Musk tweeted just before Tesla’s July 28, 2017 “Handover Party” for the first 30 Model 3 vehicles that he was confident the company would ship 80,000 vehicles by the end of 2017, and 500,000 in 2018. Musk laid out an exponential monthly production growth rate, ramping up from 100 units in August to 1,500 in September, adding: “Looks like we can reach 20,000 Model 3 cars per month in Dec.” … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
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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?
"Warren thinks that Berkshire can do a little better than the S&P from this point. I don't think many people can, but he may be right about himself and the team he has," Munger said, alluding to portfolio managers Todd Combs and Ted Weschler. "It won't be by huge margins, that I confidently predict." … [Read more...] about Charlie Munger targets active managers, Elon Musk; praises China
But now Wall Street is taking a more practical tone, increasingly questioning whether Musk can turn Tesla profitable as it burns through piles of cash and racks up debt. The company may ultimately be forced to sell new shares of its stock or take on more debt just to make it through the year. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns