Elon Musk Says it’s ‘Possible’ Tesla Would Buy Ohio’s General Motors Plant

Elon Musk

Tesla CEO Elon Musk expressed interest in purchasing the five General Motors facilities that are set to close in 2019, including one in Lordstown. In a teaser for his upcoming interview with 60 Minutes, Musk was asked if he would “want to buy some of those plants.” “It’s possible that…

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GM’s Mass Layoff Includes Eliminating a Hybrid Car Obama Once Championed

by Chris White   General Motor’s decision to restructure and layoff thousands of employees Monday includes eliminating a hybrid vehicle former President Barack Obama once called the car of the future for the Detroit company. GM said Monday that it will cut roughly 14,000 people in North America and will idle factories…

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Elon Musk Takes the Deal – Agrees To Step Down From Tesla As Chairman In SEC Settlement

Elon Musk

by Chris White   Billionaire tech guru Elon Musk agreed to step down as the chairman of Tesla after the Securities and Exchange Commission sued the electric vehicle company for fraud, according to court documents published Saturday. Musk, who owns roughly 20 percent of the company, also agreed to pay…

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