Tesla is planning accelerated development and construction of this new battery and EV plant, which will mark the company’s first soirée into international production.
This special edition of Nico Johnson’s podcast features an interview with Adam James, formerly of Tesla and GTM Research.
Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a $40 million penalty and structural changes at Tesla.
The regulator has filed a lawsuit alleging that Musk’s August tweets about having secured funding to take the company private were “false and misleading”, and is asking to have him barred from serving on the board or as a director of a public company.
Tesla has released an image of its solar powered rooftop, which is currently under construction. It is now clear that the system will be the world’s largest at 70 MW.
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
The report found over 3,200 employees working at the factory at the end of 2017, and $3.7 billion in invested in the plant.
The Vermont Lower Income Trust for Electricity have provided a $150,000 grant for 100 low-income electricity customers with significant need for reliable backup power due to health and mobility issues.
Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.
In this post Rob Peters of Intelligize analyzes the possible securities law ramifications of Elon Musk’s Twitter announcement that he may take Tesla private.
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