Tesla shares crashed 8% on Friday as two of its senior executives quit, just hours after the electric carmaker’s chief executive Elon Musk sparked concern by smoking cannabis on a live web show.
The Tesla founder acknowledged that the past year has been the “most difficult and painful” time in his career – but what brought him there?
The entrepreneur has responded to negative headlines by lashing out at the news media and individual journalists.
Tesla’s stock sank over $15 on Thursday following its earnings report. Jim Cramer, who is known for being bombastic and borderline ridiculous, dropped another bomb when he said that you have to be on drugs to understand Tesla and its high-flown forecasts.
But perhaps the reverse is true: Perhaps you must be on mind altering drugs to listen to Jim Cramer.
U.S. computer chip and processor giant Intel will acquire the Israeli smart car tech firm Mobileye in a deal valued at $15.3 billion.
Supplying such automotive giants as General Motors and Volkswagen AG, Mobileye is one of the key producers of the onboard vision systems that anchor current advanced driver assistance systems — as well as tomorrow’s autonomous vehicle technology. The acquisition will help position Intel as a major player in the development of smart and driverless car systems.
Elon Musk hasn’t given up on his vision to add a digital layer of intelligence to our brain.
The Tesla and SpaceX CEO teased that he may have an announcement about “neural lace,” a concept he first brought up at Vox Media’s Code Conference in June.