By on May 4, 2017

Elon Musk + Tesla Model S Circa 2011

Tesla CEO Elon Musk isn’t getting any. By that we mean profits, as the electric automaker reported a $397 million first-quarter loss yesterday, adding to the red ink spilled in the previous quarter.

While the company’s revenue rose 18.4 percent in Q1 and deliveries climbed 12 percent, spending on Model 3 production more than offset the increase in cash flow. Musk took the loss in stride, playing the long game in a quarterly investors call, and claimed a combination of higher production numbers and lower operating costs will send those gray clouds packing.

Finances aside, the conference call yielded far more interesting topics, including details of the upcoming Model Y. Also, it seems people are becoming confused by Tesla’s naming strategy, and Musk has no one but Ford — and a dirty mind — to blame. (Read More…)

By on August 2, 2016

Scooby Doo Mystery Machine

If Elon Musk’s tweets are accurate (and who can prove that they aren’t?), the Tesla CEO plans to build Millennials and hippies their dream ride at some point in the foreseeable future.

As per tradition, Musk took to Twitter to release snippets of detail about his sprawling (but vague) 10-year “master plan,” including what to expect from the automaker’s next two models. One proposed model is a no-brainer, but the other would be worshipped at a counterculture love-in. (Read More…)

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