Elon Musk

Drivers for Elon Musk's Loop get a script about their 'great leader'

Posted in REVIEWS on July 29, 2021
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Drivers for Elon Musk's underground Loop system in Las Vegas have been instructed to bypass passengers' questions about how long they have been driving for the company, declare ignorance about crashes, and shut down conversations about Musk himself. Using public records laws, TechCrunch obtained documents that detail daily operations at the Loop, which opened in June to transport attendees around the Las Vegas Convention Center (LVCC) using modified Tesla vehicles. Among the documents is a Read More »

Tesla reaches milestone with first $1 billion quarterly profit

Posted in REVIEWS on July 26, 2021
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SAN RAMON, Calif. — Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems. Tesla now has cemented its position as the Read More »

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Posted in REVIEWS on July 21, 2021
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Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday. Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading. Musk's comments at the B Word conference come after Tesla said in May it Read More »

Elon Musk clashes again with lawyer, calls SolarCity deal 'a no-brainer'

Posted in REVIEWS on July 13, 2021
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WILMINGTON, Del. — Testifying for a second day, CEO Elon Musk pushed back again Tuesday against a lawsuit that blames him for engineering Tesla’s 2016 acquisition of a financially precarious company called SolarCity that was marred by conflicts of interest and never generated the profits Musk insisted it would. And for a second day, a pugnacious Musk sparred with Randall Baron, the plaintiffs’ attorney who has been grilling him about his role in orchestrating the Read More »

Elon Musk testifies in SolarCity suit, calls lawyer a 'bad human being'

Posted in REVIEWS on July 13, 2021
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Tesla CEO Elon Musk leaves court in Wilmington, Del., after taking the stand to defend Tesla Inc's 2016 deal for SolarCity. (Reuters) WILMINGTON, Del. — Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he’d promised. And to the Read More »

Hybrid and Electric Luxury Car Sales Are On the Rise

Posted in LUXURY CARS on July 13, 2021
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Bentley Flying Spur Hybrid; Credit: Bentley 2020 was an unprecedented year for many industries and the automotive industry, in particular, saw a 20% drop year-on-year but registration for electric and hybrid vehicles grew more than 137% as compared to 2019. In the realm of luxury cars, there is a trend that buyers are switching to hybrid or electric cars (EVs). For example, in the first quarter of 2021, Porsche’s fully electric Taycan outperformed the Boxter, Read More »

Musk trial asks the $2 billion question: Who controls Tesla?

Posted in REVIEWS on July 9, 2021
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Does Elon Musk control Tesla or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege that Musk used his control of Tesla to force the company in 2016 to rescue SolarCity, saving the solar panel maker — and Musk's investment in the company — from bankruptcy. The union pension funds and asset managers leading the case want Musk to repay to Tesla Read More »

SEC letters say Tesla failed to oversee Musk's tweets as ordered

Posted in REVIEWS on June 2, 2021

A U.S. securities watchdog told Tesla last year that Chief Executive Officer Elon Musk's use of Twitter had twice violated a settlement requiring his tweets to be preapproved by company lawyers, the Wall Street Journal reported on Monday. The U.S. Securities and Exchange Commission had ordered the electric car maker to vet any material public communications Musk made regarding Tesla, following Musk's August 2018 tweet that he had "funding secured" to possibly take Tesla private Read More »

UFC fighter gets Tesla after calling out CEO Musk

Posted in REVIEWS on May 20, 2021

Beneil Dariush waited six months for Tesla to deliver a car he had ordered and decided to speed up the process by calling out the company's CEO Elon Musk immediately after his UFC 262 lightweight bout with Tony Ferguson last weekend. "Elon, where's my wife's car, bro?" Dariush said in his post-fight interview on Saturday. "I've been waiting six months. I'm having a baby, I need a good car, I've got to protect my daughter. Read More »

Burry of 'Big Short' fame reveals large bearish bet against Tesla

Posted in REVIEWS on May 18, 2021
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BERKELEY, Calif. — The family office run by "Big Short" investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc. Scion Asset Management said in a regulatory filing on Monday that it had put options on 800,100 shares in Tesla as of the end of the first quarter. Based on Tesla's closing price of $667.93 at the end of the first quarter the value of that many shares would be about Read More »

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