He said: “The ship part is by far the hardest, because that’s going to come in from super-orbital velocity” around planets including Mars, which is “way harder than coming in from orbit.” … [Read more...] about Elon Musk reveals huge ‘main body tool’ of SpaceX’s Big F****** Rocket – and parks a Tesla next to it for scale
The vote result indicated some, but not all, big investors were prepared to support a large payout at the founder-led company, which has struggled to produce its electric vehicles efficiently and profitably. … [Read more...] about Tesla CEO Elon Musk earns first performance-based compensation from the company worth more than $700million in one of the biggest corporate pay packages in U.S. history
Tesla shares closed at $805.81 on Thursday and options have a strike price of $350.02. Thursday’s filing also set a day of July 7 for the company’s annual shareholders meeting, stating: “As of the date of this proxy statement, one of the 12 tranches under this award has vested and become exercisable, subject to Mr. Musk’s payment of the exercise price of $350.02 per share and the minimum five-year holding period generally applicable to any shares he acquires upon exercise.” … [Read more...] about Tesla Gives Elon Musk a $775 Million Payday
Tesla isn’t immune to the pressures facing other automakers. The price cuts target older vehicles and suggest they have peaked in demand. Tesla relied on federal tax incentives for electric vehicles and a strong economy to boost sales — and now both are gone. Other automakers are offering deals, so Tesla needs to offer deals to remain competitive. Tesla wants to meet its delivery goals. Let’s talk for a moment about camp number five, the “delivery goals” camp. Now, Tesla had a surprisingly good first quarter! Despite shutdowns at its Chinese and US factories, Tesla told its investors it might still meet its goal of delivering 500,000 vehicles worldwide this year. Price cuts sure seem like one way of making sure that happens. … [Read more...] about What does Tesla slashing car prices really mean for the company?
The appearance, which CNBC has spent the last two weeks promoting, is pretty straightforward. Leno drops into Tesla’s design studio (which is tucked into SpaceX HQ in Hawthorne, California). Musk arrives in the Tesla Semi, the company’s (delayed) electric big rig. Then Musk plays car salesman, teasing how Tesla plans to sell an optional package on its forthcoming second-generation Roadster that features SpaceX-made “cold-gas thrusters,” all while standing next to the company’s newest available vehicle, the Model Y. … [Read more...] about Jay Leno drives Tesla’s Cybertruck through Elon Musk’s Boring Company tunnel