Elon Musk’s SpaceX to cut 10% of staff amid ‘difficult challenges’

SpaceX is making 10% of its workforce redundant – with the tech company saying it needs to become “leaner” if it is to accomplish ambitious projects such as creating a spaceship that can carry astronauts to Mars.
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Elon Musk tweets: Tesla to stop selling lowest-priced versions of Model S and X vehicles on Monday

Elon Musk wrote in a tweet late on Wednesday that Tesla will stop selling the lowest-range versions of its Model S sedan and Model X SUVs on Monday.
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Elon Musk Hopes To Block Ex Grimes & Azealia Banks From Tweet Lawsuit Hearing

Elon Musk during 'Elon Musk Answers Your Questions!' at SXSW

Source: WENN.com / WENN

Elon Musk triggered a fraud investigation and a fine from the Securities Exchange Commission after he fired off a tweet that he was going to take his company Tesla public at $ 420 per share. At the time, the tweet was made with his ex-girlfriend Grimes and Azealia Banks in his presence and investors in a lawsuit against him with to subpoena the women but Musk’s legal team is hoping to block the move.

Bloomberg reports:

“It is readily apparent that this is more of an effort to sensationalize these proceedings than a legitimate attempt to preserve evidence,” attorney Dean Kristy said in a filing Thursday in federal court in San Francisco.

The Tesla shareholders say the former girlfriend, Canadian singer Claire Elise Boucher, also known as Grimes, may have first-hand knowledge about what Musk was thinking Aug. 7 when he shocked the world with a tweet: “Am considering taking Tesla private at $ 420. Funding secured.”

The investors claim Musk and Tesla manipulated the company’s share price. They allege Musk lied about funding to push the shares higher and ambush short sellers betting against the company.

The investors cite news media accounts placing Musk in the company of Boucher, and rapper Azealia Banks, around the time of the tweet. They contend it’s not unreasonable to subpoena Boucher and Banks to ensure the preservation of anything in writing that might be relevant to the lawsuit — Twitter and Instagram messages in particular.

Banks responded to news of the filing by Musk’s attorney, writing, “This is going to get extremely ugly” before deleting the post.

Photo: WENN

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Elon Musk scrambles to keep Grimes, Azealia Banks out of investor lawsuit

Elon Musk’s fateful “420” pot joke on Twitter is dogging him in court again. Tesla’s billionaire boss is scrambling to keep a pair of pop singers — his ex-girlfriend Grimes, as well as the rapper Azealia Banks — out of the legal mess created by his Aug. 7 tweet that claimed he had secured funding…
Technology News & Reviews | New York Post

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Elon Musk’s tax reimbursement plan zaps Tesla stock

Tesla’s stock slid nearly 8 percent on Christmas Eve after Chief Executive Elon Musk revealed a potentially costly plan to reimburse customers who miss a looming deadline for US tax credits on electric cars. Earlier this year, Tesla said orders for cars placed by Oct. 15 would be delivered by Dec. 31, the federal government’s…
Business | New York Post

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Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage

Tesla's legal battle with ex-employee Martin Tripp is turning even more acrimonious. The electric vehicle maker is now seeking $ 167 million in damages from the former process engineer, Nevada case filings reveal. 
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Elon Musk Hits Back At ‘60 Minutes’ On Twitter, Of Course

SAUL LOEB

When he was questioned about his use of Twitter in a 60 Minutes interview this week, Tesla founder and chief executive Elon Musk said: “I use my tweets to express myself. Some people use their hair. I use Twitter… Twitter’s a war zone. If somebody’s gonna jump in the warzone, it’s, like, ‘Okay, you’re in the arena. Let’s go!’”

So, they can’t say they weren’t warned.

Musk lived up to his word Tuesday morning, when he used Twitter to criticize the show, after CBS edited a clip from its interview with him to make it appear he had stated he didn’t want to be the carmaker’s chairman again.

Read more at The Daily Beast.

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Elon Musk says there’s a 70% chance he’s going to move to Mars

elon musk mars

Elon Musk wants humans to make it to Mars. With his company SpaceX at his back, he’s pushed forward with some incredibly bold claims about what is possible for mankind on the Red Planet. He’s shown off concepts for Mars settlements and even called out scientists who say climate engineering on the planet is impossible.

Now, in an interview with HBO’s Axios, Musk doubles down on one of the more off-the-wall claims he’s made during his years in the spotlight. Mars, he says, will be his eventual home, and he estimates his odds of moving to the planet at a generous 70%.

Continue reading…

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Elon Musk says there’s a 70% chance he’s going to move to Mars originally appeared on BGR.com on Tue, 27 Nov 2018 at 00:09:19 EDT. Please see our terms for use of feeds.


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Elon Musk’s pot-smoking video prompts NASA investigation

NASA has launched a safety probe into SpaceX and Boeing, which are under $ 6.8 billion contracts to fly its astronauts to space, because Elon Musk sipped whiskey on the rocks and smoked pot — legally — on a podcast, according to a new report. Officials at the space agency will hold hundreds of “pretty invasive”…
Business | New York Post

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Elon Musk denies being replaced by James Murdoch as Tesla chairman

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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 with the newspaper.

Musk remarked simply that the report was “incorrect” on Twitter.

This is incorrect

— Elon Musk (@elonmusk) October 10, 2018

The younger son of media mogul Rupert, Murdoch also serves as a director on Tesla’s board, where he has done so since 2017. Read more…

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Activist investor shares theory on Elon Musk’s eccentric behavior

Tesla Chief Executive Elon Musk has been making headlines for all the wrong reasons in the past few months, and one activist investor thinks it’s because he’s trying to sabotage his own job. Greenlight Capital’s David Einhorn, who has been shorting Tesla for some time, said in a poison-pen letter Friday to investors that the…
Technology News & Reviews | New York Post

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