April 15, 2013 |
Satellite broadcaster Dish Network Corp. has made a $25.5-billion bid for Sprint Nextel Corp. If consummated, the deal would combine one of the nation's biggest pay-TV providers with the third-largest wireless communications company. The unsolicited Dish offer, which was announced Monday morning, is aimed at derailing Sprint's plans to merge with Japan's SoftBank Corp, a proposed deal valued at $20 billion. The Dish offer is made up of $17.3 billion in cash and $8.2 billion in Dish stock.
October 14, 2013 |
SpaceX launched its reusable 10-story Grasshopper rocket more than 2,440 feet in a flight to test technologies needed to one day return a rocket back to Earth intact. During the flight, the rocket blasted off, hovered and landed safely on the launch pad. At its top altitude, the rocket flew twice the height of the U.S. Bank Tower, the tallest building in Los Angeles. SpaceX, the Hawthorne company that builds rockets and space capsules to resupply the International Space Station for NASA, is aiming to develop a rocket that can return to a launch pad for a vertical landing, instead of burning up as it reenters Earth's atmosphere.
CALIFORNIA | LOCAL
April 24, 2013 |
The Los Angeles County Metropolitan Transportation Authority has formally acknowledged the completion of the widening of the Sepulveda Pass on the 405 Freeway will be delayed at least 13 months. Projected date for completion is now mid-2014. A variety of problems caused the delay -- notably the requirement to move dozens of utility lines under Sepulveda Boulevard. Join us at 9 a.m. as we discuss the project and its latest delays with Times reporter Martha Groves. Elon Musk, the entrepreneur behind PayPal and Tesla electric vehicles, jokes he can shoot one of his SpaceX rockets into space way faster than he can commute on the 405 Freeway from Bel-Air to the Hawthorne factory where those rockets are made.
CALIFORNIA | LOCAL
August 4, 2008 |
Teams were searching the central Pacific Ocean for the remnants of a low-cost rocket created by PayPal co-founder Elon Musk that malfunctioned soon after liftoff Saturday, a company spokeswoman said. Two minutes after liftoff, the first of the rocket's two engines failed to detach from the rest of the projectile. The split was necessary to launch the second engine into orbit, Diane Murphy said. The launch took place at United States military facilities on Omelek Island, about 2,500 miles southwest of Hawaii.
February 17, 2010 |
Elon Musk, chief executive of Tesla Motors Co., said a plane crash in Silicon Valley killed company officials. Details about the accident and names of the victims were not released. "We're working to confirm the identities and inform the families," Musk said. For Tesla, the accident comes as the San Carlos-based automaker prepares to sell shares to the public and announce the location of its U.S. assembly site to make battery-powered cars. Tesla received about $465 million in federal loans last year to expand production of vehicles and battery packs.
CALIFORNIA | LOCAL
April 25, 2013 |
Police shot a man in Garden Grove on Thursday night after he tried to run down officers with his vehicle, authorities said. Lt. Jeff Nightengale of the Garden Grove Police Department said the incident began about 8:15 p.m. when some undercover officers stationed near Beach and Garden Grove boulevards became worried about a driver who pulled up near them and was acting suspiciously. The undercover officers called for a marked police car to check out the situation because they feared the man driving the car would interfere with their surveillance, Nightengale said.
February 19, 2014 |
Tesla Motors Inc. narrowed its losses in both the fourth quarter and the year as the electric car maker ramped up sales both in the U.S. and internationally and collected about $150 million from the sale of environmental credits. Shares of Tesla soared to a record when it released the financial report after the stock market closed, rising $24.10, or 12.5% to $217.74 in after-hours trading Wednesday. Tesla said that it lost $16.3 million in the fourth quarter. That compared with a loss of $89.9 million a year earlier.
October 21, 2011 |
In 2006, when director Chris Paine released "Who Killed the Electric Car?" the story of GM's short-lived, battery-powered EV-1, the villains were many, but consumer apathy played its role. With "Revenge of the Electric Car," Paine's entertaining follow-up, top GM exec Bob Lutz gives much credit for the company's 180 to consumer outrage. Wall Street might want to take notice of how quickly tides can change. "Revenge" follows the three-way race between GM, Nissan and Silicon Valley rogues Tesla Motors to bring an electric model successfully to market by centering on the three biggest personalities involved: Lutz, Nissan head Carlos Ghosn and Elon Musk, the PayPal mogul behind Tesla who goosed GM into action with his sexy gas-free sports car. Invited "behind enemy lines" as narrator Tim Robbins intones, by GM themselves in 2007, the filmmakers gained access across the board by promising not to release the film until the cars hit showrooms in 2011.
June 19, 2013 |
Add another first to electric car company Tesla Motors' list of accomplishments -- its first recall of its Model S sporty sedan. Tesla will recall about 1,228 of its expensive Model S because of a problem with a seat latch, Elon Musk, the automaker's chief executive said in a statement. “The mounting bracket for the left hand latch of the second row seat could be weaker than intended. This reduces our confidence that the left hand seat back will be properly retained in the event of a crash,” Musk wrote on the company's website.
April 26, 2013 |
Tesla Motors reached an important milestone in the first quarter as its high-end electric Model S sedan outsold the Chevrolet Volt plug-in hybrid and the electric Nissan Leaf. Tesla is expect to announce in its upcoming quarterly earnings report in May that it sold 4,750 of its Model S sedans, which start around $70,000. That would beat the Chevy Volt's first-quarter sales of 4,244, which was an 8% increase for the Volt compared with the same quarter in 2012, according to Autodata figures.