It was a Saturday night last March in Buffalo, and Dennis Scott was sitting at home. A stocky veteran with salt-and-pepper hair and a close-cropped beard, Scott had been laid off from Tesla’s factory in Buffalo two months earlier as part of a global reduction in the company’s workforce. Since then, he had taken to […]
SpaceX Launches First Satellites in Massive Starlink Project to Beam Internet Access from Space…
Third time’s a charm. After two delays last week, Elon Musk’s SpaceX launched its heaviest payload yet Thursday night, launching dozens of satellites that are intended to eventually provide high-speed internet access from space. A reusable Falcon 9 rocket lifted off from Florida’s Cape Canaveral carrying 60 Starlink satellites, weighing about 18.5 tons in total. […]
Elon Musk’s SpaceX Is Laying Off Hundreds Off Workers…
Elon Musk’s space exploration company SpaceX is cutting 10 percent of its workforce in an effort to cut down on costs and waste, The Los Angeles Times reported. Musk – as SpaceX CEO – and company President Gwynne Shotwell broke the news to the estimated 6,400-employee workforce Friday at an all-hands meeting at the company’s […]
Musk Settles with the SEC: Will Resign as Tesla Chairman for 3 Years, Pay $20MM Fine, Stay as CEO…
Just one day after the SEC sued Elon Musk for securities fraud, in a move that shocked many who were skeptical the US regulator would do anything more than slap a few wrists – an action which it took only after it emerged that Musk had turned down a settlement offer from the SEC in […]
Tesla’s Stock Soars…
Tesla Snared in Justice Department Criminal Probe…
The U.S. Department of Justice has launched a criminal investigation into Tesla Motors CEO Elon Musk’s tweet indicating he would take the company private after the stock price reached a certain level, according to a Bloomberg report on Tuesday. Federal authorities in the Northern District of California are looking at a tweet by Musk in […]
Elon Musk: ‘I Am a Socialist’…
Tesla CEO and PayPal billionaire Elon Musk surprised many Friday when he declared on Twitter that he is a socialist. Conservative critics, however, may well have agreed, given his companies’ reliance on the state. Musk tweeted his declaration Friday after first tweeting that socialists have no sense of humor: Those who proclaim themselves “socialists” are […]
The Oligarchs’ ‘Guaranteed Basic Income’ Scam by Chris Hedges…
A number of the reigning oligarchs—among them Mark Zuckerberg (net worth $64.1 billion), Elon Musk (net worth $20.8 billion), Richard Branson (net worth $5.1 billion) and Stewart Butterfield (net worth $1.6 billion)—are calling for a guaranteed basic income. It looks progressive. They couch their proposals in the moral language of caring for the destitute and […]
Tesla Will Pay Elon Musk Only If Company Stocks Does ‘Extraordinarily Well’…
Elon Musk, the head of US electric vehicle producer Tesla, will only get paid if company stock shows strong performance, according to a plan approved by Tesla shareholders on Wednesday. Shareholders agreed on a 10-year performance stock award “entirely contingent on achieving market cap and operational milestones that would make Tesla one of the most […]
Trump: NASA Bringing Back ‘Space Flight’ Program and Going to Mars ‘In the very near future’…
President Donald Trump announced during a Thursday cabinet meeting that NASA is “bringing back that whole space flight” program and would be sending “something very beautiful to Mars in the very near future.” Before pivoting to Mars, POTUS praised the recent work of Elon Musk and SpaceX on the Falcon rocket program. “Before me are […]