Business News Daimler Elon Musk Tesla 

Elon Musk Unfazed by Daimler’s EV Push, but Should He Be? – CCN.com

Another super-heavyweight car manufacturer is entering the EV ring, as Daimler announces plans to focus on battery-powered engines rather than gasoline. Tesla CEO Elon Musk congratulated the company on their decision, despite the fact an armada of electric Mercedes is undoubtedly on its way to saturate an increasingly crowded marketplace. Elon Musk Upbeat Despite Prospect of More Mercedes EVs The trend away from gasoline among German automakers is growing increasingly clear. Audi has already promised 12 fully electric vehicles by 2025, but Daimler, the parent company of luxury brand Mercedes,…

Read More
Elon Musk folksam Op-ed Tesla 

Tesla Banned from ‘Safest Cars’ List for the Stupidest Reason – CCN.com

Tesla was banned from Swedish insurance company Folksam’s “safest cars” list for the stupidest reason: They don’t crash enough. Seriously. | Source: REUTERS / Amanda Voisard If Tesla wants to be considered one of the safest car-makers on the road, they need to crash more. Folksam, a Swedish insurance company, released their annual study on the safest cars in their country, and the electric car company was notably omitted. Apparently, Folksam requires vehicles to get into a certain number of accidents to qualify. The insurance company says they only recorded…

Read More
Elon Musk Tesla Tesla Solar U.S. Business News 

Elon Musk Insists Tesla Solar Is ‘Guaranteed Instant Money Printer’ – CCN Markets

Elon Musk insists that Tesla solar panels and roofs are “unequivocally a guaranteed instant money printer,” despite the recent fires they reportedly caused. | Source: (i) Reuters (ii) AP (iii) Shutterstock ; Edited by CCN Elon Musk insists that Tesla solar panels and roofs are “unequivocally a guaranteed instant money printer” despite the recent fires they allegedly caused. Musk tweeted that Tesla Solar can save you $300 to $1,000 a year off your utility bills. For the remainder of September, Tesla is also waiving its $1,500 solar removal fee. Musk…

Read More
Elon Musk Porsche Taycan Tesla U.S. Business News 

Elon Musk’s Ego Pits Tesla Versus Porsche at the Ring – CCN Markets

Tesla CEO Elon Musk has challenged Porsche at the iconic Nürburgring. | Source: Photo by Frederic J. BROWN / AFP Elon Musk loves a contest. The Tesla CEO has been all worked up over Porsche’s Taycan Turbo, the German automobile manufacturer’s first production electric car. Um @Porsche, this word Turbo does not mean what you think it does — Elon Musk (@elonmusk) September 5, 2019 But Elon Musk seems to be taking things a bit too far now. He wants to prove the worth of the Tesla Model S by…

Read More
Elon Musk Tesla U.S. Business News 

Elon Musk Gets Roasted after Half-Baked Tesla Full Self-Driving Fail

Tesla CEO Elon Musk Isn’t particularly known for delivering on promises in time and the internet had a field day with the latest delay.| Source: REUTERS/Mike Blake By CCN Markets: Just when it seemed like things are getting back on track for Elon Musk and Tesla, the South African billionaire has shot himself in the foot once again with yet another unfulfilled promise. Musk was supposed to hike the price of Tesla’s full self-driving (FSD) package from August 16 with a James Bond-like upgrade to summon your car, but it…

Read More
Elon Musk SpaceX U.S. Business News 

Elon Musk Reveals Alternative to ‘Nuke Mars’ Using SpaceX Satellites

Elon Musk has a better idea than “Nuke Mars” to make the planet hospitable, this time using SpaceX satellites to reflect sunlight. | Photo by Mark RALSTON / AFP By CCN Markets: Elon Musk has leaked more of his plans to make Mars habitable. The SpaceX boss tweeted an alternative idea to warm the red planet’s inhospitable surface via the use of reflective satellites. While the “Nuke Mars” slogan has been attracting a lot of attention, these latest ideas demonstrate just how seriously Musk is taking this project. Might make…

Read More
Elon Musk Tesla U.S. Business News 

Tesla’s ‘Dog Mode’ Malfunctions, Placing Elon Musk in Hot Seat Again

Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla cars after a customer complained that it almost killed his pooch. | Source: REUTERS/Mike Blake Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla electric cars after a customer complained that it almost killed his pet. Musk was alerted to the problem on Twitter by bitcoin investor Rahul Sood, the CEO of e-sports blockchain betting platform Unikrn. As CCN reported, Unikrn is an esports company backed by tech billionaire Mark Cuban. Tesla unveiled Dog Mode in February…

Read More
Elon Musk Jack Dorsey Op-ed U.S. Business News 

Elon Musk Could Learn a Thing or Two from Jack Dorsey

Elon Musk and Jack Dorsey have a lot in common. Both are genius tech entrepreneurs and both are at the helm of multiple companies – Twitter and Square for Dorsey and Tesla, The Boring Company, and SpaceX for Musk. But only two out of three publicly traded companies named are beating the S&P 500, while the other has shed one-fifth of its value. Spoiler alert: The company that’s not doing so hot in the stock market is Elon Musk’s Tesla. Key Man Syndrome So with so much in common, what…

Read More
Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Quarterly Loss Surprises No One, Stock Rightfully Tanks

To the surprise of nobody, Tesla reported a loss this past quarter along with a ton of cash burn. Let’s look at the headline numbers and then parse why this is another disaster for Tesla, no matter what the bulls say. Ugly Numbers Tesla lost $1.12 per share versus the expected loss of $0.31 per share. That means a loss of $408 million in the quarter on revenue of $6.3 billion, which is about $200 million below expectations. A positive surprise was that free cash flow was $614 million. Elon…

Read More
Elon Musk Mark Cuban microsoft U.S. Business News 

Billionaire Mark Cuban Preps US for a Future Dominated by AI

Artificial Intelligence will not be stopped, and the smartest guys in the room know it. Billionaire Mark Cuban, of Shark Tank and Dallas Mavericks fame, is starting to focus his resources on this transformational technology. Cuban teamed up with Microsoft and Walmart to create a program that will give coming generations a head start on the rise of AI. The Mark Cuban Foundation created an “AI Bootcamp” which aims to give Dallas public school students knowledge and experience working with the latest tech, according to a blog post published today….

Read More