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Tag Archives: Elon Musk

Here’s The Real Reason Tesla Makes No Money

Elon Musk bills Tesla as the pinnacle of "lean" manufacturing.  Just search for pictures of Tesla's manufacturing plant and you'll undoubtedly be served up futuristic looking images, like the one below, depicting 100's of red robots building vehicles without a single employee.   But, if Tesla is truly the lean manufacturing powerhouse that it purports itself to be then we do wonder why it continues to burn through ~$600 million of cash every single quarter, or roughly $30,000 for...

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It’s Confirmed: Without Government Subsidies, Tesla Sales Implode

According to the latest data from the European Automobile Manufacturers Association (ACEA), sales of Electrically Chargeable Vehicles (which include plug-in hybrids) in Q1 of 2017 were brisk across much of Europe: they rose by 80% Y/Y in eco-friendly Sweden, 78% in Germany, just over 40% in Belgium and grew by roughly 30% across the European Union... but not in Denmark: here sales cratered by over 60% for one simple reason: the government phased out taxpayer subsidies. As Bloomberg writes,...

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In His First Ever Tweet, Lloyd Blankfein Slams Trump’s Climate Decision

Goldman CEO Lloyd Blankfein joined Twitter 6 years ago, in June 2011, and throughout that time he tweeted exactly zero times. He changed that today, when for the first time he took to twitter to slam Trump's decision to pull the United States out of the Paris climate change agreement, which he called “a setback for the environment and for the U.S.'s leadership position in the world.” Today's decision is a setback for the environment and for the U.S.'s leadership position in the world....

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Chinese Carmakers, Volkswagen, BMW Roll Out “Tesla Killers”

The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk's upcoming offering. Start in China, where the Model 3 is not due to arrive until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch "Tesla killer" cars to go head-to-head against Tesla "mass market" sedan. In taking on the monopoly, yet cash-burning premium electric car juggernaut that is Tesla,...

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Tesla Faces New Model 3 Delay As German Workers Threaten Strike; More Headaches For Musk Emerge

In the latest potential setback for the on-time delivery of Tesla's Model 3, I4U reports that Tesla is facing a potential strike at its new German subsidiary. Tesla acquired Grohmann, a specialized machine manufacturer, for about $150 million several months ago and now the German Trade Union IG Metall has warned that it is exploring a worker strike at Tesla Grohmann. A key supplier, the machines built at Tesla Grohmann are used to manufacture the Model 3. As a result, the Model 3 production...

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Tesla Shares Hit Record High

In addition to Amazon hitting its now daily all time high, today the tech online retail that recently made Jeff Bezos that second richest man in the world was joined by Tesla, whose shares just hit a new all time high above $292, surging over 5% on the day, following Sunday's report that first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered,...

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Elon Musk Is About To Turn Us All Into Spacefaring Cyborgs With Neuralink

Get ready for the future organic humans - Elon Musk is about to take transhumanism to a whole new level... What's Neuralink and do we still get to have sex in the future? SpaceX and Tesla CEO Elon Musk is backing a brain-computer interface venture called Neuralink, according to The Wall Street Journal. The company, which is still in the earliest stages of existence and has no public presence whatsoever, is centered on creating devices that can be implanted in the human brain,...

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Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk (or perhaps taxpayer subsidies for Musk's ventures in those fields have dried up) in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines." Specifically, the WSJ has uncovered that Musk has launched another company called Neuralink, which is pursuing what Musk calls “neural lace”...

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Tesla “Beats” As It Burns A Record $1 Billion In Cash Flow, Delivers 10% Fewer Cars

Analysts and traders alike were looking forward to today's "black box" earnings from Tesla as it would be the first consolidated report that combined Tesla Motors operations with those from cash-bleeding monstrocity SolarCity following the pair's merger, to wit: "with the acquisition of SolarCity, we have created the world’s only integrated sustainable energy company, from generation to storage to transportation." And, as usual, Elon Musk managed to fool all those who were only focusing on...

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“Your Faith Will Be Rewarded” Says Musk As TSLA Shareholders Approve Solarcity Acquisition

Moments ago, in a webcast announcing that Tesla shareholders overwhelmingly approved the Solarcity merger, with some 85% voting for the transaction and following the proxy ISS recommendation which recommended to accept the deal, Elon Musk encapsulated the sentiment by saying "I think your faith will be rewarded. I think there will be some really amazing stuff that comes out." From the press release: Tesla’s shareholders have overwhelmingly approved our acquisition of SolarCity....

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