Elon Musk used Monty Python to test the sound in Tesla’s Model 3 December 14, 2018 Tesla billionaire Elon Musk has said he stopped meetings to watch clips from British favourite Monty Python, in order to explain how he wanted the sound to work in the Model 3. During the second half of 2017 as Tesla worked at full capacity to ramp up production of the Model 3 sedan, Wired first [...]
Musk to retire chairman role at Tesla in three years after interview backlash December 12, 2018 Tesla billionaire Elon Musk has said he intends to retire the role of chairman at the electric car manufacturer in three years time, having only stepped down from the role several weeks earlier. Tweeting in the aftermath of his conversation with CBS' 60 Minutes, Musk said: "Chairman is an honorific, not executive role, which means [...]
Musk says employees should work 80 to 100 hours a week if they want to ‘change the world’ November 27, 2018 Entrepreneur and Tesla billionaire Elon Musk has said people need to work around 80 hours a week, up to above 100 hours at peak times, if they want to succeed in business. Responding to the news that Tesla is one of Silicon Valley's most in-demand employers, Musk invited his Twitter followers to join one of his [...]
Tesla hires new chair as Elon Musk steps down as part of SEC deal November 8, 2018 Tesla has appointed Robyn Denholm, finance chief and head of strategy at Australian telecoms firm Telstra and existing Tesla board member, as its new chair after Elon Musk was forced to step down as part of a settlement deal with the US securities watchdog. Denholm will leave her role at Telstra in six months time, to sit at the [...]
Tesla short-seller David Einhorn warns Elon Musk’s last quarter was its peak November 6, 2018 One of Tesla's most outspoken short-sellers David Einhorn has said its most recent third quarter was "as good as it gets", spurning theories that the electric carmaker had reached a turning point. Einhorn, whose hedge fund Greenlight Capital has consistently shorted Tesla's shares, said in an earnings call this afternoon that Tesla had "exhausted" most of the [...]
Tesla shares rise after short-seller reverses opinion to predict long-term success October 23, 2018 Tesla's share price rose almost seven per cent this afternoon, after a long-term critic of the electric vehicle manufacturer reversed its short position on the firm. Citron Research changed its tune on Tesla from "short" to "long", writing in a research note that its Model 3 sedan is "a proven hit, and many of the [...]
Stocking up: Elon Musk to buy $20m in Tesla shares as manufacturing boss resigns October 17, 2018 Tesla chief executive Elon Musk will buy $20m (£15.2m) of Tesla stock in the next open trading session, a filing revealed today, after a judge approved the firm's settlement deal with the US securities watchdog. The filing said the share purchase will be "separate and apart from the settlement", which saw both Tesla and Elon Musk be fined [...]
Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]
Musk denies rumours of James Murdoch as lead candidate for Tesla chairman October 11, 2018 Tesla billionaire Elon Musk has denied reports that 21st Century Fox chief and Tesla board member James Murdoch is the lead candidate to replace him as chairman of the electric carmaker. In response to a report by the Financial Times late last night that Murdoch was the favourite to take the top spot, Musk tweeted at [...]
Tesla shares fall after Musk trolls US securities watchdog October 5, 2018 Tesla billionaire Elon Musk appeared to mock the US Securities and Exchange Commission (SEC) on Twitter late last night, less than four hours after a federal judge demanded an explanation of the settlement deal reached between the two sides. "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," wrote Musk, who has frequently [...]