Tesla could get bought out by a tech giant like Apple: Fund manager

Tesla will likely get bought by a tech company, analyst says 8 Hours Ago | 02:44Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager. Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition. “It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told C


Tesla will likely get bought by a tech company, analyst says 8 Hours Ago | 02:44Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager. Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition. “It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told C
Tesla could get bought out by a tech giant like Apple: Fund manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne, troy harvey, bloomberg, getty images
Keywords: news, cnbc, companies, lait, apple, teslas, bought, fund, manager, investment, giant, valued, warranted, tech, tesla, analyst, technology


Tesla could get bought out by a tech giant like Apple: Fund manager

Tesla will likely get bought by a tech company, analyst says 8 Hours Ago | 02:44

Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager.

Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition.

“It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told CNBC’s “Squawk Box Europe.”

“It’s already got it’s own operating system, it’s got its own technology, it’s got a great brand,” he noted, adding that Tesla’s technology could “potentially” be integrated into another player’s product.

Referring to last year’s take-private episode, the analyst said that he doubted an investor like Saudi Arabia’s sovereign investment fund would the best buyer for Tesla.

“I don’t see the industrial logic for that,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne, troy harvey, bloomberg, getty images
Keywords: news, cnbc, companies, lait, apple, teslas, bought, fund, manager, investment, giant, valued, warranted, tech, tesla, analyst, technology


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Tesla replaces general counsel Dane Butswinkas after two months

Tesla is replacing its general counsel, Dane Butswinkas, the company said Wednesday. It is yet another executive departure for Tesla, which has seen a great deal of turnover in its ranks over the last several years. “I’m grateful for the opportunity over the past seven months to have worked with both Elon and Tesla, first as outside counsel and most recently as General Counsel at Tesla. I am returning to my home in Washington, DC and to my trial practice at Williams & Connolly,” Butswinkas said.


Tesla is replacing its general counsel, Dane Butswinkas, the company said Wednesday. It is yet another executive departure for Tesla, which has seen a great deal of turnover in its ranks over the last several years. “I’m grateful for the opportunity over the past seven months to have worked with both Elon and Tesla, first as outside counsel and most recently as General Counsel at Tesla. I am returning to my home in Washington, DC and to my trial practice at Williams & Connolly,” Butswinkas said.
Tesla replaces general counsel Dane Butswinkas after two months Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, months, teslas, counsel, company, outside, practice, butswinkas, recently, replaces, dane, person, tesla, general, washington


Tesla replaces general counsel Dane Butswinkas after two months

Tesla is replacing its general counsel, Dane Butswinkas, the company said Wednesday. Jonathan Chang, Tesla’s current vice president of legal, will take over Butswinkas’ position, effective Wednesday.

It is yet another executive departure for Tesla, which has seen a great deal of turnover in its ranks over the last several years. Most recently, CFO Deepak Ahuja said he will be leaving the company, after serving his second stint with the electric car maker.

This is likely more evidence that Tesla is not a company for everyone and that Elon Musk is a tough boss, said Gene Munster, managing partner at Loup Ventures.

“He’s in a one in a billion type of person,” Munster said. “And this is yet further evidence. And I think that is the biggest challenge that the company has — retaining top talent.”

Chang, who is 40 years old, has been with Tesla for eight years. He most recently oversaw legal issues relating to securities, mergers and acquisitions, real estate, compliance, and sales in the U.S. and Europe, Tesla said. He has been involved in Tesla’s efforts to overturn state laws prohibiting the direct sale of cars to customers across the United States. He will report directly to CEO Musk.

Tesla shares were down nearly 1 percent midmorning Thursday.

“I’m grateful for the opportunity over the past seven months to have worked with both Elon and Tesla, first as outside counsel and most recently as General Counsel at Tesla. I am returning to my home in Washington, DC and to my trial practice at Williams & Connolly,” Butswinkas said. “I look forward to continuing my work with Tesla in an outside counsel role. I have observed and have tremendous confidence in Jonathan’s leadership skills and in the Tesla team. When I joined the company, I said it would be hard to identify a more timely or essential mission than Tesla’s—that’s as true today as it was then.”

Butswinkas left after just two months on the job. A person familiar with the matter said he was not a good cultural fit with Tesla and wanted to return to his family and law practice in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, months, teslas, counsel, company, outside, practice, butswinkas, recently, replaces, dane, person, tesla, general, washington


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Tesla could get bought out by a tech giant like Apple: Fund manager

Tesla will likely get bought by a tech company, analyst says 9 Hours Ago | 02:44Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager. Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition. “It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told C


Tesla will likely get bought by a tech company, analyst says 9 Hours Ago | 02:44Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager. Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition. “It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told C
Tesla could get bought out by a tech giant like Apple: Fund manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne, troy harvey, bloomberg, getty images
Keywords: news, cnbc, companies, lait, apple, teslas, bought, fund, manager, investment, giant, valued, warranted, tech, tesla, analyst, technology


Tesla could get bought out by a tech giant like Apple: Fund manager

Tesla will likely get bought by a tech company, analyst says 9 Hours Ago | 02:44

Tesla is fairly valued to get bought out, and a tech giant like Apple is the strongest candidate to pitch a takeover bid, according to one fund manager.

Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla’s $52.5 billion market value warranted an acquisition.

“It’s quite possibly going to get bought out for that valuation because it represents what that is,” Lait told CNBC’s “Squawk Box Europe.”

“It’s already got it’s own operating system, it’s got its own technology, it’s got a great brand,” he noted, adding that Tesla’s technology could “potentially” be integrated into another player’s product.

Referring to last year’s take-private episode, the analyst said that he doubted an investor like Saudi Arabia’s sovereign investment fund would the best buyer for Tesla.

“I don’t see the industrial logic for that,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne, troy harvey, bloomberg, getty images
Keywords: news, cnbc, companies, lait, apple, teslas, bought, fund, manager, investment, giant, valued, warranted, tech, tesla, analyst, technology


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Tesla doesn’t have enough of the batteries that can power your home

A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter. Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwal


A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter. Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwal
Tesla doesn’t have enough of the batteries that can power your home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: todd haselton, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, vehicle, teslas, batteries, powerwall, website, power, doesnt, energy, suppliers, production, tesla, solar


Tesla doesn't have enough of the batteries that can power your home

A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install.

This isn’t due to lack of demand. Instead, the study suggested over 55 percent of solar installers reported that customers looking for in-home batteries are specifically requesting a Powerwall, which stores energy from solar panels and allows a home to operate entirely off of the grid, even if the power goes down.

Tesla is selective in which suppliers are able to sell its Powerwall products, however, and it certifies the ones who do. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter.

Tesla recommends that a 2,200-square-foot home have at least two Powerwalls, which costs about $14,500 before installation costs. Customers can place reservations on Tesla’s website for $500, but that means the Powerwalls need to be ordered separately from the companies doing solar panel installations.

Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwall production lines to vehicle battery lines. Tesla said it has since added additional capacity to its Powerwall production lines.

CNBC reported in January 2018 that Tesla was still manually assembling batteries, at times borrowing employees from Panasonic and causing delays for the company’s Model 3 vehicle.

“A new manufacturing line made by Tesla Grohmann is further increasing production of Powerwall and Powerpack modules at Gigafactory 1,” Tesla said in its Q4 shareholder letter. “With a better supply of cells and new manufacturing equipment, we are aiming to more than double energy storage deployments to over 2 GWh in 2019. Through various operational efficiencies, our average sale-to-installation time also decreased by about 50% in 2018.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: todd haselton, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, vehicle, teslas, batteries, powerwall, website, power, doesnt, energy, suppliers, production, tesla, solar


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Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou


Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou
Elon Musk: Tesla will have all its self-driving car features by the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year.

The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla’s automated driver assistance system Autopilot has garnered both positive attention for the sophistication of its features and negative attention for its association with a number of high-profile accidents.

“I think we will be feature complete — full self-driving — this year,” Musk said. “Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark.”

This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call.

“However,” he added, “people sometimes will extrapolate that to mean now it works with 100 percent certainty, requires no observation, perfectly. This is not the case.”

In addition, the speed at which the technology makes it into the hands of customers depends on what regulators will allow, Musk added.

However within two years, the technology ought to be there for cars to operate without any help from a driver at all.

“My guess as to when we would think it is safe for somebody to essentially fall asleep and wake up at their destination? Probably towards the end of next year,” he said. “That is when I think it would be safe enough for that.”

Tesla was not immediately available for comment.

ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. The firm has a famously high $4,000 price target on the stock, but recently sold a portion of its share in the company.

One of its flagship ETFs has reduced its share in Tesla, though the stock remains one of ARK Invest’s top holdings across several funds.

— CNBC’s Lora Kolodny and Eric Rosenbaum contributed to this story.

WATCH:Elon Musk’s big ambitions may be killing Tesla


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


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Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou


Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou
Elon Musk: Tesla will have all its self-driving car features by the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year.

The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla’s automated driver assistance system Autopilot has garnered both positive attention for the sophistication of its features and negative attention for its association with a number of high-profile accidents.

“I think we will be feature complete — full self-driving — this year,” Musk said. “Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark.”

This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call.

“However,” he added, “people sometimes will extrapolate that to mean now it works with 100 percent certainty, requires no observation, perfectly. This is not the case.”

In addition, the speed at which the technology makes it into the hands of customers depends on what regulators will allow, Musk added.

However within two years, the technology ought to be there for cars to operate without any help from a driver at all.

“My guess as to when we would think it is safe for somebody to essentially fall asleep and wake up at their destination? Probably towards the end of next year,” he said. “That is when I think it would be safe enough for that.”

Tesla was not immediately available for comment.

ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. The firm has a famously high $4,000 price target on the stock, but recently sold a portion of its share in the company.

One of its flagship ETFs has reduced its share in Tesla, though the stock remains one of ARK Invest’s top holdings across several funds.

— CNBC’s Lora Kolodny and Eric Rosenbaum contributed to this story.

WATCH:Elon Musk’s big ambitions may be killing Tesla


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


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Elon Musk says Tesla won’t be getting involved with cryptocurrency

Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered a


Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered a
Elon Musk says Tesla won’t be getting involved with cryptocurrency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kate rooney, aly song
Keywords: news, cnbc, companies, money, value, electric, paper, elon, getting, bitcoin, wont, teslas, cryptocurrency, vehicles, transfer, tesla, wood, involved, musk


Elon Musk says Tesla won't be getting involved with cryptocurrency

Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies.

The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. But not for Tesla.

“Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto,” Musk told Cathie Wood of ARK Invest, which has holdings in the electric car company.

The Tesla founder tweeted about bitcoin in October 2018, sparking speculation by bitcoin fans on social media that it was more than just a joke. Musk assured Wood that the comment was tongue in cheek, and said his account got temporarily suspended because “there’s some automatic rule about selling bitcoin.”

“I was just joking,” Musk said.

Bitcoin gained mainstream notoriety and an enthusiastic group of investors at the end of 2017 as it soared to almost $20,000. The price has dropped more than 80 percent since, and was trading near $3,900 on Tuesday, according to data from CoinDesk.

Musk highlighted bitcoin’s ability to bypass currency controls and replace paper versions. But he also pointed to flaws, including the energy involved with “mining.” To create new bitcoin, people use high-powered computers to solve a complex math problem. The winner receives one bitcoin.

“Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. “It’s very energy intensive to create bitcoin at this point.”

The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered around Tesla’s future in automation and electric vehicles. Musk said he expects the company will have the technology needed to essentially operate vehicles without drivers by the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kate rooney, aly song
Keywords: news, cnbc, companies, money, value, electric, paper, elon, getting, bitcoin, wont, teslas, cryptocurrency, vehicles, transfer, tesla, wood, involved, musk


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Elon Musk says Tesla won’t be getting involved with cryptocurrency

Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered a


Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered a
Elon Musk says Tesla won’t be getting involved with cryptocurrency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kate rooney, aly song
Keywords: news, cnbc, companies, money, value, electric, paper, elon, getting, bitcoin, wont, teslas, cryptocurrency, vehicles, transfer, tesla, wood, involved, musk


Elon Musk says Tesla won't be getting involved with cryptocurrency

Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies.

The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released Tuesday. But not for Tesla.

“Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto,” Musk told Cathie Wood of ARK Invest, which has holdings in the electric car company.

The Tesla founder tweeted about bitcoin in October 2018, sparking speculation by bitcoin fans on social media that it was more than just a joke. Musk assured Wood that the comment was tongue in cheek, and said his account got temporarily suspended because “there’s some automatic rule about selling bitcoin.”

“I was just joking,” Musk said.

Bitcoin gained mainstream notoriety and an enthusiastic group of investors at the end of 2017 as it soared to almost $20,000. The price has dropped more than 80 percent since, and was trading near $3,900 on Tuesday, according to data from CoinDesk.

Musk highlighted bitcoin’s ability to bypass currency controls and replace paper versions. But he also pointed to flaws, including the energy involved with “mining.” To create new bitcoin, people use high-powered computers to solve a complex math problem. The winner receives one bitcoin.

“Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons,” Musk said. “It’s very energy intensive to create bitcoin at this point.”

The bulk of Musk’s conversation with Wood and ARK Invest analyst Tasha Keeney centered around Tesla’s future in automation and electric vehicles. Musk said he expects the company will have the technology needed to essentially operate vehicles without drivers by the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kate rooney, aly song
Keywords: news, cnbc, companies, money, value, electric, paper, elon, getting, bitcoin, wont, teslas, cryptocurrency, vehicles, transfer, tesla, wood, involved, musk


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Tesla doesn’t have enough of the batteries that can power your home

A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter. Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwal


A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter. Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwal
Tesla doesn’t have enough of the batteries that can power your home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: todd haselton, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, vehicle, teslas, batteries, powerwall, website, power, doesnt, energy, suppliers, production, tesla, solar


Tesla doesn't have enough of the batteries that can power your home

A new study published by EnergySage and the North American Board of Certified Energy Practitioners has found that just 12 percent of solar panel installers in the U.S. have Tesla Powerwall in-home batteries to install.

This isn’t due to lack of demand. Instead, the study suggested over 55 percent of solar installers reported that customers looking for in-home batteries are specifically requesting a Powerwall, which stores energy from solar panels and allows a home to operate entirely off of the grid, even if the power goes down.

Tesla is selective in which suppliers are able to sell its Powerwall products, however, and it certifies the ones who do. A majority of its sales comes from Tesla’s website instead of through suppliers, Tesla said in its Q3 shareholder letter.

Tesla recommends that a 2,200-square-foot home have at least two Powerwalls, which costs about $14,500 before installation costs. Customers can place reservations on Tesla’s website for $500, but that means the Powerwalls need to be ordered separately from the companies doing solar panel installations.

Tesla CEO Elon Musk explained during the company’s earnings call in January that Tesla was “cell-starved for vehicle production” and had to switch its Powerwall production lines to vehicle battery lines. Tesla said it has since added additional capacity to its Powerwall production lines.

CNBC reported in January 2018 that Tesla was still manually assembling batteries, at times borrowing employees from Panasonic and causing delays for the company’s Model 3 vehicle.

“A new manufacturing line made by Tesla Grohmann is further increasing production of Powerwall and Powerpack modules at Gigafactory 1,” Tesla said in its Q4 shareholder letter. “With a better supply of cells and new manufacturing equipment, we are aiming to more than double energy storage deployments to over 2 GWh in 2019. Through various operational efficiencies, our average sale-to-installation time also decreased by about 50% in 2018.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: todd haselton, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, vehicle, teslas, batteries, powerwall, website, power, doesnt, energy, suppliers, production, tesla, solar


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Fire at Tesla factory in Fremont contained, won’t impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p


A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p
Fire at Tesla factory in Fremont contained, won’t impact production Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


Fire at Tesla factory in Fremont contained, won't impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside.

While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times.

Tesla confirmed that no employees were injured and the fire would not impact vehicle production.

The company has a history of frequent fires at this facility, including a significant one at its paint shop in April last year that temporarily halted electric vehicle production, and another outdoor fire (near a tent on the south side of the factory) in August.

This latest fire comes at a time when Tesla is defending its workplace safety record before California’s Division of Occupational Safety and Health.

In January, Cal-OSHA cited and fined Tesla for allegedly violating six different worker safety regulations in their “GA4” — or general assembly 4 — production line. GA4 is where workers produce some of Tesla’s Model 3 electric sedans under a giant tent structure. Tesla plans to appeal those citations.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


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