Tag Archives: Elon Musk


tesla elon musk us president donald trump tariff china autopilot nissan technology mike pence

US rejects Tesla bid for tariff exemption for Autopilot ‘brain’

05 May, 2019 8:18 am 8:18 am

WASHINGTON (Reuters) – US trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. According to documents filed by the US Trade Representative’s office (USTR) … Read More


NASA SPACE ROCKET CST-100 SPACE X ELON MUSK

NASA mulls buying new rides to space from Russia amid programme delays

02 February, 2019 1:12 pm 1:12 pm

ORLANDO (Reuters) – NASA said it was weighing an option to buy two additional astronaut seats aboard a Russian rocket as a contingency plan against further delays in the launch systems being developed by Elon Musk’s SpaceX and Boeing Co. A possible purchase “provides flexibility and back-up capability” as the companies build rocket-and-capsule launch systems … Read More


ELON MUSK SPACE X TESLA The Hawthorne SpaceX’s Starlink programme

SpaceX to layoff 10 percent of workforce

01 January, 2019 11:05 am 11:05 am

CALIFORNIA (Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary spacecraft … Read More


Tesla urges tariff exemption for Chinese-made car computer ‘brainR...

01 January, 2019 8:57 am 8:57 am

WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line. “Increased tariffs on this particular part cause economic harm to Tesla, through the increase of costs and … Read More


Spacex halts launch of US military satellite due to winds

12 December, 2018 8:56 am 8:56 am

CALIFORNIA (Reuters) – Elon Musk’s SpaceX scrapped launch of a long-delayed navigation satellite for the US military due to strong upper level winds. The next launch attempt will be on Sunday at 8:51 a.m. EST/ 13:51 UTC, according to Space X officials. The launch, SpaceX’s fourth attempt in a week after technical and weather delays, … Read More


Tesla cuts China prices after tariff drop on US-made cars

12 December, 2018 8:26 am 8:26 am

BEIJING (Reuters) – Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on US-made cars. According to the electric carmaker’s Chinese website, the price of certain Model S cars was cut by up to 105,000 yuan ($15,200), and Model Xs by up to 65,000 … Read More


SpaceX launches biggest US ‘rideshare’ mission with 64 satellit...

12 December, 2018 10:54 pm 10:54 pm

CALIFORNIA (Reuters) – Elon Musk’s SpaceX launched a Falcon 9 rocket from California  carrying 64 small satellites into low orbit around the Earth, which the company called the largest-ever “rideshare” mission by a US-based rocket. The mission, dubbed SSO-A, also marked the third voyage to space for the same Falcon 9 rocket – another milestone … Read More


Tesla achieves Model 3 production of 1,000 cars per day

12 December, 2018 9:49 am 9:49 am

CALIFORNIA (Reuters) – Tesla Inc met its production target of 1,000 Model 3 cars per day, automotive news website Electrek reported , citing Chief Executive Officer Elon Musk’s email to employees. The car was introduced to the public in early 2016 amid great fanfare, with repeated promises throughout 2017 that Tesla was “on track” to … Read More


Shareholder firm ‘Baillie Gifford’ willing to invest more in T...

10 October, 2018 11:34 am 11:34 am

LONDON (Reuters) – Baillie Gifford & Co, one of the top shareholders of Tesla Inc, has said it would be willing to inject more cash into the electric carmaker, the Times reported on Monday. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” the Times quoted Nick Thomas, … Read More


Chinese privately developed rocket fails to reach orbit

10 October, 2018 9:25 am 9:25 am

BEIJING (Reuters) – A privately developed Chinese carrier rocket failed to reach orbit after lifting off from Jiuquan Satellite Launch Center , in a blow to the country’s nascent attempts by private companies to rival Elon Musk’s SpaceX. The three-stage rocket, Zhuque-1, was developed by Beijing-based Landspace. The company said in a microblog post after … Read More


Tesla’s Elon Musk says tweet that led to $20 million fine ‘Wort...

10 October, 2018 9:11 am 9:11 am

CALIFORNIA (Reuters) – Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the US Securities and Exchange Commision was “Worth It”. The tweet, sent less than an hour before Musk tweeted that he would take a break from Twitter “for a few days,” … Read More


Tesla shares jump as Musk delivers quarterly profit, cash

10 October, 2018 8:50 am 8:50 am

SAN FRANCISCO (Reuters) – Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter , delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off. Tesla reiterated that it expected to repeat its … Read More


Tesla secures Shanghai site for $2 billion China Gigafactory

10 October, 2018 9:45 am 9:45 am

BEIJING (Reuters) – Tesla Inc  has signed an agreement with the Shanghai government for an 860,000 square metre plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post. The land agreement marks a key step towards the firm and its Chief Executive Elon Musk making cars … Read More


Tesla makes 7,400 Model 3s so far in October: Electrek

10 October, 2018 9:40 am 9:40 am

CALIFORNIA  (Reuters) – Tesla Inc has produced more than 11,500 cars, including about 7,400 Model 3s, so far this month, automotive news website Electrek reported , citing a source familiar with the matter. Tesla managed to maintain a Model 3 production approaching 5,000 units per week, Electrek said. Tesla did not immediately respond to a … Read More


Musk to resign as Tesla chairman, remain as CEO in SEC settlement

09 September, 2018 8:41 am 8:41 am

WASHINGTON (Reuters) – Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker. The securities fraud agreement, disclosed by the US Securities and … Read More