WASHINGTON, D.C. — Tesla Motors (TSLA) sees lithium ion battery prices falling in line with the way solar panels costs have dropped, with the upcoming Model 3 car likely being the biggest beneficiary. Tesla co-founder and Chief Technology Officer JB Straubel said Monday that battery prices today are “where solar was five to seven years ago.” “Solar is an interesting example of how fast prices can fall,” he said at the Energy Information
Amazon (AMZN) got a price target increase Monday, and an analyst expects the Amazon Web Services cloud computing business to continue to grow and improve its profit margins. “We estimate Amazon Web Services can generate over $15 billion in revenue by 2018 and expand operating margin to around 22% by then,” Canaccord Genuity analyst Michael Graham said Monday in a research report. “Further, we estimate that if Amazon Web Services traded at a
Netflix (NFLX) stock fell Monday on news that China Internet giant Alibaba Holdings (BABA) will launch its own online video streaming service in China in August. “Our mission, the mission of all of Alibaba, is to redefine home entertainment,” Alibaba’s head of digital entertainment, Patrick Liu, told reporters in Shanghai, according to a Reuters report on Sunday. “Our goal is to become like HBO in the United States, to become like Netflix in the