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TESLA, The Ambitions of Musk
blacksheep
post Posted: Feb 8 2019, 02:12 PM
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The plant in Buffalo was built and equipped with $750 million in taxpayer funds

Former Tesla workers paint grim picture of Buffalo plant
By: Daniel Telvock
Posted: Feb 04, 2019 06:30 PM EST
Updated: Feb 06, 2019 04:41 PM EST

QUOTE
BUFFALO, N.Y. (WIVB) - A group of former Tesla workers in Buffalo are breaking their silence about problems they witnessed at the plant, including what they termed as “a lack of urgency” shown by management to improve operations.

In exclusive interviews with News 4 Investigates, former workers described a gloomy picture of the Tesla’s Gigafactory II plant in Buffalo, formally known as Solar City.

read more - https://www.wivb.com/news/investigates/form...lant/1754568826



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 7 2019, 08:23 PM
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Tesla buys battery tech company Maxwell Technologies
The acquisition will cost the automaker $218 million.
BY
ANDREW KROK
FEBRUARY 4, 2019 6:59 AM PST
QUOTE
Tesla's battery packs offer some of the best range in the industry, but there's always room for improvement, which is likely why the automaker just scooped up a company specializing in battery tech.

Tesla will purchase Maxwell Technologies, a battery-tech company based in San Diego, the company said on Monday. The transaction will cost Tesla $218 million, and its buyout price of $4.75 per share is a 55-percent premium over Maxwell's Friday closing price. Maxwell said that the purchase already has board approval, and it should be finalized in or shortly after the second quarter of 2019.

"We are always looking for potential acquisitions that make sense for the business and support Tesla's mission to accelerate the world's transition to sustainable energy," a Tesla spokesperson said in a statement. The automaker did not elaborate further about why it chose Maxwell.

Maxwell Technologies was founded in 1965, offering its research and development efforts to the government as an outside contractor. Its focus is in energy storage and power delivery, specifically ultracapacitors, which can accept and deliver charge much faster than batteries. The company isn't limited to the automotive space, though -- its solutions can also work with renewable energy systems like wind turbines.

read more - https://www.cnet.com/roadshow/news/tesla-bu...y-tech-company/

Tesla acquires Maxwell Technologies, rival warns of ‘R&D hell’
QUOTE
Energy-Storage.news asked whether access to the ultracapacitor technology or to the dry electrode technologies would be of primary interest to Tesla. However, the Tesla representative said the company would not be “sharing further comment at this time”. Similarly, a Maxwell Technologies representative told Energy-Storage.news that the company “will not be conducting interviews or providing additional commentary…at this time”.

Ultracapactor rival sounds warning
Nonetheless, Taavi Madiberk, CEO of Skeleton Technologies, a European manufacturer of ultra- and super capacitors, was quick to offer a take on the news last night.

“Tesla has made the right move - the ultracapacitor manufacturer acquisition highlights the evident limits of Li-ion batteries in terms of fast charging and thermal management, whereas ultracapacitors offer fast charging in seconds and ultra-high efficiency, allowing for better thermal management and much longer life-time.”

While Madiberk said Tesla has made the right move, he then immediately moved to tout the competitive advantages the Skeleton Technologies CEO claims his devices have over those of rival makers, including Maxwell.

Maxwell Technologies’ ultracapacitors have an energy density of 7Wh per kg, while Skeleton Tech curved graphene ultra capacitors reach 20Wh per kg. Madiberk said that Maxwell/Tesla has a leading position in the automotive industry but that they might struggle to close that so-called “innovation gap”.

“Mr. Musk studied ultracapacitors in Stanford during his PhD, but he is underestimating the “R&D hell” to get to higher energy density ultracapacitors.

“We are expanding our manufacturing and R&D capabilities in Germany and have a clear road-map of hitting 60Wh/kg, while retaining charging times measured in seconds and a cost point lower than high power batteries – we do not see Tesla closing the gap any time soon. In fact, key engineering people from Maxwell/Tesla have joined Skeleton recently,” Madiberk claimed.

https://www.energy-storage.news/news/tesla-...arns-of-rd-hell

FromMaxwell's webpage - http://investors.maxwell.com/investors/ove...w/default.aspx#
Investors Overview
Maxwell was incorporated under the name Maxwell Laboratories, Inc. in 1965. The Company made an initial public offering of common stock in 1983, and changed its name to Maxwell Technologies, Inc. in 1996. Today, we develop, manufacture and market energy storage and power delivery products for transportation, grid energy storage, wind energy storage, industrial and other applications. Our products are designed and manufactured to perform reliably with minimal maintenance for the life of the applications into which they are integrated. We believe that this “life-of-the-application” reliability gives our products a competitive advantage and enables them to command higher profit margins than commodity products. We focus on the following lines of high-reliability products and technologies:

Energy Storage: Ultracapacitors are energy storage devices that possess a unique combination of high power density, extremely long operational life and the ability to charge and discharge very rapidly. Our ultracapacitor cells, multi-cell packs, modules and subsystems provide highly reliable energy storage and power delivery solutions for applications in multiple industries, including automotive, rail and truck in transportation, as well as grid energy storage and renewable wind energy solutions. Our recently developed lithium-ion capacitors are energy storage devices with the power characteristics of an ultracapacitor combined with enhanced energy storage capacity approaching that of a battery. They are uniquely designed to address a variety of applications in the rail, grid, and industrial markets where energy density and weight are differentiating factors.

Dry Battery Electrode Technology: We believe our dry electrode technology has the potential to be a revolutionary technology within the battery industry with a substantial market opportunity, particularly for use in electric vehicles. By applying our proprietary and fundamental dry electrode manufacturing technology and trade secrets to batteries of varying chemistries, we believe we can create significant performance and cost benefits when compared with today’s state of the art wet electrode technology.



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 30 2019, 05:54 PM
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In Reply To: blacksheep's post @ Aug 9 2018, 10:49 AM

Tesla Has Just 4 Weeks to Rally 21% or Pay $920 Million on Bonds
By Molly Smith
January 29, 2019, 9:00 PM GMT+11
QUOTE
Convertible bonds coming due March 1 in biggest ever debt bill
‘There’s always a glimmer of hope,’ portfolio manager says
The clock is now ticking for Elon Musk to avoid a $920 million bill for Tesla Inc.

That’s the amount of debt coming due March 1 from convertible bonds issued back in 2014. Tesla can dodge the payout by exchanging the note for a mix of cash and stock -- but only if the shares jump about 21 percent from their current level, based on a 20-day averaging period that starts today.

The debt payment, the largest in the company’s history, would take a big bite out of Tesla’s cash just as Musk enters another challenging year. But while a rally to the $359.87 price needed for a swap may be a long shot, it’s not an impossibility for a stock prone to heavy swings. And with the automaker scheduled to report fourth-quarter earnings Wednesday, a catalyst could be just around the corner.

read more - https://www.bloomberg.com/news/articles/201...ion-bond-payout
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 20 2019, 08:08 PM
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In Reply To: nipper's post @ Jan 20 2019, 07:40 PM

Musk has done OK by the US taxpayers - Nevada taxpayers contributed $1.3 billion in tax breaks and other incentives to have the Tesla Gigafactory No.1 built in that state. New York gave him a tax incentive package of $750 million that lured SolarCity to build its Gigafactory (No.2) there. Not sure what China is paying him



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jan 20 2019, 07:40 PM
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In Reply To: blacksheep's post @ Jan 20 2019, 07:28 PM

QUOTE
No doubt he hopes to tap into those Chinese tax credits/subsidies
... - in a better world, subsidies and incentives wouldn't be on the table. But, sadly, competitive advantage always is attractive to the rent seekers. And offered by those that don't carry the cost.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 20 2019, 07:28 PM
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Shocks Are Piling up at Tesla
QUOTE
Tesla's long-term growth story is running on a low battery


QUOTE
Nearly $10 billion in long term debt is on the books, which limits financial flexibility, and Tesla's ongoing capital needs are significant


QUOTE
Meanwhile, federal tax credits will be halved again on July 1 and eliminated for Tesla at the end of the year

https://www.wsj.com/articles/shocks-are-pil...sla-11547823670

Little wonder "In China, Elon Musk Felt the Love That Was Missing at Home" biggrin.gif No doubt he hopes to tap into those Chinese tax credits/subsidies
Attached File(s)
Attached File  tsla.png ( 98.96K ) Number of downloads: 6

 




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


nipper
post Posted: Jan 19 2019, 04:41 PM
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Musk says the company needs to expand its customer base to survive and wants to make vehicles for the masses. Tesla's cheapest car right now is the Model 3, which costs about $60,000.

"We face an extremely difficult challenge: making our cars, batteries and solar products cost-competitive with fossil fuels," he said in a letter to staff.

"While we have made great progress, our products are still too expensive for most people."
... hard to differentiate between hype and the delusional lack of business nous



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jan 19 2019, 06:55 AM
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Musk a little less bullish??

QUOTE
The Elon Musk who announced Tesla Inc. job cuts sounded a lot less bullish than the Musk investors have read or heard from lately.


Elon MuskPhotographer: Robyn Beck/Pool via Bloomberg
The chief executive officer warned “the road ahead is very difficult” and said in a blog post early Friday that the company had no choice but to reduce headcount by about 7 percent. He prefaced his statement that Tesla may make a “tiny” profit in the first quarter with the word “hopefully” and said it could be achieved “with great difficulty” and “some luck.”
he comments sent Tesla shares plunging as much as 11 percent, the biggest intraday drop since the Securities and Exchange Commission sued him in September over his tweets about taking the company private.

Here are some of the more-positive statements Musk has made since last fall about Tesla’s earnings prospects:

3Q earnings shareholder letter (Oct. 24)
“Our earnings profile has flipped dramatically. Sufficient Model 3 profitability was critical to make our business sustainable -- something many argued would be impossible to achieve.”

3Q earnings call (Oct. 24)
“We expect to again have positive net income and cash flow in Q4. And I believe our aspirations I think will be for all quarters going forward.”

“I think we can actually be positive cash flow for all quarters going forward, leaving aside quarters where we may need to do a significant repayment; for example, in Q1 next year. But I think, even in Q1, I think we can be approximately flat in cash flow by end of quarter.”

2Q earnings call (Aug. 1)
“I really want to emphasize our goal is to be profitable and cash-flow positive for every quarter, going forward.”

“I feel comfortable achieving a GAAP income positive and cash flow positive quarter every quarter from here on out. That’s a -- there may be occasional quarters, where we pay back a big loan or something, where there may be just because we paid back a big loan. But absent that, it would be cash flow positive.”


TESLA WHIPLASH

The less than enthusiastic response he received for his "thought bubble" re spending a billion bucks to bore a 40 km tunnel under the blue mountains is perhaps a further indication that people are starting to look a little more critically at the wunderkid.
Mick



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sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Jan 16 2019, 12:09 PM
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Volkswagen to drag Tesla, making EVs in Tennessee
extract
QUOTE
Watch out Elon Musk, Herbert Diess is pulling up beside you at the light.

Most North Americans have never heard of Volkswagen’s CEO, but he may be getting more face time after announcing on Monday that his company is planning on building an electric vehicle in the United States.

Germany’s Volkswagen said it will invest $800 million to construct a new electric vehicle – likely an SUV - at its plant in Chattanooga, Tennessee.

The announcement is part of a greater strategy to become the most profitable manufacturer of electric vehicles (EVs). In December Volkswagen said it will spend $34 billion on “e-mobility initiatives” including electric and self-driving vehicles, and $57 billion on battery procurement, for an eye-popping total of $91 billion. That includes 50 battery-electric and 30 hybrid-electric models by 2030, including 12 electric models for Audi. It plans to eventually offer electric version of all 300 of its models, among the 12 brands it owns.

Volkswagen is also holding exploratory talks with Ford about cooperating to develop self-driving and electric vehicles, possibly by using Volkswagen’s MEB EV platform.

Reuters reported that VW will sell 150,000 EVs by 2020 and 1 million by 2025. But Diess reportedly told German car magazine Automobilwoche that Volkswagen has acquired the batteries to produce 50 million electric vehicles!

To put that in context, last October sales of electric vehicles in the United States reached 1 million - versus around 4 million worldwide.


read more - http://aheadoftheherd.com/Newsletter/2019/...n-Tennessee.htm





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 12 2019, 12:06 PM
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In Reply To: blacksheep's post @ Jan 3 2019, 03:13 PM

In China, Elon Musk Felt the Love That Was Missing at Home
By Angus Whitley
January 11, 2019, 6:12 PM GMT+11 Updated on January 11, 2019, 9:10 PM GMT+11
https://www.bloomberg.com/news/articles/201...nd=premium-asia

The China "love" Musk is feeling wouldn't have anything to do with Chinese taxes/subsidies by any chance biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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