TagTesla

Elon Musk’s Tesla Autopilot Engineers Mash the Eject Button

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elon musk, tesla autopilot engineers leave

A day after Elon Musk suggested that auto-driving Tesla cars might not be sold to the public and could instead be hawked as robotaxis, a report dropped revealing that in recent weeks nearly a dozen Tesla Autopilot engineers had already hit the eject button. You can’t make this stuff up. Tesla Engineers: We’ll Drive Ourselves Home As many as 11 individuals on Tesla’s software Autopilot team...

Google’s Waymo Readies Self-Driving in California, in Blow to Tesla

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waymo, tesla

Earlier this week, Waymo received approval to carry passengers in its self-driving cars in California, according to a report in Business Insider. This is a huge milestone for the self-driving company, which aims to completely robotize the ride-hailing system and make self-driving cars the norm. It is also a flashing warning for Tesla, as this often overlooked company which is backed by the...

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

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steve jobs, 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 and an ex-employee who...

Venture Capitalist Gushes Over Tesla, Says Elon Musk ‘Walks on Water’

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elon musk

With all the grief he gets from Wall Street, Elon Musk needs all the friends he can get. Bruce Croxton, the co-founder of Ontario-based venture capital firm Round 13 Capital, described Tesla CEO Elon Musk as “the GOAT of entrepreneurs” who “walks on water” as far as he is concerned. In a chat with BNN Bloomberg’s Jon Erlichman, Croxton revealed that where others see the maverick Tesla boss as a...

Tesla’s ‘Turning Point’ Matches the Hubris of Elon Musk

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Elon Musk, Tesla stock

Controversial Tesla CEO Elon Musk has finally enjoyed a public relations victory to match his brazen and often caustic public persona. Tesla (TSLA) stock was at one point up more than seven percent during yesterday’s holiday-shortened trading session as the company set new delivery and production records. TSLA closed at $234.90 for a gain of 4.61%. Tesla Is Setting Records & Wowing...

Tesla Bigwigs Keep Jumping Ship Despite Elon Musk’s Record Quarter

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Elon Musk, Tesla

Tesla stock has been in turnaround mode after Elon Musk delivered on his bold claim of achieving a “record” quarter. But all is not well in Tesla-land as executive departures continue to mount at an alarming rate. Scoop: Tesla's VP of interior & exterior engineering, Steve MacManus, is out. He's (at least) the third executive to leave $TSLA in a week. — Graham Rapier (@g_rapier)...

Elon Musk Takes Victory Lap as Tesla Smashes Delivery Record

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elon musk

In a stunning comeback for Elon Musk’s Tesla, the electric car manufacturer broke its record for car deliveries last quarter. With 95,200 cars delivered (more than 4,200 more than markets expected), Tesla stock (TSLA) was skyrocketing in after-hours trading, up more than 7%. Congratulations Tesla team & thanks to all the new Tesla owners!! ♥️♥️ — E (@elonmusk) July 2, 2019 Bears Have...

Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered

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July 1 has the unfortunate distinction of being the 16th birthday of the world’s most controversial car maker, Tesla Motors. Given the insanity of Elon Musk, it’s a wonder Tesla made it this far. Or rather, perhaps it’s because of the insanity of Elon Musk that Tesla is still around. Tesla: How Not to Run a Car Company Granted, it isn’t easy launching a car company. Yet Elon Musk has run Tesla in...

Tesla & Apple Stock Blast Higher as Trade War Thaws

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apple stock, tesla stock

Tesla stock and Apple stock are on the move, thanks to positive developments regarding the tariff war with China. A Slight Thaw in The Trade War During the G20 meeting, President Donald Trump met with Chinese President Xi Jinping. Little was expected from the meeting, but the leaders surprised the world by announcing a temporary truce on trade. The US softened its restrictions on Huawei’s US...

Tesla Is Secretly Building Its Own Battery Cells, but Is Musk Overreaching?

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elon musk

There is no doubt that Elon Musk is a visionary man with ambitions that may or may not materialize in the long run. The Tesla CEO has his hands full with ventures in space, on Earth, and even below the ground. Now it looks like he is on his way to add another feather to his cap: batteries. Tesla has a secret lab trying to build its own battery cells to reduce dependence on Panasonic — CNBC...

Tesla Stock Shorters Think Elon Musk is Bluffing

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elon musk, tesla stock

Tesla has a problem. Short sellers are piling into the stock despite CEO Elon Musk’s claims at a recent shareholder meeting that the electric vehicle maker could deliver a “record quarter at every level.” Ihor Dusaniwsky, the managing director of financial analytics firm S3 Partners, points out that nearly 35% of Tesla stock’s float is short. The short float is worth a whopping $10.2 billion...

Cult of Elon Musk: Groupies Help $40 Billion Tesla Hit Q2 Target

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elon musk groupies help tesla meet delivery target

If there was any doubt regarding the ability of Elon Musk to mesmerize his groupies, just look at the Tesla Owners Silicon Valley group. These starry-eyed Tesla owners are actually volunteering to help the EV giant – a $40 billion for-profit company – achieve its end-of-quarter delivery targets. Donuts for Overworked Tesla Employees In the case of the Silicon Valley group, these Tesla...

Tesla Suffers Blow After Analyst Warns Demand ‘Likely Not Sustainable’

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tesla

By CCN Markets: Goldman Sachs analyst David Tamberrino delivered some ugly thoughts about Tesla’s stock, and it relates the sustainability of demand. There is a lot of that going around. Tesla’s annual revenue: 2019: $25.0 billion*2018: $21.5 billion2017: $11.8 billion 2016: $7.0 billion2015: $4.1 billion 2014: $3.2 billion2013: $2.0 billion2012: $413 million2011: $204 million2010: $117...

Tesla’s Stock Has Surged 22% on This $2 Trillion Market Opportunity

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tesla

By CCN Markets: Tesla’s stock is making a fast and furious comeback in June. That’s good news for shareholders after TSLA spent the first half of 2019 suffering crippling losses. Now the famed electric automaker’s stock is on the rebound. The stock is up 22% for the month. Does Wall Street Have Tesla’s Stock All Wrong? Tesla’s massive losses have led investors to...

Tesla Could Miss Model 3 Delivery Targets. Here’s Why It’s Not Shocking

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elon musk

By CCN Markets: After Elon Musk announced that he was cracking the whip on Tesla employees to hit unrealistic quarterly delivery targets, a document leak suggests that target will not be met, according to Business Insider. This comes as a surprise to nobody. Overpromising and Under-Delivering, as Usual After boasting that Tesla would deliver 90,000 cars in the quarter, Elon Musk has backed...

Tesla Stock Mysteriously Jumps after Elon Musk Tweets to ‘Delete Twitter’

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Elon Musk, Tesla, Tesla stock

By CCN Markets: Skepticism was the response on Monday as news spread that Elon Musk had deleted his Twitter account. The problem is the account of the Tesla and SpaceX CEO still appeared active some 18 hours later. On CNBC’s Fast Money Monday, analysts discussed Musk’s move possibly being the result of market forces rather than Musk’s own decision. As you know, Musk has gotten into some serious...

Elon Musk Turns ‘Daddy DotCom’ to Delete Twitter Account Over Backlash

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Elon Musk, Tesla

By CCN Markets: What could possibly bring the U.S. Securities and Exchange Commission together? Elon Musk it seems! Late Sunday, the tech billionaire posted a tweet saying ‘just deleted my Twitter account’. This came after an intense weekend during which Musk was heavily criticized for posting an image created by an anime artist without giving due credit. However, it was not clear whether Musk...

Tesla Bull Says Stock Will Rise 133% by This Time Next Year

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By CCN Markets: Despite the performance of Tesla’s stock this year, there’s no shortage of TSLA bulls. Even though the stock has lost around 25% of its market cap year-to-date, Alexander Haissl of Berenberg told CNBC he is looking for a price target of $500. The stock is currently hovering at $214. “We maintain our bullish view on Tesla and see no reason to walk away from our...

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

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Tesla charging station

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at . Return...

Elon Musk Wants Teslas to Be Fun with Games, Says Self Driving Is Hard

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elon musk

By CCN Markets: Elon Musk never said that self-driving was going to be easy. The Tesla CEO was featured in an interview at the 2019 Electronic Entertainment Expo with Geoff Keighley and video game designer Todd Howard in Los Angeles. Musk confronted everything from games inside Tesla vehicles to space travel to the speed of light. He didn’t shy away from the topic of self-driving, even...

Tesla Stock Dumps Because the Market Is Calling Elon Musk’s Bluff

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elon musk, tesla stock

By CCN Markets: Tesla has given investors a torrid time on the stock market so far this year. Shares of the Elon Musk-led company have crashed close to 37% so far in 2019 even though the billionaire CEO has been trying hard to pump the stock through his wild claims. Somehow, Tesla stock started picking up some momentum heading into the company’s annual shareholder meeting. Elon Musk made another...

Tesla’s Stock Could Follow in Footsteps of a High-Flying Tech Play: Analyst

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tesla and Netflix

By CCN Markets: On CNBC, analyst Eddie Yoon of a think tank called “EddieWouldGrow” overlaid a chart of Netflix from 2011-13 onto Tesla’s chart since January. Gosh, those charts look so similar. Maybe Tesla’s stock will do the same thing as Netflix’s stock and make a huge comeback. Unfortunately, that’s not how it usually works. Cherry-Picking Chart Patterns There are tens of...

Tesla Stock Should be Slashed 50% with Elon Musk to Blame, Rips Analyst

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By CCN Markets: Tesla stock is wildly over-valued and should be cut in half, according to Robert Medd of Bucephalus Research. Despite falling 35 percent in 2019 already, Medd believes Tesla stock has much further to crash. According to an interview with CNBC, he said Elon Musk is to blame for misleading investors over demand and failing to pay bills. “[Elon Musk] talks about selling lots of cars...

Elon Musk Once Believed Tesla Would Fail. He Was Almost Right

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Elon Musk

By CCN: There are two ways to catch a con man like Tesla’s Elon Musk: look at his previous statements and look at his current statements. The obvious lies are the current ones. The juicier and more damning ones are things said or thought years ago that come to light. Elon Musk Admits He Once Expected Tesla to Fail Elon Musk told an unofficial Tesla podcast: “I was actually always fairly...

Bitcoin’s Popularity Beats Trump, Tesla, & Kim Kardashian on Google

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bitcoin, Trump, Tesla, Kardashian

By CCN: Bitcoin might be uncorrelated to the stock market, but searches for the top cryptocurrency are highly correlated with that of Kim Kardashian. ConsenSys points out the similarities in a recent blog post in which it compares the popularity of the biggest cryptocurrency with pop culture, politics, and corporate America. Bitcoin’s impressive bull run in 2019 has put it back on the radar...

Tesla Bear Slams Elon Musk’s Cars as Poorly Made with Limited Popularity

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tesla showroom

By CCN: Short seller Jim Chanos has criticized the quality of the cars leaving Tesla plants, reportedly saying they are “poorly made.” The Tesla bear, who profited handsomely from shorting Enron in 2001, also claimed the electric vehicle company’s products are mainly popular with those living on the U.S. coasts, according to Yahoo Finance. In Chanos’ view, Tesla’s direct sales...

Tesla Insider Picks Worst Possible Time for Stock Dump, Loses $1 Million

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tesla stock, tsla

By CCN: Tesla stock is enjoying a roaring rebound this week. After months of slumping, Tesla is finally revving up. TSLA shares are nearly five percent higher this afternoon and have soared more than 15 percent from the recent bottom. One key Tesla insider is not enjoying the ride, however. That’s because Tesla Director Antonio Gracias dumped nearly all his TSLA stock at the height of the...

Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.

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Elon Musk, Tesla stock

By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla’s 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehicles in May, which was 2.6 times the combined total of all competitors’ offering. That’s all well and good, and probably why...

Tesla Rakes Billions From GM & Fiat Chrysler to Fund Secret Cash Stash

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Tesla, Fiat Chrysler, GM

By CCN: Tesla reportedly funds itself by selling credits to traditional auto manufacturers. Tesla sells fewer units, which are more efficient by lightyears, so it has excess government credits to sell, which other members of the industry, including GM lap up. Will Tesla Turn It Around? For years, Tesla has behaved more like a Silicon Valley company than an automaker. They don’t come to mind when...

Elon Musk is A Charlatan And Tesla Stock Is Worthless, Rips Analyst

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Tesla, Elon Musk

By CCN: Tesla finally broke its losing streak. The stock surged eight percent on Tuesday. Even with the huge bounce, Tesla stock is still under fire. Shares remain under $200 and near their lowest levels since 2014. That would have been inconceivable last year, when Tesla was supposed to be bought out at $420 per share. And, one analyst says things are about to get a whole lot worse. Blaine...

Bullish Uber Analyst Isn’t Worried that Tesla Will Steal Robotaxi Thunder

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Uber, Tesla

By CCN: BITG’s Managing Director Walter Piecyk has attached a bullish buy rating and $80 price target to Uber’s stock. Uber’s quiet period has ended, in response to which Wall Street analysts are expected to flood the market with research. BITG’s Piecyk expects the company to introduce autonomous vehicles in the next half-decade, jumpstarting revenue and overshadowing rival...

Tesla Stock Leads Nasdaq Rally – 2 Factors Supercharging the Recovery

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tesla stock, nasdaq, elon musk

By CCN: As major US stocks mount a massive comeback following Fed Chair Jerome Powell’s dovish comments, the Nasdaq is roaring into recovery mode. Curiously, the tech stock leading the march higher is the much-maligned Tesla (TSLA), up more than 7% on the day. 2 Factors Powering Tesla Stock’s Recovery It is no secret that Tesla and Elon Musk have been battered by a relentless storm of...

Elon Musk Jumps the Shark, Again, Promising the Tesla Roadster Will Fly

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Elon Musk

By CCN: Elon Musk is like clockwork. On a regular basis, as bad news hits Tesla or SpaceX, the tech entrepreneur pulls a rabbit out of a hat. This usually takes the form of some carnivalesque new product that will neither make it past a prototype nor see the promised release date. This past weekend, Elon Musk bestowed upon us a new detail about the upcoming Tesla Roadster and it was a doozy. In...

Elon Musk Debunks Viral Report That He Is Wildly Overpaid as Tesla CEO

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Elon Musk, Tesla

By CCN: Last week, we learned that Elon Musk was the highest-paid CEO in America in 2018. And it wasn’t even close. Musk scored a jaw-dropping $2.3 billion in compensation, outstripping the next 65 corporate executives combined. With that sort of income, Musk should be on pace to topple Jeff Bezos on the rich list, especially since the latter just lost 25% of his Amazon stock in his divorce...

Elon Musk’s SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla

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spacex and tesla

By CCN: As markets close Friday, Elon Musk’s aerospace venture SpaceX is poised to eclipse his car company Tesla in market value for the first time. Tesla’s stock is trading down 1.5% at press time with a $33.01 billion market cap attached. According to CNBC, SpaceX is valued at $33.3 billion. Additionally, SpaceX will be worth more than Tesla for the first time if $TSLA closes below...

Tesla Stock: CNBC Laughably Suggests TSLA Will Surge 90%

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tesla stock, cnbc

By CCN: CNBC must really be hurting for content, or its owners must be long on Tesla stock. That’s the only explanation for Keris Lahiff’s sensationalist headline trumpeting, “Tesla rallied 90% the last time it suffered a pullback of this size.” Lahiff says: “…history suggests this might lead to a massive short-term rally. The stock roared 90% higher in the two months to April 2016...

Tesla & These Two Tech Stocks Are the Nasdaq’s Hidden Gems

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video tesla model 3 explodes twice

By CCN: The Nasdaq-100 Index may have topped out – for now – leaving big names such as Apple Inc (AAPL) and Amazon (AMZN) vulnerable to the fury of the bears. Nevertheless, not all stocks in the index have a bleak short-term outlook. Several tech giants have already suffered vicious corrections and now offer investors surprising upside. Tesla Inc. (TSLA), Nvidia Corp. (NDVA), and...

Barclays Slashes Tesla Target to $150 after Musk’s Unconvincing ‘Hyperbull’ Robotaxi Pitch

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Tesla, tesla stock

By CCN: The spate of bad news regarding Tesla seem to be unending. The electric car maker’s price target has now been trimmed by Barclays from $192 to $150, according to CNBC. Barclays argues that demand for Tesla’s products are either declining or stagnating. Specifically, the financial institution has stated that demand for Tesla’s mass-market car, the Model 3, is facing stagnation in the U.S...

Elon Musk Cracks Whip on Tesla Employees, Pushes Faster Deliveries

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Elon Musk, Tesla

By CCN: Tesla CEO Elon Musk unintentionally provided the stock market with some laughs Thursday, reportedly issuing a letter to employees demanding that the electric vehicle maker deliver cars faster. This comes as no surprise, as it seems it has dawned on Elon Musk that reality has caught up with his smoke and mirrors charade. Elon Musk’s Letter Disguises His Panic It is instructive to...

Nutty Professor Says Tesla’s Stock to Be Sub-$100 amid Likely Acquisition

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Tesla

By CCN: NYU Professor Scott Galloway presciently predicted Amazon’s acquisition of Whole Foods in 2017. He’s back., and now the professor reportedly believes that Tesla is in the crosshairs of being acquired as investor frustration mounts, saying in a recent podcast: “My prediction is within 12 months Tesla is sub $100 per share and it probably gets acquired because...

LA Rams QB Tries to Quit Tobacco – By Buying a $160,000 Tesla?

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Los Angeles Rams, Blake Bortles, Tesla, Elon Musk

By CCN: Elon Musk is laughing all the way to the bank, thanks to Los Angeles Rams backup quarterback Blake Bortles. Bortles signed with the LA Rams during the offseason and was determined to break his habit of using chewing tobacco, also known as “dip.” So he bought a Tesla. The $160,000 Quit Tobacco Method That’s Guaranteed to Fail Blake Bortles bought a $160,000 Tesla to quit dip...

5 Mysterious Announcements Tesla China Could Reveal This Friday

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Tesla, Tesla China, Tesla stock

By CCN: Tesla’s Chinese subsidiary has announced an event planned for Friday sparking speculation on what the electric car maker is up to in the world’s biggest auto market. The teaser was published on China’s social media platform Weibo and the event is set for Friday. Tesla China is teasing a May 31st event, not global, just China. What could it be? pic.twitter.com/8UPJgEU36Z — Kelvin...

Tim Draper Defends ‘Extraordinary People’ Elon Musk & Satoshi Nakamoto

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Tim Draper, Elon Musk, bitcoin

By CCN: Billionaires in Silicon Valley want Wall Street to stop picking on Elon Musk. The Tesla CEO has done more for innovation than most, and putting him down will only discourage other entrepreneurs from taking risks the way Elon did. Venture capitalist Tim Draper, who is also a member of the billionaire’s club, was featured on BNN Bloomberg where he defended the space travel genius and...

Elon Musk Bashes ‘Fool’s Errand’ Sensor Tech; Tesla Critics Clap Back

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Elon Musk

By CCN: Elon Musk and Tesla are betting big on self-driving cars. Musk’s critics, however, believe that his hatred for lidar (light detection and ranging) technology is misguided considering that these sensors are crucial to autonomous cars. Musk believes that the stock can soar to unseen heights once his grand plan to update Tesla cars with autonomous driving capabilities is set in motion...

Elon Musk Dismisses Tesla Toilet Paper Scoop as ‘Complete Nonsense’

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Elon Musk

By CCN: The big news of the day is that Elon Musk can afford toilet paper. The South African billionaire is aggressively cutting costs as Tesla’s stock continues to reel. Based on reports, it appeared that the Tesla CEO’s austerity measures didn’t spare the company’s washrooms. Tesla's new cost cutting-effort is going all the way down to toilet paper by @fredericlambert pic...

Tesla Perma-Bull Digs in Heels on Stock Price Prediction of at Least $560

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By CCN: Tesla’s stock is getting clobbered daily now that Wall Street has lost confidence in the ability of Elon Musk’s company to increase sales. But there’s one bull that’s swimming against the current, claiming that the market has got Tesla all wrong. Ark Invest’s Bold Tesla Stock Predictions Tesla bull Ark Invest reportedly holds a substantial stake in the electric vehicle maker...

Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary

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Elon Musk Tesla Salary

By CCN: Tesla CEO Elon Musk is bringing home the bacon. So much bacon that his peers will have to settle for the scraps. According to the latest New York Times compensation report, Musk was the highest paid chief executive of 2018. And it wasn’t even close. The polarizing entrepreneur pulled in a whopping $2.3 billion last year, overshadowing the next 65 contestants combined. Elon Musk...

‘Bitcoin Bernie’: Mike Novogratz Calls for Radical Weath Redistribution

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bernie sanders, mike novogratz, bitcoin

By CCN: These days, billionaire hedge fund titan Mike Novogratz is known more for his rabid Bitcoin pumping than his Wall Street wizardry. However, in a new CNBC interview, he channeled his inner Bernie Sanders to champion another of his passions: wealth redistribution. Novogratz, Bernie, & AOC Find Surprising Common Ground During an appearance on Squawk Box today, Novogratz commented on...

This FANG Stock Could Benefit from Tesla’s Pain in Autonomous Car Wars

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Google

By CCN: Now that the battery on Tesla’s stock is running on empty, investors might want to consider other options. Alphabet (GOOGL), which is the parent company of Google, could get a boost from Waymo, the search giant’s autonomous vehicle subsidiary. On CNBC’s Fast Money, Guy Adami gave the bullish case for Alphabet’s stock, saying: “Tesla’s woes...

Tesla Slashes Toilet Paper Usage as Stock Swirls in Crapper

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elon musk, tesla, toilet paper

By CCN: Tesla’s extreme cost-cutting measures have hit Tesla employees where the sun don’t shine. To keep costs low the electric vehicle company is holding back on purchases of new office supplies, including toilet paper for employee bathrooms. Elon Musk did mention this week that the budget cuts would be “quite hardcore.” Tesla Employees Bring Their Own Toilet Paper to...