Aug 03, 2016 Administrator 0 comments
LA Times: Elon Musk tests Wall Street’s appetite for unprofitable cash-burning ventures

LA Times: Elon Musk tests Wall Street’s appetite for unprofitable cash-burning ventures  With his latest move, Elon Musk is challenging Wall Street to determine whether merging two of his high-flying but unprofitable companies will help bolster their performance or double their risk. Read More

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Jul 14, 2016 Administrator 0 comments
Daily Beast: “How Tesla and Elon Musk Exaggeraged Safety Claims About Autopilot and Cars”

After years of hype about its autonomous driving system, the facts are coming out about how safe Tesla and Autopilot really are. Elon Musk’s company admits three of its vehicles have crashed while Autopilot was engaged, including one fatal accident in which Joshua Brown’s vehicle ran directly into a semi truck. In the wake of […]

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Jul 05, 2016 Administrator 0 comments
Reuters: “Tesla’s deliveries miss target again…”

Tesla Motors missed its vehicle delivery target for the second consecutive quarter and is on track to fall short of its annual target, suggesting the U.S. electric car maker is still wrestling with production issues as it looks to transform itself into a mainstream, high-volume manufacturer. Read More  

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Jun 29, 2016 Administrator 0 comments
CNBC: “Investor group calls for Tesla board governance fixes in wake of SolarCity bid”

An investor group called on Tesla Motors on Tuesday to add two independent directors to its board and separate the roles of chairman and chief executive, as it highlighted founder and CEO Elon Musk’s dominance of the board in the wake of Tesla’s proposed bid for SolarCity. Musk is also the chairman and largest shareholder […]

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Jun 29, 2016 Administrator 0 comments
Wall Street Journal: “NASA Watchdog Criticizes Handling of Probe Into Failed 2015 SpaceX Rocket Launch”

NASA failed to follow its general policies and opened the door to “questions about inherent conflicts of interest” by allowing Space Exploration Technologies Corp. to lead the main investigation into a failed 2015 rocket launch by the company, according to the agency’s inspector general. A report issued Tuesday by Paul Martin, the National Aeronautics and […]

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Jun 25, 2016 Administrator 0 comments
Bloomberg News: “SolarCity, Tesla Ties Spurring Questions on Board’s Independence”

There’s only one member of SolarCity Corp.’s board without ties to Tesla Motors Inc. A few directors are related by blood, others are linked through longstanding personal and professional relationships and some have significant investments in both companies. As the solar company’s eight-member board evaluates Tesla’s proposed $2.86 billion acquisition, these connections may create potential […]

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Jun 23, 2016 Administrator 0 comments
Fox Business: “Tesla’s Elon Musk Has Finally Lost It”

“Hubris, arrogance, is just one step ahead of loss of integrity.” – Charles Koch Earlier this week, Tesla CEO Elon Musk called his proposed takeover of SolarCity a “no-brainer” that could ultimately create a combined solar, battery and electric car powerhouse with a record $1 trillion market valuation. Musk added that he does not expect […]

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Jun 23, 2016 Administrator 0 comments
Business Insider: “Elon Musk just kicked his shareholders in the teeth”

Through Tesla, Musk has made an all-stock deal offer for embattled solar-energy firm SolarCity, which Musk cofounded. He said that this deal would help to make Tesla the first “vertically integrated energy company offering end-to-end clean-energy products to our customers.” SolarCity’s stock is up 20% on the news. Of course, this is just an offer […]

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Jun 22, 2016 Administrator 0 comments
24/7 Wall Street: “Tesla Investors So Negative on Solar Deal, Carmaker Loses More Value Than SolarCity Is Worth”

If you ever wondered about the risks of investing in a company in which the CEO has absolute control, or if you ever worried about what can happen when a hot-shot is high up in two public companies, Wednesday is the real evidence. Elon Musk is supposed to be Iron Man — sorry, Tony Stark. […]

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Jun 22, 2016 Administrator 0 comments
Los Angeles Times: “Elon Musk’s Tesla-SolarCity deal makes a lot of sense — but only for Elon Musk”

Elon Musk finally found a way to turn his Wall Street fans into doubters. The bid by Musk’s Tesla Motors for Musk’s SolarCity for $2.8 billion, a premium of as much as 35% based on Tuesday’s market close, plainly dismayed Tesla shareholders. Tesla shares, which have been buoyed over the years by Wall Street’s adoration of […]

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