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.
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 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.
March 7, 2014 |
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.
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.
August 12, 2013 |
It's easy for Californians to get breathless about Elon Musk's futuristic Hyperloop, considering how much bad news they've gotten about the high-speed rail line they voted for in 2008. So when Musk revealed details of his idea Monday afternoon in a blog post , Golden Staters could be forgiven for wishing they could have a do-over on that ballot initiative. But regardless of its superior coolness factor, Musk's idea faces some of the same hurdles that have been so problematic for the train project -- plus a few unique ones.
September 13, 2013 |
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.
March 28, 2014 |
Tesla Motors Inc. has announced plans to reinforce the undercarriage of about 16,000 cars with high-strength shields to reduce the risk of damage from a crash starting a fire. Elon Musk, the electric car company's chief executive, outlined the retrofit Friday morning, at the same time the National Highway Traffic Safety Administration announced that it has signed off on the changes and was closing a probe into two fires that occurred in Tesla Model S sports sedans. The NHTSA did not ask Tesla to issue a recall for the Model S. “NHTSA has not identified a safety defect trend at this time that would justify the agency issuing a recall request letter,” the agency said.
October 7, 2012 |
SpaceX is set to usher in a new era for NASA's space flight program when a towering white rocket blasts off from Cape Canaveral, Fla., and heads to the International Space Station on a resupply mission. If successful, Space Exploration Technologies Corp., better known as SpaceX, will be the first private company to resupply the space station on a contracted mission for NASA. The company has a $1.6-billion contract to carry out 12 such cargo missions for the space agency in the coming years.