At an annual shareholder's meeting this past week, Tesla CEO Elon Musk said that his company is working on a new car model, which was inspired by the 1977 James Bond film "The Spy Who Loved Me.""I think the market for this would be small, but fantastic," Musk said at the meeting.The automobile will not only be able to drive on roads but also go under water. In "The Spy Who Loved Me," fictional British secret service agent James Bond drove a Lotus Esprit sports car that also served as a submarine.Musk bought the Lotus Esprit in 2013 from the film for $800,000, but he was "disappointed" when he found out the automobile couldn't transform into a submarine in real life."It was amazing as a little kid in South Africa to watch James Bond in 'The Spy Who Loved Me' drive his Lotus Esprit off a pier, press a button and have it transform into a submarine underwater," Musk told USA Today in 2013.Since then, Musk has toyed with the idea of building an aquatic car.Musk's current projects to soon be … [Read more...] about Elon Musk announces James Bond-like submarine car design
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Curiosity is high on Tesla's solar roof as a durable product. But a perspective exists that it is quite costly despite the company trying to project it as moderate in terms of costs. There is a consensus that Tesla solar roof will enjoy high demand in the time ahead. A cost-benefit analysis is attempted here to see how the costs align with the benefits. Perception of high costs Reports say consumers are getting the perception that Tesla Solar Roof is costly. But analysts contend that a broader perspective that it is not a typical roof, rather, a two in one system would justify its apparent cost. Tesla Solar Roof is essentially a building-integrated photovoltaic (BIPV) system that generates power and also serves as a physical roof for sheltering a house. Offering twin properties-one as a power generator and as a physical roof with ample aesthetics, Tesla solar roof offers accountability in both fronts with suitable warranties. As a roof, Tesla Solar Roof offers infinite warranty or … [Read more...] about Tesla Solar Roof cost is high: Benefits justify
Business Tesla Inc has "a lot of catching up" to do in order to achieve a record quarter, news website Electrek reported on Wednesday, citing Chief Executive Officer Elon Musk's leaked email to employees. 30 May 2019 03:50AM (Updated: 30 May 2019 04:20AM) Bookmark REUTERS: Tesla Inc has "a lot of catching up" to do but still can achieve a record quarter, Chief Executive Officer Elon Musk wrote in a new email that was reviewed by Reuters."While our demand is strong, we have a lot of vehicle deliveries to catch up to in order to have a successful quarter," Musk wrote in the mail."Per my earlier email, if we execute well, Q2 will be an all-time record for Tesla vehicle deliveries and an awesome victory!!"Tesla was on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, Musk said in an internal email last week.The company, which has struggled to keep up with Musk's delivery promises, had on … [Read more...] about Tesla CEO urges employees to ‘catch up’ to hit delivery record
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 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