Despite a jump in Tesla’s stock price a day after disappointing earnings, Elon Musk stands to lose billions of dollars with the tanking market value of his electric car company, as his other ventures, SolarCity Corp and Space Exploration Technologies, also face steep challenges in cutting-edge industries.
(BVO) – A Musk-read story on Apple. Elon Musk bashing Apple, saying he and his staff jokingly call it the “Tesla Graveyard.” The CEO of the electric car maker made those comments in an interview with the German business daily Handelsblatt. Musk contending that iPhone maker has – in his words – “hired people we’ve fired.”
(Reuters Business Report) – Tesla Motors is driving beyond electric cars and into your home. It unveiled new batteries that’ll store solar energy. CEO Elon Musk says homeowners can use them as backup power or go totally off the grid.