Today: 21.09.2018
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Tesla shares rise after Musk slams The Economist.

Tesla will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. Tesla has already sought this month to play down Wall Street speculation that...
Time: 10:44     Date: 13.04.2018
World Tech News: Tesla shares rise after Musk slams The Economist. NY Post 24 - US News

Tesla has already sought this month to play down Wall Street speculation that it would need to return to capital markets this year to raise more funds as it ramps up production of the Model 3 sedan seen as crucial to its long-term profitability.

The car maker, which has consistently fallen short of promised targets on production and is fighting bad publicity over a crash of a car using its Autopilot system, said 10 days ago it would have positive cash flow from the third quarter.

Musk went slightly further in a tweeted response to a story in The Economist which cited estimates Tesla would need $2.5 billion to $3 billion this year in additional funding.

“The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money,” Musk wrote.

Tesla shares, which have gained nearly 10 percent since disclosing the Model 3 production numbers on April 3, gained as much as 3.2 percent in premarket trade on Friday. They were up around 2 percent soon after the opening bell on Wall Street.

Wall Street brokerage Jefferies, which provided the funding estimate cited by The Economist, said in a note last week it expects refinancing risk to remain high for the Silicon Valley venture until it can consistently produce 10,000 Model 3s a week.

The company again missed its own 2,500 target for weekly production at the end of the first quarter, and analysts and fund managers doubt Tesla’s ability to keep production growing to a promised 5,000 Model 3s per week in three months time.

Tech

World Tech News: Google Maps will now give you parking suggestions. NY Post 24 - US News
Google Maps will now give you parking suggestions.
Google has been testing parking features in Google Maps for a while now, since parking is obviously such a crucial part of...
World Tech News: Now there’s something wrong with NASA’s Curiosity rover. NY Post 24 - US News
Now there’s something wrong with NASA’s Curiosity rover.
NASA’s rover situation on Mars is, well, complicated. The aging Opportunity rover was swallowed up by the planet-wide dust...
World Tech News: AI-powered gliders are learning to fly like birds. NY Post 24 - US News
AI-powered gliders are learning to fly like birds.
It took mankind untold eons to learn how to fly, but now artificial intelligence is doing something similar and in a fraction...
World Tech News: Uber in talks to buy food delivery company Deliveroo. NY Post 24 - US News
Uber in talks to buy food delivery company Deliveroo.
Uber is looking to get into the food delivery business. The ride-hailing app is in early talks to buy five-year old food...

Opinion

Last US News - Opinion: This Supreme Court fight will only deepen our divisions. NY Post 24 - US News
This Supreme Court fight will only deepen our divisions.
Where is James Baker when we need him? The political maneuvering required to get Judge Brett Kavanaugh confirmed to the Supreme...
Last US News - Opinion: Trump’s Iran sanctions prove the establishment wrong — again. NY Post 24 - US News
Trump’s Iran sanctions prove the establishment wrong — again.
When President Trump withdrew the United States from the Iran nuclear deal back in May, the foreign-policy establishment...
Last US News - Opinion: Democrats have abandoned the presumption of innocence. NY Post 24 - US News
Democrats have abandoned the presumption of innocence.
Christine Blasey Ford deserves a hearing, although at the moment she doesn’t seem to want one. What she doesn’t deserve...
Last US News - Opinion: De Blasio’s Brooklyn schools plan is all about ideology. NY Post 24 - US News
De Blasio’s Brooklyn schools plan is all about ideology.
Schools Chancellor Richard Carranza vowed to “accelerate student learning in all kinds of ways, shapes or forms” at the...
Last US News - Opinion: Democrats will exploit Kavanaugh’s accuser all the way to Election Day. NY Post 24 - US News
Democrats will exploit Kavanaugh’s accuser all the way to Election Day.
Are Senate Democrats really interested in learning the truth about the high-school sex-assault accusation against Brett Kavanaugh?...

Living

US Living News: Slate gets flak for story questioning Serena Williams’ marriage. NY Post 24 - US News
Slate gets flak for story questioning Serena Williams’ marriage.
Reddit co-founder Alexis Ohanian is known for lavishing his wife Serena Williams with over-the-top gifts then documenting...
US Living News: ‘Selfie awareness’ is making more people go under the knife. NY Post 24 - US News
‘Selfie awareness’ is making more people go under the knife.
In the age of social media, people are more image-conscious than ever before. From Snapchat filters and editing apps to the...
US Living News: Dormant thermal spring at Yellowstone National Park erupts. NY Post 24 - US News
Dormant thermal spring at Yellowstone National Park erupts.
BOZEMAN, Mont. — A thermal spring near Old Faithful in Yellowstone National Park has erupted for the fourth time in the...
US Living News: Diners will soon have to ask for a straw in California. NY Post 24 - US News
Diners will soon have to ask for a straw in California.
SACRAMENTO, Calif. — If you want a straw with your drink or a soda with a kids’ meal at a California restaurant, you’ll...
US Living News: This man has broken up 4,000 relationships and counting. NY Post 24 - US News
This man has broken up 4,000 relationships and counting.
“All I’m asking is, have you ever been in a situation like that in a relationship where you felt trapped like...
US Living News: Poultry plant investigated after workers fall sick with rare disease. NY Post 24 - US News
Poultry plant investigated after workers fall sick with rare disease.
Health officials are investigating a poultry plant in New Market, Virginia after 50 employees were recently sickened by Psittacosis,...
US Living News: Tickets for Michelle Obama’s book tour are going for obscene prices. NY Post 24 - US News
Tickets for Michelle Obama’s book tour are going for obscene prices.
Last week, Michelle Obama announced her nationwide book tour of “Becoming,” her first memoir. But when tickets...
US Living News: Dog owners share heartbreaking tales after alleged PetSmart grooming deaths. NY Post 24 - US News
Dog owners share heartbreaking tales after alleged PetSmart grooming deaths.
With his soulful brown eyes and floppy ears, Speck was full of life when he bounded into PetSmart to get spruced up for the...

Business

Last US Business News: Elton John, Universal announce deal involving his husband. NY Post 24 - US News
Elton John, Universal announce deal involving his husband.
Elton John and Universal Music Group on Friday announced a recorded music and song publishing deal so encompassing that it...
Last US Business News: Feds probing whether drugmaker services are schemes to boost sales. NY Post 24 - US News
Feds probing whether drugmaker services are schemes to boost sales.
Federal investigators have kicked off a probe into whether certain services drugmakers offer to doctors and patients are...
Last US Business News: Investor swears bitcoin will ‘grind back’. NY Post 24 - US News
Investor swears bitcoin will ‘grind back’.
Mike Novogratz swears bitcoin is the real deal — despite the cryptocurrency losing nearly 70 percent of its value since...
Last US Business News: Wells Fargo to shed 10 percent of its workers by 2021. NY Post 24 - US News
Wells Fargo to shed 10 percent of its workers by 2021.
Wells Fargo said Thursday it will shed as much as 10 percent of its workforce by 2021 as the bank struggles with continued...
Last US Business News: Tesla’s Model 3 wins perfect 5-star rating from US safety watchdog. NY Post 24 - US News
Tesla’s Model 3 wins perfect 5-star rating from US safety watchdog.
Tesla’s Model 3 sedan has been awarded a five-star rating by the US auto safety agency NHTSA in tests that are standard...
Last US Business News: Jobless claims post surprise drop, hit lowest levels since 1969. NY Post 24 - US News
Jobless claims post surprise drop, hit lowest levels since 1969.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign...
Last US Business News: Stocks hit record highs on relief over China tariffs. NY Post 24 - US News
Stocks hit record highs on relief over China tariffs.
The Dow Industrial Average on Thursday became the last of the benchmark indexes to regain record territory, boosted by gains...
Last US Business News: Larry Fink blitzed by war protesters at conference. NY Post 24 - US News
Larry Fink blitzed by war protesters at conference.
BlackRock’s Larry Fink got blitzed by war protesters at a conference in New York Thursday. Moments after the head of the...

Metro

Metro News: MTA chairman has Twitter tantrum when faced with a transit nightmare himself. NY Post 24 - US News
MTA chairman has Twitter tantrum when faced with a transit nightmare himself.
MTA Chairman Joe Lhota never seems all that upset about disrupting the subway commutes of millions of New Yorkers, but threaten...
Metro News: Diversity plan mayhem: Arts school can’t audition applicants anymore. NY Post 24 - US News
Diversity plan mayhem: Arts school can’t audition applicants anymore.
Parents and even teachers at a Brooklyn performing arts school were shocked to learn Friday that the school can no longer...
Metro News: Panhandler stabbed man for refusing to give him a dollar: cops. NY Post 24 - US News
Panhandler stabbed man for refusing to give him a dollar: cops.
A panhandler allegedly stabbed a man in the neck for refusing to give him a dollar in Brooklyn Friday morning, witnesses...
Metro News: Dwarf group: Cuomo’s a bigot for calling foe a Trump ‘Mini Me’. NY Post 24 - US News
Dwarf group: Cuomo’s a bigot for calling foe a Trump ‘Mini Me’.
The leader of the nation’s largest advocacy group for dwarfs and short people is calling on Gov. Cuomo’s campaign to...
Metro News: MTA driver crashes bus into building in Brooklyn. NY Post 24 - US News
MTA driver crashes bus into building in Brooklyn.
An MTA bus crashed into a Brooklyn building Friday morning, authorities said. The B45 bus was making a right turn when it...
Metro News: DOE’s transportation chief fired after week from hell. NY Post 24 - US News
DOE’s transportation chief fired after week from hell.
The Department of Education’s transportation chief has been axed after an embarrassing slew of busing mishaps marred...
Metro News: Two people shot to death on Queens street. NY Post 24 - US News
Two people shot to death on Queens street.
Two people were killed and another seriously injured in a Queen shooting Friday morning, officials said. The shooting occurred...
Metro News: Infants among wounded in Queens day care stabbing. NY Post 24 - US News
Infants among wounded in Queens day care stabbing.
Three babies and two adults were injured after being stabbed in a private day care facility in Queens early Friday, officials...

Sport

Last US Sport News: Baker Mayfield was Sam Darnold’s harsh reality check. NY Post 24 - US News
Baker Mayfield was Sam Darnold’s harsh reality check.
At least Sam Darnold knew this was coming. Maybe he didn’t know it would happen Thursday — heck, by rights, it wouldn’t...
Last US Sport News: Lakers hope this Lonzo Ball fix is enough. NY Post 24 - US News
Lakers hope this Lonzo Ball fix is enough.
Adding LeBron James was big, but the Lakers are hoping another of their marquee stars takes a giant leap forward in the coming...
Last US Sport News: Timberwolves power struggle could decide Jimmy Butler’s fate. NY Post 24 - US News
Timberwolves power struggle could decide Jimmy Butler’s fate.
The Jimmy Butler trade negotiations are non-existent at the moment. According to ESPN.com, the Timberwolves are telling interested...
Last US Sport News: Documentary captures unseen side of classic Yankees season. NY Post 24 - US News
Documentary captures unseen side of classic Yankees season.
You can’t channel surf (or channel stream?) nowadays without stumbling upon enough sports documentaries to carry you through...
Last US Sport News: How WWE fans helped Paige claw out of sex tape hell. NY Post 24 - US News
How WWE fans helped Paige claw out of sex tape hell.
WWE star Paige has revealed she hit “rock bottom” after her sex tape hell — but was helped back by the wrestling...