News that SolarCity, another recipient of millions in government largess from the Obama Administration, would be issuing an IPO forced the disclosure that the IRS and the Treasury Department were now investigating the company, and others, for potential abuse of taxpayer funds. The company, which received a subpoena in July from the Office of the […]Read more "#TBT: IRS and Treasury Investigate Obama’s SolarCity"
An investor group wants Tesla Motors to shake up its board of directors after it was discovered six out of seven board members with the solar panel company have direct connections with Elon Musk, the CEO and chairman of both companies. CtW Investor Group said the market’s “hostile reaction” to the SolarCity deal was induced, in […]Read more "6 Out Of 7 SolarCity Board Members Have Direct Ties To Elon Musk"
Billionaire Elon Musk’s grip over Tesla Motors has grown too tight as he pursues a controversial merger of the company with solar-panel maker SolarCity, an investor group complained. CtW Investment Group, a manager of union-based pension funds that hold 200,000 Tesla shares, demanded in a letter that Tesla separate Musk’s chairman and CEO roles. CtW […]Read more "Investors want Tesla to separate Musk’s chairman, CEO roles"
As a resident of Silicon Valley, I am deeply embarrassed to admit this, but here I go: I am not dazzled by Elon Musk. (Pause, while Silicon Valley gasps in appalled surprise.) I know how much he’s accomplished. Starting a new car company from scratch was an enormous undertaking, and the Tesla—the official pace car […]Read more "Why I’m Not Dazzled by Elon Musk"
It’s a proposal that would unite two companies on shaky financial ground as they plow into relatively new markets. One makes electric cars, the other installs solar panels. There are few obvious synergies. Perhaps even more puzzling are the motives of Elon Musk [pictured above], a polarizing billionaire who is the chairman and largest shareholder […]Read more "The Tesla-SolarCity Love Affair Is Crumbling"