Billionaire entrepreneur Elon Musk has broken ground on an underground tunnel he plans to burrow beneath the city of Los Angeles to spare himself from having to sit in traffic. He’s also about to purchase a large earth drilling machine to continue the tunnel, which was started on his companies’ properties in Hawthorne, CA, according to a person familiar with his thinking.
Category: Tesla Motors
Teslaa s Elon Musk confesses reaction to his Trump role is getting him a downa
Tesla CEO Elon Musk listens to President Donald Trump speak during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC, on January 23, 2017. / AFP / NICHOLAS KAMM and SpaceX need government incentives and contracts; Trump can hold up Musk’s businesses as examples of U.S. job creation.
Elon Musk Floated the Idea of a Carbon Tax to Trump, an Official Says
President Donald Trump meets with business leaders including Elon Musk, left, in the Roosevelt Room at the White House in Washington on Jan. 23, 2017. Tesla Motors Inc. founder Elon Musk is pressing the Trump administration to adopt a tax on carbon emissions, raising the issue directly with President Donald Trump and U.S. business leaders at a White House meeting Monday regarding manufacturing.
Why This Analyst Raised General Motors’ Price Target
There hasn’t been a long list of analysts posting bullish notes on major automakers over the past year, due to the inevitable peaking of the U.S. new-vehicle cycle after the industry set sales records each of the past seven years. That’s why yesterday’s upgrade from Morgan Stanley analyst Adam Jonas, a highly respected analyst and longtime Tesla Motors bull, was a pleasant surprise for investors.
Should NVIDIA Corporation Be Scared of Samsung’s Automotive Potential?
The company has been focusing on emerging trends such as autonomous cars by partnering with the likes of Tesla Motors to deploy its self-driving technology, powered by deep learning and artificial intelligence. Due to its progress in the automotive sector, revenue from this business increased more than 60% year-over-year during the most recently reported quarter.
Sigh of Relief for Self-Driving Cars as Tesla Cleared in Probe
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The U.S. National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the side of a truck in May had ignored the manufacturer’s warnings to maintain control even while using the driver-assist function.
My 3 Biggest Stock Holdings in 2017
With 2017 underway, these three companies account for a larger portion of my portfolio than any other investments: Walt Disney . Here’s aquick overview of why I’m betting on these three companies — and what I consider to be their biggest risks.
France’s Economy Minister Visits Tesla in Bid to Woo Musk
France is setting out to entice Tesla Motors Inc., boasting the country’s anti-pollution stance and incentives for consumers to go electric. France’s Economy Minister Michel Sapin is due to tour the company’s production site Friday in Fremont, California, to argue that if Tesla is going to expand, it should do so in France, a ministry spokeswoman said.
Toyota Plans Years of Building Cars Largely Controlled by Humans
Toyota Motor Corp. plans to spend years designing cars in which humans retain a large measure of control, since the goal of turning all driving decisions over to computers seems too dangerous for now. The problem, Toyota said Wednesday, is that society has come to accept 39,000 traffic fatalities a year in the U.S., mostly due to human error, but would never tolerate similar carnage involving cars controlled by computers.
The Simple Reason I Won’t Buy Tesla Motors Stock
Tesla CEO Elon Musk. Image source: OnInnovation via Flickr. Copyright 2010 The Henry Ford.
Tesla Shrugs Off Delivery Miss as Investors Focus on Model 3
The automaker produced record deliveries in 2016 but fell short of estimates. Bulls and bears alike are more focused on Tesla’s forthcoming more affordable sedan The market on Wednesday shrugged off Tesla Motors ‘ failure to meet its 2016 delivery goals, a fresh reminder that little in the near term matters as bulls and bears alike await the automaker’s Model 3 debut.
Ford’s Truck Hybridization Trumps Mexico and Tesla: Gadfly
On its first day back from the holidays, America’s auto industry began with a Mexican standoff and ended with Tesla just being off. Ford Motor Co.
Tesla Rolling Out Autopilot Software Updates to 1,000 Cars
Tesla Motors Inc. began rolling out software updates to customers with newer cars, bringing them to parity with owners who have what’s known as “Autopilot 1” and setting the stage to ultimately unleash full self-driving capability. “HW2 Autopilot software uploading to 1,000 cars this eve.
The Big Strategic Shift Coming to the Solar Industry in 2017
The solar industry has been through a lot of strategic changes over the past decade as cell manufacturers moved to making panels, panel manufacturers started building power plants, and power plant companies began moving into financing. In many ways, vertical integration was the name of the game.
Tesla Makes Reno a Critical Stop on Way to Las Vegas and CES
As far as Tesla’s concerned, what’s happening in Las Vegas can stay in Las Vegas. The real action is some 400 dusty miles northwest, across the state in Reno.
Tesla, Panasonic to Begin Solar Panel Production in New York
Tesla Motors Inc. and Panasonic Corp. completed work on an agreement to begin manufacturing solar cells and modules at Tesla’s factory in Buffalo, New York, eventually bringing some 1,400 jobs to the region. Production will begin this summer, with the factory’s output capacity expanding to 1 gigawatt by 2019, the companies said in a statement Tuesday.
Tesla Raises U.K. Prices After Brexit Vote
One of the world’s most devoted gearhead clubs is about to get a little pricier in the U.K. as a result of the country’s vote to leave the European Union. Tesla Motors will increase prices in the U.K. by 5% in 2017, a move attributed to the falling pound and described as “due to currency fluctuations,” a company spokeswoman said.