Adam Neumann Elon Musk Op-ed U.S. Business News WeWork 

WeWork’s CEO Is the Next Elon Musk

WeWork CEO Adam Neumann is on track to become the next Elon Musk. That might sound like a compliment. Trust me – it’s not. | REUTERS / Eduardo Munoz By CCN Markets: The last thing an investor wants to read in an IPO prospectus is a warning that the company’s CEO may have committed an SEC violation – even an itsy-bitsy one. But that’s the case with WeWork co-founder and CEO Adam Neumann, who is on track to become the next Elon Musk for all the wrong reasons. Let me…

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Elon Musk Tesla U.S. Business News U.S. Market News 

Tesla Shorts Are Raking in Profits as Bulls Patiently Await a Short Squeeze

Tesla bears are clearly in control as traders who are short TSLA stock continue to rake in profits while patient bulls await their payday. | Source: Shutterstock By CCN Markets: Traders are shorting TSLA stock like it’s going out of style. Tesla shorts are generating profits hand-over-fist, netting $2.75 billion in mark-to-market profits year-to-date, according to Bloomberg citing S3 Partners data. Ihor Dusaniwsky, managing director at S3 Partners, in recent weeks tweeted that short interest in TSLA was $9.5 billion with roughly 41 million shares shorted, nearly one-third of the…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Latest Sales Pitch Will Blow Up Just Like Its Cars

Elon Musk and Tesla ended free supercharging for lower-priced vehicles but now offer it for luxury models in an attempt to juice-up demand. | Source: Shutterstock You have to give Elon Musk a lot of credit. By creating some kind of news every single day about any one of his ventures, he is not only guaranteed to always be in the news, but he’s able to create a smokescreen that distracts people and investors from the fact that he’s just selling turbocharged snake oil. Only a genius can recover from…

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Elon Musk Tesla U.S. Business News 

Tesla’s ‘Dog Mode’ Malfunctions, Placing Elon Musk in Hot Seat Again

Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla cars after a customer complained that it almost killed his pooch. | Source: REUTERS/Mike Blake Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla electric cars after a customer complained that it almost killed his pet. Musk was alerted to the problem on Twitter by bitcoin investor Rahul Sood, the CEO of e-sports blockchain betting platform Unikrn. As CCN reported, Unikrn is an esports company backed by tech billionaire Mark Cuban. Tesla unveiled Dog Mode in February…

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Elon Musk Ford Tesla U.S. Business News 

Elon Musk Boasts That His ‘Magic’ Tesla Pickup Will Beat Ford’s to Market

Tesla CEO Elon Musk casually dropped a mesmerizing announcement on Twitter over the weekend, teasing that the electric vehicle manufacturer’s “magic” pickup truck could be unveiled within the next quarter. We’re close, but the magic is in the final details. Maybe 2 to 3 months. — e^👁🥧 (@elonmusk) July 27, 2019 There’s been a deluge of hype behind Tesla’s truck after Musk previously mentioned that the vehicle would have the look of a “futuristic-like cyberpunk ‘Blade Runner’ pickup truck.” It also helps that the release of Ford’s all-electric F-150 is…

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Cuphead Elon Musk Gaming Tesla U.S. Business News 

Elon Musk Shows Gaming Prowess, Adds Cuphead to Tesla Arcade

With news that Tesla is adding throwback run and gun indie darling Cuphead to its growing Tesla Arcade library, the company takes an essential step toward making in-vehicle gaming an attractive proposition. Cuphead for Tesla coming out in August — e^👁🥧 (@elonmusk) July 27, 2019 Up until now, lackluster titles such as Beach Buggy Racing 2 have left a lot of owners scratching their heads, not to speak of raising concerns around using the steering wheel as a controller and the impact this would have on tire wear. The addition…

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Elon Musk Op-ed SpaceX U.S. Business News 

Elon Musk Brags About SpaceX Going to Mars. Let’s Send Him First

It isn’t clear yet if Elon Musk simply doesn’t have a filter and says the first thing that comes to his mind or if everything he says is a carefully designed smoke grenade to attract attention away from the 15 ongoing fires that he keeps having to put out. Let’s Go to Mars Case in point: in an interview with CBS News, SpaceX and Tesla CEO Elon Musk not only said that we could land an unmanned vehicle on the moon in two years but also that we will be…

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Elon Musk Op-ed Tesla U.S. Business News 

Elon Musk Slashes Prices, Signaling the Start of Tesla’s Death Spiral

Elon Musk and Tesla just made another move regarding the company’s product line which tells a much bigger story than most people realize. It suggests Tesla’s days are numbered. Cost of Tesla full self-driving option increasing by ~$1000 on August 16 — Elon Musk (@elonmusk) July 16, 2019 Another Price Cut and Discontinued Models Tesla’s best-selling car is the Model 3 because it was intended to be tagged at an “affordable” price of a mere $35,000. In reality, the true price is about $40,000. But Elon Musk and Tesla reportedly…

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bill gates Elon Musk Op-ed Tesla U.S. Business News 

Elon Musk Could Use Some Steve Jobs-Like Wizardry to Fix Tesla

This should be a happy time for Tesla. After recently confounding critics by breaking its quarterly record for vehicle deliveries in Q2 2019, its share price rocketed over seven percent, closing the day just over four percent higher. After a miserable quarter plagued with boardroom infighting, resignations, missed delivery targets, lukewarm sales, safety scandals, lawsuits and an ex-employee who claimed Elon Musk was personally trying to ruin his life, last week’s stock rally was a veritable oasis of good news. That notwithstanding, all is not well with Tesla. Senior executives…

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Elon Musk Jeff Bezos U.S. Business News 

Jeff Bezos to Launch Internet Satellites in Shadow of Elon Musk

In a move that will undoubtedly ruffle Elon Musk’s feathers, Jeff Bezos is applying to launch roughly 3,200 low-orbit satellites, according to a report in Bloomberg. The “Kiuper” project is expected to cost many billions of dollars, with the goal to provide fast and accessible broadband to the masses – precisely what Musk’s SpaceX’s Starlink wants to do. Amazon, Not Blue Origin, Files to Launch Satellites One of the most curious things about the filing is that it’s on behalf of Amazon rather than Bezos’ space company, Blue Origin. It would…

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