SolarCity’s Sugar Daddy
You might know that SolarCity actually owns most of the hundreds of thousands of rooftop solar systems it has built. As a result, it needs billions of dollars in funding each year. So the flow of debt coming into the company is vital to its very survival.
What people might not know is that SolarCity is getting a lot of funding from SpaceX and Elon Musk and family. They’re buying hundreds of millions of dollars in solar bonds that almost no one else is interested in. Below is a table that shows the large purchases of solar bonds by SpaceX, Elon Musk, SolarCity CEO Lyndon Rive, and CTO Pater Rive over the past year-and-a-half.
Read more "Believe It or Not, SpaceX’s Falcon 9 Explosion Could Be Terrible for SolarCity"
The fire that burst from the top stage of a SpaceX Falcon 9 rocket, quickly consuming it and the satellite it was to carry to orbit, did more than melt aluminum and crack carbon fiber on a $62 million rocket and throw another wrench into Elon Musk’s already busy day. It will have repercussions across the globe.
Read more "SpaceX’s lost rocket could upset a global merger and delay America’s human spaceflight plans"
On Thursday, September 1st, one of SpaceX’s Falcon 9 rockets exploded on the launch pad at Cape Canaveral, Florida. The incident occurred as SpaceX was preparing the vehicle for an upcoming launch, which would have sent the Israeli communications satellite Amos 6 into orbit. To see if the Falcon 9 was ready for the mission, the rocket was about to undergo a static fire test — in which the main engines are turned on while the vehicle is constrained. But as propellant was being loaded into the Falcon 9 for the test, an explosion occurred around the upper portion of the rocket. Follow along here for the latest news about the accident as SpaceX tries to figure out what went wrong.
Read more "SpaceX’s Falcon 9 rocket explosion: news, updates, analysis"
Also in July Musk published a much-hyped (in anticipation) single page vision of where he wants to take Tesla in the future. Unfortunately for him though, Tesla is far behind deep-pocketed competitors in nearly every facet of this vague and unfinanced “plan,” something easily discerned by conducting a simple Google search on each of his stock-pumping buzzwords. Here’s one example, here’s another and here’s a third. I could easily post twenty or thirty more.
Read more "Tesla Motors Inc (TSLA) isn’t “a business”; it’s a cash incinerator"
Audi’s upcoming four-door luxury electric car will have a 311-mile range, along with Level 4 self-driving features (essentially full autonomy, for those keeping track) and three separate electric motors, according to a new report from Autocar. The car is set to go head-to-head with the Model S, based on these new stats, and will likely be called the “A9 e-tron” when it goes on sale sometime in 2020, the publication says.
Read more "More details on Audi’s Tesla Model S competitor emerge"
Being late isn’t the end of the world unless all eyes are on you to deliver. When asked to furnish information related to a fatal accident involving one of its vehicles, Tesla missed that deadline and asked for a one-week extension, despite having a couple months to get this info together.
Read more "Tesla’s late to deliver the one thing it should probably deliver on time"
Rapidly rising prices aren’t good for everyone though.
“The potential losers in this situation are folks who live locally and work locally, but aren’t making the higher wages and may not be able to afford the higher prices,” said Blomquist.
Read more "How Tesla caused home prices to soar in this Nevada town"