With not many specifics available yet on Elon Musk's Aug. 7 tweet about taking electric car maker Tesla private, analysts covering the company are debating if his $420-a-share proposal is a fair price for the stock, or if the transaction will even materialize.Six of the 13 analysts who International Business Times/Newsweek spoke to think Musk's offer, which would value Tesla at $71 billion, is not a fair price for investors.On the other hand, six others aren't sure if the taking-private deal would even materialize, citing the current fundamentals of the company. They have price targets well below $400 for the stock, with Cowen setting it as low as $200. Among the latter six, Efraim Levy, senior equity analyst at CFRA Research, did not provide a price target but thinks "there is significant risk that the transaction doesn't happen," adding the company is extremely highly valued, often too richly.ADVERTISINGGlenna Anderson, from BMO Wealth Management, was not in either of the two groups, … [Read more...] about Tesla stock price: Is Elon Musk’s $420-a-share proposal fair?
Who is elon musk
As the internet’s most-read auto website among the elite billionaires of the world, I can’t believe I’ve yet to solicit tips from one of our most beloved group of readers on this: Do you know who is backing Elon Musk’s bid to take Tesla private? No one seems to have any idea. Do you? If Musk meant what everyone reasonably understood him to mean when he said he had the “funding secured” to take Tesla private at $420 a share, then, well, whomever, or whichever company, is making that dream come true isn’t talking. The list of possible candidates with enough cash to pony up the estimated $80 something billion dollars necessary to make it work is already slim as it is. The sovereign wealth funds of Norway and Saudi Arabia seem unlikely, and the notion of an oil-enriched fund buying out the all-electric Tesla seems, uh, weird? Dan Primack of news outlet Axios sniffed around as well, and came up short: Bloomberg caught up with more than a dozen … [Read more...] about Do You Know Who’s Backing Elon Musk’s Bid to Take Tesla Private?
He did it. Holy shit he did it. Elon Musk, the One True Star Boy, launched a fucking car into space. When Elon Musk, CEO of both Tesla and SpaceX, announced that he would be putting his own original Tesla Roadster on top of the very first Falcon Heavy test flight to act as ballast, everyone thought he was joking. And then pictures started showing up of the car being loaded into the payload bay of the rocket. The video of the capsule opening up starts around 41:25: And now, he’s gone and done it. This is Elon Musk’s Tesla Roadster, floating in outer fucking space. It’s incredibly surreal to see it just, well, floating there. Above all of us. Complete with its passenger, a dummy named Starman who will presumably send telemetry about the heavens back down to Earth. The infotainment screen, helpfully, contains the familiar refrain from the Hitchhikers’ Guide To The Galaxy: That is, of course, helpful when staring directly into the abyss of the universe. And just … [Read more...] about Elon Musk Actually Shot A Tesla Roadster Into Space
After the successful launch of their most ambitious mission so far, SpaceX CEO Elon Musk is on a high, but his Tesla brand seems to be taking hit after hit. The production and delivery of the Tesla Model 3, their "affordable" $35,000 (£25,227.30) car seems to be hitting several roadblocks.Today, news broke that delivery of the base variant of the Model 3 has been pushed back to early 2019. This comes right after their Q4 and 2017 report was published. Cars that were promised in early 2018 are now being pushed to 2019.According to their website, customers who were waiting for the standard battery variant, rear wheel drive Model 3 will have to wait nearly one more year. Those who made the Day 1 reservation will get their cars, according to the website in late 2018, and Day 2 reservation holders will have to wait until next year.The reason for this push-back is reported to be because of the losses that the company has been facing over the last few quarters. Insideevs reports that if … [Read more...] about Is Elon Musk paying more attention to SpaceX than Tesla? Model 3 delivery pushed back to 2019
Outside of his Steve Jobs-ian product reveal events, Elon Musk's Twitter feed has become arguably the most important communication platform for the Tesla chief and serial entrepreneur, a window into his ambitious, audacious and often playful psyche. It's where he announced his plan to launch a SpaceX rocket carrying a Roadster into orbit around Mars, among other things, and it helps cement his brand as a man of the future.So what to make of his claim over the weekend that he plans to put an "old school drive-in" restaurant, complete with roller skates and rock 'n'roll, on the site of one of Tesla's new Supercharger locations near Los Angeles?Is he serious? Who knows. It strikes us as a not-half-bad idea in car-mad Los Angeles, even if it would be a weird mashup of old-meets-new (the name Tesla's Drive-In somehow feels disorienting in a time-space-continuum kind of way). But in this case, at least, Twitter definitely has risen to the task. We'll let the social network speak for … [Read more...] about Elon Musk plans Tesla Supercharger drive-in restaurant, and Twitter goes nuts