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Tag: Elon

Coronavirus: Elon Musk vows to move Tesla factory in lockdown row

Coronavirus: Elon Musk vows to move Tesla factory in lockdown row

Business
Billionaire Tesla boss Elon Musk has said he will move the electric carmaker's headquarters out of California, after he was ordered to keep its only US vehicle plant closed."Tesla will now move its HQ and future programs to Texas/Nevada immediately," the CEO tweeted.The company is filing a lawsuit against Alameda County, he added.The county's health department had refused to let the Tesla factory reopen on Friday, citing lockdown measures. According to figures from John's Hopkins University, 2,632 people in California have died with coronavirus.Since 23 March, all but "basic operations" have been suspended at Tesla's Fremont plant, near San Francisco, because of "shelter in place" orders enacted ...
Elon Musk tweet wipes $14bn off Tesla’s value

Elon Musk tweet wipes $14bn off Tesla’s value

Business
Tesla boss Elon Musk wiped $ 14bn (£11bn) off the carmaker's value after tweeting its share price was too high.It also knocked $ 3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company."Tesla stock price too high imo," he said, one of several tweets that included a vow to sell his possessions.In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining the company $ 20m and Mr Musk agreeing to have all further posts on the platform pre-screened by lawyers.'Headache'On Friday, the Wall Street Journal reported it had asked the billionaire if he was joking a
Attorney suggests $190 million damages in Elon Musk lawsuit

Attorney suggests $190 million damages in Elon Musk lawsuit

Technology
A Los Angeles jury has found Elon Musk did not defame a British cave explorer when he called him “pedo guy” in an angry tweetBy BRIAN MELLEY Associated PressDecember 7, 2019, 3:02 AM5 min read Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him “pedo guy” in an angry tweet. Vernon Unsworth, who participated in the rescue of 12 boys and their soccer coach trapped for weeks in a Thailand cave last year, had sought $ 190 million in damages for the shame and humiliation caused by the man his lawyer called a “billionaire bully." It took less than an hour for an eight-person jury in Los Angeles federal court to reject Unsworth's claim after a four-day trial. Musk said the verdict restored his faith i
Elon Musk ‘pedo guy’ defamation trial to begin

Elon Musk ‘pedo guy’ defamation trial to begin

Technology
Tesla boss Elon Musk is due to take the stand in a Los Angeles court and face the British diving specialist he accused of being a paedophile.Vern Unsworth was among the team credited with co-ordinating the July 2018 rescue of 12 boys trapped in a flooded cave in Thailand. Mr Musk, in a now-deleted tweet, described Mr Unsworth as a “pedo guy”. The entrepreneur gave no evidence to support the comment. He is being sued for defamation. Lawyers representing Mr Unsworth have described Mr Musk’s tweets as “vile and false”. The British diver is seeking punitive and compensatory damages.Email to reporterThe outburst last year appeared to be in response to comments made by Mr Unsworth in an interview on CNN, in which he criticised Mr Musk’
Elon Musk reveals why Cybertruck window smashed

Elon Musk reveals why Cybertruck window smashed

Technology
Media playback is unsupported on your device Elon Musk has revealed why the windows of Tesla's Cybertruck broke during an embarrassing launch incident. He blamed the mishap on the order in which a demonstration had taken place.The vehicle was first struck with a sledgehammer in what appeared to be a successful demonstration of its armour body's strength.But this had caused an unseen crack, Mr Musk revealed, which had subsequently led to the windows smashing when they had been hit with a steel ball.The futuristic vehicle was unveiled on Thursday in Hawthorne, California, where its stainless steel, angular design drew a mixed response from the audience. Responding to a fan on Twitter, Mr Musk said the incident could have been easily avoided. Th...