It is unclear if Tesla can return to its production ramp-up schedule before losing significant numbers of reservations and deposit cash. Tesla has indicated the Model 3 reservations have fallen to about 400,000, but has emphasized the company had been purging so-called duplicate customer orders from the sales system. … [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
At one point, as analysts peppered Tesla executives with the usual litany of questions about the company's operations, Musk dismissed the queries, saying "boring boneheaded questions are not cool." He later cut off the "dry" questions from analysts, saying "they're killing me." He then went instead to a self-described "finance nerd" who runs a YouTube channel and was asking questions on behalf of retail investors. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns