Elon musk solarcity

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

Aug 14, 10:48 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Supantha Mukherjee 08/14/18 AT 10:14 AM Tesla Inc’s board (TSLA.O) named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.Musk said on Monday he was in talks with a Saudi sovereign fund for taking the electric car maker private. He later tweeted he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan.The special committee is composed of independent directors Brad Buss, Robyn Denholm and Linda Johnson Rice.Buss served as chief financial officer of solar panel installer SolarCity for two years before retiring in 2016. Tesla bought SolarCity that year. Denholm, the first woman to join Tesla’s board, is chief … [Read more...] about Tesla Forms Three-Member Panel To Look At Any Musk Deal

(Reuters) - Tesla Inc said on Wednesday its board is evaluating Chief Executive Elon Musk's idea of taking the company private after he brought the matter up for discussion last week. Musk took Tesla shareholders and the stock market by surprise on Tuesday by announcing on Twitter he was considering taking the loss-making electric car-maker private at $420 (325.4 pounds) a share. In his first tweet he said funding was secured but provided no details. That would mark the biggest such transaction in history, worth more than $70 billion (54.2 billion pounds). In a statement on Tesla's website on Wednesday, six of Tesla's nine directors said the board had met several times over the last week to discuss the idea and was "taking the appropriate next steps to evaluate this." They said the board also addressed the issue of how to fund such a deal, but gave no details. Tesla's shares were down slightly at $377.38 (292.4 pounds) in morning trading on Wednesday after closing up 11 percent at … [Read more...] about Tesla board evaluating CEO Musk’s idea to take company private

After experiencing explosive growth in Massachusetts and elsewhere and driving the creation of new jobs and infrastructure, unresolved restrictions on “net metering” threaten to slam the brakes on considerable gains made by the solar power industry.  Legislative options have foundered in Massachusetts, creating uncertainty for the nascent industry.Solar power has experienced a tremendous growth spurt over the past several years, driven by decreasing costs, better financing options, and a variety of incentive programs.  Massachusetts has a goal of installing 1,600 megawatts of solar power by 2020.  More than 850 megawatts are already installed, which is similar in capacity to a typical coal-fired power plant.  According to the Massachusetts Clean Energy Center, the solar industry has already created about 12,000 jobs in Massachusetts.  The broader clean energy sector is valued at more than $11 billion annually and employs about 99,000 people in … [Read more...] about Net Metering Uncertainty Threatens to Disrupt Explosive Growth of Solar Power

By Salvador Rodriguez and Nichola Groom SAN FRANCISCO/LOS ANGELES (Reuters) - Tesla Inc’s <TSLA.O> production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. Repeated hold-ups since the Buffalo, New York plant opened last year have forced Tesla's partner in the joint venture, Panasonic <6752.T>, to seek other buyers for the components it had built to sell to Tesla, according to a Panasonic employee, a former Panasonic employee and a former Tesla employee. The issues have also rattled the faith of state officials in Tesla's ability to deliver on investment and employment promises it made in exchange for $750 million (£579.73 million) in state subsidies. The production challenges add to doubts over Tesla's cash-strapped solar operations as it focuses on … [Read more...] about Inside Tesla’s troubled New York solar factory