Kelly Gilblom
@KellyGilblom
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Global business editor for Bloomberg News @business - Opinions are all mine.
Atlanta
Joined January 2010
Elon Musk runs six companies at once, which means he relies on a lot of other people to do things when he's not around. Who are these people? How do they fit into the Elon Universe? We present: Elon's Orbit https://t.co/z4hwo2rYtb
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Do we need MORE electric scooters and e-Bikes in cities? Lime is planning to add 30,000 net-new bikes across North America, Europe and Australia. CEO Wayne Ting is on @technology today. Context:
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#SCOOP đ¨on @UAW talks w/@DavidWelch47
@KeithNaughton The UAW sees a 30% pay raise (including COLA) as a magic number that could win ratification and give it a credible sales pitch to organize other non-union plants, like $TSLA #UAWStrike $GM $F $STLA https://t.co/EXuW9oILOj
bloomberg.com
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#FOIAFriday SCOOP: US Fish & Wildlife Service turned over more than 1K pages of emails, pics & other docs abt the aftermath of the SpaceX rocket that exploded shortly after takeoff in April. Incredible look behind the scenes @danahull @lorengrush & me 1/ https://t.co/GDLeL8k6T5
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NEW from @danahull @lorengrush @JasonLeopold @KellyGilblom: SpaceX blast left officials in disbelief over environmental damage https://t.co/y9PeYreKta
bloomberg.com
Fish and Wildlife Service biologists expressed frustrations in emails obtained by Bloomberg.
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NEW: Tesla engineers admit in newly revealed depositions that the company did nothing to address Autopilot's inability to recognize crossing traffic following Joshua Brown's death in 2016 w/ @MalathiNayak
https://t.co/5ECBWfqn3F
bloomberg.com
Tesla Inc. failed to fix limitations in its Autopilot system following a gruesome Florida crash that killed a driver in 2016, company engineers said in a familyâs lawsuit over a very similar 2019...
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"A $10 million donation from the Musk Foundation to UT Austin in 2021 went to support a new Population Wellbeing Initiative" https://t.co/lyxhnzAwLh Scoop from the dream team of @sooo__phie, @danahull, @GrahamStarr
bloomberg.com
A $10 million donation from the Musk Foundation to UT Austin in 2021 went to support a new Population Wellbeing Initiative, according to interviews and public documents.
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Exclusive: Tesla is seeking nearly $100 million in funding from the bipartisan infrastructure bill to build an EV big rig charging corridor that stretches from the Texas/Mexico border to Northern California w/ @danahull: https://t.co/tiHNkykI5d
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Happy #Barbie Day. If you haven't read it, here's our inside look on why this wild movie -- on track for possibly the biggest box-office opening this year -- got made. https://t.co/0Sgva83EWE
bloomberg.com
In her 64 years, the doll has been both an icon and an embarrassment. With Greta Gerwigâs new film, the company is trying to prove that Barbie isnât hopelessly out of date.
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A Tesla investor rode a 14,800% gain thanks to a pitch from a 27-year-old analyst https://t.co/l1qyHG3M0Q From the amazing @danahull
bloomberg.com
Owuraka Koney speaks about Jennison's early bet on the Musk-led EV maker.
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âWe put the doll in the box, but she comes to life when she gets in the hands of a kid.â Mattel designers tell @emilychangtv how Barbie's many faces and hairstyles come to be. Stream The Circuit Thursdays on Bloomberg Originals at 8pm ET & BTV at 10pm ET https://t.co/iyOfDtIRZq
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And another benefit: It might help Hollywood rethink its aversion to making tentpole films for women. An analysis from @ShawnRobbinsWho revealed only about 6% (!!) of all movies with a $100m budget have *ever* been directly targeted at, or reliant upon, women.
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But hey, #Barbie looks like it will be huge. That sure helps. Mattel even allowed its own errors to become part of the story.
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There was no deal struck, and at least one (Apollo) was dubious about what the strategy would return, we reported. Analysts so far think Barbie sales this year are actually going to be flat, even with the movie bump.
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Itâs a business model that already exists (which Mattel acknowledges, giving particular credit to Disney) but exceedingly hard to pull off. At one point last year, private equity firms actually came to Mattel and talked about buying the whole company.
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The New Yorkerâs @alexbarasch did a great story about what that means for Mattel movies, and our piece looked at how this extends to other areas: TV shows, theme parks, licensed products, video games, digital content, etc. A #Barbie movie? Itâs just the beginning.
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Thatâs helped sales â and Mattel â but to significantly grow as a company itâll have to do more. Enter: the IP-Mattel-Cinematic-Universe strategy, and thinking of its customers as not mere toy consumers, but as fans.
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Mattel made a lot of mistakes managing that over the years, particularly between 2000 and 2015, and eventually found itself in a full-blown crisis. Barbie got made over in 2016, to become more inclusive (a story broken by THE Mattel/Barbie expert @edockterman ).
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@tgbuckley One thing that struck me was that keeping Barbie up with the times is hard. In the 1950s, despite her Aryan-sex-doll appearance (yes, we printed that in Businessweek), she was progressive. She had careers real women wanted but couldnât have, making her aspirational to girls.
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