Technology 

Elon Musk breaks ground on first Tesla factory outside US

Image copyright Reuters Image caption Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Gigafactory ceremony in the city. Tesla boss Elon Musk has broken ground at a new factory in Shanghai, the electric carmaker’s first manufacturing plant outside the US. The facility will produce Model 3 and Model Y cars as it pushes to grow its presence in the world’s largest car market. The American automaker faces rising competition from local rivals in China. But the new factory would help Tesla avoid US tariffs on car imports into…

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Technology 

Tesla names close Musk friend Larry Ellison to board

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher Tesla past months of turbulence following Musk’s Aug. 7 tweet that he was considering taking the company private and had secured funding. The fallout, which included the U.S. Securities and Exchange Commission subsequently filing fraud charges against Musk for what…

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Musk seeks to dismiss ‘pedo’ defamation claim

Image caption Vern Unsworth (R) helped bring top international cave rescuers to the mission, including Rob Harper (L) Elon Musk is seeking to dismiss a defamation claim by saying that “over-the-top” paedophilia claims he tweeted should not be taken seriously. He is being sued by Vern Unsworth, who aided the rescue of 12 boys from Thailand’s Tham Luang caves. The two clashed over how to free the boys in an exchange that led to Tesla’s chief calling Mr Unsworth “pedo guy”. Mr Musk’s lawyers said the “insult” had been made…

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Technology 

Elon Musk says Tesla to pay customers for missed tax credits

Tesla Inc. founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will reimburse customers if delays to car deliveries cause them to miss out on a significant tax credit. Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, incentives in the way of…

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Technology 

Elon Musk unveils prototype high-speed LA transport tunnel

Image copyright Getty Images Image caption Elon Musk says the tunnel system will alleviate road congestion in Los Angeles Entrepreneur Elon Musk has unveiled a prototype underground tunnel in Los Angeles which is designed to transport cars at high speed around the city. The tunnel is only a mile (1.6km) long at the moment but the goal is a network to ease chronic traffic congestion. Modified electric cars would be lowered into the tunnel and travel at speeds up to 150mph (240km/h), Mr Musk says. The tunnel has been built…

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Technology 

Elon Musk unveils his first Los Angeles-area tunnel

LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk made a brief public appearance late on Tuesday to unveil the first tunnel completed by the underground transit venture he launched two years ago as an ambitious remedy to Los Angeles’ infamously heavy traffic. Tesla Inc. founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS But contrary to some of his own hype from…

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Technology 

Elon Musk has ‘no respect’ for US regulator

Image copyright Getty Images Elon Musk says he has “no respect” for the Securities and Exchanges Commission (SEC) financial regulator. He made the comment in an interview with news channel CBS, in which he also talked about his controversial behaviour on Twitter. In September, the SEC decided to sue him for alleged securities fraud. This followed a tweet in which Mr Musk wrote that he had secured funding to take Tesla off the stock market and make it a private company. The SEC said the claim was “false and misleading”.…

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Technology 

Elon Musk ducks out of one Los Angeles tunnel but pursues another

LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk has scrapped plans for a high-speed passenger tunnel under the West side of Los Angeles but is moving ahead with a similar proposal across town designed to whisk baseball fans to and from Dodger Stadium. FILE PHOTO: Elon Musk arrives to speak at Boring Company community meeting in Bel Air, Los Angeles, California, U.S. May 17, 2018. REUTERS/Lucy Nicholson Musk’s aptly named underground transit venture the Boring Company gave up on its development of a 2.7-mile (4.4-km) tunnel in West L.A. to…

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Science 

Elon Musk renames his BFR spacecraft Starship

Image copyright SpaceX Elon Musk has changed the name of his forthcoming passenger spaceship from Big Falcon Rocket (BFR) to Starship. The entrepreneur would not reveal why he had renamed the craft, which has not yet been built, but added its rocket booster will be called Super Heavy. In September, Mr Musk’s SpaceX company announced that Japanese billionaire Yusaku Maezawa had signed up to be the first passenger to travel on the ship. The mission is planned for 2023 if the spaceship is built by that time. It is the…

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Technology 

Musk hints at Tesla interest in Daimler van

FILE PHOTO: Tesla and SpaceX CEO Elon Musk speaks with Los Angeles Mayor Ken Garcetti (unseen) in a “fireside chat” at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot (Reuters) – Tesla Inc (TSLA.O) could be interested in partnering with Daimler AG’s (DAIGn.DE) Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet here on Monday. “Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That’s a great van. We…

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