CEO Elon Musk said an acquisition of SolarCity could make Tesla a $1 trillion company. Then Tesla lost $3 billion in valuation.
Tesla and SolarCity top the list of stocks to watch Wednesday after Elon Musk announced a deal to merge his two companies.
CEO Elon Musk’s proposed $2.8 billion stock deal — to link two companies he helped launch — could become a sweet long-term play, or a massive money pit.
The private space company, owned by billionaire Elon Musk, will try to put two satellites in geostationary transfer orbits, one each for Eutelsat and ABS, on Wednesday morning.
The maker of electric cars also says it is rewording its repair nondisclosure agreement after regulators called it “troublesome.”
The automaker had entered what a government agency called a “troublesome nondisclosure agreement” with a Model S owner over suspension problems.
Reports Tuesday said the electric car manufacturer was in talks with Samsung SDI for batteries to power its upcoming sedan.
Tesla, which currently procures its batteries from Japan’s Panasonic Corp, is likely to add Samsung SDI as a supplier should sales exceed expectations, a source told Reuters.
The tech giant does not plan to join the likes of Google and possibly Apple by making its own autonomous car, but it still wants a piece of the action.
The Tesla boss says Apple, not Google, will become Tesla’s robotic-car competitor.
Billionaire owner Elon Musk answering investors’ questions will be the highlight of the event, to be held Tuesday in Mountain View, California.
The country test launched its home-grown winged reusable launch vehicle Monday, joining Japan, Russia and Europe in the race.
The maker of electric cars' planned equity transaction will be managed primarily by Goldman Sachs and Morgan Stanley.
The electric car company says it will "do right" by its workers if the Mercury News story about exploited guest labor is accurate.
The Dragon cargo spacecraft carried in it a large amount of scientific data collected aboard the International Space Station.
The startup, now called Hyperloop One, has accelerated its push to deliver Elon Musk’s vision of a high-speed transportation system.
Microsoft Chief Envisioning Officer Dave Coplin reportedly said that Artificial Intelligence is the most note-worthy technology at this point.
One of the startups looking to commercialize Elon Musk's Hyperloop transportation system is expected to demonstrate its version in the Nevada desert.
In another boost to Elon Musk’s space technology ambitions, the Falcon 9 rocket will also put a Japanese satellite in orbit.
A rocket launch set for Friday by entrepreneur Elon Musk's company is said to be more difficult than a successful April 8 landing.
Investors reacted Thursday after the maker of electric cars upped the ante on how fast it will build vehicles — and how much it will spend doing so.
For the first quarter, the maker of electric cars lost $282 million, according to SEC standards, or $75 million, according to CEO Elon Musk.
