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Elon Musk Says Tesla is Close to Achieving Profitability

In order to "achieve a victory beyond all expectations, Tesla must go "all out" on production on Sunday which marks the end of the quarter, Musk said.

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Tesla acquires trucking firms to deliver Model 3 on time: Musk. Pixabay
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Amid a slew of controversies surrounding Tesla CEO Elon Musk, there comes some good news for the electric-car company’s investors and staff as the tech billionaire has now said that the company is close to achieving profitability.

In emails to Tesla staff, Musk said that if the staff could pull through the pressure on Sunday, the company could be close to achieving an “epic victory” on production goals, CNBC reported.

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A Telsa car recharges at a Tesla charging station in Charlotte, N.C.. VOA

The message from the Tesla boss could bring some cheer to the workers as the last few weeks had been quite tumultuous for Musk who had on Saturday agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the US stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges.

The SEC announced the deal on Saturday — two days after it sued Musk in federal court for misleading investors over his post on Twitter last month that he was considering taking Tesla into private ownership at $420 a share.

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‘Tearful’ Musk aims for $25,000 Tesla car for the masses. (VOA)

According to the SEC’s complaint, Musk’s misleading tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption.

Also Read: Elon Musk Apologises To UK Driver For Calling Him a ‘Pedo’

However, in two emails — one dated September 28 and the other September 30 — Musk exhorted staffers to “ignore the distractions” and that the company was close to “proving naysayers wrong”, the CNBC report said.

In order to “achieve a victory beyond all expectations, Tesla must go “all out” on production on Sunday which marks the end of the quarter, Musk said. (IANS)

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U.S. Hacking From China On The Rise: U.S. Intelligence Official

The U.S. Congress is looking into the allegations of increased Chinese hacking activity.

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A man types on a computer keyboard in front of displayed cyber code in this illustration picture. VOA

A senior U.S. intelligence official said on Tuesday that Chinese cyber activity in the United States had risen in recent months, targeting critical infrastructure in what may be attempts to lay the groundwork for future disruptive attacks.

“You worry they are prepositioning against critical infrastructure and trying to be able to do the types of disruptive operations that would be the most concern,” National Security Agency official Rob Joyce said at a Wall Street Journal cybersecurity conference.

Joyce, a former White House cyber adviser for President Donald Trump, did not elaborate. A spokeswoman for the NSA said Joyce was referring to digital attacks against the U.S. energy, financial, transportation and healthcare sectors.

Bitcoin Price, Cryptocurrency surge, Computer, U.S.
Experts: Cyber attacks Growing Increasingly Sophisticated. Pixabay

The comments are notable because U.S. complaints about Chinese hacking have to date focused on espionage and intellectual property theft, not efforts to disrupt critical infrastructure.

China has repeatedly denied U.S. allegations it conducts cyber attacks.

Joyce’s remarks coincide with U.S. prosecutors preparing to unveil as early as this week a new round of criminal hacking charges against Chinese nationals. They are expected to charge that Chinese hackers were involved in a cyber espionage operation known as “Cloudhopper” targeting technology service providers and their customers, according to people familiar with the matter.

Also Read: The Secrets Of The North Korean Hacker Army

The U.S. Congress is looking into the allegations of increased Chinese hacking activity.

Senior officials from the Department of Homeland Security and Justice Department are scheduled to testify Wednesday morning at a Senate Judiciary Committee hearing on “China’s Non-Traditional Espionage Against the United States: The Threat and Potential Policy Responses.” (VOA)