Tesla’s stock price plunged by almost 6 percent after the company announced first quarter record revenue that also generated record losses. Musk indicated that the robot that builds Tesla vehicles had died. Musk responded by suspending production for a week in mid-May to restructure operations. … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
Elon musk where does he get his money
Mr Musk’s vision for the underground tunnels is not the same as another of his transportation concepts known as hyperloop. That would involve a network of nearly airless tubes that would speed special capsules over long distances at up to 750 mph, using a thin cushion of air, magnetism and solar power. … [Read more...] about Elon Musk offers rides to VIPs as he unveils underground tunnels
In February 2017, the company began digging a 30-foot-wide, 50-foot-long and 15-foot-deep testing trench on the premises of SpaceX's offices in Hawthorne, California, as construction on the firm’s own site would not require any permits. … [Read more...] about The Boring Company – what does Elon Musk’s tunnelling company do, why do they sell flamethrowers and where to get a hat?
(Reuters) - Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns.Munger, 95, often provoked laughter as he fielded questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publishing company he chairs, though he is better known for his four decades as a Berkshire vice chairman. … [Read more...] about Charlie Munger targets active managers, Elon Musk; praises China
PRODUCTION ISSUESTesla expects it will become profitable later this year. But that hinges on a big "if." To do so, Tesla has to ramp up production of its Model 3 electric car to 5,000 units a week. The company says it may reach that level in about two months. Just prior to a planned shutdown in mid-April, Tesla was producing Model 3s at a rate of more than 2,000 a week. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns