Musk to Review All of Tesla’s Expenses in New Cost Cutting Efforts
According to an all-staff email, Tesla employees were told that the company will run out of cash in about 10 months unless “hardcore” cost-cutting efforts are made, despite the fact that Tesla just raised $2.7 billion earlier this month.
Elon Musk and new CFO Zack Kirkhorn will review “all expenses of any kind anywhere in the word, including parts, salary, travel expenses, rent, literally every payment that leaves our bank account,” according to the email.
2018 may have been a pivotal year for the company’s manufacturing efforts, but Tesla still faces an existential crisis when it comes to money.
Read the article at The Verge.
The U.S. States With The Worst Roads
Transportation for America, a nonpartisan group dedicated to increasing investment in transportation, has released its "Repair Priorities 2019" report, detailing the worsening conditions of U.S. roads.
Things could get bumpy for drivers in Rhode Island where 53% of roads were deemed poor while California and Hawaii followed with 45% and 42% respectively. Idaho and Tennessee were at the opposite end of the scale with only 5% roads in both states deemed to be in poor condition.
Read the article at Forbes.
Using Artificial Intelligence to Detect and Reduce High-Risk Driving Behaviors
Donlen has partnered with Nauto to offer an AI-powered device that effectively detects and reduces high-risk driving behaviors.
INNOV8 Through Thinking and Acting Differently
How to innovate through little I’s to make a big impact.
Momentum IoT Awarded Best Connected Solution for Fleet Tracking by Compass Intelligence
Momentum IoT was named the winner by the 2019 CompassIntel Spring Awards in the category of Connected Solution Leadership: Fleet Tracking Management for IoT and M2M.
The awards are voted on by over 40 industry-leading press, editors, journalists, thought leaders and analysts who identify the best in three primary categories: Mobile & Wireless, IoT (Internet of Things), and Emerging Tech, along with CompassIntel.com selected “of the Year” awards.
“We’re excited to recognize the innovation that Momentum IoT has introduced to connecting assets with ease and simplicity,” says Stephanie Atkinson, CEO and Founder of Compass Intelligence. “Momentum IoT has made fleet tracking affordable and achievable for small to medium sized businesses.”
