Grimes calls Azealia Banks a “narc” in leaked text message correspondence

Last week, a judge ordered Grimes and Azealia Banks to preserve all Twitter, Instagram, and text message conversations relating to Elon Musk’s “420” …

Last week, a judge ordered Grimes and Azealia Banks to preserve all Twitter, Instagram, and text message conversations relating to Elon Musk’s “420” tweet. Now, after Musk’s attorneys attempted to discredit her as a witness, Banks has chosen to share her correspondences with Grimes for the entire world to see.

First a quick refresher: Musk, the billionaire founder of Tesla, sent out a tweet in early August falsely claiming that he had secured funding to take his company private at $420 a share. Apparently, Musk thought the number would amuse his girlfriend, Grimes, who had taught him the meaning of 420 in marijuana culture. Later that month, Banks revealed that she’d spent a harrowing weekend like “a real [life] episode of Get Out” with Grimes at Musk’s house, right when the infamous tweet was sent. Banks told Business Insiderthat she saw Musk “scrounging for investors” after tweeting, and alluded on Instagram that he may have written the message while on acid.

The tweet cost Tesla billions of dollars in valuation, and Musk is now facing a lawsuit from several of the company’s investors.

Musk’s legal team had hoped to prevent Banks from testifying in the suit. “She is a ‘veteran of long and nonsensical beefs [having] feuded with everyone from Sarah Pain to Nick Cannon,’ Musk’s lawyer Dean Kristy argued in a legal filing. “She remains a ‘Twitter villain even after being banned from the service’; she went on a rant on Instagram ‘that began as a delirious critique of colonial wealth and racial privilege, [and] became a vaguely eugenicist denigration of Musk as a caveman.’”

In response, Banks suggested she has “plenty more dirt to spill on Elon,” adding, “This is going to get extremely ugly. I may be a lot of things but a liar is not one of them. Elon will learn very soon who is more powerful of us two.” Now, Banks has shared her text message correspondence with Grimes dating back to August 16th, 2018 — nine days after Musk’s “420” tweet.

In the text messages (via reddit), Grimes repeatedly refers to Banks as a “narc”, and both women trade insults about the other’s physical appearance.

Grimes and Azealia Banks text message correspondence (1/4), via Banks' InstagramGrimes and Azealia Banks text message correspondence (1/4), via Banks' Instagram

Grimes and Azealia Banks text message correspondence (1/4), via Banks’ Instagram
Grimes and Azealia Banks text message correspondence (2/4), via Banks' InstagramGrimes and Azealia Banks text message correspondence (2/4), via Banks' Instagram

Grimes and Azealia Banks text message correspondence (2/4), via Banks’ Instagram
Grimes and Azealia Banks text message correspondence (3/4), via Banks' InstagramGrimes and Azealia Banks text message correspondence (3/4), via Banks' Instagram

Grimes and Azealia Banks text message correspondence (3/4), via Banks’ Instagram
Grimes and Azealia Banks text message correspondence (4/4), via Banks' InstagramGrimes and Azealia Banks text message correspondence (4/4), via Banks' Instagram

Grimes and Azealia Banks text message correspondence (4/4), via Banks’ Instagram

Banks previously apologized to Musk for “all the painful events you’ve endured” and encouraged him to “just speak to me directly bc This is getting out of hand.” However, in a later Instagram message, she accused Musk of “hack[ing] my phone, my computer, my website, have a PI wait on my block, stalk my social media, have failed attempts to poison me etc etc etc.”

Azealia Banks' response to Elon Musk (1/4)Azealia Banks' response to Elon Musk (1/4)

Azealia Banks’ response to Elon Musk (1/4)
Azealia Banks' response to Elon Musk (2/4)Azealia Banks' response to Elon Musk (2/4)

Azealia Banks’ response to Elon Musk (2/4)
Azealia Banks' response to Elon Musk (3/4)Azealia Banks' response to Elon Musk (3/4)

Azealia Banks’ response to Elon Musk (3/4)
Azealia Banks' response to Elon Musk (4/4)Azealia Banks' response to Elon Musk (4/4)

Azealia Banks’ response to Elon Musk (4/4)

We’ve reached out to representatives for Banks and Grimes for more information.

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Elon Musk says he talked to CERN about building tunnels for its biggest ever particle collider

Elon Musk said on Twitter that the director of research lab CERN, Fabiola Gianotti, asked him about collaborating on a new particle collider. The new …

Scientists have an ambitious new plan to explore the mysteries of the universe, and Elon Musk might be there to help.

The Tesla chief executive said on Twitter that he was approached by research organisation CERN, which houses the world’s largest particle accelerator. The Large Hadron Collider (LHC) is famous for facilitating the discovery of the Higgs Boson.

Musk said CERN’s director, Fabiola Gianotti, talked to him about his tunnelling company potentially digging tunnels for a new particle accelerator, which would be four times larger than the (LHC). Musk’s Boring Company is an infrastructure firm mostly focused on building new tunnels to ease traffic congestion.

Musk said the Boring Company could help save billions of euros.

CERN announced a design report for a new particle collider, called the Future Circular Collider (FCC), on Monday.

The FCC would be about four times the size of the LHC, which runs for 27 km (just under 17 miles) under Switzerland.

Here is a video of the new design:

A spokesman for CERN confirmed to Business Insider that director Fabiola Gianotti met Elon Musk at the Royal Society in July last year.

“In view of projects for future larger accelerators, CERN is always open to new, cost-effective technologies that could lead to their implementation, including the tunnels that will be needed,” the spokesman added.

Musk founded the Boring Company in 2016, and the company unveiled its first test tunnel in December, and its tunnelling equipment currently makes headway about 14 times slower than a snail— although Musk said at the launch party for the tunnel, “Aspirationally, we should be slightly faster than a snail.”

Read more: Elon Musk’s Boring Company axes plans to build a massive tunnel under Los Angeles

The plans for the FCC are not yet set in stone. “CERN is seriously considering a large collider to take over when the LHC will stop operations around 2035-2040,” the spokesman said. “Considering the time scale of such projects, a decision would need to be taken in the next few years.”

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Tesla Granted Permission to Sell Model 3 in Europe

It could start delivering the Long Range Battery version of the vehicle in February. The news came just days after CEO Elon Musk announced that the …

The European launch is crucial for Tesla as it navigates what Chief Executive Officer Elon Musk called a “very difficult” road ahead. The company is cutting jobs so it can profitably deliver lower-priced versions of the Model 3, Tesla’s first car targeted for the mass market. Musk has pointed to sales of the sedan in Europe and China as a main reason he isn’t concerned about any potential setback caused by a halving of the U.S. federal tax credit, to $3,750, on Tesla purchases as of Jan. 1.

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Here’s Why You Should Buy The Job Cuts Dip In Tesla Stock

28 after the Securities and Exchange Commission sued CEO Elon Musk for fraud. InvestorPlace – Stock Market News, Stock Advice & Trading Tips.

While markets broadly marched higher on Friday, shares of Tesla (NASDAQ:TSLA) headed sharply in the opposite direction. Why? The electric vehicle maker said it will cut about 7% of its workforce due to a combination of depressed profitability this quarter and a desire to keep making money while selling lower-priced vehicles. Following the company’s email announcement, TSLA stock dropped about 13%.

The knee jerk reaction in Tesla stock makes sense. Without a doubt, the company email is a profit warning. Tesla reported a sizable 4% profit margin last quarter, one that was artificially high due to preferential selling of higher-priced Model 3 variants. This one-time margin tailwind won’t persist. Instead, it will turn into a headwind as the company sells cheaper Model 3s in 2019. Tesla can’t make a profit selling those lower-priced cars with its current cost structure, so they are removing costs by cutting jobs.

It’s worth noting that Friday’s decline was the seventh-steepest since the Tesla’s 2010 IPO; the shares sank almost 14% on Sept. 28 after the Securities and Exchange Commission sued CEO Elon Musk for fraud.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

None of that is great news. As such, the drop in TSLA stock makes sense on the surface.

But on closer inspection, this dip is a buying opportunity when markets open tomorrow. This isn’t the first time Tesla announced widespread layoffs in an attempt to boost profitability. Prior job cuts boosted profitability without compromising revenue or innovation. The same should happen this time around. Also, net hiring is still up big on a two-year basis. The company simply over-hired in order to boost Model 3 production in late 2018. These firings bring Tesla back to industry normal revenue-per-employee levels.

Overall, the layoff announcement isn’t a big deal. It’s simply normalization, and actually boosts the company’s medium-term profit outlook. As such, the long-term bull thesis remains intact, and investors should consider buying Tesla stock again as it closes in on $300.

Not TSLA’s First Profit Warning

The market is acting like this Tesla company e-mail reveals something new. It doesn’t. Tesla has been beating the “we are going to cut jobs in order to boost profitability because we operate in a tough industry with low margins and want to sell cheaper cars” drum for a long time now.

Last June, CEO Musk sent out a company email revealing that the car maker was going fire 9% of the workforce in order to drive a profit amid the ramp on lower-priced Model 3 production. Over the following months, Model 3 production ramped to mainstream levels, the company sold and delivered a bunch of those cars, and margins roared higher. Tesla ended up reporting a third-quarter profit margin of 4%, the most-impressive profit margin in the company’s 15-year history.

In other words, we’ve seen this rodeo before. The early 2019 version will play out much like the June 2018 one.

Over the next several months, Tesla will pare its workforce by 7%. During that stretch, the company will sell a bunch of higher-priced Model 3 variants in Europe and Asia. That will keep margins in positive territory for the next few months as these layoffs play out. Then, once those folks are off the payroll and the cost structure has been reduced, Tesla will launch lower-priced Model 3 variants in the summer. Revenue will spike, and margins will remain positive, because the cost structure has been appropriately reduced.

As such, by the middle of the year, these job cuts will allow Tesla to report record profits and margins.

Reduction is Normalization Without Value Loss

In the big picture, the workforce reduction at Tesla is simply a normalization in the employee base without a tremendous loss of value.

Consider this: Tesla has about 45,000 employees and revenue of around $20 billion. That means the company’s revenue per employee clocks in around $450,000. Ford (NYSE:F) and General Motors (NYSE:GM) have historically operated around $700,000 to $800,000 in revenue per employee, according to corporate reports. Doing the math, if Tesla reduces its workforce by 7% to ~42,000, and revenue come in around $30 billion next year, then TSLA revenue per employee will be around $700,000, or more of the industry norm.

Moreover, if you consider that Tesla grew its workforce by 30% in 2017 and is now trimming that back by just 7%, the implication is that they are firing people who have been there less than a year, and were just hired to ramp Model 3 production. That isn’t a big long-term value loss.

Bottom Line on TSLA Stock

A close look at Tesla’s layoff announcement doesn’t reveal any red flags that warrant a near-13% sell-off in Tesla stock. As such, this dip is a buying opportunity. Investors should watch the $300 level closely. The TSLA stock price has historically held that level many times before. It should hold again this time.

As of this writing, Luke Lango was long TSLA.

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The post Here’s Why You Should Buy The Job Cuts Dip In Tesla Stock appeared first on InvestorPlace.

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Comment: Panasonic Industry and the WARR Hyperloop, accelerating tomorrow’s transportation

The event was hosted by SpaceX and its founder, Elon Musk (pictured), at the company’s Hawthorne, California headquarters, as it has been since its …

Comment: Panasonic Industry and the WARR Hyperloop, accelerating tomorrow’s transportation

On July 22nd 2018 WARR Hyperloop did it again, writes Alexander Schultz-Storz of Panasonic Industry Europe – the team from the Technical University of Munich won the Hyperloop Pod Competition for the third consecutive time.

The event was hosted by SpaceX and its founder, Elon Musk (pictured), at the company’s Hawthorne, California headquarters, as it has been since its inauguration. To begin at the beginning…

See also: TUM Munich team wins 2018 Hyperloop Pod competition

For years Californian political and business leaders have discussed the merits of a high-speed rail system between Los Angeles and San Francisco. Frustrated by the debate and alarmed by the costs, environmental impact and energy requirements for this new rail line, Elon Musk, the well-known entrepreneur behind Tesla and SpaceX, proposed a radical new mode of transportation: Hyperloop.

The idea behind Hyperloop is simple: propel passengers between cities at speeds of over 970km/h in capsules that float in partial vacuum tubes. With less air resistance, pods can reach and maintain supersonic speeds – powered entirely by solar energy – transporting passengers from Los Angeles to San Francisco in just 30 minutes.

To quote Alexander Schultz-Storz, Division Director, Solution Competence Division at Panasonic Industry:

“Beyond its economic benefits, Hyperloop offers a significant reduction in carbon emissions. The Hyperloop concept is intended to replace billions of commuter car passenger miles, as well as free up airspace. As futuristic as it sounds, this concept is not a pipe dream: the pace of innovation is notably increasing, with 2018 already seeing several big announcements, such as Virgin’s Hyperloop One.”

While the idea may be simple, the engineering isn’t. Therefore in June 2015, SpaceX announced an open competition for independent and university engineering teams to design a half-scale Hyperloop pod and have it tested on a track at SpaceX.

What started out as Elon Musk’s ambitious, possibly far-fetched, concept has transformed into the next obvious step for transportation. Students and engineers around the world have taken on the technical challenges involved, and, in the spirit of collective progress, all intellectual property produced during the SpaceX Hyperloop Pod Competition will be publicly available, ensuring that nothing stands in the way of implementing a full-scale Hyperloop, thus delivering a fundamentally better transportation future.

An academia-industry interface is crucial for success in this endeavour. This interface needs to be characterized by an interactive and collaborative exchange between academic institutions and the industrial sector. This is especially important if there is no real reference design available yet but if it has to be started from scratch.

Martin Dziura, Scientific Director, TUM: “As soon as companies and universities work hand in hand to push the frontiers of knowledge, they become a catalyst for innovation and economic growth. Industry partnerships give students and faculties additional funding. By striking up corporate partnerships, universities have more resources to undertake research and they are able to diversify their areas of research.”

“But it’s not all about the financial support. The more significant contribution is gaining industry feedback and guidance. Universities know that some problems can’t be solved in isolation in a lab, and industry feedback is key to taking an invention or product from conception to market. Panasonic Industry has a wide range of technologies that can be found in our latest WARR Hyperloop pod.”

On Board the WARR Hyperloop

To levitate, usually either air bearings, (basically blasting air to levitate, like air hockey tables) or magnets are used. This results in levitation. Linear induction motors then propel the pod along the tube. Pods get pushed at high speed and will stay at a high speed a long time because there is no friction from the ground and they are in a vacuum. Since there is very low friction from the air, it is possible to cruise for miles.

For the design of the WARR Hyperloop, the team decided on a third method: using wheels for acceleration until liftoff speed is reached or braking is required.

“Our design concept is influenced in many ways by the e-mobility sector. On that basis, a co-operation with Panasonic Industry was a logical and necessary step for us. Using an electric motor guarantees the best possible acceleration, but it also creates safety requirements for our components that are typical of electric vehicles,”explains Martin Riedel, Technical Lead, WARR Hyperloop

Since the battery voltage of the pod is several hundred volts, the electrical system must meet essential safety requirements. The electromechanical components that provide the necessary security when loading and driving play an essential role in this context. This is where grid isolation relays are used to interrupt or close the corresponding circuits.”

Here’s a more detailed look at the areas and design-in questions where Panasonic Industry’s products and technical support helped:

EX-L221

The most challenging aspect of the cooperation between Panasonic Industry and the WARR Hyperloop team was the selection of different sensors to monitor the performance of the pod and guarantee its safety.

Riedel continues: ”The laser light sensor from Panasonic Industry determines the position of the pod inside the tube. To achieve this, the laser must read several markings within the tube while it accelerates with a maximum speed of 600km/h. The specific design challenge for us is not only that the laser reads the mark but also that this information is processed correspondingly quickly.

The detection of these marks had the strictest timing requirements of any task: the 101.6mm wide marks pass a laser sensor in 610µs at a relative speed of 167 m/s, which demands a 1.64kHz minimum sampling rate. This information is then used to determine the best place to initiate braking. For us, the key benefits of Panasonic Industry’s laser sensor were its robustness when coping with movement and environmental influences, its miniature size and its light weight.”

HG-C1050

To achieve perfectly smooth sliding of the pod, it is essential that the magnets and the vehicle always maintain the same distance from the rails. If the vehicle leans or inclines, efficiency, speed, and smoothness are impaired – possibly dramatically. Maintaining the correct position with respect to the rails facilitates easy and uncomplicated measurement and recording of pod behavior and its driving dynamics without adding weight and design costs.

Continues Riedel: ”What caught our attention were the specifications of the HG-C1050: it has a very precise and compact casing, a combination which we had never seen before. This enables us to measure the relative position of the pod to the rail – vital information when we come to analyze driving dynamics and vehicle behavior. We have to ensure that we made the right design decision…and this vehicle behaves as planned and expected.”

Relays

Reducing size and weight and saving energy were the first design parameters WARR Hyperloop had defined for itself during the construction and planning of their pod. In the effort to minimalize weight and increase battery performance, a lot of attention was given to improving the efficiency of the AC-to-DC power conversion and distributed power generation through various subsystems.

This is where relays had to come into play, since they function as a switching device used to control the path of electricity, thereby controlling the circuit the voltage is directed to. Panasonic has been meeting the highly specialized power needs of the industrial and automotive markets with a vast range of innovative and economic relays for more than 30 years.

Riedel added: “We picked Panasonic’s PA-N for controlling our subsystems due to its high-density mounting, low operating power and small casing, which measures only 20 x 5 x 12.5mm.”

Thick Film Chip Resistors

Riedel concludes: “In the electronic battery control systems for charging and cell balancing, we are looking for any advantages that can be gained in the critical areas of safety and reliability – both vital factors in securing a pole position for our Hyperloop pod. Panasonic supported the WARR Hyperloop by providing Thick Film Chip Resistors.

Lithium batteries are very susceptible to over-charging or discharging at an accelerated rate. Resistors are used to improve battery efficiency; specifically for monitoring the power from the cell to the electric motor and for regenerative braking, where they control the current in and out of the battery.

Panasonic’s new Thick Film Resistors are ideal for this application, thanks to a high power capability of up to 0.6 W and resistance values down to 0.001 Ω, making them suitable as balancing resistors, enabling optimum charging by equalizing voltage levels across the battery system.

Panasonic’s sensors, resistors as well as relays play an essential role in the WARR Hyperloop pod and in achieving the team’s goals of miniaturization and increased efficiency. Together with Panasonic’s, engineering know-how and product guidance and financial support a highly successful pod design was created and who knows, maybe we will even see elements of that design in the Hyperloop that might eventually transport us from Los Angeles to San Francisco in the future.

Alexander Schultz-Storz, Division Director, Cross Value Division, Panasonic Industry Europe

View this WARR Hyperloop gallery, and a video further below:

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