Efficient Markets And The Tesla Gamble

Last year Bloomberg and, I suppose everyone else, asked will Tesla ever make money? They lose $4000 on every model S they sell. What else could they have done with the money?

Solid investment?: source
Solid investment?: source

As anyone who reads the financial news knows, the world´s economy is awash with cash and has been for almost a decade. The Bank of Japan is so keen to get people to spend their lucre that they are now charging negative interest rates. The surplus of cash has led to commodity and asset bubbles as far as I can tell. Want to know why a zero-bedroom windowless chamber in London costs £800,000? Continue reading “Efficient Markets And The Tesla Gamble”

Volvo: Scandinavian Without the Drama

Volvo are re-emerging from the Northern wilderness and look set to upset the automotive establishment by offering something increasingly novel: a genuine alternative.

Image: speedcarz
The new face of Volvo. Image: speedcarz

Recently I was asked to cite which manufacturer impressed most over the past twelve months and I didn’t hesitate. It had to be Volvo. Having been a brand that previously earned my respect but little else, the sole remaining Swedish marque appears to be in the process of reinventing itself as perhaps the most viable alternative to the hegemony of the luxury car establishment, with a style and appeal that stands coolly apart from the self-aggrandizement of the mainstream prestige marques and their acolytes. Continue reading “Volvo: Scandinavian Without the Drama”