Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’

Bill Gates, billionaire and co-chair of the Bill and Melinda Gates Foundation, reacts during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019. Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates. After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to throw shade at the Microsoft co-founder. “My conversations with Gates have been underwhelming tbh [to be honest],”


Bill Gates, billionaire and co-chair of the Bill and Melinda Gates Foundation, reacts during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019.
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates.
After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to throw shade at the Microsoft co-founder.
“My conversations with Gates have been underwhelming tbh [to be honest],”
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: ryan browne
Keywords: news, cnbc, companies, wef, underwhelming, musk, called, brownlee, tesla, youtuber, porsche, bought, bill, cars, elon, gates, world, electric, billionaire


Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him 'underwhelming'

Bill Gates, billionaire and co-chair of the Bill and Melinda Gates Foundation, reacts during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019.

Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates.

After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to throw shade at the Microsoft co-founder.

“My conversations with Gates have been underwhelming tbh [to be honest],” Musk tweeted.

Gates revealed his purchase in an interview with popular YouTuber Marques Brownlee. Brownlee, mentioning Tesla, asked the billionaire about efforts to address climate change with clean energy products like electric cars.

The 64-year-old responded by saying that electric vehicles would still fall behind gasoline cars when it comes to range, but added passenger cars are “one of the most hopeful” factors in bringing down the cost of environmentally friendly alternatives.


Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: ryan browne
Keywords: news, cnbc, companies, wef, underwhelming, musk, called, brownlee, tesla, youtuber, porsche, bought, bill, cars, elon, gates, world, electric, billionaire


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Tesla prices its secondary offering at $767 a share, raising $2 billion

Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion, the company said on Friday. The company said on Friday it will sell 2.65 million shares at that price, which is a 4.6% discount to its Thursday close. Shares of Tesla initially fell after the pricing but quickly turned positive, building on Thursday’s nearly 5% gain on news of the offering. Musk said that Tesla was spending its money efficiently and suggested raising funds would artificially limit the


Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion, the company said on Friday.
The company said on Friday it will sell 2.65 million shares at that price, which is a 4.6% discount to its Thursday close.
Shares of Tesla initially fell after the pricing but quickly turned positive, building on Thursday’s nearly 5% gain on news of the offering.
Musk said that Tesla was spending its money efficiently and suggested raising funds would artificially limit the
Tesla prices its secondary offering at $767 a share, raising $2 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: michael sheetz john melloy, michael sheetz, john melloy
Keywords: news, cnbc, companies, share, tesla, raising, shares, offering, company, million, stock, 767, musk, raise, secondary, prices, billion


Tesla prices its secondary offering at $767 a share, raising $2 billion

Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020.

Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion, the company said on Friday. The move will likely largely be seen as a success since that is only a slight discount to its previous closing price.

The company said on Friday it will sell 2.65 million shares at that price, which is a 4.6% discount to its Thursday close. CEO Elon Musk will buy $10 million and Oracle billionaire Larry Ellison will purchase $1 million worth in the offering, the company said.

Shares of Tesla initially fell after the pricing but quickly turned positive, building on Thursday’s nearly 5% gain on news of the offering. The surprise move higher showed there is continued demand for the Musk-driven stock. The shares are up 92% this year alone through Thursday, raising questions about whether it is a bubble being driven by market factors.

Goldman Sachs and Morgan Stanley were the lead underwriters, who have the option to buy an additional 397,500 shares in the offering.

Tesla said it plans to use the proceeds “to further strengthen its balance sheet, as well as for general corporate purposes.” Analysts were not expecting the capital raise from Tesla, especially because Musk two weeks ago declared that Tesla did not plan or need to raise any more capital. Musk said that Tesla was spending its money efficiently and suggested raising funds would artificially limit the company’s progress.

“It doesn’t make sense to raise money because we expect to generate cash despite this growth level,” Musk said.

Evercore ISI analyst Chriss McNally gave Tesla “applause” for issuing new equity, he wrote in a note to investors on Friday. Evercore raised its target price to $550 a share from $250 a share, although the firm stuck by its underperform rating on Tesla.

“What’s changed? More than just fundamentals…Sentiment has and likely will continue to play an integral rolein TSLA’s valuation,” McNally said.


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: michael sheetz john melloy, michael sheetz, john melloy
Keywords: news, cnbc, companies, share, tesla, raising, shares, offering, company, million, stock, 767, musk, raise, secondary, prices, billion


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Charlie Munger on Elon Musk: ‘Never underestimate the man who overestimates himself’

And “I have a third comment,” the billionaire investor continued: “Never underestimate the man who overestimates himself. I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time.” At the Daily Journal’s 2019 shareholder meeting, Munger shared similar thoughts, but also said that he personally would not hire Musk. Buffett is worth $89 billion, the index shows, and Munger is worth $2 billion, according to Forbes. With Friday’s Tesla announcement, Musk pl


And “I have a third comment,” the billionaire investor continued: “Never underestimate the man who overestimates himself.
I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time.”
At the Daily Journal’s 2019 shareholder meeting, Munger shared similar thoughts, but also said that he personally would not hire Musk.
Buffett is worth $89 billion, the index shows, and Munger is worth $2 billion, according to Forbes.
With Friday’s Tesla announcement, Musk pl
Charlie Munger on Elon Musk: ‘Never underestimate the man who overestimates himself’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: taylor locke
Keywords: news, cnbc, companies, overestimates, buffett, munger, musk, elon, tesla, charlie, billion, stock, worth, man, shares, teslas, underestimate


Charlie Munger on Elon Musk: 'Never underestimate the man who overestimates himself'

Owning Tesla stock has been a bit of roller coaster ride of late: During the first week of February, for example, the stock had “one of its wildest weeks ever,” CNBC reported, with the share price “swinging hundreds of dollars in both directions.” On Thursday, when Tesla announced it will sell 2.65 million new shares of stock, the share price jumped nearly 5%. After it announced the new stock will sell at $767 a share on Friday, the stock fell 2% in premarket trading.

At the annual shareholders meeting for newspaper company Daily Journal on Wednesday, a shareholder asked Berkshire Hathaway vice chairman Munger what he thought about Musk, based on Tesla’s recent ups and downs.

“My thoughts are two,” Munger, who serves as the Journal’s chairman replied. “I would never buy [Tesla], and I would never sell it short,” he said, referring to a technique investors use to bet that a stock will decline.

And “I have a third comment,” the billionaire investor continued: “Never underestimate the man who overestimates himself. I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time.”

At the Daily Journal’s 2019 shareholder meeting, Munger shared similar thoughts, but also said that he personally would not hire Musk.

“I want the guy who understands his limitations instead of the guy who doesn’t,” Munger said at the time. “On the other hand, I’ve learned something terribly important in life…. These weird guys who overestimate themselves occasionally knock it right out of the park.

“I don’t want my personal life to be [around] a bunch of guys who are living in a state of delusion, who happen occasionally to win big. I want the prudent person,” Munger explained.

Musk and Tesla did not immediately respond to CNBC Make It’s request for comment.

Warren Buffett, Berkshire Hathaway chairman and Munger’s longtime business partner, has also given his opinion on Musk.

“He’s trying to do something to improve a product, and I salute him for that,” Buffett said on CNBC’s “Squawk Box” in May 2018. It’s “not easy” to do that, Buffett said. “The American public will decide whether [Tesla’s electric cars are] a success.”

Currently, Tesla’s market cap is over $140 billion, first hitting the $100 billion mark in January.

According to Musk’s compensation package, if Tesla stock hits $3,665, the company’s profit target hits $14 billion a year and other financial targets are met, Musk will get more than $55 billion. With the added value to Tesla and Musk’s personal payday, that would make his total net worth over $175 billion, CNBC reported. Jeff Bezos, the richest person in the world, currently has a net worth of $131 billion, according to Bloomberg’s Billionaires Index.

Right now, Musk is the 24th richest person in the world, according to the index, with a net worth of $41.1 billion. Buffett is worth $89 billion, the index shows, and Munger is worth $2 billion, according to Forbes.

With Friday’s Tesla announcement, Musk pledged to buy $10 million in shares Tesla’s secondary stock offering. Board member Larry Ellison will buy $1 million in shares, the electric car company said.

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Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: taylor locke
Keywords: news, cnbc, companies, overestimates, buffett, munger, musk, elon, tesla, charlie, billion, stock, worth, man, shares, teslas, underestimate


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Tesla aims to revitalize its solar energy and storage business this year after 2019 slump

Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 TeslaEven with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. Tesla said, in its annual financial report on Thursday, that it’s ramping up solar photovoltaic production at its plant in Buffalo, New York. “We have recently started manufacturing solar panels at this facility in


Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 TeslaEven with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year.
Tesla said, in its annual financial report on Thursday, that it’s ramping up solar photovoltaic production at its plant in Buffalo, New York.
“We have recently started manufacturing solar panels at this facility in
Tesla aims to revitalize its solar energy and storage business this year after 2019 slump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: lora kolodny
Keywords: news, cnbc, companies, york, tesla, storage, million, aims, started, plant, buffalo, revitalize, slump, 2019, solar, solarcity, energy, musk, business, teslas


Tesla aims to revitalize its solar energy and storage business this year after 2019 slump

Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla

Even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. The company is now under pressure to get the business going again. Tesla said, in its annual financial report on Thursday, that it’s ramping up solar photovoltaic production at its plant in Buffalo, New York. “We have recently started manufacturing solar panels at this facility in collaboration with Panasonic,” the filing states.

CEO Elon Musk needs to increase headcount at the Buffalo plant, dubbed Gigafactory 2. If Tesla fails to employ 1,460 people there in April, it will have to pay a $41.2 million penalty to the state of New York or get an exemption. The mayor of Buffalo said, citing company officials, that there are currently around 1,100 workers at the plant. Empire state taxpayers doled out $959 million to build Tesla’s factory, including equipment purchases, which is $209 million more than originally expected. In addition to his race against the clock in upstate New York, Musk is also in a battle with Tesla shareholders, who sued the automaker in 2017 over its $2.6 billion acquisition of SolarCity. They say the deal never should have happened and called it a bailout of Musk and his cousins, Lyndon and Peter Rive, who started SolarCity. Musk was co-founding chairman of SolarCity and its biggest shareholder at the time of the acquisition. He’s expected to stand trial in Delaware’s Chancery Court in March. Tesla told Reuters in September that the allegations were “based on the claims of plaintiff’s lawyers looking for a payday, and are not representative of our shareholders.”


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: lora kolodny
Keywords: news, cnbc, companies, york, tesla, storage, million, aims, started, plant, buffalo, revitalize, slump, 2019, solar, solarcity, energy, musk, business, teslas


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Why Elon Musk’s controversial $2 billion Tesla stock offering makes sense

Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. It will offer 2.65 million Tesla shares through underwriters Goldman Sachs and Morgan Stanley, with expected gross proceeds of $2.3 billion before discounts and expenses. Tesla will spend between $2.5 billion and $3.5 billion on capital projects such as factories in each of the three years beginning in 2020, Nelson said. Previously, the company had been expected to spend $2 billion to $2.5 billion this year


Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif.
It will offer 2.65 million Tesla shares through underwriters Goldman Sachs and Morgan Stanley, with expected gross proceeds of $2.3 billion before discounts and expenses.
Tesla will spend between $2.5 billion and $3.5 billion on capital projects such as factories in each of the three years beginning in 2020, Nelson said.
Previously, the company had been expected to spend $2 billion to $2.5 billion this year
Why Elon Musk’s controversial $2 billion Tesla stock offering makes sense Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: tim mullaney
Keywords: news, cnbc, companies, stock, shares, tesla, controversial, musks, expected, spending, company, makes, musk, elon, plans, offering, capital, billion, sense


Why Elon Musk's controversial $2 billion Tesla stock offering makes sense

Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass.

Tesla shares briefly sold off this morning with the announcement that the company plans to raise $2 billion by selling new shares of stock — diluting the shares of people who already own Tesla — but analysts are saying the money will let Tesla expand faster and secure its sources of batteries as it pushes into giant markets for small sport-utility vehicles and pickup trucks.

The company said it plans to use the proceeds “to further strengthen its balance sheet and for general corporate purposes.” It will offer 2.65 million Tesla shares through underwriters Goldman Sachs and Morgan Stanley, with expected gross proceeds of $2.3 billion before discounts and expenses.

The move marks a sharp change in finance strategy from what Tesla was saying on its fourth-quarter earnings call two weeks ago, when CEO Elon Musk said the company had no plans to raise money in the stock or bond markets and could finance its expansion through retained earnings and the $6.5 billion in cash on its balance sheet. Musk and board member Larry Ellison plan to invest as much as $10 million and $1 million, respectively, in the deal.

At the same time, Tesla disclosed in a SEC regulatory filing that it is accelerating its capital spending, exploiting a hot market for its shares to move faster. Analysts think the move could mean the company builds a battery plant in Texas, as Musk hinted at on Twitter last week. And it may mean the company moves faster than expected to build its forthcoming car plant in Germany.

“We think it’s a good idea,” said CFRA Research analyst Garrett Nelson, who rates Tesla a “sell” because of the sharp run-up in its stock over the past year. “One of the risks we had was the factory in Germany. And with them now talking about a factory in Texas, it makes a lot of sense.”

Tesla will spend between $2.5 billion and $3.5 billion on capital projects such as factories in each of the three years beginning in 2020, Nelson said. Previously, the company had been expected to spend $2 billion to $2.5 billion this year and next year, he said. The company slowed capital spending to $1.3 billion in 2019 after the introduction of its Model 3 sedan.

That is likely to delay the expected ramp-up in Tesla’s free cash flow, which has been one cause of the surge in Tesla’s shares to as much as $969.79 last month, after trading as low as $177 last spring. Shares fell as much as 6% in pre-market trading but reversed their losses later on Thursday morning.

Tesla will generate about $1 billion in free cash flow this year, Nelson said, about the same as it did in the fourth quarter alone of 2019, when capital spending was much lighter. Previously, he had expected about $1.5 billion.


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: tim mullaney
Keywords: news, cnbc, companies, stock, shares, tesla, controversial, musks, expected, spending, company, makes, musk, elon, plans, offering, capital, billion, sense


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Tesla acknowledges ‘health epidemics’ as new risk in financial filing amid coronavirus outbreak

On Thursday, Tesla acknowledged that the COVID-19, or coronavirus outbreak in and beyond China may have a material adverse impact on their business in an annual financial filing. In the Risk Factors section of the 2019 10-K filing, they included — for the first time ever — a mention of “health epidemics.” Board member Larry Ellison will buy up to $1 million worth of those shares, and CEO Elon Musk will purchase up to $10 million worth. Tesla shares popped earlier this week when the company re-


On Thursday, Tesla acknowledged that the COVID-19, or coronavirus outbreak in and beyond China may have a material adverse impact on their business in an annual financial filing.
In the Risk Factors section of the 2019 10-K filing, they included — for the first time ever — a mention of “health epidemics.”
Board member Larry Ellison will buy up to $1 million worth of those shares, and CEO Elon Musk will purchase up to $10 million worth.
Tesla shares popped earlier this week when the company re-
Tesla acknowledges ‘health epidemics’ as new risk in financial filing amid coronavirus outbreak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: lora kolodny
Keywords: news, cnbc, companies, financial, filing, musk, shares, tesla, shanghai, acknowledges, week, risk, supply, impact, outbreak, epidemics, elon, coronavirus, amid, plans, china, health


Tesla acknowledges 'health epidemics' as new risk in financial filing amid coronavirus outbreak

Elon Musk, chief executive officer of Tesla Inc., left, gestures while shaking hands with Ying Yong, mayor of Shanghai, during the Tesla China-Made Model 3 Delivery Ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020.

On Thursday, Tesla acknowledged that the COVID-19, or coronavirus outbreak in and beyond China may have a material adverse impact on their business in an annual financial filing.

In the Risk Factors section of the 2019 10-K filing, they included — for the first time ever — a mention of “health epidemics.”

The filing also stated:

“Beginning in late 2019, the media has reported a public health epidemic originating in China, prompting precautionary government-imposed closures of certain travel and business. Gigafactory Shanghai was closed for a brief time as a result, before it reopened in February 2020 and rejoined our U.S. factories, which had continued to operate. It is unknown whether and how global supply chains, particularly for automotive parts, may be affected if such an epidemic persists for an extended period of time. We may incur expenses or delays relating to such events outside of our control, which could have a material adverse impact on our business, operating results and financial condition.”

Addressing shareholders’ coronavirus concerns in an earnings call on January 30, 2019 Tesla CFO Zach Kirkhorn downplayed the likely impact of the health epidemic:

“At this point, we’re expecting a one to one-and-a-half week delay in the ramp of Shanghai built Model 3 due to a government required factory shutdown. This may slightly impact profitability for the quarter, but is limited as the profit contribution from Model 3 Shanghai remains in the early stages. We are also closely monitoring whether there will be interruptions in the supply chain for cars built in Fremont. So far we’re not aware of anything material.”

He added that Tesla would monitor the evolving situation, and assured investors the electric vehicle maker already had sufficient cash to continue its expansion plans, while further strengthening its balance sheet.

Tesla CEO Elon Musk said on the same call that, even though shares were soaring higher by the week, he had no plans to raise capital, and Tesla would focus on lowering the cost of its battery production instead. “We are still generating positive cash. In light of that, it doesn’t make sense to raise money because we expect to generate cash despite this growth level,” he said.

Two more weeks of coronavirus fears apparently helped to change Tesla’s mind — on Thursday, Tesla announced it plans to offer $2 billion of common stock. Board member Larry Ellison will buy up to $1 million worth of those shares, and CEO Elon Musk will purchase up to $10 million worth.

So far, COVID-19 has taken at least 1,369 lives and infected more than 60,300 people. China is grappling to keep its population as healthy as possible, but lacks a large enough supply of test kits, reagents and other resources that could help it identify and assist or quarantine all people with the virus.

Tesla shares popped earlier this week when the company re-opened its Shanghai-based car plant, with the assistance of Shanghai’s municipal government. It is not clear when Tesla’s factory, and other automakers in China, will be back up to full capacity, or at least back to the capacity they had achieved before the mandated factory shutdowns, which started late last month.

Tesla has also temporarily closed its stores throughout China.

— Dawn Kopecki and Mike Wayland contributed to this report.

Correction: Elon Musk will buy up to $10 million of Tesla stock from the new offering announced Thursday.


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: lora kolodny
Keywords: news, cnbc, companies, financial, filing, musk, shares, tesla, shanghai, acknowledges, week, risk, supply, impact, outbreak, epidemics, elon, coronavirus, amid, plans, china, health


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Tesla shares jump after a $2 billion stock offering—Here’s what could happen now

Tesla shares jumped on Thursday after the company announced a $2 billion stock offering. … Ralph Lauren told you 10 days ago that things look pretty good. Steve Weiss, managing partner at Short Hills Capital Partners, said Tesla could have been even more generous with their stock offering. I think the only mistake in doing $2 billion is that they should have done $4 billion to $5 billion. This is no different than a biotech stock that reports phase three results — stock goes way high and they


Tesla shares jumped on Thursday after the company announced a $2 billion stock offering.
… Ralph Lauren told you 10 days ago that things look pretty good.
Steve Weiss, managing partner at Short Hills Capital Partners, said Tesla could have been even more generous with their stock offering.
I think the only mistake in doing $2 billion is that they should have done $4 billion to $5 billion.
This is no different than a biotech stock that reports phase three results — stock goes way high and they
Tesla shares jump after a $2 billion stock offering—Here’s what could happen now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: ivana freitas
Keywords: news, cnbc, companies, today, offeringheres, shares, musk, tesla, jump, happen, billion, things, look, stock, thats, going, think


Tesla shares jump after a $2 billion stock offering—Here's what could happen now

Tesla shares jumped on Thursday after the company announced a $2 billion stock offering.

Here’s what five experts are watching now.

Aswath Damodaran, professor at NYU Stern School of Business, explains why Tesla scares investors and is the “bread and butter” for traders.

I describe Tesla as my corporate teenager. Every day I wake up and it’s got lots of potential and then it says, “What can I do today to screw it all up?” That’s not going to change today, it’s not going to change next week. … This company has immense potential, but there’ll be things that show up and say, “What the heck are they doing?” … When you have a story stock and the mood is right it doesn’t really matter what the fundamentals are, people are going to push up the price. That’s scary if you’re an investor, but if you’re a trader this is your bread and butter.

Dan Ives, managing director at Wedbush Securities, praises Tesla for its strategic move and how this changes the story.

I think when you look at the situation for Tesla … it’s a smart strategic move … This from a board perspective is something, and even for the bulls, I think the Tesla story potentially changes with this, in terms of now what’s happened with the balance sheet. I think it’s going to be hard for bears to make their case.

Jim Cramer, host of CNBC’s “Mad Money,” said Elon Musk hasn’t done anything wrong and in reality has done what you want.

Ten days ago, we weren’t as worried about China. … Ralph Lauren told you 10 days ago that things look pretty good. They put out some numbers today which says that things look pretty bad. So, there’s real changes. I think that Musk obviously, like everybody else, is trying to keep his workers healthy but wants to expand there, and he’s got a chance. And why not take advantage of it? I think there are some people who don’t understand that there is no law against a stock appreciating 100 points and you now selling where you wouldn’t have down below 100. He didn’t do anything wrong. If anything he did what you want.

Kari Firestone, chairman and CEO of Aureus Asset Management, said the illogical growth of Tesla makes it difficult to price.

It’s a cult. It doesn’t relate to logic and earnings per share. It’s a cult, so people believe in Elon Musk. They think that he is unstoppable, he’s invincible. He’s created a great franchise. People love the car, and that’s what it’s about. So, it’s really hard to price.

Steve Weiss, managing partner at Short Hills Capital Partners, said Tesla could have been even more generous with their stock offering.

I think the only mistake in doing $2 billion is that they should have done $4 billion to $5 billion. … This is no different than a biotech stock that reports phase three results — stock goes way high and they immediately come with an offering. So, funding and the balance sheet being one of the concerns here, they could have gotten to $5 billion for it. … But look, to me the same story applies whether it’s up $500 from me here or down $500. So, that’s why I’m not here, but I wouldn’t short it.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: ivana freitas
Keywords: news, cnbc, companies, today, offeringheres, shares, musk, tesla, jump, happen, billion, things, look, stock, thats, going, think


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Maye Musk was a dietitian for 45 years—why she doesn’t believe in fad diets like keto or intermittent fasting

Intermittent fasting, an eating pattern that entails alternating between periods of fasting and eating, has become mega-popular among high-profile figures from Dorsey, who says it makes him more productive, to actress Jennifer Aniston. As for the ketogenic diet, it is a high-fat, extremely low carbohydrate diet that was originally intended to treat epilepsy. Some mice studies suggest that a low-carb diet could improve brain function, and many people use the “keto” diet to lose weight. Musk’s own


Intermittent fasting, an eating pattern that entails alternating between periods of fasting and eating, has become mega-popular among high-profile figures from Dorsey, who says it makes him more productive, to actress Jennifer Aniston.
As for the ketogenic diet, it is a high-fat, extremely low carbohydrate diet that was originally intended to treat epilepsy.
Some mice studies suggest that a low-carb diet could improve brain function, and many people use the “keto” diet to lose weight.
Musk’s own
Maye Musk was a dietitian for 45 years—why she doesn’t believe in fad diets like keto or intermittent fasting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: cory stieg
Keywords: news, cnbc, companies, musk, maye, fad, doesnt, diets, dietitian, diet, eating, weight, wheat, improve, foods, keto, vegetables, yearswhy, intermittent, fasting


Maye Musk was a dietitian for 45 years—why she doesn't believe in fad diets like keto or intermittent fasting

Though some of her son Elon’s Silicon Valley contemporaries, like Twitter and Square CEO Jack Dorsey , are fans of internet-famous diets like intermittent fasting , gluten-free diets and the ketogenic diet, Maye Musk is not sold: “I never did the fad diets, I have to stick to science,” Musk tells CNBC Make It .

While many people recognize Maye Musk as the oldest model to become the face of CoverGirl or as the mother of Tesla co-founder and CEO Elon Musk , she also had a successful career as a registered dietitian for 45 years and still keeps up her credentials.

Intermittent fasting, an eating pattern that entails alternating between periods of fasting and eating, has become mega-popular among high-profile figures from Dorsey, who says it makes him more productive, to actress Jennifer Aniston. But while studies on mice suggest that intermittent fasting could help with weight loss, help slow the effects of aging, improve cognition and possibly protect the brain against neurodegenerative diseases, overall, experts agree that there needs to be more research done on humans to determine whether it’s safe and maintainable.

As for the ketogenic diet, it is a high-fat, extremely low carbohydrate diet that was originally intended to treat epilepsy. The point of this diet is to put your body into a state of “ketosis,” which means that you’re burning fat instead of carbs for energy. Some mice studies suggest that a low-carb diet could improve brain function, and many people use the “keto” diet to lose weight. However given how restrictive it is, it can be challenging to follow and could lead to nutritional deficiencies.

You have to think “…is it sustainable? Is it foods you like? And are you fun to be around?” Musk says of restrictive diets.

Gluten-free diets have been popular but are really only a medical necessity for people with Celiac disease.

“I’ve had to teach myself in social situations not to talk about anything relating to diet because everybody has their own theory,” Musk says.

But there are a few healthy diets Musk approves of, including the Mediterranean diet, which emphasizes vegetables, whole grains, legumes and olive oil; the DASH diet, a low sodium diet aimed at lowering blood pressure; and the flexitarian diet, a mostly plant-based diet.

Musk’s own diet is closest to the flexitarian diet: Musk says she typically has high-fiber cereal and 1% milk for breakfast. Then she’ll have a snack of yogurt and fruit, and a salad and whole wheat bread, or sushi for lunch. Her afternoon snack is a latte and fruit, and for dinner, she likes to “keep my evenings very light” with a bean soup, or cooked vegetables with protein and a starch like potatoes, rice or whole wheat bread.

“Healthy eating is easy with a knowledge, but avoiding poor eating is hard,” Musk says. She loves sweet foods, such as chocolates and cookies, but says that she doesn’t like to keep them in her home “because I will finish them off.”

The best thing people can do to improve their diet is pretty simple, Musk says. “You have to really use common sense and enjoy the foods you eat, and you have to be aware,” she says.

—Reporting by Cat Clifford and Jessica Leibowitz

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Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: cory stieg
Keywords: news, cnbc, companies, musk, maye, fad, doesnt, diets, dietitian, diet, eating, weight, wheat, improve, foods, keto, vegetables, yearswhy, intermittent, fasting


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Here’s what 71 year-old CoverGirl model Maye Musk eats in a day

This is what 71-year-old model Maye Musk, mother of Elon, eats in a dayMaye Musk became the face of CoverGirl at age 69. She is also a registered dietitian and mother of Elon, Kimbal and Tosca. Hear what she eats on a normal day to stay lean and her thoughts on dieting.


This is what 71-year-old model Maye Musk, mother of Elon, eats in a dayMaye Musk became the face of CoverGirl at age 69.
She is also a registered dietitian and mother of Elon, Kimbal and Tosca.
Hear what she eats on a normal day to stay lean and her thoughts on dieting.
Here’s what 71 year-old CoverGirl model Maye Musk eats in a day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11
Keywords: news, cnbc, companies, musk, maye, yearold, mother, model, tosca, thoughts, stay, eats, registered, covergirl, normal, heres, day, elon


Here's what 71 year-old CoverGirl model Maye Musk eats in a day

This is what 71-year-old model Maye Musk, mother of Elon, eats in a day

Maye Musk became the face of CoverGirl at age 69. She is also a registered dietitian and mother of Elon, Kimbal and Tosca. Hear what she eats on a normal day to stay lean and her thoughts on dieting.


Company: cnbc, Activity: cnbc, Date: 2020-02-11
Keywords: news, cnbc, companies, musk, maye, yearold, mother, model, tosca, thoughts, stay, eats, registered, covergirl, normal, heres, day, elon


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Elon Musk: Delete Facebook, ‘it’s lame’

Although Elon Musk is especially active on Twitter, he is seemingly less fond of Facebook. In March 2018, Musk deleted both the Tesla and SpaceX Facebook pages, saying that he “didn’t realize” there were pages on the platform for his companies. “Looks lame anyway,” Musk tweeted at the time. “It’s not a political statement and I didn’t do this because someone dared me to do it,” Musk tweeted after deleting his companies’ Facebook pages. Apple co-founder Steve Wozniak deleted his Facebook account


Although Elon Musk is especially active on Twitter, he is seemingly less fond of Facebook.
In March 2018, Musk deleted both the Tesla and SpaceX Facebook pages, saying that he “didn’t realize” there were pages on the platform for his companies.
“Looks lame anyway,” Musk tweeted at the time.
“It’s not a political statement and I didn’t do this because someone dared me to do it,” Musk tweeted after deleting his companies’ Facebook pages.
Apple co-founder Steve Wozniak deleted his Facebook account
Elon Musk: Delete Facebook, ‘it’s lame’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: taylor locke
Keywords: news, cnbc, companies, dont, lame, delete, twitter, 2018, tesla, wozniak, elon, tweeted, facebook, musk, pages, deleted


Elon Musk: Delete Facebook, 'it's lame'

Although Elon Musk is especially active on Twitter, he is seemingly less fond of Facebook.

The Tesla and SpaceX CEO called Facebook “lame” on Twitter on Saturday, adding “#DeleteFacebook” in response to an anti-Facebook tweet by Hollywood actor, writer, director and producer Sacha Baron Cohen.

In March 2018, Musk deleted both the Tesla and SpaceX Facebook pages, saying that he “didn’t realize” there were pages on the platform for his companies.

“Looks lame anyway,” Musk tweeted at the time.

“I don’t use FB and never have,” Musk tweeted in March 2018. “So don’t think I’m some kind of martyr or my companies are taking a huge blow.”

“It’s not a political statement and I didn’t do this because someone dared me to do it,” Musk tweeted after deleting his companies’ Facebook pages. “Just don’t like Facebook. Gives me the willies. Sorry.”

In August 2018, Musk also deleted his Instagram account. Instagram is owned by Facebook.

Apple co-founder Steve Wozniak deleted his Facebook account in April 2018, and recommended others get off the platform too in July.

“There are many different kinds of people, and [for] some, the benefits of Facebook are worth the loss of privacy,” Wozniak told TMZ. “But to many like myself, my recommendation is — to most people — is you should figure out a way to get off Facebook.”

Facebook did not immediately respond to CNBC Make It’s request for comment.

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Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: taylor locke
Keywords: news, cnbc, companies, dont, lame, delete, twitter, 2018, tesla, wozniak, elon, tweeted, facebook, musk, pages, deleted


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