Now calling itself an “energy innovation company,” Tesla Motors (TSLA) introduced Tesla Energy, a “suite of batteries for homes, businesses and utilities,” with partners such as Amazon.com (AMZN) and Target (TGT). “Our goal here is to fundamentally change the way the world uses energy at an extreme scale — we’re talking terawatt scale here,” CEO Elon Musk told press in a Q&A session ahead of the reveal event in the Los Angeles area. Tesla
Blue Origin, the commercial space company created by Amazon.com (AMZN) founder Jeff Bezos, took to the skies with the first launch of its new space vehicle. The launch occurred Wednesday from a test flight center in west Texas, reaching a speed of Mach 3 and a planned sub-orbital altitude of 307,000 feet, or 58 miles. The unmanned capsule parachuted safely to Earth. “Today we flew the first developmental test flight of our New Shepard space
Citing robust growth in its online retail business, JPMorgan initiated coverage on JD.com (JD) with an overweight rating and price target of 42, as the stock hit a new high. JPMorgan analyst Alex Yao in the report Monday said JD is the largest online direct retailer in China, in terms of transaction value. JD.com operates an Amazon.com (AMZN)-like online direct sales business and is a rival to Alibaba Group (BABA), China’s largest e-commerce