Business Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just US$10. 21 May 2019 05:55PM Bookmark REUTERS: Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just US$10.The latest of a round of critical notes from Wall Street analysts follows a dive in Tesla's stock and bonds on Monday, as investors worried about its spending and problems with an Autopilot system that CEO Elon Musk has held out as key to the future of the Silicon Valley firm.Analyst Adam Jonas said Tesla's rising debt pile and geopolitical exposure, including the risk that Chinese demand for the company's cars could suffer, had driven him to slash his "bear-case" valuation to US$10 from a … [Read more...] about Tesla stock worth just US$10 in worst case: Morgan Stanley
Ceo elon musk
Multi-billionaire Elon Musk's real net worth, like his personality, is volatile and mercurial.Probably the best known billionaire in the world (and undoubtedly the most covered by the news and social media), Musk and his exact wealth are a matter of speculation because he lives such an un-billionaire type existence.For one, Musk has no guaranteed multimillion dollar annual salary plus stock options and perks from Tesla Inc. Musk has a $56,000 monthly salary from Tesla but hasn't drawn this salary even once. Seems Musk relies on his salaries and perks from his other businesses such as SpaceX, The Boring Company, OpenAI and Neuralink to get by.But here's what we know about Musk's wealth. Forbes estimates his "real time net worth" as of May 15 at $19.5 billion. That's good for Number 40 on Forbes' billionaires list. CNBC places Musk's net worth at about $23.6 billion (no mention of a time frame).And here's why it's tough placing an exact number on Musk's wealth.In January, Tesla announced … [Read more...] about Elon Musk net worth: How much is Tesla, SpaceX CEO worth?
Tesla Founder and CEO Elon Musk could not hold his displeasure over Warren Buffett's remarks that selling insurance is not Tesla's cup of tea, leading to a couple of tweets related to the billionaire investor.The Berkshire Founder and CEO Buffett, during the Berkshire Hathaway annual meeting last week, said insurance is not an easy business."The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business," he told shareholders.In an earnings call with analysts in April, Musk revealed his plans to launch an insurance product later in May."I'd bet against any company in the auto business" getting into insurance, CNBC quoted Buffett as saying.This led Musk to issue a series of tweets on Sunday. The Tesla CEO first tweeted a link, asking his followers to order Tesla Model 3, which is cheaper than a Honda Accord.He then sent a playful tweet, claiming that Tesla is "also 1,000 more fun" than … [Read more...] about Buffett says Tesla can’t sell insurance, Musk hits back
Tesla and SpaceX CEO Elon Musk has been selected to receive the Stephen Hawking Medal for his “astounding accomplishments in space travel and for humanity”. The STARMUS Festival announced the 2019 winners of the Stephen Hawking Medal for science communication on May 10. Joining Musk as award-winners are Brian Eno and documentary Apollo 11 by Todd Douglas Miller. Eno is rewarded for his contribution to the popularization of science, while the documentary is noted for presenting a breakthrough look at history’s most famous space mission. According to Mashable, “SpaceX is known for building next-generation rockets that have launched satellites and delivered supplies to the International Space Station”. Commenting on Eno, fellow musician Peter Gabriel said, “Brian has often created the doorway through which the avant-garde enters the mainstream. He has been the creator of ambient and now evolutionary musical forms, challenging the role, nature and … [Read more...] about Elon Musk, Brian Eno to receive Stephen Hawking Medal
Business A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over Musk's use of Twitter, a court filing showed. 01 May 2019 08:50AM Bookmark NEW YORK: A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over Musk's use of Twitter, a court filing showed.U.S. District Judge Alison Nathan in Manhattan approved the deal worked out on Friday that settled the dispute in which the SEC had sought to find Musk in contempt of a securities fraud settlement last year.Earlier this month, Nathan had ordered the parties to work out an arrangement between themselves.The new deal lays out in more detail what types of statements by Musk must be reviewed by Tesla's legal counsel before publication, such as financial statements, previously unreported production or delivery numbers, and other topics.Regulators had … [Read more...] about Judge approves Musk, SEC agreement over Twitter use by CEO