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Tag Archives: Elon Musk

More electric cars mean more power usage

While companies like Tesla Motors continue to modify and build better electric cars, power companies, including American Electric Power Company Inc. (AEP), will be paying close attention to the demand of power. As reported by the Columbus Business First, “Last year more than 123,000 plug-in electric vehicles were sold in the U.S., a sliver of the total 16.5 million new ...

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Not in my state! Texas just protected the impossibility of buying a Tesla vehicle

Tesla motors experienced a substantial setback in the Lone Star state last week as the deadline passed for legislation to allow the company to sell cars in Texas at up to 12 locations. Midnight Thursday was the last opportunity for House Bill 1653 to gain full-chamber approval. Although the bill had support from both parties, strong opposition from car dealers ...

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Tesla Powerwall: Transforming the electrical grid

The electrical utility market continues to shift and expand into different territory as Elon Musk of Tesla Motors leads the charge with its electric cars, solar panel manufacturer SolarCity and its latest offering: energy storage. In a recent announcement, Musk unveiled his latest endeavor produced by the subsidiary Tesla Energy. The energy storage system dubbed the Tesla Powerwall is capable ...

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Tesla pushes its batteries beyond cars

Building on his empire in electric cars and solar energy, Elon Musk now aims to transform how homes and businesses use electricity. Musk introduced a new line of residential and commercial batteries late Thursday in a dramatic announcement at the automaker’s design studio in Hawthorne. He outlined a vision of off-the-grid homes and businesses and remote villages powered by sunshine. ...

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Batteries to store solar energy could presage independence from utilities

The problem with putting solar panels on rooftops quickly becomes apparent when the sun sets and the source of electricity needed to power television sets, stoves and heaters disappears beyond the horizon. But that problem may soon be solved. Electric car manufacturer Tesla is expected to jump-start the market for a home or business battery to store solar energy with ...

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SolarCity launches fund for U.S. commercial solar projects

SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. The fund is expected to finance more than 300 megawatts of new commercial solar projects over the next two years, SolarCity said in a statement on ...

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Tesla shedding jobs in China as sales target missed

BEIJING – High-end electric vehicle maker Tesla Motors Inc <TSLA.O> on Monday said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world’s biggest car market. Tesla declined to specify how many jobs would be cut, and did not comment on a report in the Economic Observer newspaper ...

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SolarCity coming to Albuquerque

Tesla Motors CEO Elon Musk passed on New Mexico last year as the location for a gigafactory for lithium-ion batteries, but the iconic entrepreneur and his two cousins, Lyndon and Peter Rive, are now bringing one of the nation’s top solar power providers to the Duke City. SolarCity, a publicly traded company that Musk and his cousins launched in 2006, ...

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Elon Musk: Tesla will make millions of electric cars

Silicon Valley automaker Tesla Motors will be making “a few million cars” by 2025, enigmatic CEO Elon Musk said in Detroit today. That would make the company about the size of BMW today. Musk, speaking at the Automotive News World Congress event at the Renaissance Center this evening, also left the door open to eventually establish franchised dealerships. The automaker ...

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