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Tesla Recalls 11,000 Model X SUVs Because “Rear Seat May Not Lock Into Place”

While Tesla may or may not be partially assembling its Model 3 by hand, resulting in massive production delays, a problem has emerged involving its fully automated SUV, the Model X, and as the AP reports, Tesla is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place. According to […]


Matt Damon And Russell Crowe Fingered For Pressuring Journalist To Kill Weinstein Sex Story

Content originally published at iBankCoin.com Actor Matt Damon took heat over Twitter Monday evening following viral claims that he and Russell Crowe pressured a New York Times journalist into dropping a negative story on Harvey Weinstein in 2004. On Sunday, journalist and founder of The Wrap, Sharon Waxman, penned an op-ed detailing how Damon and Crowe called her “directly” to pressure her into dropping a […]


Google Is Using Hot Air Balloons To Restore Cell Service In Puerto Rico

While Elon Musk is pretending that he can rebuild Puerto Rico’s power grid with solar-powered batteries, Google wants to deliver cell phone service using balloons. Alphabet Inc., Google’s corporate parent, received permission on Friday from the FCC to begin providing emergency cellular service to hurricane-ravaged Puerto Rico using balloons. The effort appears to be a […]


Visualizing The Many Failures Of Elon Musk

Elon Musk is having a rough week. After confessing to investors and Tesla’s customers that the company had only managed to build 260 of the 1,500 Model 3 Sedans that it had promised to deliver by the end of the third quarter, the Wall Street Journal revealed that the Tesla had not yet finished building […]


Tesla’s Dirty Secret: It Was Banging Out Parts Of The Model 3 By Hand

As it turns out, Elon Musk’s warning earlier this year that the Tesla Model 3 roll out would be “production hell” was an understatement. In a damning – if unsurprising – report, the Wall Street Journal revealed Friday that Tesla managed to produce only a tiny fraction of the 1,500 Model 3 sedans that it […]


Musk Is Sending A “Powerwall Team” To Puerto Rico To Restore Electricity

Update: Tesla's Musk confirms he is sending an "experience powerwall team" to Puerto Rico to investigate reports of price gouging and oversee installations of Tesla's "Powerwall" home battery – a product that was initially develoepd by Solar City. Tesla always charges the same price for a Powerwall (only taxes & shipping costs vary), so something […]


“He’s Full Of Crap”: GM Exec Slams Musk As Car War Breaks Out

Elon Musk says the upcoming Tesla Model 3 has the hardware to enable full-self driving capability. But GM’s self-driving car czar thinks he’s full of crap. GM's director of autonomous vehicle integration Scott Miller told a group of Australian journalists in Detroit on Thursday that Musk was “full of crap”, explaining that a “level 5” […]


Somali Terrorist Charged In Canada Attack Was Previously Deported From The U.S.

Over the past year, amid Donald Trump’s crackdown on refugees and illegal immigrants, Canada has emerged as a willing safe harbor for those whose welcomes (and visas) in the US had expired. This past January, in response to Trump’s executive order on immigration, Canada’s Prime Minister Justin Trudeau tweeted “To those fleeing persecution, terror & […]


“Freedom Insurance” Has Never Been More Crucial – How To Get A Second Passport

Authored by Nick Giambruno via InternationalMan.com, The biggest threat to your personal freedom and financial security is the government, hands down. Today, skyrocketing government debt is only making that threat worse. In the US, the bill amounts to more than $167,509 per taxpayer. At some point soon—in a desperate attempt to squeeze citizens for every […]


Tesla Slumps As Model 3 Disappoints Despite “All-Time Best Quarter” For Model S, X Deliveries

Three months after Tesla disappointed shareholders by missing “bigly” on Q2 deliveries, Elon Musk has learned from his mistake, and reported Tesla’s “all time best quarter” for Model S and X deliveries in Q3, with a total of 26,150 vehicles, more than the 25,000 expected, of which 14,065 were Model S and 11,865 were Model […]


Tesla Bribes: Would $65,000 Be Enough To Sway Your Review A New Car? Ask These Guys…

Conflicts of interest exist in almost every business model…just ask the former AIG execs who bought trillions of dollars worth of mortgage CDO risk that they were told was worthy of a AAA rating. But when you read a car review to help figure out which set of wheels you’re going to buy next, you […]


The US Military’s “Weapon Of The Future” Looks A Lot Like Skynet

Maybe Elon Musk had a point… The US’s military leaders have agreed on a strategy to guarantee the US military retains its global dominance during the twenty-first century: Connect everything with everything, as DefenseOne describes it. The result? An unimaginably large cephapoloidal nervous system armed with the world’s most advanced weaponry, and in control of […]


The US Military Is Quietly Building SkyNet

Maybe Elon Musk had a point… The US’s military leaders have agreed on a strategy to guarantee the US military retains its global dominance during the twenty-first century: Connect everything with everything, as DefenseOne describes it. The result? An unimaginably large cephapoloidal nervous system armed with the world’s most advanced weaponry, and in control of […]


How California Enabled Tesla By Forcing Competitors To Subsidize A Losing Business Model

It is no great surprise that Tesla hemorrhages cash.  As we pointed out last month when they reported Q2 earnings, making products that actually generate a return on capital for shareholders isn’t a strong suit of the Silicon Valley powerhouse.  In fact, Elon Musk managed to burn through a record $1.2 billion of cash in […]


Porsche And Mercedes Plot Musk Offensive With “Anything Tesla Can Do, We Can Do Better” Strategy

Tesla you have a problem, well several actually. But, before we get into all the competition that is about to flood your market, lets take a look at some basic math surrounding your valuation.  Ford currently generates roughly $1,800 of EBITDA per vehicle and trades at a total enterprise value of $35 billion, roughly 3x […]