Mr. Elon Musk, our Chief Executive Officer, Product Architect and Chairman of our Board of Directors, has indicated his preliminary interest in purchasing up to an aggregate of 83,974 shares of our common stock in this offering at the public offering price for an aggregate purchase price of approximately $20 million.
Tesla Motors, the loss making manufacturer of electric cars, has announced plans to sell an additional 2.1m shares to its investors, to raise $0.5bn in cash. Read more
Elon Musk isn’t just an eccentric visionary with a penchant for Bond-villain scale thinking, he’s a branded cult phenomenon. The man is known for thinking absolutely anything is possible provided enough hard work and belief are thrown at it.
Hyper loops? Check. Manned missions to Mars? Check. AI annihilation? Check. If Elon can dream it, he can make it happen.
But there are those who never bought the Musk hype. Read more
When it comes to the actual financing (versus engineering) of Elon Musk’s Hyperloop, one of the first things you notice is wow, $6bn is really cheap for a new transportation technology. Though you’re not quite sure how.
Later you notice a line in Musk’s paper that the Hyperloop route — a 35-minute hop between Los Angeles to San Francisco — “must respect existing structures”. And then another: “Route: Follows I-5 to minimize land/right of way purchase costs.”
And then it clicks. Read more
The plans for Elon Musk’s much hyped hyperloop concept, which is supposed to radically reduce the travel time between Los Angeles and San Francisco, and create a fifth mode of transport after planes, trains, cars and boats, have finally been revealed: Read more
This has been the breakout performance of electric car maker Tesla in the last month or so:
Cars and motoring are not really FT Alphaville’s specialty. But we do love public spats.
The current one running between Tesla and SpaceX founder Elon Musk and John Broder of the New York Times is particularly engaging. It regards Broder’s test-drive of the Tesla Model S and his subsequent rubbishing of the experience in an article that claimed the electric car ran out of battery early and generally failed to perform in cold weather. Read more