By The Associated Press | PUBLISHED: September 29, 2018 at 2:40 pm | UPDATED: September 29, 2018 at 3:33 pm Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years. Tesla must hire an independent chairman to oversee the company. The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO. Musk, a billionaire, and Tesla, a company that ended June with $2.2 billion in cash, each are paying $20 million to resolve the case. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company’s ability to cope without Musk, a charismatic entrepreneur whose penchant for … [Read more...] about Tesla and Elon Musk settle with SEC for $40 million; Musk to stay CEO
Tesla and elon musk
Published July 24, 2018 Markets ETF Trends Facebook Twitter Comments Print This article was originally published on ETFTrends.com. Tesla has had a shaky year. With issues ranging from missed production targets to alleged requests for cash rebates from suppliers to Elon Musk’s brash public responses to naysayers, the future of Tesla (TSLA) and Musk, co-founder and CEO, remains a contentious matter on Wall Street. Tesla stock has dropped over 7% YTD and has [...] Continue Reading Below Read more at ETFTrends.com > … [Read more...] about What Lies Ahead for Tesla and Elon Musk?
caption Peter Diamandis is best known for his work in space. source Nadine Rupp/Getty Peter Diamandis is a serial entrepreneur known for his work in space. He is the executive chairman and founder of the X Prize Foundation, the executive founder of Singularity University and International Space University, and the co-executive chairman of Planetary Resources, among other organizations. When we asked Peter Diamandis how he sees his extraordinary career, he told us, “I think of myself as a 9-year-old kid having a blast.” Diamandis has made a career of making that 9-year-old happy. He told Business Insider’s podcast, “Success! How I Did it,” about how he became the man behind companies making science fiction come true: the XPRIZE Foundation, Singularity University, Human Longevity Inc. As a child Diamandis wanted to explore space, but his parents wanted him to be a doctor. His solution to that … [Read more...] about One of tech’s most prolific entrepreneurs reveals how he and Elon Musk are trying to eliminate illiteracy, and why he thinks human placentas may hold a key toward ‘an indefinite human life span’
• Bill Gates and Elon Musk share an intense scheduling habit. • They both plan out every second of their daily routine. • Even if you’re not a tech mogul, this strategy can help boost accountability. Bill Gates and Elon Musk are two of the biggest names in tech. Gates cofounded Microsoft in 1975, helping to spark the PC revolution. Now he focuses most of his time on philanthropy. Musk founded PayPal and currently splits his week traveling between Tesla and SpaceX. Both men also share one habit that’s helped them navigate their jam-packed schedules: They plan out every moment of their days. Gates and Musk are both said to adhere to schedules divided up into five-minute slots. The reason for this intricate planning? Well, for one, breaking your day up into small segments can boost your productivity, according to Fast Company’s Stephanie Vozza. Plus, this kind of intensive scheduling keeps you … [Read more...] about Bill Gates and Elon Musk share a daily scheduling habit that helps them tackle their busy routines
SpaceX’s founder, Elon Musk, has finally launched Falcon Heavy, the most powerful rocket the company has ever built. Business Insider was on the ground as the rocket lifted off on Tuesday afternoon. It’s a big day for SpaceX and Elon Musk. The company on Tuesday launched Falcon Heavy, its biggest rocket yet and the most powerful operational launch system in the world. If all goes according to plan, the rocket will send its strange payload – Musk’s red Tesla Roadster, helmed by a spacesuit-clad dummy called Starman – out to Mars orbit. Business Insider was on the ground at the Kennedy Space Center in Cape Canaveral, Florida, to watch the launch live. The plan was for Falcon Heavy to ignite its three large boosters around 1:30 p.m. ET, but the rocket wound up lifting off at 3:45 p.m. SpaceX deployed weather balloons to get the most up-to-date data on the atmospheric conditions. “Upper atmosphere … [Read more...] about We’re on the ground at SpaceX’s launch of its most powerful rocket — and Elon Musk just recorded a major success