Reports surfaced two weeks ago that Google was developing a project, called Dragonfly , to launch a mobile search app that would censor results in compliance with the Chinese government. Google did not respond to a request for comment at the time of publication. Work on the project, code-named Dragonfly , has been ongoing secretly since 2017, raising concerns among employees that they have been unknowingly contributing to a project which will withhold information from the Chinese people.
In a recent interview with the New York Times , Tesla CEO Elon Musk discussed the issues surrounding his electric vehicle company in recent months. "But I was not on weed, to be clear". "I'm excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private", Musk tweeted.
Regulators are looking into statements the company made regarding its production-plagued Model 3 and the tweet Musk made earlier this month about having "funding secured" to take the company private at $420 a share. He attributed a lot of his stress to short-sellers who bet against Tesla's stock, saying he's preparing himself for "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla's destruction".
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The 47-year-old is facing mounting pressure over a tweet sent last week in which he claimed to have "secured funding" to take Tesla private . "But from a personal pain standpoint, the worst is yet to come ". Last week, he revealed a push to take the company private in an unusual series of tweets that has reportedly prompted an SEC investigation. The Times' reporting about the search for a number-two executive was included in an article about an interview with Musk, during which ...
Mexican Economy Secretary Ildefonso Guajardo on Friday said the US and Mexico could strike a deal on bilateral issues in the North American Free Trade Agreement by next week, though he noted that the two sides must still reach agreement on the transition period for new auto rules of origin as well as on undisclosed "financial items".
United Kingdom department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator. "We didn't take this decision lightly, but since we can not give our customers clear assurances of when their orders will be delivered, we believe cancellation is the best option".
Since the interview Tesla's board had shown no sign of taking any action. He is also chairman and CEO of innovative rocket manufacturer SpaceX and has created two other entities that add to demands on his time . Tesla shares fell this week on reports by Fox Business and the Times that the US Securities and Exchange Commission has subpoenaed Musk to talk about the tweet.
Musk described his struggle by adding that he almost missed his brother's wedding and spent his birthday in office trying to meet the deadlines set for the launch of the new Tesla models. The father-of-six also rejected suggestions he had been smoking marijuana, adding: 'I was not on weed, to be clear. Musk, whose company posted a record US$709.6 million net loss in the first quarter of this year while struggling to manufacture large numbers of its Model 3 mass-market electric auto, said ...
Upon assuming power last July, Premier Doug Ford's conservative government announced the end of several green energy programs, including several thousands of dollars in rebates for electric vehicle buyers. It doesn't appear to be as straight-forward as Tesla claim, however, and here's why: The government said in July, that incentives would be honored under certain conditions, specifically, if a vehicle is ordered through a dealership, and delivered and registered before September 10th.