WASHINGTON -- Elon Musk, the CEO of Tesla, openly derided the US Securities and Exchange Commission in an interview aired Sunday, having settled fraud charges with the regulatory agency over an errant tweet. "I want to be clear. I do not respect the SEC -- I do not respect them" he said in an interview on the CBS network news program "60 Minutes." Musk had to resign as Tesla chairman under a September arrangement with the SEC to settle fraud charges stemming from a tweet in which he said he planned to take the firm private and already had the financing to do it. That caused a brief spike in Tesla's share price, leading so-called short-sellers, who have been betting on the stock crashing for years, to lose millions. Musk and Tesla each had to pay a $20 million fine to the agency, to be split among harmed investors. He was forced to resign as chairman but allowed to remain CEO. The SEC had also demanded oversight of the mercurial Musk's social media use. But he said in the Sunday … [Read more...] about Tesla CEO Elon Musk taunts US financial regulatory agency
Alicia Secord Detroit Free Press Published 9:20 PM EST Dec 7, 2018 Elon Musk is sizing up General Motor's recently idled plants. The tech billionaire said in an interview with CBS's "60 Minutes" that it's "possible that [Tesla] would be open" to taking over automakers' old plants, including factories GM recently has slated for closure. GM announced late last month that it would idle assembly plants in Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario by the end of 2019. In contrast to GM's plant closures, Fiat Chrysler said it plans to revamp its Mack Avenue Engine II plant, turning it into a vehicle assembly plant to produce a new three-row Grand Cherokee. Read more: … [Read more...] about Could Elon Musk save jobs of idled General Motors employees?
Boring Company founder Elon Musk promised in a tweet that the underground tunnel drilling and construction company will unveil “road legal autonomous transports cars & ground to tunnel car elevators” when it unveils its Los Angeles tunnel project on December 18. In a recent tweet the founder of the Boring Company, Elon Musk, revealed that the underground tunnel drilling firm would have a product launch on December 18 which will include “autonomous transport cars” and “ground to tunnel car elevators,” according to Musk.The tweet from Musk reads: “Boring Company product launch on Dec 18. More than a tunnel opening. Will include modded but fully road legal autonomous transport cars & ground to tunnel car elevators.” The Boring Company is likely hoping for a big PR win with the new product launch after multiple setbacks in recent months. TechCrunch reported in November that the company abandoned their plans to construct a … [Read more...] about Elon Musk Promises ‘Car Elevators’ at Boring Company Tunnel Launch
Nora Naughton The Detroit News Published 4:46 PM EST Dec 7, 2018 Another domestic automaker might be interested in one of the five North American plants General Motors Co. is planning to idle next year after the products made there cease production. Tesla Inc. CEO Elon Musk told Lesley Stahl of CBS's "60 Minutes" that it's "possible we would be interested" in one of GM's soon-to-be-empty plants "if (GM) were to sell a plant or not use it." GM announced late last month that it would "unallocate" five North American plants, including Detroit-Hamtramck Assembly and Warren Transmission, imperiling the jobs of 6,300 hourly workers at the same time it slashes some 8,000 white-collar positions. The Detroit automaker's plants, which will stop all production by the end of next year, are not up for sale or officially closing at this point. GM CEO Mary Barra was in Washington this week meeting with members of Congress from Michigan and Ohio to discuss the automaker's plans for the … [Read more...] about Tesla’s Elon Musk interested in buying idled GM plants
NASA Administrator Jim Bridenstine recently stated that he criticized SpaceX founder Elon Musk for smoking marijuana during a live video podcast, saying Musk “did not inspire confidence.” Speak to reporters this week, NASA Administrator Jim Bridenstine stated that Elon Musk smoking weed during an appearance on the Joe Rogan Experience podcast “did not inspire confidence,” the Atlantic reports. Breitbart News previously reported that after footage of Musk smoking marijuana and drinking whiskey during a live podcast went viral, NASA announced that both SpaceX and Boeing — which have been hired by NASA to transport astronauts to the International Space Station — will undergo a months-long safety assessment that will involve hundreds of interviews to determine the culture of each company’s workplace.In a meeting with reporters, Bridenstine commented on Musk’s actions stating: “I will tell you that was not helpful, … [Read more...] about NASA Boss Criticizes Elon Musk for Smoking Weed on Video