Photo: Screenshot from YouTube
Elon Musk’s most recent Tesla Masterplan would cost the company “tens of billions of dollars,” according to his estimate.
Fortunately for shareholders and the Tesla company in general, Elon Musk does not plan on spending billions right away. Instead, he suggested the plan he outlined is more of a guide for the future of the corporation, and he expects the company to accomplish the objective some day.
Musk’s comments arrive after it is has become than evident that he wants Tesla Motors to take over SolarCity. By the merger of these companies, Musk wants to create an eco-friendly solar empire.
Unfortunately, shareholders did not see the move with Elon’s eyes, and Tesla stock suffered a drop in value after the announcement regarding its intentions of taking over SolarCity, Bloomberg notes.
Over the course of the same discussion, Elon Musk expressed his dissatisfaction with the buzz raised by the fatal accident that occurred this May and involving a Tesla.
Elon stated that he was “frustrated” by the media coverage of the crash in Florida, and the company’s CEO underlined the fact that its cars are safer thanks to the Autopilot.
Mobileye, the manufacturer of chips and software for Tesla’s key components for the Autopilot system and much more, has announced it will not extend its cooperation with the automaker after the ongoing contract expires. Elon Musk responded to the situation in an unusually polite manner, saying that the separation was not surprising and “inevitable.”
The latest news from Elon Musk does not come from his Twitter account, but from a tour of the Gigafactory. According to the company, progress in the factory’s construction process has reached 14%, and it will cover an astounding surface.
Tesla will invest $5 billion in the facility, and it will make batteries for both cars and the Powerwall storage system. Once Tesla buys SolarCity, Elon Musk will be able to sell electric vehicles, solar panels, and home electricity storage solutions through the same business, an objective that is evidently on his mind.
Musk’s comments arrive after it is has become than evident that he wants Tesla Motors to take over SolarCity. By the merger of these companies, Musk wants to create an eco-friendly solar empire.
Unfortunately, shareholders did not see the move with Elon’s eyes, and Tesla stock suffered a drop in value after the announcement regarding its intentions of taking over SolarCity, Bloomberg notes.
Over the course of the same discussion, Elon Musk expressed his dissatisfaction with the buzz raised by the fatal accident that occurred this May and involving a Tesla.
Elon stated that he was “frustrated” by the media coverage of the crash in Florida, and the company’s CEO underlined the fact that its cars are safer thanks to the Autopilot.
Mobileye, the manufacturer of chips and software for Tesla’s key components for the Autopilot system and much more, has announced it will not extend its cooperation with the automaker after the ongoing contract expires. Elon Musk responded to the situation in an unusually polite manner, saying that the separation was not surprising and “inevitable.”
The latest news from Elon Musk does not come from his Twitter account, but from a tour of the Gigafactory. According to the company, progress in the factory’s construction process has reached 14%, and it will cover an astounding surface.
Tesla will invest $5 billion in the facility, and it will make batteries for both cars and the Powerwall storage system. Once Tesla buys SolarCity, Elon Musk will be able to sell electric vehicles, solar panels, and home electricity storage solutions through the same business, an objective that is evidently on his mind.
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