Entrepreneurship

Tesla announces second factory outside the US

Volkswagen CEO Herbert Diess praised Elon Musk for showing that electric cars are capable of competing with vehicles powered by fossil fuels. Volkswagen has announced plans to invest €30 billion (US$33 billion) to electrify its entire product lineup over the next four years.

The staggering values of the top 10 unicorns

By city, Beijing is the world’s unicorn capital with 82, ahead of San Francisco with 55. Shanghai is third most popular city for unicorn businesses, New York fourth and Hangzhou, China, fifth.

Jeff Bezos and Jack Dorsey’s unique meetings style

Bezos said the thinking behind the silent memo was that “executives will bluff their way through the meeting as if they’ve read the memo because we’re busy and so you’ve got to actually carve out the time for the memo to get read.”

The women who made themselves billionaires

Four women billionaires made The Forbes 400 for the first time, including two who now rank among the nation’s two richest: MacKenzie Bezos, who debuts at No. 15, after her divorce from Amazon founder Jeff Bezos, and Julia Koch, the widow of industrialist David Koch and the list’s richest newcomer worth US$41 billion.