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The bizarre case of Elon Musk and the Tesla whistleblower has closed, but questions about millions of dollars wasted at the Gigafactory remain

Win McNamee/Getty Images Tesla quietly settled its suit against whistleblower Martin Tripp. Tesla didn't get the $167 million in damages it sued for, instead, Tripp will pay $400,000. Back in August, Tripp leaked documents from the case in violation of his confidentiality agreement with the court. Those documents point to millions of dollars wasted on scrap that does not appear to be accounted for anywhere in Tesla's financials. Tesla did not respond to a request for comment.  Visit Busin...
Tags: Transportation, Elon Musk, News, Trends, Tesla, Electric Car, Musk, John Sheridan, Tripp, Linette Lopez, Southern Methodist University, Telsa, Tech Insider, Nevada Gigafactory, Martin Tripp, McNamee Getty Images Tesla


Elon Musk says SpaceX's giant Starship rocket test will happen as early as Wednesday — but there's only a 1 in 3 chance it will land intact

SpaceX CEO Elon Musk. Yichuan Cao/Getty Images SpaceX CEO Elon Musk said Sunday the next Starship test will happen "no earlier than Wednesday." The spacecraft will fly 15 kilometres (50,000 feet) into the air. Previous prototypes have only made short hops of a few hundred metres. Musk said there was a lot that could go wrong, and gave the rocket a one-in-three chance of landing in one piece. Visit Business Insider's homepage for more stories. This week, Elon Musk's space-exploration compan...
Tags: Spacex, Elon Musk, Texas, Trends, Mars, Musk, Callaghan, Boca Chica, Starship, Gwynne Shotwell, StarLink, Tech Insider, Mars Musk, Boca Chica Texas, Elon Musk Yichuan Cao Getty Images SpaceX, Isobel Asher Hamilton Kate Duffy


Elon Musk wanted to name his tequila 'Teslaquila' but Mexico wouldn't let him

Tesla Tequila launched in November. Tesla In November, Elon Musk's Tesla brought out a novelty tequila called "Tesla Tequila." Originally, Tesla filed to call the product "Teslaquila," but it was blocked by Mexico's Tequila Regulatory Council (CRT). Essentially if Tesla wanted the prestige of making a tequila, it had to use the word tequila without changing it so as to avoid diluting the brand. Tesla tried to argue the brand name was just "Tesla" with "quila" attached, but the Mexican Inst...
Tags: Transportation, Elon Musk, California, Mexico, Trends, Tesla, Musk, Tequila, Reuters, Munoz, Mexican Institute of Industrial Property, CRT, Isobel Asher Hamilton, Teslaquila, Tesla Tequila, eBay Tesla


A former Tesla employee who filed a whistleblower tip is paying the company $400,000 for divulging trade secrets, following a 2-year dispute with Elon Musk

Joe Skipper/Reuters A former Tesla employee will pay the electric vehicle firm $400,000 for sharing trade secrets with the press, Bloomberg reported Tuesday. Martin Tripp, a former Tesla process technician, tipped Business Insider off about production delays and scrap metal usage at its Nevada Gigafactory in 2018. Tesla denied the claims. Tesla fired Tripp, and filed a lawsuit accusing him of "willful and malicious" behavior that deliberately intended to injure Tesla's business. Tripp mai...
Tags: Transportation, Elon Musk, Trends, Tesla, Bloomberg, Electric Vehicles, SEC, Nevada, Reno, Whistleblower, Musk, Whistleblowing, Gigafactory, Tripp, Tesla Factory, Nevada Gigafactory


Nikola's Badger has been canceled, but other electric pickups with outlandish features are coming — here's what to expect from Tesla, Rivian, GMC, and others

Tesla Cybertruck. Tesla Electric pickup trucks are set to flood the car market over the next couple of years, with many promising cool and useful features.  Tesla claims its Cybertruck will be bulletproof, Rivian has showed off an innovative "gear tunnel" cargo area in its R1T, and the GMC Hummer EV will have a removable, transparent roof.  Buyers of the Bollinger B2 will be able to remove doors and windows, and carry cargo that's up to 16 feet long.  Visit Business Insider's homepage for ...
Tags: Transportation, Elon Musk, Trends, General Motors, Tesla, Features, Ford, Pickup Trucks, Musk, Reuters, Ford General Motors, Badger, Bollinger, Nikola, Tech Insider, Rivian


Tesla just blew past Warren Buffett's Berkshire Hathaway in market value. Here's why that's astounding

Warren Buffett (left) and Elon Musk (right) Alex Wong/Getty, REUTERS/Rebecca Cook Tesla's market capitalization soared as high as $567 billion on Tuesday, easily surpassing the roughly $544 billion market cap of Warren Buffett's Berkshire Hathaway.Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has risen less than 2%.Tesla's larger market cap is surprising, given Berkshire earned $255 billion in revenue last year, more than ...
Tags: Apple, Elon Musk, Trends, Tesla, Bloomberg, Berkshire Hathaway, Warren Buffett, Dow Jones, Berkshire, Musk, Buffett, Morningstar, Alex Wong Getty, Burlington Northern, Theron Mohamed, Baron Funds


SpaceX's giant Starship rocket will have its first big high-altitude test next week, says Elon Musk

SpaceX CEO Elon Musk. Yichuan Cao/Getty Images SpaceX's Starship rocket is scheduled to have its first high-altitude flight test next week. The spacecraft will fly 15 kilometres (50,000 feet) into the air. Previous prototypes have only made short hops of a few hundred metres. CEO Elon Musk said there was a lot that could go wrong, and gave the rocket a 1-in-3 chance of landing in one piece. Visit Business Insider's homepage for more stories. Next week, Elon Musk's space-exploration company...
Tags: Spacex, Elon Musk, Trends, Mars, Musk, Callaghan, Starship, StarLink, Tech Insider, Mars Musk, Boca Chica Texas, Isobel Asher Hamilton, Elon Musk Yichuan Cao Getty


Elon Musk promoted coronavirus misinformation for months. Then his own infection kept him out of SpaceX's astronaut launch.

Elon Musk, the CEO of Tesla and SpaceX, has repeatedly criticized coronavirus public-health measures. Susan Walsh/AP; NIH; Photo illustration by Business Insider Elon Musk has promoted unscientific ideas and misinformation about coronavirus case numbers and testing since March. But Musk tested positive for COVID-19 this month, which prevented him from attending SpaceX's landmark astronaut launch. Musk then reached out to an epidemiologist to help him understand PCR testing after months of ...
Tags: Transportation, Spacex, Elon Musk, Florida, Science, News, Sweden, Washington Post, Berlin, US, Trends, Tweets, Tesla, Nasa, Analysis, Food And Drug Administration


Elon Musk Overtakes Bill Gates To Grab World's Second-Richest Ranking

An anonymous reader quotes a report from Bloomberg: Elon Musk's year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world's second-richest person. The 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price. Musk has added $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world's 500 richest people. In January ...
Tags: Amazon, Elon Musk, Tech, Tesla, Bloomberg, Bill Gates, Jeff Bezos, Gates, Musk, Microsoft Corp, Bloomberg Billionaires Index, Space Exploration Technologies Corp


Musk boasts his Semi will have a 621-mile range and a 40-ton payload capacity

In typical fashion, Tesla figurehead Elon Musk has boasted about the range of the EV company’s planned semi-articulated electric truck. According to a report by Electrek, Musk said that the goal is to eventually equip the truck with enough power to travel 621 miles (1,000 km) on a charge. The range will reportedly be achieved thanks to new in-house battery cells and pack technology. [Read: Why this security engineer loves working in infosec] When announced back in 2017, Tesla said that its semi ...
Tags: Startups, Elon Musk, Tesla, Musk, Shift, Electrek Musk


Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding

Warren Buffett (left) and Elon Musk (right) Alex Wong/Getty, REUTERS/Rebecca Cook Tesla's market capitalization soared past $525 billion on Tuesday, leaving it within striking distance of the $549 billion market cap of Warren Buffett's Berkshire Hathaway.Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%.The similarity in market caps is surprising, given Berkshire earned $255 billion in revenue last year, mo...
Tags: Apple, Elon Musk, Trends, Tesla, Bloomberg, Berkshire Hathaway, Warren Buffett, Dow Jones, Berkshire, Musk, Buffett, Morningstar, Alex Wong Getty, Berkshire Hathaway Here, Burlington Northern, Theron Mohamed


Elon Musk Talks New Tesla Model In Europe

Elon Musk made rare comments about a new Tesla vehicle to be designed in Berlin, adding that the reason behind the new vehicle program is to attract new talent from Europe: "I think there's a lot of talent, talented designers and engineers, in Europe. And a lot of the best people, they want to work somewhere where they are doing original design work. They don't want to just be doing the European version of something that was designed in California. So, I think it's important in order to attract ...
Tags: Europe, Elon Musk, California, Germany, Berlin, US, Tech, Tesla, Musk, Electrek, Gigafactory Berlin, Elon Musk Talks New Tesla


Elon Musk says Tesla is working on a battery that drives more than 600 miles — and hints at a new compact car for Europe

Elon Musk wears a protective mask as he arrives to attend a meeting with the leadership of the conservative CDU/CSU parliamentary group, in Berlin, Germany September 2, 2020. Tobias Schwarz/Pool via REUTERS Tesla is developing a battery with 600 miles of range, Elon Musk said Tuesday. The CEO also hinted that Tesla may develop a smaller, compact car for European markets.  "I was driving around Berlin and in quite a bit of trouble finding a parking space where we could fit," he said. Visi...
Tags: Transportation, Europe, Elon Musk, News, Germany, Berlin, US, Trends, Tesla, Ubs, Batteries, US environmental protection agency, Model X, Musk, CDU CSU, Reuters Tesla


SpaceX founder Elon Musk passes Bill Gates as world’s second-richest person

Elon Musk, founder of Hawthorne-based SpaceX, has passed Microsoft founder Bill Gates to officially become the second richest person in the world, according to the Bloomberg Billionaires Index. Musk posted a net worth listed at $127.9 billion, ahead of Gates’ $127.7 billion, in the latest list published Monday. Amazon’s Jeff Bezos is first on the list at $182 billion. The 49-year-old Musk co-founded Tesla, an electric vehicle and clean energy company based in Palo Alto, in 2003. He founded his H...
Tags: Amazon, Business, Spacex, Elon Musk, News, Microsoft, China, Tesla, Bloomberg, Sport, Palo Alto, Soccer, Bill Gates, Jeff Bezos, Gates, Musk


Tesla's market cap breaches $500 billion as mammoth 2020 rally charges on

Maja Hitij/Getty Images Tesla's market cap rallied above $500 billion for the first time on Tuesday as investors continued to scoop up the highly valued shares.The automaker's stock gained as much as 5.1%, to $548.53 per share, in Tuesday trading.Bullish analyst forecasts and the company's upcoming inclusion in the S&P 500 fueled its latest leg up. Tesla shares now sit more than 550% higher year-to-date.The rally has minted a fortune for Elon Musk. The CEO's net worth skyrocketed more than...
Tags: Elon Musk, Wall Street, Trends, Tesla, Bill Gates, Goldman Sachs, Biden, Musk, Wedbush, Ives, Dow Jones Indices, Dan Ives, Lordstown Motors, Ben Winck, Maja Hitij Getty, Baron Funds


Elon Musk has surpassed rival Bill Gates as the world's second-richest person. Here's where their simmering feud began and how it's escalated amid the pandemic.

Elon Musk and Bill Gates. Susan Walsh/AP; Mike Cohen/Getty Images for The New York Times Elon Musk and Bill Gates have been feuding over everything from the coronavirus to electric vehicles. The two moguls don't see eye to eye on electric-car technology. Musk has said Gates doesn't know what he's talking about, and Gates has said he bought a Porsche electric car over a Tesla. This year, Gates and Musk have feuded over the coronavirus. Gates called Musk's comments on the outbreak "outrageou...
Tags: Amazon, Spacex, Elon Musk, Microsoft, Washington, US, Trends, Tech, Tesla, Nasa, Features, Harvard University, Porsche, International Space Station, Electric Vehicles, New York Times


Elon Musk surpasses Bill Gates as the world's second-richest person as Tesla's market value tops $500 billion

Asa Mathat | D: All Things Digital Elon Musk has overtaken Bill Gates as the world's second-richest person. His net worth is now $128 billion.Musk's wealth has been on a steady climb this month: Tesla's market cap soared as high as $509 billion Tuesday as it is set to join the S&P 500 in December.The jump in Musk's net worth places him second to Jeff Bezos, whose net worth stands at $182 billion.He predicted last year that self-driving Teslas, which are still being refined, would boost the...
Tags: Spacex, Elon Musk, California, Trends, Tech, Markets, Tesla, Bill Gates, Goldman Sachs, Jeff Bezos, Morgan Stanley, Gates, Billionaire, Musk, Bloomberg Billionaires Index, Net Worth


Elon Musk is now the world's second-richest person. Here's how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech.

Elon Musk. Steve Nesius/Reuters Elon Musk has had a tumultuous yet successful life.  He was bullied as a child but ultimately attended an Ivy League university before going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He recently had another baby with his girlfriend, the musician Grimes.  But Musk also courts controversy, especially on Twitter. The tech billionaire has been outspoken a...
Tags: Transportation, Mark Zuckerberg, Spacex, Elon Musk, New York, Hollywood, Robert Downey Jr, Microsoft, Australia, California, Ebay, White House, Ipo, Time, US, Los Angeles


Elon Musk eclipses Bill Gates to become the world’s second richest person

Elon Musk is now worth more than $128 billion, making him the second richest person in the world behind Amazon bald-king Jeff Bezos. Tesla’s chief exec barely eclipsed Microsoft’s Bill Gates to claim the number two position overnight, according to Bloomberg’s Billionaire Index. Mostly, Musk’s gains can be attributed to Tesla‘s rampaging share price. Musk owns around 20% of all Tesla shares, meaning that when Tesla stock pumps, so does his paper fortune. Indeed, the enigmatic billionaire has adde...
Tags: Amazon, Startups, Elon Musk, Microsoft, Tesla, Bloomberg, Bill Gates, Musk, Jeff Bezos Tesla, Hard Fork


Tesla just surged past $500 billion in market value. Elon Musk predicted self-driving cars would boost it to that level

Elon Musk. AP Photo/Mark Lennihan Tesla CEO Elon Musk predicted last year that autonomous driving would boost his company's market capitalization to $500 billion.The electric-vehicle maker's market cap soared as high as $515 billion on Tuesday, even though Tesla is still refining its self-driving software and has only released a beta version to a limited number of customers.Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC re...
Tags: Apple, Elon Musk, Trends, Tesla, Warren Buffett, Cnbc, Musk, Teslas, Elon Musk AP, Theron Mohamed, Mark Lennihan Tesla


Elon Musk surpasses Bill Gates as the world's second-richest person as Tesla's market value nears $500 billion

Asa Mathat | D: All Things Digital Elon Musk has overtaken Bill Gates as the world's second-richest person. His net worth is now $128 billion.Musk's wealth has been on a steady climb this month: Tesla's market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December.The jump in Musk's net worth places him second to Jeff Bezos, whose net worth stands at $182 billion.He predicted last year that self-driving Teslas, which are still being refined, would boost the ...
Tags: Spacex, Elon Musk, California, Trends, Tech, Markets, Tesla, Bill Gates, Goldman Sachs, Jeff Bezos, Morgan Stanley, Gates, Billionaire, Musk, Bloomberg Billionaires Index, Net Worth


Tesla is nearing $500 billion in market value. Elon Musk predicted self-driving cars would boost it to that level

Elon Musk. AP Photo/Mark Lennihan Tesla CEO Elon Musk predicted last year that autonomous driving would boost his company's market capitalization to $500 billion.The electric-vehicle maker's market cap soared as high as $498 billion on Monday, even though Tesla is still refining its self-driving software and has only released a beta version to a limited number of customers.Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC rep...
Tags: Apple, Elon Musk, Trends, Tesla, Warren Buffett, Cnbc, Musk, Teslas, Elon Musk AP, Theron Mohamed, Mark Lennihan Tesla


New FAA documents reveal SpaceX's latest plans for launching Starship prototypes on suborbital flights from South Texas — and potential hurdles to orbit

An illustration of SpaceX's Starship spaceship and Super Heavy rocket booster launching together toward space from Earth. SpaceX SpaceX is building a facility in Boca Chica, located at the southeastern tip of Texas, to develop, build, and launch fully reusable Starship-Super Heavy rockets. The company is focused on suborbital up-and-down flights of prototypes for now, but it eventually plans to launch Starships to orbit and land them back in Texas as soon as 2021. However, SpaceX needs...
Tags: Transportation, Space, Spacex, Elon Musk, Texas, News, Environment, US, Trends, Regulations, Earth, Spaceships, Rockets, Faa, Federal Aviation Administration, Musk


Elon Musk Claims Full Recovery From Covid-19, Analyst Upgrades Tesla's Stock Forecast

Slashdot reader Charlotte Web quote The Street: Tesla CEO Elon Musk says that he has "fully" recovered from his bout with a mild fever or cold about a week after he took to Twitter to say he tested positive for coronavirus... [T]his week, Musk took a more reliable PCR test that he said showed "unequivocal" evidence that he had Covid... On Wednesday, Morgan Stanley raised Tesla to overweight for the first time in more than three years, predicting that the electric carmaker is on the verge of a...
Tags: Elon Musk, Tech, Tesla, Morgan Stanley, Jones, Musk, Charlotte, Adam Jones


Werner Herzog criticized Elon Musk's plan to build a city on Mars as a 'mistake' and an 'obscenity'

Left: Werner Herzog. Right: Elon Musk. Regis Duvignau/Reuters ; Bill Pugliano/Getty Images Elon Musk is planning to build a city on Mars, shuttling a million people to the red planet on SpaceX's Starship rocket. Filmmaker Werner Herzog said in an interview with Inverse he thinks that plan is a "mistake" and an "obscenity."  Instead of being "like the locusts," Herzog told the outlet he thinks humans should focus on keeping Earth habitable. Visit Business Insider's homepage for more stories...
Tags: Spacex, Elon Musk, Science, News, Trends, Earth, Mars, Musk, Werner Herzog, Herzog, Starship, Settlements, Mars Colonization, Tech Insider, Morgan McFall Johnsen, Elon Musk Regis Duvignau Reuters


All of Tesla's other services will be worth more than its car business, according to one Wall Street analyst who says the company should be compared to Apple, Tinder, and more.

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Win McNamee/Getty Images Tesla's services business could be worth more than all of its car sales by the end of the next decade, Morgan Stanley said.  The bank estimates autopilot, insurance, energy, and everything else to be worth about 53% of a new street-high target price of $540 by 2030.  Investors should also consider comparing the company to other ser...
Tags: Apple, Transportation, Spacex, Elon Musk, News, Tinder, California, Washington, Trends, Markets, Tesla, Roku, Morgan Stanley, Detroit, Jonas, Musk


Tesla is on a hiring spree to try to reach 500,000 annual car deliveries, and is recruiting part-time staff because it doesn't have to buy them laptops, according to a report

Tesla Inc CEO Elon Musk. Reuters In the past two months alone, Tesla has hired around 1,000 additional sales and delivery staff across North America, sources familiar with the matter told Electrek. Sales are booming for the electric vehicle company. In October, Tesla posted its most profitable quarter ever. But it must ramp up deliveries if it hopes to reach its 500,000 target for 2020. Tesla is increasingly hiring part-time staff, the sources said. This is because these staff have fewer b...
Tags: Transportation, Elon Musk, California, Trends, Tesla, Electric Vehicles, Shanghai, North America, Electric Cars, The Washington Post, Musk, FREMONT, Alameda County, Electrek, Alameda County California, Fremont Factory


Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person

Tesla and SpaceX CEO Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person.  Musk's wealth has continued to climb this week: It first hit $114 billion after Tesla was added to the S&P 500 index, edging out Facebook CEO Mark Zuckerberg. Now, it's gained another $10.2 billion after Tesla shares spiked 10% on Wednesday, according to Bloomberg. Visit Business Insider's homepage for more stories. E...
Tags: Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, California, Trends, Tesla, Porsche, Billionaires, Bill Gates, Jeff Bezos, Morgan Stanley, Gates, Musk, Blue Origin


GM is following Tesla's example and launching its own insurance with OnStar

Bill Pugliano/Getty General Motors said Wednesday it will sell car insurance directly to owners.  The move is similar to Tesla's offering that launched in California last year.  Across the board, insurance is changing rapidly thanks to data that can make plans cheaper and help underwriters more easily manage risk.  Visit Business Insider's homepage for more stories. General Motors is the latest company to get into the data-driven insurance game.The automaker on Wednesday announced plans t...
Tags: MetroMile, Transportation, Elon Musk, California, Car Insurance, Trends, Insurance, General Motors, Tesla, Ford, Gm, Musk, Graham Rapier, Bill Pugliano Getty, Asad Hussain, Business News Desk


Volkswagen's CEO says its latest round of investment in electric self-driving cars will let it finally 'beat Tesla'

Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg Reuters Volkswagen is increasingly transparent about how it plans to catch Tesla's lead in electric vehicles. In a conference call Monday with analysts and investors, its CEO outlined an increased and accelerated investment into its electric powertrain and software development.  "The commitment, the investments, and the industrialization plans are ther...
Tags: Transportation, Elon Musk, News, Berlin, Trends, Tesla, Vw, Electric Vehicles, Ubs, Volkswagen, EVs, Wolfsburg, Musk, Ev, Herbert Diess, Reuters Volkswagen