Elon Musk has confessed, of course, again on Twitter, about the latest opportunity to solve Tesla’s own service car problems: the company wants to transform Mercedes vans. The idea of an electric van came up when Musk thought that Tesla now uses low-priced gasoline conventional powered transport services, while the brand almost declares that electromobilism is the future. Elon Musk made it clear that he saw the problem (contradiction even), but designing and presenting his own van was a distant goal. “The order of priority is: Model Y, solar roof tiles, pickups, Semi, Roadster,” Elon Musk wrote. At the same time, Musk also added that Tesla could order empty Sprinter bodywork from Daimler and adapt its own electric drive-trains to it, to get a larger range. Although Mercedes also manufactures an electric van – eVito is already available, and eSprinter will start manufacturing next year – the German propulsion system … [Read more...] about Elon Musk: Tesla and Mercedes could partner again for electric Sprinter
Elon musk solar roof
Mercedes-Benz eSprinter electric delivery van in GermanyOnly last month, Daimler CEO Dieter Zetsche revealed in an interview with Polish newspaper Rzeczpospolita that the company's 2014 divestiture of a stake in Tesla didn't exclude the possibility of a future cooperation between the two firms. Tesla CEO Elon Musk has since given similar comments, revealing via Twitter on Monday that a partnership involving the new Mercedes-Benz eSprinter was worth further investigation. “Maybe interesting to work with Daimler/Mercedes on an electric Sprinter,” Musk said. “That’s a great van. We will inquire.” He also revealed that the partnership could involve Tesla sourcing eSprinter vans from Mercedes, with the electric motors, battery and computer systems removed, referring to them as “gliders.” Tesla would then presumably install its own technology and tweak the styling of the exterior and cabin. When asked by a Twitter user why Tesla doesn't simply … [Read more...] about Elon Musk open to working with Daimler on electric van
Dana Hull, Keith Naughton and David Welch Bloomberg News Published 7:29 PM EDT Sep 28, 2018 It’s nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling. The agency accuses Musk, 47, of misleading investors with his infamous Aug. 7 tweets about taking Tesla private. The two sides reportedly came close to a settlement before Musk backed out and the SEC filed a complaint seeking to ban him from serving as a director or officer. That possibility, however remote, casts a pall on the final days of a rocky quarter and is likely to renew concerns about Tesla’s lack of an operating chief or other clear No. 2. This weekend was supposed to be one for celebratory milestones, with thousands of Model 3 sedans finally making their way to customers at delivery … [Read more...] about Prospect of Musk-less Tesla rattles markets
Tesla’s efforts to scale back its workforce will significantly impact its solar roof business. Its 9 percent staffing cut reportedly translates into the closing of roughly a dozen facilities in the United States. The company got into selling photovoltaic shingles after acquiring SolarCity for $2.6 billion. At the time, Tesla CEO Elon Musk, who previously served as chairman of SolarCity’s board of directors, called the purchase a “no brainer.” The theory was that the new business would be synergistic. Customers could accumulate energy through solar roofs, store it in a Tesla Powerwall, and use it to recharge their vehicle, power their home, or supplement their energy needs during peak hours. But earlier this month Tesla announced it was pulling those products out of stores and abandoning its partnership with Home Depot. Customers will now buy their solar energy products through Tesla stores and the company’s website. What happened? “In … [Read more...] about Tesla Closing Over a Dozen Solar Facilities; Dark Times Ahead?
DETROIT (AP) — Shareholders of electric car and solar panel maker Tesla Inc. have approved an ambitious pay package for iconic CEO Elon Musk that could net him more than $50 billion if he meets lofty milestones over the next decade. A company filing Wednesday with the Securities and Exchange Commission showed shareholders supported the pay deal by a large margin. Tesla says the all-or-nothing package is worth $2.6 billion at current stock values, but that would rise dramatically if Musk meets 12 incremental goals including raising the company’s market capitalization tenfold to $650 billion. Also included are targets to increase adjusted pretax income and revenue. If the goals are reached, Tesla would be fourth-most-valuable U.S. company and Musk would be among the richest people in the world. Two firms that evaluate proxies for investors recommend that shareholders vote against the pay plan, which they say is unprecedented in size for a U.S. public company. The firms, … [Read more...] about Elon Musk’s Tesla pay package could net him $50 billion