Elon musk battery

POLITICS 07/17/2018 05:45 pm ET Updated 0 minutes ago The billionaire “climate hero” has given nearly $90,000 to a party whose members largely dismiss climate science. By Chris D'Angelo and Alexander C. Kaufman Billionaire tech entrepreneur Elon Musk, a man widely hailed as a world leader in the fight to combat climate change, has doled out nearly 7 times as much cash to Republican campaigns and political committees this election cycle as he has to Democratic ones. Since the start of 2017, the CEO of Tesla and SpaceX has personally contributed $88,900 to Republicans, while he gave those on the other side of the aisle $13,300, according to a HuffPost review of Federal Election Commission data. Musk came under fire this week after Salon first reported that he’d donated $38,900 to Protect the House, a GOP political action committee focused on maintaining Republican control of the House. The June contributions puts him among the PAC’s top … [Read more...] about Elon Musk Has Donated Nearly 7 Times As Much To Republicans This Cycle

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. Tesla began taking $1,000 reservations in March 2016 for its first mid-size all-electric-vehicle with a basic battery range of 215 miles. Within a week, the Tesla announced it had over 325,000 paid reservations. A year later, the number of paid Model 3 deposits indicated about 600,000 reservations. Musk tweeted just before Tesla’s July 28, 2017 “Handover Party” for the first 30 Model 3 vehicles that he was confident the company … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’

Elon Musk's Tesla is set to become an independent company that won't be reliant on other brands when it comes to the production of its batteries.According to CNBC, the electric vehicle firm is poised to create its own battery cells and that the firm is currently building the means to manufacture it. The information is said to have come from current and former employees.At present, Tesla relies on Panasonic when it comes to the production of its battery cells. The partnership, which was inked back in 2014, proved to be an expensive deal for the EV brand. The battery cells of Tesla covers a significant portion of the cost of every vehicle so manufacturing its own can help cut the cost.Aside from cost control, having its own battery pack and battery cells could result in better performance among Tesla vehicles since it can fully apply the technology that Musk's company intends its vehicles to have. Per research by IHS Markit, the battery system of an electric car comprises the main cost … [Read more...] about Tesla secret lab is building batteries of the future

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.Currently, Africa’s energy situation mirrors its former telecommunications situation. Over 600 million people live without access to electricity in … [Read more...] about What the Home Battery Could Mean for Africa

Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for electric cars has also earned him a faithful following. But now Wall Street is taking a more practical tone, increasingly questioning whether Musk can turn Tesla profitable as it burns through piles of cash and racks up debt. The company may ultimately be forced to sell new shares of its stock or take on more debt just to make it through the year. Shares in the electric car company slumped 5.5 percent Thursday, a day after it reported its first-quarter results and Musk's remarks during an analyst conference call that left many investors scratching their heads. The stock recouped some of its losses Friday, closing up 3.4 percent at $294.09. Tesla shares are still up more than fourfold over the last five … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns