Tesla Motors Inc CEO Elon Musk and other prominent tech company executives raised $1 billion through an initiative called Open A.I. to fund an artificial intelligence research company.
Tags: Elon Musk
Tesla Shares Rose and Expecting Profit in 2016, But Investors Still Have Concern
As CEO Elon Musk promised investors to bring the company to profitability in 2016, Tesla shares rose. However, investors still have concern with the company's performance as it posted another loss in Q4 2015.
Tesla Reported Fourth Quarter Loss in 2015
Tesla reported loss in the fourth quarter of 2015 on Wednesday. The carmaker said it lost $114 million on an adjusted basis, but its share increased in after hours trading.
Tesla Denies to Launch Two New Cars in March
Tesla denies rumor that the electric car maker will launch two new models in March. However, the company will build a third generation platform for its vehicle to support its sedan and SUV model.
Tesla cars sale fell below expectation
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
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Amazon.com founder Jeff Bezos-owned space company, Blue Origin, has surpassed a significant milestone as its rocket ship returned and landed safely after travelling in outer space.
Luxury vehicles as much as possible are perfectly manufactured from every angle to maintain company's repute and market. Tesla, despite being relatively small as compared to automakers, cares more about its repute. Even a single fault discovered in its luxury vehicles isn't tolerated.
Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
Tesla's stock went up 8.5 percent to $226 after reporting their third quarter earnings where it delivered more cars than expected. Reuters reported that the car company will boost up the production of its electric cars after its Model X SUV saw a strong rollout, bringing its stock up 9 percent even as it reported its biggest loss in ten quarters.
A partnership between Boeing Co. and Lockheed Martin Corp. known as United Launch Alliance (ULA) has sealed a deal with Jeff Bezo's space company, Blue Origin. The new partnership agreement took place as Aerojet Rocketdyne Holdings was reported to have made an offer to buy the joint venture company for a reported amount of $2 billion cash.
As part of its objective to promote industrial and business activity, Florida County has offered incentives to Blue Origin to make and launch rockets near NASA's Kennedy Space Center. Blue Origin has been promoted by billionaire Jeff Bezos, founder and Chief Executive of Amazon.com. The space center is coming up in Brevard County.
Hyperloop Transportation Technologies had agreed to work with Oerlikon Leybold Vacuum and engineering design company, Aecom, to build Elon Musk's vision; the Hyperloop tube.
Elon Musk has identified the possible reason why SpaceX's Falcon 9 rocket exploded mid-air on June 28th. And he says there's a valuable lesson to be learned.
Elon Musk, the brain behind Tesla, SolarCity, and SpaceX, has previously presented what he calls the fifth mode of transport - the Hyperloop.
