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Musk hints at top secret Tesla
masterplan: tweet
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 [July 11, 2016]
By Lauren Hirsch
(Reuters) - Tesla Motors Inc <TSLA.O> CEO
Elon Musk on Sunday tweeted his intention to soon publish part two of
his "top secret Tesla masterplan" following an embattled several weeks
for the Silicon Valley heavyweight.
The tweet, which read "Working on Top Secret Tesla Masterplan, Part 2.
Hoping to publish later this week" comes amid inquiries into two crashes
of Tesla cars, as well as ongoing questions regarding Musk's plans to
combine his electronic vehicle company, Tesla, with his solar panel
maker company SolarCity Corp <SCTY.O>.
On July 1, a driver of a Tesla Model X in Pennsylvania crashed into a
turnpike guard rail. The National Highway Traffic Safety Administration
(NHTSA) announced last week it is investigating the crash "to determine
whether automated functions were in use at the time of the crash."
Tesla has said, "Based on the information we have now, we have no reason
to believe that Autopilot had anything to do with this accident."
The crash came on the heels of NHTSA's disclosure it was investigating a
May 7 crash in Florida that killed the driver of a Tesla Model S that
was operating in Autopilot mode.
The Tesla Autopilot system allows the car to keep itself in a lane,
maintain speed and operate for a limited time without a driver doing the
steering.
Last month, Tesla proposed to buy SolarCity over which Musk serves as
chairman and principal shareholder.. Musk expects the deal will help
Tesla get into the market for sustainable energy for homes and
businesses.
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Tesla Chief Executive Elon Musk smiles as he attends a forum on
startups in Hong Kong, China January 26, 2016. REUTERS/Bobby
Yip/File Photo
Jim Chanos of Kynikos Associates has called the proposed acquisition
"shameful example of corporate governance at its worst."
(This version of the story has been refiled to add dropped words
'guard rail' in paragraph 3)
(Reporting by Lauren Hirsch; Editing by Sandra Maler)
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