Read your favourite magazine subscription on the Exact Editions Reader 3.17 out of 5. In 2020, Tesla delivered fewer than 500,000 cars, but it added almost $750bn to its market value. When he tweeted in September 2018 that he had “funding secured” to take the company private at $420 a share (“420” is popular slang for smoking cannabis in the US), Musk was sued by the Securities and Exchange Commission and Tesla was fined $20m. The New Statesman. British Comedy Sitcoms The New Statesman . Shiller also compares the spread of ideas about stock prices to the infection rate of a disease, and concludes that “the likelihood of any event affecting market prices is enhanced if there is a good, vivid, tellable story about the event”. All of Will Dunn's work for Stuff: gadget reviews, tech news, analysis, opinion and features. Get the New Statesman\'s Morning Call email. This article appears in the 15 January 2021 issue of the New Statesman, American civil war . Elon Musk became the world’s richest man on 7 January, when a further increase in Tesla’s galloping stock price increased his net worth to $195bn (£141bn). 1 Articles by this author. SpaceX owner and Tesla CEO Elon Musk at the Axel Springer Award in 2020. Did the late Robert Fisk make things up? By Will Dunn newstatesman.com — One way or another, Facebook’s money – all $789bn of it – comes from the idea that, by collecting information about all the things to which people pay attention, the social network can prove that advertising works. The world’s richest man has never had it so good, Why deep-sea mining is risky for everyone, › The future of work – modern, diverse, and fit for all. In both cases, Musk made tens of millions of dollars, not from profits but from owning stock. Will Dunn is business editor of the New Statesman. Read more. Why Trump isn't a fascist . He was bullied at school so viciously that, aged 12, he spent two weeks in hospital recovering from injuries that his father said left him barely recognisable. The New Statesman is the leading progressive political and cultural magazine in the United Kingdom. Is this Messianic confidence real, or part of a strategy to profit from attention cascades? Will Dunn was born on May 26, 1996 in Hampshire, England as William Miles Dunn. This article appears in the 15 January 2021 issue of the New Statesman, American civil war. Most Popular. The selling of cars is almost incidental to Tesla: Musk’s aim for the company is to bring about a global transition to clean energy. Will Dunn is business editor of the New Statesman. Dunn’s account conveys a clarion call, but also assures humanity that it is possible to reverse this way of cultivating plants that sustain us. Read preview. New Statesman has appointed Will Dunn as managing editor. Nuclear fusion could offer the world clean and effectively limitless power. In May this year, he wiped 10 per cent off the value of the company – an estimated $14bn – by tweeting: “Tesla stock price too high IMO [in my opinion]”. As the respected computer scientist Michael Wooldridge explains, AI is the story of an effort to impose the order of mathematics on to the messiness of the real world. Chaired by New Statesman’s Managing Editor, Will Dunn, the conversation started off by looking at the current threat landscape within the industry and examining the weak points that continue to make financial institutions vulnerable. Alan Rusbridger’s Diary: Robert Fisk, my struggles to sleep and what matters most about journalism. New Statesman retweeted. Frederic Pierucci. Will Dunn is the former editor of Stuff magazine. The New Statesman’s hyperlocal Covid-19 tracker. Ben Mezrich. Atlanta Hawks guard Kris Dunn will rest his right ankle for two weeks after having arthroscopic surgery to remove loose cartilage. Rants & opinions. Magazine article New Statesman (1996) The New Industry of Building Stars . The business model that underpins most of the internet favours a more polarising candidate. ET tip-off. Born in Pretoria, South Africa, in 1971, Musk has said of his childhood that he was “raised by books”, among them the sci-fi novels of Isaac Asimov. In his previous role, Will launched and edited New Statesman’s regular Spotlight supplement, which won BSME Launch of the Year in 2017. The New Statesman is a British political and cultural magazine published in London. General Motors sold 2.5 million vehicles in 2020 and has more than $200bn in assets, but its market capitalisation is a small fraction of Tesla’s, at $62bn. It's a gruelling and almost certainly futile contest to see who can pay the most attention to their screen. Is it all his fault? Will Dunn. Score pending. But it certainly makes Tesla look cheaper, especially to new investors who might only recently have heard about the opportunity to make money from it. At its current price-to-earnings ratio it would take Tesla almost 1,600 years to make as much money as the stock market has invested in it. Why are so many people investing so much money in Tesla? Working from a shed at the end of his garden, one man fought an epic battle against an industry of tax avoidance that cost the country billions. Founded as a weekly review of politics and literature on 12 [...] Read full article: About the New Statesman...→ #J M Keynes This website uses cookies to help us give you the best experience when you visit our website. British Comedy Saturday Night Live Sitcoms Spitting Image The New Statesman … The Atlanta Hawks (4-4) pay a visit to the Charlotte Hornets (4-5) at Spectrum Center Saturday for a 7 p.m. Such antics would be unthinkable of most CEOs, but they have made Musk the hero of the “investor bros” who spent 2020 watching their Tesla investments balloon. Article excerpt. Read preview. Philip Green: the emperor runs out of clothes. Will Dunn meets a new breed of British businesses trying to crack energy's hardest problem . Tesla’s five-for-one stock split in August is a sign that it has an appetite for more investors. To a sceptic with a copy of Irrational Exuberance, such narratives – ordinary people becoming millionaires by believing in a man who wants to save humanity from itself – are exactly the kind of “vivid, tellable” stories that create what Shiller calls a “naturally occurring Ponzi process” – a feedback loop whereby the stock keeps rising as more and more people join and spread the word to others who will pump it still further. By Will Dunn. Why left-wing ideas may thrive during Joe Biden’s presidency, Why we have a moral duty to acknowledge strangers. Delicious. 26 May, 1996)12 is a former English child actor who portrayed James Sirius Potter in Harry Potter and the Deathly Hallows: Part 2.3 A newcomer to the film industry, this is Will's first professional role. The New Statesman has dropped network advertising and revealed that its total number of subscribers is above 30,000 for the first time in 40 years. It could take Tesla almost 1,600 years to make as much money as the stock market has invested in it, yet frenzied investors continue to gamble on Elon Musk. And with the Joe Biden administration committed to vast investment in renewable energy and a market yet to conquer, there is reason for optimism. He is known for his work on Harry Potter and the Deathly Hallows: Part 2 (2011), Sea of Solitude (2019) and Battlefield V (2018). Is Tesla a car company, or a casino? This is a decrease from last week when the state was at 2,952. He gave up his place on the gadget throne to interview politicians for the New Statesman. Some have put this down to the lack of sports to gamble on, but the disease itself may also be fuelling speculation. My look at how market exuberance made Elon Musk the richest person in the world: New Statesman Musk told an interviewer in 2017 that short sellers were “jerks who want us to die”. Delicious. These “contracts for difference” are effectively bets against company, because they pay out when the company’s value falls. Why does that sound familiar? 7 reviews. Why the New Statesman chose to remove network advertising By Will Dunn newstatesman.com — The New Statesman has removed all network advertising from its website as it embraces a new business model and a rapid growth in digital readership. ... Will Dunn 2 02.12.2020. 16h. I'm delighted to launch with a range of top exclusives for the New Statesman.” The new section is edited by the publication's business editor, Will Dunn, who won the Launch of the Year award from the British Society of Magazine Editors for the New Statesman’s policy supplement, Spotlight. Dunn also gave an update on the numbers. The Books in the Media Newsletter. Independent Commentator, Best-selling Author, and Chair of the Financial Services Club It could take Tesla almost 1,600 years to make as much money as the stock market has invested in it, yet frenzied investors continue to gamble on Elon Musk. Like Donald Trump, Musk uses Twitter in a way that almost no one else would dare to copy, with similarly dramatic results. He’s not the only person who finds this odd. The company stated that the split was aimed “to make stock ownership more accessible”, but the apps used by amateur investors already offer fractional trading (Robinhood will sell a millionth of a share). May 23, 2020 May 23, 2020 Simon Dunn This aired on the BBC, and was excellent. By continuing to use this website, you consent to our use of these cookies. By Dunn, Will. The most valuable car company in the world makes less than 1 per cent of its vehicles. The mogul’s retail empire has crumbled. Many who ploughed their savings in early have become “Teslanaires”. Then again, Musk is gambling alongside his investors, having sold, he claims, almost all of his possessions to commit to the company. 2 0 0 02.12.2020 She said the rolling seven-day average of new cases is now 2,575. Dunn was the longest serving Republican in the House and helped steer Lee’s controversial school voucher plan through the legislature. Subscribe For more great writing from our award-winning journalists subscribe for just £1 per month! Podcast. There is no company and no CEO in the market with a story as vivid or tellable as that of Elon Musk. Scottish independence poll tracker: will Scotland vote to leave the UK? New research into network science suggests that with sufficient data, it may be possible to predict which politicians… 0 Shares Big Data , Enterprise Tech , Feature - 22nd July 2016 Percent positivity also decreased to 26% from 32.7%. A department spokeswoman said his annual salary is $98,000. Video. Scottish independence poll tracker: will Scotland vote to leave the UK? Will Dunn New Statesman. Our DNA bears the scars of an arms race that humanity has been fighting for millions of years. Will Dunn is business editor of the New Statesman. In a piece on the now-streamlined New Statesman website, managing editor Will Dunn wrote that “the advertising model that currently supports the attention economy incentivises a certain kind of high-volume publishing, designed to bring in as many clicks as possible. New Statesman A-Z of 2020. Bitcoin Billionaires. An unequivocal message of support for Beijing has let the world know where the bank’s priorities lie. Where pages become pixels. The pandemic is one factor; during lockdown, millions of people switched to betting on stocks, using trading apps such as Robinhood. Will Dunn 2 reviews New Statesman (2) Latest Reviews. Magazine article New Statesman (1996) The Art of Offence: The New York Times Cartoon Ban . By Dunn, Will. The Road to Conscious Machines is an accessible and highly readable history of artificial intelligence, Philip Green: the emperor runs out of clothes, The attention economy is still working for Trump, The record shop, the taxman and the missing billions, Why the New Statesman chose to remove network advertising, Finger on the App: the dystopian competition that sums up everything that’s wrong with the internet, HSBC is banking on its customers’ apathy towards Hong Kong, Why ancient pandemics may hold the key to our future survival, The world's richest man has never had it so good. Why stickers on fruit should be banned. I never got a chance to see the live stage show, which. Will Dunn @willydunn. Does Rupert Murdoch tell his editors what to write? Article excerpt. Why we have a moral duty to acknowledge strangers, Why left-wing ideas may thrive during Joe Biden’s presidency, How WeWork foresaw the end of the conventional office, How Covid-19 exposed the UK's digital skills crisis, The US has been quietly preparing for a huge expansion in wind power. In the 1990s he built two digital businesses, Zip2 and X.com (which would become Paypal) and sold them. By Dunn, Will. Will Dunn; Jun 17; Advertisement. He can be found tweeting @willydunn . [see also: Why deep-sea mining is risky for everyone]. His aim for SpaceX is that it will allow the human race to survive the next extinction event by spreading to other planets. What is certain is that Elon Musk is a more interesting person to occupy capitalism’s top spot than Jeff Bezos, and that the people investing in him are doing so for a better reason: not merely for returns, but out of a sense that the sci-fi future they were once promised could happen yet. Will Dunn | London, England, United Kingdom | Business Editor at New Statesman | 38 connections | View Will's homepage, profile, activity, articles Jeremiah Williams had 12 points for Temple (2-3, 1-3 American Athletic Conference). Damian Dunn had a career-high 20 points as Temple got past Central Florida 62-55 on Thursday. On 4 August, 2,750 tonnes of ammonium nitrate exploded in Beirut’s port, destroying swathes of Lebanon’s capital and killing more than 200 people. In his book Irrational Exuberance (2000), the economist and Nobel laureate Robert Shiller examines the role of “attention cascades” in driving market volatility and points to research that suggests large moves in prices are more likely to happen in times of national crisis. A B’Stard Of An Interview. Follow @willydunn. Will is the editor of New Statesman's regular policy supplement Spotlight. By “us”, he meant all of us: the human race. No one will know until it has happened. Tesla could remain a stampeding bull, or it could be the company that exemplifies the madness before the crash. The people Musk hates, the bullies who can still hurt the world’s richest man, are short sellers. By continuing to use this website, you consent to our use of these cookies. A is for Ammonium nitrate. It could take Tesla almost 1,600 years to make as much money as the stock market has invested in it, yet frenzied investors continue to gamble on Elon Musk. Dunn, who has not played this season, will be … Will Dunn, Actor: Harry Potter and the Deathly Hallows: Part 2. [see also: The world’s richest man has never had it so good]. Engagement and community are the priorities of our publication and our business. Founded as a weekly review of politics and literature on 12 April 1913, it was connected then with Sidney and Beatrice Webb and other leading members of the socialist Fabian Society, such as George Bernard Shaw, who was a founding director.. Today, the magazine is a print-digital hybrid. This website uses cookies to help us give you the best experience when you visit our website. 1 review. About the New Statesman. “How strange,” he tweeted. Rather than buying stock as an investment in itself, short sellers pay for a contract to sell stock at an agreed price at a later date and, if the stock is worth less at that point, pocket the difference. Musk’s is the most ambitious sales pitch any CEO has ever made. The coronavirus pandemic has added tens of billions to the finances of Amazon founder and CEO Jeff Bezos, the wealthiest person in modern history. He left for Canada aged 17 and moved to the US three years later to study physics and economics. Sign up to get the best reviewed books of the week delivered every Monday morning - Will Dunn (New Statesman): How America built the best pandemic response system in history – and threw it away Read preview. The American Trap. William Miles Dunn (b. 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