Elon Musk’s Tesla announces biggest quarterly loss ever

Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket

The tech billionaire Elon Musk sent one of his Tesla electric cars into space yesterday, a day before the company that built it announced its biggest ever quarterly loss.

Musk’s Tesla electric car and energy storage company lost $675.4m in the three months ending 31 December, the company announced on Thursday, compared with a loss of $121m for the same period last year.

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Huawei’s air gestures could be the revolution smartwatches need

Huawei seems to be well on its way to solving the biggest issue with smartwatches: their difficult to interact with displays. A patent filed by the company reveals a new way of interacting with smartwatches that isn’t constrained by small display size. These air gestures could be the revolution that smartwatches need.

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‘Greed is good’: ex-Uber boss likened to Gordon Gekko at trade secrets trial

Lawyers for self-driving car company Waymo play clip from Wall Street in court, as Travis Kalanick is accused of stealing rival’s ideas

A scene from the 1987 movie Wall Street became a flashpoint in the trial in which Google’s driverless car spinoff Waymo accuses the ride-hailing company Uber of stealing trade secrets.

“The point is, ladies and gentlemen, that greed, for lack of a better word, is good,” said the lead character, Gordon Gekko, played by Michael Douglas, in a grainy YouTube video shown on Wednesday to a packed room in San Francisco’s federal court. The former Uber CEO Travis Kalanick watched from the stand, shifting in his seat.

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