Elon Musk Now World's Richest Man

Move aside, Jeff Bezos, as Elon Musk is now the world’s richest man. At least according to CNBC.

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It's Semi Time, Musk Says, Pushing Tesla's Stock Into the Ionosphere

Tesla’s valuation got a big boost on Wednesday after CNBC published the contents of a company memo. In it, CEO Elon Musk told employees that it’s time to get cracking on the electric semi truck he said would reach customers in 2019.

Could be, especially given the lengthy delay that followed his initial 2017 promise. The timing is even more suspect given this week’s proclamation by a would-be rival.

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Tulsa Prostrates Itself Before Elon Musk Shrine

Move over, people of Joplin — Tulsa, Oklahoma wants to host Tesla’s proposed second U.S. assembly plant, and it’s prepared to embarrass itself to see it happen.

On Wednesday, Tesla aficionados assembled their vehicles around the city’s famous, 75-foot-tall Golden Driller statue, which they deftly decked out to look like Tesla co-founder and CEO Elon Musk. To Tulsa, Musk is the golden boy. Rumors abound that the sometimes unhinged executive has decided on either Austin, Texas or Tulsa for the new assembly plant site.

Some hope he’ll even move his company’s headquarters out of California.

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Tesla Sues County; Musk Promises to Pick up Toys, Go Home

California announced late last week that it will allow the cautious reopening of manufacturing operations across the state, but Alameda County resisted, claiming it will keep non-essential businesses shuttered until the end of the month.

Guess which county Tesla’s Fremont assembly plant is located in.

Now guess Tesla CEO Elon Musk’s reaction to the country’s announcement. If you speculated that Tesla might sue Alameda Country, with Musk launching an online tirade in which he promises to move Tesla HQ and all future products out of the state, you’d be right.

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One of Our CEOs Is Missing

Elon Musk — a polarizing figure, if there ever was one, in the world of cars — marked the end of what would normally have been a typical work week by tapping into the deepest reaches of his mind.

In compliance with his personal credo of treating us all like one of the family, the Tesla CEO made sure we were all privy to this stream of consciousness by pulling out his phone and opening up Twitter. And in doing so, as has happened before, his company’s stock suffered.

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Hardscrabble Car Salesman Wins Defamation Trial

Sometimes the little guy wins.

Elon Musk, founder of a rocket ship company and CEO of a rising automobile company/cult, left a federal courtroom on Friday more emboldened than ever to say whatever he wants. A unanimous verdict handed down by the jury declared that calling an unknown British diver “pedo guy” on Twitter did not constitute defamation, thus allowing Musk, who has 30 million followers on the social media platform, to sidestep $190 million in damages.

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That Elon Musk Defamation Case Is Getting Pretty Wild

If you’ve grudgingly followed the unseamly goings-ons in the defamation case filed against Tesla CEO Elon Musk by a British cave diver, things just took a turn. Documents filed to a California federal court this week by Vernon Unsworth’s lawyers reveal a plotline worthy of a better-than-average sitcom.

In stating their client’s side of the story, Unsworth’s legal team showcased communications from from Musk, in which the CEO expressed regret for calling the cave diver “pedo guy” on Twitter and sending accusatory emails to a Buzzfeed reporter. It also seems that the private eye Musk hired to dig up dirt on Unsworth is a convicted fraudster who’s now back in jail for parole violation.

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Judge Delivers Musk, SEC an Ultimatum

Treating Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission like a pair of squabbling kindergarteners, a federal judge handed down a message to both on Thursday. Basically, figure out your shit.

The two sides remain locked in a battle sparked by a true product of our time — tweets. The SEC claims Musk’s recent use of Twitter violates the conditions set out in the settlement reached between the regulator and Tesla last year, a settlement resulting from a lawsuit over … tweets.

“Put your reasonableness pants on,” Judge Alison Nathan told the two parties in a New York City federal court yesterday.

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Musk-SEC Battle Rages On; Regulator Claims Tesla CEO's Twitter Account Is Still the Wild West

There’s no shortage of distractions coming out of Tesla to take the focus away from a smoldering legal battle between the automaker and its favorite foe, the U.S. Securities and Exchange Commission.

The SEC, however, isn’t easily led astray by retail store turmoil and the promise of a crossover with no home. The regulator has stepped up its efforts to see Tesla CEO Elon Musk held in contempt of court for violating an earlier settlement agreement. At the root of the two contempt orders, the latest filed on Monday, is the source of all evil in today’s world: social media.

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With Settlement Approved, Elon Musk Has 45 Days to Vacate the Chairman's Seat

Tesla CEO Elon Musk will soon be gone as company’s chairman, but a replacement — someone who’ll need to occupy the position for three years — has yet to be named.

The hourglass was flipped after U.S. District Judge Alison Nathan approved a settlement between Musk and his company and the U.S. Securities and Exchange Commission Tuesday. Musk has 45 days to step down as chairman. Double the amount of time is allowed for the automaker to name two independent board members, though Musk and Co. only have two weeks to pony up their $20 million fines.

The settlement, which stayed on track despite Musk’s attempt to screw the whole thing up, contains a punishment perhaps far greater than those listed already: Musk now requires a Twitter parent.

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All the Press: Tesla the Target of Criminal Probe, Report Claims

What a week it’s shaping up to be for Tesla CEO Elon Musk. Interestingly, if this latest report proves true, we can pin the blame for all of Musk’s misfortune over the past 24 hours on the presence of social media, and his tendency to overuse it.

According to Bloomberg, the U.S. Justice Department has opened a fraud investigation into Musk’s infamous “funding secured” tweet — the online message that kicked off a strange journey that ultimately went nowhere.

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Local Man Finally Hit With Libel Suit

A Silicon Valley resident had a big day yesterday. After finally revealing the real, live, human being he plans to stuff on top of a rocket for a journey around the moon, this same resident also received notice of a lawsuit filed against him. Big, big day.

What’s amazing about Vernon Unsworth’s libel suit is how completely avoidable it was. However, as we’re dealing with the mind of Tesla CEO Elon Musk here, the suit — which accuses Musk of libel, assault, and slander — seemed from the outset to be unavoidable. This is a man who goaded the litigant to sue even after apologizing for calling a man he’s never met a “pedo” on Twitter. Musk then forgot all about the apologies and doubled down on the unsubstantiated claim, even as Unsworth secured legal representation.

And why? Unsworth helped rescue a Thai soccer team from a flooded cave but had the nerve to criticise Musk’s homemade submarine, which rescuers never employed in the cave extraction. It’s enough to make one believe that only a certain type of personality makes it big in Silicon Valley.

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Man on the Edge: New York Times Interview Shows Elon Musk at His Lowest

It’s a portrait of a man who’s gone past fraying at the edges. In an hour-long interview with the New York Times, Tesla CEO Elon Musk appears as a man threatening to come apart — and it’s not a joyous sight.

Despite the frustration stemming from Musk’s actions and pronouncements, and the aggravation born of his cheerleading, conspiracy theorizing fan base, it’s difficult to watch a man’s ambition and drive spiral into self-destruction.

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Musk Blames Car Dealers For Lackluster EV Sales

Tesla’s Elon Musk found someone to blame for the lackluster sales of EVs, and the death of some EV makers: Car dealers, and their National Automobile Dealers Association NADA.

“The auto dealers association is definitely creating some problems for us, making it harder to get things done,” Musk said at Tesla’s shareholder meeting with Reuters taking notes. Tesla wants to sell its cars directly to consumers, which is against the law in most states. Attempts to have the law changed “met stiff resistance from dealer groups around the country,” Reuters says. Musk keeps trying.

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Musk Promises Triple The Superchargers, Transcontinental EV Trips

Tow truck delivers Model S to charging station

Tesla “will triple its network of superchargers for electrical vehicles by the end of next month,” Elon Musk told Reuters.

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  • Jwee I think it is short sighted and detrimental to the brand. The company should be generous to its locked-in user base, treating them as a resource, not a revenue stream.This is what builds any good relationship, generosity to the other partner. Apple does with their products. My iPhone is 5 years old, but I keep getting the latest and greatest updates for free, which makes me feel valued as a customer and adds actual value. When it is time for a new phone, Apple past treatment towards me certainly plays into my decisions (as did BMW's - so long subscription extracting pigs, its been a great 20 years). Imagine how much good will and love (and good press) Polestar would get from their user base if they gave them all a "68 fresh horses" update overnight, for free. Brand loyalty would soar (provided their car is capable).
  • ToolGuy If I had some space I would offer $800 and let the vehicle sit at my place as is. Then when anyone ever asked me, "Have you ever considered owning a VW?" I would say "Yes."
  • ToolGuy In the example in the linked article an automated parking spot costs roughly 3% of the purchase price of the property. If I were buying such a property, I would likely purchase two parking spots to go with it, and I'm being completely serious.(Speaking of ownership vs. subscription, the $150 monthly maintenance fee would torque me off a lot more than the initial acquisition cost.)
  • ToolGuy "which will be returned as refunds to citizens of the state" - kind of like the Alaska Permanent Fund? Make the amount high enough and I will gladly move to California to take advantage (my family came close to moving there when I was a teen, and oodles of people have moved from CA to my state, so I'm happy to return the favor).Note to California: You probably do not want me as a citizen.
  • ToolGuy Nice torque figure.