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+1 +1
Elon Musk Will Get a Big Reward if He Leads Tesla Until 2028
Tesla has dangled a big carrot on a stick in front of Elon Musk. The electric car firm announced a 10-year performance award program for its CEO on Tuesday, which pays out as long as Musk meets specific performance goals and remains in a high-level leadership position. The reward pays out in 12 stages, and each one depends on achieving both market cap growth and certain operational milestones. For each of the 12 stages, Musk will receive one percent of the company’s current total outstanding shares. Musk will receive the full payout if Tesla’s market cap grows to $650 billion, around $600 billion more than it is today.
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+21 +1
Tesla’s giant battery in Australia made around $1 million in just a few days
Tesla’s 100MW/ 129MWh Powerpack project in South Australia, the largest in the world for now, has been demonstrating its capacity over the last few weeks since going into operation last month. But now the system is showing its potential to be highly profitable by making an estimated $1 million AUD (~$800,000 USD) in just a few days. The Powerpack system built by Tesla and operated by Neoen as part of their nearby wind farm is used on two different levels.
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+19 +1
Elon Musk will make driverless cars a reality sooner than you think
Elon Musk has promised the world that a completely automated Tesla will be available by the end of 2018. Although other companies revise their estimates for self-driving vehicles in the consumer market - Waymo has pushed its date back to 2020, for instance - Musk is being coy. He'll have it ready even sooner.
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+15 +1
Tesla loses one of its most senior engineers and director of manufacturing
As Tesla is working to ramp up Model 3 production after delaying its 5,000 units per week target by ~6 months, we now learn that the company lost two manufacturing engineers, including a 12-year veteran at the company. Jalopnik reported that both Jason Mendez, senior director for manufacturing engineering, and Will McColl, senior manager for equipment engineering, both left the automaker in recent weeks.
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+20 +1
OpenAI, Musk's non-profit that aims to develop safe AI, signaling expansion
"Free from financial obligations, we can better focus on a positive human impact. We believe AI should be an extension of individual human wills and, in the spirit of liberty, as broadly and evenly distributed as possible."
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+28 +1
Tesla faces fresh Norway lawsuit over false advertising
Nearly 80 Tesla owners in Norway have sued the US automaker over misleading advertising, saying their electric car did not deliver the promised performance, Norwegian daily Dagens Naeringsliv (DN) reported on Thursday. The plaintiffs complained that the real power of their Tesla S P85D, a sedan with one of the fastest accelerations in the world, was 469 horsepower and not 700 horsepower as promised by the manufacturer.
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+23 +1
Tesla's South Australian super battery beats expectations for first month
It’s just over one month since the Hornsdale power reserve was officially opened in South Australia. The excitement surrounding the project has generated acres of media interest, both locally and abroad. The aspect that has generated the most interest is the battery’s rapid response time in smoothing out several major energy outages that have occurred since it was installed.
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+21 +1
Elon Musk Shares Incredible Video of Tesla Model X Pulling a Truck in Snow
The Tesla Model X is a serious performer. On Friday, CEO Elon Musk shared a video on his Twitter page of the company’s all-electric sports utility vehicle pulling a semi truck in the snow. Yep, that’s right. The video, shared by Musk via Electrek, showed a truck stuck in Raleigh, North Carolina, on Wednesday, where blistering cold lows of 10 degrees Fahrenheit brought as much as six inches of snow. Model X owner Ben Spreen, filmed by his friend Kyle Connor, pulled the truck up to the top of the incline.
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+17 +1
Tesla finally releases automatic sensing wiper update, but “in beta”
It was long-promised and some were skeptical when CEO Elon Musk said it was coming “very soon” last week, but Tesla finally delivered what we called ‘its most requested feature’‘; automatic sensing windshield wipers. But the feature is “in beta.” It’s an overdue feature that comes as a gift to Tesla owners with Autopilot 2.0+ vehicles for the new year today with the software update 2017.50.3.
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+26 +1
Elon Musk confirms Tesla pickup truck coming ‘after Model Y’
After some confusion over Tesla’s plan to build an electric pickup truck at the Tesla Semi event last month, CEO Elon Musk now confirms that a Tesla pickup truck is coming “right after …
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+17 +1
Tesla becomes most popular automaker in Norway, where 32% of new cars are electric
Tesla becomes the new market leader in Norway, the country which holds more than 10% of electric cars. More than 1,860 Tesla vehicles have been registered in Norway this December with a week left in the quarter. It is to be noted that Tesla sold just 690 vehicles in December 2016. Norway is by far the is the world leader in electric cars and there is no surprise in Tesla dominating the market, experts say.
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+19 +1
Elon Musk's massive backup battery took just 140 milliseconds to respond to crisis at power plant
Elon Musk's massive backup battery installed in South Australia now holds another record – one for coming into action within a matter of milliseconds. Last week, when the coal-fired Loy Yang power plant in Victoria failed leading to a power cut, Musk's behemoth of a battery kicked in and delivered as much as 100 megawatts of juice into the national electricity grid in just 140 milliseconds.
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+28 +1
Tesla is largely to blame for the slide in US home solar sales, report finds
After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research. The reason? An analysis of installation data suggests that most of the slowdown is traceable to a single company: Tesla, which acquired sister company SolarCity about a year ago.
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+1 +1
PepsiCo reserves 100 Tesla Semis, likely at $20,000 a pop
Big manufacturers, distributors in the US look to slash emissions profiles.
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+27 +1
Tesla deploys 6 battery projects in order to power two islands in Puerto Rico, more to come
As part of Tesla’s continuous effort to deploy energy storage systems in Puerto Rico following their power issues after being ravaged by hurricanes, the local government has now announced that the company will deploy 6 new battery projects on two Puerto Rican islands. Several additional larger scale projects are also reportedly in the works.
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+12 +1
Build fast, fix later: speed hurts quality at Tesla, some workers say
After Tesla’s Model S sedans and Model X SUVs roll off the company’s Fremont, California assembly line, the electric vehicles usually make another stop - for repairs, nine current and former employees have told Reuters.
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+21 +1
Elon Musk has finished building the world's biggest battery in less than 100 days
Elon Musk looks to have delivered on his promise to build the biggest lithium ion battery in the world in an effort to help South Australia with its crippling energy problems. “100 days from contract signature or it’s free,” Musk tweeted at the time, in a deal initially negotiated over Twitter. Musk is well ahead of schedule (a rarity for Tesla!), with the 100MW battery set to be energised and tested in the coming days, according to a press release from the local state government.
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+1 +1
World's most powerful lithium ion battery finished in SA
Tesla has completed construction of its giant lithium ion battery, described as the world's most powerful, with testing expected in coming days ahead of a December 1 operation deadline. The array of Tesla Powerpack batteries has been installed alongside French company Neoen's Hornsdale windfarm near Jamestown in South Australia's Mid North region.
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+1 +1
Loblaw Orders 25 Tesla All-Electric Semis
Loblaw is electrifying its fleet of transportation vehicles with a batch of Tesla Semis, the company’s recently unveiled battery-powered truck. The Canadian grocery chain said it pre-ordered 25 of Tesla’s trucks on Friday, according to the Canadian Press. Each Semi requires a $5,000 USD reservation fee upfront, although the total price of the trucks has yet to be disclosed. Tesla CEO Elon Musk said he expects the first Semis to enter production sometime in 2019.
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+24 +1
Walmart says it’s preordered 15 of Tesla’s new semi trucks
Hot on the heels of Tesla’s big event last night, Walmart says it has preordered 15 of the electric automaker’s new semi trucks, according to CNBC. The deal was likely in the works before Tesla unveiled its new truck to the public, but interest from the world’s biggest retailer in battery-powered transport is still a huge boost of confidence for Elon Musk and his mission to electrify the industry.
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