Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic …

“Ashlee Vance’s new book, ‘Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future,’ is a tremendous look into arguably the world’s most important entrepreneur. Vance paints an unforgettable picture of Musk’s unique personality, insatiable drive and ability to thrive through hardship.” – The Washington Post

“It is the book I have enjoyed most this year.” – Tyler Cowen, famed economist and best-selling author

“The best business book I have read in years.” – Don Graham, former publisher of The Washington Post

“Exhaustively reported . . . this work will likely serve as the definitive account of a man whom so far we’ve seen mostly through caricature. By the final pages, too, any reader will sense the need to put comparisons to Steve Jobs aside. Give Musk credit. There is no one like him.” – The New York Times

“Ashlee Vance’s portrait of the entrepreneur at mid-life is an essential read . . . a riveting portrait of Silicon Valley’s most driven entrepreneur since Steve Jobs.” – The Financial Times

“The result is a book that is smart, light on its feet and possesses a crunchy thoroughness. . . . Mr. Vance delivers a well-calibrated portrait of Mr. Musk, so that we comprehend both his friends and his enemies. It’s a book with many ancillary pleasures. Mr. Vance brings us up to date on the states of green energy and space launches. He also veers away from his subject just often enough, offering profiles of the frequently brilliant people who work alongside Mr. Musk The best thing Mr. Vance does in this book, though, is tell Mr. Musk’s story simply and well.”- The New York Times

“Really good biographies stand out in two ways. First, they provide lots of zesty stories that haven’t been told before. Beyond that, they explain all the zigzags and false clues of a prominent person’s life, in a way that makes the total picture come into focus. . . it’s clear that this new Musk bio delivers the goods in both respects. . . Ashlee Vance provides a wealth of insights about how this tech titan operates.” – Forbes

“Vance’s lively book yields all manner of fascinating insights about Musk’s companies, his vision, and his personal life.” – Slate

“Of the many profiles of business leaders, Vance’s take on Musk is among the best. The author’s objective and unbiased viewpoint captures Musk’s good and bad, his achievements and failures.” – The Motley Fool

“Vance’s book is a masterful piece of reporting.” – Vice

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Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic …

Elon Musk | SpaceX

Elon Musk leads Space Exploration Technologies (SpaceX), where he oversees the development and manufacturing of advanced rockets and spacecraft for missions to and beyond Earth orbit.

Founded in 2002, SpaceXs mission is to enable humans to become a spacefaring civilization and a multi-planet species by building a self-sustaining city on Mars. In 2008, SpaceXs Falcon 1 became the first privately developed liquid-fuel launch vehicle to orbit the Earth. Following that milestone, NASA awarded SpaceX with contracts to carry cargo and crew to the International Space Station (ISS). A global leader in commercial launch services, SpaceX is the first commercial provider to launch and recover a spacecraft from orbit, attach a commercial spacecraft to the ISS and successfully land an orbital-class rocket booster. By pioneering the development of fully and rapidly reusable rockets and spacecraft, SpaceX is dramatically reducing the cost of access to space, the first step in making life on Mars a reality in our lifetime.

Elon also leads Tesla, which makes electric cars, giant batteries and solar products.Previously, Elon co-founded and sold PayPal, the world’s leading Internet payment system, and Zip2, one of the first internet maps and directions services, which helped bring major publishers, including the New York Times and Hearst, online.

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Elon Musk | SpaceX

Elon Musk – Forbes

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Mar 1, 2019

At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact.

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Elon Musk – Forbes

John McAfee Vows to Reveal Bitcoin’s Creator

Infamous tech entrepreneur John McAfee says he's going unmask Bitcoin's creator, but the clues he's shared so far do little to narrow the field.

Maker Unmasked

Infamous tech entrepreneur John McAfee says he’s going to tell the world who created Bitcoin — and if he keeps his word, he’ll be answering perhaps the biggest lingering question in cryptocurrency.

On Wednesday, McAfee took to Twitter to announce his plan to continue sharing clues about the true identity of “Satoshi Nakamoto,” the pseudonymous handle used by the creator of Bitcoin, until either the creator reveals himself or McAfee reveals him.

“I protected the identity of Satoshi,” McAfee tweeted. “It’s time, though, that this be put to bed. Imposters claim to be him, we are spending time and energy in search of him — It’s a waste.”

We’re Waiting

Whether McAfee actually knows the true identity of Bitcoin’s creator is anyone’s guess. But so far, he’s taken to Twitter to claim that Satoshi is male and lives in the United States. He’s also not the CIA, a government agency, computer scientist Nick Szabo, tech entrepreneur Elon Musk, or a brunette.

Oh, and yeah, he’s also alive.

My Name Is

So, to pull some rough numbers, the U.S. is home to about 156.1 million males and about 1 million of those work for the nation’s government. Say about 50 percent are brunettes — that leaves us with ~77.5 million potential Satoshi Nakamotos.

If McAfee wants anyone to believe he actually knows who created Bitcoin — or he wants to pressure the real Satoshi into revealing himself — he’s going to have to narrow the field down a bit more than that.

“Yes, I drink, use drugs, chase women, run from the law — which I have done since I was 19,” he tweeted, in defense of his ability to name the elusive programmer. “But it does not obviate the fact that I created a great company whose focus was stopping hackers. I had to know hacking. I am still John Fucking McAfee.”

READ MORE: John McAfee Triggers Countdown to Unmask Bitcoin Creator Satoshi Nakamoto [CCN]

More on John McAfee: A Real Whodunnit: Tech Eccentric John McAfee Claims Enemies Poisoned Him

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John McAfee Vows to Reveal Bitcoin’s Creator

Professor: Total Surveillance Is the Only Way to Save Humanity

Nick Bostrom, author of

Big Brother

The Oxford philosopher who posited 15 years ago that we might be living in a computer simulation has another far-out theory, this time about humanity’s future — and it’s not exactly optimistic.

On Wednesday, Nick Bostrom took the stage at a TED conference in Vancouver, Canada, to share some of the insights from his latest work, “The Vulnerable World Hypothesis.”

In the paper, Bostrom argues that mass government surveillance will be necessary to prevent a technology of our own creation from destroying humanity — a radically dystopian idea from one of this generation’s preeminent philosophers.

Black Balls

Bostrom frames his argument in terms of a giant urn filled with balls.  Each ball represents a different idea or possible technology, and they are different colors: white (beneficial), gray (moderately harmful), or black (civilization-destroying).

Humanity is constantly pulling balls from this urn, according to Bostom’s model — and thankfully, no one has pulled out a black ball yet. Big emphasis on “yet.”

“If scientific and technological research continues,” Bostrom writes, “we will eventually reach it and pull it out.”

Dystopian AF

To prevent this from happening, Bostrom says we need a more effective global government — one that could quickly outlaw any potential civilization-destroying technology.

He also suggests we lean into mass government surveillance, outfitting every person with necklace-like “freedom tags” that can hear and see what they’re doing at all times.

These tags would feed into “patriot monitoring stations,” or “freedom centers,” where artificial intelligences monitor the data, bringing human “freedom officers” into the loop if they detect signs of a black ball.

Two Evils

We’ve already seen people abuse mass surveillance systems, and those systems are far less exhaustive than the kind Bostrom is proposing.

Still, if it’s a choice between having someone watching our every move or, you know, the end of civilization, Bostrom seems to think the former is a better option than the latter.

“Obviously there are huge downsides and indeed massive risks to mass surveillance and global governance,” he told the crowd at the TED conference, according to Inverse. “I’m just pointing out that if we are lucky, the world could be such that these would be the only way you could survive a black ball.”

READ MORE: An Oxford philosopher who’s inspired Elon Musk thinks mass surveillance might be the only way to save humanity from doom [Business Insider]

More on Bostrom: Philosopher Hadn’t Seen “The Matrix” Before Publishing Simulation Hypothesis

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Professor: Total Surveillance Is the Only Way to Save Humanity

Report: Tesla Doc Is Playing Down Injuries to Block Workers’ Comp

Former Tesla and clinic employees share how doctors blocked workers' compensation claims and put injured people back to work to avoid payouts.

Here’s A Band-Aid

Tesla’s on-site clinic, Access Omnicare, has allegedly been downplaying workers’ injuries to keep the electric automaker off the hook for workers’ compensation.

Several former Tesla employees, all of whom got hurt on the job, and former employees of Access Omnicare, told Reveal News that the clinic was minimizing worker injuries so that the automaker wouldn’t have to pay workers’ comp — suggesting that the barely-profitable car company is willing to do whatever it takes to stay out of the red and avoid negative press.

Back To Work

Reveal, which is a project by the Center for Investigative Reporting, described cases in which employees suffered electrocution, broken bones, and mold-related rashes while working in a Tesla factory — only for Omnicare to deny that the injuries warranted time off work.

The clinic’s top doctor “wanted to make certain that we were doing what Tesla wanted so badly,” former Omnicare operations manager Yvette Bonnet told Reveal. “He got the priorities messed up. It’s supposed to be patients first.”

Missing Paperwork

Meanwhile, employees who requested the paperwork to file for workers’ comp were repeatedly ignored, according to Reveal.

“I just knew after the third or fourth time that they weren’t going to do anything about it,” a former employee whose back was crushed under a falling Model X hatchback told Reveal. “I was very frustrated. I was upset.”

The automaker is on the hook for up to $750,000 in medical payments per workers’ comp claim, according to Reveal‘s reporting.

Meanwhile, both Tesla CEO Elon Musk and Laurie Shelby, the company’s VP of safety, have publicly praised Access Omnicare, Reveal found. Musk even recently announced plans to extend it to other plants, “so that we have really immediate first-class health care available right on the spot when people need it.”

READ MORE: How Tesla and its doctor made sure injured employees didn’t get workers’ comp [Reveal News]

More on Tesla: Video Shows Tesla Autopilot Steering Toward Highway Barriers

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Report: Tesla Doc Is Playing Down Injuries to Block Workers’ Comp

SpaceX Milestone: Company Lands Three Falcon Heavy Boosters

SpaceX successfully landed all three of its Falcon Heavy boosters during the rocket's second launch ever, marking a new milestone in reusable rocketry.

The Falcons Have Landed

The second time is apparently the charm for SpaceX.

In February 2018, Elon Musk’s space company launched a Falcon Heavy rocket for the first time, but it wasn’t able to recover all three of the rocket’s boosters — rather than landing on SpaceX’s autonomous drone ship like it was supposed to, the center core splashed down in the Atlantic Ocean. Whoops.

On Thursday, the company attempted its second Falcon Heavy launch, and this time it nailed the landing of all three boosters — marking a new milestone in reusable rocketry.

Watch SpaceX's #FalconHeavy rocket lands its center core on a ship for the first time ? pic.twitter.com/VltoKVaAox

— CNET (@CNET) April 12, 2019

Democratizing Space

The Falcon Heavy is currently the most powerful launch vehicle in operation. Because SpaceX designed the rocket to be reusable, it can keep the cost of launches lower than would otherwise be possible — and cheaper launches mean more launches, thereby advancing humanity’s efforts to study, explore, and exploit space.

Now that SpaceX has proven it can successfully recover all three Falcon Heavy boosters, it can start looking ahead to the five launches already on the rocket’s manifest — and the others that will likely follow.

Falcon Heavy’s side boosters land on Landing Zones 1 and 2 pic.twitter.com/nJCCaVHOeo

— SpaceX (@SpaceX) April 12, 2019

READ MORE: SpaceX launches mega rocket, lands all three boosters [Phys.org]

More on Falcon Heavy: The Falcon Heavy Launched. Here’s What’s Next for SpaceX.

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SpaceX Milestone: Company Lands Three Falcon Heavy Boosters

Tesla Says Autopilot Is Statistically Safer Than a Human Driver

A new Tesla safety report reveals an increase in Tesla crashes, but engaging Autopilot cuts the likelihood of a fender bender.

Good News/Bad News

Tesla’s latest quarterly safety data report is a mixed bag of good and bad news.

According to the report, which Tesla released this week, crashes involving the company’s vehicles are on the rise. Not great.

However, when Autopilot is engaged, Teslas are less likely to get into crashes, signaling that human drivers may benefit from an artificial intelligence safety boost. And even with Autopilot switched off, the likelihood of a Tesla getting into a crash is still less than the national average — a sign that Tesla’s efforts to make its cars the safest in the world appear to be paying off.

Crunched Number

In the fourth quarter of 2018, Tesla reported one accident for every 2.91 million miles driven with Autopilot engaged. The first Tesla safety report of 2019 shows that rate increasing slightly, to one accident every 2.87 million miles.

However, both of those figures are better than the statistics for Teslas without Autopilot engaged: one accident for every 1.76 million miles driven in Q4 2018 and one every 1.58 million miles driven in Q1 2019.

Teslas with or without Autopilot engaged also appear substantially safer than the average car, based on the new Tesla data. According to the National Highway Traffic Safety Administration’s most recent data, there’s an auto crash every 436,000 miles driven in the United States.

READ MORE: Tesla releases new Autopilot safety report: more crashes but still fewer than when humans drive [Electrek]

More on Autopilot: Elon Musk: Teslas Should Have “Full Self-Driving” by End of 2019

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Tesla Says Autopilot Is Statistically Safer Than a Human Driver

Report: Tesla Doc Is Playing Down Injuries to Block Workers’ Comp

Former Tesla and clinic employees share how doctors blocked workers' compensation claims and put injured people back to work to avoid payouts.

Here’s A Band-Aid

Tesla’s on-site clinic, Access Omnicare, has allegedly been downplaying workers’ injuries to keep the electric automaker off the hook for workers’ compensation.

Several former Tesla employees, all of whom got hurt on the job, and former employees of Access Omnicare, told Reveal News that the clinic was minimizing worker injuries so that the automaker wouldn’t have to pay workers’ comp — suggesting that the barely-profitable car company is willing to do whatever it takes to stay out of the red and avoid negative press.

Back To Work

Reveal, which is a project by the Center for Investigative Reporting, described cases in which employees suffered electrocution, broken bones, and mold-related rashes while working in a Tesla factory — only for Omnicare to deny that the injuries warranted time off work.

The clinic’s top doctor “wanted to make certain that we were doing what Tesla wanted so badly,” former Omnicare operations manager Yvette Bonnet told Reveal. “He got the priorities messed up. It’s supposed to be patients first.”

Missing Paperwork

Meanwhile, employees who requested the paperwork to file for workers’ comp were repeatedly ignored, according to Reveal.

“I just knew after the third or fourth time that they weren’t going to do anything about it,” a former employee whose back was crushed under a falling Model X hatchback told Reveal. “I was very frustrated. I was upset.”

The automaker is on the hook for up to $750,000 in medical payments per workers’ comp claim, according to Reveal‘s reporting.

Meanwhile, both Tesla CEO Elon Musk and Laurie Shelby, the company’s VP of safety, have publicly praised Access Omnicare, Reveal found. Musk even recently announced plans to extend it to other plants, “so that we have really immediate first-class health care available right on the spot when people need it.”

READ MORE: How Tesla and its doctor made sure injured employees didn’t get workers’ comp [Reveal News]

More on Tesla: Video Shows Tesla Autopilot Steering Toward Highway Barriers

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Report: Tesla Doc Is Playing Down Injuries to Block Workers’ Comp

Elon Musk: 2019 Will Be “the Year of the Solar Roof”

During the unveiling of Tesla's highly anticipated Model Y, CEO Elon Musk announced that the company would focus on its Solar Roof and Powerwall in 2019.

Looking Up

During the unveiling of Tesla’s highly anticipated Model Y Thursday night, CEO Elon Musk shared his vision for his company’s immediate future — and it had little to do with cars.

“This is definitely going to be the year of the Solar Roof and Powerwall,” he told the audience, according to Inverse — a sign that Tesla is shifting its focus from the road to the home, with the ultimate goal of creating a fully sustainable future.

Pretty Picture

In August 2017, Tesla gave the world its first glimpse of an installed Solar Roof, and it looked, well, a lot like any other roof. But that was the point — Tesla’s solar tiles didn’t have the jarring appearance of many home solar panels.

That aesthetically pleasing design — combined with the tiles’ affordability and “infinity warranty” — had solar energy expert Senthil Balasubramanian predicting Tesla would be a “game changer” for clean energy.

With the exception of the occasional massive battery project, though, we haven’t heard much about Tesla’s home energy products since then. The company spent much of 2017 and 2018 focused on getting through the Model 3’s “production hell” and dealing with the fallout from Musk’s latest public misstep.

Under One Roof

But now that Model 3 production is humming along, Tesla has the bandwidth to shift some of its engineering focus back to its Solar Roof and home batteries, according to Musk — and that should go a long way toward helping the company meet its ambitious goal of a more sustainable energy system.

“Solar plus battery plus electric vehicles, we have a fully sustainable future,” Musk told the audience Thursday. “That’s a future you can feel really excited and optimistic about. I think that really matters.”

READ MORE: Tesla Solar Roof: Elon Musk Declares 2019 Will Be the Year of the Roof [Inverse]

More on Tesla: Solar Expert Predicts Tesla Will Be a “Game-Changer” for Clean Energy

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Elon Musk: 2019 Will Be “the Year of the Solar Roof”

Elon Musk: $47,000 Model Y SUV “Will Ride Like a Sports Car”

A Familiar Car

First, it was supposed to feature Model-X-style “falcon wing” doors, and then it didn’t. It was supposed to be built in the Shanghai factory, but that didn’t work out either.

Tesla finally unveiled its fifth production car, the Model Y, at its design studio outside of Los Angeles Thursday evening.

“It has the functionality of an SUV, but it will ride like a sports car,” Tesla CEO Elon Musk said during the event. “So this thing will be really tight on corners.”

Bigger than the 3, Smaller Than the X

Yes, acceleration is still zippy: zero to 60 in 3.5 seconds.

But the vehicle is less than revolutionary. It’s arguably the company’s second crossover sports utility vehicle, after the Model X, and it borrows heavily from the company’s successful Model 3. In fact, 75 percent of its parts are the same, according to CEO Elon Musk.

The back of the Y is slightly elevated in the back for a roomier cargo space. A long-range model will feature seven seats — just like the Model X, despite being slightly smaller. Range: still 300 miles with the Long Range battery pack, thanks to its aerodynamic shape.

It will also be “feature complete” according to Musk, referring to the fact that the Model Y will one day be capable of “full self-driving” that he says “will be able to do basically anything just with software upgrades.”

10 Percent Cheaper

As expected, the Model Y is ten percent bigger and costs roughly ten percent more than the Model 3: the first Model Y — the Long Range model — will be released in the fall of 2020 and will sell for $47,000. A dual-motor all-wheel drive version and a performance version will sell for $51,000 and $60,000, respectively.

If you want to save a buck and get the ten-percent-cheaper-than-the-Model-3 version, you’ll have to wait: a Standard Range (230 miles) model will go on sale in 2021 for just $39,000.

Overall, the Model Y seems like a compromise: it’s not a radical shift, but it seems carefully designed to land with a certain type of consumer — and, if Musk is to be believed, without sacrificing Tesla’s carefully-cultivated “cool factor.”

Investors seemed slightly underwhelmed, too — the company’s stock reportedly slid up to five percent after the announcement.

READ MORE:  Tesla unveils Model Y electric SUV with 300 miles range and 7-seats [Electrek]

More on the Model Y: Elon Musk: Tesla Will Unveil Model Y Next Week

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Elon Musk: $47,000 Model Y SUV “Will Ride Like a Sports Car”

Mitsubishi’s New Hybrid Can Power Your Home During a Blackout

Bi-Directional Charging

In the future, your car will charge your house.

That’s according to Japanese carmaker Mitsubishi, which is working on a solar platform — including a sizable home battery, charger and solar panels — called Dendo Drive House. The twist: it can use the company’s lineup of plug-in hybrid cars to store extra power.

It’s a futuristic concept: when the sun shines, both your car and home charge up at the same time thanks to a “bi-directional charger.” If you’re stuck with no power from the electric grid, your home is able to use up your plug-in hybrid car’s remaining battery reserves.

In its promotional video, Mitsubishi argues it might even save you some money — you can chose to charge your home from the grid at night, when electricity prices are lower.

The Engelberg Tourer

The reveal came alongside the announcement of Mitsubishi’s Engelberg Tourer, a “next-generation crossover SUV concept” at this year’s Geneva Motor Show.

The Tourer is meant to skip the need for charging infrastructure altogether, according to the press release, thanks to its generous battery pack — and of course the Dendo Drive House platform with its bi-directional charging capability.

It’s not the first time the idea has cropped up: Tesla CEO Elon Musk mentioned the idea in a July 2018 tweet, pointing out it might make sense for his electric vehicle company to “revisit” the idea.

Like many concepts of its kind, there’s no guarantee Mitsubishi’s SUV and the Dendo Drive House platform will ever be released to the public.

While Tesla has already shown the benefits of mounting a massive home battery packs to your garage wall, the efficiency of home solar panel technology still has a way to go.

But who wouldn’t want to save some money on their energy bills while ensuring that their energy demands are met even during a power outage?

READ MORE: This SUV powers your house–and your house powers this SUV [Fast Company]

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SpaceX’s Crew Dragon Spacecraft Splashes Down in the Atlantic

Welcome Home

Mission Demo-1 is officially complete.

After successfully undocking from the International Space Station in the early morning hours and burning through Earth’s atmosphere, SpaceX’s passenger spacecraft slowly descended back down to Earth, before safely splashing down into the Atlantic Ocean — and right on schedule at 8:45 am EST.

.@SpaceX’s #CrewDragon returned to Earth with a splash in the Atlantic Ocean off Florida’s eastern shore at 8:45am ET, completing an end-to-end flight test to the @Space_Station and back as part of our @Commercial_Crew Program. Learn more: https://t.co/MFB7dVb60c pic.twitter.com/8lFL6X3Tue

— NASA (@NASA) March 8, 2019

The Descent

Crew Dragon’s descent was slowed thanks to four large parachutes it deployed once it re-entered Earth’s atmosphere.

Astronauts loaded roughly 300 pounds (136 kg) of cargo from the ISS into the spacecraft on Thursday to send back down to Earth.

SpaceX successfully launched the spacecraft on Saturday. It marks the first time a passenger spacecraft launched from American soil to the ISS — and returned safely back down to Earth — since the end of NASA’s Space Shuttle program in 2011.

Mission Accomplished

SpaceX’s Crew Dragon docked itself, with no robotic arm required, to an open port of the International Space Station early Sunday morning. It then spent five days docked to the station while astronauts checked out the inside of what could one day become their ride back home.

A lot could’ve gone wrong. The cargo Dragon variant featured a different parachute system and had a differently shaped hull.

“I see hypersonic re-entry as probably my greatest concern,” SpaceX CEO Elon Musk said during a post-launch press event on Saturday.

In July, SpaceX is hoping to send the Crew Dragon capsule back into space — but this time with NASA astronauts Bob Behnken and Doug Hurley on board.

READ MORE:

More on Crew Dragon: Expert: SpaceX Just Made Russia’s Space Program “Null and Void”

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SpaceX’s Crew Dragon Spacecraft Splashes Down in the Atlantic

Elon Musk

Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.

In 2015 Musk gifted 1.2 million Tesla shares to his foundation, which spent $480,000 in late 2018 to provide clean drinking water to schools in Flint, Michigan.

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Elon Musk Doesnt Need to Be Tesla CEO, Top Shareholder …

Photograph by Jim Watson/AFP/Getty Images

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Tesla stock has been falling since Thursday, when CEO Elon Musk said the company would be closing its stores in favor of an online-only sales model.

On Tuesday, with the stock down again, the companys largest outside shareholder expressed its support for Musk, but acknowledged that it was open to a different role for the Tesla (ticker: TSLA) founder and CEO.

We wouldnt be against him having a different role, James Anderson, head of global equities for Ballie Gifford, told Barrons. I dont think he needs to be CEO.

Huawei Chief Financial Officer Meng Wanzhou is set to face extradition hearings in Canada after the U.S. charged her with crimes related to violating sanctions against Iran. WSJs Shelby Holliday explains three things to know about the case. Photo: AP

Anderson was answering a question about how Musks circumstances could change given the Securities and Exchange Commissions request to a federal court to find Musk in contempt.

Tesla stock closed down 3.1% Tuesday, to $276.54 per share, as the broader S&P 500 was flat.

Anderson said Musk was essential to Tesla, but he suggested that the companys founder could play some other role within the company, such as taking on a chief ideologue position.

A Tesla spokesman didnt immediately respond to a request for comment.

Tesla stock is down 13% since the company made its online sales announcement last Thursday. On a call with reporters, Musk also acknowledged the company would not be profitable in the first quarter.

The new sales strategy came only days after the SEC said it was asking a federal judge to find Teslas CEO in contempt of court. The SEC action followed a recent round of Musks tweets where he seemed to mislead investors about Teslas 2019 production, before correcting himself a few hours later.

Investors have long traded alongside Musk, with shares falling in and out of favor based on his behavior. Through it all, the companys largest outside shareholder, Baillie Gifford, has remained a steadfast supporter. The firm, based in Edinburgh, Scotland, currently owns 13 million shares, or 7.7% of Teslas stock, valued at $3.8 billion. Baillie Gifford is Teslas second largest shareholder, behind Musk, who owns 19.7% of the stock.

The firm has been building its stake in Tesla since 2013, according to FactSet, rarely selling shares.

On Tuesday, Musk tweeted that the companys decision to hold a press-only call to announce its lower priced Model 3 and its change in strategy with regard to sales was a mistake.

Write to Alex Eule at alex.eule@barrons.com

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Elon Musk Doesnt Need to Be Tesla CEO, Top Shareholder …

Elon Musk

Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.

In 2015 Musk gifted 1.2 million Tesla shares to his foundation, which spent $480,000 in late 2018 to provide clean drinking water to schools in Flint, Michigan.

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Elon Musk

SEC options to rein in Elon Musk include leaning on Tesla and …

The Securities and Exchange Commission is between a rock and a hard place, experts say, in deciding what to do about what it told a judge on Tuesday is Elon Musks violation of the clear and unambiguous terms of a legal settlement the Tesla CEO made in October.

You cant stop Tweeting Elon from tweeting, but that might not be such a big problem if he exercised good judgement, Matt Kelly, editor of the Radical Compliance newsletter and a long-time observer of corporate governance and compliance issues, told MarketWatch. Instead, he repeatedly displays a deliberate, open and defiant attitude towards the role of the SEC in protecting investors from his recklessness.

SEC Chairman Jay Clayton argued at the time of the original October settlement that taking Musk out of Tesla may also harm investors, since he is so important to the company. That would be anathema to the regulators mission to protect investors.

The October settlement with the SEC resolved a fraud charge resulting from tweets Musk made about a potential Tesla take-private transaction. The SEC said in its legal filing that the requirement was necessary to prevent Musk from recklessly sending out false or inaccurate information ever again. Musk and Tesla TSLA, -3.20% had promised the SEC that the CEO would start getting pre-approval for any communications, including tweets, that might contain information material to Tesla or its shareholders.

But four months later, on Feb 19, Musk tweeted out a forecast of automobile production that was not consistent with what the company had reported in its recent earnings release and conference call.

The companys attorney, Brad Bondi, confirmed to the SEC that Musk had not sought or received pre-approval for the inaccurate tweet that was sent out to his 24 million Twitter followers.

On Tuesday U.S. District Judge Alison Nathan ordered Musk to explain by March 11 why he should not be held in contempt for violating the settlement agreement.

The SEC enforcement action was ultimately settled not just against Musk but also against Tesla, Kevin LaCroix, an attorney and executive vice president at RT ProExec, an insurance intermediary focused exclusively on officer and director liability issues, told MarketWatch.

I would think the SEC has the right to return to court to reopen the matter as to the company, too. The settlement with the company agreed to a number of measures regarding the companys board (Musk to step down as chairman, independent directors to be appointed). The SEC could say that the companys boards is falling short on supervising Musk and that violate the purposes and intent of the agreement, LaCroix told MarketWatch.

Read: Tesla finally launches $35,000 Model 3, and moves all sales online

See: Opinion: Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrives

Tesla, the company, also agreed to adopt a senior executives communication policy that would spell out who would approve Musks communications and how that process would work. The policy, dated Dec 11, 2018, says that the board would appoint its general counsel and disclosure counsel, or in the case of unavailability, its CFO, to be the ones who could pre-approve Musks utterances.

Neither Tesla nor Bondi responded to whether the board appointed Jonathan Chang, the companys new general counsel, and Zach Kirkhorn, the companys new CFO to be Musks tweet-minders.

The SEC also required Tesla to add two new independent board members as part of the settlement. Oracle founder Larry Ellison and Kathleen Wilson-Thompson, who spent 17 years as an executive at the Kellogg Company, and currently serves as the executive vice president and global chief human resources officer of the Walgreens Boots Alliance, joined the Tesla board.

Ellison disclosed he owns 3 million shares in Tesla and has also admitted he and Musk are close friends.

The SEC has more power to force change than it lets on, Kelly told MarketWatch. It wasnt that long ago that the SEC forced Elizabeth Holmes to relinquish her control of Theranos, as settlement for fraud allegations. The board has the power to rein in Musk, even fire him. The SEC could use its enforcement leverage against Telsas independent directors to force more discipline.

The SEC can inform the board they want them to take a more active role in reigning in Musks tweets and other social media activity, said Betsy Atkins, a leading public company director serving on the board of Wynn Resorts WYNN, +0.36% , Schneider Electric SBGSY, +0.48% and Volvo Cars.

However, if I were the regulator, I would leverage Musks desire to stay on as CEO and a board member. I suspect hed be very unhappy with a 5-year ban on serving on a public company board, including Tesla.

Thats one of the SECs potential remedies, she said.

Atkins believes that market forces will cause the correction needed before any regulatory sanction, even a bigger fine for Musk, does. If I were on that board, I would be very concerned and want the company to buy additional liability insurance for directors, Atkins told MarketWatch. Plaintiffs attorneys are already circling and at some point the current directors and officers insurance carrier may become fatigued and potentially unwilling to immunize the board from the public and private litigation.

See also: Tesla makes record $920 million payment for convertible bond

Read: Even if guilty of contempt, Teslas Elon Musk unlikely to get harsh penalty, experts say

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SEC options to rein in Elon Musk include leaning on Tesla and …

Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic …

“Ashlee Vance’s new book, ‘Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future,’ is a tremendous look into arguably the world’s most important entrepreneur. Vance paints an unforgettable picture of Musk’s unique personality, insatiable drive and ability to thrive through hardship.” – The Washington Post

“It is the book I have enjoyed most this year.” – Tyler Cowen, famed economist and best-selling author

“The best business book I have read in years.” – Don Graham, former publisher of The Washington Post

“Exhaustively reported . . . this work will likely serve as the definitive account of a man whom so far we’ve seen mostly through caricature. By the final pages, too, any reader will sense the need to put comparisons to Steve Jobs aside. Give Musk credit. There is no one like him.” – The New York Times

“Ashlee Vance’s portrait of the entrepreneur at mid-life is an essential read . . . a riveting portrait of Silicon Valley’s most driven entrepreneur since Steve Jobs.” – The Financial Times

“The result is a book that is smart, light on its feet and possesses a crunchy thoroughness. . . . Mr. Vance delivers a well-calibrated portrait of Mr. Musk, so that we comprehend both his friends and his enemies. It’s a book with many ancillary pleasures. Mr. Vance brings us up to date on the states of green energy and space launches. He also veers away from his subject just often enough, offering profiles of the frequently brilliant people who work alongside Mr. Musk The best thing Mr. Vance does in this book, though, is tell Mr. Musk’s story simply and well.”- The New York Times

“Really good biographies stand out in two ways. First, they provide lots of zesty stories that haven’t been told before. Beyond that, they explain all the zigzags and false clues of a prominent person’s life, in a way that makes the total picture come into focus. . . it’s clear that this new Musk bio delivers the goods in both respects. . . Ashlee Vance provides a wealth of insights about how this tech titan operates.” – Forbes

“Vance’s lively book yields all manner of fascinating insights about Musk’s companies, his vision, and his personal life.” – Slate

“Of the many profiles of business leaders, Vance’s take on Musk is among the best. The author’s objective and unbiased viewpoint captures Musk’s good and bad, his achievements and failures.” – The Motley Fool

“Vance’s book is a masterful piece of reporting.” – Vice

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Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic …

Is Elon Musk trying to commit suicide by SEC by taunting …

Most amazingly, Musk continued to poke at the SEC with further tweets Monday and Tuesday, starting within a couple of hours of the agencys contempt motion. He claimed his Feb. 19 tweets merely reiterated earlier disclosures by the company SEC forgot to read Tesla earnings transcript, which clearly states 350k to 500k. How embarrassing, he tweeted Monday night. Then, on Tuesday at 4:25 a.m., he tweeted, Something is broken with SEC oversight.

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Is Elon Musk trying to commit suicide by SEC by taunting …

Johnny Depp Claims Amber Heard Cheated on Him With Elon Musk …

Johnny Depp is accusing ex-wifeAmber Heard of “spending time in a new relationship” withElon Musk a month after they got married, while the Tesla founder says he and the actress started seeing each other only after the marriage ended.

The 55-year-oldPirates of the Caribbean star made the claim in a $50 million defamation lawsuit he filed against the 32-year-old actressafter she wrote a Washington Post op-eddepictingherself as a domestic abuse victim. He has denied her allegations of domestic abuse, which she had made while filing for divorce in May 2016 to end their 15-month marriage.

Depp and Heardwed in February 2015. His lawsuit, filed on Friday, states, “Unbeknownst to Mr. Depp, no later than one month after his marriage to Ms. Heard, she was spending time in a new relationship with Tesla and Space X founder, Elon Musk.”

“Only one calendar month after Mr. Depp and Ms. Heard were marriedwhile Mr. Depp was out of the country, filming in March 2015Eastern Columbia Building personnel testified that Ms. Heard received Musk ‘late at night’ at Mr. Depp’s penthouse,” the documents say. “Specifically, Ms. Heard asked staff at the Eastern Columbia Building to give her ‘friend Elon’ access to the building’s parking garage and the penthouse elevator ‘late at night,’ and they testified that they did so. Building staff would then see Ms. Heard’s ‘friend Elon’ leaving the building the next morning.”

The lawsuit adds, “Musk’s first appearance in Mr. Depp’s penthouse occurred shortly after Ms. Heard threw a vodka bottle at Mr. Depp in Australia, when she learned that Mr. Depp wanted the couple to enter into a post-nuptial agreement concerning assets in their marriage. Ms. Heard’s violently aimed projectile virtually severed Mr. Depp’s middle finger on his right hand and shattered the bones. Mr. Depp’s marriage to Ms. Heard came to an end in May 2016.

Media-Mode / Splash News

A rep for Musk told E! News, “Elon and Amber didn’t start seeing each other until May 2016, and even then it was infrequent. Their relationship didn’t become romantic until some time later.”

Musk, 47, and Heard were first photographed togetheras a couple inApril 2017 andbroke upthat summer.

Heard’s rep has not commented directly on Depp’s accusations of cheating. Her lawyer commented on his lawsuit in general, saying in a statement, “Thisfrivolous action is just the latest of Johnny Depp’s repeated efforts to silence Amber Heard. She will not be silenced.Mr. Depp’s actions prove he is unable to accept the truth of his ongoing abusive behavior. But while he appears hell-bent on achieving self destruction, wewill prevail in defeating thisgroundless lawsuit and ending the continued vile harassment of my client by Mr. Depp and his legal team.”

Depp’s attorney said in response to the statement, “‘They want to silence Amber Heard’ doesn’t sound like a denial by Ms. Heard of Mr. Depp’s 40-page, evidence-packed complaint. We hardly intend to silence Ms. Heardto the contrary, we intend to subpoena and compel evidence from her, her three hoax-assisting friends, andElon Musk. We look forward to holding the overwhelming video, photographic and eyewitness evidence we finally possess up against Amber Heard’s (so far silent) attempts to explain the inexplicable.”

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Johnny Depp Claims Amber Heard Cheated on Him With Elon Musk …