Technology 

Tesla names director Denholm to replace Musk as board chair

(Reuters) – Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence. The appointment was required as part of a September deal Tesla struck with the securities regulator to settle fraud charges against Musk and Tesla. Legal experts said it was unclear if Denholm, who has been on Tesla’s board for four years, was independent enough for…

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Technology 

Tesla names new chair to replace Elon Musk

Image copyright Reuters Electric car company Tesla has appointed an executive at Australian company Telstra to chair its board. Robyn Denholm takes over the role from founder Elon Musk, who will remain as Tesla’s chief executive. Mr Musk agreed to give up the chairmanship last month to resolve claims of fraud brought by US financial regulators. The settlement requires Tesla to install an independent chairman, among other penalties. The move scotches reports that James Murdoch might have been appointed to the job. Tesla has endured a difficult few months, following…

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Top stories 

Twitter: Fake Elon Musk scam spreads after accounts hacked

Media playback is unsupported on your device Media captionWho is Elon Musk? Several popular verified Twitter accounts have been hacked by scammers to promote an ad using Tesla boss Elon Musk’s name and likeness. British fashion retailer Matalan, film distributor Pathe UK and US publisher Pantheon Books were among those whose accounts were taken over by scam artists. The scam used promoted tweets – where Twitter is paid by advertisers to make a tweet appear to a wider audience. The tweets have since been deleted with many accounts recovered, though…

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Technology 

Tesla auto-park upgrade to be ready in six weeks: Musk

FILE PHOTO: A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim Hong-Ji (Reuters) – An upgrade to Tesla Inc’s ‘Summon’ auto-parking feature will be ready within six weeks and will allow its vehicles to drive around a parking lot, find an empty spot and read parking signs, Chief Executive Elon Musk said on Thursday. The upgrade will be compatible in all Tesla cars made in the past two years, Musk said in a series of tweets bit.ly/2Puaeur on Thursday. “Car…

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Science 

Musk shakes up SpaceX in race to make satellite launch window: sources

SEATTLE/ORLANDO, Fla. (Reuters) – SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth. FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake/File Photo Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over the pace at which the team was developing and testing its Starlink satellites, according to…

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Technology 

Elon Musk says deleted his Tesla titles

FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/File Photo (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk took to Twitter on Monday, saying he deleted his Tesla titles last week to see what would happen, without giving further details. “Deleted my Tesla titles last week to see what would happen. I’m now the Nothing of Tesla. Seems fine so far,” Musk said on Twitter here. Tesla did not immediately respond to…

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Technology 

Tesla’s Elon Musk says tweet that led to $20 million fine ‘Worth It’

FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/File Photo (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was “Worth It”. The tweet, sent late Friday evening less than an hour before Musk tweeted that he would take a break from Twitter “for a few days,” was in response to a question…

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Technology 

Tesla shares jump as Musk delivers quarterly profit, cash

SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, 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 net profit in the current quarter, helping drive the company’s shares up 14 percent in after hours trading. The controversial Musk, who has often set goals and deadlines that Tesla has failed to…

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Technology 

Elon Musk says Twitter blocked him after Bitcoin tweet

Image copyright Getty Images Image caption Twitter apparently believed someone else was in control of Mr Musk’s account Elon Musk says Twitter briefly blocked him because the tech firm suspected his account had been hacked. The Tesla chief indicated the safety precaution was prompted by a tweet he had sent asking: “Wanna buy some Bitcoin?” Several fake accounts have previously used images of Mr Musk and variations of his name to promote cryptocurrency scams, sometimes within replies to his posts. Twitter has not commented. Mr Musk’s own suspect tweet had…

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Technology 

Elon Musk: Tesla boss mocks US regulator days after settlement

Image copyright Reuters Elon Musk has mocked a US financial regulator just days after reaching an agreement with it over fraud charges. The Tesla boss tweeted the “Shortseller Enrichment Commission”, as he dubbed the Securities and Exchange Commission (SEC), was doing “incredible work”. Last weekend Mr Musk agreed to step down as Tesla chairman and pay a $20m (£15m) fine over tweets that he had funding to take Tesla private. The deal followed the SEC’s decision to sue him for alleged securities fraud. The SEC declined to comment on Mr…

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