Some serious cost cutting appears to be underway at Tesla. Days after the company’s CEO Elon Musk confirmed that the customer referral program was ending, he announced that the company is firing 7 percent of its entire workforce. Musk announced in a company-wide email that seven percent of Tesla’s full-time […]
Read MoreTo say that Tesla has been unprofitable for the majority of its existence may be truthful, but it isn’t exactly fair. As a relatively new automotive upstart, Tesla for quite some time wasn’t so much focused on profits as it was with spending boatloads of cash on growth, investing in itself, and boosting production. Wall […]
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There will be no Ace of Base prizes for the Tesla Model X or Model S in 2019. Just days after promising to cut prices of all its cars by $2,000 in response to the company blowing through its federal tax credits faster than a record producer with a bag […]
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If you’re looking to buy a new Model S or Model X from Tesla, your cost just went up. CEO Elon Musk has confirmed that the company is ditching the 75kWh battery pack for both vehicles. This means that the base price for the cars has just gone up significantly. […]
Read MoreIn Illinois today, a law firm announced they are filing a lawsuit against Tesla to hold the electric car maker accountable for a teen who died in an accident involving a car they say had a defective battery pack. The lawsuit filed by Chicago firm Corboy & Demetrio claims Tesla’s 2014 Model S sedan had […]
Read MoreSpaceX and Boeing are both behind schedule in their independent efforts to create crewed launch systems that will allow NASA to send astronauts to space from U.S. soil. All eyes will be on both companies in 2019 as they inch their way towards their goals, and SpaceX just teased that they’re almost ready to hit […]
Read MoreI regret to inform you that Tesla and SpaceX founder Elon Musk is back on his inappropriate for a CEO tweets again. The two weird tweets were sandwiched between two other seemingly normal tweets about favorable coverage of Tesla, the electric car maker under earnings scrutiny in the new year. Why. Why, Elon. Here’s what […]
Read MoreEverybody knows Twitter is basically the Wild West of the Internet and not a place where the things people say should be taken seriously. That’s basically how Elon Musk’s attorneys are defending his controversial tweets aimed at a British rescue diver — the one Tesla’s chief executive described as a “pedo guy” after the diver questioned […]
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The Supercharger network is key to enabling Tesla owners to take substantial road trips with their electric cars. That’s what enables owners to drive from coast to coast in the United States. The company is working to further expand the network’s coverage in Europe. Tesla CEO Elon Musk has said […]
Read MoreIt was just last month that Elon Musk took to Twitter to unceremoniously announce that he was changing the name of the crew module and rocket booster of SpaceX’s BFR rocket program to “Starship” and “Super Heavy,” respectively. Now, in another spontaneous update from Musk via Twitter, we’re getting our first good look at the […]
Read MoreWith the $7,500 federal tax credit for new Tesla purchases set to expire at the end of the month, the electric automaker is pulling out all the stops in order to boost sales and enable prospective buyers to enjoy the full credit. Earlier this month, Tesla CEO Elon Musk took to Twitter and said that […]
Read MoreIn addition to Tesla and SpaceX, Elon Musk founded The Boring Company, which is looking into ways to make public transportation faster than it currently is. Just recently, The Boring Company finished its 1.14-mile test tunnel in Hawthorne, so Musk invited folks from the media to test out the tunnel in a Tesla Model X. […]
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Berlin-based Christoph Sollich is known as “The Pitch Doctor” for his work helping entrepreneurs tell their company’s story. But part of his method involves delivering his own pitches that satirize the format of the startup pitch. I got a chance to see him this year at the Bits & Pretzels Conference […]
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Tesla hasn’t made any concrete announcements related to an all-electric pickup truck but CEO Elon Musk has talked about making one for the longest time. He’s generating hype for a Tesla pickup truck yet again and has even hinted that the company could have a prototype to unveil in 2019. […]
Read MoreEarlier this year, explains a voiceover narrating a 60 Minutes interview with Tesla’s brilliant-yet-erratic CEO that aired on Sunday, Elon Musk “began acting … well, weird.” It was a reference to the billionaire entrepreneur’s rocky 2018, which has included tons of self-inflicted wounds, like his questionable tweets, his spats with regulators, and even an apparent […]
Read MoreTesla CEO Elon Musk sat down with Leslie Stahl for CBS’s “60 Minutes” in an interview that aired Sunday in which the two discussed his feelings toward the U.S. Securities and Exchange Commission (SEC) after he was charged with securities fraud over something he posted on Twitter. Musk had to resign as Tesla chairman in September under […]
Read MoreIt was revealed last week that NASA will be conducting an investigation into the company culture of SpaceX after concerns over Elon Musk’s behavior began to grow within NASA’s upper management. NASA has remained relatively silent as far as public statements against Musk’s stunts are concerned but that appears to be changing ever so slightly. […]
Read MoreElon Musk wants humans to make it to Mars. With his company SpaceX at his back, he’s pushed forward with some incredibly bold claims about what is possible for mankind on the Red Planet. He’s shown off concepts for Mars settlements and even called out scientists who say climate engineering on the planet is impossible. […]
Read MoreAfter burning through an ungodly amount of cash in recent years, Tesla during the September quarter of 2018 finally managed to turn a profit. The figure itself wasn’t staggering — just about $312 million in net income when the dust settled — but the fact that Tesla proved it could actually generate a profit was […]
Read MoreWhen Elon Musk appeared on Joe Rogan’s podcast and had a taste of the host’s joint, it was totally on-brand for the risk-taking CEO. Musk is a brilliant guy, but he also likes to push the envelope in ways that tend to worry those he does business with. He’s already gotten in hot water over […]
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A tweet from Tesla CEO Elon Musk suggests that the company might be interested in working with Daimler’s Mercedes-Benz on an electric van. Tesla itself doesn’t make vans, not yet anyway, while the Sprinter from Mercedes is known to be a veritable workhorse. It launched the latest generation of the […]
Read MoreIn a recent article, Bloomberg questions whether Tesla CEO Elon Musk has forgotten about the company’s “Gigafactory 2” based in Buffalo, New York. After describing the factory — built with $750 million of taxpayer funds — as looking like an “empty Walmart Supercenter,” the report reveals that Tesla walled off areas of the plant to […]
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