Business News Elon Musk Ford Tesla 

Ford F-150 and Tesla Cybertruck to Compete in Fair Tug-of-War Battle

Tesla shows a video of a Cybertruck pulling an F-150. The VP at Ford X challenges Tesla for an apples-to-apples rematch. Elon Musk says: “bring it on.” Last week, the co-founder and CEO of Tesla, Elon Musk, introduced an all-electric pickup truck, dubbed Cybertruck. The new battery-powered vehicle was brought as direct competition to the Ford F Series, which has been the best selling pickup truck for more than 40 years in the U.S. During the unveiling of Tesla’s sixth vehicle model, Musk displayed a video of a head-to-head contest…

Read More
Business News Elon Musk Tesla 

Tesla Shorts Fire Back as Elon Musk Mistakenly Declares Victory

Musk replied to Twitter user @TeslaTested who claimed Jim Chanos covered his short position after having lost $175 million. Jim Chanos has since dispelled the rumors. Questions surrounding Tesla’s accounting practices remain unanswered. CEOs of large cap companies don’t usually spend their time attacking short sellers. They know if their business performs well, it will reflect in the stock price and short sellers will have no option but to cover their positions for a loss. As a result, engaging in a battle with the shorts is considered a waste of…

Read More
Business News Elon Musk Tesla 

Why Germany Is a Terrible Choice for the Newest Tesla Gigafactory

Elon Musk said the company will be opening its new Gigafactory in Germany. Manufacturing in Germany is expensive and European car sales are weakening. Tesla doesn’t have enough cash to fund its product pipeline. In typical Elon Musk fashion, the billionaire tech mogul took to Twitter to announce that Tesla will be setting up a Gigafactory in Berlin. Musk announced the location of the new Tesla Gigafactory. | Source: Twitter Musk added: Everyone knows that German engineering is outstanding, for sure. That’s part of the reason why we are locating…

Read More
Business News Elon Musk Market News PG&E Tesla 

Elon Musk in Twitter Return Pushes Tesla’s Powerwall Over PG&E Fears

After taking a brief break from Twitter, Tesla CEO Elon Musk is back with a bang, raising the astonishing issue that bankrupt PG&E could result in rolling blackouts for the next decade. Elon Musk’s PG&E Tweet Hints at Need for Powerwall On the face of it, this appears to be a problem for Elon Musk and electric car-loving Californians, but the intent of this tweet is to pump Tesla’s new Powerwall offering. This solar-charged battery pack is a vital part of the completely sustainable solar-based system that Musk is seeking…

Read More
Business News Elon Musk Op-ed Tesla 

Hilarious ‘Smart Summon’ Videos Prove Tesla Makes a Clown Car

It isn’t enough that Tesla cars spontaneously combust, or that they drive into things when left to their own devices. Nor is it enough that the world seems to hinge on whether or not Elon Musk and company will deliver a certain number of cars in a quarter while every other car manufacturer has no problem meeting any form of quota. With its “Smart Summon” feature, Tesla has now become a clown car manufacturer. Tesla’s Not-So-Smart Summon The “Smart Summon” feature is designed to let Tesla owners press a button…

Read More
Business News Elon Musk Tesla Volkswagen 

Tesla Channels Elon Musk in Not-so-Humble Model S Brag –

Tesla channeled CEO Elon Musk in its not-so-humble brag about the Model S that set a speed record at California’s Laguna Seca racetrack. | Source: REUTERS / Brendan McDermid (i), Tesla/YouTube (ii). Image Edited by CCN. Elon Musk gushed that a prototype for the Tesla “Plaid Model S” broke the speed record for a four-door sedan at the Laguna Seca racetrack in California. Musk excitedly shared the news on Twitter. He noted that the Plaid Model S would be more expensive than other Tesla models but less than its competitors….

Read More
Elon Musk Tesla U.S. Business News 

Elon Musk Catches Backlash for Early Flaws in Tesla Insurance – CCN Markets

Elon Musk tweeted about new Tesla automotive insurance today. Followers came out in flocks, claiming the new insurance is so much better than other companies. | Source: Source: REUTERS/Mike Blake Elon Musk took matters into his own fingers today and pumped the new Tesla auto insurance on Twitter. The rock-star smart-guy, known for space travel and smoking weed on podcasts, tweeted that his company’s new insurance should be “20% less than [average].” At the end of the tweet, he asks for “critical feedback.” He got it. Try Tesla Insurance. Should…

Read More
Elon Musk Op-ed Ron Baron Tesla U.S. Market News 

In Backing Elon Musk, Has This Legendary Fund Manager Lost His Mind? 

Tesla founder and CEO Elon Musk continues to have the support of famed investor Ron Baron. | Source: REUTERS/Mike Blake By CCN Markets: Widely admired and successful mutual fund manager Ron Baron, CEO and chief investment officer of the Baron Funds, expressed his support for Elon Musk and Tesla on CNBC on Tuesday. What is Ron Baron Thinking? This comes as a bit of a surprise, because Ron Baron has a multi – decade history of prudent and diligent investments across all kinds of stocks. Virtually every one of his…

Read More
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…

Read More
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…

Read More