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Keyword: musk

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  • Tesla Is Destroying the Competition, and It Means Massive Stock Gains

    10/24/2018 2:32:38 PM PDT · by Moonman62 · 69 replies
    Stamford Advocate ^ | 10/24/18 | Andrew Osterland
    Elon Musk is grinning ear to ear today. Tesla shares jumped nearly 12.72 percent as a former short-seller of the stock cried uncle and admitted that Tesla was "destroying the competition." The stock registered the biggest gain by far on the Entrepreneur Index™. After a volatile day, the index closed down 0.26 percent. Citron Research, party to a securities class action lawsuit against Tesla over Mr. Musk's tweets earlier this year about going private, published a note this morning saying that Tesla's Model three was causing "a legitimate disruption of the auto industry." Tesla announced yesterday that it would report...
  • Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations

    10/24/2018 1:48:04 PM PDT · by Moonman62 · 21 replies
    CNBC ^ | 10/24/18 | Dawn Kopecki
    Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and said it was speeding up its Model 3 production in China. Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv: Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share Revenue: $6.82 billion vs. an expected $6.33 billion The company earned an adjusted $516 million during the quarter, which was an otherwise a tumultuous one for the...
  • Elon Musk’s SEC twitter taunts may backfire

    10/06/2018 8:23:34 AM PDT · by jazusamo · 35 replies
    Fox Business ^ | October 6, 2018 | Lydia Moynihan
    The settlement between Tesla and the U.S. Securities and Exchange Commission stipulates that CEO Elon Musk will no longer have free reign to tweet. Yet on Friday, Musk fired off another damn-the-consequences tweet, calling the SEC the “shortseller enrichment committee.” Whoops! We couldn't access this Tweet. What gives? Even though Musk’s Twitter post appears to violate the spirit of the recent settlement, the SEC is largely powerless to stop Musk’s tirades until the settlement is approved by Federal Judge Alison Nathan of the Southern District of New York, which could take several weeks. She has asked Tesla and the SEC...
  • Elon Musk Is Squeezing Russia Out of Launchers Market, Space Chief Says

    10/02/2018 7:33:45 AM PDT · by CondoleezzaProtege · 14 replies
    Moscow Times ^ | Oct 2, 2018 | Reuters
    The head of Russia’s space agency has accused tech billionaire Elon Musk of trying to squeeze Moscow out of the carrier rockets market by lowballing prices for commercial space flights. SpaceX has upended the space industry with its relatively low-cost Falcon 9 rockets. The company has completed more than 50 successful Falcon launches and snagged billions of dollars' worth of contracts, including deals with NASA and the U.S. Department of Defense. Dmitry Rogozin, the head of Russia’s Roscosmos Federal Space Agency, told state-run television on Monday that Musk sells launches from $40 million to $60 million “to squeeze Russia out...
  • SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla

    09/27/2018 2:57:51 PM PDT · by rb22982 · 52 replies
    wsj ^ | 09/27/2018 | Dave Michaels
    Regulators accuse him of misleading shareholders when he said he had funding for a corporate buyout Securities regulators on Thursday sued Elon Musk for fraud and sought to remove him from Tesla Inc., TSLA -0.67% raising doubts about the future of an electric-car maker synonymous with the audacious entrepreneur. The SEC’s lawsuit—sparked by Mr. Musk’s August comments that he had lined up funding for a corporate buyout—seeks civil penalties against Mr. Musk and asks a court to bar him from being the officer or director of a public company. [Emphasis mine] “These misleading statements, none of which were pre-cleared or...
  • JUST IN: Elon Musk, Tesla charged with fraud by SEC - CNBC

    09/27/2018 1:31:37 PM PDT · by Revel · 91 replies
    Breaking911 ^ | 09/27/18
    JUST IN: Elon Musk, Tesla charged with fraud by SEC - CNBC This was also mentioned on the hearing live feed by Golden State Times.
  • Former GM Exec Bob Lutz: Tesla Is ‘Headed for the Graveyard’

    09/19/2018 1:30:16 PM PDT · by Hojczyk · 94 replies
    Breitbart ^ | September 19,2018 | Lucas Nolan
    Former General Motors Vice Chairman Bob Lutz discussed Elon Musk’s Tesla in a recent interview stating that the company is “headed for the graveyard.” In a recent interview with CNBC the former Vice Chairman of General Motors, Bob Lutz, does not have high hopes for the future of Elon Musk’s electric-car manufacturer Tesla. According to Lutz, Tesla is “headed for the graveyard,” given the recent announcement that both the company and Musk are being investigated by the DOJ and the SEC. “They will never make money on the Model 3 because the cost is way too high,” Lutz said during...
  • Caver sues Elon Musk for defamation

    09/17/2018 4:27:52 PM PDT · by PAR35 · 24 replies
    CNN ^ | September 17, 2018 | Danielle Wiener-Bronner
    Vernon Unsworth, the caver accused by Elon Musk of being a pedophile, filed a defamation lawsuit against the Tesla CEO on Monday.
  • Tesla shares crash after Elon Musk smokes joint on live web show

    09/07/2018 2:01:45 PM PDT · by 2ndDivisionVet · 21 replies
    The Manchester Guardian ^ | September 7, 2018 | Rupert Neate and Julia Carrie Wong in San Francisco
    Musk calls the Guardian the world’s ‘most insufferable newspaper’, as two senior executives quit Tesla as market value falls 6% Tesla shares crashed 6% on Friday as two of its senior executives quit, just hours after the electric carmaker’s chief executive Elon Musk sparked concern by smoking marijuana on a live web show. The company’s head of accounting, Dave Morton, and head of human resources, Gaby Toledano, said they were leaving the company, which has been placed at the centre of a string of controversies by its maverick CEO. Morton, who joined the company just one month ago, said he...
  • SpaceX Dragon Successfully Returns to Earth From the ISS

    08/25/2018 10:57:52 PM PDT · by Rabin · 30 replies
    “If one can figure out how to effectively reuse rockets just like airplanes, the cost of access to space will be reduced by as much as a factor of a hundred. A fully reusable vehicle has never been done before. That really is the fundamental breakthrough needed to revolutionize access to space.” --Elon Musk
  • 2018 Tesla Model 3 Performance: Here's What We Thought

    08/11/2018 7:57:16 AM PDT · by Moonman62 · 61 replies
    Jalopnik ^ | 8/3/18 | Kristen Lee, Patrick George, Ryan Felton, and Michael Ballaban
    For me, the Model 3 Performance is the most impressive Tesla I’ve driven to date, and easily the most fun. It benefits from having a super short nose up front, which makes it easy to just point and shoot wherever you want it to go. The Model 3 Performance handles like a legit sports car, and that’s not a descriptor I toss around lightly, especially for a sedan. The night after the drive, and even now, I found myself still thinking about what it was like to be behind the wheel. I get to drive a lot of fun cars...
  • Tesla shareholders who sell if Musk takes company private will be big losers for one reason: A.I.

    08/10/2018 11:43:51 AM PDT · by Moonman62 · 43 replies
    CNBC ^ | 08/10/18 | Keith Wright
    Tesla is the only company truly advancing AI in its vehicles. Musk made the decision to invest in real-world data analytics early. This leap in technological advancement has left competitors like Alphabet's Waymo, Uber, BMW and GM scrambling in vein to keep pace, and there is a long lineup of companies wanting to partner, including Toyota and Mercedes-Benz. Tesla's early investment and resulting tech have put the company firmly ahead of the pack. To understand how Tesla is unique with AI, you need to understand that Tesla has been collecting billions of miles worth of real-world driving data since 2012,...
  • A Tesla Short Seller Gets Q2 Results...

    08/03/2018 8:04:09 AM PDT · by Moonman62 · 154 replies
    YouTube ^ | 8/2/18 | Michael March
    YouTube Downfall Hitler Parody
  • Tesla shares surge as upbeat Musk sees profitable second half

    08/01/2018 7:38:06 PM PDT · by Moonman62 · 124 replies
    CNBC ^ | 08/01/18 | Robert Ferris
    With a pledge of future profitability and an apology for past bad manners, Tesla CEO Elon Musk was upbeat in his conversation with analysts during a second-quarter conference call Wednesday. Tesla shares soared as much as 11 percent in after-hours trading. The stock has been under pressure for some time as investors have worried about the cash the company was burning and whether it would be able to sustain its profitability. The electric car maker's second-quarter loss was wider than analysts expected, but the company backed its prior forecast that calls for profitable third and fourth quarters. "From an operating...
  • British caver in Thai rescue considers legal action after Elon Musk calls him a ‘pedo’

    07/16/2018 11:06:56 AM PDT · by SeekAndFind · 55 replies
    A British caver who helped rescue 12 boys from a Thailand cave said on Monday he may take legal action against Tesla CEO Elon Musk after the entrepreneur called him a “pedo” on Twitter. Musk has come under fire for launching the extraordinary attack on Vernon Unsworth without providing any justification or explanation, after the cave expert slammed his offer of a miniature submarine to extract the footballers from the Tham Luang cave as a “PR stunt”. The boys and their football coach were rescued from the cave complex by an international team and after a week of intense drama....
  • Elon Musk Calls Diver in Thai Soccer Team Rescue a Pedophile

    07/15/2018 11:44:15 AM PDT · by NohSpinZone · 102 replies
    Fortune ^ | 7/15/18 | By David Morris
    Tesla CEO Elon Musk on Twitter this morning accused British diver Vern Unsworth of being a pedophile, after Unsworth criticized Musk’s proposal to use a small submarine to rescue a trapped soccer team in Thailand. Unsworth was instrumental in the rescue of the boy’s soccer team, but lambasted Musk’s submarine plan in an interview published by CNN Friday. Among other comments, Unsworth said the submarine “wouldn’t have made the first 50 meters into the cave” and was “just a PR stunt.” Musk, responding to further criticism from professor and New York Times columnist Zeynep Tufekci, wrote this morning that he...
  • Liberal Meltdown: Furious Libs Outraged After Elon Musk Revealed As One Of Top Republican PAC Donors

    07/14/2018 9:59:26 PM PDT · by dynachrome · 52 replies
    Twitter ^ | 7-14-18 | Elon Musk probublica zerohedge
    SA11AI IND Griffin, Kenneth C. Ill. May 25 $38,900.00 Citadel, LLC # SA11AI IND Musk, Elon Calif. June 5 $33,900.00 SpaceX # SA11AI IND Bass, Edward Tex. June 26 $33,500.00 Kelly Hart & Hallman
  • Elon Musk Announces China Tesla Plant After Paying Lip Service to Trump’s Trade Campaign

    07/11/2018 8:34:37 AM PDT · by servo1969 · 39 replies
    Breitbart ^ | 7-11-2018 | Joshua Caplan
    Tesla announced Tuesday the embattled electric car company plans to build a factory in Shanghai, dramatically increasing its notoriously constrained production capacity. CEO Elon Musk said the plant, whose plans have reportedly been in the works for a year, would eventually have an annual production capacity of 500,000 cars, adding that he hoped it would be “completed very soon.” A joint announcement released by Shanghai’s government said a preliminary agreement had been signed to build the plant in the commercial hub’s Lingang district.“Shanghai will be the location for the first Gigafactory outside the United States,” said Musk. “It will be...
  • Elon Musk queries expertise of Thai cave rescue officials

    07/10/2018 7:23:15 PM PDT · by Rebelbase · 125 replies
    The Guardian ^ | 7/10/18 | Kevin Rawlinson
    Entrepreneur turns on mission leader who rejected his offer of a submarine Elon Musk has questioned the expertise of Thai rescue officials who turned down his offer of a submarine, despite their having organised the successful rescue of all 12 boys and their football coach from a flooded cave. The entrepreneur had offered his help and posted footage of tests being carried out on the apparatus he proposed in recent days. But while Narongsak Osatanakorn, the head of the joint command centre co-ordinating the operation, acknowledged Musk’s offer he said that the mini submarine would not have been practical for...
  • Here's The Wild Email Exchange Between Tesla's Alleged 'Saboteur' And Elon Musk

    06/21/2018 1:40:32 PM PDT · by DUMBGRUNT · 13 replies
    Jalopnik ^ | 21 June 2018 | Ryan Felton
    In the lawsuit filed in federal court, Tesla accused former Gigafactory employee Tripp of unlawfully hacking into the company’s “confidential and trade secret information” and transferring “that information to third parties.” Is Tesla Trying To Make An Example Of Tripp? How Tesla Found Out Not exactly a point to the alleged sabotage itself, but a question I’ve been wondering is how Tesla found out. The automaker hasn’t responded to questions about what tipped them off to Tripp, but a story from Business Insider earlier this month offers a possible hint: We sent Tesla an identification number for one of the...