Elon Musk on taking Tesla private: ‘That ship has sailed’

Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn’t likely. Musk can dream, can’t he? “Unfortunately that ship had sailed,” Musk said flatly, in response to a question […]

Despite declines for the quarter, Tesla is bullish on its overall energy business

Even as its solar business declined in step with its overall earnings, Tesla is bullish on the prospects for the energy side of its business over the course of the year. The energy business is an unheralded part of Tesla — overshadowed by its headline grabbing (and much larger) auto exploits — that chief executive […]

Tesla reports $702 million loss in first quarter

Tesla reported Wednesday wider-than-expected loss of $702 million, or $4.10 a share, in the first quarter after disappointing delivery numbers and other setbacks and costs threw the automaker off of its profitability track. The loss included $188 million of non-recurring charges. When adjusted for one-time losses, Tesla lost $494 million, or $2.90 a share, compared with […]

Nvidia agrees with Tesla’s take on self-driving cars, but corrects specifics

Nvidia vice president Rob Csongor agreed with broad statements by Elon Musk at Tesla’s April 22 Autonomy Investor Day. Csongor then took exception to what he termed were inaccuracies about Nvidia’s self-driving car chip.
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