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Showing posts with the label #musk #money

Will Russia beat Musk and SpaceX with a nuclear rocket?

Russia is rapidly developing a new reusable nuclear rocket to compete with Musk and SpaceX and It Keldysh Research Centre has now been working on its reusable rocket solution for nearly a decade now, and now it’s ramping up the hype with a new concept video showing how its spacecraft works. Vladimir Koshlakov explained that Elon Musk and SpaceX pose no real threat to the group’s plans because Musk is relying on old technology that will soon be antiquated, while Russia is looking forward to changing the future of spaceflight. Koshlakov, say that their nuclear-powered system will be able to make it to Mars in under seven months and that its reusable rocket stages can be put back into space within 48 hours. “Reusability is the priority, we must develop engines that do not need to be fine-tuned or repaired more than once every ten flights. Also, 48 hours after the rocket returns from space, it must be ready to go again. This is what the market demands.” Since SpaceX is currentl...

Should Elon Musk be worried?

FRANKFURT Volkswagen plans to sell electric cars for less than 20,000 euros which would be $22,836 and protect German jobs by converting more than three factories to make rivals to Tesla's models. Tesla's currently in the early stages of ramping up the production of the Model 3, and despite the heavily advertised $35,000 price tag, that car can easily wind up costing closer to around $40,000 or $50,000, depending on options.  Plans for Volkswagen electric car, known as the MEB and with a volume of 200,000 vehicles, are due to be discussed at a board meeting on Nov. 16 in Germany. The Wolfs burg Car Manufacture declined to comment on the plans, is also expected to discuss alliances with the battery cell manufacturer SK Innovation and one of their biggest rivals Ford. Volkswagen strategy comes as cities start to ban diesel engine vehicles, which will come fully into place by 2022, forcing other car-makers to think of new ways to s...

Tesla Boss Musk stated that his Disastrous 420 Tweet $16 million was worth it!

By EcoCrops International on 29 Oct 2018 at 8:00 PM After being slapped with a $20 Million fine for Tweeting he was going to take Tesla private without any backing you would have thought that Musk would stop firing off words on Tweeter at all hours of the day or night. However, on Friday evening in a thread about criticism and his like ratios on the Twitter platform, the CEO of Tesla Musk claimed that his ill-fated 420 tweet in August was worth the forty million in fines that the regulators levied on him and Tesla in response. Why? The likes. This month a Federal Judge approved Elon Musk and Tesla’s settlement with the US Securities and Exchange Commission after it successfully argued that they had made false and misleading statements in regards to going private.  In addition to paying out $40 million in fines, Elon was compelled to step down as the Tesla’s Chairman for at least three years. Tesla was also required to reign in Musk’s communications with investors. A ...