Keyword: tesla

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  • Delingpole: Tesla Car Batteries Not Remotely Green, Study Finds

    06/21/2017 5:50:03 PM PDT · by Rockitz · 33 replies ^ | 21 Jun 2017 | James Delingpole
    The car batteries used in a Tesla generate as much CO2 as driving a gasoline-powered car for eight years. And that’s before they even come off the production line. This news, from a study by the Swedish Environmental Research Institute, will no doubt delight all those U.S. taxpayers who have been forking out billions of dollars to prop up Tesla’s share price having been assured by their government that subsidizing overpriced electric cars represents a vital step towards “combatting climate change.” The report, commissioned by the Swedish Transport Administration and the Swedish Energy Agency, cannot easily be dismissed because it...
  • Tesla car battery production releases as much CO2 as 8 years of gasoline driving

    06/21/2017 10:06:29 AM PDT · by gubamyster · 39 replies
    Watts Up With That? ^ | 06/20/2017 | Anthony Watts
    Ooops, looks like those “saving the planet” Tesla snobs just got their eco-ride de-pimped From NyTeknik: h/t to Don Shaw (translated) Huge hopes have been tied to electric cars as the solution to automotive CO2 climate problem. But it turns out the the electric car batteries are eco-villains in the production process of creating them. Several tons of carbon dioxide has been emitted, even before the batteries leave the factory. IVL Swedish Environmental Research Institute was commissioned by the Swedish Transport Administration and the Swedish Energy Agency to investigate litium-ion batteries climate impact from a life cycle perspective. There are...
  • Auto parts manufacturer plans Lathrop plant, 100 jobs (California)

    06/17/2017 1:56:24 PM PDT · by 2ndDivisionVet · 4 replies
    The Manteca Bulletin ^ | June 17, 2017 | Jason Campbell
    A South Korean company – Simwon America Corp. – has selected Lathrop as the location for its first manufacturing plant in the United States. The auto parts manufacturer is locating in the old Medline Distribution Center on D’Arcy Parkway right in the heart of Lathrop’s commercial and light industrial hub right behind the Tesla Facility. While details about the corporation – which only filed its paperwork with the California Secretary of State last year – are scare, speculation points to their operation potentially supplying Tesla with parts which would make it the first supporting business that has located to the...
  • Elon Musk Threatens to Quit Advisory Panel if Donald Trump Cuts Energy Taxes, Subsidies

    06/01/2017 5:49:35 AM PDT · by Rockitz · 42 replies ^ | 31 May 2017 | Neil Munro
    Elon Musk is threatening to resign from President Donald Trump’s business advisory panel if he extracts Americans from the Paris Climate Agreement which indirectly subsidizes Musk’s multiple billion-dollar business projects. The Wednesday threat came after news reports announced that Trump has decided to quit the 2016 agreement, which critics say would increase energy costs for U.S. consumers, factories and workplaces. The threat was delivered via a pair of tweets from the entrepreneur, who has skillfully harnessed a variety of federal regulations to subsidize his Tesla electric-car company, his SolarCity energy company, and a Nevada battery factory. Trump is under huge...
  • Apple Potentially Targeting Tesla for Takeover, Says Citi Analyst

    05/13/2017 2:15:57 AM PDT · by 2ndDivisionVet · 45 replies
    The Drive ^ | May 9, 2017 | Rob Stumpf
    Could Apple be gunning for an acquisition or merger with Tesla? A Citigroup analyst believes it's a possibility—especially with Apple's huge cash reserve that has recently surpassed a quarter of a trillion dollars. With big things on the horizon for Tesla Motors, and cash burning a hole in Apple’s pocket, it’s an angle to consider. It's fair to say that Tesla wasn't the only company to appear in this forecast, made by Citigroup analyst Jim Suva. Netflix and Disney are two other big names tossed around in addition to the automaker. But Apple is currently working on a self-driving vehicle...
  • Tesla To Sell Solar Roof Tiles That Can Power A Home

    05/10/2017 6:28:40 PM PDT · by BenLurkin · 55 replies
    cbs2la ^ | 05/10/2017
    Tesla CEO Elon Musk tweeted early Wednesday that ordering would begin later in the day. Musk said the tiles will be sold worldwide. They’ll go to U.S. customers first this year and to other countries next year. He gave no other details. Palo Alto-based Tesla, which makes electric cars, announced last fall that it would produce the tiles with solar power company SolarCity Corp. Tesla and SolarCity completed a merger in November. The glass tiles are designed to look like a traditional roof, with options that replicate slate or terracotta tiles. They contain photovoltaic cells that Tesla says are invisible...
  • Mexican engineers flood Tesla hiring event in Monterrey

    05/06/2017 10:55:39 PM PDT · by Rabin · 19 replies
    Foreign desk news ^ | May 6, 2017 | Anthony Esposito
    Engineers from across Mexico streamed into Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc which is looking south of the border for talent. Scheduled interviews with a number of candidates on Friday and was slated to screen other prospective employees over the weekend at the closed-door event.
  • Tesla Isn’t Going to Lead the Next Car Revolution

    05/01/2017 2:16:41 AM PDT · by 2ndDivisionVet · 50 replies
    Fortune Magazine ^ | April 30, 2017 | Tien Tzuo
    Tesla made headlines recently when its market capitalization nosed past both General Motors’ and Ford’s to make it the most valuable U.S. automaker. Overall U . S . auto sales are down after last year’s highs, and the Big Three (Ford, GM, and Chrysler) automakers have been turning in lackluster numbers lately. Meanwhile, Elon Musk’s company is on track to sell 100,000 cars this year, after delivering almost 80,000 last year. So is Tesla poised to dominate Detroit’s Big Three? I seriously doubt it. Tesla is an amazing company. Its cars have improved suspensions, new top speeds, and autonomous driving—the...
  • What Tesla’s “Inexplicable” “Ponzi Scheme” Valuation Says about the Stock Market

    04/12/2017 11:20:44 AM PDT · by Lorianne · 13 replies
    Wolf Street ^ | 11 April 2017 | Wolf Richter
    In fact, it’s not “inexplicable” at all. ___ Tesla shares rose to $313.38 this morning, giving the company a market capitalization of about $51 billion, surpassing GM for a moment as the most valuable American automaker. This left some industry insiders wondering about tulip bulbs. “It’s either one of the great Ponzi schemes of all time, or it’s all going to work out,” mused Mike Jackson, CEO of AutoNation, the largest dealer group in the US. He was speaking at a conference hosted by the National Automobile Dealers Association and J.D. Power. “It’s totally inexplicable, as far as its valuation,”...
  • If Tesla Is Worth More Than GM, Why Are Taxpayers Still Subsidizing It?

    04/12/2017 3:49:38 AM PDT · by IBD editorial writer · 55 replies
    Investor's Business Daily ^ | 4/11/2017 | Staff
    Motor City: The big news in the auto world was that Tesla topped the market value of General Motors. That means the car company that gets massive taxpayer subsidies is now worth more than the car company taxpayers bailed out a few years ago. Welcome to the world of crony capitalism. On Monday, Tesla's stock closed at $312.39, which meant the startup electric car company, which sold a grand total of fewer than 80,000 cars last year, was worth more than GM, which sold 80,000 Chevy Silverados every eight weeks. (Tesla's market cap edged below GM's on Tuesday.) Is this...
  • Tesla Overtakes GM as America’s Most Valuable Automaker

    04/10/2017 9:45:24 PM PDT · by Timpanagos1 · 65 replies
    Fortune ^ | 7/10/17
    For the first time in the era of the modern automobile, the most valuable U.S. car maker is not based in Detroit. Silicon Valley's Tesla (TSLA, +3.26%) overtook General Motors (GM, +0.77%) on Monday to become the U.S. car maker with the largest market capitalization as the century-old automobile industry increases its reliance on software and cutting-edge energy technology. That milestone is likely to be on the minds of Tesla Chief Executive Elon Musk and GM Chief Executive Mary Barra as they and other CEOs visit the White House on Tuesday to discuss tax reform and infrastructure with President Donald...
  • Nevada official says Tesla Gigafactory has over 1,000 workers and hiring 150-200 more each month

    02/19/2017 5:19:40 PM PST · by 2ndDivisionVet · 13 replies
    Teslarati ^ | February 19, 2017 | Carolyn Fortuna
    Head of the Nevada Governor’s Office of Economic Development says Tesla has hired more than 1,000 workers at its Gigafactory plant outside of Reno, and on pace to increase hiring by another 150 to 200 workers each month. Executive Director Steve Hill told the Senate Finance Committee last week during a budget review meeting that the California-based electric carmaker and energy company is ramping up hiring and expects the factory to have 3,200 workers by March 2018. “They’re hiring 150 to 200 more every month,” says Hill. News of Tesla’s workforce expansion comes on the heels of an independent audit...
  • Tesla worker: long hours, low pay and unsafe conditions

    02/10/2017 6:12:16 AM PST · by artichokegrower · 47 replies
    San Jose Mercury ^ | February 10, 2017 | Louis Hansen
    Disgruntled Tesla employees have reached out to the United Automobile Workers, claiming they work long hours for low pay under unsafe conditions while the electric vehicle company sets aggressive production deadlines. California lawmakers have also questioned Tesla for making its employees sign broad confidentiality agreements, which they say chill worker communications.
  • Bjorn Nyland Praises The Hyundai Ioniq Electric

    01/02/2017 3:47:00 PM PST · by 2ndDivisionVet · 11 replies
    Clean Technica ^ | December 31, 2016 | Steve Hanley
    Bjorn Nyland has just posted a glowing review of the Hyundai Ioniq Electric. Bjorn is a video blogger who has made an international reputation by creating videos about road trips he has taken in his Tesla Model S and Model X. In fact, creating content for this YouTube channel has become nearly a full time job for him. Earlier this year, he won a Tesla Model X in a Tesla referral contest by generating more Model S referrals than anyone else in the European area. Nyland is committed to the electric car lifestyle and is now branching out to cover...
  • Tesla, Panasonic agree to make PV cells in Buffalo, New York

    12/27/2016 7:34:48 AM PST · by Rennes Templar · 49 replies
    Yahoo News ^ | Dec. 27, 2016 | AP
    TOKYO (AP) — Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of photovoltaic cells and modules at a factory in Buffalo, New York. The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a "long-term purchase commitment" to Panasonic. Their statement gave no financial figures. The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The PV cells and modules it produces will be used in solar...
  • Elon Musk, Travis Kalanick join Trump's economic advisory team

    12/14/2016 2:31:57 PM PST · by KingofZion · 27 replies
    San Francisco Business Journal ^ | December 14, 2016 | Cromwell Schubarth
    Tesla CEO Elon Musk and Uber CEO Travis Kalanick were named Wednesday to President-elect Donald Trump's newly formed economic advisory board. The announcement was made separately from a meeting of tech leaders with Trump that Musk was attending. Kalanick is out of the country. They join IBM CEO Ginni Rometty as the only tech representatives so far named to Trump's Strategic and Policy Forum. The group will reportedly "be called upon to meet with the president frequently to share their specific experience and knowledge as the president implements his plan to bring back jobs and Make America Great Again." Benjamin...
  • Source: Twitter cut out of Trump tech meeting over failed emoji deal

    12/14/2016 1:57:41 PM PST · by ColdOne · 37 replies
    politico ^ | 12/14/16 | Nancy Scola
    Twitter was told it was "bounced" from Wednesday's meeting between tech executives and President-elect Donald Trump in retribution for refusing during the campaign to allow an emoji version of the hashtag #CrookedHillary, according to a source close to the situation. Twitter is one of the few major U.S. tech companies not represented at Wednesday afternoon's Trump Tower meeting attended by, among others, Apple's Tim Cook, Amazon's Jeff Bezos, Facebook's Sheryl Sandberg and Tesla's Elon Musk — an omission all the more striking because of Trump's heavy dependence on the Twitter platform. With some 17.3 million followers of his account, the...
  • Tesla is playing the tax subsidy game, and winning

    12/11/2016 8:47:50 AM PST · by artichokegrower · 4 replies
    Sacramento Bee ^ | December 9, 2016 | Dan Morain
    In the never-ending competition among states for jobs, Arizona stung California by enticing Lucid, a Menlo Park-based electric car company, to build its factory in Case Grande. But as Deana Carrillo has concluded, “Every company has its black box.” They all have internal reasons for coming, staying or departing for greener tax-subsidized pastures. Carrillo is executive director of the entity within Treasurer John Chiang’s office that goes by the unwieldy name of the California Alternative Energy and Advanced Transportation Financing Authority. The authority had offered a $44 million sales tax break to Lucid. However, the Arizona Commerce Authority offered $46.5...
  • Why A Hedge Fund Manager Thinks Tesla's Model 3 May Put Elon Musk Out of Business

    12/02/2016 4:14:07 PM PST · by DUMBGRUNT · 22 replies ^ | 2 Dec 2016 | Jen Wieczner
    In order to sell the Model 3 at as low a price as $35,000 and still make a profit, Tesla would have to cut its production costs by more than half.... Where will Tesla find all those savings? The company hasn’t said specifically, but Spiegel estimates that it can cut about $6,000 off the $81,000-per-car cost by using its new batteries produced at its so-called gigafactory (which also cost $5 billion to build), another $5,000 by using cheaper parts for the Model 3—substituting steel for aluminum, for example—and $5,000 on top of that by finding ways to make its manufacturing...
  • Android Malware Used to Hack and Steal a Tesla Car

    12/01/2016 10:12:18 PM PST · by Swordmaker · 15 replies ^ | November 25, 2016 | By Catalin Cimpanu
    By infecting a Tesla owner's phone with Android malware, a car thief can hack and then steal a Tesla car, security researchers have revealed this week. Previous attempts to hack Tesla cars attacked the vehicle's on-board software itself. This is how Chinese security researchers from Keen Lab have managed to hack a Tesla Model S last month, allowing an attacker to control a car from 12 miles away. Security experts from Norwegian security firm Promon have taken a different approach, and instead of trying complicated attacks on the car's firmware, they have chosen to go after Tesla's Android app...