Tesla needs to put on a stunning show, but I'm not sure they're ready, says Steve Westly
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an hour ago
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Elon Musk makes surprise touchdown in small B.C. town
A small B.C town is buzzing after the world's richest man made an unexpected touchdown this past weekend. Elon Musk, the CEO of X and Tesla and a former White House adviser, landed in Bella Bella on B.C.'s Central Coast on Saturday in a small private aircraft before being flown out by helicopter. He returned to the airstrip on Monday and flew out. Local Seán Carter says the fishing community of about 1,500 people in the Great Bear Rainforest, 470 kilometres northwest of Vancouver, is used to seeing the rich and famous — including members of the Royal Family — pass through to take advantage of the recreational opportunities in the area, but Musk is at another level. "It's not every day the richest man comes through," he said. "That's gonna be a tough one to top." Carter says the common belief is Musk was passing through on his way to a property off the coast owned by James Murdoch, the son of media mogul Rupert Murdoch. The Globe and Mail reported in 2017 that the younger Murdoch had purchased a property for recreational use off the B.C. coast due to his love of the area. He is also a board member of Tesla, where Musk serves as CEO. CBC News has reached out to Tesla for comment. Musk a Canadian citizen An online service which tracks a private jet belonging to Musk shows the craft landed in Vancouver late Friday night and left Monday afternoon. Those times align with photos provided to CBC News, which show Musk arriving in Bella Coola on Saturday and leaving on Monday. Musk, who was born in South Africa, is a Canadian citizen through his mother, Maye Musk, who was born in Regina. As a teenager, he moved to Canada, where he says he lived and worked in Saskatchewan and Vancouver before studying at Queen's University in Kingston, Ont. Earlier this year, he was the subject of a petition calling on the Canadian government to revoke his citizenship due to his role in Trump's White House, as the U.S. president was ramping up rhetoric about using a trade war to make Canada a state. In B.C., Premier David Eby excluded Tesla products from its electric vehicle charger rebate program in response to U.S. tariffs, stating, "It's just for Tesla and it's because of Elon Musk." Multiple Canadian municipalities and government agencies have also been re-evaluating their relationship with X, citing Musk's politics. Meanwhile, many rural communities have signed on to use Musk's satellite internet Starlink service to help provide connectivity in remote areas. Musk has shared differing views on Canada over the years. In 2023, he posted a picture of himself wearing an I Love Canada T-shirt and later that year posted a message stating, "I'm proudly half-Canadian." But in February 2025, in response to the petition to revoke his citizenship, he posted "Canada is not a real country," which he later deleted. Emily Lowan, who is running for the leadership of the B.C. Green Party, shared photos of Musk's arrival in Bella Bella to her social media accounts, writing, "yet another reason to tax billionaires out of existence." In a statement to CBC News, she said the ability of billionaires to build private havens in B.C. while using private jets that fuel the climate crisis is a "stark warning" to governments of the need for action. Carter said there was plenty of debate about Musk over the weekend, but politics aside, having him pass through has been the "talk of the town" in Bella Bella. "No matter what your opinions are of the guy, it was something to follow," he said. And, he said, even though he arrived and left in a private jet, Musk wasn't able to get special treatment at the small-town airport. "It was quite busy, so the plane had to land on one side and the helicopter on the other, so he had to get out and walk a long way," he said. "I'm sure he was hoping to kind of come in and out kind of secretly, but there's definitely no secrets here."
Yahoo
2 hours ago
- Yahoo
Tesla owner in disbelief after reviewing unsettling footage: 'File a police report'
A post on the Tesla Model Y subreddit has highlighted a shocking incident: a night shift security guard was caught on camera apparently urinating on the original poster's car. The footage was captured by Tesla's Sentry Mode, a built-in security feature that uses the car's external cameras and sensors to monitor for suspicious activity while the vehicle is parked and locked. The post is two years old, demonstrating that public criticism of Tesla isn't new. But in a year when the automaker has been associated, fairly or not, with chief executive officer Elon Musk's political involvement, there have been a number of incidents targeting Teslas and their owners. Some are concerned that dislike of the well-known company's leadership could slow wider electric vehicle adoption and progress toward a more sustainable future. Vandalism of EVs and their charging infrastructure could create fear and frustration among current owners and even discourage new buyers, making the transition away from gas and oil that much harder at a time when reducing our reliance on fossil fuels is urgent. Meanwhile, those looking to pursue EV adoption can rest assured that going electric can bring both economic and environmental benefits — and that they have options. With a growing variety of EV brands on the market, each offering different attributes, there's no need for prospective buyers to feel limited to any one maker. There are also more charging options than ever before. Switching from a traditional car to an EV can already help drivers reduce costs by cutting gas and related maintenance. But EVs can become even cleaner and more affordable when charged using solar energy. Drivers interested in further reducing their environmental impacts and utility costs by making the change to solar at home can use free tools from EnergySage to find quotes from vetted local installers, with the potential to save up to $10,000. Commenters expressed frustration over the act of vandalism, along with empathy for the car owner. Many encouraged them to "file a police report." One commenter wrote, "I don't get this. There is no reason to hate Tesla and Tesla owners." Another added, "I had no idea this was a thing. Just trying to imagine what satisfaction you get by pissing on a car." Would you feel safe driving an EV? Absolutely Depends on the model Not really I already have one Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the the daily Crossword
Yahoo
2 hours ago
- Yahoo
Strategy Falls 15% in a Month: Hold or Fold the MSTR Stock?
Strategy MSTR shares have declined 14.7% in the past month, underperforming the Zacks Computer - Software industry and the Zacks Computer and Technology sector's returns of 0.3% and 3%, is the world's largest bitcoin treasury company, holding 628,791 bitcoins as of July 29, 3% of all bitcoin in existence. MARA Holdings MARA, Riot Platform RIOT and Tesla TSLA are other well-known companies that hold bitcoins in their respective balance sheets. As of June 30, MARA Holdings, Riot Platforms and Tesla had 49,951, 19,273 and 11,509 bitcoins, shares have underperformed MARA Holdings, Riot Platform and Tesla over the past month. While Tesla has climbed 2.1%, MARA Holdings and Riot Platform shares have dropped 14.5% and 12.3% over the same time frame. MSTR Stock's Performance Image Source: Zacks Investment Research Can Growing Bitcoin Holding Aid MSTR's Prospects? Strategy benefits from the Trump administration's announcement of the establishment of a strategic bitcoin reserve. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. President Trump recently issued an executive order directing the Labor Department to explore allowing 401(k) retirement plans to hold cryptocurrencies and other alternative assets, which is expected to drive retail adoption of now expects to achieve a bitcoin yield of 30% and $20 billion in gains, assuming the bitcoin price hits $150,000 at the end of the year. Bitcoin yield has hit 25% year to date and was 19.7% at the end of the second quarter of 2025. In dollar terms, bitcoin gain was $9.5 billion at the end of the second quarter and $13.2 billion year to 2025, Strategy expects operating income of $34 billion, net income of $24 billion and earnings of $80 per share, based on a bitcoin price outlook of $150,000 at the end of the year. The company's estimated 2025 net income of $24 billion is better than Riot Platforms' and Mara Holdings' net loss of $0.5 billion and $0.8 billion, respectively. Disciplined Capital Raising Bodes Well for MSTR The company's disciplined approach to capital raising through preferred equity offerings — Strike (STRK), Strife (STRF), STRD (Stride) and STRC (Stretch) — is a key catalyst. STRK offers an 8% dividend coupon plus MSTR exposure through conversion rights, and has an effective yield of 7.5% as of July 29. STRF offers a 10% cash dividend coupon with enhanced payment protection features and has had an effective yield of 8.7% as of July 29. Stride offers a 10% cash dividend coupon with strong collateral coverage and has an effective yield of 11.9%. Stretch offers a variable monthly cash dividend with an effective yield of 9.5% as of July has issued $10.7 billion in equities and $7.6 billion in fixed income securities year to date. Among fixed income securities, the company raised $2 billion, $0.94 billion, $2.52 billion, $1.13 billion and $1.02 billion through convertible notes, STRF, STRC, STRK and STRD, respectively. Earnings Estimates Revision Trend Steady for MSTR For third-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been unchanged at 11 cents per share over the past 30 days. The company reported a loss of $1.56 in the year-ago quarter. MicroStrategy Incorporated Price and Consensus MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote For 2025, the Zacks Consensus Estimate for MSTR's loss has been unchanged at $15.73 per share over the past 30 days. The company reported a loss of $6.72 per share in 2024. Here's Why You Should Avoid MSTR Stock Now Strategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, Strategy is trading at 2.15X compared with Mara Holdings' 1.24X and Riot Platforms' 1.38X, suggesting a premium valuation. MSTR vs. MARA Valuation Image Source: Zacks Investment Research MSTR vs. RIOT Valuation Image Source: Zacks Investment Research The MSTR stock is currently trading below the 50-day moving average, indicating a bearish trend. MSTR Stock Trades Below 50-Day SMA Image Source: Zacks Investment Research Strategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is another currently has a Zacks Rank #4 (Sell), which implies that investors should avoid the stock right can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
