Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL), eBay Inc (NASDAQ:EBAY)
Business super-brain Elon Musk has already become famous for his technological endeavors with SpaceX and Tesla Motors Inc (NASDAQ:TSLA). Now, the entrepreneur is attempting to bring the next big thing to transportation by releasing details on his proposed hyperloop, which could move passengers at record speeds between San Francisco and Los Angeles. “It would be great to have an alternative to flying or driving, but obviously only if it is actually better than flying or driving,” Musk wrote. He then noted that passengers could zoom around without having to worry about a sonic boom, as “the pod can go just below the speed of sound relative to the air.”
Is The Case Against Tesla Motors (TSLA) Growing? (SmallCapNetwork)
Electric-car maker Tesla Motors Inc (NASDAQ:TSLA) is up 337.8% since the start of the year – defying the shorts, all of the bears and myself included, but there is a growing case against the stock and it dropped a bit on Monday after a Barron’s article appeared over the weekend pointing to “bubble trouble.” The Barron’s article was more or less a continuation of a lengthy June cover story where the magazine admitted that while Elon Musk’s award-winning Model is admirable, they are skeptical that Tesla Motors Inc (NASDAQ:TSLA) can cut battery costs enough to deliver a cheaper “Gen 3” car with a 200-mile range by 2017. But if they fail to do so, Barron’s suggested that Tesla Motors Inc (NASDAQ:TSLA) stock might drop toward $50 and that nothing in its results results changes their view.
Trademark squatter an obstacle for Tesla Motors (ChinaDaily)
The planned expansion of Tesla Motors Inc (NASDAQ:TSLA) into the local market is being blocked by a Chinese person that currently holds its trademark, according to US media. The US manufacturer of luxury electric autos is encountering the same problem Apple Inc. (NASDAQ:AAPL) faced two years ago, when the tech giant was forced to pay Shenzhen Proview Technology $60 million to release control over the trademark for the iPad. Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has offered 2 million yuan ($326,600) to buy the trademark from Zhan Baosheng, but Zhan is asking for 100 times that price, according to US-based automobile industry website Autoblog.com.
Elon Musk’s 800 mph Hyperloop hyper-dream (CNBC)
12 Things Elon Musk Wants to Build (Bloomberg)
Elon Musk has executed some crazy ideas over the years. The South Africa-born entrepreneur co-founded PayPal in 1998 and sold the online-payments service to eBay Inc (NASDAQ:EBAY) four years later for $1.5 billion. He also helped start the electric-car company Tesla Motors Inc (NASDAQ:TSLA), which has a market value of about $18 billion, and the rocket maker Space Exploration Technologies. He runs both of those companies and is also the chairman of SolarCity, one of the biggest providers of solar power systems in the U.S.
