Is Elon Musk launching a Tesla-themed tequila?

‘Teslaquila’: Elon Musk Dropping Own Agave Brand

Tesla chief executive officer Elon Musk took to Twitter Tuesday to announce that owners will get a new Autopilot chip in about six months that will be much more powerful and enable the company's long-awaited Full-Self Driving Mode.

That tweet was followed by a photo titled "Visual approximation" featuring a red bottle label with a banner that reads "Teslaquila" under the company's signature Tesla logo.

The settlement terms will have Tesla pay a $20 million fine, and Musk will pay a $20 million fine.

The Tesla chief executive is now under pressure to reveal his successor as chairman of the electric vehicle and energy company after a deal was rubber-stamped by a court in Manhattan.

The formal approval of the settlement between the three, brings an end to the potential uncertainty for investors in the firm, following Musk's now infamous tweet that funding was secured to take the company private.

However, Mr. Musk refuted the claims of FT's report stating that they were not true but refusing to comment any further.

The $20 million will be added to the $9 billion Musk presently holds in Tesla stock.

More news: Liverpool's Fabinho says he is adapting to English football
More news: Google+ to shut down after security flaw exposes users' private details
More news: Hamilton wins in Japan and moves closer to F1 title

An order by U.S. District Judge Alison Nathan asked the SEC and Tesla to submit a joint letter explaining why the court should approve the consent judgment.

The news was a shock to shareholders and the general public alike, and although members of the Tesla board said a day later that the entrepreneur had raised the issue in meetings, the tweet's evaluation of the company prompted SEC to investigate.

"Just want to that the Shortseller Enrichment Commission is doing incredible work", Mr Musk, a frequent critic of investors betting against the company, wrote.

Tesla filed a federal trademark application dated on Monday for the name "Teslaquila" consisting of either "distilled agave liquor" or "Distilled blue agave liquor".

It's certainly a good time for Musk to buy.

Musk and Tesla agreed to resolve the SEC probe without admitting or denying wrongdoing. The 500,000 vehicles Tesla vows to produce next year are almost six times its 2016 production.

Related News:



Most liked

DAZN signs Canelo Alvarez to record US$365m fight deal
The signing of Alvarez kicks off the DAZN-boxing partnership with an exclamation point and plenty of zeroes. Promoter De La Hoya told ESPN: "Canelo is the highest-paid athlete in the world".

Trump Calls Stormy Daniels 'Horseface' in Gloating Twitter Post
She is arguing that the agreement is invalid because he never signed it, and that claim is still in proceedings. That "game on, Tiny" gag "could result in a nuclear strike", Kimmel cautioned.

Netflix adds more subscribers than thought
Sales grew 34 percent to $4 billion, meeting Wall Street forecasts. "That's a really good number for a market that's this mature". The after-hours jump, to $346 per share, means the stock price has climbed almost 70 percent since the beginning of the year.

'Let's stop making a god out of Lionel Messi'
However, Messi's cousin, Maxi Biancucchi have had enough of Maradona's jibe and made a decision to respond to his latest comments. Messi has earned 128 caps for Argentina, with that tally leaving him 19 short of Javier Mascherano's record haul.

Malicious Message Bug Is Crashing PlayStation 4, How To Protect Your Console
Another suggestion involves running a factory reset on your console, though you may want to look at that as a last resort. The offending messages apparently have the word "Juegas" and a odd symbol that can't be recognized by the PS4.

Beautiful Beneath to embark on Breast Cancer Awareness Health Walk
It is a great opportunity to dedicate some time to reviewing breast health in general and breast cancer screening in particular. The department has conducted this awareness program for the past several years and is proud to do so.

Warning of heavy rain
Rainfall totals could reach as high as 150mm over the Brecon Beacons, almost as high as the monthly average of 170mm for Wales. Guests arriving at the royal wedding in a windy Windsor had to hold on to their hats, with gusts of up to 32 miles per hour .

Banksy Pranks Auction House, Shreds $1 Million Artwork
The work was signed in a heavy gilt frame, which, as it turned out in the end, was embedded and Schroeder. Ian Syer , co-Founder of MyArtBroker .com said: " Banksy is unique to the art world".

Astronauts make emergency landing after escaping malfunctioning rocket
There was an issue with the booster , according to NASA, forcing the crew to separate from the rocket and fall back to Earth. In 2015, CRS-7 launched a Dragon capsule on a Falcon 9 rocket to resupply the space station, but the second stage exploded.

Trump calls Brett Kavanaugh allegations a 'hoax'
Advisers and Senate leaders had urged Trump not to attack Ford publicly, anxious such a move would anger on-the-fence senators. She talked about this assault to her husband, to others, before Brett Kavanaugh was ever nominated to the Supreme Court .

Melania Trump visits Malawi school as part of Africa tour
Speaking of, the wife of Donald Trump was almost knocked over by an excited elephant during her visit to the animal sanctuary. First lady Melania Trump walks with singing children as she visits the Nest Orphanage in Limuru, Kenya, Friday, Oct. 5, 2018.

Interpol President Reported Missing During Trip To China
While Meng is head of the executive committee that oversees Interpol, the agency is run by Secretary General Juergen Stock. Before being elected head of Interpol in November 2016, Meng was vice minister of public security in China.

Manchester City are scared of Liverpool, and so they should be
Liverpool just couldn't hit second gear against Napoli and were on the back foot for most of the game. Both the sides have won seven and drawn one in their last 8 league matches.

India vs West Indies: Ravichandran Ashwin surpasses Harbhajan Singh in elite list
Tail-ender Keemo Paul, in only his second Test, bludgeoned a four and a six in an unbeaten 13 to see West Indies to the close. Jadeja enthralled the sparse crowd at the SCA stadium with aerial hits which came mainly off the spinners.

Pompeo to head to Pyongyang for weekend talks with North Korean leader
At Wednesday's briefing, Pompeo said the statements were "entirely consistent with each other". Kim has expressed a desire to denuclearize before the end of Trump's term in early 2021.





Most Commented