Even though Elon Musk survived a call to strip him of his chairman title at this week's Tesla (TSLA) annual meeting, that doesn't mean the pressure is off the tech billionaire. Investors are watching carefully whether Tesla can meet its production goal of producing as many as 5,000 Model 3 cars per week. At the shareholder meeting, Musk said he was "highly confident" the company can meet that target. That assuaged some shareholders, who sent the stock up more than 9 percent on Wednesday. Yet obstacles remain for Tesla, including what some shareholders see as a misuse of Musk's talents. The company would be best served if Musk would give up his chairman role and focus on running the company rather than corporate governance, in the view of ISS, a proxy advisory firm that urged shareholders to vote in favor of tapping an independent director as chairman. In the near term, investors are focused on the Model 3 production rate because ramping up sales will help offset … [Read more...] about Is Elon Musk doing enough to placate Tesla investors?
Who is elon musk
THE BILLIONAIRE Elon Musk has again suggested that humanity is living inside a computer simulation and claimed we're on the brink of reaching a new "level". The billionaire has previously spoken of his belief that we exist in a fake world designed by superintelligent developers. His vision of reality is a little like the simulated world of The Sims, a game which lets humans play God and control the lives of a family. He made the tongue-in-cheek comments during a bizarre conversation with cult TV show Rick and Morty's creators on Twitter. The Tesla and Space X mogul tweeted the official Rick and Morty account to discuss the "singularity" - a word for the moment when artificial intelligence becomes "super intelligent" and capable of thinking for itself. Musk replied: "The singularity for this level of the simulation is coming soon. "I wonder what the levels above us look like. "Good chance they are less interesting and deeper levels are better. The singularity for this level of the … [Read more...] about Elon Musk claims humanity is living inside a simulation which will soon END
Mark Matousek, provided by Published 3:30 pm, Monday, May 21, 2018 Chris Pizzello / AP Tesla CEO Elon Musk said employees at the company's production plant haven't unionized because "they just don't want to" on Sunday. A unionization effort at the company's Fremont, California, factory began in 2017, and the United Auto Workers Union filed a complaint with the National Labor Relations Board claiming Tesla fired employees who had attempted to unionize. Tesla and Musk have denied claims of retaliation toward pro-union employees. Recommended Video: Now Playing: Elon Musk Wants to Start a Candy Company The billionaire behind SpaceX and Tesla tweeted out the news on Saturday. Musk’s tweet seems to be in retaliation to a statement Warren Buffett made in response to a previous Musk comment. It all started when Musk criticized “moats” during an earnings call last week. Moats is a term used by Buffett to refer to a buffer that companies must surround … [Read more...] about Elon Musk said Tesla employees haven’t unionized because they don’t want to (TSLA)
Here's a theory for you. If you programmed a machine to perfectly simulate an eccentric Silicon Valley billionaire, it would be virtually indistinguishable from Elon Musk.Change my mind.If you were going to create a bot, "Weird Science" style, to be the perfect tech billionaire you'd set your code to Musk. He's moon-money-rich, shoots cars into space and dates rich and famous celebrities. Throw in a hexagonal house and you're playing Silicon Valley Sims with all the cheat codes unlocked. But 3L0N MU3K has been getting kind of glitchy lately. I don't mean turning up at the Met Gala with singer Grimes. If anything, a dream-pop/witch-house/synth/electronica artist like her is exactly the kind of badass lady every piece of code would want to date. Now Playing: Watch this: Elon Musk: The Silicon Valley date you definitely can't... 1:22 I'm talking more about the Twitter chat, and the out-there inventions and business ventures that are becoming a little too strange to be real.This … [Read more...] about Is Elon Musk just an AI set on ‘eccentric billionaire’ mode?
Wall Street and Silicon Valley have never been happy bedfellows, and that was on full display this week during Tesla’s quarterly earnings call. These calls are usually dull affairs, with CEOs or CFOs reading a prepared script summarizing the already-released financial results and articulating the main goals of the company that have, presumably, been stated before. Then Wall Street analysts ask a series of questions about the results, tactics, and strategy that executives artfully dodge or dutifully answer. Much like press conferences, the format does not lend itself to spontaneity. WIRED Opinion About Zachary Karabell is a WIRED Contributor. Karabell is the head of Global Strategies Envestnet and the president of River Twice Research. Except when the company is Tesla and the CEO is Elon Musk. The press after this week’s call was intensely critical of Musk for dismissing questions, refusing to delve into financial details, and musing about robo-Ubers and autonomous … [Read more...] about Elon Musk’s Ire Reveals a Wall Street-Silicon Valley Divide
It goes without saying that taking questions from Wall Street investment analysts about company earnings ranks as the least favorite duty of many CEOs, especially when the earnings numbers are as grim as, say, Tesla’s.But Tesla Chief Executive Elon Musk’s performance on his conference call with analysts Wednesday, following the release of the company’s first-quarter financial results, was in a class by itself. To mention the bottom line here at the top: It was enough to make people wary of buying his stock, and could even make people wary of buying his cars.There’s already evidence of the first phenomenon: Tesla shares were off by more than 8% in early Nasdaq trading Thursday. That brings the company’s slump year-to-date to about 12%.One could detect the impact of Musk’s behavior even during the call itself, when the stock tanked in aftermarket trading while he was speaking.Aficionados of weird CEO behavior will treasure the hour-and-15-minute call … [Read more...] about Elon Musk’s performance on Tesla’s earnings call could make people afraid to buy his stock — or his cars
Tesla is taking its self-driving future into its own hands, which Elon Musk thinks will help usher the company into an era of fully autonomous vehicles in just two years. Musk confirmed the company has a team hard at work developing its own AI chips, which future Teslas will depend on in place of the Nvidia units currently used in the automaker's all-electric vehicles. Musk dropped the news at a private company party in Long Beach, according to CNBC. The team is being headed by Jim Keller, a former AMD and Apple chip architect who helped to design the iPhone maker's A4 and A5 processors. A Keller-led Tesla chip project was rumored back in September, but reports then claimed the automaker was working closely with chipmaker AMD to test the tech, which both companies denied. SEE ALSO: Elon Musk totally didn't invent Bitcoin, you guys Musk said at the event that Tesla thinks the project will result in a chip that will be the "best in the world," according to the report. The … [Read more...] about Elon Musk confirms Tesla will use its own self-driving AI chips
Tesla's Model S, in its most luxurious, P100D variety, officially has a 337-mile range. But if you drive very, very carefully, you can extend that by more than two hundred miles, as recently shown by two Tesla enthusiasts. SEE ALSO: Tesla's Model X gets the first perfect SUV crash rating The practice is called hypermiling, and it involves driving in such a way as to achieve the biggest possible range on one fuel tank or charge. This usually means driving slowly, not using air conditioning, and even trying to get tail wind on your side to squeeze that extra mile of range. Steven Peeters and Joeri Cools took a slightly different approach than usual, though. As explained in a blog post, unearthed by Electrek, the two took a Tesla Model S P100D to a closed, 16-mile loop in Belgium, and simply drove around in circles for nearly 24 hours until the battery said: enough. As a result, the two enthusiasts drove their Tesla 560 miles or 901.2 kilometers on a single … [Read more...] about Tesla Model S goes a record 560 miles on a single charge, Elon Musk is not impressed
It feels good to be the hero, and for the driver that exposed his Tesla (and himself) to danger in order to save another driver, it won't even be very costly. According to Muenchner Merkur (via Jalopnik), 41-year-old Manfred Kick was driving his Tesla Model S when he noticed a man in a Volkswagen driving erratically on the Autobahn near Munich, Germany. When Kick realized the man was unconscious, he pulled in front of the Volkswagen and slowly braked until both cars came to a stop. He then entered the Volkswagen and gave the man first aid, while some people who stopped called emergency services. The man, who appeared to have suffered a stroke, was taken to the hospital and is stable, the German police said Tuesday. SEE ALSO: Tesla Model S P100D just hit a ridiculous record in new speed test The feel-good story would potentially end with a large damage bill for the Tesla driver — there's a total of 10,000 euros in combined damage, according to Jalopnik — … [Read more...] about Guy sacrifices Tesla to save unconscious driver, Elon Musk offers to cover repair costs
Tesla's Autopilot feature is often mentioned in the context of the vehicle driving itself, but it's actually much more of an assistance for the driver — and in certain situations, it can save you from an imminent crash. That's what happened to Model S driver Joshua Brown, whose car automatically moved out of the way of a truck that nearly collided with the Tesla. SEE ALSO: Is the Tesla Model 3 hype for real? Brown posted a YouTube video of the incident and described it. "I was driving down the interstate and you can see the boom lift truck in question on the left side of the screen on a joining interstate road. Once the roads merged, the truck tried to get to the exit ramp on the right and never saw my Tesla. I actually wasn't watching that direction and Tessy (the name of my car) was on duty with autopilot engaged. I became aware of the danger when Tessy alerted me with the 'immediately take over' warning chime and the car swerving to the right to avoid the side … [Read more...] about Tesla autopilot saves driver from collision, Elon Musk approves