Everyone is familiar with Elon Musk the Entrepreneur, but what about Musk the Investor? In this article, we will look at how Musk has funded his ventures and managed his personal angel investments over his career, clever tactics that he has applied, and lessons learned from his experiences.
Tesla‘s stock neared an all-time high of $389.61 Tueday after the company announced plans to go private.
The stock was halted for roughly 90 minutes before the news was announced.
CEO Elon Musk bemoaned the pains of being public, like quarterly earnings reports, in a blog post.
Shares originally surged 7% in trading following a tweet from Musk hinting at the plans. After trading resumed, they climbed more than 11%. Follow Tesla’s stock price in real-time here.
Shares of Tesla surged by as much as 12% on Tuesday, nearing a new record high of $389.61, after the company said it will attempt to go private pending a shareholder vote.
A British diver involved in the Thai cave rescue mission has indicated he could sue Elon Musk for defamatory comments.
Musk called the diver a “pedo” on Sunday before later deleting his tweet.
The insult came after Unsworth criticized the “kid-sized sub” that the CEO of Tesla, SpaceX, and The Boring Company delivered to Thailand as being a “PR stunt.”
“It’s not finished,” Unsworth told Australian media on Monday, adding Musk’s insult meant “people realise what kind of guy he is.”
A British diver involved in the Thai cave rescue has said he is considering suing Elon Musk for describing him as a “pedo”.
Tesla CEO Elon Musk has drawn criticism from some of his fans for donations he made to a Republican political committee.
Musk donated $38,900 last month to Protect the House, a committee dedicated to preserving the Republican majority in the US House of Representatives, according to government records.
While denying the characterization that he was a top Republican donor, Musk didn’t deny that he made the donations.
The contributions aren’t unusual for Musk, who has donated to both parties.
Elon Musk may have alienated some of his liberal fans with a donation to a conservative cause.
Richard Branson thinks the US and Europe should start giving citizens free cash.
He’s a supporter of universal basic income — a living wage provided by a nation’s government to all its people.
“I think with artificial intelligence coming along, there needs to be a basic income,” Branson told the New York Times on Saturday.
Richard Branson is an advocate of universal basic income.
Tesla and Elon Musk have made several bold decisions over the past few years that have created major, costly problems for the company.
Musk could have chosen a more modest approach for Tesla.
If he had, Tesla could be thriving now, but at a smaller scale.
It would be an understatement of the highest order to say that Tesla has been in any way boring for the past 12 months. What we’re dealing with here is basically a total war on numerous fronts, ranging from automobile manufacturing to experiments in robotics to financial speculation to 21st-century media relations.
The whole combative saga lurches from violence to truce to melée to retreat, often in the same day, and usually in the same week. CEO Elon Musk is smack in the middle of it, taunting short-selling hedge funds one minute and rallying the troops the next, retiring to his giant tent in the parking lot of his factory in California for a few hours of sleep before blasting out some tweets and then starting all over again.See the rest of the story at Business Insider
Elon Musk bought about $25 million worth of Tesla stock this week.
His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
It could be a signal to employees and Wall Street that he’s still optimistic about the future of Tesla.
Tesla pulled out all the stops in the final week of June to meet its goal of making 5,000 Model 3 vehicles in a week, according to employees who spoke to Reuters.
An employee said the company borrowed workers from the Model S production line to avoid pausing Model 3 production.
CEO Elon Musk paced the Model 3 line, snapping at his engineers when the around-the-clock production slowed or stopped due to problems with robots, one worker said.
Some employees are worried the frenetic pace plus long hours could burn out workers.
A tense and short-tempered Chief Executive Elon Musk barked at engineers on the Fremont, California assembly line. Tesla pulled workers from other departments to keep pumping out the Model 3 electric sedans, disrupting production of the Model S and X lines. And weekend shifts were mandatory.