Tesla’s Newest Factories Are ‘Money Furnaces’

Tesla’s Newest Factories Are ‘Money Furnaces’

Musk visiting the Tesla ‘Gigafactory’ outside of Berlin on September 3, 2020.Image: Maja Hitij (Getty Images) You’re here plants in Germany and Texas are burning money. Not literally of course, but these factories are losing “billions of dollars,” according to CEO Elon Musk in a recent interview. Elon Musk says that Tesla’s massive factories in … Read more

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

Tesla CEO Elon Musk, who last year proclaimed himself the “Dogefather,” wants you to know that he never told people to invest in cryptocurrency, sparking confusion among those familiar with his enthusiasm for the subject. Speaking on Tuesday at Bloomberg’s Qatar Economic Forumthe richest man in the world stepped away from his past bullishness on … Read more

Musk says Tesla’s new car factories ‘losing billions of dollars’

Musk says Tesla’s new car factories ‘losing billions of dollars’

Tesla Inc’s TSLA-Q new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic money furnaces right now. OK? It’s … Read more

SpaceX Just Pulled Off Three Launches in 36 Hours

SpaceX Just Pulled Off Three Launches in 36 Hours

SpaceX’s Falcon 9 rocket launched Germany’s SARah 1 military imaging satellite into orbit on June 18.Photo: SpaceX It was a busy weekend for SpaceX, with the private space company launching three of its Falcon 9 rockets into orbit over a period of three days. SpaceX’s final launch may even have been carrying a classified government … Read more

Spirals Of Blue Light Appear In New Zealand Sky, Experts Point To SpaceX Launch

Spirals Of Blue Light Appear In New Zealand Sky, Experts Point To SpaceX Launch

The blue spiral appeared in the night sky above New Zealand on Sunday. The stargazers in New Zealand were surprised by strange, spiraling light formations in the night sky on Sunday night. The photos were widely shared on social media, with many New Zealanders comparing them to some sort of “wormhole”. But experts said these … Read more

SpaceX launches 55 satellites in three launches in less than two days

SpaceX launches 55 satellites in three launches in less than two days

SpaceX completed a record triple-header early Sunday, launching a Globalstar communications satellite from Cape Canaveral after putting a German radar satellite in orbit from California Saturday and launching 53 Starlink internet satellites Friday from the Kennedy Space Center. The Globalstar launch capped the fastest three-flight cadence for an orbit-class rocket in modern space history as … Read more

Honda and Sony Team Up to Tackle Tesla

Honda and Sony Team Up to Tackle Tesla

There’s probably nothing more stress-inducing for Americans right now than going to the gas station. For those who have invested in electric vehicles already, the sting of inflation-driven fuel costs is not a problem (although EV owners certainly have some other issues). But many feeling the crunch are looking to electric vehicles as a potential … Read more

SpaceX launches first of three rapid-fire Falcon 9 flights

SpaceX launches first of three rapid-fire Falcon 9 flights

SpaceX kicked off a Falcon 9 triple header Friday, launching 53 more Starlink satellites from the Kennedy Space Center while gearing up for launch of a German radar reconnaissance satellite Saturday from California and a Globalstar messaging and data relay satellite from Florida early Sunday. Launching three orbit-class rockets in just 36 hours will set … Read more

Elon Musk Faces $258 Billion Class Action Lawsuit Over Dogecoin

Elon Musk Faces 8 Billion Class Action Lawsuit Over Dogecoin

Photo: Gotham (Getty Images) Infamous internet clown and horrible SNL host Elon Musk and his two large companies, Tesla and SpaceX, are facing a ludicrously large $258 billion lawsuit over…uh…Dogecoin. As I’ve said before, 2022 is just a wild year of headlines. Bloomberg reported yesterday that Musk and his companies are being sued over claims … Read more