Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Elon Musk of Tesla Sticks to Mission Despite Setbacks Supported by ByMatt Richtel July 24, 2016 FREMONT, Calif. — Elon Musk, the chief executive of Tesla Motors, sat in a glass-walled conference room here last week in the company’s auto factory. Around him, workers and robots were building the $70,000 luxury vehicles that have redefined how people think about electric cars. But autos are just one of Mr. Musk’s many projects. A South African-born billionaire and entrepreneur, he is the top investor in the country’s largest provider of rooftop solar power, runs a private rocket company, and in a blog post last week pledged to create a ride-sharing car service and battery-powered trucks and buses. And then there is his plan for the world’s largest battery factory. The … [Read more...] about Elon Musk of Tesla Sticks to Mission Despite Setbacks
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Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByDavid Gelles Aug. 28, 2018 Elon Musk was up early on Saturday. He departed Los Angeles, where he runs SpaceX, his private rocket venture, and flew north in his white Gulfstream jet. Stopping in Silicon Valley, he picked up two engineers from Tesla, his electric-car company. They flew on to Reno, Nev., where they spent the day at Tesla’s battery plant, the Gigafactory. It might have been just another workday for Mr. Musk — a multistate jaunt to personally fix a drive-unit production line. But this was no ordinary morning. He was a brief night’s sleep removed from one of his most consequential decisions: scrapping his plan to take Tesla private. It was an abrupt about-face, and it capped a tumultuous two and a half weeks that began with a single tweet and wound up roiling … [Read more...] about In Elon Musk’s World, Brakes Are for Cars, Not C.E.O.s
For years, Tesla’s board remained almost invisible, staying behind the curtain as superstar Chairman and CEO Elon Musk guided the electric car maker to huge stock price increases. Now, given Musk’s recent questionable behavior, experts say it’s time for the board to step onstage and take action on the company’s leadership. The list of Musk’s offenses include berating Wall Street analysts on a conference call and labeling as a pedophile via Twitter a British diver involved in the cave rescue of trapped Thai soccer players. Add to that his abrupt Twitter announcement of a plan to take the company private even though funding hasn’t been solidified, as well as confessing to being overwhelmed with job stress in a recent interview, and it’s likely that most other company boards in a similar position would have taken action, corporate governance experts say. Yet Tesla’s nine-member board, which includes Musk and his brother, Kimbal, has … [Read more...] about Experts say Tesla’s board may have too many ties to Elon Musk
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by ByNeal E. Boudette June 12, 2018 Tesla has lost money every year since its founding in 2003. But the automaker’s chief executive, Elon Musk, is pulling out all the stops to end that streak. In the latest sign, Mr. Musk said Tuesday that Tesla would reduce its work force by about 9 percent, or roughly 3,500 of its 37,500 employees, as part of a companywide restructuring. The cutbacks come in the midst of a challenging and expensive effort to transform Tesla from a niche producer of electric vehicles to a mainstream automaker, an ambition hinging on its first mass-market offering, the Model 3. In an internal email that he posted on Twitter, Mr. Musk said most of those losing their jobs would be salaried employees. He said the cuts would have no effect on production workers at the company’s car plant … [Read more...] about Elon Musk, in Search of Profit, Cuts Tesla’s Work Force
Tweet TweetBreaking news: Elon Musk wants to build a plane. An electric one! Are you surprised? Me either…after all, if he builds the fastest electric cars on earth, what’s the next logical step? I don’t want to be negativist, but what about the range? How large should be the batteries to provide a decent range without adding too much weight to the plane? Well, he says that, in the future, it will be possible that lithium-ion batteries to provide enough capacity to power a plane. Elon Musk is not only implicated in Tesla project, but he also founded back in 2002 Space Exploration Technologies Corporation (SpaceX), with the purpose of enabling Mars’ colonization. The company had developed and built two launch reusable vehicles and a spacecraft, called Dragon, which attached to the International Space Station, supplying it with cargo. He is also the chairman and co-founder of SolarCity, a company that designs, finances and installs solar power systems. In the … [Read more...] about Is Elon Musk Thinking About Building An Electric Airplane?