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Keyword: elonmusk

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  • Senators vow to reassert America's rocket power

    07/16/2014 2:12:31 PM PDT · by Tailgunner Joe · 6 replies
    thehill.com ^ | July 16, 2014 | Julian Hattem
    Lawmakers and top military officials on Wednesday expressed fears that friction with Russia could someday leave the United States without the power to launch rockets into space. Reliance on a single Russian engine to launch many critical military satellites could come back to haunt the U.S., officials said, if tensions between the two nations continue to rise. “If you consider space a national security priority, then you absolutely have to consider assured access to space a national security priority,” Gen. William Shelton, commander of the Air Force’s space command, testified in a joint Senate committee hearing on Wednesday. “Given that...
  • Tesla Enthusiasm for Battery Swap Wanes After Subsidies Disappear

    06/30/2014 10:31:19 AM PDT · by jazusamo · 12 replies
    NLPC ^ | June 30, 2014 | Paul Chesser
    NLPC has extensively documented howTesla Motors has taken advantage of market distortions to reap revenues – including government mandates, subsidies, and taxpayer support – not the least of which have been so-called “zero emission credits” from the state of California. But much of the revenue Tesla enjoyed last year – which often meant the difference between profit and loss – was credited based upon theoreticaltechnological capabilities and not ones actually put into practice. CEO Elon Musk has also relied on accounting gimmicks to enhance his bottom line over the last 18 months, during which a couple of quarterly earnings...
  • Morgan Stanley On Tesla: 'Whoa'

    06/26/2014 2:25:31 PM PDT · by ckilmer · 81 replies
    businessinsider.com ^ | Jun. 17, 2014, 2:04 PM | Rob WileRob Wile
    Morgan Stanley's Adam Jonas is out with an awesome and slightly hilarious note in which he argues Tesla is now, maybe, the most important car company in the world. "Not even two years after the delivery of the first Model S, Tesla Motors has transformed from fledgling start-up to arguably the most important car company in the world. We are not joking."
  • Elon Musk Announced Another Huge Bet Today, And The Fate Of The Solar Industry Is Riding On It

    06/17/2014 11:58:19 AM PDT · by PoloSec · 51 replies
    Business Insider ^ | June 17 2014 | Rob Wile
    We recently explained how Tesla needs to build what it is calling a "gigafactory" for batteries in order to survive. The rest of the world is not building enough lithium ion storage to meet what Tesla thinks will be surging demand, so it has decided it must do it itself by making a very costly factory. Tuesday, SolarCity (Elon Musk's other company) announced it will have to do the same for solar panels. The firm unveiled plans to build one of the world's largest high-efficiency solar panel plants, using technology from Fremont-based Silevo, which they also said they'd acquired. "We...
  • 'Pumpkin' Moonship for Private Manned Lunar Landings Passes Key Review

    05/15/2013 11:33:40 AM PDT · by EveningStar · 11 replies
    Space.com ^ | May 14, 2013 | Mike Wall
    A private space exploration company's plans to build a novel moonship to return human explorers to the lunar surface has moved one step closer to reality. Aerospace giant Northrop Grumman has completed a lunar lander feasiblity study for the Golden Spike Company, which aims to begin ferrying paying customers to the moon and back by 2020. Click to enlarge:
  • Elon Musk Makes 3-D Printing History

    06/02/2014 5:43:28 PM PDT · by ckilmer · 22 replies
    fool.com ^ | June 2, 2014 | Steve Heller
    Recs 17   Back to Yahoo! Elon Musk Makes 3-D Printing History By Steve Heller | More Articles | Save For Later June 2, 2014 | Comments (6)   SpaceX Dragon V2. Source: SpaceX.Wearing his hat as CEO of SpaceX, Elon Musk unveiled the future of space transport with the Dragon V2 spacecraft on Friday. Unlike Dragon V1, which was designed to carry cargo loads to and from the International Space Station, Dragon V2 will be able to transport up to seven humans to and from the ISS, and its robust thermal protection system makes the spacecraft capable of...
  • Astronomy Picture of the Day -- The Space Station Captures a Dragon Capsule

    06/02/2014 1:14:25 AM PDT · by SunkenCiv · 5 replies
    NASA ^ | June 02, 2014 | (see photo credit)
    Explanation: The space station has caught a dragon. Specifically, in mid-April, the International Space Station captured the unmanned SpaceX Dragon capsule sent to resupply the orbiting outpost. Pictured above, the station's Canadarm2 had just grabbed the commercial spaceship. The Dragon capsule was filled with over 5000 lbs (2260 kilos) of supplies and experiments to be used by the current band of six ISS astronauts that compose Expedition 39, as well as the six astronauts that compose Expedition 40. After docking with the ISS, the Dragon capsule was unloaded and eventually released, splashing down in the Pacific Ocean on May 18....
  • NASA: Humans on Mars by 2035 is 'primary focus'

    06/01/2014 1:02:02 PM PDT · by BenLurkin · 23 replies
    chron.com ^ | May 29, 2014 | Carol Christian |
    NASA has been talking about sending people to Mars by 2035. That goal is still on the books, despite recent upheaval in the space program, according to two of the agency's top scientists. "In the near term, Mars remains our primary focus," Ellen Stofan, NASA's chief scientist said May 15 in a talk at the Royal Institution in London ... ....scientists [also] decided to "redirect" an asteroid into an orbit of the moon and are searching for an asteroid that's an appropriate candidate. "Once we find the right one, we'll use all the technology we've got," he said. "We'll snag...
  • SpaceX Dragon v2 Unveil

    05/29/2014 7:48:12 PM PDT · by Vince Ferrer · 31 replies
    SpaceX ^ | May 29, 2014 | SpaceX
    Elon Musk is revealing the new design of the hopefully soon to be man-rated Dragon capsule. This is an important step forward for the company, and for American space travel. Innovations include: It is fully reusable, much like the grasshopper first stage, and will land on land. A Dragon 2 capsule launched from a grasshopper first stage will be an order of magnitude cheaper than any other current spacecraft. Nice safety features. While it is designed to land under rocket power, it can land via parachute like the Apollo era and current dragon capsules if the engines fail. The Dragon...
  • Elon Musk to unveil spacecraft to ferry astronauts

    05/29/2014 4:27:52 PM PDT · by Olog-hai · 23 replies
    Associated Press ^ | May 29, 2014 5:52 PM EDT | Raquel Maria Dillon
    SpaceX, which has flown unmanned cargo capsules to the International Space Station, planned to unveil a new spacecraft Thursday designed to ferry astronauts to low-Earth orbit. The Southern California-based rocket builder, founded by billionaire Elon Musk, is one of several private companies vying to develop “space taxis” for NASA to replace the retired space shuttle fleet. …
  • Elon Musk says he lost a multi-billion-dollar contract when SpaceX didn’t hire a public official

    05/24/2014 7:40:53 AM PDT · by Corporate Democrat · 18 replies
    Quartz ^ | May 23, 2014 | Tim Fernholz
    Elon Musk isn’t afraid to shake things up, and he did so again with accusations that US defense contracts awarded to a competitor were the product of corruption. SpaceX, Musk’s orbital transport firm, has been competing for a major contract to put US Air Force satellites in orbit. With a dearth of private investment in space and the end of the US space shuttle program, SpaceX has quickly leapt to the fore of aerospace firms with the help of contracts from NASA to provide re-supply missions to the International Space Station and develop a manned spacecraft to fly astronauts there....
  • Dragon cargo capsule encounters water seepage

    05/21/2014 4:12:09 PM PDT · by Yossarian · 15 replies
    Spaceflight Now ^ | 5/21/14 | STEPHEN CLARK
    COLORADO SPRINGS, Colo -- Sea water seeped into SpaceX's Dragon supply capsule when it parachuted into the Pacific Ocean on Sunday, the second such occurrence since the cargo carrier began flying to the International Space Station in 2012, but a NASA space station manager said Wednesday there is no indication the incident damaged any of the sensitive research samples stowed inside. The Dragon spacecraft descends to a parachute-assisted touchdown Sunday. Photo credit: SpaceX  "SpaceX did occur a minor incursion that they saw upon opening the hatch," said Dan Hartman, NASA's deputy space station program manager. "That has not caused us...
  • SpaceX Set to Test Raptor Engine Components at NASA Stennis

    05/20/2014 5:11:50 PM PDT · by Jack Hydrazine · 43 replies
    SpaceRef.biz ^ | 24APR2014 | Marc Boucher
    Nearly six months after announcing that SpaceX would be testing Raptor engine components at NASA's Stennis Space Center, a ribbon cutting ceremony this past Monday officially unveiled the newly refurbished E-2 test stand. SpaceX has been working on the Raptor methane-fueled rocket engine since 2009. The new engine, a reusable engine is destined to be used in future versions of the Falcon Heavy and in the long term for the notional SpaceX Mars Colonial Transporter. Testing is set to begin within the coming days after the E-2 test stand activation is completed a spokesperson for SpaceX confirmed to SpaceRef. SpaceX...
  • Spacex will be trying to get the Dragon crew rated in 2014

    05/01/2014 8:28:52 PM PDT · by Vince Ferrer · 8 replies
    Next Big Future ^ | May 1, 2014 | NextBigFuture
    A U.S. Court of Federal Claims judge issued an injunction late Wednesday prohibiting a joint venture between Lockheed Martin and Boeing from proceeding with plans to buy Russian-made rocket engines. SpaceX sued the federal government Monday, protesting the Air Force’s award of a lucrative space contract, saying it should have been competitively bid. In the suit, SpaceX criticizes United Launch Alliance (ULA) for using Russian engines in some of its rockets, which SpaceX founder Elon Musk said might be a violation of U.S. sanctions and was unseemly at a time when Russia “is the process of invading Ukraine.” Musk alleged...
  • Watch Elon Musk's Reusable Rocket Launch And Land Itself In This Amazing Video Shot By A Drone

    04/18/2014 1:56:24 PM PDT · by blam · 28 replies
    BU ^ | 4-18-2014 | Jillian D'Onfro
    Watch Elon Musk's Reusable Rocket Launch And Land Itself In This Amazing Video Shot By A Drone Jillian D'Onfro April 18, 2014, 2:27 PM Elon Musk's private space company, SpaceX, has been experimenting with reusable rockets since last year. Because the cost of fuel is much less compared to the cost of building a rocket from scratch every time, Musk and his team are trying to master reusable rockets so they can get closer to their goal of making commercial space travel more affordable. The company just posted an amazing video on YouTube of its Falcon 9 Reusable rocket lifting...
  • Giant Tesla battery factory producing 'affordable' electric cars at $35,000? [Nevada solar?]

    04/12/2014 3:07:03 AM PDT · by Cincinatus' Wife · 50 replies
    The Drum ^ | February 27, 2014 | Noel Young
    "......The California car firm yesterday revealed plans for the factory that would employ up to 6,500 people , cover 1,000 acres, and cost $5 billion, said the Wall Street Journal, Solar and wind farms would at least in part supply the huge power needs of the plant in either Nevada, New Mexico, or Arizona. Reno is thought to be a favorite. Tesla needs its own production to hit its cost target for a more affordable car. Tesla Chief Executive Elon Musk's idea is a "Gigafactory" that takes in raw materials and produces finished lithium-ion batteries. He has said he intends...
  • Triumph of His Will (Elon Musk / SpaceX bio)

    04/07/2014 7:46:11 AM PDT · by Jack Hydrazine · 19 replies
    Esquire Magazine ^ | 15NOV2012 | Tom Junod
    He is sitting at his desk, at the headquarters of his company — of one of his companies — SpaceX. He is eating. He is eating a plate of food that his personal assistant gave him. It is late, and he is eating to stay on schedule. He is a man of scrupulously developed politesse, and he worries that eating his scheduled dinner while completing his scheduled interview might give offense. It does not, because although he eats hungrily, he never succeeds in making his food look appetizing. On his white plate is a turkey leg, a sad bouquet of...
  • Can Elon Musk -- and Save Taxpayers Billions of Dollars?

    03/30/2014 7:07:43 PM PDT · by ckilmer · 44 replies
    fool.com ^ | March 30, 2014 | Rich Smith
    Can Elon Musk Convince the U.S. Senate to Level the Playing Field -- and Save Taxpayers Billions of Dollars in the Process? By Rich Smith | More Articles March 30, 2014 | Comments (2) Explaining the space business to the commander in chief. Photo: NASA."SpaceX was founded to radically improve space transport technology. ... Today, it is one of the leading aerospace companies in the world, with nearly 50 missions contracted ... eight [Falcon 9 rockets launched] with 100% mission success, including four launches for NASA, three to the International Space Station, and sophisticated geostationary spacecraft for the world's leading...
  • Tesla's 'GigaFactory': Batteries not included?

    03/22/2014 1:43:07 AM PDT · by Cincinatus' Wife · 7 replies
    Pittsburgh Tribune-Review ^ | March 21, 2014 | Daniel Mcgroarty
    To convey some sense of the audacity of Tesla's Elon Musk and his plans, consider that the sale of all-electric vehicles in the U.S. reached a high of 100,000 in 2013 — but that's still less than 1 percent of all cars sold. Enter Tesla's GigaFactory, aiming by 2020 for annual production of 500,000 lithium-ion battery packs. Under one roof — a very large one, at 10 million square feet — Tesla will “manage everything from processing raw materials to the assembly of the batteries.” All of which begs the question: Where is all that lithium going to come from?...
  • GOOGLE's LARRY PAGE: I Would Rather Give My Billions To Elon Musk Than Charity

    03/20/2014 7:20:25 AM PDT · by SeekAndFind · 27 replies
    Business Insider ^ | 03/20/2014 | Jay Yarow
    Google CEO Larry Page has an unusual idea about what should happen to his billions should he die. Instead of giving it to a philanthropic organization, he'd rather hand over his cash to Elon Musk, the founder of Tesla, SpaceX, and Solar City. In a conversation with Charlie Rose at a TED conference on Wednesday, Page said he wanted his money going to capitalists like Musk — those with big ideas for changing the world — according to a report at Wired. He thinks Musk's vision for going to Mars "to back up humanity" is inspired. He said, "That’s a...
  • Car Dealers Are Terrified of Tesla’s Plan to Eliminate Oil Changes

    03/14/2014 12:35:29 PM PDT · by ckilmer · 33 replies
    samachar.com ^ | 03.14.14 6:30 AM | Marcus Wohlsen
    Car Dealers Are Terrified of Tesla’s Plan to Eliminate Oil Changes By Marcus Wohlsen03.14.146:30 AM   The Tesla Roadster 2.5. Image: Tesla Car dealers fear Tesla. In states across the country, powerful car dealer associations have lobbied to ensure the electric car maker and its direct-sales model are kept out. This movement claimed another victory this week when New Jersey banned Tesla stores in the state.On the surface, the fear is hard to fathom. In New Jersey, for instance, sales of Tesla’s $70,000 Model S reportedly number in the hundreds. But if you dig a little deeper, it becomes obvious...
  • Tesla reveals $5 billion Gigafactory, the world's largest battery plant

    02/26/2014 8:56:24 PM PST · by ckilmer · 93 replies
    recode.net ^ | 02/26/2014 | Justin Hyde
    Tesla reveals $5 billion Gigafactory, the world's largest battery plant By Justin Hyde 6 hours ago Motoramic   .View photo Tesla Motors No automaker has quite the momentum that Tesla Motors enjoys today. It sells every car it builds easily, with customers queuing around the globe. It's considered the best car for sale in America by several critics, and Wall Street has bought into Elon Musk's vision with a fervor rarely seen outside riverside baptisms. And yet everything Tesla stands for today and wants to accomplish in the future rides on a single stubborn, expensive piece of technology — the...
  • Next SpaceX Falcon 9 Rocket Gets Landing Legs for March Blastoff to Space Station – Says Elon Musk

    02/26/2014 6:41:24 AM PST · by BenLurkin · 17 replies
    universetoday.com ^ | February 25, 2014 | Ken Kremer on
    The next commercial SpaceX Falcon 9 rocket that’s set to launch in March carrying an unmanned Dragon cargo vessel will also be equipped with a quartet of landing legs in a key test that will one day lead to cheaper, reusable boosters, announced Elon Musk, the company’s founder and CEO. The attachment of landing legs to the first stage of SpaceX’s new and more powerful, next-generation Falcon 9 rocket counts as a major step towards the firm’s eventual goal of building a fully reusable rocket. ... SpaceX engineers will continue to develop and refine the technology need to accomplish a...
  • Muslims 'warned in Fatwa not to live on Mars'

    02/19/2014 12:12:53 PM PST · by MeshugeMikey · 99 replies
    Telegraph.co.uk ^ | Feb 18 2014 | Barney Henderson
    FaTwa reportedly issued warning Muslims not to make 'hazardous trip' to live on Mars Muslims have been warned in a Fatwa not to go and live on Mars because it would pose "a real risk to life", according to a Dubai news organisation. The General Authority of Islamic Affairs and Endowment (GAIAE) in the United Arab Emirates said that anyone making such a "hazardous trip" is likely to die for "no righteous reason
  • NASA's Pivot Back to the Moon

    02/08/2014 11:04:54 AM PST · by Marcus · 14 replies
    Yahoo Voices ^ | February 8, 2014 | Mark R. Whittington
    It is a commentary on how adrift NASA space policy is when one considers that four years after President Obama made his "we choose not to return to the moon" speech that the space agency may be pivoting back to the moon. Paul Spudis, a planetary geologist and return to the moon advocate, has read the tea leaves and has seen the first, tentative steps toward a pivot back to the moon. Elon Musk, the space entrepreneur and political ally of Barack Obama, has recently conceded that expeditions to the moon would be useful. NASA is partnering with private companies,...
  • UAW Sets Up Organizing Committee at Tesla's Fremont Factory

    01/06/2014 4:14:33 PM PST · by nascarnation · 19 replies
    Autoblog Green ^ | 1/06/2014 | S. Blanco
    Tesla is happy to do things differently than other automakers, from the company-owned stores to the all-electric drivetrain. It also doesn't use union workers at its factory in Fremont, California (the former NUMMI plant, pictured). But now the United Auto Workers (UAW) is testing the waters for representation at the plant, according to a report in the San Francisco Chronicle. UAW President Bob King has revealed that the UAW has created an organizing committee in Fremont. How this would change things at Tesla – and whether it would be a good or bad thing – is not really known, but...
  • 3 Reasons Tesla Motors Will Dominate in 2014

    01/04/2014 10:31:44 AM PST · by ckilmer · 64 replies
    fool.com ^ | January 3, 2014 | Tamara Walsh
    3 Reasons Tesla Motors Will Dominate in 2014 By Tamara Walsh | More Articles | Save For Later January 3, 2014 | Comments (2) Tesla Motors (NASDAQ: TSLA  ) celebrated a record year in 2013, with the stock surging nearly 350% during the year. That's a serious improvement over Tesla's gain of just 7% in 2011. The electric-car maker passed many milestones along the way, including reporting its first quarterly profit and winning the academy award of autos as its zero-emissions Model S took home Motor Trend's 2013 "Car of the Year" award. With the stock growing in value from $32...
  • Hard to Take the German Absolution of Tesla Fires Seriously

    12/05/2013 2:31:19 PM PST · by jazusamo · 9 replies
    NLPC ^ | December 5, 2013 | Paul Chesser
    Following incidents in Washington state, Mexico andTennessee, the National Highway Traffic Safety Administration announced it would probe fires that occurred recently over a six week period in Tesla Motors’ electric Model S. And this week, as revealed in a Detroit News story, the NHTSA looks like they’re serious – at least more serious than Germany’s transportation safety authority. Why bring up Germany? Because as the regulatory heat bears down in the U.S. on Tesla and high-profile CEO Elon Musk, they have trotted out the Eastern Europe nation to demonstrate that they’ve been absolved of any culpability in the fires. The...
  • NHTSA to Investigate Tesla Fires as Battery Facts Remain Elusive

    11/26/2013 3:20:32 PM PST · by jazusamo · 13 replies
    NLPC ^ | November 25, 2013 | Paul Chesser
    After three recent fires, Tesla Motors CEO Elon Musk said he asked the National Highway Tranportation Safety Administration to investigate its Model S. NHTSA said no he didn’t. Tesla has been saying it received the highest safety rating in the U.S., a “new combined record of 5.4 stars.” NHTSA says there’s no such thing. Musk said he expects the investigation will clear Tesla after incidents in which metal objects struck the underside where the Model S battery is located. NHTSA says we’ll see, and a decision whether there should be a recall will likely take months. Maybe a lie...
  • Solar firm linked to Obama donors could be 'next Solyndra,' top GOP Sen. warns

    11/19/2013 6:01:59 PM PST · by jazusamo · 17 replies
    Fox News ^ | November 19, 2013 | Joseph Weber
    A California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.” Among SolarCity Corp.’s biggest investors is Elon Musk -- the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration. Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department. “There is...
  • US safety agency opens probe into Tesla fires

    11/19/2013 5:17:14 AM PST · by Cincinatus' Wife · 4 replies
    Houston Chronicle ^ | November 19, 2013 | TOM KRISHER, AP
    DETROIT (AP) — The U.S. government's auto safety watchdog has opened an investigation into battery fires in Tesla Model S electric cars. The National Highway Traffic Administration says fires broke out in two of the cars in the U.S. after the undercarriage hit metal road debris. The debris pierced the batteries and caused a thermal reaction and fires. In each case, the car warned the driver of the damage, and both escaped without getting hurt. The probe affects more than 13,000 cars from the 2013 model year that were sold in the U.S. Tesla has sold about 19,000 of the...
  • Tesla to Target Rich, Environmentally Conscientious Rednecks?

    11/18/2013 8:44:30 AM PST · by jazusamo · 32 replies
    NLPC ^ | November 18, 2013 | Mark Modica
    Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....
  • Elon Musk to make James Bond submarine car a reality

    10/19/2013 6:31:26 AM PDT · by Pan_Yan · 12 replies
    CNN Money ^ | October 18, 2013: 7:55 AM ET | Peter Valdes-Dapena
    What does a man capable of building electric cars and space launch vehicles need? Perhaps a submarine car once driven by James Bond. When the car-turned-submarine from the 007 classic "The Spy Who Loved Me" was sold at auction in September for nearly a million dollars, the identity of the buyer was kept secret, as it usually is in collector car auctions. Thursday night, a Tesla Motors spokeswoman confirmed that the submarine, modeled after a Lotus sports car, had been bought by Tesla (TSLA) CEO Elon Musk. Musk plans to take the movie prop and turn it into an actual...
  • Tesla Model S scores highest marks ever on U.S. crash testing

    08/20/2013 9:10:28 PM PDT · by grundle · 62 replies
    yahoo.com ^ | August 20, 2013 | Justin Hyde
    As much as electric car builders hail their vehicles as the future of transportation, one question they couldn't answer fully was just how well their vehicles would withstand a crash. Automakers have spent decades finessing their chassis; what happened when an engine-less vehicle went head-on into a barrier wasn't clear, and as the post crash-test smoldering of a Chevy Volt demonstrated, the batteries posed new challenges. Leave it to Tesla to provide the first hard evidence — with data from U.S. government tests showing the Model S sedan may be the most crash-proof passenger vehicle on the road today. Normally,...
  • Hyperloop A jaunt From Los Angeles to San Francisco in 30 Minutes

    08/13/2013 7:26:38 AM PDT · by themoneytimes · 82 replies
    Billionaire entrepreneur Elon Musk on Monday unveiled a high-speed transportation concept that will blast passengers from Los Angeles to San Francisco — a distance of more than 300 miles, in just half hour. Musk proposed his idea for a super fast mass transit system called the Hyperloop to connect cities. According to him, the project, if it materializes will be faster, cheaper and safer alternative to the high speed rail line planned between Los Angeles and San Francisco. Musk stated, "How could it be that the home of Silicon Valley and JPL … would build a bullet train that is...
  • The Latest Look Into Elon Musk's Crystal Ball

    07/04/2013 1:44:55 PM PDT · by ckilmer · 29 replies
    fool.com ^ | July 4, 2013 | Daniel Sparks
    Elon Musk, the co-founder of PayPal and Tesla Motors (NASDAQ: TSLA ) , and founder of SpaceX, has a keen ability to make good predictions. Source: Businessweek. Though not always accurate, many of his predictions are eerily on target -- especially for Tesla. For the most part, Musk has been able to stay on schedule with his original plan for the electric car manufacturer. Perhaps Tesla's soaring stock price has emboldened Musk's forecasting spirit, because he's made quite a few bold predictions lately. Though they should be taken with a grain of salt, four of his recent predictions are worth...
  • Tesla CEO Elon Musk Fights Perceptions as Stock Drops

    02/26/2013 9:58:13 AM PST · by jazusamo · 26 replies
    NLPC ^ | February 26, 2013 | Paul Chesser
    Taxpayer-supported Tesla, recipient of a $465 million stimulus loan guarantee to produce yet another electric toy car (the Model S) for rich people, reported its 4th quarter earnings last week. The word from billionaire CEOElon Musk (Flickr photo: Jurvetson) was, “ we’ll do better next quarter – promise.” That’s a paraphrase, but nonetheless Tesla’s announcement fell short of most Wall Street analysts’ expectations. The company lost $90 million for the quarter as it ramped up production to fill pre-orders, paying workers to put in an average of 68 hours per week in December. On Thursday the company suffered the biggest...
  • Taxpayer Millions, Lithium Ion and Rich People Just Don't Mix Well (Elon Musk)

    02/12/2013 9:29:15 AM PST · by jazusamo · 27 replies
    NLPC ^ | February 12, 2013 | Paul Chesser
    Undoubtedly alternative energy and transportation innovator Elon Musk (Flickr photo: Jurvetson) – like his competitor for the taxpayer-funded, six-figure electric automobile market Henrik Fisker – is a smart guy. But will economic and technological realities humble him, or worse, make him look like a fool? After the experiencerecounted last week by New York Times journalist John Broder, who test drove the Tesla Model S in frigid conditions that required frequent unplanned recharging stops throughout the Northeast, humility is out of the question for Musk. The jury is still out on inanity. The Times published Broder’s devastating account on Friday. The...
  • Now Accepting Applications for Mars Colonists

    01/09/2013 3:16:49 PM PST · by Berlin_Freeper · 12 replies
    smithsonianmag.com ^ | January 9, 2013 | smithsonian
    Dream of going to space but don’t feel like putting in the work to become a NASA astronaut? Here’s your chance to possibly make that fantasy come true. Mars One, a Netherlands-based nonprofit, is seeking volunteers to help colonize the Red Planet, according to Mashable. To meet an aggressive goal of putting people on Mars by 2023, Mars One released its basic astronaut requirements on January 8. Rather than recruiting scientists or pilots, the organization says it will consider anyone, so long as they are at least 18 years old. Intelligence, good mental and physical health and dedication to the...
  • Tesla will need more loans to stay afloat in 2013

    12/20/2012 9:57:17 AM PST · by george76 · 14 replies
    MarketWatch ^ | Dec. 20, 2012 | John Shinal
    It’s a lucky thing for Tesla Motors shareholders that the U.S. Department of Energy loves the company’s loan applications. Without the hundreds of millions of dollars has received from the federal government this year, the electric-car maker’s financials would be gasping for air as 2012 winds down. Given the ugly state of Tesla’s finances — and the company’s sky-high valuation: almost $4 billion — it will rank among the top candidates in Silicon Valley for a 2013 stock collapse, unless it receives significantly more cash next year. The Palo Alto, Calif., company’s financials are, in fact, in worse shape even...
  • NASA Not Sharing a "Historic" Find On Mars.... yet

    11/24/2012 5:03:29 PM PST · by lbryce · 80 replies
    C-Net ^ | Novembe 21 ,2012 | Eric Mack
    Data that NASA's discovery wee a sample of Martian dirt could be earth-shattering, but the space agency is taking time to check its work. NASA's not sharing a 'historic' find on Mars... yet Data from a sample of Martian dirt could be earth-shattering, but the space agency is taking time to check its work. SAM, a mobile sample analysis lab, is currently mounted on Curiosity and finding interesting stuff in Martian soil. It seems NASA and the Curiosity rover have found something exciting and nerd-tastic on Mars, but the space agency's scientists are holding back for now, despite how painful...
  • Huge Mars Colony Eyed by SpaceX Founder Elon Musk

    11/24/2012 2:48:04 PM PST · by BenLurkin · 26 replies
    SPACE.com ^ | Date: 23 November 2012 Time: 07:00 AM ET | Rob Coppinger,
    In Musk's vision, the ambitious Mars settlement program would start with a pioneering group of fewer than 10 people, who would journey to the Red Planet aboard a huge reusable rocket powered by liquid oxygen and methane. "At Mars, you can start a self-sustaining civilization and grow it into something really big," Musk told an audience at the Royal Aeronautical Society in London on Friday (Nov. 16). Musk was there to talk about his business plans, and to receive the Society’s gold medal for his contribution to the commercialization of space.
  • Carney: Green stimulus profiteer [Elon Musk] comes under IRS scrutiny

    10/15/2012 5:19:37 AM PDT · by Cincinatus' Wife · 14 replies
    The Washington Examiner ^ | October 14, 2012 | Timothy P. Carney
    Vice President Biden snickered during last week's debate at the suggestion there was waste, inefficiency or cronyism in the 2009 stimulus bill. If he can stop cackling for long enough, Biden, the self-proclaimed "stimulus sheriff" should sit down with the IRS officials and the federal inspector general who are investigating a solar company owned by leading Obama donor and subsidy recipient Elon Musk. Musk, as he cashes in on his solar investment by taking his company SolarCity public this month, had to make an awkward admission in his financial filings with the Securities and Exchange Commission. The Internal Revenue Service...
  • SolarCity — Another Obama Scandal

    10/12/2012 1:51:43 PM PDT · by Cincinatus' Wife · 6 replies
    Western Journalism ^ | October 12, 2012 | Jack Inglewood
    SolarCity (SCTY), another “green energy” company and recipient of millions of dollars of taxpayer funds, in under investigation by the Internal Revenue Service (IRS), sources reveal. The company, which recently filed for its initial IPO, has disclosed that it received subpoenas in July from the U.S. Treasury Department. The Treasury Department is investigating whether companies overstated the market value of solar panel arrays they installed when claiming the 30% federal cash grant. The IRS also notified SolarCity that it is auditing two of its investment funds and reviewing the claimed value of solar systems submitted to receive the federal cash...
  • What's holding back energy innovation?

    10/12/2012 4:40:46 AM PDT · by Cincinatus' Wife · 20 replies
    Wall Street Journal ^ | March 26, 2012 | Dean Kamen, Elon Musk and J. Craig Venter
    ......“MR. MUSK: The ideal thing to do would be to tax CO2. But taxes are difficult to implement. So, we’re doing an indirect thing, which is to subsidize electric cars to some degree, and other sort of renewables.”
  • Obama funder gets insider deal at NASA

    10/12/2012 12:55:32 AM PDT · by Cincinatus' Wife · 27 replies
    The Washington Examiner ^ | October 11, 2012 | Richard Pollock, Special Report
    Questions are being raised about NASA's relationship with Silicon Valley whiz Elon Musk in the wake of his Falcon 9 rocket delivering only half of the promised cargo on its first mission to the International Space Station. The rocket lost power from one of its nine engines shortly after its Sunday launch and only delivered 882 of the promised 1,800 pounds of resupply cargo for the space station. Manufactured by Musk's Space Exploration Technologies Corp. ("SpaceX"), the Falcon 9 also failed to deliver as promised when it placed a prototype Orbcomm OG2 satellite into a lower orbit than required. The...
  • The DOE Restructured Its Loan to Tesla [Elon Musk's green car]

    10/11/2012 2:37:20 AM PDT · by Cincinatus' Wife · 16 replies
    National Review Online [Planet Gore] ^ | October 10, 2012 | Greg Pollowitz
    Imagine that. Weeks to go before the election and the Department of Energy has restructured its $465 million loan to the electric-car company to make sure it didn’t run out of cash. The New York Times reports:(Emphasis mine)"As it ramps up sales of its sleek electric sedan, Tesla doesn’t appear to be much of a loser right now. But a closer look at company’s cash flows suggests it is hardly out of the woods.For young companies like Tesla, calibrating cash flows is critical. Customer demand may be high for a company’s product,but mistimed spending can lead to a cash crunch....
  • SolarCity brings IPO plans to light [Homeland Security, E-bay, Google, Walmart, Armed Forces]

    10/09/2012 8:14:44 AM PDT · by Cincinatus' Wife · 16 replies
    Venture Beat ^ | October 8, 2012 | Rebecca Grant
    Green tech company SolarCity has filed to raise $200 million for an initial public offering. SolarCity provides clean energy services to homeowners, businesses, schools, nonprofits, and government organizations. The company strives to make the transition to cleaner energy as smooth as possible by providing support from start to finish. It examines its clients energy usage, identifies areas that can be improved, installs new systems, and continuously offers monitoring, customer service, and support. SolarCity distinguishes itself from other solar companies because it is not a manufacturer. Instead, the business is based on financing and leasing rooftop solar panels. “Our future success...
  • Panel installer SolarCity files for $200 mln IPO [Elon Musk of Tesla Elec cars]

    10/06/2012 1:00:15 AM PDT · by Cincinatus' Wife · 15 replies
    Reuters ^ | October 5, 2012 | Nichola Groom
    Solar panel installer SolarCity Corp filed with U.S. regulators to raise up to $201 million in an initial public offering that could help rekindle investor appetite for cleantech stocks. ....Companies including Google Inc and U.S. Bancorp have provided funds to finance SolarCity's projects. Those investors are able to collect a 30 percent federal tax credit for solar energy systems...... ...SolarCity was founded in 2006 by brothers Lyndon and Peter Rive along with their cousin, PayPal co-founder and Tesla Motors Chief Executive Elon Musk.... SolarCity hopes it can buck the lackluster trend among recent cleantech IPOs.... ....[SolorCity's] total revenue was $46.6...
  • Tesla shares drop after cutting outlook [amends loan agreement with U.S.Energy Dept]

    09/26/2012 8:39:15 AM PDT · by Cincinatus' Wife · 37 replies
    San Francisco Chronicle ^ | September 25, 2012 | Mark Clothier
    Tesla Motors Inc., the electric-car maker led by Elon Musk, fell the most in two months after cutting its revenue outlook for the third quarter because of supplier shortcomings and other delays in the production of its Model S sedan. Tesla slid nearly 10 percent to $27.64 Tuesday after the company said in a regulatory filing that it expects to generate $44 million to $46 million in third-quarter sales, compared with analyst estimates of $83.1 million. ..........Already the company's largest shareholder, Musk may buy 33,311 more shares, the company said in the filing. Tesla, whose investors include Toyota Motor Corp....