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Jim Chanos Blasts Tesla, Says Its Business Is 'Structurally Unprofitable'
Friday, September 29, 2017 - 10:44am | 447Hedge fund manager Jim Chanos has been short Tesla Inc (NASDAQ: TSLA) for quite some time. His conviction hasn't changed despite the stock's strength. Tesla's stock could become a compelling buy once the company is profitable, Chanos said during an interview with Bloomberg TV. The...
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From X.com To SpaceX: Where The Most Interesting Man In The World Got His Start
Tuesday, July 11, 2017 - 11:17am | 830He sold his bank to PayPal because he wanted to get paid, pal. He launched a rocket into space, just to see if he could get it back. People call him the real-life Iron Man, but Iron Man does less to save the real world. From X.com to SpaceX, he is the most interesting man in the world ... at least...
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The Futurist Scorecard: A Look At (Almost) Everything That Interests Elon Musk Besides Building Cars
Wednesday, June 28, 2017 - 12:52pm | 966Rocket ships, brain chips, music streaming, autonomous driving, solar power, underground roads with elevators — it might be easier to list all the stuff that doesn’t capture Elon Musk’s active imagination. Best known as a car mogul, the founder and CEO of Tesla Inc (NASDAQ: TSLA)...
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Ron Baron Hated Tesla's SolarCity Deal, But Now He Loves It
Tuesday, June 13, 2017 - 10:02am | 366Many Wall Street analysts and investors were not initially supportive of Tesla Inc (NASDAQ: TSLA)'s multi-billion acquisition of its sister company SolarCity. For instance, notable fund manager James Chanos said the acquisition represents a "shameful example of corporate governance at its worst."...
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Could Elon Musk Replicate An 'Apple-Like' Cross-Platform Experience? That's A Big Risk
Wednesday, June 7, 2017 - 8:45am | 418Apple Inc. (NASDAQ: AAPL) is best known for operating as a flawless cross-platform company and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is on a mission to duplicate the strategy. The only problem is, Musk faces many more tailwinds ahead, according to Robert Safian, "Fast Company" editor....
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4 Of The Most Valuable Modern Tech Patents
Saturday, March 25, 2017 - 6:04pm | 703A patent is an exclusive right granted for an invention, which is a product or process that provides in general, a new way of doing something or offers a new technical solution to a problem, according to the World Intellectual Property Organization, or WIPO. Some breakthrough patents have helped...
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JPMorgan Slashes 2017 Megawatts Estimate For SolarCity
Monday, September 12, 2016 - 12:44pm | 289Paul Coster, an alternative energy analyst with JPMorgan, still expects the SolarCity Corp (NASDAQ: SCTY) merger with Tesla Motors Inc (NASDAQ: TSLA) to proceed as planned but if the deal falls through, SolarCity will face higher discount rates for future capital raises and a "compromising...
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WSJ: Musk Faces 'Financial Crunches' At Tesla, SolarCity
Thursday, September 1, 2016 - 11:02am | 286Elon Musk, CEO and founder of Tesla Motors Inc (NASDAQ: TSLA) and Chairman of SolarCity Corp (NASDAQ: SCTY), is facing "financial crunches" at both entities. The Wall Street Journal noted that Tesla said in a regulatory filing on Wednesday it will raise additional capital by the end...
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SolarCity Seeks To Differentiate Through Products, Says Oppenheimer
Wednesday, August 10, 2016 - 10:21am | 313SolarCity Corp (NASDAQ: SCTY) reported its second quarter results after Tuesday's market close. SolarCity's stock were relatively unchanged given a pending merger agreement with its sister company, Tesla Motors Inc (NASDAQ: TSLA). Colin Rusch of Oppenheimer commented on SolarCity's...
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SolarCity Shares Turn Red After Tesla Agreement
Monday, August 1, 2016 - 8:07am | 357SolarCity Corp (NASDAQ: SCTY) and Tesla Motors Inc (NASDAQ: TSLA) reached a merger agreement over the weekend, according to a regulatory filing dated Sunday. Tesla's CEO Elon Musk proposed to acquire SolarCity back in June. Musk also happens to be SolarCity's chairman and cousin to its CEO Lyndon...
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Tesla CEO Elon Musk To WSJ: 'The Most Informed Investors Are Highly Supportive' Of Proposed SolarCity Acquisition
Wednesday, July 20, 2016 - 8:20am | 300Many investors and Wall Street analysts weren't pleased with Tesla Motors Inc (NASDAQ: TSLA)'s announcement of its plans to acquire "sister company" SolarCity Corp (NASDAQ: SCTY) in late June. Tesla offered to pay $26.50 to $28.50 a share to acquire SolarCity. Tesla's CEO Elon Musk also happens to...
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Tesla + SolarCity = The 'Apple Store' For Electricity?
Wednesday, June 29, 2016 - 9:34am | 443When consumers enter a typical Apple Inc. (NASDAQ: AAPL) store, they can purchase a smartphone, tablet, music player, smartwatch and a computer in one shot. Apple also offers educational activities, including free presentations that offer potential consumers a hands-on experience. According to an...
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Report: SolarCity Slashes Headcount For Plant In Buffalo To 500 From 1,460
Monday, May 16, 2016 - 8:15am | 259Back in late February, a report surfaced that SolarCity Corp (NASDAQ: SCTY) was looking to lower its headcount at a production facility in Buffalo, New York. The prior reports may have now been validated, as Investigative Post, a Western New York-based news site, reported that SolarCity slashed its...
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Cramer: SolarCity Is 'In First Class Crisis' But Acts As If Everything Is Fine
Tuesday, May 10, 2016 - 11:22am | 314Shares of SolarCity Corp (NASDAQ: SCTY) were trading lower by more than 25 percent Tuesday after the company reported first quarter results and slashed second quarter guidance. SolarCity noted in its quarterly report a 19 percent increase in its cost per watt, "largely owing to lower...
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SolarCity Announces New Set Of Services For Utility Operators
Thursday, May 5, 2016 - 9:02am | 196Shares of SolarCity Corp (NASDAQ: SCTY) were trading higher by more than 3 percent early Thursday morning after the company announced the launch of three new services for utility operators. First, SolarCity launched its development of utility-scale solar power plants, which act as an alternative to...