German newspaper encourages people to literally bet against Tesla (TSLA) in insane article

Business 04 May, 2021 - 09:45am 12 views

Who is Elon Musk?

Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. britannica.comElon Musk | Biography & Facts

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SpaceX, Musk's rocket firm where he serves as both CEO and CTO, bought $2.6 million worth of vehicle components from the electric-car maker in 2020, the document filed Friday with the US Securities and Exchange Commission said. The space startup also spent $1.5 million on "Tesla energy systems and related components and services" in 2020. 

Smaller purchases included $100,000 for "engineering support and resources" and $700,000 for a custom tool that Tesla built for SpaceX at its tool-machining facility. Tesla said the work occurred during previously scheduled downtime at the facility. SpaceX is also expected to pay Tesla roughly $100,000 to license software between 2020 and 2022. 

The money flowed both ways in 2020, with Tesla paying SpaceX $600,000 for use of an aircraft owned and operated by the reusable-rocket company. Musk's tunneling firm, The Boring Company, paid Tesla $300,000 for energy systems. 

In all, the several million dollars Tesla brought in from Musk's other companies made up a tiny fraction of the carmaker's 2020 revenue of $10.39 billion

Musk's various ventures have worked together in numerous ways over the years. For instance, SpaceX has a small stake in The Boring Company, and SpaceX and Tesla share two board members: Antonio Gracias and Kimbal Musk, Elon Musk's brother.

SpaceX uses Tesla Model X SUVs with the NASA logo for various operations, including bringing astronauts to launches. And The Boring Company's Las Vegas Convention Center Loop will make use of Tesla cars to ferry passengers between three stops. Musk has said Tesla intends to use rocket boosters developed by SpaceX in its upcoming supercar, the Roadster. 

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Tesla's German Gigafactory delayed to next year, report says

CNET 04 May, 2021 - 09:27am

Tesla's highly anticipated European production epicenter will not be operational until 2022, according to a report from Germany's Automobilwoche. The publication reported Sunday, citing company sources, that battery production equipment and regulatory approvals are the main causes of the delay.

Tesla does not operate a public relations department to field requests for comment, but CEO Elon Musk said in the past the German plant should be live by the end of this year. Now, according to the report, it won't start rolling out EVs until 2022. Late January is the current goal, the website said.

The site, which is just outside of Berlin, has seen its share of speed bumps. WWII-era bombs caused a minor delay after crews unearthed explosives, and Tesla nearly faced a long pause to give local wildlife time to, um, get it on, in accordance with local environmental regulations. Locals remain concerned about the plant's drain on resources such as water supplies.

The automaker plans to build 500,000 cars per year at the plant once up and running. It will mark Tesla's second factory outside of the US after the automaker's Shanghai-based plant.

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