An artist's rendition of Energy Absolute's 50GWh lithium-ion battery factory, a 100-billion-baht project in Chachoengsao province. Thailand could be on the verge of an electric vehicle (EV) revolution. After decades of promising ubiquitous plug-in stations and quiet roads full of whirring, non-petrol-powered cars, the futuristic fantasy could soon be a reality.Dubbed the "Tesla of Thailand", SET-listed Energy Absolute (EA) will kick off the first phase of its 100-billion-baht lithium-ion battery production line in mid-2020, the largest of its kind in Thailand, anticipating a "tidal wave of new business growth". The company, led by one of Thailand's richest men, aims to change the way Thais drive by building a more efficient battery that makes the switch to EVs practical and affordable. EA has entered into a binding agreement to install "public charging points" for all battery-powered EV models at 7-Eleven convenience stores, Caltex petrol stations, Robinson department … [Read more...] about ‘Tesla of Thailand’ powers vision of electric paradise
Elon musk net worth
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?
By Allison Prang WSJ Thu., May 2, 2019 Tesla Inc. is looking to raise as much as $2.3 billion through a bond sale and public offering of its shares, after a worse-than-expected quarter heightened concerns about the company’s cash on hand. Tesla said in a securities filing that it expects to bring in about $642.3 million in net proceeds from a public offering of about 2.7 million of its shares, and that Chief Executive Elon Musk is interested in buying about $10 million worth of those shares. Tesla also said it is offering $1.35 billion in convertible senior notes due in five years. If the underwriters exercise their full options, Tesla could bring in $738.7 million in net proceeds from the stock offering and $1.55 billion from the debt issuance. Tesla’s shares rose 4.2% in premarket trading. As Tesla faces concerns over whether it has enough cash, Mr. Musk on the company’s recent earnings call said, “There’s merit to the idea of raising … [Read more...] about Tesla looks to raise as much as $2.3B in debt and equity