Why Elon Musk Could Use Some Steve Jobs-Like Wizardry to Fix Tesla

This should be a happy time for Tesla. After recently confounding critics by breaking its quarterly record for vehicle deliveries in Q2 2019, its share price rocketed over seven percent, closing the day just over four percent higher. After a miserable quarter plagued with boardroom infighting, resignations, missed delivery targets, lukewarm sales, safety scandals, lawsuits […] The post Why Elon Musk Could Use Some Steve Jobs-Like Wizardry to Fix Tesla appeared first on CCN Markets

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Elon Musk Ratchets Up Space War with Bezos, Targets $300M for SpaceX

SpaceX can’t seem to get enough capital for its lofty ambitions. Elon Musk’s commercial space company is raising money for the third time this year. CNBC reported that SpaceX in the latest fundraising round seeks to raise $314.2 million at a price of $214 a share. Luckily for Elon Musk, private investors can’t get enough […] The post Elon Musk Ratchets Up Space War with Bezos, Targets $300M for SpaceX appeared first on CCN Markets

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Dogecoin Hits the Big Leagues: Elon Musk’s Favorite Cryptocurrency Now Listed by Huobi

Veteran exchange Huobi announced today that it would be listing three pairs for Dogecoin: DOGE/BTC, DOGE/ETH, and DOGE/USDT. When Moon? Dogecoin recently experienced a significant pump but has corrected on its BTC peg in the interim. The limitless supply cryptocurrency created by Jackson Palmer in 2014 has historically ranged between 50 and 100 Satoshis per coin, sometimes reaching as high as 2-300. The currency is widely traded and used in many places that also accept Bitcoin, Litecoin, and Ethereum, including gambling sites and payment processors. Notably, it is one of…

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Tesla Shares Drop after Mediocre Model Y Reveal

Tesla’s Model Y reveal, led to a mostly unimpressed audience and unenthused investors. Does the largely hype-less response show a market well-addressed or indicate declining interest? A definite sign in shareholder interest is the TSLA share price decline following the announcement. Tesla expects to see a rise in demand for the Model Y of at least 50% over the model 3—or at least, Musk expects the spike in demand. But what makes him so sure it will come? One thing which may clue him in: Tesla’s E-SUV, the model X,…

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There’s a $1.6 Billion Problem with Elon Musk’s Plan to Close Tesla Stores

In a complete reversal, Tesla revealed that it would work to move all sales online, just a year after touting the expansion of Tesla stores and galleries. Tesla Backtracks on Retail Store Expansion The 2017 annual report published in February 2018 read: “Our Tesla stores and galleries are highly visible, premium outlets in major metropolitan markets, some of which combine retail sales and service. We have also found that opening a service center in a new geographic area can increase demand. As a result, we have complemented our store strategy…

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Tesla’s Entire Board Sued over Elon Musk’s Trigger-Happy Twitter Thumbs

Billionaire Elon Musk and all 11 members of Tesla’s board of directors have been named in a shareholder lawsuit claiming the Tesla CEO’s “unchecked misstatements on Twitter” have harmed the company. The lawsuit was filed March 8 in the Delaware Court of Chancery by the Laborers’ District Council and Contractors’ Pension Fund of Ohio, a Tesla shareholder. The plaintiffs seek a declaratory judgment and a permanent injunction against Musk over “his unchecked use of Twitter to make inaccurate statements about the company.” They are also pursuing an unspecified amount in…

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Will Alleged Model 3 Design Flaw Sink Tesla Stock?

It seems that Tesla just can’t catch a break. Following charges from the Security and Exchange Commission (SEC) that could force Elon Musk to temporarily step down as CEO, the company’s vehicles are allegedly having more than a little trouble staying clean. A Glitch in the Tesla System A design flaw may be causing debris to become trapped in the vehicles’ underbody panels. Auto shop owner Eric Bolduc has commented that he’s found dirt, water, and sand in the back of every Tesla Model 3 he’s worked on, removing as…

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Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter

Elon Musk, the acclaimed founder and CEO of Tesla and SpaceX, recently reached out to Dogecoin creator and Adobe product lead Jackson Palmer to eliminate Ethereum giveaway scammers on Twitter. For many months, ETH giveaway scams have plagued Twitter by spamming messages on the feed of public figures in and outside of the crypto sector The post Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter appeared first on CCN

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