Elon Musk

NTSB to release report on Texas Tesla crash within a month

Posted in REVIEWS on April 29, 2021
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The U.S. National Transportation Safety Board (NTSB) is working to publish as soon as possible a preliminary report on a recent Tesla vehicle crash in Texas in which local police said no one was in the driver's seat, a senior official told Reuters, acknowledging public confusion over the fatal accident. "A preliminary report typically comes out in a month, but we are working hard to get it out as soon as possible because we recognize Read More »

Tesla earnings qualify Elon Musk for an $11 billion payout

Posted in REVIEWS on April 26, 2021

Tesla's quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion. The electric car maker beat Wall Street's expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales. It reported quarterly revenue of $10.39 billion and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.84 billion, surpassing milestones that trigger the vesting of the fifth and sixth Read More »

Tesla's Elon Musk offers $100 million prize in quest for carbon capture

Posted in REVIEWS on April 22, 2021
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Billionaire entrepreneur Elon Musk on Thursday offered inventors $100 million in prize money to develop ways to fight global warming by removing carbon dioxide from the atmosphere or ocean. "Right now we've only got one planet," said Musk, CEO of electric carmaker Tesla Inc. "Even a 0.1% chance of disaster — why run that risk? That's crazy!" In January, Musk announced his intention to offer $100 million in prizes, and he set out the contest Read More »

Tesla crash scrutiny may be a sign that autonomy regulation is coming

Posted in REVIEWS on April 19, 2021
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DETROIT — The fiery crash of a Tesla near Houston with no one behind the wheel is drawing scrutiny from two federal agencies that could bring new regulation of electronic systems that take on some driving tasks. The National Highway Traffic Safety Administration and the National Transportation Safety board said Monday they would send teams to investigate the Saturday night crash on a residential road that killed two men in a Tesla Model S. Local Read More »

SpaceX wins $2.9 billion NASA contract for moon lander, with 2024 goal

Posted in REVIEWS on April 16, 2021
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SpaceX's lunar lander design, left, alongside those of Dynetics and Blue Origin.  WASHINGTON — NASA said on Friday it has awarded billionaire entrepreneur Elon Musk's private space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, picking it over Jeff Bezos' Blue Origin and defense contractor Dynetics Inc. The bid by Tesla chief Musk beat one from Amazon.com founder Bezos, who had partnered with Read More »

Elon Musk's SpaceX raises $1.16 billion in equity financing

Posted in REVIEWS on April 14, 2021
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Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. The filing comes after SpaceX, whose investors include Alphabet Inc and Fidelity Investments, in February disclosed that it raised about $850 million, which had reportedly lifted its valuation to about $74 billion. The private space company had raised $1.9 billion in August in its largest single Read More »

SpaceX Starship prototype explodes on final descent

Posted in REVIEWS on March 30, 2021
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SpaceX conducted yet another high-altitude test flight of its Starship prototype spacecraft on Tuesday, the fourth of these so far. Like all the flight testing and construction of Starship prototypes, this one took off from SpaceX's Boca Chica, Texas, development facility – a location recently renamed 'Starbase' by SpaceX CEO Elon Musk. Unfortunately, things didn't go great for SpaceX — the SN11 prototype was lost during final descent. Reports from the scene suggest a large Read More »

Elon Musk tweet violated federal labor law, NLRB orders it deleted

Posted in REVIEWS on March 26, 2021
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DETROIT — Tesla CEO Elon Musk has tweeted his way into trouble with another federal agency, this time the National Labor Relations Board. The board on Thursday found that a May 20, 2018, Musk tweet unlawfully threatened employees with loss of stock options if they chose to be represented by the United Auto Workers union. Board members ordered Tesla to make Musk delete the tweet and stop threatening employees with loss of benefits for supporting Read More »