Markets

‘The most difficult and painful year of my career’: Tesla CEO Elon Musk opens up about personal and professional struggles in revealing interview

Tesla CEO Elon Musk has shared some personal revelations about the turmoil surrounding him and his company. In a revealing interview with The New York Times published Thursday night, Musk talked about his gruelling work schedule, the struggle to crank out his company’s first mass-market electric car – the Model […]
‘The most difficult and painful year of my career’: Tesla CEO Elon Musk opens up about personal and professional struggles in revealing interview
Tech

Elon Musk’s tunnelling company just unveiled a plan to transport people in Los Angeles to Dodgers Stadium in only four minutes — but the timing of the announcement is curious

Elon Musk has been under fire lately as many have questioned the overall health of Tesla, which has been recently scrutinised over its finances, workplace conditions, and treatment of employees. Reports this week have said the SEC may be looking into Tesla. On Wednesday, the focus shifted to a different […]
Elon Musk’s tunnelling company just unveiled a plan to transport people in Los Angeles to Dodgers Stadium in only four minutes — but the timing of the announcement is curious
Markets

Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit in wake of Elon Musk’s ‘funding secured’ tweet

Tesla is facing another lawsuit accusing CEO Elon Musk of manipulating the company’s stock price. A complaint filed on Monday in US District Court in California alleges that some investors purchased Tesla stock “at artificially inflated prices and suffered significant losses and damages once the truth emerged” that Musk had […]
Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit in wake of Elon Musk’s ‘funding secured’ tweet
Markets

Tesla’s board has formed a special committee to consider going private

Tesla‘s board of directors has formed a special committee to examine CEO Elon Musk‘s preference to take the company private, according to a statement on Tesla’s website. Three independent board members – Brad Buss, Robyn Denholm, and Linda Johnson Rice – will sit on the special committee. While Musk has […]
Tesla’s board has formed a special committee to consider going private
Markets

Elon Musk reveals what he meant by his ‘funding secured’ tweet

Elon Musk said in a company statement on Monday morning that he thought tweeting about possibly taking Tesla private was the “right and fair thing to do.” Musk said Saudi Arabia’s sovereign wealth fund had brought up taking Tesla private multiple times during the past two years. Musk said he […]
Elon Musk reveals what he meant by his ‘funding secured’ tweet
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,187.70 -125.44 (-0.50%) S&P500: 2,821.93 -11.35 (-0.40%) AUD/USD: 0.7274 -0.0010 (-0.18%) ASX SPI futures (September contracts): 6,205 (+5) 1. The fallout from the selloff in the Turkish lira continued to unsettle global markets overnight, although falls for US and European stocks were relatively limited. […]
6 things Australian traders will be talking about this morning
Markets

Tesla is reportedly in early discussions with investors about going private

Tesla is in early discussions with some potential investors about the possibility of taking the company private, Bloomberg reported. According to the publication, the company is looking for several investors rather than seeking a few large stakeholders. The report appears to contrast TeslaCEO Elon Musk‘s Tuesday tweets, in which he […]
Tesla is reportedly in early discussions with investors about going private
Markets

SEC reportedly ‘intensifying’ examination of Tesla after Elon Musk tweets about taking the company private

The Securities and Exchange Commission is “intensifying” its inquiry into Tesla,Bloomberg reported. According to the publication, the agency had already been gathering information about statements Tesla has made regarding sales and manufacturing targets. The SEC and Tesla declined Business Insider’s requests for comment. The SEC on Wednesday asked Tesla whether […]
SEC reportedly ‘intensifying’ examination of Tesla after Elon Musk tweets about taking the company private
Markets

Tesla has started offering owners free Autopilot trials

Tesla has started offering owners a free, 14-day trial of its semi-autonomous Autopilot feature, Electrek first reported. A Tesla representative confirmed to Business Insider that the company is rolling out the trial. Tesla says on its website that Autopilot will automatically download to vehicles that don’t have the feature shortly […]
Tesla has started offering owners free Autopilot trials
Markets

Elon Musk boosted his net worth by $1.4 billion with just one short tweet

Elon Musk became $US1.4 billion richer on Tuesday as Tesla’s stock surged after he tweeted that he was thinking of taking the company private. With a $US25.8 billion net worth, he’s the world’s 31st richest person. He’s also Tesla’s largest shareholder. The tweet was only 61 characters long, but it […]
Elon Musk boosted his net worth by $1.4 billion with just one short tweet
Markets

Elon Musk says if Tesla goes private it will not merge with SpaceX

On Tuesday, Tesla CEOElon Musk expressed his desire to take the company private. But he said that, if Tesla does go private, it will not merge with SpaceX, Musk’s space exploration company. The companies have worked together in the past, according to a Bloomberg report from September. And they will […]
Elon Musk says if Tesla goes private it will not merge with SpaceX
Markets

Elon Musk says Tesla is making a mini-car that can fit an adult

Tesla CEOElon Musk said on Sunday that the company is making a “mini-car” that can fit an adult. Musk was responding to a tweet from Samson Mow, the chief strategy officer of Blockstream, asking when Radio Flyer would make a vehicle based on Tesla‘s Model X SUV. Radio Flyer makes […]
Elon Musk says Tesla is making a mini-car that can fit an adult
Tech

Elon Musk loves video games — here are his favourites

Elon Musk may be the CEO of two different companies, but he still makes time to game. As the head of Tesla Motors, Musk is leading the rebirth of all-electric vehicles. At SpaceX, he’s steering a company whose mission is to “revolutionise space technology, with the ultimate goal of enabling […]
Elon Musk loves video games — here are his favourites
Video

What’s going on with Elon Musk

Elon Musk’s tweets about the Thai Cave rescue, his comments during a Tesla earnings call, and sleeping at the Tesla factory have all raised questions from investors and the public. Amidst Tesla’s Model 3 production, Musk continues to be an unconventional CEO. Business Insider’s senior Correspondent, Matthew DeBord, breaks down […]
What’s going on with Elon Musk
News

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. 1. Apple officially became the first $US1 trillion US company.Shares of Apple climbed on Thursday to hit $US207.05, making it the first US company to reach a market value of $US1 trillion. 2. Spotify users are threatening […]
10 things in tech you need to know today
Markets

Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020

Tesla‘s CEO, Elon Musk, and CTO, JB Straubel, suggested the company may not hit its goal of making 1 million vehicles by 2020 during its second-quarter earnings call on Wednesday. After Wall Street Journal reporter Tim Higgins asked if the company still planned to make 1 million vehicles in 2020, […]
Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020
Markets

Elon Musk said ‘breakthrough’ Autopilot features to arrive soon

Tesla CEOElon Musk said the company will start rolling out “breakthrough” features to its semi-autonomous Autopilot software in around four weeks during the company’s second-quarter earnings call on Wednesday. Musk said some customers would begin receiving the update in around four weeks and all Tesla customers who purchased Autopilot would […]
Elon Musk said ‘breakthrough’ Autopilot features to arrive soon
Markets

Elon Musk just apologised to the analyst whose questions he called ‘boring’ and ‘boneheaded’ last quarter

Tesla CEOElon Musk apologised to Sanford C. Bernstein & Co. analyst Antonio Sacconaghi and other Wall Street analysts during the company’s second-quarter earnings call on Wednesday. During Tesla‘s first-quarter earnings call in May, Musk referred to Sacconahgi’s questions as “boring” and “boneheaded.” Musk began the Q&A segment of Wednesday’s call […]
Elon Musk just apologised to the analyst whose questions he called ‘boring’ and ‘boneheaded’ last quarter
Markets

Tesla could make it through 2018 without running out of money

Tesla reported Q2 earnings on Wednesday, with a wider loss than expected but a beat on revenue. Tesla ended the quarter with $US2.2 billion in cash and expected total capex for 2018 to be less than $US2.5 billion, roughly $US1 billion less than in 2017. “Ultimately, our capital expenditure guidance […]
Tesla could make it through 2018 without running out of money
Markets

Tesla is about to report earnings — here’s what to look for

Tesla is scheduled to report second-quarter earnings after the markets’ close in Wednesday. Analysts expect a big loss for Tesla, but also an improving topline relative to Q2 2017 and Q1 2018. Much attention will be focused on how CEO Elon Musk handles himself when he takes analysts questions after […]
Tesla is about to report earnings — here’s what to look for
Markets

Tesla is experimenting with a new way to deliver the Model 3

Tesla CEOElon Musk delivered a Model 3 sedan directly from its Fremont, California, factory to a customer’s home and indicated the company will continue to deliver vehicles in this way. “We tried out a new delivery system using an enclosed trailer straight from factory to owner’s home, so super convenient […]
Tesla is experimenting with a new way to deliver the Model 3
Markets

Jaguar is delaying some orders of its Tesla rival and blaming high demand

Some reservation-holders for the Jaguar‘s electric I-PaceSUV have been told their delivery dates will be delayed by three to four months, Electrek first reported. A Jaguar representative told Business Insider some deliveries were being delayed due to high demand, but did not comment on the average length of the delays. […]
Jaguar is delaying some orders of its Tesla rival and blaming high demand
Markets

Elon Musk said Tesla wants to eliminate contracts for its customers

Tesla CEOElon Musk said on Monday that the company is attempting to eliminate contracts for its customers and simplify the return process. “We’re trying to get rid of contracts completely. Should just be ‘tap here & you get your car’. Then, if you don’t like it for any reason, just […]
Elon Musk said Tesla wants to eliminate contracts for its customers
Markets

Tesla loses top sales exec ahead of second-quarter earnings

Ganesh Srivats, a top Tesla sales executive in charge of global growth at the company, has resigned. Srivats arrived at Tesla from the luxury retailer Burberry in 2015 to serve as vice president of North American sales. His role was expanded to cover global markets in February, the same month […]
Tesla loses top sales exec ahead of second-quarter earnings
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,044.29 -13.83 (-0.06%) S&P500: 2,806.98 +5.15 (+0.18%) AUD/USD: 0.7382 -0.0050 (-0.67%) ASX SPI futures (September contracts): 6,185 (+17) 1. Another rise in bond yields was the main story overnight, following yesterday’s news that the Bank of Japan may be considering a policy shift. The […]
6 things Australian traders will be talking about this morning
Markets

Tesla’s US website resumes Model 3 orders after briefly not working

Tesla‘s US website is allowing customers to order the Model 3 again. For a brief period Monday morning, the website was not allowing Model 3 orders. Last week, Tesla started allowing all customers to configure and order the Model 3, though the $US35,000 base model is not yet available. Tesla‘s […]
Tesla’s US website resumes Model 3 orders after briefly not working
« Previous PageNext Page »