The Roadster goes 0 to 60 mph in 3.9 seconds. Image: Yi-Wyn Yen
By Yi-Wyn Yen
SAN FRANCISCO - How much is Tesla Motors worth?
Tesla CEO Elon Musk won’t say, but it’s at least too expensive for General Motors to buy. “I’m not sure they can afford Tesla right now,” he said during a 30-minute talk Friday at the Web 2.0 Summit.
The South African-born entrepreneur talked candidly with host John Battelle about the failures of the auto industry and Tesla’s own troubles. Battelle had asked why GM (GM) doesn’t buy the electric car startup.
GM reported a $2.5 billion loss in the third quarter Friday and also warned that it could run out of cash soon. Said Musk, “There’s an issue with organized labor and trade and management still acts like it’s 1955. There are too many country club memberships, and [GM] management has focused on the wrong thing. “
Tesla has been plagued with [...]
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By Michael V. Copeland and Yi-Wyn Yen
SAN FRANCISCO - Al Gore didn’t take credit for inventing the Internet at the Web 2.0 Summit Friday, but he did credit it with enabling the victory of President-elect Barack Obama and helping restore faith in the principles upon which the United States was founded.
“The electrifying redemption of America’s revolutionary declaration, that all human beings are created equal,” Gore said to a cheering crowd, “would not have been possible without the addition of the empowerment of individuals to use knowledge as a source of power that has come with the Internet.”
In a speech that ranged from the foundations of printing, computing and other disruptive technologies, to the subject of the dampening effects of television and the need to tackle climate change, Gore returned to the Internet and Web 2.0 as tools to bring about huge leaps forward in society. He highlighted the way in [...]
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