Can a high-profile company led by a celebrity CEO come within two weeks of bankruptcy without anyone noticing? In early 2013, ...Tesla Motors came so close to running out of cash that its brash leader, Elon Musk, approached Google about buying the company, according to a new Musk biography. A surge in sales of the company’s pricey Model S sedan staved off disaster. Musk broke off the Google talks, no longer needing a white knight. And no one outside the two companies knew about it. — SF Gate
The Palo Alto, Calif., company outlined plans for a factory that would employ up to 6,500 people and cover as many as 1,000 acres, including solar and wind farms to supply its power needs. It is evaluating sites in Nevada, New Mexico, Arizona and Texas, Tesla said in a regulatory filing.
The proposed 10 million-square-foot facility would make the powerful and pricey lithium-ion batteries that power its Model S and future vehicles. — online.wsj.com
On its Tesla Blog, the company claims that "by the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per kWh cost of our battery pack by more than 30 percent."Is the electric car not so dead after all?See some slides from the...
SolarCity, the Silicon Valley solar installer, has quietly begun to offer some homeowners a lithium-ion battery pack made by electric carmaker Tesla to store electricity generated by their rooftop photovoltaic arrays. Stem, another Silicon Valley company, will sell or lease a $100,000, 54-kilowatt-hour battery pack to businesses so they can arbitrage the grid by storing electricity when rates are cheap and then using that energy when they’re high. — qz.com
Hyperloop is a new mode of transport that seeks to change this [transit] paradigm by being both fast and inexpensive for people and goods. Hyperloop is also unique in that it is an open design concept, similar to Linux. Feedback is desired from the community that can help advance the Hyperloop design and bring it from concept to reality. — Tesla Motors
CEO of Tesla Motors, Elon Musk, posted on the Tesla blog his proposal for an alternative to the California High-Speed Rail plan, the Hyperloop. The solar-powered transportation system is proposed to function somewhat like a pneumatic tube, where capsules of up to 28 passengers on air-bearings are...
We're trying to raise money to buy back Nikola Tesla's old laboratory, known as the Wardenclyffe Tower, and eventually turn it into a museum. — indiegogo.com
Tesla fans are celebrating the successful funding of their plan to buy back Tesla's laboratory. According to their website: Even though we've already hit our goal, I plan on letting the campaign run the full 45 days. Every extra penny we earn will go toward restoring the property, building...
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