Top News & Analysis Nevada

  • Tesla, led by entrepreneur Elon Musk, said it was still on track to deliver about 50,000 new Model S and Model X vehicles during the second half of 2016, and reiterated that it would spend $2.25 billion in capital expenditures in 2016 to prepare for its upcoming Model 3 sedan. "Making cars is hard... and they still are in the growth stage- the market seems to want to give...

  • The company, run by Silicon Valley entrepreneur Elon Musk, said on Wednesday it was on track to deliver about 50,000 new Model S and Model X vehicles during the second half of 2016.. Excluding items, Tesla lost $1.06 per share in the three months ended June 30, compared with 48 cents in the same period last year. Tesla said its net loss widened to $293.2 million, or $2.09...

  • FRANKFURT/ ISTANBUL, Aug 3- Turkish authorities were able to trace thousands of people they accuse of participating in an underground network linked to last month's failed military coup by cracking the weak security features of a little-known smartphone messaging app. Security experts who looked at the app, known as ByLock, at the request of Reuters said it...

  • Aug 2- After four rocky years as a publicly traded company in the volatile renewable energy sector, SolarCity Corp may now be wading into an equally uncertain future. With a tentative agreement to be purchased by its sister company, Tesla Motors Inc, SolarCity is going all in on a strategy that some analysts say is ahead of its time: pairing solar systems with the...

  • SAN FRANCISCO, Aug 2- A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will be vulnerable to cyber attacks. Peiter Zatko, known in the hacker world as Mudge, was the best-known member of pioneering Boston...

  • SAN FRANCISCO/ WASHINGTON, Aug 2- Iranian hackers have compromised more than a dozen accounts on the Telegram instant messaging service and identified the phone numbers of 15 million Iranian users, the largest known breach of the encrypted communications system, cyber researchers told Reuters. The attacks, which took place this year and have not been...

  • Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk...

  • *Tesla offers 0.110 of its shares per SolarCity share. Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share,...

  • Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that...

  • Aug 1- A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX's share price to plunge. VirnetX shares were down $1.93, or 44.6 percent, at $2.40 in Monday morning trading, after earlier falling to $2.14. District Judge Robert...

  • Elon Musk

    Tesla Motors said it would buy solar panel installer SolarCity for $2.6 billion in shares to form a one-stop clean energy shop.

  • Combining the clean energy car maker with the solar panel installer is a major part of billionaire Elon Musk's strategy, who earlier in July unveiled his master plan "part deux" that calls for the combined company to offer consumers a single source of hardware to power a low-carbon lifestyle. Tesla and SolarCity, which have market capitalizations of $34.6...

  • Combining the clean energy car maker with the solar panel installer is a key pillar of billionaire Elon Musk, who earlier in July unveiled his master plan "part deux" that calls for the combined company to offer consumers a single source of hardware to power a low-carbon lifestyle. Tesla and SolarCity, which have market capitalizations of $34.6 billion and $2.6...

  • July 29- Allegiant Air said its pilots represented by the Teamsters union ratified a new five-year contract, ending labor issues at the Las Vegas- based budget carrier at a time the U.S. airline industry is grappling with a shortage of pilots. Allegiant Air, owned by Allegiant Travel Co, had 625 full-time pilots at the end of 2015.. Allegiant Air had been in...

  • Tesla CEO says gigafactory can produce more than expected

    Elon Musk expects the manufacturing facility to produce three times more than he previously thought.

  • SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20...

  • SPARKS, Nevada, July 26- Tesla Motors Inc's "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise," Chief Executive Elon Musk said on Tuesday. Speaking at a formal unveiling of Tesla's $5 billion battery "gigafactory" outside Reno, Nevada, Musk said the new...

  • RENO, Nev., July 26- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. A "modest capital raise" could be needed to fund Tesla's strategic plans, and new products in the plan could cost "tens of billions" over time, Musk said at a press conference...

  • July 26- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.

  • Tesla scrambles to finish 'gigafactory'

    The electric automaker doubled its labor force to finish the high-tech battery plant in Nevada.