We’re going fast…somewhere. This week was full of people and corporations making market-moving decisions. Not all seemed wise. Elon Musk did a 2.5-hour live interview, got peer pressured into smoking a blunt, and maybe didn’t inhale. Mercedes has a fully electric SUV coming out, and Chevy is prepping the country’s serious haulers for the intro […]
Over the last five days, Tesla shareholders watched the value of their stock decline by roughly 16 percent and saw nearly $8 billion in value erased, as the company’s celebrity chief executive, Elon Musk, had what amounts to a very public breakdown. Some Tesla board members are reportedly concerned about Elon Musk's workload and his […]
After a string of executive departures over the past several months that continued Friday with the resignations of two people in high-profile positions, CEO Elon Musk announced a series of promotions and job updates in an email sent to employees. To be clear, these are not new hires and some of these promotions were already […]
Here's the Mercedes-Benz electric SUV at last.Image: SOREN ANDERSSON/AFP/Getty Images Following years of rumors that Mercedes-Benz might unleash an electric model into a high-end market that has so far been dominated by Tesla, the German auto maker finally showed a major card in its hand on Tuesday when it unveiled its plans for a zero-emission […]
Two weeks after Hurricane Maria, Donald Trump flew to Puerto Rico, toured a relatively affluent neighborhood there, and expressed his relief that the storm had not been “a real catastrophe” like Hurricane Katrina. He jokingly chided Puerto Ricans for throwing the federal budget a “little out of whack.” In reality, Maria caused the largest blackout […]
Lawsuits say funding secured tweet broke securities laws and aimed to punish short-sellers Tesla and Elon Musk were sued twice on Friday by investors who say they fraudulently engineered a scheme to squeeze short-sellers, including through Musks proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors […]
At first blush, Elon Musk and the Kingdom of Saudi Arabia may appear to be strange bedfellows. The latter is a country that owes its massive wealth to Big Oil, and the former is a Silicon Valley entrepreneur determined to “accelerate the transition to sustainable energy” with electric cars and solar panels. But, according to […]
Martha Notaras Tech giants may be tempted to use their troves of data to compete with insurers directly. They also have access to data that insurers can only dream of having: global geospatial imagery of homes, infrastructure and buildings; location, browsing and advertising data; even real-world behavioral data from smartphones and IoT devices. Combining all […]
Image: caviar Remember the company that created the iPhone 6S with Putin’s head encrusted in gold? Well, they’re back with a raaaaather different homage—this time, to Elon Musk. Russian phone accessory maker Caviar—renowned for its ultra-expensive and over-the-top iPhone cases—has created something called the iPhone X Tesla, which it claims “is able to charge from […]
Ahead of Tesla’s annual shareholder meeting in June, stockholder Jing Zhao has submitted a proposal to replace the board’s chairman, Elon Musk, with an independent director. Musk, the chief executive officer at Tesla, has been chairman of the board since 2004. “Although the current leadership structure, in which the positions of Chairman and CEO are […]