Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByMatthew Goldstein Sept. 29, 2018 Elon Musk, Tesla’s chief executive, reached a deal with the Securities and Exchange Commission on Saturday to resolve a securities fraud case. The settlement will force Mr. Musk to step aside as chairman for three years and pay a $20 million fine. The S.E.C. announced the deal two days after it sued Mr. Musk in federal court for fraud and misleading investors over his post on Twitter last month that he had “funding secured” for a buyout of the electric-car company at $420 a share. It is not clear why Mr. Musk changed his mind and agreed to settle but shares of Tesla have been hit hard since the S.E.C. filed the lawsuit. On Friday, the stock dropped about 13 percent. The deal will allow him to remain as chief executive officer. The … [Read more...] about Elon Musk and Tesla Settle With S.E.C. in Fraud Case
Elon musk and tesla
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by After deciding not to try to remove its shares from the market, the electric-car maker must focus on some stubborn challenges while facing new ones. ByNeal E. Boudette and Peter Eavis So Tesla is no longer seeking to go private. Now what? On Monday, the electric carmaker began to take stock of the residual damage from its August whirlwind — including the prospect of harsher scrutiny of its bottom line and of its chief executive, Elon Musk. In the past, analysts, investors and even admirers of the company were sometimes willing to overlook quarterly losses and missed targets because of the persuasiveness of Mr. Musk’s long-term vision. But his erratic course over the past few weeks and his sudden reversal on the buyout plan, announced late Friday night, may prompt them to take a more … [Read more...] about Elon Musk and Tesla Resolved One Issue. Now for the Rest.
Sections SEARCH Skip to content Skip to site index Subscribe Log In Scrambling to turn out its first mass-market electric car, the automaker set up multiple assembly lines and is changing production processes on the fly. Elon Musk, Tesla’s chief executive, sees the success of the Model 3 as a crucial step on the way to offering a broad range of models and leading the transition to emissions-free transportation. Credit Christie Hemm Klok for The New York Times Supported by ByNeal E. Boudette June 30, 2018 FREMONT, Calif. — Just outside the north wing of Tesla’s sprawling electric-car plant here, an unusual structure has taken shape in the last few weeks: a tent, about 50 feet high and several hundred feet long, its taut gray canvas membrane supported by aluminum columns. Its purpose is as notable as its hasty construction. The semi-permanent structure houses a third assembly line — part of a desperate effort … [Read more...] about Can Elon Musk and Tesla Reinvent the Way Cars Are Made?
Tesla By Edward Jones June 27, 2018 Shares Facebook LinkedIn Tweet Google+ Pin StumbleUpon Reddit Email Tesla is still chugging forward with the development of their upcoming truck model. The truck was originally unveiled during the Tesla “BAMF” Semi’s reveal in November 2017. It’s based on the semi truck, but it’s built for the average consumer. This new truck is set to rival the likes of the ever-popular Ford F-150 and Chevrolet Silverado.Elon Musk and Tesla have been quite mum in regards to the truck’s details, but that seems to have changed. Elon Musk recently sent out a series of tweets that go into possible features and details of the truck. These tweets all point to a truck that will be exactly what we expected: a high-power electric pickup truck that will be full of bells and whistles.One possible feature that another Twitter user propositioned and Mush harked on was the addition of a heavy-duty … [Read more...] about Elon Musk Teases Tesla Truck Features
It would be unfair to criticize Tesla Motors’ CEO without also illustrating just how important he is to the company. Were it not for Elon Musk, Tesla would have never made it this far. He was not only integral in its foundation but also the driving factor as it picked up investors. While the company was building innovative products, he has kept shareholders looking toward the horizon and keeping the faith. Unfortunately, 2018 hasn’t been a great year for Musk. While the brand has managed to keep its exceptionally loyal fan base, bad publicity has shaken investor confidence. No automaker is free from ugly stories but Tesla has been deemed semi-miraculous for some time — making any failures that much more glaring. The bar has been set unreasonably high and unkept promises have caused issues. Tesla has itself a PR problem and, like most things, it looks like it’ll be up to Elon to fix it. But it’s going to be a monumental task, Musk is already putting … [Read more...] about Unpacking Elon Musk and Tesla’s Current PR Problem