ElonMusk

  • GOLDMAN SACHS: Tesla may need $10 billion in fresh cash in the next 18 months

    Mike Blake/Reuters TSLA Tesla 285.00 -1.53 (-0.50 %) Disclaimer Get real-time TSLA charts here » • Tesla will need a significant cash infusion before 2020, Goldman Sachs said Thursday. • Tesla maintains it will be profitable this year — and that it won’t need to raise capital. • Follow...
  • Tesla’s Elon Musk overhauls management

    Tesla’s Elon Musk has announced a “thorough reorganization” amid concerns about the electric carmaker’s production output and mounting losses. In an email to staff, the chief executive said Tesla was “flattening” its management structure and “combining functions where sensible”. Mr Musk also said it was “trimming activities that are...
  • Elon Musk Scoffs at Trump Getting Nobel Prize

    Elon Musk was not wearing his poker face Saturday night in WeHo, when our photog asked about the possibility of Donald Trump getting a Nobel Peace Price. The undeniably brilliant Musk had trouble processing the concept of Trump snagging such an award, but ultimately concluded if nuclear armament were...
  • Musk buys $9.85M in Tesla stock after taunting shorts

    Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since March 2017, according to a regulatory filing. Musk, 46, already was Tesla’s largest shareholder, and his stake is...
  • Elon Musk wants to be your candyman

    Elon Musk has some sweet news for his fans. The billionaire chief executive of SpaceX and Tesla Motors has apparently grown a little bored plotting the course of our transportation future and wants to spice things up. And what better way to do that than by opening his own...
  • Wall Street angry with Tesla CEO Musk after he talks of ‘barnacles, flufferbots, and bonehead bears’ on investor call

    Tesla Inc. Chief Executive Elon Musk’s refusal to take questions from analysts about the electric car maker’s financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent. In a conference call on Wednesday, Musk refused to answer questions from analysts...
  • Tesla shares rise after Musk slams The Economist

    Tesla will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. Tesla has already sought this month to...
  • Betting against Musk? Tesla is the biggest short in the US stock market

    More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show. The dollar amount of shares shorted on Tesla increased 28% in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25%, according...
  • Elon Musk says social media, AI should be regulated

    Will Facebook be regulated? CEO Mark Zuckerberg opened the door on Tuesday, telling Congress he’d welcome regulation, if it’s the right regulation. The 33-year-old multibillionaire is testifying before a joint hearing of the Senate Judiciary Committee and Senate Commerce Committee on Tuesday. On Wednesday, he’ll make a similar appearance...