Tag: The Boring Company
Tesla email reveals two employees have tested positive for COVID-19
Two Tesla employees, who had been working at home for nearly two weeks, have tested positive for COVID-19, according to an internal email sent Thursday morning by the company’s head of environmental, health, and safety department and viewed by TechCrunch . The employees were not symptomatic in the office, and…
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County deems Tesla a ‘non-essential’ business during shelter-in-place order
Tesla is not an essential business according to the Alameda County Sheriff, a declaration that could force the automaker to shutter some of its operations in the county under a shelter in-place directive that was ordered because of the global spread of COVID-19, a disease caused by coronavirus. The county,…
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SpaceX’s spin-outs are helping build LA’s startup ecosystem
During the days when Snapchat’s popularity was booming, investors thought the company would become the anchor for a new Los Angeles technology scene. Snapchat, they hoped, would spin-off entrepreneurs and angel investors who would reinvest in the local ecosystem and create new companies that would in turn foster more wealth,…
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Tesla is going back to the markets to raise more than $2B through stock offering
Tesla said Thursday it plans to raise more than $2 billion through a common stock offering and will use the funds to strengthen its balance sheet and for general corporate purposes, despite signaling just two weeks ago that it would not seek to raise more cash. Tesla CEO Elon Musk…
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