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…
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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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Musk: “It’s Possible” Tesla Would Buy Shuttered GM Factories

Tesla CEO Elon Musk said in a TV interview that “it’s possible” that his company would buy several General Motors factories that the company has slated to close.

Last month, GM announced plans to close five plants in Ohio, Maryland, Michigan and Ontario in 2019. Additionally, the automaker said it would cut its workforce by 15% and discontinue some of its models.

The move was the company’s biggest reorganization since filing for bankruptcy in 2009, which ended in a bailout by U.S. and Canadian taxpayers. Part of that restructuring included more of a focus on electric cars, news that Musk celebrated in the interview with 60 Minutes.

“The whole point of Tesla is to celebrate the advent of electric vehicles and sustainable transport, try to help the environment, we think its the most serious problem that humanity faces,” Musk said.

If Musk makes good on his statement, it wouldn’t be the first time his company has taken over facilities after closures by other companies–nor the first time the company would take over a plant used by GM.

Tesla’s factory in Fremont, Calif. was previously a Nummi plant, jointly owned by Toyota and General Motors, which at its peak produced more than 350,00 vehicles annually. After GM declared bankruptcy in 2009 and Toyota sold its stake, Tesla bought the plant in 2010 for $ 42 million.

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In true Musk fashion, Boring Company test tunnel opening pushed back a week

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Long criticized for his time management skills, billionaire inventor Elon Musk is once again behind schedule on a major project.

This time it’s the underground Hawthorne test tunnel for The Boring Company’s high-speed transit system underneath Los Angeles. A big public opening experience was scheduled for Tuesday, but a company spokesperson emailed over a new date set for Dec. 18.

Musk tweeted about the delay, expertly spinning it as an improved event that just needs a bit more attention and time to pull off. He promised “more than a tunnel opening” with autonomous transport cars and car elevators. Maybe something like the elevator approved for under a Hawthorne home the company purchased? Guess we’ll find out later this month. Read more…

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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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U.S. judge approves SEC settlement with Tesla, Musk; shares jump

A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.


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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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