Elon Musk’s purchase of $65 million of SolarCity debt is highly unusual and does not send a good signal to investors, says a corporate governance scholar.Read more "Elon Musk’s, Rives’ SolarCity bond purchases are ‘very odd’"
SolarCity will soon have fewer employees to carry out chairman Elon Musk’s clean-energy dreams for the California solar installer. SolarCity cofounders Lyndon and Peter Rive this week announced a “realignment” that will involve laying off an unspecified number of workers by the end of this year, according to an Aug. 17 regulatory filing.
Read more "SolarCity to Lay off Hundreds of Workers"
“I have never set a goal which I know is unrealistic, unless I have specifically said I know it’s unrealistic,” said Mr. Musk, 45 years old, in an interview. Earlier this month, he committed to boosting Tesla’s weekly output more than 50% by the end of this year compared with the first half of 2016.
“Tesla has absolutely nothing sustainable propriety and yet it’s losing a massive amount of money with zero direct long-range electric car competition. Starting in just a few months and into 2018 it’s going to be swarmed with long-range electric car competition,” Spiegel explained.Read more "“Most Deceptive CEO I’ve Ever Seen”"
The most important sentence on energy in the Democratic National Committee (DNC) platform document is the one it took out: this version of the platform no longer supports an “all-of-the-above” energy strategy.
Coal is out. Nuclear energy and hydropower aren’t even mentioned once in the platform. This version seeks to pick winners and losers in the energy space and remake the energy mix the way the DNC platform committee sees fit, regardless of what the market wants.
You know why that’s a bad idea? Because just about every time the government tries to pick winners and losers in the energy space, the government gets it wrong—like really, really wrong.Read more "DNC Energy Platform Long on Commands, Short on Hope"