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Posts Tagged ‘Elon Musk tweet’

Tesla Reaches New Deal with Panasonic

Musk hints at higher kW superchargers coming soon.

by on Dec.28, 2016

Tesla owners can now be charged an "idling fee" if they leave their vehicle in a charging stall after its fully charged.

As Tesla charges ahead with construction of its Gigafactory in the Nevada desert, it got a bit of welcome news: Panasonic Corp. is investing $256 million into its production facility.

However, it’s the plant in Buffalo, New York, where Tesla makes photovoltaic cells and modules, not the Gigafactory. The investment isn’t much of a surprise really as the two companies have been partners for years, including in the factory just outside of Reno.

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In this case, the California-based company is making a long-term purchase commitment from Panasonic as part of the deal, in addition to providing factory space and infrastructure. (more…)

Musk’s Big Plans for Tesla Need Big Money – Maybe $12.5B

Founder dispels notion company needs billions in a tweet.

by on Oct.14, 2016

CEO Elon Musk disputes the notion the company will need to raise billions of dollars.

As the latest product news from EV-maker Tesla looms, it’s the money the company will need – with estimates ranging from nothing to $12.5 billion – to meet all of its obligations that seems to be garnering all the attention.

Analysts have been furiously scouring the company’s SEC filings and looking for other clues to see what Tesla will need to spend to bring out new models, complete the acquisition of SolarCity and expand its other operations.

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Additionally, Elon Musk, the company’s founder and CEO, added more to the equation with a recent tweet alerting followers about a new product announcement on Oct. 17. (more…)