‘Elon’ Tagged Posts

Stories point out that Tesla has been subpoenaed over Elon Musk’s tweets

The lengthy week for Tesla is getting even longer as the corporate has now been subpoenaed by the Securities and Trade Fee, in line with a number of...

 

The lengthy week for Tesla is getting even longer as the corporate has now been subpoenaed by the Securities and Trade Fee, in line with a number of stories.

First reported by the Fox Enterprise Community and confirmed by The New York Occasions, federal regulators seem like excited about Elon Musk’s August 7 tweet concerning his plans for privatizing the electrical automotive producer and his claims to have discovered traders dedicated to finance the transaction.

From later statements it has turn into clear that Musk had not really secured financing, and has solely had preliminary talks with traders.

Federal securities regulators have served Tesla with a subpoena, in line with an individual aware of the investigation, growing strain on the electrical automotive firm, because it offers with the fallout from a number of current actions by its chief government, Elon Musk.

For Musk, the ill-advised tweet was both a drug-induced little bit of foolishness or a short-sighted try to deal with the hordes of short-sellers who’ve swarmed over the inventory, angling to make hundreds of thousands of off of any perceived misfortune out there.

Tesla declined to remark for this text.

Based on the Occasions, regulators have been excited about Tesla even earlier than Musk started his erratic tweeting. They have been already questioning Tesla whistleblower Martin Tripp (in line with the Occasions), who has claimed that the corporate knowingly manufactured batteries with punctured holes, which may impression a whole bunch of vehicles; misled the general public in regards to the variety of Mannequin 3s really being produced by as a lot as 44 p.c; and lowered car specs so the corporate may use waste and scrap materials in autos.

Whereas Tripp’s allegations are explosive sufficient, they’re now being overshadowed by the present drama over Musk’s tweets, which despatched the inventory value of his firm hovering.

Whereas Tesla has now retained Goldman Sachs to rearrange financing for a privatization, on the time of Musk’s tweets final week, no financing had been secured.

That might land the serial entrepreneur in a whole lot of sizzling water.

Elon Musk says SpaceX is engaged on a kid-size submarine to extract these boys in Thailand

 

Over the past couple of days, serial entrepreneur Elon Musk has been tweeting about find out how to probably assist the 12 younger soccer gamers and their coach who’ve been trapped in a collapse Thailand since coming into it June 23rd, after which they turned trapped by rising floodwaters.

Now, suggests Musk, working with cave specialists in Thailand, Musk and engineers from his rocket firm, SpaceX, have selected the “main path” to try to releasing the group: a “tiny, kid-size submarine” that makes use of the “liquid oxygen switch tube” of SpaceX’s Falcon rocket as hull.

It’s “[l]ight sufficient to be carried by two divers, sufficiently small to get via slim gaps. Extraordinarily sturdy,” Musk tweeted a few hours in the past, including that development on the automobile will likely be “full in about eight hours” after which will probably be despatched on a 17-hour flight to Thailand. (SpaceX is predicated in Hawthorne, California, exterior of L.A.)

Whether or not the creation is made and shipped out stays to be seen, however Musk instructed on Twitter that it might be “[f]itted for a child or small grownup to attenuate open air” with “[s]egmented compartments to position rocks or dive weights” and “alter buoyancy.”

Musk had tweeted final evening that each SpaceX and his a lot newer, tunnel boring firm, Boring Firm, could be sending engineers to Thailand at the moment to see how they may assist.

If SpaceX is ready to create an escape pod that works, Musk — who enjoys a sort of cult standing within the enterprise world for constructing superior merchandise in difficult, capital-intensive industries — will solely additional burnish his fame as a sort of Tony Stark determine. Certainly, his Twitter feed is presently crammed with adoring feedback referring to his curiosity in rescuing the soccer group.

It’s a frightening problem. As reported within the New York Instances, the cave advanced has by no means been totally mapped and it options  totally different waterways that don’t look like straight linked. Rescue makes an attempt have already led to 1 fatality, that of former Thai Navy SEAL diver Saman Gunan, who introduced tanks of air to the boys and their coach, then misplaced consciousness in one among its passageways on his swim out of the advanced.

Replace: The unique model of this story included a brief reference to a contest that Musk is not concerned in. Due to a reader for flagging this for us.