Boring Company Flamethrower: elon musk

Showing posts with label elon musk. Show all posts

Wednesday, May 20, 2020

Tesla shares dropped to $808 after hours, Elon Musk can still tweet according to judge

Tesla ($TSLA) shares dropped from almost $820 to $808.01 yesterday without any major news or disastrous tweets from its CEO Elon Musk.

A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer.

Vice Chancellor Joseph Slights III ruled Tuesday that shareholder attorneys had not demonstrated a sufficient reason for him to allow the state court lawsuit to proceed. Slights put the case on hold after it was filed last year because of a pending federal securities fraud lawsuit and a contempt motion against Musk by the Securities and Exchange Commission.

The SEC looked to hold Musk in hatred of court after he tweeted in February 2019 about Tesla's vehicle creation objective for the year. Controllers said the tweet damaged a 2018 protections extortion settlement requiring Tesla TSLA, - 0.69% to direct tweets from Musk that could influence the organization's stock. The settlement was reached after the SEC sued Musk for utilizing his Twitter TWTR, +0.81% record to erroneously declare that he had tied down financing to take Tesla private.

The disdain movement was settled in April 2019 with a necessity that Musk get endorsement ahead of time from an organization legal advisor before giving any composed correspondences in regards to Tesla's funds. However, Musk got in increasingly boiling water last July in the wake of sending an unapproved tweet with respect to a figure for his organization's sun powered rooftop board creation.

The Delaware offended parties said in a court recording not long ago that the claim ought to continue since Musk's kept tweeting represents an up and coming danger to Tesla, and that Tesla's board has neglected to get control over Musk and implement the pre-endorsement arrangement on his interchanges.

The "last bit of excess that will be tolerated," they stated, was a May 1 tweet where Musk said he however Tesla's stock cost was excessively high. The offer cost expeditiously fell by over 10%.

"No levelheaded Tesla legal counselor or executive could have endorsed this tweet," investor lawyers composed.

"Musk obviously is reluctant to agree to the SEC settlements, and the board is similarly reluctant or incapable to expect him to do as such and compel his tweeting," they included.

William Chandler III, a lawyer speaking to Tesla chiefs, disclosed to Slights that the case comes down to a battle about potential harms identified with Musk's direct, and that it ought to stay on hold pending goals of the government class activity.

"The main mischief that the offended parties claim is a drop in the market value that existed for short of what one full business day," Chandler stated, alluding to the May 1 tweet.

Chandler likewise proposed that the endeavor to preclude Musk from tweeting about Tesla raises genuine First Amendment issues.

Insults said Musk's tweet regarding sun based board creation didn't give off an impression of being "horribly risky". The stock value tweet, while "inconvenient all over," was one of numerous tweets by Musk over the previous year, in which Tesla has seen enormous development, the appointed authority included.

While depicting his choice to keep the case on hold "a narrow escape," Slights additionally noticed that he can't give a directive dependent on insignificant fear or theory about a litigant's future lead.

He cautioned, be that as it may, he could return to his choice if Musk's lead brings about "likely," instead of "theoretical" damage to investors.

"The choice will be more clear if to a greater degree an example develops, particularly an unchecked example .... Now, however, there's no point in discussing this further," he said.

Sources:

Tuesday, May 19, 2020

Tesla Charges Extra $1,000 'Full Self-Driving' Fee Starting July, According To Elon Musk

Tesla Inc. (NASDAQ: TSLA) is expanding the cost of the "Full Self-Driving" highlight in its electric vehicles by $1,000 beginning July 1, Chief Executive Officer Elon Musk said Monday.

The driver-help alternative as of now costs $7,000. As per Musk, the cost of the component will "keep on rising" going ahead. At the point when the independent driving component approaches to "full capacity" and gets administrative endorsement, the cost is "most likely some place in abundance of $100,000," Musk noted. The very rich person business visionary proposed a month ago the cost of the full self-driving element will "likely" increment on July 1.

The tweet is going viral on twitter, with Musk saying: "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval. It that point, the value of FSD is probably somewhere in excess of $100,000."

Wouldn't you rather spend that extra $1000 getting an awesome boring company flamethrower instead?

Should you buy Tesla ($TSLA) stock options today?

Tesla is on the verge of satisfying the criteria to be eligible for inclusion in the S&P 500 index, based on the S&P's US indexes methodology, The Wall Street Journal first reported on Monday. The stock is currently trading at $814.26, up 0.1%.

The electric-car manufacturer still doesn't meet the S&P's positive-net-income requirement, no matter how fun the boring company flamethrower is according to reviews.

To be eligible for inclusion in one of the most popular stock market indexes, a company needs to post a cumulative profit — as measured by generally accepted accounting principles — over its previous four quarters, with its most recent quarter also showing a profit.

Tesla’s (TSLA) car registrations in China plummeted 64% in April, compared to March, according to consultancy firm LMC Automotive’s data.

Specifically, the electric-vehicle maker’s China registrations dropped to 4,633 units from 12,709 units the previous month. This includes imported cars. “Tesla’s sales in the first month of each quarter are usually lower than the remaining two months” points out Reuters.

Meanwhile sales of Tesla’s Model 3 sedan in China plunged 64% in April vs March, according to the China Passenger Car Association (CPCA). Tesla sold 3,635 Model 3 cars in April, a significant decrease from the 10,160 vehicles sold in March.

It sounds like a big drop—and it is. The stock, however, isn’t budging, down a fraction in early Tuesday trading. Tesla bulls aren’t blind to bad news, but sequential sales aren’t that useful for investors. Every business, including Tesla (ticker: TSLA), is seasonal.

Tesla would have been eligible for inclusion now if its loss in the second quarter of 2019 had been less than $264 million, or the sum of its previous three quarters of profits. Instead, it was a $408 million loss.

Tuesday, May 12, 2020

Elon Musk and humanitarian crises he’s tried to fix, and how it’s going so far

Elon Musk has sought contention and stood out as truly newsworthy for all an inappropriate reasons before, but on the other hand he's had some striking accomplishment in creating world-evolving innovation.

For all his boast, assaults on writers, and odd conduct, he is additionally attempting to understand a portion of mankind's most critical issues. Environmental change? Musk's electric vehicle organization, Tesla, has made electric vehicles energizing. Traffic hardships and all the negative wellbeing impacts of clog caused contamination? Musk made The Boring Company to burrow a system of passages beneath Los Angeles to keep away from gridlocked turnpikes. Colonizing different planets to spare ourselves from eradication? SpaceX is chipping away at it.

Past these moonshot activities, Musk has conveyed genuine outcomes. After Hurricane Maria took out force for many Puerto Rico's occupants in 2017, Musk gave several sun based fueled batteries to the island. Furthermore, as the coronavirus spreads around the world, Tesla has started dealing with ventilator parts and delivery clinical gadgets to emergency clinics out of luck.

Traffic, and the negative wellbeing impacts of gridlock

In the same way as other of us, Musk loathes sitting in rush hour gridlock. His answer for the famously traffic-stopped up turnpikes in Los Angeles: burrowing a system of passages underneath the city.

Traffic is something other than an irritation. As indicated by a recent report, the air contamination created by traffic can prompt an expansion in coronary illness and stroke hazard for those living close to blocked zones. Different investigations have indicated that individuals living close to significant roadways in clogged urban communities have an expansion in crisis room visits and mortality, among other wellbeing impacts.

Through the Boring Company, Musk is trying to associate LA's densest neighborhoods with an underground "Circle" framework that could convey travelers – and even vehicles – up to 155 miles-per-hour, cutting travel times over the city, and lessening traffic-caused contamination simultaneously.

While this sounds stunning in principle, the fact of the matter is somewhat murkier, as Business Insider's Matt DeBord composed.

The framework is set to profit wealthy Angelenos and maintains a strategic distance from some more unfortunate neighborhoods (where drive times are regularly longest) by and large. It's another billion-dollar answer for a difficult that could be all the more effortlessly unraveled by working from home or moving work hours, DeBord composed.

The decision: It's too early to tell.

Tesla Fremont factory: Alameda deescalates issue, doesn’t fall into Elon Musk’s martyr trap

Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing.

On Monday, the company's chief executive Elon Musk tweeted that production had restarted and he would be "on the line with everyone else".

US states and local governments are trying to determine the best way to open up after lockdown.

Mr Musk previously vowed to move the firm's headquarters out of California if the plant was not allowed to reopen.

He has been vocal about the lockdown orders in recent weeks.

Mr Musk recently celebrated plans to relax restrictions across the country, writing on Twitter: "FREE AMERICA NOW". He has also dismissed as "dumb" concerns about the coronavirus.

County officials claim to have been in continuous contact with Tesla last week to approve the automaker’s plan to reopen the factory by May 18, but Musk apparently wanted to do it sooner – leading to Tesla filling a lawsuit and stalling the talks.

The Sheriff’s Office instead issued a statement stating that they are aware Tesla is breaking the order and they will take the same action that they do for other businesses who have been violating the order

They plan to review another official plan for Tesla to reopen under the manufacturing guidelines released by the county last week.

At this point, it’s not clear what consequence if any Tesla will see for reopening before this plan was approved.

Some of Tesla and Musk’s main arguments for reopening early is that automakers in other states have been allowed to restart production and they believe that they can operate the factory safely due to their experience running Shanghai Gigafactory in China post-pandemic. https://boring-company.webflow.io/

Electrek’s Take

While I do believe in Tesla’s ability to reopen Fremont safely following their “getting back to work” post, I have to say that Alameda County is sounding a lot more reasonable with Elon here.

It sounds like the county was aiming to approve Tesla’s plan to reopen on May 18, but Elon and Tesla couldn’t wait one more week.

I understand the frustration, but no one is above the law. Then he goes on to set this martyr trap to be the one to get arrested. Come on.

Elon has been saying weird things to justify his moves lately.

For example, the CEO has been weirdly framing the reaction of Scott Haggerty, the county supervisor for the district in Alameda County, being threatened with a lawsuit:

Sunday, May 10, 2020

Boring Company Flamethrower Reviewed by Unbox Therapy

Being one of the most popular product review channels out there, Unbox Therapy couldn’t wait to get their hands on the Boring Company Flamethrower, or as marketed, “not a flamethrower”. So, what did they think of this Elon Musk flamethrower?

So what did he think about the boring company flamethrower? Head over to https://boring-company-flamethrower-review.info/unbox-therapy-reviewing-boring-company-flamethrower/ to find out.

Boring Company Flamethrower - how to buy

Are you looking for the boring company flamethrower review? Elon Musk’s tunnel-digging venture has started shipping flamethrower-like devices to the general public, and they’re already hitting eBay for thousands of dollars. The first 1,000 “not-a-flamethrower”s were handed over to customers at the company’s headquarters in Hawthorne, California on Saturday.

The product is the latest for Musk’s company, which is currently working on ways to make tunnel digging more efficient. Borne out of frustration with Los Angeles traffic back in December 2016, Musk’s company started selling Boring branded hats as work got underway on a test tunnel at the SpaceX headquarters. After selling 20,000 hats and raising $1 million, Musk moved onto flamethrowers. He claims he got the idea for the unusual fundraising method from cult ‘80s sci-fi film Spaceballs.

Because the device does not produce a flame larger than 10 feet, it’s technically legal to own without any sort of license. California assemblyman Miguel Santiago, a Democrat representing Los Angeles, introduced bill AB1949 to close this flaw and limit the device’s sale.

Some fans on Reddit noticed a password-protected page on the Boring Company’s website, at boringcompany.com/flamethrower. For a time, the password was “flame,” allowing a select few rumor-hunters to see the page—a product page for a very real-looking gun.

There’s no indication that this isn’t an April Fool’s Day joke, but at least one prototype might exist. A brief video of what appears to be a Boring Company-branded flamethrower showed up on music producer and Space X investor D.A. Wallace’s Instagram, though the post was quickly deleted. Whether or not anyone else will be allowed to shell out $600 for one of their own might be debatable.