Johnny Depp’s $50 Million Lawsuit against Amber Heard Delayed

Johnny Depp’s lawsuit against ex Amber Heard will be delayed until August 2020. This is after he failed to provide important alcohol consumption and drug usage records as ordered by the court. He is suing her for $50 million for attempting to smear his name after she wrote an article for the Washington Post talking about her experience as a victim of domestic violence. She inferred that the actor was the perpetrator while failing to name him explicitly.

Is Elon Musk Juggling Too Many Companies to be Successful?

Now that Telsa’s Model 3 is having significant problems, both in production and in order rates, you would think the company led by Elon Musk would focus like a laser to get productivity and orders flowing for their products and snafus corrected. These issues are in the headlines almost daily and the stock is falling. But how can Elon focus on these problems when Musk is juggling so many other balls, with Tesla being only one of many major issues in his life?

Soak Up 8% YTM from SolarCity/Tesla, Bonds Mature 2020

This week, Durig Capital reviews a bond from an issuer that was snapped up a few years ago by one of the most enigmatic figures in corporate America. In late 2016, SolarCity was acquired by Elon Musk’s company, Tesla. The acquisition made sense- combine the maker of electric cars and energy storage with a company that produces solar panels that produce energy (seemingly to ultimately charge Tesla’s vehicles). Tesla has since integrated SolarCity’s products into the Tesla portfolio. Tesla’s most recent reported quarter (Q3 2018) was truly historical.

 

  • Free cash flow of $881 million.

  • Operating income of $417 million

  • Cash flow from operations of $1.4 billion.

  • Interest coverage in Q3 of 2.4x.

Artificial Intelligence Market is Here

Elon Musk & Telsa’s Future: Turbo Charged or a Car Wreck ?