Tesla Posts $408M Loss In 2Q, Causing Stock To PlummetThe setback had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's ongoing challenges and helps explain why the company's shares have plunged by more than 20% this year while the Standard & Poor's 500 index has surged by 20%.
Tesla's Car Deliveries Rebound, But Challenges Still AboundDespite the heartening news, Tesla still hasn't proven it can consistently make money despite repeated promises from CEO Elon Musk to reverse the company's long history of losses.
SpaceX Launches Hefty Rocket With 24 Satellites, ExperimentsSpaceX did manage for the first time to catch the fairing, or nose cone, in a giant net on an offshore boat. The California-based company is trying to recover and reuse as many rocket parts as possible — rather than letting the pieces sink in the ocean — to drive down launch costs.
Elon Musk's O'Hare Express Tunnel Plan Still Up In The Air, With Futuristic Passenger Pods Replaced By Tesla Electric CarsCould billionaire Elon Musk’s proposed tunnel from downtown to O’Hare International Airport be nothing more than riding a Tesla underground? In recent tweets, Musk said that’s “pretty much” the idea.
SpaceX Launches 60 Little Satellites, With Many More To ComeAll 60 flat-panel satellites were deployed and online a few hundred miles (kilometers) above Earth. Each weighs 500 pounds (227 kilograms) and has a single solar panel and a krypton-powered thruster for raising and maintaining altitude. The satellites have the capability of automatically dodging sizable pieces of space junk.
Tesla Posts Surprisingly Large 1Q Loss As Sales Slump 31%Tesla has lost more than $6 billion since setting out to revolutionize the auto industry 15 years ago, but Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.
Tesla CEO Plans To Hand The Car Keys To Robots Next YearSelf-driving car experts fear Musk is shirking public safety in an effort to boost Tesla's stock and sell more of the company's electric cars. This amid lingering questions about whether the 15-year-old automaker can consistently make money.
Elon Musk, SEC Told To Meet For At Least 1 Hour About Tweets"We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court."
SEC: Musk's Contempt Defense 'Borders On The Ridiculous'Legal experts say it's unlikely that Musk will be punished severely, but the commission wants to get on the record that Musk violated the terms, to prepare for any future violations.
Tesla Defies Convention And Pays For It As Shares SlideThe base price for the Model 3, Tesla's cheapest car, is now $44,000. Musk believes the mid-$30,000 range is the sweet spot.
NASA, SpaceX Aim For March Test Of 1st New Astronaut CapsuleIt would be the first launch of U.S. astronauts into orbit, from U.S. soil, since NASA's shuttle program ended in 2011.
SpaceX Launches 10 More Iridium Communications SatellitesThe payload is the eighth and final set of satellites to be launched as Iridium replaces its entire globe-circling fleet with next-generation orbiters.
SpaceX Launches Air Force's Best GPS Yet, Ends Banner YearIt's the first in a series and nicknamed Vespucci after the 15th-century Italian explorer who calculated Earth's circumference to within 50 miles.
Elon Musk's First Tunnel Is finished. Here's What It's Like To Ride In ItIn Chicago, the Boring Company was selected in June to tunnel a route from downtown to O'Hare Airport. But a contract hasn't been finalized yet, according to a spokesman for Chicago Mayor Rahm Emanuel. Key details like the exact route and pricing remain unclear.
Elon Musk To Unveil Underground Tunnel, Transport CarsThe company says on its website that the reason such a system hasn't been done before is that tunnels can be as expensive as $1 billion a mile to dig.