Tesla shares fall in pre-market trading as Elon Musk’s firm suffers huge quarterly drop in car deliveries April 4, 2019 Tesla’s share price looks set for a significant fall when the Nasdaq opens this afternoon, after the electric car giant told investors its car deliveries have suffered a record quarterly drop. Shares declined almost eight per cent in pre-market trading to $269.77 from yesterday’s close of $291.81 after the overnight update. Read more: Elon Musk [...]
Sheryl Crow asked Twitter for help fixing her Tesla – Elon Musk replied April 4, 2019 When Sheryl Crow turned to Twitter to solve a problem with her Tesla, she got an answer straight from the top as Elon Musk took a moment to help her out. The billionaire-turned-troubleshooter weighed in after the US singer took to Twitter to complain of a problem that had crippled her high-performance electric car. Read [...]
There’s a human cost to fetishising entrepreneurs like Elizabeth Holmes March 28, 2019 According to the documentary director Alex Gibney, the success of Elizabeth Holmes can be put down to Silicon Valley’s “fetishisation of the entrepreneur”. Holmes’ story is depicted in his latest film, The Inventor: Out for Blood in Silicon Valley, released last week. But her story has caught the imagination of just about everyone who has [...]
Elon Musk uses Twitter wisely, new Tesla chair says March 27, 2019 The new chair of Tesla said that its chief executive Elon Musk uses Twitter “wisely”, in an interview today. “Twitter is part of everyday business for many executives today,” Robyn Denholm told Bloomberg, “From my perspective, he uses it wisely.” Musk faced heat from the US Securities and Exchange Commission (SEC) after tweeting in August [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Tesla launches new Model Y to enter SUV market March 15, 2019 Tesla has officially launched its second mass-market car, the Model Y. The electric vehicle was unveiled in Los Angeles on Thursday with the company announcing that the first release will be a long-range version at a price of $47,000 (£35,489). It will be able to travel up to 300 miles before it needs recharging, whereas [...]
‘Serious First Amendment issues’: Tesla CEO Elon Musk’s lawyers slam SEC’s latest attack on tweets March 12, 2019 Lawyers for Elon Musk say that the US financial regulator's claims that the Tesla chief executive violated a previous settlement by posting a tweet has serious implications for First Amendment issues. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The Securities and Exchange Commission (SEC) had asked a New York [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Futuristic entrepreneurs are helping us reach for the stars March 11, 2019 Houston, there is no problem. America is back in the space race. “We’re really at the forefront,” says US President Trump. “Nobody is doing what we’re doing.” He’s right. But in a break with tradition, the US is now leaning on its entrepreneurs, rather than the Federal Reserve, to fund its interplanetary aspirations. The latest [...]
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 [...]