Tesla boss Elon Musk defends move to dodge analyst’s questions after brusque responses further share price falls May 4, 2018 Tesla boss Elon Musk has defended his decision to dodge questions posed to him by analysts after revealing a record $710m (£523m) loss, after his firm’s share price appeared to suffer as a result. More than $3.4bn was wiped off the value of the Californian car company after it posted results showing it had burned [...]
Testy Tesla boss Elon Musk sees $2bn wiped from car maker’s market capitalisation May 3, 2018 Tesla boss Elon Musk has paid a steep price for rebuking analysts asking about the company’s profit potential during a conference call – $2bn (£1.47bn) to be exact. The electric car manufacturer yesterday announced its first quarter result, which showed the company had posted its largest ever quarterly loss. To achieve profitability, Tesla will have [...]
Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
SpaceX has launched a rocket carrying a planet-hunting NASA telescope into space April 19, 2018 A NASA satellite has just catapulted into space with the help of Elon Musk’s SpaceX on the first-of-its-kind mission to discover planets beyond our solar system. NASA’s Tess [transiting exoplanet survey satellite] took off on Wednesday evening in Florida with the help of SpaceX Falcon 9 rocket. The satellite is on a mission to find [...]
Elon Musk shares how to improve productivity with Tesla employees telling them to walk out of meetings April 19, 2018 Tesla boss Elon Musk has told employees to walk out of meetings and end calls as soon as possible in an effort to boost productivity. In an email to employees at the electric car firm, Musk has sought to boost production of the highly-awaited Model 3 sedan, with goals to lift output in the coming [...]
Elon Musk’s Tesla has temporarily stopped Model 3 production as it aims to tackle bottlenecks April 17, 2018 Elon Musk’s Tesla has pressed the pause button on its Model 3 assembly line for a brief period. The firm said the planned stoppages are used to “improve automation and systematically address bottlenecks in order to increase production rates”. Tesla is under pressure to meet targets amid what Musk has dubbed “production hell”. The car [...]
SpaceX’s value on course to rocket to $24bn as fundraising targets $500m | City A.M. April 12, 2018 Elon Musk’s SpaceX is plotting a new round of funding which could see its value skyrocket to almost $24bn (£16.9bn). The company hopes to raise $507m in a move that would make it the third highest-valued private company in the US. Filings obtained by private analytics firm Lagniappe Labs showed that the company had authorised [...]
Should Mark Zuckerberg step down? April 4, 2018 THE CEO HAS changed. That’s no longer a secret. For the first time in history, chief executives and business leaders are virtually expected to be in the public eye, communicating with the customer and offering opinions on social and political issues. This can have commercial benefits. People buy from other people: therefore if organisations leverage [...]
Canadian start-up looking to raise £35m for project to rival Elon Musk’s Hyperloop April 4, 2018 A Canadian startup has entered the futuristic transportation race by issuing a call to arms to raise $50m (£35m) to develop its own hyperloop technology. Bloomberg reported that TransPod is looking to raise funds to develop its own Hyperloop, a project first proposed by Elon Musk’s Tesla and SpaceX. Hyperloop envisages passengers propelled in pods [...]
Mark Zuckerberg hits back at Tim Cook after Apple CEO criticises Facebook’s data collection April 2, 2018 Facebook boss Mark Zuckerberg has pushed back against Apple CEO Tim Cook’s latest criticism of the social media giant, calling the critique “extremely glib and not aligned with the truth”. The comments come after Cook called out the Facebook’s business model as a scheme to monetise users. Zuckerberg made the comments in an interview with [...]