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Posts tagged 'Tesla'
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.
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
Apple is recruiting experts in automotive technology and vehicle design to work at a new top-secret research lab, said several people familiar with the company, pointing to ambitions that go beyond the dashboard.
The problem with the theory, aside from Tesla’s mere $25bn market capitalisation, is that nobody really needs to buy Tesla. Might someone? Sure, but a glance at the company’s history shows just how little cash it took to build. Read more
How to tell that serious investors are yet to take the Morgan Stanley robot car wonderland seriously? Insurance companies still have value.
The point is this: where we’re going we’ll still need roads, but there won’t be (much) call for car insurance.
Moreover, insurers are going to be the agents of their own demise. They have no choice, the logic of robots is just too compelling, and the process has already begun. Read more
Quite the week for Tesla Motors, which jumped 14 per cent on Tuesday after Morgan Stanley auto analyst Adam Jonas penned a financial love letter that dreamt of a robot car utopia powered by Tesla battery packs.
The analyst’s target price went to $320, from $153. It comes after Elon Musk told Bloomberg TV that he had conversations with Apple, but another boost to the valuation ahead of any stock based capital raising to fund the battery “Gigafactory” can’t hurt.
Incidentally, who was it who asked about a possible capital raise on Tesla’s conference call last week? Read more
Remember when bashing Tesla was all the fashion? When Elon Musk had to defend himself from shorters and haters on a daily basis? When free-market types cursed the company’s dependence on government subsidies and rent-seeking, and considered it a market abomination? When even the most optimistic analysts couldn’t make the share-price valuation work?
Well, it’s amazing what a year and another Tony Stark movie can do. Read more
A couple of years ago we had the privilege of attending a closed door session with a well known (former) spook/security type. We shan’t mention exactly who it was, but suffice to say the person in question seemed to know more about what’s what in the world of global security than anyone else doing the public speaking rounds these days.
It was a so-called “access event”, the sort where wealth managers pay organisers to connect them with those who know much more about what’s going on than they do.
The spook in question made clear that he could only comment in a private capacity and in very general terms, but he was nevertheless open to questions. Read more
Tesla stock seems to be flying on a SpaceX shuttle mission to Mars at the moment: