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The Dogefather rides popularity wave – but not with everyone | TICKER VIEWS

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(He’s actually not super popular with Tesla investors but more on that shortly).

Elon Musk has 54 million followers on Twitter and after sending this into the Twitterverse: 

Nearly 4 million people voted one way or another, around 100,000 retweeted, and over 70% answered ‘yes’ to the provocative question. Dogecoin’s price shot skyward immediately.

Musk is riding a tsunami of popularity after co-hosting Saturday Night Live, he took us further inside his remarkable mind during a wide ranging chat with the Wall Street Journal.

The 49-year old didn’t hold back in describing what’s wrong with business in the US.

“I think there might be too many MBA’s (Master of Business Administration) running companies. There should be focus on the product and service itself.” 

He has no interest in companies purely focusing on profit, board meetings and spreadsheets. 

“Why even have companies? A company has no value in and of itself. It only has value, to degree that is, being an effective allocator of resources to create goods and services that are of greater value than the costs of the inputs.”

Musk is adamant we can all develop a ‘product mindset’ like his. 

There are a number of steps involved with one constant “step number one would be try. Have you tried? Have you tried hard? And if you haven’t tried hard, try harder. I think it is learnable. It’s not some mysterious thing.”

Elon Musk/Getty Images

Now back to those angry investors. Tesla has had a bad recent run of PR in China and sales have been hit.

Last month Tesla was the target of protestors at China’s biggest auto show in Shanghai after owners vented their fury following problems with their cars.

These aren’t insignificant challenges but you get the feeing it won’t keep the new Texas resident up at night.

His focus is very clear “the two biggest things that I’ve got going on right now are the starship development in South Texas” and Tesla’s Gigafactory site near Berlin that’s just been approved.

Following Musk’s every move and motive is tricky, but you can guarantee one thing, wherever he directs his energy he is going to try very, very hard.

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Business

Jaguar Land Rover is developing a hydrogen-powered car

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Jaguar Land Rover will develop a new hydrogen-powered prototype of its iconic Defender SUV

The prototype program, known as Project Zeus, is part of JLR’s larger aim to only produce zero-tailpipe emissions vehicles by 2036.

Hydrogen only emits water making it ideal for larger vehicles with longer driving ranges, according to the car-maker.

It follows the company working towards cutting its tail-pipe emissions to zero by 2036.

The venture will be partly funded by the UK Government and will begin testing by the end of this year.

The UK plans to ban car sales that run entirely on combustion engines from 2030.

JLR has also made a commitment to have zero carbon emissions across its supply chain, products, and operations by 2039.

The automaker has also tapped AVL, Delta Motorsport, Marelli Automotive Systems, and the UK Battery Industrialization Center to help develop the prototype.

The testing program is designed to help engineers understand how a hydrogen powertrain can be developed that would meet the performance and capability (like towing and off-roading) standards that Land Rover customers expect.

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Emirates posts biggest loss in three decades

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Emirates has recorded its biggest yearly loss in three decades.

In a tweet the Emirates group announced it lost $6 billion USD for the 2020/2021 past year.

The airline blamed the worldwide travel restrictions as the main driver of the slump.

The group’s revenue was $9.7billion USD, a decline of 66 percent over last years results.

Emirates revealed their current cash balance is now at $5.4 billion USD which is down 23 percent from last year mainly due to the weak demand in air travel caused by multiple pandemic-related lockdowns.

Emirates also confirmed in a statement that they did receive a capital injection of $3.1 billion USD from the Dubai Government who is the ultimate shareholder of the Middle Eastern Carrier.

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Business

Way of the future: The Flying Taxi

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Instead of booking an Uber to an airport how about a flying taxi to get to your flight on time?

Virgin Atlantic is the latest company to explore whether it could launch a flying taxi service.

The airline suggests electric vertical take-off and landing vehicles could fly between towns and major airports.

Several companies have promoted the idea of “flying taxis” that could pick passengers up from rooftops in city centres and take them to a variety of locations but Virgin Atlantic’s suggestion is slightly sleeker.

The proposed craft will carry four passengers and a pilot up to 100 miles as well as being emission-free and quieter than a traditional helicopter.

What is the idea?

Several companies have promoted the idea of autonomous “flying taxis” that could pick passengers up from rooftops in the city and then take them to the main transport hub such as an airport.

Virgin Atlantic’s suggestion is slightly tamer.

It has proposed that an eVTOL aircraft could pick people up from a city such as Cambridge and fly them to a major airport such as Heathrow Airport in London.

Vertical Aerospace says its VA-X4 craft will be able to carry four passengers and a pilot up to 100 miles, as well as being emissions-free and quieter than a helicopter.

The company claims it will be “near silent” when cruising.

It has already partnered with American Airlines to bring out these new taxi’s as well as Avolon, an aircraft-leasing company.

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