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    With the Twitter turmoil hanging a dark cloud of Elon Musk, shareholders worry the CEO could step down from his role at Tesla if forced to purchase the platform, but Musk ensured them his talented team could continue the work even if he 'was kidnapped by aliens' or returned to his home planet. The humorous remarks were made during Tesla's 2022 Annual Meeting of Stockholders held Thursday at the company's new headquarters in Austin, Texas, and were given during the Q&A portion of the presentation. The question came from Tesla bull and managing partner of The Future Fund, Gary Black, who asked: 'So how does the board think about your succession and especially when you a judge who's going to decide in a couple months whether or not you have to take over Twitter. How would you split your time?' After ensuring the crowd Tesla would live on, Musk then said 'I am not leaving to be clear.' Scroll down for videos  Elon Musk is not worried about the fate of Tesla, even if he has to stepped down from...
    Tesla CEO Elon Musk has requested records from Twitter advisers Goldman Sachs and JPMorgan Chase about how the banks advised the social media platform on the $44 billion deal. Musk wants the banks to surrender information on Twitter's financial analysis and performance, along with discussions with the social media platform's higher-ups, according to the Financial Times. The move by Musk is the latest in the legal battle between the Tesla CEO and Twitter, as the company attempts to force him into cashing out on the deal. Twitter sued Musk in July after he dropped the billion-dollar deal, claiming the social media company failed to report the number of fake accounts on its platform. Musk's request comes a day after Twitter issued a legal request seeking information about various Silicon Valley investors in Elon Musk's inner circle. Twitter has also requested information from Musk's adviser, Morgan Stanley. More subpoenas for the companies Tesla and SpaceX have also been requested to turn over information about the deal, along with conversational exchanges with their boss, according to Bloomberg.  The platform's lawsuit heads to...
    TESLA has issued a warning alert to its Texas drivers asking them not to charge their vehicles during peak energy usage times. The Austin-based electric car manufacturer released its warning as a heatwave has placed excess pressure on Texas’ power grid. 2Row of public Tesla chargersCredit: Alamy Tesla’s warning reads: “A heat wave is expected to impact the grid in Texas over the next few days. “The grid operator recommends to avoid charging during peak hours from 3pm to 8pm, if possible, to help statewide efforts to manage demand,” Electrek reports. Texas’ power grid is approaching emergency conditions and will continue to falter if drivers charge their car during the 3pm to 8pm peak energy usage time frame. Off-peak energy hours occur from 11pm to 7am when most people are sleeping. READ MORE ON TESLAWHY THE E-LON FACE? Elon Musk grimaces & looks disheveled after being sued by TwitterBUTTING HEADS Elon Musk hits back at Twitter claim that his POOP emoji 'disparaged company' Utility companies often charge customers a discounted rate for their energy use during off-peak hours. Particular EV (electric...
    In this article .FKRX300Hyundai Ioniq 6HyundaiThe newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an "electrified streamliner," a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer. It's a major shift in styling from the well-received Ioniq 5 EV, which went on sale earlier this year. Hyundai is currently selling the second-most EVs in the U.S. behind Tesla. "Each Ioniq vehicle will have different design character ... we all want our designers to always connect with customers on the emotional level," said SangYup Lee, executive vice president and head of Hyundai design, during a virtual media event.Hyundai Ioniq 6HyundaiHyundai is expected to begin production of the car at a factory in South Korea during the third quarter. It is scheduled to go on sale in the U.S. during the first quarter of next year. Pricing of the vehicle was not announced. Hyundai expects the car to achieve 610 kilometers (380 miles) of range...
    DETROIT (AP) — Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. The company on Saturday disclosed it sold more than 254,000 cars and SUVs from April through June, an 18% drop from the first three months of this year and also well below the pace in last year’s final quarter. The last time Tesla sold fewer vehicles globally was in the third quarter of 2021 when it delivered 241,000. On Friday, the rest of the industry reported a 21% drop in sales during the second quarter as the average price for vehicles skyrocketed to a record of $45,844 amid soaring inflation, according to J.D. Power. Tesla’s sales drop may be a harbinger of weaker second-quarter earnings for the Austin, Texas, company, which is the world’s top-seller of battery-powered vehicles and has posted net profits for nearly three years. Tesla plans to release its full results for the April-June period on July 20. Like many other stocks, Tesla...
    DRIVERS are battling record-high gas prices—but there’s a way to save more money filling up your car. And you don’t even have to be awake. 2Plenty of at-home EV charging stations have features where the car won’t begin charging until off-peak hours hit, so you can plug in anytimeCredit: Getty Most drivers that own or lease an electric vehicle (EV) charge their cars overnight. Convenience aside, charging your car overnight can help unlock extra savings during off-peak energy usage. These off-peak early morning hours are known as “special time-of-use rates. Off-hour charging adds higher levels of stability to the electrical grid and saves you money along the way.  READ MORE ON ELECTRIC CARS LIGHT SPEED Little People’s Audrey Roloff shows off her dad’s $99K new red TeslaECCENTRIC ELECTRICS Ferrari officially announces 'even more unique cars' Off-peak hours are between 12am-8am, every day, year-round, Con Edison reports. EV electricity during off-peak times costs an average of ¢1.80 per kWh, according to Con Edison. If we take a Tesla Model X’s 95 kWh battery capacity and consider the average US driver’s annual mileage of 13,500 a...
    An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022.Josh Edelson | AFP | Getty Images In 2017 and 2018, as some workers sought to form a union at the Tesla factory in Fremont, California, Elon Musk's electric vehicle company was paying a consultancy, MWW PR, to monitor employees in a Facebook group and more broadly on social media, according to invoices and other documents reviewed by CNBC. Two things that MWW PR watched closely were discussions alleging unfair labor practices at Tesla, and about a sexual harassment lawsuit, according to the documents describing their work. While the records confirming Tesla's surveillance of employees online are years old, they hold new relevance for observers seeking greater understanding of CEO Elon Musk's priorities where social media is concerned. Musk recently struck a $44 billion agreement to buy Twitter, the social network he has relied on for years to promote his companies and mock or criticize perceived enemies, including short-sellers, whistleblowers, the UAW, journalists, and elected officials in the Democratic party. He is expected to become interim...
    Ford's new F-150 Lighting is already changing the mind of longtime pickup truck owners who thought they would never go electric.  The vehicle is the electric version of America's best-selling truck, the Ford-150. It features an $11,000 131 kilowatt-hour lithium-ion pack battery, which is nearly ten times more powerful than a Tesla Powerwall. Additionally, the battery can charge an average American home for up to three days, according to Ford engineers. 'That's a house like my house with AC, Xbox, kids going crazy leaving lights on everywhere,' Linda Zhang, the chief engineer of the Ford F-150 Lightning, told Bloomberg.  This makes the F-150 Lighting the first electric vehicle sold in the US with bi-directional charging, which means it has the capability to both power the vehicle and send power to a home or the grid. Prices range from $40,000 for versions of the car aimed at commercial fleets to  luxury models that reach the $90,000 price tag. Though in order to have those all perks, potential buyers must also splurge on the Ford 80-amp charging station, a $3,895 home integration system from...
    Elon Musk and James Franco will not testify at Johnny Depp and Amber Heard's bombshell defamation trial, sources have said. The A-listers were named by Heard's legal team on its list of potential witnesses, with both due to appear via video link. Heard began dating the Tesla founder around the time of her split with Depp in May 2016 and by August the following year they had broken up.  Meanwhile Franco was a close confidant of the actress, whom Depp suspected she was having an affair with. But sources told The Independent that neither Musk nor Franco will take the stand as Heard's legal team begin their defense next week. No reason was given for their absence. Under Virginia law there is no non-residents of the state can be forced to attend proceedings at the Fairfax County Circuit Court, either in person or via video-link. If a witness decides not to participate lawyers can instead draw upon their deposition as evidence if one had been given. In court this week, Depp's former agent Christian Carino, confirmed Musk and Heard were...
    Recently released texts from 2018 between Elon Musk and the managing director of Saudi Arabia’s Public Investment Fund have provided more insight into Musk’s attempt to take Tesla private. In the text, Musk complains to the Saudis: “You are throwing me under the bus.” Bloomberg reports that recently released text messages between Tesla CEO Elon Musk and Silicon Valey friends, investors, and the managing director of Saudi Arabia’s Public Investment Fund (PIF)have provided more insight into Musk’s alleged plan to take Tesla private. Tesla CEO Elon Musk unveils the new Tesla factory in Fremont, Calif., Wednesday, Oct. 27, 2010. The new Tesla factory is the former NUMMI plant. (AP Photo/Paul Sakuma) In 2018, Musk infamously tweeted that he would be taking Tesla private at $420 a share (the specific price being a marijuana reference also reflected in Musk’s recent Twitter bid) and that he had “funding secured” to do so. Shortly after the announcement, Musk backed down stating that he would not be taking the electric car company private, writing a lengthy post about why he had made such a sudden...
    Elon Musk could be the subject of another Securities and Exchange Commission (SEC) probe after he was 11 days late in declaring his 9.2 percent stake in Twitter - during which time he earned approximately $156million in profits. The Tesla CEO became Twitter's majority shareholder on March 14, but failed disclose his stake in the social media giant by the March 25 deadline, violating a 50-year-old SEC law that requires investors notify the regulator once they surpass a 5 percent stake in a company. Musk filed ownership disclosure documents on Monday. Musk, 54, then continued to purchase Twitter stock at approximately $39 per share during the period of omission, SEC filings obtained by DailyMail.com revealed. After his disclosure on Monday, Twitter stock prices surged roughly 30 percent to above $50 per share, allowing the billionaire to reap millions in profit.  Additionally, legal and securities experts allege the SpaceX CEO, who was named to Twitter's Board of Directors on Tuesday, could be under fire for also filing a misleading SEC report claiming to be a 'passive investor' in the company, meaning he had no plans...
    LOS ANGELES (CBSLA) – Video showed someone pointing a gun at a crowd during a street takeover in South Los Angeles late Sunday night. The takeover occurred at about 11 p.m. at the intersection of San Pedro Street and Century Boulevard. The video shows a man hanging out the side of a white Dodge Charger pointing what appears to be a gun at spectators as the car did donuts in the intersection. No shots were fired. The video also showed the crowd pointing lasers at the cars, with spectators running into the middle of the intersection. Los Angeles police responded and eventually broke up the gathering. There were no reported injuries. This comes after a video went viral on social media showing a Tesla jumping a steep intersection as part of a stunt in Echo Park in the early morning hours Sunday. The Tesla launched several feet into the air, then hit two parked cars and skidded to a stop. Several suspects then fled, abandoning the car behind. No arrests have been made in that case.
    In this article TSLAJoe Biden, left, and Elon MuskEvelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty ImagesThe feud between President Joe Biden and Tesla CEO Elon Musk doesn't seem to be cooling anytime soon. Musk said no one was watching Biden after the president did not mention Tesla during his State of the Union speech on Tuesday. "Nobody is watching the State of the Union," Musk said in an email to CNBC. Biden touted the combined $18 billion investments by Ford and GM to build electric vehicles. Tesla, an electric automaker giant, wasn't mentioned in Biden's address to the nation. Musk did not immediately return CNBC's follow-up requests for comment. Musk later tweeted directly to Biden saying "Tesla has created over 50,000 US jobs building electric vehicles & is investing more than double GM + Ford combined." The lack of a mention by Biden leading into Musk's latest comments comes after CNBC reported on the ongoing battle between a billionaire and a commander in chief. Musk, who also runs space exploration company SpaceX, has an estimated net worth...
    In this article TSLAElon Musk gestures as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022.Jim Watson | AFP | Getty ImagesTesla CEO Elon Musk told CNBC that he is glad to see the Justice Department is investigating short sellers, who have long been a target of the billionaire's ire. He also took a fresh shot at the Securities and Exchange Commission, another of his frequent targets. "I am greatly encouraged by the Justice Department investigating short sellers," Musk told CNBC in an email Tuesday. "This is something the SEC should have done, but, curiously, did not." The Justice Department is reportedly investigating two investors who have previously shorted Tesla's stock. The SEC, meanwhile, has been scrutinizing Tesla, which has prompted a vicious legal fight between the company and the regulator. Musk has taken his grudge with the SEC to the public, insulting the regulator at times. In 2018, he called the agency the "shortseller enrichment commission." Nearly two years later, he made a vulgar dig at the...
    The Tesla Cybertruck is about to take center stage again. The Tesla Cybertruck was first revealed in November 2019. (Tesla) More than two years after its original debut as a concept vehicle, it's looking like an updated version in production specification will be revealed in conjunction with Tesla's earnings call event on Wednesday. Photos of a Cybertruck being delivered to Tesla's Austin, Tex., headquarters were captured by a drone pilot on Sunday. Close-up images were also posted to the Cybertruck Owners Club fan forum, and a low-resolution walk-around video has appeared online revealing several new features and a significant omission. The stainless steel pickup is now equipped with sideview mirrors -- which Elon Musk has said are required by law, but removable -- and more conventionally-styled wheels with exposed spokes rather than full covers. It also has a large, single-blade windshield wiper that doesn't appear to be long enough to reach all the glass, but may be equipped with a telescoping feature that extends it during the sweep. The stainless steel Cybertruck is equipped with an air suspension...
    TESLA drivers have been warned about driving in icy conditions as "crashes in electric cars may be worse," experts claim. Vehicles like Teslas will supposedly have added problems in icy weather, due to these electric cars experiencing battery issues in colder conditions. 1Electric car drivers are likely to have added hassles to their journeysCredit: Getty The results of many winter range tests show that typically, an electric vehicle will cover around 20 percent fewer miles in cold weather versus beach weather. Because of this loss of range, electric car drivers are likely to have added hassles to their journeys. They have to reconsider how far they can go, and how long it will take to recharge the car. Winter storms like the I-95 traffic fiasco this weekend would be much riskier for electric drivers, reported the Washington Post. "If everyone had been driving electric vehicles, this mess could well have been worse," wrote Lane. "Any EV driver stuck on I-95 was right to be anxious — not only about a rapidly dying battery but also...
    A car that Tesla used to show off its then-new Autopilot 2.0 system in 2016 crashed while filming a commercial for the carmaker - an advert that can still be found on the company's site, but with the crash strategically missing. The revelation comes as former Tesla employees recently told The New York Times that CEO Elon Musk may have contributed to the risks of his company's Autopilot system because of his desire to use only cameras and ditch sensors.  The video, meant to demonstrate Tesla's Autopilot feature - which is now found on all its cars and allows the vehicles to perform basic driving functions such as steering, accelerating and braking autonomously - begins with a warning that 'the car is driving itself,' despite the fact that there is someone seated in the driver's seat throughout the commercial's entirety. 'The person in the driver's seat is only there for legal reasons,' a message flashes before the footage - filmed from the driver's perspective - begins. The message goes on to assure viewers that the driver 'is not doing anything.'  In...
    Elon Musk - the richest person on Earth - says 'civilization is going to crumble' if declining birth rates continue and also claimed drugs age people during a Wall Street Journal event. The tech mogul insisted that the world - with a global population of 7.9 billion - is in dire need of more humans during an  interview with journalist Joanna Stern on Monday.  'There are not enough people,' the 50-year-old said of a planet populated by 7.9 billion earthlings. 'I can't emphasize this enough, there are not enough people.' He made the comments after discussing how companies such as Tesla could over time begin using robots as a substitute for human workers, calling labor 'the foundation of the economy.' 'I think one of the biggest risks to civilization is the low grow rate and the rapidly-declining grow rate,' he continued. 'And yet so many people - including smart people - think there are too many people in the world and think the population is growing out of control. It's completely the opposite.  'Please look at the numbers, if people...
    By Romy Varghese and David R. Baker | Bloomberg Elon Musk’s announcement of Tesla’s headquarters move from Silicon Valley to Texas was a surprise to California officials — and to the automaker’s own local leadership, according to the head of the state’s office of business and economic development. “Elon didn’t even tell his team,” California’s Dee Dee Myers said during a press call when asked if the state had been informed in advance of Musk’s plans. “We later talked to the leadership in his offices in California, who did not know until he made that announcement.” Related Articles Hertz says it will order 100,000 Tesla vehicles Driver’s seat wasn’t empty in fatal Tesla crash, NTSB says Opinion: Tesla succeeded because of California, not in spite of it Photos: Elon Musk chops price of Hillsborough mansion by $5.5 million US regulators seek answers from Tesla over lack of recall Myers noted Tesla’s “enormous investment” in California, where the electric car-maker was founded. Indeed, during the same shareholder meeting, Musk, who...
    DETROIT (CBSDFW.COM/AP) — A driver was behind the wheel when a Tesla crashed and burned last April in Texas, killing two men, neither of whom was found in the driver’s seat. The U.S. National Transportation Safety Board announced the findings in a report update released Thursday on the April 17 crash on a residential road in Spring, Texas. READ MORE: Texans Feeling Pain At The Pump As The Average Statewide Gas Price Shoots Above $3Although first responders found one man in the back seat and the other in the front passenger seat, the NTSB said both the driver and a passenger were in the front seats with belts buckled at the time of the crash. Deadly driverless Tesla crash near Houston (credit: KTRK-TV) The agency said the car was traveling up to 67 mph in the five seconds leading up to the crash, and the driver was accelerating. Data from the car’s fire-damaged event data recorder revealed that at times, the accelerator pedal was pressed as high as 98.8%, the NTSB report said. The investigation is continuing, and...
    Harsh words from a potty-mouthed Democratic politician might have helped push Tesla’s headquarters out of the Golden State. Tesla chief executive Elon Musk hinted Friday that a ‘F*ck Elon Musk’ tweet posted by State Assembly member Lorena Gonzalez in May 2020 inspired him to move the company to Texas. The billionaire confirmed his motivations in a response to a Tesmanian.com article called ‘Tesla Moved its HQ to Texas Following Explicit Offer from California Assemblywoman.’ ‘Exactly,’ Musk tweeted. The 50-year-old tech genius said last Thursday that Tesla’s headquarters were moving from Palo Alto, California, to Austin, Texas to take advantage of the state’s lack of personal income tax.  California Assemblymember Lorena Gonzalez called Tesla's Elon Musk out on Twitter last May The politician slammed the 50-year-old billionaire for flouting local COVID-19 mandates RELATED ARTICLES Previous 1 Next Elon Musk is welcomed 'like a popstar' as he appears at... 'What an extraordinary, extraordinary talent': California... Share this article Share He was also following through on a promise he made more than a year ago...
    TESLA CEO Elon Musk will be moving the electric car giant's headquarters from California to Texas after his relationship with state officials have soured over the course of the pandemic. The billionaire, who has a home and currently lives in Texas, vowed Tesla will still keep building in California and increase its production line in Nevada during the move. 2Elon Musk announced Tesla would be moving its headquarters to Texas from CaliforniaCredit: AFP "To be clear though, we will be continuing to expand our activities in California," Musk said. "This is not a matter of Tesla leaving California. Our intention is to actually increase output from Fremont and from a gig in Nevada by 50 percent." Musk announced the move on Thursday during the company's annual shareholders meeting held at Tesla's Texas Gigafactory in Austin. California remains Tesla's biggest market in the country and is where a good portion of the company's vehicles are manufactured. Musk, however, has had a growingly strained relationship with the state, especially after Alameda County officials - where Tesla's Fremont factory resides - set...
    Elon Musk announced during a shareholder meeting on Thursday that Tesla would move its headquarters. “I’m excited to announce that we’re moving our headquarters to Austin, Texas,” the world's richest person said during a shareholder meeting. Talking about the company’s skyrocketing vehicle deliveries, he said, “I almost got arrested at one point for claiming that we’d do 5,000 a week.” Then he did a fake evil laugh. The electric car maker is currently headquartered in Palo Alto, California. Tesla has already established a factory in Austin, and much of the business of Musk’s other main venture, SpaceX, happens in the Lone Star State as well.
    Tesla, an American company, was fined $ 136.9 million, or nearly 118 million euros, by the California Arbitration Tribunal on Monday, October 4, for racist activities against a former black employee. Owen Diaz, who was hired as a freight lift operator by a recruitment agency in June 2015, faced racist insults until the carmaker’s July 2016 departure from the Formont (California) plant. According to Bloomberg News reported by AFP, the plaintiff won the lawsuit against Auto. Arbitration in San Francisco federal court ordered Tesla to pay nearly 118 million euros in damages. The complainant warned of the abuse received at the Fremont plant, and the management of the company did not react to stop these actions, which led to this registration permit. “We are pleased to see the arbitrator find the truth and determine the amount that will make Tesla operational,” plaintiff’s lawyer Lawrence Argan told the Washington Post. Owen Dias, who worked with his son at the company, said during his investigation that racist and derogatory nicknames were common within the factory. Valerie Capers Workman, Tesla’s vice president of...
    Who knew mustangs were a natural enemy of moose? The Ford Mustang Mach-E fared poorly during a recent "moose test" in Sweden, which simulates a vehicle's ability to make quick evasive maneuvers if something steps in front of it on the road. The evaluation was conducted by the Teknikens Värld news outlet using a Mustang Mach-E AWD Long Range and found that the vehicle was unable to negotiate the left-right turn at the benchmark speed of 72 kph, or 44.7 mph, without losing some control and leaving the designated path. The testers chalked the issue up to the tuning of the Mach-E's stability control system and thought its steering was too slow and its suspension too soft. The maximum speed that the Mach-E could get through the course cleanly at was 42.3 mph, while a Hyundai Ioniq 5 had no trouble at the 44.7 mph speed. A Tesla Model Y that was also tested set the fastest speed of 46.6 mph. Reporter Linus Projtz described the Tesla was "really good" and the Mach-E "really bad." The moose test is notoriously...
    FREMONT — As Tesla continues to crank out more electric cars each month from its Fremont factory, parking woes for its many thousands of employees have only become worse, so it’s turned to its next door neighbor, BART, for help. For much of this year, the electric carmaker has been renting hundreds of parking spaces from BART at the Warm Springs/South Fremont station, just a stone’s throw from the main factory, netting the public transit agency just over $433,000 as of September, according to James Allison, a BART spokesman. The agreement works well for BART, who has seen ridership tank during the pandemic. The expansive flat parking lot at Warm Springs with nearly 2,100 spaces — largely filled on weekdays before COVID hit — has been “nearly empty” during the pandemic, according to a BART board memo from January. Tesla proposed the idea, according to Allison. Even as Tesla added hundreds of parking stalls on a gravelly lot at the rear of its factory earlier this year, the company still needed more parking to keep up with its growing workforce. FREMONT, CA –...
    There is an eight-and-a-half-foot-long boa constrictor on the loose in Connecticut.  The snake was first spotted Sunday, Sept. 5, in Middlesex County by an East Haddam resident, slithering across a street during a thunderstorm, reported WTNH News 8. And while the snake is a first for the town, the snake's owner was surprised to see his snake on social media. The owner, Rob Peach, thought his snake was hiding in the wall and had no idea it had escaped. “She likes to climb and she sits in the sun with us,” Peach told News 8. “She’s literally she’s part of the family.” He said the 30-pound boa is strong but gentle. “The snake’s name is Tessie it’s short for Tesla,” said Peach who used to work for Tesla. He added that if you spot the snake during the day it may be sunning itself and it would be in a position with its head about a foot in the air and its mouth open. He said residents shouldn't worry, "Tessie" is only trying to gasp for air. If someone spots...
    Siwa shared her vandalized car with followers in an Instagram story on August 5. Jojo Siwa/Instagram JoJo Siwa said in an Instagram story that someone egged her car. She showed followers her personalized Telsa that appeared to be covered in yolk and egg shells. Siwa said she was swatted during a livestream earlier this year.  Visit Insider's homepage for more stories. JoJo Siwa, the 18-year-old pop star and internet personality who has faced online hate after coming out as part of the LGBTQ+ community, said on Instagram that her car was egged.  The former "Dance Moms" star showed her 10.9 million followers in an Instagram story on Thursday that her customized Telsa, which is covered in pictures of her face, appeared to have been hit with egg yolk and eggshells. "Was about to head to work for the day and, look at this," she said, as her mother looked on in the background. "Look at that!" Laughing, she said: "Nice one people! Somebody egged my car last night!" Siwa captioned the video with, "Appreciate it."  Siwa's representatives did...
    Elon Musk's explosive temper toward Tesla staff and chaotic meltdowns are revealed in a new book describing how he once told his overworked staff they have no right to complain because, 'I can be on my own private island with naked supermodels, drinking Mai Tai's - but I'm not.' Musk even shouted at an executive who had the temerity to tell him that exhausted employees should be allowed some time off in 2016.   Musk said: 'I'm in the factory working my a** off, so I don't want to hear about how hard everyone else in the factory works.'  The incident happened during the development of Tesla's Model X SUV but was one of many blow ups from Musk, whose temper was explosive as he pursued his dream of building a commercially viable electric car. According to the book, Power Play: Tesla, Elon Musk and the Bet of the Century by Wall Street Journal reporter Tim Higgins, Musk went ballistic at a lobbyist for car dealerships in Texas who argued against Tesla selling direct to consumers, telling his staff: 'Get that guy the f***...
    Tim Cook snapped 'F**k you' at Elon Musk after the Tesla boss said he wanted to be CEO of Apple in return for selling his car firm to the tech giant, a new book claims.   'I'm CEO' Musk reportedly told Cook during the alleged phone call, said to have taken place in 2016, explaining his condition for the sale. Cook reportedly believed Musk meant that he wanted to stay on as boss of the car start-up, but was stunned when the South African entrepreneur clarified that he wanted to be the boss of Apple.   'F*** you' Cook is said to have responded, according to a Los Angeles Times review of reporter Tim Higgins' upcoming book Power Play: Tesla, Elon Musk and the Bet of the Century.  According to Higgins' book, the exchange between Musk and Cook took place during a phone call where Cook allegedly made an offer for Apple to buyout Tesla, amidst an especially rocky time for the electric car manufacturer. At the time, Musk's job and the company's future was on the line, as Tesla raced to roll out...
    Elon Musk once demanded to be made the CEO of Apple during discussions of a potential Tesla buyout, according to a new book. The surprising 2016 conversation is one of the details revealed in the upcoming book Power Play: Tesla, Elon Musk and the Bet of the Century by Wall Street Journal reporter Tim Higgins, according to a review in the Los Angeles Times. Apple CEO Tim Cook had called Musk to propose acquiring the electric carmaker, which was struggling financially ahead of the unveiling of the Model 3, according to the book. Musk expressed his interest in the idea but had one condition, telling Cook: 'I'm CEO.' Elon Musk once demanded to be made the CEO of Apple during discussions of a potential Tesla buyout, according to a new book RELATED ARTICLES Previous 1 Next Las Vegas Loop drivers are 'banned from discussing crashes... Elon Musk's Tesla reaches milestone with its first $1BILLION... Share this article Share Cook at first thought Musk meant that he wanted to remain CEO of Tesla...
    Elon Musk said each Cybertruck would 'literally cost a million dollars a piece or more' if Tesla started producing the futuristic vehicle now, adding that production is now being delayed to sometime in 2022. The statement was made during Tesla's second-quarter earnings call Monday, which highlights the firm's struggle to ramp up production of its next-generation 4680 battery cell that will be used in the Cybertruck. As of right now, Tesla could only produce the Cybertruck at extremely low volumes. 'There's a reason why you do things at volume production, which is to get the economies of scale that get the cost down,' said Musk, who also shared Tesla's suppliers are calling him at midnight and 1am to resolve battery cell shortages. Drew Baglino, senior vice president of powertrain and energy engineering, noted during the call that the Cybertruck is still in alpha stages  and only the basic engineering architecture is finished, but Tesla plans to move into the beta phases later this year. Baglino also said that Tesla's 'cells suppliers are tracking to double their production in 2022.' Musk's...
    More On: elon musk Tesla cruises past estimates, reports electrifying quarter Grieving man uses AI site to ‘chat’ with dead girlfriend Jeff Bezos offers $2B in incentives for NASA lunar lander contract Elon Musk says Tesla will ‘most likely’ start accepting bitcoin again Elon Musk slammed press coverage of Tesla crashes that may have involved its “autopilot” feature, pushed back on child-labor concerns and even took multiple digs at Apple after the electric car maker reported record results. Tesla late Monday released its second-quarter earnings, which showed that record sales of its lower-priced Model 3 and Model Y cars helped the company post more than $1 billion in profit — 10 times what it made a year earlier. But it wasn’t Tesla’s numbers that seemed to preoccupy the eccentric tech tycoon on a Monday conference call with analysts, where Musk was prone to taking potshots at competitors and journalists alike, even as he pushed back at accusations that Tesla has been complicit in child-labor scandals. “It is our goal to support the advent of sustainable energy. It is...
    Tesla CEO Elon Musk is not one to mince words and on Monday, his latest target became the world's most valuable company - Apple. The 50-year-old Musk, who in the past, has opined on the state of the automotive industry, the competition for his SpaceX company and a host of other topics, went at Apple for its use of cobalt in its iPhone and Mac batteries and how it does business. When asked about its raw materials partners, Musk said the company uses significantly less cobalt than the Cupertino, California-based Apple. Tesla CEO Elon Musk sniped at Apple for its use of cobalt in batteries and how it does business Musk said Tesla uses 2% cobalt while Apple uses 100% in its batteries 'And there's somehow a misconception that Tesla uses a lot of cobalt, but we actually don't,' Musk said, according to a transcript of the call. 'Apple uses I think almost 100 percent cobalt in their batteries in cellphones and laptops.' 'But Tesla uses no cobalt in our iron phosphate packs, and almost none in the...
    By MICHAEL LIEDTKE | The Associated Press SAN RAMON  — Tesla’s quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems. Tesla now has cemented its position as the leader in the shift away from gas-combustion that is expected to make it even more profitable than during its most recent quarter. The Palo Alto, California, company earned $1.1 billion, or $1.02 per share, in the April-June period. That was more than 10 times its profit at the same time last year. Revenue nearly doubled from last year to about $12 billion. Adjusted to exclude one-time times items, Tesla earned $1.45 a share in the latest quarter, easily topping the 94 cents expected by Wall Street analysts, according to FactSet. Tesla now boasts a market value of roughly $630...
    SAN RAMON, Calif. (AP) — Tesla’s quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems. Tesla now has cemented its position as the leader in the shift away from gas-combustion that is expected to make it even more profitable than during its most recent quarter. The Palo Alto, California, company earned $1.1 billion, or $1.02 per share, in the April-June period. That was more than 10 times its profit at the same time last year. Revenue nearly doubled from last year to about $12 billion. Tesla now boasts a market value of roughly $630 billion, far more than any other automaker and 14 times more than what the company was worth just two years ago. Its mercurial CEO, Elon Musk, is now sitting on the world’s...
    In this article TSLASpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021.Michele Tantussi | ReutersTesla reports second-quarter results after the bell on Monday. Here's what analysts are expecting, according to estimates compiled by Refinitiv: Earnings: 98 cents per share, adjusted, expected Revenue: $11.30 billion expected Tesla has already reported deliveries (its closest approximation to sales) of 201,250 electric vehicles, and production of 206,421 total vehicles, during the quarter ending June 30, 2021. During the quarter, among other challenges, Tesla faced a backlash from consumers in China, recalls in China and the US, and delayed deliveries of the high-performance version of its flagship sedan, the Model S Plaid. Institutional investors are now looking for updates on two new factories Tesla is building in Austin and near Berlin, when the company plans to start commercial production of its Cybertruck and custom battery cells, and how Tesla will weather ongoing parts shortages and the rising cost of raw materials that CEO Elon Musk previously complained about. While Tesla does not disclose how...
    Elon Musk shared a video on his Twitter account that shows a post-apocalyptic world where robots and humans are at war – but the star of the show is Tesla's Cybertruck. The 48 second clip, which looks like a scene from Grand Theft Auto, shows a Cybertruck barreling down empty streets, knocking over fences and smashing through a wall of four-legged robots. Musk uploaded the video Sunday, with the caption 'Cybrrrtruck,' which also includes a Tesla Roadster with two other people who are also helping save the world. The passengers in both vehicles are tasked with removing a bomb set by the robots, which they do by attaching it to the Cybertruck and Roadster and dragging it to a cliff where they toss it over before it donates. Elon Musk shared a video on his Twitter account that shows a post-apocalyptic world where robots and humans are at war – but the star of the show is Tesla's Cybertruck. The video begins with the Cybertruck and Roadster flying down an empty road inside what was once a city –...
    An attorney for the shareholders suing Tesla has thrown up in court while Elon Musk testified, temporarily halting proceedings on the second day of the civil trial over the company's $2.6 billion merger with SolarCity. The proceedings on Tuesday in Wilmington, Delaware were briefly interrupted when an unidentified lawyer vomited in the jury box, which is being used by court officers during the bench trial. Building security said the trial would resume in two hours.  Wearing a dark suit, white shirt and black tie, Musk arrived at chancery court in a Tesla Model Y, flanked by private security, with the SpaceX Starship visible on his phone's lock screen.  Taking the stand, Musk defended his handling of the SolarCity deal, denying claims that he dictated a price the electric vehicle maker would pay for the ailing solar panel maker founded by his cousins. For a second day, a pugnacious Musk sparred with Randall Baron, the plaintiffs' attorney who has been grilling him about his role in orchestrating the SolarCity deal. 'Your questions,' the billionaire CEO complained from the witness stand, 'are so deceptive.' ...
    Billionaire entrepreneur Elon Musk lashed out in court at an opposing lawyer seeking to convince a judge that the Tesla CEO illicitly directed the electric car giant to acquire energy system company SolarCity. "I think you're a bad human being," Musk told attorney Randall Baron, who is representing Tesla shareholders in the lawsuit against the CEO and members of the company's board, during a trial in Delaware Chancery Court on Monday. The plaintiffs allege that Musk, who was chairman of both Tesla and SolarCity when the $2.1 million purchase took place, directed the transaction in order to benefit himself, according to the Wall Street Journal. He brought the proposed acquisition to the board in 2016. ELON MUSK RENTING $50,000 HOUSE IN TEXAS AFTER SELLING REAL ESTATE HOLDINGS Plaintiffs also argue that SolarCity was in financial dire straits at the time, which they say were not fully represented to them during negotiations over the merger. Musk said during the nonjury trial that an independent director oversaw the negotiation for the merger and that one of his...
    Alexandria Ocasio-Cortez was excoriated on Twitter Wednesday for not helping her grandmother and instead posting images of her dilapidated home in Puerto Rico and blaming Trump for not sending aid after Hurricane Maria. Critics were quick to jump on the post questioning why the progressive congresswoman, who makes $174,000 and drives a Tesla, isn't sending money to help her grandmother. 'Just over a week ago, my abuela fell ill. I went to Puerto Rico to see her- my 1st time in a year+ bc of COVID,' Ocasio-Cortez wrote on Twitter. 'This is her home,' she continued, posting two pictures of mostly-empty rooms where the ceiling is falling in and plastic buckets on the ground are collecting water. Also in the images are one chair, one dresser and a tarp on the ground. 'Hurricane María relief hasn't arrived. Trump blocked relief $ for PR. People are being forced to flee ancestral homes, & developers are taking them,' the New York congresswoman wrote.  Representative Alexandria Ocasio-Cortez was slammed on Twitter Wednesday for posting images of her grandma's falling-down house in Puerto...
    Saturday Night Live cast members will not be forced to appear on next weekend's show along side controversial host Elon Musk amid an outcry over the Tesla CEO being selected to host the show. After SNL announced on Saturday that Musk will host the May 8 episode, cast members Bowen Yang and Aidy Bryant posted Instagram Stories taking aim at the billionaire.  They are believed to be unhappy that a business tycoon has been chosen to host the show instead of a figure from the arts, although Musk's outlandish tweets and ambitious projects have made him a pop culture icon.  'Speaking historically, if a cast member has been that unhappy, they don't have to do it,' a source told The New York Post on Friday.  They said that Lorne Michaels, the boss of SNL, 'won't ever make them do anything they don't want to do.'  Several Saturday Night Live cast members have aimed sly digs at Elon Musk in their Instagram stories, expressing annoyance that the Tesla CEO has been selected to host the show None of the cast members...
    HOUSTON (CBSDFW.COM/CNN) — Contrary to past claims by the company, Tesla said Monday that one of it’s autopilot features was active during the April 17 crash that killed two men in Spring, Texas. Police said no one was in the driver’s seat at the time of the crash. READ MORE: Nearly $1.5 Million In Hard Narcotics Seized At U.S.-Mexico Border Last Weekend Lars Moravy, Tesla’s vice president of vehicle engineering, said on the company’s earnings call that Tesla’s adaptive cruise control was engaged and accelerated to 30 mph before the car crashed. Autopilot is a suite of driver assistance features, including traffic-aware cruise control and Autosteer, according to Tesla’s website. Traffic-aware cruise control matches the speed of the car to surrounding traffic, while Autosteer assists in steering in clearly marked lanes according to Tesla’s website. (Credit: KTRK) The North American owner’s manuals for the Model 3, Model S and Model X, all describe traffic-aware cruise control as an Autopilot feature. Tesla’s revelation may be at odds with the initial description of the crash from its CEO Elon Musk, who said...
    In this article TSLATesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.Artur Widak | NurPhoto | Getty ImagesTesla reported first-quarter results on Monday, including a record quarterly net profit of $438 million on a GAAP basis. As usual, those profits were buoyed by sales of environmental regulatory credits. But in a new wrinkle this quarter, the company's sales of bitcoin during the quarter also contributed $101 million toward the bottom line. In February, Tesla made waves when it announced a $1.5 billion purchase of bitcoin and said it may continue investing in cryptocurrency more broadly. On Monday, Tesla's shareholder update revealed that sales of bitcoin made a $101 million "positive impact" to the company's profitability during the period ending March 31, 2021.VIDEO6:2206:22Reacting to Tesla's earnings callFast MoneyOn the company's cash flows statement for Q1 (page 26), it recorded $1.5 billion in purchases of "digital assets," as well as $272 million in proceeds from sales of digital assets during the quarter....
    New York (CNN Business)Tesla posted record profits Monday — its third record quarter in a row — as its adjusted earnings reached the $1 billion mark for the first time.The company recorded $9 billion in total revenue. That was slightly lower than fourth quarter sales but up 75% from the year-earlier period. Revenue was partly held back as it stopped building its two most expensive models, the Model S and Model X, during the quarter, as it prepared to roll out new versions of those vehicles and dealt with a shortage of computer chips that has dogged the entire auto industry.But Tesla said it weathered the chip shortage "in part by pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers." It said its deliveries of the new Model S "should start very shortly." But that was the same prediction made when it reported fourth-quarter results three months ago. Protesters upstage Tesla at Chinas top auto show The company was also helped by an investment in bitcoin. The company had previously disclosed it...
    SpaceX and Tesla CEO Elon Musk denied the claim that the victims in a fatal car crash had been using Tesla’s autopilot feature. No one was reportedly driving the car that crashed on Saturday night, resulting in the deaths of two Texas men age 59 and 69, according to Harris County Precinct 4 Constable Mark Herman, though Musk has pushed back on the notion. “Data logs recovered so far show Autopilot was not enabled & this car did not purchase FSD,” Musk tweeted on Monday evening. “Moreover, standard Autopilot would require lane lines to turn on, which this street did not have.” BITCOIN SURGES TO ALL-TIME HIGH AS TESLA INVESTS $1.5B The owner of the vehicle, Dr. Will Varner, 59, was found in the back seat of the 2019 Tesla Model S, while the other man has yet to be identified, according to the Daily Mail. The National Highway Traffic Safety Administration and the National Transportation Safety Board are investigating the crash, according to CNBC. Last month, the NHTSA confirmed they were investigating 23 crashes involving Teslas that may...
    Tesla is giving owners in California a sweet incentive to use its Supercharger network during off-peak hours. The automaker has been sending owners in the area a message through its app, letting them know that they can save 50 percent on their charging fees if they plug into a Supercharger between 7PM and 10AM. Supercharger rates vary per location, with some costing up to $0.40/kWh — even higher for peak rates, especially during the summer. Some owners are paying up to $40 to fully charge their EVs.  The automaker ran a discount promo in California for a very limited time over Halloween weekend last year. That time, it charged owners $0.09/kWh if they use the Supercharger between 9PM and 9AM the next day. While this promo doesn’t offer a discount quite as deep, half off could mean huge savings for owners and, as Electrek points out, the chance for Tesla to offset expensive charges during peak demand. That said, the deal is only available in major metro areas in the state, where more owners may not have their own home...
    In this article TSLATesla Model 3Source: TeslaTesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. Estimates ranged from 145,000 to 188,000 deliveries. All of the electric vehicles it produced were Model 3 sedans and Model Y crossover SUVs, though it also delivered 2,020 Model S sedans and Model X SUVs. Tesla's operations during the quarter ending March 31, 2021, were impacted by a fire at its Fremont, California factory, temporary closures that CEO Elon Musk attributed to parts shortages, a broader chip shortage in the industry, port capacity issues and the ongoing pandemic. During the same period a year ago, with the novel coronavirus spreading the world, Tesla reported it produced 102,672 vehicles and delivered 88,400 vehicles. Production of its crossover SUV, the Tesla Model Y, had started in earnest as of January last year, with deliveries taking off in March 2020. At that time, Model...
    Detroit police investigating an accident involving a Tesla Model Y getting lodged under a semi-truck trailer do not believe the car's Autopilot system was engaged at the time of the collision. (WJBK) The Monday incident left a passenger in the car in critical condition, while the driver sustained minor injuries. The National Highway Traffic Safety Administration has sent a team to investigate the accident, which it described as "violent" and was similar to two fatal crashes in Florida that involved the Autopilot feature. "All the indications that we have at this point is that it was not in Autopilot mode, that the driver was in control of the vehicle at the time of the crash," Deputy Chief David LeValley told Fox 2 WJBK. Tesla v Semi (WJBK) LeValley said the driver claimed he was in control and that surveillance footage from before the collision showed the car making what appeared to be evasive maneuvers prior to the impact. Tesla's Autopilot is capable of braking for obstacles while its Full Self-Driving feature has additional functionality that includes stop sign...
    Hundreds of employees at Tesla's plant in California contracted COVID-19 after Elon Musk urged them to return to work amid the coronavirus pandemic, a bombshell report in The Washington Post reveals.    The plant, located in Alameda County, reopened in May of last year despite officials ordering it to stay shuttered until at least June.  Musk - who decried government lockdowns as 'fascist' - tweeted on May 11: 'Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, I ask that it only be me.'  Several days later, the billionaire reached an agreement with officials to allow the reopening of the plant as long as all COVID cases at the facility were reported to the Alameda County Public Health Department.   Data from the Department was obtained by The Washington Post under freedom of information laws on Saturday.  It shows around 450 employees contracted COVID-19 between May and December 2020. The plant employs close to 10,000 workers.  Hundreds of employees at Tesla's plant in California contracted COVID-19 after Elon...
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