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Private mess: Elon Musk’s credibility goes from bad to worse

The bizarre story began August 7 when Elon Musk tweeted he was considering taking the company private and that funding had been secured for the deal.
Tesla and The Boring Company founder Elon Musk at the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California.(AFP Photo)
Tesla and The Boring Company founder Elon Musk at the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California.(AFP Photo)
Updated on Aug 26, 2018 12:46 PM IST
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Detroit | ByAssociated Press

Elon Musk announces Tesla will remain a public company, says it’s the ‘better path’

Elon Musk met with Tesla’s board of directors on Thursday “and let them know that I believe the better path is for Tesla to remain public.
Tesla CEO Elon Musk listens to US President Donald Trump speak during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC.(AFP File Photo)
Tesla CEO Elon Musk listens to US President Donald Trump speak during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC.(AFP File Photo)
Updated on Aug 25, 2018 03:09 PM IST
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ByBloomberg

Elon Musk hires Morgan Stanley to help take Tesla private

Morgan Stanley is advising Elon Musk, not Tesla, its board or a special board committee formed to evaluate a potential take-private proposal, the source said.
Tesla Motors Inc chief executive Elon Musk pauses during a news conference in Tokyo.(Reuters Photo)
Tesla Motors Inc chief executive Elon Musk pauses during a news conference in Tokyo.(Reuters Photo)
Updated on Aug 24, 2018 12:07 PM IST
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ByBloomberg

Apple or Google should take over Tesla

Now, as Tesla struggles with its cash balances, extremely negative press, and Elon Musk’s erratic tweets, it is at another crossroad and, in order to reach its potential, needs a strategic partner. It may not make sense for it to continue as a public company.
Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla(Reuters)
Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla(Reuters)
Updated on Aug 22, 2018 01:05 PM IST
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ByVivek Wadhwa

Tesla’s board is on the lookout for senior talent, but not so much a COO

In an interview with the New York Times, a tearful Musk admitted to being sleep deprived and under enormous stress, adding that that no one had seen or reviewed the tweet before he posted it while driving himself to the airport.
Questions have arisen about Chief Executive Officer Elon Musk’s well being, judgment and ability to juggle multiple companies in the wake of his Aug. 7 tweet that he was “considering taking the company private at $420 a share. Funding secured.”(AFP Photo)
Questions have arisen about Chief Executive Officer Elon Musk’s well being, judgment and ability to juggle multiple companies in the wake of his Aug. 7 tweet that he was “considering taking the company private at $420 a share. Funding secured.”(AFP Photo)
Updated on Aug 18, 2018 02:18 PM IST
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Bloomberg | ByDana Hull

Remove Musk as CEO or appoint a No. 2: Experts suggest Tesla board as company stocks go down

“It’s kind of bizarre,” said Charles Elson, director of the corporate governance centre at the University of Delaware. “It’s a drama we shouldn’t be watching.”
Elon Musk’s erratic behaviour was front and centre again this week as the CEO of Tesla conceded that he’s overwhelmed by job stress, pushing his electric car company’s stock down and bringing pressure on its board to take action.(Reuters Photo)
Elon Musk’s erratic behaviour was front and centre again this week as the CEO of Tesla conceded that he’s overwhelmed by job stress, pushing his electric car company’s stock down and bringing pressure on its board to take action.(Reuters Photo)
Updated on Aug 18, 2018 08:23 AM IST
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Associated Press | ByAssociated Press

Tearful Elon Musk tells newspaper he’s cracking under stress of Tesla job

Tesla CEO Elon Musk said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep.
Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, said that exhaustion was affecting his personal health and that friends have come by “who are really concerned.”(Reuters)
Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, said that exhaustion was affecting his personal health and that friends have come by “who are really concerned.”(Reuters)
Published on Aug 17, 2018 08:57 PM IST
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Associated Press | ByAssociated Press

Elon Musk says Silver Lake, Goldman advising on taking Tesla private

A source said Silver Lake was offering its assistance to Musk without compensation and had not been hired as a financial adviser in an official capacity.
File photo of Tesla Inc chief executive Elon Musk.(AFP photo)
File photo of Tesla Inc chief executive Elon Musk.(AFP photo)
Updated on Aug 14, 2018 08:45 AM IST
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Reuters | ByReuters

Tesla’s slow disclosure raises governance, social media concerns

In a surprise move, Elon Musk last Tuesday announced to take his electric car maker company Tesla private in a potential $72 billion transaction.
Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014.(Reuters)
Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014.(Reuters)
Updated on Aug 13, 2018 12:21 PM IST
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Reuters | ByReuters

Elon Musk, Tesla sued by investors over ‘nuclear attack’ of ‘fraud’ tweets on going-private proposal

The lawsuits claim Elon Musk’s and Tesla’s conduct over the proposal to take the electric car private artificially inflated Tesla’s stock price and violated federal securities laws.
Tesla Motors Inc chief executive Elon Musk(Reuters File Photo)
Tesla Motors Inc chief executive Elon Musk(Reuters File Photo)
Updated on Aug 11, 2018 11:25 AM IST
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Reuters | By

Elon Musk’s $82 billion gambit to silence Tesla critics

To take Tesla private, Musk would have to pull off the largest leveraged buyout in history, surpassing Texas electric utility TXU’s in 2007.
2018 Model 3 sedan sits next to a Model X on display outside a Tesla showroom in Littleton, Colo.(AP Photo)
2018 Model 3 sedan sits next to a Model X on display outside a Tesla showroom in Littleton, Colo.(AP Photo)
Updated on Aug 08, 2018 09:54 PM IST
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Bloomberg | ByDana Hull and Claire Boston

Elon Musk wants Tesla to go private at $420 per share

Musk, who owns approximately 20% of Tesla at the moment, said he aims to structure the company in such a way so that all shareholders have a choice.
FILE PHOTO: Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, U.S., November 16, 2017.(REUTERS File Photo)
FILE PHOTO: Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, U.S., November 16, 2017.(REUTERS File Photo)
Updated on Aug 08, 2018 11:34 AM IST
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Indo Asian News Service, San Francisco | ByIndo Asian News Service

Elon Musk tweets video parody of Hitler ‘shorting Tesla stock’

Tesla last week reported better margins on the Model 3 in the second quarter, as well as a lower cash-burn rate.
Tesla Motors CEO Elon Musk(AFP File Photo)
Tesla Motors CEO Elon Musk(AFP File Photo)
Updated on Aug 06, 2018 03:45 PM IST
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ByBloomberg

Weaponised AI is a clear and present danger

The US has admitted that its drones attack targets whose identities are unknown. That’s where AI comes in. The US doesn’t have deep human intelligence sources in Yemen, so it relies heavily on massive sweeps of signals data. AI processes this data – and throws up red flags in a targeting algorithm.
Academics sometimes say that the field of AI and machine learning is in its adolescence. If that’s the case, it’s an adolescent we’ve given the power to influence our news, to hire and fire people, and even kill them.(Getty Images/iStockphoto)
Academics sometimes say that the field of AI and machine learning is in its adolescence. If that’s the case, it’s an adolescent we’ve given the power to influence our news, to hire and fire people, and even kill them.(Getty Images/iStockphoto)
Published on Jul 21, 2018 05:53 PM IST
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ByCori Crider

Elon Musk apologises to British caver for ‘pedo’ slur

Tesla CEO Elon Musk issued the apology on Wednesday to Vernon Unsworth, who worked on the rescue of the “Wild Boars” football team and had ridiculed Musk’s plan to recover the trapped group using a miniature submarine.
Musk’s extraordinary tirade against Unsworth was widely condemned, raising concerns over the entrepreneur’s leadership following a series of previous social media attacks on Wall Street analysts, journalists and employees.(REUTERS File Photo)
Musk’s extraordinary tirade against Unsworth was widely condemned, raising concerns over the entrepreneur’s leadership following a series of previous social media attacks on Wall Street analysts, journalists and employees.(REUTERS File Photo)
Updated on Jul 18, 2018 01:54 PM IST
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Agence France-Presse, Washington | ByAgence France-Presse

Elon Musk’s ‘pedo guy’ comment may have knocked $2 billion off Tesla’s market value

A number of analysts and investors said Elon Musk’s comments are adding to their concerns that his public statements are distracting him from Tesla’s main business of producing electric cars.
Elon Musk speaks at a Boring Company community meeting in Bel Air, Los Angeles, California, US.(Reuters File Photo)
Elon Musk speaks at a Boring Company community meeting in Bel Air, Los Angeles, California, US.(Reuters File Photo)
Updated on Jul 17, 2018 08:02 AM IST
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Reuters | ByReuters

Elon Musk calls Thai cave rescuer a paedophile, may face legal action

Elon Musk attacked Vernon Unsworth on Twitter after the cave explorer dismissed his rescue plan as a “PR stunt”.
Musk had earlier provoked condemnation after tweeting that the Thai rescue chief, who had declined the submarine prototype offer, was not really in charge of the operation.(AFP File)
Musk had earlier provoked condemnation after tweeting that the Thai rescue chief, who had declined the submarine prototype offer, was not really in charge of the operation.(AFP File)
Updated on Jul 16, 2018 01:25 PM IST
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New Delhi | ByHT Correspondent

Thai cave rescue: Australian divers were given diplomatic immunity in case mission failed

Anaesthetist Richard Harris and his diving partner Craig Challen became a part of the rescue operation after negotiations between Australian and Thai authorities accorded them diplomatic immunity to protect them from possible prosecution if anything went awry during the rescue.
Rescue personnel carrying a member of the
Rescue personnel carrying a member of the "Wild Boars" on a stretcher during the rescue operation inside the Tham Luang cave in Khun Nam Nang Non Forest Park in Mae Sai district, Thailand.(AFP/ Royal Thai Navy)
Updated on Jul 16, 2018 05:50 PM IST
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Agence France-Presse, Sydney | By

Tesla’s new attendance policy: Punch a minute late for some days and you may get fired

Tesla’s new attendance policy rolled out on July 1 comes weeks after the electric vehicle maker announced plans to reduce its salaried workforce by at least nine per cent, or about 4,000 workers
This file picture taken on July 4, 2018 shows a man visiting a Tesla showroom in Beijing.(AFP File Photo)
This file picture taken on July 4, 2018 shows a man visiting a Tesla showroom in Beijing.(AFP File Photo)
Updated on Jul 14, 2018 07:31 PM IST
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San Francisco | ByIndo Asian News Service

Thai cave rescue: ‘Everyone is safe’ after daring rescue mission

The gruelling 18-day ordeal that claimed the life of an experienced diver and riveted people worldwide finally ended on Tuesday, with the 12 boys and their soccer coach being rescued from the flooded cave in Thailand.
Volunteers celebrate at a makeshift press centre in Mae Sai district of Chiang Rai province on July 10, 2018, after the twelve boys and their football coach were rescued.(AFP/Ye Aung THU)
Volunteers celebrate at a makeshift press centre in Mae Sai district of Chiang Rai province on July 10, 2018, after the twelve boys and their football coach were rescued.(AFP/Ye Aung THU)
Updated on Jul 11, 2018 10:08 AM IST
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Associated Press | By

Elon Musk to visit Shanghai after US-China trade war upsets Tesla plan

Elon Musk’s Tesla has been working on setting up a production facility in China for more than a year.
Elon Musk, CEO of SpaceX and Tesla, speaks during the International Space Station Research and Development Conference at the Omni Shoreham Hotel in Washington.(AFP)
Elon Musk, CEO of SpaceX and Tesla, speaks during the International Space Station Research and Development Conference at the Omni Shoreham Hotel in Washington.(AFP)
Updated on Jul 10, 2018 11:25 AM IST
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Bloomberg News | By

Elon Musk visits Thailand with mini-sub, offers to help rescue trapped boys

There is no indication so far that Thai rescuers plan to use Elon Musk’s prototype.
A device by Elon Musk's SpaceX and The Boring Company, designed to help rescue the remaining members of a soccer team trapped in a flooded cave in Chiang Rai, Thailand, is being tested in a swimming pool in Los Angeles, California, US.(Twitter @elonmusk/via REUTERS)
A device by Elon Musk's SpaceX and The Boring Company, designed to help rescue the remaining members of a soccer team trapped in a flooded cave in Chiang Rai, Thailand, is being tested in a swimming pool in Los Angeles, California, US.(Twitter @elonmusk/via REUTERS)
Updated on Jul 10, 2018 09:14 AM IST
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Washington | ByAFP

Elon Musk tweets demo of mini-submarine to rescue Thai cave boys

After pitching ideas of installing a giant air tube inside the cave complex and using his firm’s penetrating radar to dig holes to reach the boys, American tech entrepreneur Elon Musk’s latest concept is the pod.
An accompanying video of people testing the submarine in a swimming pool in Los Angeles that was posted by Musk on Sunday night attracted more than 3.1 million views in 10 hours.(Elon Musk Twitter)
An accompanying video of people testing the submarine in a swimming pool in Los Angeles that was posted by Musk on Sunday night attracted more than 3.1 million views in 10 hours.(Elon Musk Twitter)
Updated on Jul 09, 2018 03:09 PM IST
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Agence France-Presse | By

Thai cave rescue enters day two, eight schoolboys still stranded

Thailand has been fixated on the crisis, hoping desperately for the safe return of the boys, aged from 11 to 16, and their 25-year-old coach, since they became trapped in the Tham Luang cave complex on June 23 because of rising waters.
In this undated photo released by Royal Thai Navy on July 7, 2018, Thai rescue teams arrange water pumping system at the entrance to a flooded cave complex where 12 boys and their soccer coach have been trapped since June 23, in Mae Sai, Chiang Rai province, northern Thailand.(Royal Thai Navy via AP)
In this undated photo released by Royal Thai Navy on July 7, 2018, Thai rescue teams arrange water pumping system at the entrance to a flooded cave complex where 12 boys and their soccer coach have been trapped since June 23, in Mae Sai, Chiang Rai province, northern Thailand.(Royal Thai Navy via AP)
Updated on Jul 09, 2018 12:47 PM IST
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Agence France-Presse | By

Elon Musk sends team of engineers to help rescue boys trapped in Thailand cave

Elon Musk said he was sending teams from his private space exploration firm SpaceX and the engineering firm Boring Co. which is developing tunneling systems for transportation projects.
Elon Musk arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. The Gala raises money for the Metropolitan Museum of Art’s Costume Institute. The Gala's 2018 theme is “Heavenly Bodies: Fashion and the Catholic Imagination.” / AFP PHOTO / ANGELA WEISS(AFP File Photo)
Elon Musk arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. The Gala raises money for the Metropolitan Museum of Art’s Costume Institute. The Gala's 2018 theme is “Heavenly Bodies: Fashion and the Catholic Imagination.” / AFP PHOTO / ANGELA WEISS(AFP File Photo)
Updated on Jul 06, 2018 10:33 PM IST
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Washington | ByAgence France-Presse

Japanese space rocket MOMO-2 crashes seconds after launch

<p>Interstellar Technologies, founded by popular internet service provider Livedoor's creator Takafumi Horie, launched the unmanned rocket, MOMO-2, from a test site in Taiki. The outlandish, Ferrari-driving Horie -- who helped drive Japan's shift to an information-based economy in the late 1990s and the early 2000s but later spent nearly two years in jail for accounting fraud -- founded Interstellar in 2013. However, privately backed efforts to explore space from Japan have so far failed to compete with the government-run Japan Aerospace Exploration Agency.</p>

Interstellar Technologies, founded by popular internet service provider Livedoor's creator Takafumi Horie, launched the unmanned rocket, MOMO-2, from a test site in Taiki. The outlandish, Ferrari-driving Horie -- who helped drive Japan's shift to an information-based economy in the late 1990s and the early 2000s but later spent nearly two years in jail for accounting fraud -- founded Interstellar in 2013. However, privately backed efforts to explore space from Japan have so far failed to compete with the government-run Japan Aerospace Exploration Agency.

Updated on Jun 30, 2018 07:30 PM IST
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Elon Musk says Tesla hit by ‘extensive sabotage’ by employee, asks workers to ‘be alert’

The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in a memo sent to employees late Sunday.
“Please be on the alert for anything that’s not in the best interests of our company”, Musk said in an email to employees.(AFP Photo)
“Please be on the alert for anything that’s not in the best interests of our company”, Musk said in an email to employees.(AFP Photo)
Updated on Jun 19, 2018 11:23 AM IST
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Bloomberg | ByDana Hull and Josh Eidelson

Elon Musk’s Tesla lays off thousands of employees in cost-cutting measure

In an email he said had been sent to staff, billionaire chief executive Elon Musk said on Tuesday that the cuts were part of a simplification of Tesla’s management structure promised last month.
Electric-carmaker Tesla Motors announced June 12, 2018 it cut nine percent of its workforce to enhance profitability, but said the move would not affect an ambitious production ramp-up of its Model 3 sedan.(AFP Photo)
Electric-carmaker Tesla Motors announced June 12, 2018 it cut nine percent of its workforce to enhance profitability, but said the move would not affect an ambitious production ramp-up of its Model 3 sedan.(AFP Photo)
Updated on Jun 13, 2018 02:08 PM IST
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Reuters | ByReuters

Silicon Valley needs to wake up to the dark side of its inventions

The problems won’t solve themselves; policy makers and academics don’t understand enough to take the lead. The creators of the technologies must lead the discussions on ethics, regulations, and controls.
An employment web site advertises to job seekers on Highway 101 leading from Silicon Valley to San Fransisco(Getty Images)
An employment web site advertises to job seekers on Highway 101 leading from Silicon Valley to San Fransisco(Getty Images)
Updated on Jun 09, 2018 04:29 PM IST
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ByVivek Wadhwa

‘Back from the dead’, Malala jokes with Elon Musk about Tesla crashing on her

Nobel laureate Malala Yousafzai and Tesla boss Elon Musk’s “other-worldly” brief exchange on Twitter kept the micro-blogging site abuzz with reactions on Friday.
Elon Musk is known for his tongue-in-cheek comments on Twitter.(Reuters)
Elon Musk is known for his tongue-in-cheek comments on Twitter.(Reuters)
Updated on Jun 01, 2018 07:28 PM IST
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ByHT Correspondent
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