Elon Musk’s The Boring Company might have come into existence with the idea of revolutionizing public transport in congested cities but the company is interested in digging far more than just tunnels for its transit systems. Speaking at the National League of Cities’ 2018 City Summit in Los Angeles this week, Musk said that The Boring Company wants to provide tunneling services for a variety of other uses such as […]
Elon Musk has a company that digs tunnels and it’s aptly called The Boring Company. It has been building a tunnel in Los Angeles which is 2 miles long and is located under the streets of Hawthorne where SpaceX, another one of Musk’s companies, is headquartered. A proper transit tunnel is also planned for Chicago.
Tesla CEO Elon Musk has said that the auto-park feature for its cars will be ready in six weeks. The feature, dubbed “Summon,” will enable Tesla cars to drive around a parking lot on their own and find an empty spot. They will also be able to read parking signs.
The U.S. Securities and Exchange Commision recently fined Tesla CEO Elon Musk and the company $20 million each for a tweet he sent back in August. He tweeted on August 7th that he was planning to take Tesla private at $420 a share and that funding for this massive transaction had been “secured.” The SEC later launched an investigation and found that the tweet did not have a basis in […]
Elon Musk has a company that digs underground tunnels and it’s aptly called The Boring Company. Musk has now revealed that the company’s first tunnel is going to open under LA later this year, on December 10th to be precise. The Boring Company has been digging this rapid transit tunnel beneath Los Angeles for several months now.
Tesla CEO Elon Musk tweeted on August 7th that he had been mulling taking Tesla private at $420 per share and that funding for the massive transaction had been secured. It later emerged that while he did have discussions about the matter with potential financial backers it could not be reasonably said that the funding had been secured. The Securities and Exchange Commission filed a lawsuit against Musk after investigating […]
SpaceX recently confirmed more details about its Moon mission that’s planned for 2023. It also revealed the identity of the company’s first paying passenger for the trip around the moon who will be accompanied by eight artists on the trip as well. If you’re not one of those people, don’t worry, you will be able to experience the entire mission in virtual reality.
Tesla CEO Elon Musk recently took investors and the market by surprise when he announced his intention, by Twitter no less, to take Tesla private at $420 per share. He even claimed that funding for this massive transaction had been secured. The company’s board had formed a committee to look into the CEO’s proposal but there won’t be a need for that anymore as Musk has decided to keep Tesla […]
Tesla CEO Elon Musk took many of the company’s shareholders by surprise earlier this month when he tweeted that he’s considering taking the company private at $420 per share. He mentioned in the tweet that the funding for this transaction had been “secured.” Amid reports that Tesla was still in the process of locking down funding for the deal, Musk has now penned a detailed blog post to provide more […]
Earlier this year, Tesla shared some code related to its Autopilot semi-autonomous driving system in addition to the kernels for the Autopilot boards as well as the infotainment system of the Model S and Model X that’s NVIDIA Tegra-based. Tesla CEO Elon Musk has now hinted that the company is open to sharing the code for its car security software with other car makers.
Elon Musk recently took Tesla’s shareholders and the market by surprise when he tweeted that he’s considering taking Tesla private at $420 per share. He also mentioned in the tweet that funding for this endeavor has been secured. However, a new report claims that Musk is still working to bring in sufficient financial support for this transaction which is expected to cost at least $50 billion.
Tesla has been a public company since 2010 and its CEO Elon Musk has now expressed his desire to take the company private. Communicating the desire through his preferred mode of communication, Musk tweeted that he’s considering taking Tesla private at $420 per share. That would not only require approval from the board and the shareholders but also a substantial amount of money. “Funding secured,” Musk added in the tweet.
The Boring Company, another one of Elon Musk’s many ventures, has been selected by Chicago to construct a high-speed link for a route which will be dubbed The Chicago Express Loop. The route will run between Terminals 1-3 of the city’s O’Hare airport and connect it with Block 37 in downtown Chicago. The express route is part of an $8.5 billion redevelopment plan for the airport which also happens to […]
Elon Musk has a lot of great ideas. They involve putting humans on Mars, improving public transportation, revolutionizing the car industry, etc. His latest idea, or the one he has just made public now, is likely going to be a cause for concern to many. Musk has said that he’s toying with the idea of building a service that will enable the public to rank the “core truth” of stories, […]