Monday, August 27th, 2018

Tesla Plans to Remain a Public Company
Company Blog Post

Elon Musk announced in a blog post that he is no longer considering taking the company private.

The post stated that going private would not be a popular option amongst existing investors, and the process of going private would be more time-consuming and distracting than initially anticipated.

The electric car company will remain public, a move that Tesla’s Board of Directors agrees on.

Porsche Appoints a New VP of Marketing for the United States
Company Press Release

The company announced that it has appointed Pedro Mota who will be heading Marketing for Porsche Cars North America which is headquartered in Atlanta.

Mota previously served as the President of the Americas for Rolls-Royce Motors Cars. He was responsible for sales initiatives and critical product launches for Rolls-Royce’s U.S., Canadian and Latin American markets.

He starts his new position on October 1st.

Uber Looks to Focus on Bikes
Financial Times
Lime Press Release

BBC reports that the on-demand company looks to focus its efforts on its electric bike and scooter business.

In an interview with the Financial Times, Uber CEO Dara Khosrowshahi forecasts that Uber users will likely make shorter trips in the future.

In July, the company invested in and partnered with fast-growing mobility startup, Lime, to allow Uber users to access its bikes and scooters through its app.