Published: Tue, January 01, 2019
Finance | By Jaime Brady

Tesla names Larry Ellison to board

Tesla names Larry Ellison to board

He's been a longtime Tesla booster, and the announcement notes that Ellison purchased 3 million Tesla shares earlier this year.

It's a bad thing for folks who want to buy a Tesla in the future. Tesla expected to phase out the more expensive Model 3 that starts at almost $50,000, before incentives.

The federal government's tax credit for buying plug-in vehicles will be cut in half for Tesla buyers for the first six months of 2019. Mr Ellison also publicly defended Mr Musk after his tweets about taking Tesla private landed him in hot water with the SEC, a point that raised eyebrows with corporate-governance experts. Visit MarketWatch.com for more information on this news.

He told his 22 million Twitter followers on 7 August that he might take Tesla private at $420 per share and that there was "funding secured".

Computer virus prevents delivery of Saturday's Union-Tribune
At The Baltimore Sun , for example, the usual comics and puzzles were not included in Saturday's print edition, the paper tweeted. The Chicago Tribune says that Tribune Publishing also reported the attack to the Federal Bureau of Investigation on Friday.

PS Plus January 2019 free games revealed: Steep and Portal Knights
This list includes one of the most fantastic open-world snowboarding game Steep which was launched in 2016 by Ubisoft. You can explore alone or team up with up to three other friends in cooperative multiplayer*.

Japan to resume commercial whaling after pulling out of IWC
However, New Zealand Foreign Minister Winston Peters joined Australia in welcoming Japan's withdrawal from the southern ocean. Opponents have criticised the program as a cover for commercial whaling because the whale meat was sold for food.

Earlier this year, Tesla said orders placed by October 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year.

San Francisco: Electric vehicle company Tesla is looking for internal participants for its new Autopilot hardware, consisting of a new neural net computer that it claims would be the "world's most advanced computer for autonomous driving". Tesla is moving Model 3 production to Europe in January, probably knowing the tax credit phase-out would curtail sales of the current model.

Musk and Tesla reached the settlement with the SEC on September 29 that gave the company 90 days to add directors and take other actions. Tesla had earlier said it was "doing everything" to ensure those who ordered a vehicle as late as December 20 could take deliveries by December 31. Post 200,000, the tax credit begins to decrease. Tesla is expected to deliver some of those vehicles today, on the last day of the year, but sources familiar with the matter don't think it's possible for the automaker to go through the whole inventory.

On Sunday, auto blog Electrek reported that there were more than 3,300 Model 3 vehicles sitting in Tesla's U.S. inventory, according to an unnamed source familiar with the matter.

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