Sunday, 16 June, 2019

Tesla to drop cheapest 75 kWh version of Model S, X

The billionaire 74 indirectly owns 3 million Tesla shares The billionaire 74 indirectly owns 3 million Tesla shares
Jean Garcia | 11 January, 2019, 19:30

Larry Ellison holds a more than $1bn stake in Tesla, an regulatory filing has confirmed less than a fortnight after the billionaire Oracle founder was appointed to the board of the electric auto maker.

His stake was confirmed in a filing Tuesday with the U.S. Securities and Exchange Commission. CEO Elon Musk still holds that title with 33.7 million shares - the most of any individual or institutional investor.

In a video shared on January 10 by The Global Times, the Tesla CEO can be seen dining at the highly-regarded hot pot spot, Qimen Shuanrou, according to Shanghaiist.

Larry made his investment through the Lawrence J Ellison Revocable Trust. Tesla announced Ellison's appointment to the board on December 28.

Military Going Ahead With Syria Withdrawal Plans
Turkey views the Kurdish YPG militia, which forms the core of the SDF force, as a national security threat. Top U.S. officials were shocked too, among them Defense Secretary Jim Mattis, who quit in protest.

The Q4 2018 number was 8 percent higher than in the previous quarter, with the Model 3 booking the largest increase in deliveries, from 55,840 in the third quarter, to 63,150 in the final quarter of past year.

The SEC moved to punish Tesla and Musk because it alleged he committed fraud by tweeting that he had the "funding secured" to take the company private at $420 a share. After his infamous August 7 tweet that he'd lined up funds for a Tesla buyout, Musk was fined $20 million, told to rein in his own social media and ordered to step down as chairman of the carmaker he founded.

At time of publication Tuesday morning, Tesla traded up 2.7 percent at $344 per share.

Ellison features as the world's tenth-richest person with a net worth of $58.5 billion on Forbes Billionaires 2018 List. He went off-script during an Oracle meeting with analysts in October to announce that he had been building a personal stake in Tesla and that it was his second-largest holding. The board member has been a close friend and ardent defender of Musk and Tesla in the wake of criticism. Tesla declined to comment on the offer.

Recommended

  • Oscars to go without a host in 2019 following Kevin Hart controversy

    Oscars to go without a host in 2019 following Kevin Hart controversy

    It's been nearly 30 years since that Oscars ceremony, and it's still considered the biggest disaster in the award show's history. The Academy nearly reconsidered Hart after he agreed to sit down with talk show host Ellen Degeneres in early January.
    Poland arrests Huawei employee over spying allegations

    Poland arrests Huawei employee over spying allegations

    Some experts also see a risk that Chinese intelligence may develop an ability to subvert Huawei's equipment. However, the person is said to be a former high-ranking official at Poland's internal security agency.
    Hotstar pulls down Hardik Pandya and KL Rahul's Koffee With Karan episode

    Hotstar pulls down Hardik Pandya and KL Rahul's Koffee With Karan episode

    Hardik is presently in Australia along with the Indian cricket team where they have won a historic Test series against Australia. There were reports stating that the two players may receive show cause notices for their recent statements on the show.
  • Helicopter Performs Daring Maneuver to Rescue Stranded Skier in French Alps

    With the helicopter's rotor blades just inches away from smashing into the snow, the skier was winched away to a nearby hospital. A rope is dropped down from the helicopter to bring two rescue workers, who had been tending to Bruno's leg, back up.
    Chargers DL Brandon Mebane addresses infant daughter's death

    Chargers DL Brandon Mebane addresses infant daughter's death

    The Chargers and Mebane didn't need any more motivation going into their matchup with the Patriots, but playing with this emotional pain will undoubtedly push Mebane and the Chargers to win in her memory.
    Fiat Chrysler to pay around $650M in emissions cheating case

    Fiat Chrysler to pay around $650M in emissions cheating case

    The supplier "enabled" the cheating and should have known its customers would use the software improperly, the office added. If Fiat Chrysler doesn't get at least 85% of the vehicles brought in for repairs, it will face additional fines.
  • 'The Accidental Prime Minister': Bihar Court Orders FIR Against Actors, Director

    'The Accidental Prime Minister': Bihar Court Orders FIR Against Actors, Director

    The court had admitted the case and fixed 8 January to hear the case in the Sub Divisional Judicial Magistrate court. According to ANI , the court has now directed that an FIR be filed.
    Nurse causes 'catastrophic injury to baby during delivery'

    Nurse causes 'catastrophic injury to baby during delivery'

    Gynecologist Ravindra Sankhla said he was told the baby was delivered and just the placenta remained in the womb. The nurses, at a government health centre in Ramgarh , then asked the woman's family to take her to a hospital.
    Copa del Rey Report: Levante v FC Barcelona 10 January 2019

    Copa del Rey Report: Levante v FC Barcelona 10 January 2019

    But a late penalty from Philippe Coutinho gave Barcelona a foothold in the tie ahead of the second leg at the Nou Camp next week. Defender Murillo was making his debut for Barca after joining on loan from La Liga rivals Valencia last month.
  • Astronomers Detect Mysterious Radio Signals From Deep Space

    Astronomers Detect Mysterious Radio Signals From Deep Space

    FRBs are short, bright flashes of radio waves, which appear to be coming from nearly halfway across the universe. The scattering details suggest there is something unique about structural characteristics of FRB sources.
    New software can track shared Netflix accounts

    New software can track shared Netflix accounts

    They are well written, with good characters and most importantly, they are fast, unlike the usual soaps on television. For example, Netflix has a subscription tier that allows one account to be streamed on four different devices at once.
    Eye-Popping LG 'OLED Falls' Display Gives Illusion of 'Infinity'

    Eye-Popping LG 'OLED Falls' Display Gives Illusion of 'Infinity'

    Full View delivers a large-screen viewing experience revealing the full extent of the contrast, depth and realism. The video below shows the new TV in all its beauty, but there's one thing we don't know for now.

'Inappropriate': Indian captain Virat Kohli distances himself from offensive comments 'Inappropriate': Indian captain Virat Kohli distances himself from offensive comments On his official Twitter page, Pandya said he got "carried away" on the show and did not mean any "disrespect" with his comments. The CoA has taken on board the recommendation of the BCCI's legal team that Pandya and Rahul be suspended pending an inquiry.

Poles signal caution over alliance with Italy's Salvini Poles signal caution over alliance with Italy's Salvini In a statement on Thursday, the Maltese government said it was "disdained and surprised" at Salvini's "inaccurate allegations". For the most comprehensive local coverage, subscribe today.

Maurizio Sarri Confirms He Wants Two New Players At Chelsea This January Maurizio Sarri Confirms He Wants Two New Players At Chelsea This January Meanwhile, Chelsea FC are now preparing for their home clash against Newcastle United in the Premier League on Saturday night. Asked where he felt Chelsea needed reinforcements, Sarri said: "As you can understand, I cannot tell you where".

Gavin Newsom Begins Tackling California's Wildfire Problem His Second Day In Office Gavin Newsom Begins Tackling California's Wildfire Problem His Second Day In Office Newsom will announce his actions Tuesday at a state emergency operations centre in a Sierra Nevada foothills community at high risk for fire.

Tomic produces astonishing trick serve to beat Kyrgios on match point Tomic produces astonishing trick serve to beat Kyrgios on match point In fact, the first shot was completely legal and caught Kyrgios flat-footed as the equally-stunned umpire called game, set and match to Tomic.

Google Assistant comes to Maps for Android, iOS Google Assistant comes to Maps for Android, iOS For example, you can say "Hey Google, take me home", to open Google Maps and get directions for your commute. For security reasons, it's available through opt-in, meaning you've got to tick the box in settings.

Incoming snow prompts Winter Storm Watch in central in this weekend Incoming snow prompts Winter Storm Watch in  central in  this weekend A Winter Weather Advisory has been issued for southeastern Iowa late Friday night through Saturday evening. Highs on Saturday will reach the mid 30s, but afternoon wind chills will be in the mid to upper 20s.

Amazon Launches Free Streaming Service ‘IMDb Freedive’ Amazon Launches Free Streaming Service ‘IMDb Freedive’ It'll rival Roku's ad-supported service in the U.S. , and give Amazon a chance to bring in more revenue through advertising. Amazon , which acquired IMDb in 1998, claims the site has more than 250 million unique monthly users worldwide.

India vs Australia: Virat Kohli Talks About Life After Retirement India vs Australia: Virat Kohli Talks About Life After Retirement Earlier, the legal team had asked for the immediate appointment of an Ombudsman since the board doesn't have one at present. Should India go in with 3 spinners? "Definitely not going to dampen anything that we've achieved", he said .

Trump cancels Davos trip over partial govt. shutdown Trump cancels Davos trip over partial govt. shutdown President Donald Trump addresses the Project Safe Neighborhoods National Conference on December 7, 2018 in Kansas City, Missouri. Trump blamed opposition Democrats' "intransigence" over his demand for $5.7 billion to extend a border wall with Mexico.

R Kelly visited by police at birthday party R Kelly visited by police at birthday party Surviving R Kelly has been given a United Kingdom release date of next month by Lifetime sister channel Crime & Investigation. In 1995, when he was 27, he briefly married the late singer Aaliyah, who was 15 at the time (in Surviving R.

Petta box office collection Day 1: Rajinikanth-starrer receives a massive opening Petta box office collection Day 1: Rajinikanth-starrer receives a massive opening The movie will grab 10-15 crores on its first day because stardom of Rajnikanth is always on its peak and have a huge fan following.

Bollywood stars call on Modi Bollywood stars call on Modi Johar uploaded a selfie with Modi and the rest of the group on Instagram and described the meeting as "an incredible opportunity". As Alia and Ranbir were making their way to the vehicle , excited fans surrounded them making it hard for them to pass through.

Milwaukee bus driver praised for rescuing infant from freeway overpass Milwaukee bus driver praised for rescuing infant from freeway overpass Ivic quickly ran across the busy street, stopping traffic in the process, to grab the cold and crying child. The baby's mother had left it alone outside after suffering a reported mental health episode.

Raptors’ Leonard drops to sixth place in National Basketball Association all-star voting Raptors’ Leonard drops to sixth place in National Basketball Association  all-star voting The all-star starters and captains will be announced on January 24, and the reserves will be announced a week later. Every voter will complete one full ballot featuring two guards and three frontcourt players from each conference.