In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Cryptocurrency in gambling is becoming increasingly popular because of its many advantages. It offers players complete anonymity because with crypto payments they don’t have to verify their identity to play casino games.
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Interestingly, Musk himself may understand how he is hurting Tesla. Elon knows a car guy must takeover – selling Tesla is the best way to achieve that.
Musk will let a car person takeover Tesla because his goal at the company is driving the mass adoption of electric cars not building a brand. Musk only started a car company and built a brand because nobody else was serious about electric cars.
Basically, electric cars are not only competitive with fossil fuel-powered vehicles, they exceed them, which means electricity could be the fuel of choice for the auto industry within a few years. The only thing keeping electric vehicles from being widely adopted is cost, which should fall as production increases.
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Volkswagen might also be a very undervalued stock. It had an enterprise value of $188.32 billion and a market cap of $99.39 billion on August 6, 2015, which indicates that its share price of $208.91 was too low.
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Even Warren Buffett, whose Berkshire Hathaway (NYSE: BRK.B) owns the iconic GEICO, has taken notice of the potential havoc this disruptive technology could wreak on insurers.
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One reason for this system is to make it easier to insure self-driving vehicles. Such standards will be vital if insurers are to develop policies for autonomous vehicles.
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The most astounding prediction in the report is that it would take 2 hours and 45 minutes for hyperloop to get you from Los Angeles to New York. If that projection were to come true the airline industry would basically be toast
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Fierce competition is already developing in the largely hypothetical Hyperloop industry, according to Forbes. Hyperloop Tech and HTT consider each other rivals and engage in trash talking.
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The whole telematics issue raises the interesting question of whether auto insurers are still a good investment. Value investors like Warren Buffett have long thought of auto insurers that way because of all the float their premiums generate, but is that still true in the face of all the competition in today’s insurance industry?
Read MoreBoth Tesla and SolarCity are losing a lot of money, and both could be in serious trouble if Mr. Musk cannot figure out a way to start generate cash and a lot of it—and fast. Musk has taken a very bold gamble here; he’s essentially betting two of his companies on a fundamental shift in the way the world gets electricity. If that change does not occur, both Tesla and SolarCity will find themselves caught in the death spiral.
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