Month: May 2019

Will Apple buy Tesla?

“Apple reportedly offered to buy Tesla at a price around $240 per share in 2013, said Roth Capital Partners analyst Craig Irwin on Tuesday,” Daniel Sparks writes for The Motley Fool. “The surprise news comes as the electric-car maker’s shares fell below $200 amid growing concerns from analysts covering the stock.”

“Though the bid was in 2013, recent pressure on Tesla’s stock price makes this news particularly interesting. After all, in 2013, Tesla was only delivering just over 22,000 vehicles a year. Trailing-12-month deliveries today, however, are closing in on 300,000,” Sparks writes. “If Apple really did consider buying Tesla at a higher price when sales were much lower, it would make sense for the tech giant to revisit the potential acquisition as the automaker’s stock slumps.”

“If there ever were a good time for Tesla to accept a buyout offer from Apple, today would be it. Shares have been under immense pressure recently, sliding nearly 30% over the past 30 days as investors fret the company’s big first-quarter loss and as a growing number of analysts make bearish calls on the stock,” Sparks writes. “The big holdup for Apple, of course, could be the capital-intensive nature of Tesla’s business that has made sustainableprofitability look like a pipe dream to date. ”

NASA Administrator to Make Artemis Moon Program Announcement

NASA Administrator Jim Bridenstine will make a significant announcement about the Artemis program’s lunar exploration plans at 1 p.m. EDT Thursday, May 23, at the Florida Institute of Technology. The remarks will be carried live on NASA Television and the agency’s website.

Administrator Bridenstine will announce the commercial partner selection to develop and build the first segment of NASA’s Gateway outpost – the power and propulsion element (PPE). Gateway will be the lunar orbiting staging point to send astronauts to the Moon’s surface in five years.

Following his remarks, Bridenstine will answer questions from media at 2:10 p.m., in the Digital Scholarship Lab at Florida Institute of Technology’s Evans Library, 2949 Science Cir., Melbourne.

NASA also will host a media teleconference at 2:45 p.m. The teleconference participants include:

  • Bill Gerstenmaier, associate administrator, NASA’s Human Exploration and Operations Mission Directorate, NASA Headquarters in Washington
  • Michele Gates, PPE director, NASA’s Human Exploration and Operations Mission Directorate, NASA Headquarters in Washington
  • Dan Hartman, Gateway program manager, NASA’s Johnson Space Center in Houston
  • Mike Barrett, PPE project manager, NASA’s Glenn Research Center in Cleveland

Teleconference audio will stream live at:

https://www.nasa.gov/live

For dial-in information, media must contact Jimi Russell at james.j.russell@nasa.gov or 216-704-2412 no later than 1 p.m., May 23. Questions may be submitted on Twitter during the teleconference using the hashtag #askNASA.

The Gateway’s power and propulsion element is a high-power, 50-kW solar electric propulsion spacecraft section that will provide astronauts access to the entire surface of the Moon. It also will allow the Gateway to serve as a mobile command and service module by providing a communications relay for human and robotic expeditions to the lunar surface.

Charged with returning to the Moon by 2024, NASA’s lunar exploration plans are based on a two-phased approach: the first is focused on speed – landing on the Moon in five years – while the second will establish a sustained human presence on and around the Moon by 2028. NASA will use the Gateway to access the Moon, and the agency is targeting launch of the power and propulsion element in late 2022.

For more information about NASA’s Moon to Mars exploration plans, visit:

https://www.nasa.gov/moontomars

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