Barack Obama & I have in common is that we both had the honor of firing Jim Mattis, the world’s most overrated General. I asked for his letter of resignation, & felt great about it. His nickname was 'Chaos', which I didn’t like, & changed it to 'Mad Dog'"

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Stef W. Kight

4 hours ago - Politics & Policy

Obama praises young protesters, urges mayors to pursue police reforms

Former President Barack Obama called on all mayors to review their use-of-force policies and commit to policing reform in a virtual town hall Wednesday hosted by the Obama Foundation's My Brothers Keepers Alliance.

Why it matters: Obama has addressed the killing of George Floyd and the nationwide protests that followed on social media and in a Medium post, but this was his first time speaking about the past week's events on camera. His voice will add weight to the growing pressure on local, state and federal officials to pursue policing reforms.

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Orion Rummler

5 hours ago - Politics & Policy

James Mattis condemns Trump as a threat to the Constitution

Mattis on Fox in Septemnber 2019 in New York City. Photo: Steven Ferdman/Getty Images

Former Secretary of Defense James Mattis condemned President Trump for making a "mockery of our Constitution" in a statement to The Atlantic on Wednesday, saying he was "appalled" at the president's response to mass protests in the wake of George Floyd's killing.

Why it matters: Trump’s former defense secretary had refrained from publicly criticizing his former boss since resigning in 2018.

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