Tesla chief Elon Musk faces ban from running a public firm in SEC fraud charges September 27, 2018 Tesla chief Elon Musk faces being barred from running a public company after the US Securities and Exchange Commission (SEC) filed legal action, accusing him of alleged securities fraud over his public statements about taking the firm private. Tesla shares dropped more than 13 per cent in after-hours trade as news of the suit broke, [...]
Ignore self-help books about working a four-hour week, embrace the corporate lifestyle September 26, 2018 There's so much literature available on the market about how to find happiness in running (or working for) startups and small companies that you’d think the only way to be happy with your job is to start your own venture. Books like the cult hit “The 4-Hour Work Week” by Tim Ferris aim to persuade [...]
Japanese tycoon Yusaku Maezawa to become Space X’s first private passenger in trip to the moon September 18, 2018 A Japanese billionaire and online fashion tycoon is set to become the first private passenger to fly around the moon after revealing he will join Elon Musk’s SpaceX mission into orbit. Yusaku Maezawa, who owns fashion retailer Zozo, is expected to lift off on the Big Falcon Rocket (BFR) in 2023 after being unveiled as [...]
Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors September 17, 2018 Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors. Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon. Read more: [...]
Elon Musk’s Space X signs up first private moon flight passenger September 14, 2018 Space X has announced that it has signed up the first private passenger to fly around the moon on its new Big Falcon Rocket launch system. Elon Musk's company said it was a crucial step towards a future of everyday space travel. Read more: 'It's legal, right?' Elon Musk smokes weed on podcast The rocket [...]
Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
Tesla shares fall after the company lowers its delivery guidance August 5, 2015 Tesla shares fell four per cent in after hours trading after the company put the breaks on 2015 deliveries. The figures Tesla reported a second quarter earning per share loss of $0.48 on $1.2bn (£0.77bn) in adjusted revenue, 40 per cent up from a year ago. This was, however, better than the expected $0.59 loss [...]
Elon Musk’s SpaceX can now launch military and spy satellites for the US May 27, 2015 Private company SpaceX has received certified approval from the US to send military and spy satellites into space. The decision comes after two years of reviews by the US Air Force, and founder Elon Musk described it as an “important step” in bringing competition to National Security Space launch. “We thank the Air Force [...]
Tesla beats expectations as Elon Musk reveals 38,000 pre-orders for Powerwall home battery May 6, 2015 The figures Tesla increased production and sales of its electric cars in the first three months of 2015 as Elon Musk's company reported first-quarter earnings expectations that beat analysts' expectations. First quarter losses narrowed to $45m, or 36 cents per share, compared to a $50m loss in the same period last year and above analysts' [...]
Elon Musk was on the verge of selling Tesla to Google for $11bn and even “shook” on a deal with Larry Page April 20, 2015 The millionaire magnate behind the world's best-known electric carmaker was on the verge of selling his company to Google as it failed to turn a profit. Elon Musk's Tesla was about to fall into bankruptcy and the founder had begun negotiating with Google on a deal for the firm, according to a new book on [...]