LA to NYC without a single touch thanks to sonar, radar, 8 surround cameras, sensors and a “supercomputer in the car” Electric vehicle maker Tesla announced this week that all of its vehicles currently in production are being equipped with the hardware that will allow every car to have self-driving capability, which the company described as “full autonomy.” “As of
From Utility Dive Oppenheimer analyst Colin Rusch believes Tesla will need about $12.5 billion in cash between now and 2018 in order to successfully fund its merger with SolarCity, CNBC reports. Tesla CEO Elon Musk has denied it will need to raise capital in the near term, with its most recent equity offering raising $1.5 billion. In June, Tesla made an offer for all
From The Tesla Team June 21, 2016 Tesla’s mission has always been tied to sustainability. We seek to accelerate the world’s transition to sustainable transportation by offering increasingly affordable electric vehicles. And in March 2015, we launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage. It’s now time
“My desk is at the end of the production line.” As CEOs go, there is not much about Elon Musk that is orthodox. Example: Tesla Motors’ (ticker: TSLA) Q1 conference call took place this week. Musk held the Tesla call at 5:30 p.m. Eastern time, bucking a generally adopted morning conference call tradition embraced by a majority of public companies.
$325 million from Model 3 deposits alone In February of 2016, Tesla Motors announced that the company would soon be unveiling a new model of electric car, the Model 3. The grand unveiling came on March 31st with dedicated Tesla fans lining up at dealerships to preorder the vehicle before it was even officially unveiled. Biggest one-week launch of any product
Renewable Energy vs. Fossil Fuels: Sprint or Cross Country? Last week Tesla Motors’ (ticker: TSLA) innovation-infused CEO Elon Musk unveiled the latest offering from the all-electric auto maker: a new home battery. This battery is an enlarged version of the battery used in Tesla electric cars and would be placed in homes to store electrical energy. The benefit of this
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