(Oil & Gas 360) – “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald). That ability appears to be paying off these days for Elon Musk, who, according to Forbes Magazine, is the world’s richest person at nearly a quarter
From Bloomberg Tesla Inc.’s share price was already nowhere near the necessary level to help convert its $920 million in bonds to stock. Elon Musk’s contentious tweets killed any last-minute hopes that a miracle rally was near. His electric-car company is on the hook to settle the March 1 convertible bond maturity in cash, the largest debt payment to date
From The Wall Street Journal The Securities and Exchange Commission asked a federal judge on Monday to hold Tesla Inc. Chief Executive Elon Musk in contempt of court over tweets he made last week discussing the auto maker’s 2019 projected production volumes. In a court filing, the SEC said Mr. Musk violated a condition of his settlement with the regulator last year,
From Reuters SAN FRANCISCO/BOSTON (Reuters) – Elon Musk replied with a Tweet saying: “This is incorrect” after the Financial Times reported that outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc chairman. News Corp Deputy Chief Operating Officer James Murdoch attends the Allen & Co Media Conference in Sun Valley,
From Bloomberg Elon Musk has six days to make good on his pledge that Tesla Inc. will be pumping out 5,000 Model 3 sedans a week by the end of the month. If he succeeds, it may be thanks to the curious structure outside the company’s factory. It’s a tent the size of two football fields that Musk calls “pretty
No manufacturer ever wants to experience production problems, especially a high-profile disruptor like Tesla Inc. (ticker: TSLA). Nonetheless, Tesla reported that it delivered 1,550 Model 3s in Q4 2017. In the last seven working days of Q4, Tesla cranked out 793 Model 3s and the company expects to reach a production rate of 5,000 per week by the end of
Tesla says pulling an 80,000 pound load, its tractor/trailer will do 0-to-60 in 20 seconds, climb 5% grades at 65 mph; first trucks targeting availability in 2019 Tesla has posted the price point for its coming semi-truck at $150,000 for the 300-mile-range base model, $180,000 for the 500-mile-range model, and $200,000 for the “Founder’s Series.” The world of Elon Musk
Luxury electric car maker goes to the trough for another billion dollars, sells 5% of company to Chinese Internet giant “We are planning to produce 500,000 total vehicles in 2018, which is approximately double our prior growth plan” Shares of Tesla Inc. (ticker: TSLA) pierced the $300 threshold in morning trading today, trading midday at about $303. Tesla’s perceived value
“My desk is at the end of the production line.” As CEOs go, there is not much about Elon Musk that is orthodox. Example: Tesla Motors’ (ticker: TSLA) Q1 conference call took place this week. Musk held the Tesla call at 5:30 p.m. Eastern time, bucking a generally adopted morning conference call tradition embraced by a majority of public companies.
Renewable Energy vs. Fossil Fuels: Sprint or Cross Country? Last week Tesla Motors’ (ticker: TSLA) innovation-infused CEO Elon Musk unveiled the latest offering from the all-electric auto maker: a new home battery. This battery is an enlarged version of the battery used in Tesla electric cars and would be placed in homes to store electrical energy. The benefit of this
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