Browsing: Elon Musk

Bezos billions fund space project

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Internet billionaire and aspiring rocket man Jeff Bezos said he sells US$1bn/year in Amazon.com stock to fund Blue Origin, the company fuelling his dream of sending people into space. “My business model right now for

Tesla now worth more than Ford

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Tesla’s Elon Musk poked fun at short sellers as his electric car maker’s stock surged to a record, vaulting its market value past century-old rival Ford. “Stormy weather in Shortville…” the CEO tweeted Monday, as Tesla

Tesla beats estimates as Model 3 nears

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Tesla set a record for deliveries and production in the first quarter, beating analysts’ estimates as CEO Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices

Elon Musk to test Falcon Heavy

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Elon Musk is planning a first test run late this (northern hemisphere) summer with what his SpaceX bills as the most powerful rocket in the world, a step toward sending two paying tourists around the moon late next year.

SpaceX pulls off first reused rocket mission

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Elon Musk’s SpaceX flew a reused rocket to space and back again, a key milestone to reducing launch costs and one day enabling people to live on other planets. A SpaceX Falcon 9 rocket rumbled aloft, deposited a customer’s

Naspers affiliate Tencent buys 5% of Tesla

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Tesla has won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about US$1,8bn

With Tesla Model 3, Musk aims to crush rivals

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One year ago this week, Elon Musk took to a stage to unveil his most important vehicle yet: the US$35 000 Model 3. The electric five-seater accelerates as fast as the the best-selling luxury sport sedans in America

Musk needs $1bn more for Tesla Model 3

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Elon Musk needs to raise at least US$1,1bn more to bring his more affordable Model 3 to market. His believers, along with investors who buy into the vision of Tesla, could hardly be happier. After burning through cash in late 2016 and warning