Business Insider, 1/1/0001 12:00 AM PST
As the owner of Gleason's Gym, arguably the world's most famous boxing gym, Bruce Silverglade has amassed a lot of stories. Nearly every major boxer over the last half-century either learned how to box at Gleason's or trained there in advance of one fight or another. Legendary fighters like Muhammad Ali and Mike Tyson — along with current boxing star Floyd Mayweather Jr. — have all trained at Gleason's. Over the years, Silverglade has gotten to know nearly every fighter who has come through his doors. That includes Tyson, who grew up in New York City and spent a lot of time training at Gleason's throughout his career. One of his most memorable stories about Tyson came after the often-troubled fighter was arrested in 2003 after getting into a fight with tourists in a Brooklyn hotel lobby in June 2003. Three tourists from Pennsylvania came into the lobby of the Marriott Hotel in Downtown Brooklyn after a night of partying and reportedly asked Tyson for an autograph. Tyson refused and a fight ensued. Some reports said that the two men instigated the fight with Tyson, threatening him with a pole and suggesting they had a gun. Tyson was arrested on charges of assault and disorderly conduct. The way Silverglade tells it, an investigator from the Brooklyn District Attorneys office called Silverglade asking him to convince Mike Tyson's team to talk to investigators. The DA's office, led at the time by Charles Hynes, a former amateur boxer, felt Tyson had gotten "the short end of the stick," said Silverglade, but had to investigate the case due to Tyson's fame and his record. "I told him that I’d talk to Mike’s team, but so long as we’re on the phone, why don’t you give community service? He could do 100 hours at Gleason’s," Silverglade told Business Insider in a recent interview. Hynes loved the idea, as did Tyson's attorney, Mel Sachs, who trained at Gleason's at the time. But Tyson turned it down because he felt admitting guilt would open him to a civil lawsuit, according to Silverglade. Early the following year, Tyson agreed to a plea deal days before the trial was due to start. As part of the deal, the three misdemeanor charges against him would be dropped but he would plead guilty to disorderly conduct, a violation. In exchange, Tyson had to do 100 hours of community service working with children, primarily at Gleason's, and go through six months of counseling. On the first day of Tyson's community service, he was only supposed to show up for 30 minutes to do some paperwork. He ended up staying for two hours to work with boxers in the gym's program for disadvantaged youths. "The first day he was due to serve, there wasn’t a publication in the world that wasn’t here. Hynes was here for his photo-opp. Japanese cameras were here. European cameras," said Silverglade. Coincidentally, Hilary Swank was also in the gym that day, training with legendary boxing trainer Hector Roca for her role in "Million Dollar Baby." Swank, according to Silverglade, was confused why the cameras were trained on Tyson and not her. The plan for Tyson was to work with younger kids to teach them both how to box and about the difficult lessons he has learned through the severe highs and lows of his career. Silverglade has long had the Give A Kid A Dream program, which offers at-risk youth the opportunity to learn how to box, providing them membership at Gleason's, instruction, and equipment. ''This is just terrific. This is the perfect way to give back to the community, to the kids, to Brooklyn," Hynes said at the time. Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |
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Business Insider, 1/1/0001 12:00 AM PST
Tesla Semi, the automaker's newly unveiled electric big-rig truck, will have a base price of $150,000. Tesla's lowest-priced model is expected to travel 300 miles on a single charge, while the longer-range truck will have a 500-mile range and cost $180,000. Morgan Stanley analysts initially predicted the Semi would cost about $100,000. Tesla CEO Elon Musk said during the big reveal last week that the truck would cost less to operate compared to traditional diesel trucks — to the tune of about $1.26 per mile compared to the $1.51 per mile it costs to maintain a diesel hauler. A $20,000 deposit is required to reserve a standard Tesla Semi. Buyers who want the limited "founders series" must pay the full $200,000 price up front. Production is expected to begin in 2019. Several major corporations, including Walmart, J.B. Hunt, and Meijer have already placed orders for the Semi. Semi-relatedly, Tesla's brand-new Roadster comes in around the same price point as the Semi: $200,000 for the base model, and $250,000 for the founders series — the payment for which is due in full, up front. Roadster production begins in 2020. Some industry watchers have pointed to the new vehicles as a cash-grab for Tesla; the company is struggling to overcome production bottlenecks with its mass-market Model 3, the most affordable, and most-desired Tesla. There are some 450,000 orders for the compact sedan. Tesla fell far short of expectations for Model 3 production in the early going, producing just 260 examples of the car by the end of September. The company has pushed back production and delivery estimates as a result. According to a Bloomberg report published this week, Tesla in the last 12 months has been burning through about $480,000 per hour. In the absence of additional funds, the company would run out of money by next summer, the Bloomberg data concluded. Tesla has previously said it has the resources to keep the lights on. Additionally, capital markets and Tesla customers have generally been reliable partners. Tesla stock hovered between $300 and $320 recently, with some investors expecting it to touch $400. But, there could be some volatility on the horizon, according to one Morgan Stanley analyst as investors look for signs of progress on the Model 3 assembly line. Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |