Saudi investment fund reportedly wants stake in Lucid Motors

Stop Sign on pavement

After another dramatic week for Elon Musk, in which he bared his soul in a brutally honest interview with The New York Times, his acquaintance Arianna Huffington took the time to offer the Tesla CEO some advice.

As reported by Inverse, Musk, not the one to ignore tweets directed towards him, chose to keep it short and tweeted that Ford & Tesla are the only 2 American vehicle companies that have avoided bankruptcy, pointing to the contribution of all the long hours being put into work to ensure that.

He then added, in an apparent reference to his long hours at work: "You think this is an option".

A New York Times report over the weekend noted that Musk was considering having his other giant company, SpaceX, make an investment in Tesla, which could reduce the amount of cash needed from other investors.

"This is why I referred to "funding secured" in the August 7 announcement", he said, referring to his surprise tweet on that date that he was thinking about taking Tesla private.

"We are reverting to valuing Tesla shares on the basis of fundamentals alone, which entails a $113 reduction in our price target back to the $195 level where it stood prior to our August 8 note in which we newly weighted 50% in our valuation analysis a go private scenario for which funding was at that time said to have been secured to take the company private at $420 per share", analyst Ryan Brinkman wrote in a note to clients out Monday.

Mauricio Pochettino Sends Clear Message To Wantaway Tottenham Players
Everton's revolution under Marco Silva gained more momentum at Goodison with Richarlison scoring his third goal in two games. Here are three possible ways Fulham could line up at Wembley, as the club seeks their first league points of the season.

United Kingdom woman rescued after falling from cruise ship in Croatia
The unnamed woman, aged 46, tumbled from the Norwegian Star, which was sailing from the port of Vargarola near Pula, Croatia . However, the incident caused a considerable delay to the schedule and didn't see the ship dock in Italy until 2.30pm.

Pregnant New Zealand minister bikes to hospital to give birth
Genter, 38, noted on social media on August 10 that she was "40 weeks + 4 days" pregnant, and "still waiting" to give birth. Genter says she rode her bike to Auckland City Hospital but didn't mind because it put her in a good mood for the birth.

Musk, a 47-year-old investor and engineer, stunned financial markets earlier this month, when he revealed on Twitter he was considering a $420 per share take-private deal for Tesla, an auto manufacturing pioneer that developed the world's first ever premium all-electric sedan vehicle.

Musk said that in late July, he met Saudi Arabian sovereign fund representatives to discuss the electric carmaker's possible exit from the stock market. In his interview with the Times, Musk said he sacrificed family milestones in the race to meet Tesla production targets.

Huffington's attempted intervention comes at a time when she's been campaigning in support of the benefits of sleep.

An open letter from Huffington, a board member at Uber Technologies, to Musk accused him of "demonstrating a wildly outdated, anti-scientific and horribly inefficient way of using human energy". Her description accompanying the open letter describes her as a "flat shoe advocate and sleep evangelist".

California-based Lucid Motors, formerly named Atieva, unveiled a prototype of a luxury sedan the Lucid Air at its unveiling in Fremont, California, U.S., December 14, 2016. Ford ultimately moved on.

Related News:

  • Man Utd and Chelsea circle as Ramsey talks stall

    Man Utd and Chelsea circle as Ramsey talks stall

    According to The Sun , Arsenal fear that Ramsey could leave the club with talks over a new deal continuing to stall. The Sun claim that Arsenal began negotiations with the Welshman past year though as yet no progress has been made.
    Weinstein accuser Asia Argento paid teen who made sex assault claim

    Weinstein accuser Asia Argento paid teen who made sex assault claim

    Argento told the magazine that she continued to have a relationship with Weinstein because she was afraid of angering him. Per their settlement, the Times reports that Bennett had to turn the photograph and its copyright over to Argento.
    UPA govt had higher economic growth rate than the present NDA govt

    UPA govt had higher economic growth rate than the present NDA govt

    The main reasons were demonetisation, flawed implementation of the GST (goods and services tax) and tax terrorism", he added. At that level of investment (GFCF), it is not possible to achieve higher growth rates.
  • Apple has removed 25,000 apps from App Store, here's why

    Apple has removed 25,000 apps from App Store, here's why

    Chinese media has criticized Apple in the past for not doing enough for the removal of illegal apps from the App Store . A CCTV report last month accused the company of allowing illegal gambling apps to proliferate.
    Magnitude 6.6 quake hits North East of Raba, Indonesia: USGS

    Magnitude 6.6 quake hits North East of Raba, Indonesia: USGS

    The aggressive quake was followed by powerful aftershocks that destroyed thousands of homes and displaced about 350,000 people. It is noted that the number of victims will continue to rise because rescuers haven't taken all of the collapsed houses.
    Best new features of the Samsung Galaxy Note 9

    Best new features of the Samsung Galaxy Note 9

    The Samsung Galaxy Note 8 is fuelled by a 3300mAh battery and comes with support for Samsung Adaptive Charge fast charging. The 6GB RAM model will be available in three color options - Ocean Blue, Lavender Purple, and Metallic Purple.
  • Winx beats Black Caviar's record with 26th straight win

    Winx beats Black Caviar's record with 26th straight win

    Winx won her 26th consecutive race on Saturday at Royal Randwick to set a new record for winning streaks in Australian racing . The seven-year-old was a raging favourite to win the weight-for-age event named in her honour and she didn't disappoint.

    Smog, smoke prompt Spare the Air alert for Sunday

    People with chronic health conditions should check with their health care providers before using a respirator mask. The air quality issues have forced many closures and cancellations in Spokane.
    Dramatic dash cam video shows moment deputy saves girl from hot car

    Dramatic dash cam video shows moment deputy saves girl from hot car

    Body camera footage released by the sheriff's office showed Dunn running while holding the girl in his arms. The deputy said, "Sometimes we're able to have a moment like this that makes it all worthwhile".
  • Shots fired at USA  embassy in Turkey, shattering window

    Shots fired at USA embassy in Turkey, shattering window

    No damages occurred at the embassy as the USA mission is closed this week as Turkey celebrates the Muslim holiday of Eid al-Azha. The early morning attack coincided with a deepening row between the two countries over the trial of a USA pastor in Turkey .
    Taliban fighters kidnap over 100 people after buses ambushed

    Taliban fighters kidnap over 100 people after buses ambushed

    A senior official in Ghani's office said the "conditional" ceasefire would run for three months. The insurgents, however, have no plans to officially announce the truce, the sources said.
    Wickens lucky to be alive after scary IndyCar crash

    Wickens lucky to be alive after scary IndyCar crash

    It's the same track where Justin Wilson died in 2015 after being hit in the helmet by a piece of debris from a crashed vehicle . "Beyond relieved that Robert Wickens is awake and alert. wishing all the best to him and Hinchtown", Dario Franchitti tweeted.


Most liked

Djokovic closes in on elusive Masters 1000 title by reaching Cincinnati final
The second set was more straightforward, as Cilic never faced a break point on his way to claiming victory in 1 hour, 45 minutes. He's 3-1 against Federer in Grand Slam finals and 12-6 overall in championship matches, including wins at Wimbledon and the U.S.

New iPhone X 2018 models showcased side-by-side in 'leaked' video
The report also suggests that the two premium devices could support Apple Pencil, a stylus that can now be used with the iPad Pro. Perhaps the most interesting of the trio is the so-called " iPhone 9 " that's only got the single-lens camera on the back.

Korean families separated for decades after war to be reunited
The ministry estimates there are now about 600,000 to 700,000 South Koreans with immediate or extended relatives in North Korea. But Seoul has failed to persuade Pyongyang to accept its long-standing call for more frequent reunions with more participants.

Novak Djokovic beats Roger Federer in Cincinnati final
Djokovic, who came up empty in five prior Cincinnati finals, defeated seven-time victor Roger Federer 6-4, 6-4 in the final. Djokovic was ecstatic with his win, and thanked Federer after the win for his "letting [him] win once in Cincinnati".

Son feels ashamed after South Korea’s upset loss to Malaysia
Looking for goals , South Korea put Hwang In-beom for Kim Geon-ung to start the second half. South Korea are second with three points, while Kyrgyzstan and Bahrain have a point each.

Germany in deal with Greece over taking back some migrants
Last week Germany and Spain sealed a similar deal on returning migrants. About half of them returned to Italy and about one fifth to Austria.

Winona Ryder Says She And Keanu Reeves Might Be Married
Eventually it clicked, and he replied in typical Reevesian fashion, " Oh my gosh, we're married ". Aside from Winona , Keanu married his IRL wife, Jennifer Syme, in 1998 but they divorced in 2002.

Google plans to exempt WhatsApp backups from Drive storage space calculations
Well, that will no longer be the case - thanks to a new agreement between WhatsApp and Google. Our WhatsApp backup on Google Drive stands at more than 1.5 GB.

Google Adds ‘Confidential Mode’ To Gmail Android App
Basically, with the Confidential Mode feature, you can send an email that will disappear after a while. It's nice to see Gmail for mobile gaining more and more new and useful functionalities.

Mueller: Prison Time An Option For Former Trump Campaign Aide Papadopoulos
Mueller's recommendation is relatively short, as the former Trump campaign aide faces up to five years in jail for his crimes. Mueller also maintained that Papadopoulos' false statements "were meant to harm the investigation, and did so".

Hazard confirms he is staying at Chelsea for 2018-19 season
At Stamford Bridge you can switch styles, players and managers but the resident magician remains their number 10. "I'm fine here. I don't want to talk about it yet. "For me there were many things positive in the first match against Manchester City".

Canada inflation surges on rise of global oil prices
The Canadian dollar rose more than half a cent to 76.50 United States cents after the latest inflation report was released. It went up 2.5 percent in June, which was already the highest level in more than six years.

NDRF launches biggest-ever operation in flood-hit Kerala; 58 teams deputed
Joe Thottungal, 46, came to Canada 20 years ago from Kerala and in 2004 opened a restaurant in Ottawa that serves Keralan cuisine. While the central government has dispatched multiple military units to Kerala, state officials are pleading for additional help.

Mourinho mocks Amazon and Man City: Where's my royalties?!
United leaked three first-half goals for only the 10th time in Premier League history, in an error-strewn and lacklustre showing. This was the game when Manchester United's defence was bullied to bits by a 34-year-old in Glenn Murray .

No mercy: All Blacks move in for the Bledisloe kill
But he also warned it would be unsafe not to anticipate a major Wallabies response in Auckland , even without injured fullback Israel Folau .