Entertainment Power Play: Tesla, Elon Musk, & The Bet Of The Century (New Book)
Tesla: ELON MUSK sold for almost $ 7 billion in one week
© Patrick Pleul / Picture Alliance / Getty Images Tesla: ELON MUSK sold for almost $ 7 billion in one week according to the American market regulator , Tesla's boss had triggered the sale as early as September 14th. Despite its enormous losses, it is always the richest man in the world . But the founder and general manager of Tesla, Elon Musk, has yielded about 5.1 million shares since the beginning of the week, of which about 4.2 million were housed in a trust. A first $ 1.1 billion block was
How Tesla beat the odds and changed the course of the future.
Videos and online articles are all very well, but some of us still like a good, solid book, paper or electronic, and it’s a little surprising that there aren’t more books about the 21st century’s most exciting and most widely-discussed company.
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When I first releasedin 2014, I expected to have the field to myself for only a short time, before a “real” book—one with a hard cover and celebrity blurbs on the jacket—appeared in airport bookstores. As it turned out, my experience paralleled the history of . As Marc Tarpenning told me, “We believed (quite naively), that once the Roadster was out and people saw that you could make a compelling electric car, all the car companies would jump on this idea.” Fifteen years later, they still really haven’t.
Yes, Ashlee Vance releasedin 2015, but this included only a fairly brief discussion of Tesla, and of course, it’s now six years old. Yes, a few hardbacks and paperbacks have appeared since then, but these have either focused on the vehicles themselves (for example, by EVANNEX’s Roger Pressman), or on their writers’ personal impressions of Tesla. As far as a comprehensive history of the company goes, I had the field to myself until now (it hasn’t made me rich—so much for the first-mover advantage).
Tesla share is more expensive: JPMOrgan sued Tesla - Musk Sells More Stock Package
JPMorgan Chase & Co. has filed a lawsuit against Tesla on Monday for alleged contract breaking associated with equity options that were due this year. © Provided by finanzen.net Philippe Huguen / AFP / Getty Images The financial institution explained it with the on Monday at U.S. District Court for The Southern District of New York submitted action submitted more than 162 million dollars.
Now Tim Higgins, a longtime writer for the Wall Street Journal, has released(Random House, 2021, 362 pages).
For true followers of the Tesla story, there’s a lot to like in this book. In fact, I would go so far as to call it a must-read, because there’s a wealth of material here that has never appeared publicly before. Higgins has enjoyed unprecedented access—he interviewed Tesla co-founders JB Straubel and the elusive Martin Eberhard, along with “hundreds” of former Tesla employees (many of whom spoke under condition of anonymity). He also somehow gained access to copies of emails exchanged by company execs—a treasure trove of firsthand information about the early days, and about several controversial episodes.
There are a number of previously untold stories here, and new aspects of familiar stories. In several cases, Higgins’s findings reveal interesting new information about events that had been widely covered, but not fully elucidated.
NTSB Drops Probe Into Fatal 2020 Crash Involving Tesla Model 3
The safety board concluded that the August 2020 fatal crash in Saratoga (CA) was caused by driver error, not Autopilot. The United States National Transportation Safety Board (NTSB) closed an investigation into a fatal Tesla crash that happened in Saratoga, California, in August 2020. © InsideEVs Tesla Model 3 On November 16, NTSB announced that the investigation ended without the body taking any action.
We already knew that, when the Tesla pioneers, they were obsessive about safety. Higgins reveals that their caution was inspired by a couple of spectacular battery fires that occurred when the team first started fooling around with the then-new lithium-ion batteries. He also gives us some hitherto-unreported details about the interaction between Martin Eberhard and the AC Propulsion team.
A lot of people are entranced by the reports that Tesla once considered a merger with Apple, or Google, or both (I don’t share the fascination—it didn’t happen, so who cares who discussed it and when?). In 2015,when he wrote that, according to “two people with direct knowledge of the deal,” and Larry Page discussed a deal in which Google would acquire Tesla. Page called this a rumor, and Musk said that the deal never progressed beyond “very informal discussions.”
This dubious anecdote generated far more media coverage than anything else in Mr. Vance’s book, a fact that apparently was not lost on Mr. Higgins. His book includes a similar headline-grabbing tale, attributed to “people who heard Musk’s version of events,” that Musk proposed an acquisition deal to Apple CEO Tim Cook, with the bizarre condition that Musk would become the CEO of Apple.
Minister at final approval for Tesla optimistically
Brandenburg's Minister of Economic Minister Jörg Steinbach (SPD) remains optimistic that this year the first E cars from the factory of the US electric autobauer Tesla in Grünheide in Berlin roles from the band. © patrick pleul / dpa central picture / dpa workers are waiting early morning at an entrance to the construction site for the Tesla autofabrik. , however, he could not give a guarantee, Steinbach said on Monday in Potsdam.
Following the book’s publication, the two zillionaires stoked the rumor mill further with a pair of unconvincing denials. Musk said he “reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla,” but that Cook refused a meeting. Cook claimed, implausibly, that he “has never spoken to Elon.” The speculation will continue—perhaps these unidentified “people with knowledge” are aliens...or Elvis?
Above: Author Tim Higgins talks about Power Play and how the book evolved over the time he started writing it (YouTube:)
There are a lot of other stories in this book that I find more interesting (and better documented). The role of(now the CEO of ) in the Tesla story appears to have been even more important than we thought. We knew that Rawlinson was one of the main designers of Model S. As Higgins tells it, he also played a large role in forming Tesla’s overall strategy. Rawlinson was hired when the development of was in its early stages. A week into his new job, he had the balls to tell Elon Musk that he needed to scrap the existing Model S program and start over.
Rawlinson insisted that Model S needed to be built “from the ground up” as an EV, not cobbled together from components of existing gas vehicles as the Roadster had been (Musk was). Tesla was working with Daimler on a plan to build Model S on a platform used for the Mercedes E-Class. Rawlinson shot that proposal down, and Model S became his baby. The policy of designing the best vehicles possible, regardless of cost, and regardless of auto industry tradition, became one of the cornerstones of Tesla’s corporate ethos.
Rivian vs. Tesla: Dispute in court goes into the next round
since last year has fired a courtship between the E-automotors Tesla and Rivian. Shortly before the Fulminant Börpendebüt of Rivian, the feud reached a new level. © Provided by finanzen.net firs MAURY / AFP / Getty Images • Tesla with the first suit against Rivian in July 2020 • Rivian shoots back • Tightening of the dispute shortly before Rivian-IPO already since summer 2020 Swing between the eV - Pione Tesla and Rivian a mutual legal dispute.
Another revelation is that the road to the Tesla/Panasonic battery partnership was far longer and rockier than previously reported. It was JB Straubel’s job to line up a battery supplier for the Roadster, and it was wearing him out. The big companies (then, as now, all based in Asia) wanted nothing to do with EVs—in their view, the potential sales volume was tiny, and the risk of bad press from battery fires was huge.
Panasonic exec Kurt Kelty, a Californian with deep roots in Japan, “was known for rejecting requests from startups like Tesla.” But somehow, Kelty caught the bug, quit Panasonic to work for Tesla, and became the company’s secret weapon in its struggle to secure a battery supply. The quest lasted many months, but Kelty finally prevailed, and the rest is history. It’s possible that, without Kelty’s connections, and deep understanding of Japanese business culture, Tesla might never have gotten off the ground.
In 2018, when Elon Musk floated, it wasn’t clear whether the “funding secured” that he had mentioned had ever existed, or if it represented a deal that fell apart. Higgins tells us that, a week before “the tweet heard round the internet,” Musk had met with representatives of Saudi Arabia’s sovereign investment fund, and that the Saudis, who were hoping for a Gigafactory to be built in their country, had made Musk a vague promise of support for a going-private deal.
In addition to Rawlinson and Kelty, several other key figures in Tesla’s history get their due here: Tim Blankenship, who almost single-handedly devised the company’s sales strategy; Rik Avalos, a recruiter who hired some of Tesla’s brightest stars; Gilbert Passin, who helped to broker the sweetheart deal under which Tesla bought its Fremont factory from Toyota, and played a major role in setting up Tesla’s manufacturing operations. It’s good to read more about the contributions of these folks, who have generally gotten short shrift in media coverage of Tesla, most of which tends to focus squarely on you-know-who.
Cyber Monday: Five Excellent Products For Tesla Owners
When it comes to shopping, it's the most wonderful time of the year. This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge.
Speaking of that volatile visionary, Mr. Musk doesn’t come off as a very likable guy in these pages. Former employees describe a my-way-or-the-highway attitude, complete with temper tantrums and summary firings. True, allegations by former employees (many of them less than gruntled) always need to be taken with a grain of lithium salt, but Musk’s erratic behavior has been reported by many over the years, and a variant thereof has often been on public display via his Twitter feed. Here’s what the man himself had to say about Higgins’s work: “Most, but not all, of what you read in this book is nonsense.”
I do have one serious criticism of this book (I’m one of those teachers who simply don’t give As). Higgins writes in an extremely casual, conversational style, and more scholarly readers may find his cavalier treatment of the English language to be a distraction. Some parts of the book read like an Elon Musk tweet. Grammatical errors, bizarre sentence constructions, inconsistent style and dubious word choices abound.
This is far from rare in published books, but I was surprised to see it in a work by such a venerable and decorated author as Higgins. To be fair, the ultimate responsibility for such shoddy workmanship rests with the publisher, not the writer. Perhaps the sales of this volume will allow Random House to engage the services of a skilled copy editor for the next edition.
Like many of the animadversions so often leveled against Tesla (and EVs in general), Higgins’s stylistic stumbles and secrecy about sources represent room for improvement, not a reason not to buy. I have to hoist my hat high to Higgins, and recommend this book to any follower of the Tesla story.
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Tesla produces in Grünheide first cars in Test run .
The US car manufacturer Tesla has already produced several electric cars in Grühide near Berlin. © patrick pleul / dpa central picture / dpa Elon Musk hopes that the first cars role from the tape this year. The scope of premature approvals for individual bankruptcies also includes the production of a limited number of test cars according to Tesla. They are intended for testing purposes in Grünheide or external facilities. The parts produced thereby should not be sold.