A.M. Edition for Aug. 20. WSJ’s Costas Paris discusses the latest supply-chain issues in China and the broader slowdown in shipping goods around the world.
Tesla CEO Elon Musk reveals plans for a humanoid robot using artificial intelligence. Online sports-merchandise retailer Fanatics reorders the trading-card world. Oil prices decline. And, why using your credit card could cost more. Marc Stewart hosts.
SpaceX’s new Starlink satellite internet service is being touted as a rural internet game changer. WSJ spent time with a few beta testers in a very remote area of Washington state to see if it’s truly the solution to the global broadband gap. Photo Illustration: Laura Kammermann
Elon Musk, Microsoft and oil giants like BP, Occidental and Exxon Mobil are investing in carbon capture technologies. Carbon Engineering and Climeworks are two start-ups that have built machines to suck CO2 straight out of the atmosphere in a process known as direct air capture. But the technology faces a number of challenges, one of which is that there’s currently no market for the captured CO2. As a result, some companies are selling their captured CO2 to oil companies, which use it to produce even more oil.
Japanese billionaire Yusaku Maezawa launched a search for eight people to join him as the first private passengers on a trip around the moon with Elon Musk’s SpaceX.
Seven years after Elon Musk first challenged innovators to develop a functioning hyperloop system, Richard Branson-backed Virgin Hyperloop and Hyperloop TT are in a race to bring the high-speed transportation technology into the real world. Photo illustration: George Downs
As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Experts say California needs to find more ways to reverse the trend.
As side hustles go, Elon Musk’s rocket company SpaceX is really quite something. Entirely separate from the humdrum day job at Tesla, where his only real challenge is weaning humanity off the internal combustion engine, Musk’s multi-billion dollar SpaceX operation sets itself no less a target than bringing down the cost of space travel and ultimately helping mankind colonise Mars.
Spoiler alert – firing gigantic rockets into space every other week is not a cheap undertaking. And while there’s no question Elon Musk has a few bucks to his name, his pockets aren’t bottomless. Somehow, all those dazzling launches – and landings – need to pay for themselves. So strap in and get ready for ignition sequence, while we investigate today’s burning question – how does SpaceX make money?
In October this year, influential investment bank Morgan Stanley went on record saying it believed SpaceX would very soon be worth a cool 100 billion dollars.
Watch Elon Musk at the WSJ CEO Council Summit talk about future plans for Tesla and SpaceX. Musk also reveals why he moved to Texas and shares his advice for business leaders.
Tesla is by far one of the most successful companies in modern history. They popularized fully electric cars and created a massive demand among the public. With a market cap of around 380 billion dollars, Tesla is growing by the day.
But to keep up with orders Tesla built a futuristic facility called the Gigafactory. Today we’re taking a look inside the Tesla Gigafactory. Tesla currently produces about 350,000 cars a year—far fewer than the public demands. But they have ambitions to ramp up production to more than 20 million cars a year.
This bold strategy will require numerous advances in their current chain of production, including several larger factories, which are currently being built all over the world. But the bedrock of Tesla’s production line is their Gigafactory in Sparks, Nevada. The company’s first fully built factory will serve as the model for what eventually could be a dozen massive Tesla factories globally.