June 25, 2015
The MIT Technology Review just released this year’s list of the 50 Smartest Companies, a ranking of what the publication considers companies offering some of the most innovative technologies and business models. Somewhat unsurprisingly, Elon Musk’s Tesla Motors comes in at the top spot, followed by China’s smartphone manufacturer, Xiaomi, and the San Diego, CA-based DNA-sequencing company, Illumina.
MIT Tech Review applauds Tesla Motors for its many tech innovations, most notably on its most recent reveal of its upcoming new line of batteries. Earlier in May, the company announced its Tesla Energy suite of batteries aimed at removing consumer dependence on power grids and increasing our use of solar energy. Its position as the number 1 smartest company probably would not have happened had it made its launch into this new space. At the beginning of the year, Tesla Motors’s stock plummeted nearly 7 percent after CEO Elon Musk disclosed that the electric car manufacturer would not turn a profit for another five years.
Xiaomi (which is currently valued at $45 billion) is praised by the publication for its rapidly growing line of affordable Android smartphones and tablets, as well as for its ecommerce business. Uber, which has had its ups and downs this year, comes in at at the last spot on the list.
Did you like this article?
Get more delivered to your inbox just like it!