Archive for the ‘Elon Musk’ Category

Elon Musk on double-decker freeways, permitting, and building sewers

November 11th, 2018
boring machine segments

Segments of The Boring Company's boring machine, called Godot. (credit: The Boring Company)

Tesla, SpaceX, and Boring Company CEO Elon Musk is good at finding alternative markets for his products. He did this with the lithium-ion batteries he was building and sourcing for his Model S, X, and eventually Model 3 cars: by developing a line of stationary storage battery products, he tapped into another well of potential customers at little additional expense.

Similarly, Musk told mayors on Thursday that he wants The Boring Company to dig sewers, water transport, and electrical tunnels under cities, in addition to the transportation-focused tunnels he hopes to dig to house electric skate systems.

Musk mentioned this alternate use for his boring machines at the National League of Cities' City Summit, during a "fireside chat" with Los Angeles mayor Eric Garcetti. According to Forbes, Musk told the audience, "The Boring Company is also going to do tunneling for, like, water transport, sewage, electrical. We're not going to turn our noses up at sewage tunnels. We're happy to do that too."

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Posted in cars, electrical, Elon Musk, Energy, sewers, the boring company | Comments (0)

Tesla replaces Elon Musk as chair—he’ll stay CEO

November 8th, 2018
Tesla replaces Elon Musk as chair—he’ll stay CEO

Enlarge (credit: Luke Sharrett/Bloomberg via Getty Images)

Tesla has announced a new chair of its board of directors: Robyn Denholm. The move is part of the deal with the Securities and Exchange Commission to settle claims that CEO Elon Musk misled investors. The deal required Musk to not serve as chairman for three years. Elon Musk will remain as CEO.

Denholm, who has served on Tesla’s board since 2014, will leave her role as CFO of Telstra, the Australian telecom giant, in six months.

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Posted in cars, Elon Musk, Robyn Denholm, Tesla | Comments (0)

Musk: new Tesla summon feature will “follow you like a pet”

November 1st, 2018
Elon Musk in Adelaide, Australia in 2017.

Enlarge / Elon Musk in Adelaide, Australia in 2017. (credit: Mark Brake/Getty Images)

Elon Musk took to Twitter late on Wednesday night to tout Tesla's forthcoming "advanced summon" feature, which he says is due out in about six weeks.

"Car will drive to your phone location & follow you like a pet if you hold down summon button on Tesla app," Musk tweeted.

In another tweet, Musk said that "you’ll be able to drive it from your phone remotely like a big RC car"—though only if the car is within the line of sight.

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Posted in autopilot, cars, Elon Musk, Summon, Tesla | Comments (0)

Unhappy Elon Musk went on firing spree over slow satellite broadband progress

October 31st, 2018
SpaceX CEO Elon Musk standing and holding a microphone.

Enlarge / Elon Musk at a SpaceX press conference on September 17, 2018 in Hawthorne, California. (credit: Getty Images | Mario Tama)

SpaceX CEO Elon Musk recently "fired at least seven" managers in order to speed up development and testing of satellites that could provide broadband around the world, Reuters reported today.

SpaceX has Federal Communications Commission approval to launch 4,425 low-Earth orbit satellites between 2019 and 2027 in a bid to compete against cable and fiber ISPs and to bring broadband to unserved and underserved areas. SpaceX is also seeking FCC approval of another 7,518 satellites. SpaceX's "goal of having Internet service available in 2020 is 'pretty much on target' with an initial satellite launch by mid-2019," one of Reuters' sources said.

But Musk apparently concluded that keeping the Starlink project on schedule required a management shakeup. In June, Musk flew to the Seattle area for meetings with engineers who were leading the satellite project, Reuters reported:

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Posted in Biz & IT, Elon Musk, satellite broadband, spacex, starlink | Comments (0)

Why almost everyone was wrong about Tesla’s cash flow situation

October 26th, 2018
Why almost everyone was wrong about Tesla’s cash flow situation

Enlarge

Tesla confounded critics on Wednesday by reporting healthy profits and significantly positive cash flow in the third calendar quarter.

For months—years, actually—critics have warned that cash flow problems threatened the company's survival. Many experts scoffed when CEO Elon Musk claimed back in April that he would deliver positive cash flow—and profits—starting in the third quarter of 2018. Bloomberg ran a splashy feature titled "Tesla Doesn't Burn Fuel, It Burns Cash"—complete with a graphic of Musk throwing dollar bills into a pair of Boring Company flamethrowers.

"They're going to be on the verge of bankruptcy, because they need the capital markets to survive," investor John Thompson told Fox News the same month.

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Posted in cars, Cashflow, Elon Musk, model 3, model s, Tesla | Comments (0)

Tesla lost $401 million from revenues of $2.7 billion in Q2 2017

August 2nd, 2017

Enlarge / The Tesla Model 3. (credit: Tesla)

On Wednesday afternoon, Tesla released its Q2 2017 financial results: a loss of $401 million from total revenues of $2.7 billion over the three months up until June 30th. That’s more or less the same performance as the company reported for Q1 2017, but it does show a 49 percent jump in revenue and 53 percent jump in vehicle deliveries compared to the same period in 2016. Depending upon whether Generally Accepted Accounting Practices (GAAP) were used, the net loss to shareholders was $2.04 per share (GAAP), or $1.33 per share (non-GAAP). It ended the period with $3 billion in cash.

During the quarter, Tesla produced 25,708 Model S and Model X electric vehicles and delivered 22,026 of them to customers. Sales of zero-emissions tax credits brought in another $100 million, and the company’s energy generation and storage activities saw a big increase, bringing in $287 million (compared to $214 million for Q1 2017 and just $3.9 million for Q2 2016). The company’s operating expenses actually decreased compared to Q1 2017, despite spending almost $48 million more on research and development.

In its earnings statement, Tesla revealed that it has been averaging 1,800 Model 3 reservations a day since the handover of the first production cars on July 28th. First deliveries to non-Tesla employees will begin in Q4 this year. Tesla says that production of the Model 3 will be limited by the slowest part of its supply chain and manufacturing process, but the company is confident it can build “just over 1,500 vehicles in Q3.” Output of the new EV is predicted to rise to 5,000 per week by the end of 2017. CEO Elon Musk told an earnings call that “what we have ahead of us is an incredibly difficult production ramp. But I’m very confident we can reach a rate of 10,000 vehicles per week by the end of next year.”

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Posted in Biz & IT, cars, Elon Musk, model 3, Tesla | Comments (0)

Elon Musk Plans to Launch 4,425 Satellites to provide Global Internet from Space

November 18th, 2016

Big tech companies, including Facebook, Google, and Microsoft, are in the race of bringing Internet connectivity to unconnected parts of the world through wireless devices, flying drones, high-altitude balloons, and laser beams.

But, SpaceX founder Elon Musk has big plans for bringing low-cost Internet service worldwide, and it all starts in space.
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Private rocket launch

Posted in Elon Musk, Facebook Satellite, Fast Internet, High Speed Internet Service, Internet-by-satellite, satellite communication, satellite Internet, Space X, Technology News, wireless internet | Comments (0)

Elon Musk hints at “top secret Tesla masterplan” coming this week

July 11th, 2016

Elon Musk has teased that he will release a “top secret Tesla masterplan” later this week, amid speculation that everyone’s favourite eccentric tech billionaire is trying to distract attention from a recent spate of bad publicity.

In a tweet posted on Sunday, the electric car firm’s chief said that this release would be “Part 2” of his plan—seemingly referring to a post he wrote almost exactly a decade ago, entitled “The Secret Tesla Motors Master Plan (just between you and me).”

It discussed Tesla’s early forays into affordable, non-sports electric cars, the vehicles which would become the Tesla 3 sports sedan, and the Tesla S four-door car, so there’s a good chance he’s about to preview a major new release.

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Posted in Cars Technica, Elon Musk, masterplan, Tesla, tesla model s, tesla model x | Comments (0)

Musk’s remarks at conference imply Tesla has huge autonomous car advantage

June 2nd, 2016

(credit: Mashable)

On Wednesday night Elon Musk grandly told audiences at the Code 2016 conference that we might be living in a simulated universe. That comment has certainly sparked attention, but he said something else that’s still got us scratching our collective head: when asked about self-driving cars, Musk said that he considers it a “solved problem,” and that “we are probably less than two years away” from safe autonomous driving.

This timeline is consistent with one that he gave Ars in 2015, but the head-scratchy bit is that every other expert we’ve spoken to thinks true self-driving cars (Level 4 autonomy according to the National Highway Traffic Safety Administration) are at least a decade out. NHTSA defines a level 4 autonomous car as one that “is designed to perform all safety-critical driving functions and monitor roadway conditions for an entire trip. Such a design anticipates that the driver will provide destination or navigation input, but is not expected to be available for control at any time during the trip. This includes both occupied and unoccupied vehicles.” Even Google’s experimental self-driving cars are classed as Level 3 by the agency.

Autonomous driving experts we’ve consulted at Audi, BMW, Ford, Mercedes, and Volvo (all of which have extremely active self-driving research programs) have consistently told us the same thing: it’s comparatively easy to make a car drive itself on a highway where every car is going the same direction and there’s no pedestrian traffic. But a car that can drive itself through a busy urban interchange—think Manhattan or Mumbai at rush hour—is closer to 2030 than 2020. Even sensor OEM Mobileye, which supplies Tesla with some of its autopilot hardware, won’t have its Level 3-ready EyeQ5 system on a chip ready until 2020.

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Posted in autonomous car, Cars Technica, Elon Musk, self-driving car, Tesla | Comments (0)

Elon Musk hints at Tesla Model Y with falcon-wing doors

October 7th, 2015

Elon Musk, the world’s greatest one-man PR machine, has hinted at the existence of another Tesla: the Model Y.

Musk revealed the information in a tweet last week, which he quickly deleted. Musk had taken to Twitter following the début of the Model X—Tesla’s SUV with falcon-wing rear doors. A fan tweeted at Musk, saying she would love for the Model 3 to have falcon-wing doors as well. Somewhat surprisingly, Musk responded with: “There will be a Model 3 and a Model Y. One of the two will.”

At this point, we’re fairly certain the Model 3 won’t have falcon-wing doors; all signs point to it being a smaller, cheaper version of the Model S. It would follow, then, that the Model Y might be a smaller, cheaper version of the Model X. Tesla trademarked the name “Model Y” back in 2013, around the same time that it trademarked the Model E.

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Posted in Cars Technica, Elon Musk, model 3, model x, model y, Tesla | Comments (0)