Tesla is credited with popularizing solar panels and batteries through its SolarCity division and rebranding electric vehicles as a sleek, sexy status symbol with a fleet of high-priced and speedy sedans and roadsters. That praise belies the reality that China’s electric car market, primarily serviced by Chinese manufacturers and spurred by Chinese regulations, is growing twice as fast as in the U.S. China is already the world’s biggest auto market, meaning that carmakers’ rush to build more electric cars ― far from being a bid to rival Tesla, as the narrative often goes ― is aimed at competing for Chinese buyers. … [Read more...] about Elon Musk Has Donated Nearly 7 Times As Much To Republicans This Cycle
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Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
Elon Musk acknowledged Sunday that Tesla, at its current production rate, would “lose money and die” if it sold Model 3 mass-market sedans at the promised price of $35,000. Despite Tesla’s Model 3 website still stating that it “achieves 220 miles of range while starting at only $35,000 before incentives;” CEO Elon Musk took to Twitter to acknowledge that the company would go bankrupt if it tried to ship starting price units before reaching a minimum production rate above 5,000 units per week. … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
Tesla secret lab is building batteries of the future
Per the report, those in Tesla's battery R&D teams are currently focused on creating a prototype of an advanced lithium ion battery cells system. The company is also said to be creating equipment that would eventually help Tesla to produce the cells in high volume. … [Read more...] about Tesla secret lab is building batteries of the future
What the Home Battery Could Mean for Africa
The African continent is revolutionizing itself as the place where no infrastructure is no problem. This began in the telecommunications field: Africa lacks a robust system of landlines, which traditionally enable better access to desktop computers, online services, and financial institutions. But the emergence of cellular telephony has allowed individuals across Africa to bypass this infrastructure deficiency. Today, the Pew Research Center estimates that over two-thirds of Africans own cell phones, with adoption nearing 90% in some countries. Now, Africa may be on the path to revolutionizing itself in a second field: electricity. Decentralized energy storage options, like those announced by Tesla, General Electric, Samsung, LG Chem, and others, could play a significant role in enabling that revolution. … [Read more...] about What the Home Battery Could Mean for Africa
As Tesla Fights to Make Profit, Wall Street Has Concerns
The company spent slightly more than $1 billion in the first three months of this year to cover the cost of manufacturing its cars, salaries for its sales staff, equipment and other business expenses. That spree left Tesla with $2.7 billion in cash at the end of March. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns
