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Elon Musk

BUSINESS
October 14, 2013 | By W.J. Hennigan
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.
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BUSINESS
September 13, 2013 | By Ronald D. White
The gig: Lyndon Rive, 36, chief executive of SolarCity Corp., a company co-founded in 2006 with his older brother, Peter, that helped popularize a new direction in residential solar power development. The San Mateo, Calif., company installs solar panels for homes, businesses and government entities. But instead of selling the panels to the customer, SolarCity usually retains ownership of them and sells the electricity to the client. That cuts out much of the upfront cost involved with going solar.
CALIFORNIA | LOCAL
August 4, 2008 | David Pierson
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.
BUSINESS
February 17, 2010 | Bloomberg News
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 | By Ari Bloomekatz
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.
CALIFORNIA | LOCAL
April 24, 2013 | By Joseph Serna
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
April 25, 2013 | By Samantha Schaefer
Should the state play a role in preventing obesity among its residents? State Sen. Bill Monning (D-Carmel) has introduced legislation that would levy a 1-cent-per-ounce tax on sweetened beverages, including sodas, as part of an effort to fight obesity among young people, The Times' Patrick McGreevy reported. The measure is meant to discourage people from consuming sweetened drinks, and the money collected would pay for a statewide childhood obesity prevention program through  a  Children's Health  Promotion Fund.
BUSINESS
April 10, 2014 | By Marc Lifsher
SACRAMENTO - Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777 by Assemblyman Al Muratsuchi (D-Torrance), would create the exemption from local property taxes for a 10-year period that would end Jan. 1, 2024. Legislation is needed to modernize the state's tax code to encourage companies such as billionaire Elon Musk's SpaceX to build their rockets and spacecraft in California, Muratsuchi said.
AUTOS
April 26, 2013 | By Ronald D. White
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.
NEWS
March 7, 2014 | By Paul Whitefield
Like young bucks at a county fair kissing booth, states are lining up for a chance to court Tesla Motors and its planned $5-billion battery factory. But fair warning, fellas: The intoxicating fragrance of Musk and his money masks a cold business heart. Already a loser in the race for this California girl's affections, though, is, well, California. Oh, sure, we're good enough to design and build the company's eco-luxe Model S. And Californians bought more than one-third of the $70,000-and-up cars last year.
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