Valleywag is Gawker's column from Silicon Valley. Edited by Ryan Tate, it carries technology and internet gossip — the news too scurrilous and juicy for the industry's trade rags.
Solomon Grundy: Something about these pics makes me worried that RL's next expose will involve how often I arrive at Gawker directly from Cam4.com. I mean, um, how of... more »
Tesla Motors filed paperwork Friday with the Securities and Exchange Commission for a proposed initial public offering hoping to raise as much as $100 million. Oh, good, because they lost $31.5 million in the first nine months of 2009.
[Jalopnik]
Elon Musk and Hendrik Fisker are mortal enemies in the green car business. Yet the feds just split a billion dollars between the two companies. If that sounds like a bad idea, blame Al Gore.
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Tesla CEO Elon Musk likes to call himself "founder" of companies he didn't actually start. This weird fetish has never been fully safe and legal, until now: The real founder of Tesla Motors is dropping his lawsuit and granting permission.
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Elon Musk is becoming a welfare case. Federal auto-industry loans helped save his electric-car company, Tesla. Now Musk wants another federal bailout for his embarrassing space startup. And he may well get it.
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Huge infusions of money would seem to have helped Tesla Motors: the electric-car startup has escaped a bitter lawsuit from founder Martin Eberhard and finally sited a power-train factory — and that's just this week. But other fights loom.
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Elon Musk has a very loose definition of the word "founder." The Tesla CEO calls himself a PayPal founder; he isn't. He calls himself a Tesla founder; today a court begins hearings over whether he should stop saying that.
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Tesla CEO Elon Musk is speaking right now at Wired Live. What's he saying? For starters, he wants to buy a car factory from a Detroit automaker so he can produce 100,000 cars per year. More craziness below.
[Jalopnik]
Daimler's 10% stake in Tesla for "double digit millions" pegs Tesla's value at less than a billion dollars and probably closer to $100 million. That means Tesla's likely worth less than Twitter!
[Jalopnik]