The SolarCity complex in South Buffalo is getting intense attention from the Buffalo Fire Department, looking for safety in construction and operation in the future. The mammoth plant is being watched as construction continues because firefighters have to approve some parts of construction, like sprinkler systems, and because firefighters have to know and understand the […]Read more "SolarCity presents unique possible chemical fire hazard"
Summary Tesla’s key asset is Elon Musk’s credibility, as Ed Niedermeyer noted on Bloomberg West Tuesday, and that asset has taken a beating recently. The crashes of Tesla cars on autopilot and Tesla’s lowered guidance share a disconnect: Neither Tesla’s technology nor its operations have lived up to Musk’s hype. The recent spate of negative […]Read more "Tesla: Musk’s Credibility Has Eroded"
“And about those green jobs…” Though they saved the tax credits, state university officials didn’t show the same ambition to save the new jobs promised by Kitzhaber. After the Redco debacle, the university system quickly hired its third developer in the spring of 2012. SolarCity was no solar rookie. It had been around for five […]Read more "SolarCity Using Inmates as Workers"
News that SolarCity, another recipient of millions in government largess from the Obama Administration, would be issuing an IPO forced the disclosure that the IRS and the Treasury Department were now investigating the company, and others, for potential abuse of taxpayer funds. The company, which received a subpoena in July from the Office of the […]Read more "#TBT: IRS and Treasury Investigate Obama’s SolarCity"
An investor group wants Tesla Motors to shake up its board of directors after it was discovered six out of seven board members with the solar panel company have direct connections with Elon Musk, the CEO and chairman of both companies. CtW Investor Group said the market’s “hostile reaction” to the SolarCity deal was induced, in […]Read more "6 Out Of 7 SolarCity Board Members Have Direct Ties To Elon Musk"
Billionaire Elon Musk’s grip over Tesla Motors has grown too tight as he pursues a controversial merger of the company with solar-panel maker SolarCity, an investor group complained. CtW Investment Group, a manager of union-based pension funds that hold 200,000 Tesla shares, demanded in a letter that Tesla separate Musk’s chairman and CEO roles. CtW […]Read more "Investors want Tesla to separate Musk’s chairman, CEO roles"