Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'

“The World Has Never Seen Human Energy and Vigor at Such Scale” – Elon Musk in China

Former Tesla employee Martin Tripp has submitted a tip to the Securities and Exchange Commission accusing Tesla of both misleading investors and allowing potential unsafe vehicles to be sold to consumers.

But the tip filed by Tripp on July 6 - and made public this week by his attorney - contends that Tesla has been grossly overstating its production numbers, perhaps by as much as 44%.

Bullish on his Chinese dream, Tesla and SpaceX Founder Elon Musk on Thursday said he had excellent meetings with senior leaders and will aim to invest long-term in the country. This was confirmed on Twitter when a user asked Musk regarding his trip to India. Tesla lost $710 million in its latest quarter, though it says it should turn profitable soon.

The declining tax credit is seen as putting Tesla and GM at a disadvantage over newer entrants to the market, whose first 200,000 models will qualify for a full tax credit.

Note he put his tie on for jianbing eating not for Chinese official meeting
Note he put his tie on for jianbing eating not for Chinese official meeting

One of Tesla's most influential shareholders is giving Elon Musk an earful about the turmoil surrounding him and the electric-car maker in recent weeks.

Still, CNBC said Tesla's shares rose to 1.2 percent shortly after their announcement. But if the company fails to fix its issues, the public may finally begin to pressure Tesla through boycott, and competition will easily take over the electric auto market, especially now that Volkswagen, BMW, Daimler, and others have plans to drop new electric cars soon. The category - which includes battery-powered, plug-in hybrid and fuel-cell automobiles - reached 777,000 units a year ago and could surpass one million sales in 2018, according to the China Association of Automobile Manufacturers. That gave it about 3 per cent of the nation's battery-powered electric-vehicle market, placing it as the No 10 brand in that segment. As Tesla wrote in an annual report filed with the US Securities and Exchange Committee in February, its customers get the full $7,500.

CNBC first reported Tesla's troubles with the Fremont, California, factory suffering several fires. The CEO has said that the company won't need to raise more money this year.

In May 2016, Musk estimated that the company would make 100,000 to 200,000 Model 3s during the second half of 2017.

Argentina's Néstor Pitana to referee World Cup final
Croatia forward Mandzukic would have been hoping to make headlines for scoring in a World Cup final, but not the first own goal. However, there have been plenty of cases of players mobbing referees, wasting time and writhing in exaggerated agony.

Chelsea part ways with manager Antonio Conte
Sarri, who has risen from the amateur ranks of Italian football, will be working outside of his native country for the first time. A key piece of evidence will be the text message Conte is reported to have sent Diego Costa while he was a Chelsea player.

US, South Korea hold ceremony to return home war remains:The Asahi Shimbun
The state secretary later said in Japan that the talks were making progress and there was an ambience of "good faith". President Trump tweeted out the note, dated July 6, on Thursday. "We were ready", one official said.

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