Category: hyperloop
Tesla shares fall on Elon Musk “stock price too high” tweet
Tesla CEO Elon Musk tweeted Friday that the company’s stock price was “too high” in his opinion, immediately sending shares into a free fall and in possible violation of an agreement reached with the U.S. Securities and Exchange Commission last year. Tesla shares fell nearly 12% in the half hour…
Read More
Tesla to reduce price of standard range Model 3 in China
Tesla said it will reduce the price of its standard range Model 3 vehicle in China to meet the government’s new eligibility requirements for subsidies. This marks the second time this year that the automaker has reduced the price. Several months ago, the base version of China-made Model 3 was…
Read More
Tesla pushes Tesla Semi deliveries to 2021
Tesla is pushing back plans to produce and deliver its all-electric Class 8 until 2021, the company said in its quarter earnings report Wednesday. The move puts the Tesla Semi two years behind the automaker’s previous target. “We are shifting our first Tesla Semi deliveries to 2021,” the company said…
Read More
Elon Musk provides more details about SpaceX’s plan to reduce Starlink satellite visibility
During a virtual conference briefing this week, SpaceX founder and CEO Elon Musk provided more details about a new plan that his company has to mitigate the impact of their Starlink satellite constellation on night sky observation. Musk first revealed the intent to build a “sun visor” to lower their…
Read More
SpaceX’s latest Starship prototype passes a key test that puts it on track for a first flight
SpaceX has been developing its next-generation Starship rocket for some time now, but the large-scale prototypes it’s building in Boca Chica, Texas, have thus far always encountered a fatal error during an important part of testing called “cryo” – or filling the fuel tank to full pressure in conditions that…
Read More
Tesla’s newest board member has a long stance against short selling
Tesla has added Hiromichi Mizuno as a new member to its board of directors and audit committee — the former chief investment officer of Japan’s $1.5 trillion pension fund and a longtime opponent of common market practices like short selling. With Mizuno’s appointment the Tesla board now has 10 members,…
Read More