musk

Tesla expanding Supercharger network for coast-to-coast drives

PALOS VERDES, Calif. -- It appears that Tesla and SpaceX CEO Elon Musk got bored with the Internet. After PayPal, Musk said creating another Internet company would have been like falling off a log. Instead he went for some more risky and ambitious projects -- sustainable energy and space exploration to make life interplanetary.

The sustainable energy project turned into Tesla Motors, and that seems to be going well after years of struggles and naysayers. "If I had a dollar for every time someone brought up DeLorean or Tucker I wouldn't need to IPO," Musk said in … Read more

Tesla hits first profitable quarter ever

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

Tesla eyes 'autopilot' partnership with Google

Tesla, the electric car maker, has been in talks with Google about the development of a self-driving car, the former's CEO revealed Tuesday.

In a Bloomberg interview, Tesla CEO Elon Musk said that his company has "had some technical discussions with Google" about the search giant's self-driving car technology. However, he pointed out that the technology that Google uses, which is based on laser sensors to detect what's around, is too expensive to be feasible anytime soon.

Instead, Musk told Bloomberg, he'd like to see a camera-based system that "sees" what's … Read more

Tesla plans big announcement that Model S owners 'will like'

There's the possibility that Tesla may be looking to make its luxury all-electric cars a tiny bit more affordable. The company's CEO Elon Musk tweeted Thursday that Tesla will announce some big news on Friday.

Announcement of new @teslamotors strategy tomorrow. Tesla owners will like this.

— Elon Musk (@elonmusk) April 25, 2013

While no further information is given, this tweet does offer some clues into what Musk may be suggesting. The fact that he mentioned it will be something "Tesla owners will like" harkens back to a similar tweet from last month.

After tweeting about an … Read more

If Grumpy Cat is the biggest news of all, is SXSW in trouble?

AUSTIN, Texas -- Talk to just about anyone who has been at South by Southwest this year, and there's really no doubt what was the biggest news of all: Grumpy Cat.

On the one hand a sweet little cat with a facial expression that looks annoyed, and on the other one, of the biggest Internet memes of the last year, Grumpy Cat has been the unquestioned biggest star of SXSW, thanks to Mashable, which managed to bring the famous kitty to the world's most important interactive conference so that tons of her biggest fans could meet her.

Never … Read more

Elon Musk at SXSW: 'I'd like to die on Mars, just not on impact'

AUSTIN, Texas -- SpaceX and Tesla founder Elon Musk wowed a capacity SXSW crowd here today with the first public showing of a video of a rocket capable of blasting off and then returning safely and gently to the ground. And he later added he hopes to one day travel (perhaps one-way) to Mars.

The video of the company's Grasshopper rocket, filmed just about a day-and-a-half ago, demonstrates one of SpaceX's key propositions: That it can develop reusable rockets at a fraction of the cost of a traditional NASA mission, and that it can bring them back down … Read more

Tesla CEO: NYT review cost us $100M in value -- Bloomberg

The New York Times/Tesla debacle may have cost the car maker $100 million in value, Tesla's CEO told Bloomberg.

Elon Musk, speaking on Bloomberg TV, said "a lot" of people canceled orders for Tesla's Model S following a scathing New York Times review.

"It probably affected us to the tune of tens of millions, to the order of $100 million, so it's not trivial," Musk said. "I would say that refers more to the valuation of the company. It wasn't as though there were 1,000 cancellations just due to … Read more

Tesla sales up 500 percent in Q4, sees profit ahead

Tesla lost $89.9 million after charges as sales soared 500 percent sequentially to $306 million in the fourth quarter. At the same time, management delivered a bullish forecast for the company's first quarter.

"In the first quarter of 2013, we expect to generate slightly positive net income, on a non-GAAP basis," CEO Elon Musk said in a letter to shareholders today. He added that Tesla expects "to be near breakeven on cash flow from operations."

Musk wrote in a post co-authored with Chief Financial Officer Deepak Ahuja:

These targets would be achieved through a … Read more

Tesla's Elon Musk lambasts New York Times article

Tesla's CEO Elon Musk has become incensed over a news article critical of the all-electric car that was published in The New York Times last week.

"I do not think this is a he said, she said situation," Musk told Bloomberg West in an interview today. "It is really black and white. The facts are the facts."

The tussle got started after New York Times reporter John Broder wrote an article about taking the Tesla Model S out on a test drive in the East Coast's freezing weather. He claimed that the car couldn'… Read more