elon musk Archive

elon muskElon Musk will have to prove the funding at time of Tesla buyout or risk jail like Martha Stewart

Former Securities and Exchange Commission (SEC) Chairman Harvey Pitt says Tesla CEO Elon Musk faces potential civil and criminal charges. Elon Musk needs to demonstrate that at the time he tweeted about the Tesla going private that Elon had a …

elon muskBoring Company 3 mile long 150mph hyperloop subway to Dodger stadium could be carrying paying passengers at the end of 2019

The Boring Company is proposing to build Dugout Loop, a zero-emissions, high-speed, underground public transportation system from the Los Feliz, East Hollywood, or Rampart Village neighborhoods (“western terminus”) to Dodger Stadium in the City of Los Angeles. The Dugout Loop …

elon muskElon Musk going from two public companies in 2016 to none

Elon Musk Tesla and Solarcity were both publicly trading from 2012 to 2016. Tesla went public June 29, 2010. Solarcity went public Dec 12, 2012. Solarcity was bought by Tesla in a $2.6 billion all-stock transaction Nov 21, 2016. Elon …

economic impactTesla shorts will get a final loss of about $2.7 billion

There were about 34 million Tesla shares that were shorted. The last day and the likely final buyout price of $420 means that shorts lost about $80 per share. This would be about a $2.7 billion loss for the shorts …

electric carsElon Musk has funding to take Tesla Private at $420 per share

Elon Musk has tweeted that he has the funding to take Tesla private at $420 per share. A shareholder vote would be needed to approve it. This would be about a $72 billion valuation. Elon has 33.7 million shares of …

elon muskSpaceX Falcon 9 Block 5 will refly in less than 24 hours in 2019 and 20% cheaper than previous Falcon 9

The first SpaceX block 5 booster was flown on May 11 and it is scheduled to be used again for a launch on Tuesday August 7. This will be a slightly less than three-month turnaround. SpaceX plans to shorten the …

elon muskSpaceX completed one successful launch two days ago and readies for another tomorrow

The SpaceX Falcon 9 and Iridium-7 went vertical earlier today on the SpaceX launch pad at Vandenberg Air Force Base in California. Weather is 90% favorable for tomorrow’s launch at 4:39 a.m. PDT, 11:39 UTC. Falcon 9 and Iridium-7 went …

elon muskSuper hard working Elon Musk will now fund fixing Flint water contamination

Elon Musk made a serious attempt to provide another rescue option for the boys trapped in the Thai cave with a mini-sub. His newest commitment is to fund fixing Flint water contamination. Elon Musk is building a long list of …