From Reuters SAN FRANCISCO/BOSTON (Reuters) – Elon Musk replied with a Tweet saying: “This is incorrect” after the Financial Times reported that outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc chairman. News Corp Deputy Chief Operating Officer James Murdoch attends the Allen & Co Media Conference in Sun Valley,
From Quartz To watch a self-driving car park itself seems like magic. Pull back the curtain, it’s a lot messier. Cars mistake snowflakes for obstacles, lose lane markings, and miss cars on the side of the road. Engineers are racing to make cars perform better than humans, with the aim of saving millions of lives each year. Human error is to blame for
From FreightWaves On Tuesday, Elon Musk tweeted that he was considering taking Tesla Motors (NASDAQ: TSLA) private at $420 per share, an overall valuation of $82B, which would make the electric car maker the most valuable private company in the world. In a subsequent post on Tesla’s blog, Musk clarified his thinking: “As a public company, we are subject to
From Bloomberg Elon Musk has six days to make good on his pledge that Tesla Inc. will be pumping out 5,000 Model 3 sedans a week by the end of the month. If he succeeds, it may be thanks to the curious structure outside the company’s factory. It’s a tent the size of two football fields that Musk calls “pretty
From REneweconomy The Tesla big battery in South Australia has already taken a 55 per cent share in the state’s frequency and ancillary services market, and lowered prices in that market by 90 per cent, new data has shown. The stunning numbers on the economics of the country’s first utility-scale battery were presented at the Australian Energy Week conference in
Some see risk of running out of cash in 2018 From Bloomberg Tesla has spent $10,942 since you started reading this story. The company that Elon Musk built to usher in the electric-car future might not have enough cash to make it through the calendar year. The anxieties that lurk beneath the tremendous ambition of Tesla Inc. moved into the forefront
Last week, Oslo’s Nel ASA (ticker: NEL) reported it had received a $5.5 million purchase order from Salt Lake City’s Nikola Motor Company. It sounds like the normal course of business, except when you consider the order from the Utah-based semi-truck manufacturer was responding to a bump in demand for its hydrogen electric over-the-road trucks. Nel Hydrogen is a manufacturer
No manufacturer ever wants to experience production problems, especially a high-profile disruptor like Tesla Inc. (ticker: TSLA). Nonetheless, Tesla reported that it delivered 1,550 Model 3s in Q4 2017. In the last seven working days of Q4, Tesla cranked out 793 Model 3s and the company expects to reach a production rate of 5,000 per week by the end of
Tesla says pulling an 80,000 pound load, its tractor/trailer will do 0-to-60 in 20 seconds, climb 5% grades at 65 mph; first trucks targeting availability in 2019 Tesla has posted the price point for its coming semi-truck at $150,000 for the 300-mile-range base model, $180,000 for the 500-mile-range model, and $200,000 for the “Founder’s Series.” The world of Elon Musk
Poor air quality driving European cities against diesel At the December C40 meeting in Mexico, the mayors of Paris, Mexico City, Madrid and Athens announced that they will stop the use of all diesel-powered cars and trucks by the middle of the next decade. The leaders of those cities are worried about diesel’s impact on air quality. BBC reports that leaders
CNG fueling stations are sprouting up at transit facilities and truck stops, but over-the-road electric trucks loaded with technology, creative leases, battery swapping and free fuel are coming to U.S. on-ramps Last week, Pennsylvania’s Governor Tom Wolf celebrated the opening of the first of 29 compressed natural gas (CNG) fueling stations planned as part of a Public Private Partnership in his
Luxury electric car maker goes to the trough for another billion dollars, sells 5% of company to Chinese Internet giant “We are planning to produce 500,000 total vehicles in 2018, which is approximately double our prior growth plan” Shares of Tesla Inc. (ticker: TSLA) pierced the $300 threshold in morning trading today, trading midday at about $303. Tesla’s perceived value
