(Reuters) - Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla Inc (TSLA.O) CEO is looking to reengineer how a company can be taken private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein/File Photo Musk announced on Twitter on Tuesday that he was considering taking Tesla private for $420 per share, or $72 billion, in what would be the biggest deal of this kind. He said the funding for the deal was secured, but did not provide details. Tesla shares ended up 11 percent at $379.57, indicating investors gave some credence to the plan. But investment bankers and analysts reacted with skepticism, telling Reuters it would be hard for Musk, whose net worth is pegged by Forbes at $22 billion, to raise the equity … [Read more...] about Elon Musk’s Tesla buyout would reengineer take-private deals
Elon musk tesla motors
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?
In a sign that Tesla's Model 3 production continues to improve, CEO Elon Musk tweeted that the company will enable ordering of dual-motor versions of the sedan at the end of next week. Customers waiting for a Model 3 in performance or all-wheel-drive trim can find out how much the options will cost and put orders in with production scheduled to start in July, consistent with Musk's statement last month. We don't know anything about the specs on either model, but AWD was a $5,000 option on the Model S until it became standard (as it is on the Model X) late last year. Also, in his response to IGN's Ryan McCaffrey, Musk said air suspension could arrive as an option in 2019. Tesla will enable orders end of next week for dual motor AWD & performance. Starting production of those in July. Air suspension prob next year. — Elon Musk (@elonmusk) May 11, 2018 This story originally appeared on Engadget, your guide to this connected life. Related Video: … [Read more...] about Elon Musk: Tesla Model 3 dual-motor ordering opens next week
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
Tesla Motors will become profitable, starting from the third quarter of this year and therefore will not require additional funding from its investors according to the company’s CEO Elon Musk. Tesla has already sought to play down widespread speculations that it would need to return to capital markets this year in order to raise more money, Reuters reports. The electric car maker has been losing production targets consistently and is also currently fighting bad publicity over a fatal crash that involves a Tesla using its Autopilot system. Tesla has said that it would have positive cash flow from the third quarter and Musk repeated the same in a tweeted response to a story from The Economist which said that the Silicon Valley car maker will require $2.5 to $3 billion this year in additional funding. “The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to … [Read more...] about Elon Musk Says Tesla Will be Profitable In Second Half Of This Year