Weekly Highlights: Tesla's $5 Billion Gigafactory, Ford's Tech Plans And More
The year's coldest month came to an end with rumors, minor revelations and one massive announcement.
Hands down, the biggest news came when Tesla (NASDAQ: TSLA) finally revealed additional details about its mysterious Gigafactory.
Meanwhile, Honda (NYSE: HMC) is rumored to discontinue its hybrid sedan.
Samsung (OTC: SSNLF) introduced the latest Galaxy S smartphone.
Apple (NASDAQ: AAPL) patched its Mac operating system but made no major announcements.
And Albert Fried's Rich Tullo warned investors about the problems that Netflix (NASDAQ: NFLX) could have in holding onto its original content.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tesla's $5 Billion Gigafactory
It sounds like the name of a Transformer, but Tesla's Gigafactory is far from a fictional character.
In fact, it is a real-life initiative that could help the electric carmaker release a mainstream automobile.
The company's one-of-a-kind factory is estimate to cost $5 billion to build, but the rewards could be enormous.
Tesla's goal is to produce more lithium ion batteries in 2020 than were produced worldwide at all companies in 2013.Image Source: Wikimedia Commons
Apple Surfed Up A New Patch For Mavericks
OS X Mavericks proved to be a little frustrating for users when they learned that there was a hole within its security.
Never fear, Mavericks users -- Apple has released a patch to fix the issue.
At the same time, Apple also added new features to Mavericks, including audio for the FaceTime and Messages app.Image Source: Wikimedia Commons
Galaxy S5 Reveal Gets Mixed Results
Samsung's latest smartphone may be a great device, but it is far from a game changer.
Commonly referred to as a device that plays it safe with few gimmicks and minimal upgrades, the Galaxy S5 looks like a slightly bigger and slightly more polished version of the Galaxy S4.
In Benzinga's critical roundup of the device, analysts and tech reporters seem to agree on one thing: the Galaxy S5 will sell a ton of units.
Time magazine even expects the device to outsell the iPhone. That would be an impressive feat considering that Apple's smartphone sales are segmented to a handful of units, while Samsung's are spread across a wide portfolio of devices.Image Source: Wikimedia Commons
Ford And BlackBerry: A Match Made In Fiction Land?
Investors got excited when rumors claimed that Ford would drop Microsoft for BlackBerry.
Tigress Financial Partners analyst Ivan Feinseth did not believe the hype.Image Source: Wikimedia Commons
Honda Loses Sight Of A Hybrid Car
Honda's Insight is on its last legs…er…set of wheels.
By the time investors read this, Honda may have already stopped producing new Insight sedans.Image Source: Wikimedia Commons
Unusual App Conviction Overturned
GPS apps and devices are legal, but that didn't stop a California Highway Patrol Officer from giving a man in a ticket in 2012.
It does not appear that the man was using Apple's own mapping app, which might have given him a great excuse to avoid the ticket.
Nonetheless, a ticket was issued. The man fought it and will now be able to recoup his $165 fine.Image Source: Wikimedia Commons
Netflix's Prized Shows May Not Be Theirs To Keep
If you enjoy House of Cards or Orange is the New Black, listen up.
Netflix does not actually own these shows; they purchase them from various production studios.
Consequently, Albert Fried analyst Rich Tullo has warned investors that another entity (such as HBO) could offer to buy these shows.
This would inevitably result in a bidding war between Netflix and the new suitor.
"If HBO came in looking at House of Cards for $100 million, Netflix would have to pay [that much or more] to keep the show," Tullo told Benzinga.Image Source: Wikimedia Commons
Apple Enters Another Legal Battle In China
Apple might be able to sue Samsung without worry, but can it do the same to a Chinese company and a Chinese government agency?
Long story short, Apple has filed a lawsuit against the Intellectual Property Office (the agency that protects patent rights in China) and Zhizhen Network Technology, a company that developed software that is very similar to Siri.
This lawsuit might sound like a good idea, but Benzinga readers are well aware of how the previous Chinese lawsuits turned out.Image Source: Wikimedia Commons
More Stories You Can't Miss
The preceding slideshow was just the beginning. Check out these other hot stories right here on Benzinga.
- Amazon's Dirty Little secret
- Apple's $1 Billion Patent Fight Takes Samsung Back To Court
- Mergers And Acquisitions In 2014 (Thus Far)
- iPhone China Mobile Sales Predictions, Facebook Saves a Life & Other First Week of January Highlights