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Category / Elon Musk

Tesla’s Gigafactory plans in China just moved forward in a big way

Back in July, Tesla announced it had signed a deal in China allowing it to build up to 500,000 vehicles a year there. Now Elon Musk’s company has acquired the land to build its manufacturing facility in Shanghai. The location of the Chinese Gigafactory was set as Shanghai because it has a free-trade zone, which...CONTINUE READING
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Tesla’s been in ‘production hell,’ but it finally hit 100,000 Model 3s sold — and in record time

Tesla is catching up. The electric car maker has been long struggling to keep up with car orders for its newest electric sedan, the Model 3, but this week it hit a major milestone: 100,000 of the cars produced. That number came in after barely a year and a half after Tesla started producing the...CONTINUE READING
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Elon Musk’s tequila is called ‘Teslaquila’, and he says it’s ‘coming soon’

You’ve had a long day. You and Joe Rogan smoked some weed, then you tweeted a bit, and now the SEC wants $20 million. SEE ALSO: Elon Musk has to pay $20 million to settle with the S.E.C. It’s time to relax. Sit back in your underground tunnel, and pour yourself a glass of Teslaquila,...CONTINUE READING
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Elon Musk denies being replaced by James Murdoch as Tesla chairman

Elon Musk denied he’ll be replaced by James Murdoch as Tesla’s chairman, an alleged shakeup that was the subject of rumors on Wednesday. Murdoch, who’s due to end his stint as 21st Century Fox’s CEO, was named in a Financial Times report as the lead candidate to succeed Musk, according to two sources who spoke...CONTINUE READING
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Elon Musk has to pay $20 million to settle with the S.E.C.

Elon Musk’s ill-advised weed humor is going to cost him $20 million dollars and his chairmanship of Tesla, in accordance with a settlement agreement Musk and Tesla made with the the U.S. Securities and Exchange Commission. SEE ALSO: Elon Musk sued by SEC for Tesla privatization tweet Musk accepted the settlement on Saturday, Sept. 29,...CONTINUE READING
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