Space X unmanned capsule splashes down after space centre mission March 8, 2019 An unmanned capsule from Elon Musk’s Space X has splashed down successfully in the Atlantic Ocean after a short-term stay on the International Space Station. The landing marks the end of the first orbital test mission as NASA looks to resume human space travel from US soil this year. Read more: Space X Dragon capsule successfully [...]
Space X Dragon capsule successfully docks with International Space Station March 3, 2019 A capsule launched by Elon Musk’s Space X successfully docked with the International Space Station (ISS) today as part of its demonstration mission. The Dragon vehicle made the attachment autonomously having launched on Saturday from Kennedy Space Center in Florida. The 4.9 metre tall capsule contained a dummy called Ripley and 90kg of supplies. It [...]
Space X launches unmanned crew capsule to International Space Station in step forward for sending humans into orbit March 2, 2019 Elon Musk’s Space X on Saturday took a giant leap forward in its quest to resume human space flight from US soil, launching a rocket with an unmanned crew capsule towards the International Space Station. Space X’s 4.9 metre tall Crew Dragon capsule, on a Falcon 9 rocket, lifted off from the Kennedy Space Center [...]
Tesla shares drop as Elon Musk outlines plan to close stores and move sales online in bid to cut car prices March 1, 2019 Tesla is set to close most of its physical locations as it shifts worldwide sales online, it said today, sending shares down almost eight per cent to 295p. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The stores will not close immediately but are expected to “wind down” over the [...]
Regulator asks court to hold Elon Musk in contempt as another Tesla tweet lands him in hot water February 26, 2019 The Securities and Exchange Commission (SEC) has asked a judge to hold Tesla billionaire Elon Musk in contempt over a fresh tweet the regulator believes could have misled investors. Musk told his followers on 19 February that “Tesla made 0 cars in 2011, but will make around 500k in 2019”. Read more: Elon Musk denies [...]
Elon Musk denies claims Tesla is getting involved in bitcoin February 21, 2019 Elon Musk has said Tesla has no plans to get involved with bitcoin at the moment, believing that the cryptocurrency is not an efficient use of the company’s resources. The Tesla chief executive praised cryptocurrency as a potential replacement for paper money in an interview on FYI, a podcast by ARK Investment published today. “Crypto is [...]
Tesla to buy battery firm Maxwell Technologies for $218m February 4, 2019 Electric vehicle manufacturer Tesla has agreed to buy energy storage firm Maxwell Technologies for $218m, as part of an all-stock deal to help Tesla build better batteries. Maxwell has developed tech that can help increase the driving range of electric cars while reducing the battery cost. Existing customers of the firm include General Motors and [...]
Elon Musk test fires new Space X Raptor rocket engine for Starship space craft February 4, 2019 Eccentric tech billionaire Elon Musk’s space exploration company Space X has test fired the Raptor engine for its Starship space craft. Musk tweeted videos of the tests today from Space X’s Texas base. Read more: Elon Musk wants you to work 100 hours a week First firing of Starship Raptor flight engine! So proud of [...]
Is Tesla still a growth company? January 31, 2019 | City Talk An OK quarter from Tesla, certainly some of the worst immediate fears have not materialised, but the outlook is a little dubious. Back to back quarterly profits – the first time ever and only the fourth positive quarter since listing in 2010 – will get headlines but one must fear that CEO Elon Musk is [...]
Tesla tops revenue forecasts but profits take a hit January 30, 2019 Electric vehicle manufacturer Tesla has posted a smaller profit tonight than in its previous quarter, as fresh legislation and ramped up production costs took a bite out of its success. The firm made a net profit of $139.5m (£106.4m) in the three months ending 31 December, compared with a $311.5m profit in the previous quarter when it still [...]