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Tesla reveals $5 billion Gigafactory, the world's largest battery plant By Justin Hyde 6 hours ago Motoramic   .View photo Tesla Motors No automaker has quite the momentum that Tesla Motors enjoys today. It sells every car it builds easily, with customers queuing around the globe. It's considered the best car for sale in America by several critics, and Wall Street has bought into Elon Musk's vision with a fervor rarely seen outside riverside baptisms. And yet everything Tesla stands for today and wants to accomplish in the future rides on a single stubborn, expensive piece of technology — the...

The next commercial SpaceX Falcon 9 rocket that’s set to launch in March carrying an unmanned Dragon cargo vessel will also be equipped with a quartet of landing legs in a key test that will one day lead to cheaper, reusable boosters, announced Elon Musk, the company’s founder and CEO. The attachment of landing legs to the first stage of SpaceX’s new and more powerful, next-generation Falcon 9 rocket counts as a major step towards the firm’s eventual goal of building a fully reusable rocket. ... SpaceX engineers will continue to develop and refine the technology need to accomplish a...

FaTwa reportedly issued warning Muslims not to make 'hazardous trip' to live on Mars Muslims have been warned in a Fatwa not to go and live on Mars because it would pose "a real risk to life", according to a Dubai news organisation. The General Authority of Islamic Affairs and Endowment (GAIAE) in the United Arab Emirates said that anyone making such a "hazardous trip" is likely to die for "no righteous reason

It is a commentary on how adrift NASA space policy is when one considers that four years after President Obama made his "we choose not to return to the moon" speech that the space agency may be pivoting back to the moon. Paul Spudis, a planetary geologist and return to the moon advocate, has read the tea leaves and has seen the first, tentative steps toward a pivot back to the moon. Elon Musk, the space entrepreneur and political ally of Barack Obama, has recently conceded that expeditions to the moon would be useful. NASA is partnering with private companies,...

Tesla is happy to do things differently than other automakers, from the company-owned stores to the all-electric drivetrain. It also doesn't use union workers at its factory in Fremont, California (the former NUMMI plant, pictured). But now the United Auto Workers (UAW) is testing the waters for representation at the plant, according to a report in the San Francisco Chronicle. UAW President Bob King has revealed that the UAW has created an organizing committee in Fremont. How this would change things at Tesla – and whether it would be a good or bad thing – is not really known, but...

3 Reasons Tesla Motors Will Dominate in 2014 By Tamara Walsh | More Articles | Save For Later January 3, 2014 | Comments (2) Tesla Motors (NASDAQ: TSLA  ) celebrated a record year in 2013, with the stock surging nearly 350% during the year. That's a serious improvement over Tesla's gain of just 7% in 2011. The electric-car maker passed many milestones along the way, including reporting its first quarterly profit and winning the academy award of autos as its zero-emissions Model S took home Motor Trend's 2013 "Car of the Year" award. With the stock growing in value from $32...

Following incidents in Washington state, Mexico andTennessee, the National Highway Traffic Safety Administration announced it would probe fires that occurred recently over a six week period in Tesla Motors’ electric Model S. And this week, as revealed in a Detroit News story, the NHTSA looks like they’re serious – at least more serious than Germany’s transportation safety authority. Why bring up Germany? Because as the regulatory heat bears down in the U.S. on Tesla and high-profile CEO Elon Musk, they have trotted out the Eastern Europe nation to demonstrate that they’ve been absolved of any culpability in the fires. The...

After three recent fires, Tesla Motors CEO Elon Musk said he asked the National Highway Tranportation Safety Administration to investigate its Model S. NHTSA said no he didn’t. Tesla has been saying it received the highest safety rating in the U.S., a “new combined record of 5.4 stars.” NHTSA says there’s no such thing. Musk said he expects the investigation will clear Tesla after incidents in which metal objects struck the underside where the Model S battery is located. NHTSA says we’ll see, and a decision whether there should be a recall will likely take months. Maybe a lie...

A California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.” Among SolarCity Corp.’s biggest investors is Elon Musk -- the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration. Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department. “There is...

DETROIT (AP) — The U.S. government's auto safety watchdog has opened an investigation into battery fires in Tesla Model S electric cars. The National Highway Traffic Administration says fires broke out in two of the cars in the U.S. after the undercarriage hit metal road debris. The debris pierced the batteries and caused a thermal reaction and fires. In each case, the car warned the driver of the damage, and both escaped without getting hurt. The probe affects more than 13,000 cars from the 2013 model year that were sold in the U.S. Tesla has sold about 19,000 of the...

Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....

What does a man capable of building electric cars and space launch vehicles need? Perhaps a submarine car once driven by James Bond. When the car-turned-submarine from the 007 classic "The Spy Who Loved Me" was sold at auction in September for nearly a million dollars, the identity of the buyer was kept secret, as it usually is in collector car auctions. Thursday night, a Tesla Motors spokeswoman confirmed that the submarine, modeled after a Lotus sports car, had been bought by Tesla (TSLA) CEO Elon Musk. Musk plans to take the movie prop and turn it into an actual...

As much as electric car builders hail their vehicles as the future of transportation, one question they couldn't answer fully was just how well their vehicles would withstand a crash. Automakers have spent decades finessing their chassis; what happened when an engine-less vehicle went head-on into a barrier wasn't clear, and as the post crash-test smoldering of a Chevy Volt demonstrated, the batteries posed new challenges. Leave it to Tesla to provide the first hard evidence — with data from U.S. government tests showing the Model S sedan may be the most crash-proof passenger vehicle on the road today. Normally,...

Billionaire entrepreneur Elon Musk on Monday unveiled a high-speed transportation concept that will blast passengers from Los Angeles to San Francisco — a distance of more than 300 miles, in just half hour. Musk proposed his idea for a super fast mass transit system called the Hyperloop to connect cities. According to him, the project, if it materializes will be faster, cheaper and safer alternative to the high speed rail line planned between Los Angeles and San Francisco. Musk stated, "How could it be that the home of Silicon Valley and JPL … would build a bullet train that is...

Elon Musk, the co-founder of PayPal and Tesla Motors (NASDAQ: TSLA ) , and founder of SpaceX, has a keen ability to make good predictions. Source: Businessweek. Though not always accurate, many of his predictions are eerily on target -- especially for Tesla. For the most part, Musk has been able to stay on schedule with his original plan for the electric car manufacturer. Perhaps Tesla's soaring stock price has emboldened Musk's forecasting spirit, because he's made quite a few bold predictions lately. Though they should be taken with a grain of salt, four of his recent predictions are worth...

Taxpayer-supported Tesla, recipient of a $465 million stimulus loan guarantee to produce yet another electric toy car (the Model S) for rich people, reported its 4th quarter earnings last week. The word from billionaire CEOElon Musk (Flickr photo: Jurvetson) was, “ we’ll do better next quarter – promise.” That’s a paraphrase, but nonetheless Tesla’s announcement fell short of most Wall Street analysts’ expectations. The company lost $90 million for the quarter as it ramped up production to fill pre-orders, paying workers to put in an average of 68 hours per week in December. On Thursday the company suffered the biggest...

Undoubtedly alternative energy and transportation innovator Elon Musk (Flickr photo: Jurvetson) – like his competitor for the taxpayer-funded, six-figure electric automobile market Henrik Fisker – is a smart guy. But will economic and technological realities humble him, or worse, make him look like a fool? After the experiencerecounted last week by New York Times journalist John Broder, who test drove the Tesla Model S in frigid conditions that required frequent unplanned recharging stops throughout the Northeast, humility is out of the question for Musk. The jury is still out on inanity. The Times published Broder’s devastating account on Friday. The...

Dream of going to space but don’t feel like putting in the work to become a NASA astronaut? Here’s your chance to possibly make that fantasy come true. Mars One, a Netherlands-based nonprofit, is seeking volunteers to help colonize the Red Planet, according to Mashable. To meet an aggressive goal of putting people on Mars by 2023, Mars One released its basic astronaut requirements on January 8. Rather than recruiting scientists or pilots, the organization says it will consider anyone, so long as they are at least 18 years old. Intelligence, good mental and physical health and dedication to the...

It’s a lucky thing for Tesla Motors shareholders that the U.S. Department of Energy loves the company’s loan applications. Without the hundreds of millions of dollars has received from the federal government this year, the electric-car maker’s financials would be gasping for air as 2012 winds down. Given the ugly state of Tesla’s finances — and the company’s sky-high valuation: almost $4 billion — it will rank among the top candidates in Silicon Valley for a 2013 stock collapse, unless it receives significantly more cash next year. The Palo Alto, Calif., company’s financials are, in fact, in worse shape even...

Data that NASA's discovery wee a sample of Martian dirt could be earth-shattering, but the space agency is taking time to check its work. NASA's not sharing a 'historic' find on Mars... yet Data from a sample of Martian dirt could be earth-shattering, but the space agency is taking time to check its work. SAM, a mobile sample analysis lab, is currently mounted on Curiosity and finding interesting stuff in Martian soil. It seems NASA and the Curiosity rover have found something exciting and nerd-tastic on Mars, but the space agency's scientists are holding back for now, despite how painful...

In Musk's vision, the ambitious Mars settlement program would start with a pioneering group of fewer than 10 people, who would journey to the Red Planet aboard a huge reusable rocket powered by liquid oxygen and methane. "At Mars, you can start a self-sustaining civilization and grow it into something really big," Musk told an audience at the Royal Aeronautical Society in London on Friday (Nov. 16). Musk was there to talk about his business plans, and to receive the Society’s gold medal for his contribution to the commercialization of space.

Vice President Biden snickered during last week's debate at the suggestion there was waste, inefficiency or cronyism in the 2009 stimulus bill. If he can stop cackling for long enough, Biden, the self-proclaimed "stimulus sheriff" should sit down with the IRS officials and the federal inspector general who are investigating a solar company owned by leading Obama donor and subsidy recipient Elon Musk. Musk, as he cashes in on his solar investment by taking his company SolarCity public this month, had to make an awkward admission in his financial filings with the Securities and Exchange Commission. The Internal Revenue Service...

SolarCity (SCTY), another “green energy” company and recipient of millions of dollars of taxpayer funds, in under investigation by the Internal Revenue Service (IRS), sources reveal. The company, which recently filed for its initial IPO, has disclosed that it received subpoenas in July from the U.S. Treasury Department. The Treasury Department is investigating whether companies overstated the market value of solar panel arrays they installed when claiming the 30% federal cash grant. The IRS also notified SolarCity that it is auditing two of its investment funds and reviewing the claimed value of solar systems submitted to receive the federal cash...

......“MR. MUSK: The ideal thing to do would be to tax CO2. But taxes are difficult to implement. So, we’re doing an indirect thing, which is to subsidize electric cars to some degree, and other sort of renewables.”

Questions are being raised about NASA's relationship with Silicon Valley whiz Elon Musk in the wake of his Falcon 9 rocket delivering only half of the promised cargo on its first mission to the International Space Station. The rocket lost power from one of its nine engines shortly after its Sunday launch and only delivered 882 of the promised 1,800 pounds of resupply cargo for the space station. Manufactured by Musk's Space Exploration Technologies Corp. ("SpaceX"), the Falcon 9 also failed to deliver as promised when it placed a prototype Orbcomm OG2 satellite into a lower orbit than required. The...

Imagine that. Weeks to go before the election and the Department of Energy has restructured its $465 million loan to the electric-car company to make sure it didn’t run out of cash. The New York Times reports:(Emphasis mine)"As it ramps up sales of its sleek electric sedan, Tesla doesn’t appear to be much of a loser right now. But a closer look at company’s cash flows suggests it is hardly out of the woods.For young companies like Tesla, calibrating cash flows is critical. Customer demand may be high for a company’s product,but mistimed spending can lead to a cash crunch....

Green tech company SolarCity has filed to raise $200 million for an initial public offering. SolarCity provides clean energy services to homeowners, businesses, schools, nonprofits, and government organizations. The company strives to make the transition to cleaner energy as smooth as possible by providing support from start to finish. It examines its clients energy usage, identifies areas that can be improved, installs new systems, and continuously offers monitoring, customer service, and support. SolarCity distinguishes itself from other solar companies because it is not a manufacturer. Instead, the business is based on financing and leasing rooftop solar panels. “Our future success...

Solar panel installer SolarCity Corp filed with U.S. regulators to raise up to $201 million in an initial public offering that could help rekindle investor appetite for cleantech stocks. ....Companies including Google Inc and U.S. Bancorp have provided funds to finance SolarCity's projects. Those investors are able to collect a 30 percent federal tax credit for solar energy systems...... ...SolarCity was founded in 2006 by brothers Lyndon and Peter Rive along with their cousin, PayPal co-founder and Tesla Motors Chief Executive Elon Musk.... SolarCity hopes it can buck the lackluster trend among recent cleantech IPOs.... ....[SolorCity's] total revenue was $46.6...

Tesla Motors Inc., the electric-car maker led by Elon Musk, fell the most in two months after cutting its revenue outlook for the third quarter because of supplier shortcomings and other delays in the production of its Model S sedan. Tesla slid nearly 10 percent to $27.64 Tuesday after the company said in a regulatory filing that it expects to generate $44 million to $46 million in third-quarter sales, compared with analyst estimates of $83.1 million. ..........Already the company's largest shareholder, Musk may buy 33,311 more shares, the company said in the filing. Tesla, whose investors include Toyota Motor Corp....

Space Shuttle Discovery sailed off into the sunset and the United States for the first time in a half century has no proven ability to put men into space. Thank President Obama. Or maybe, thank SpaceX founder Elon Musk. (See Rand Simberg’s very different take on things.) SpaceX is getting federal dollars that NASA would otherwise use. .......While NASA dollars have moved into the pockets of SpaceX, we now know that Elon Musk is an Obama bundler. Yesterday I had a conversation with a Congressman who revealed to me that Musk is a big Obama friend and bundler. Musk has...

Despite the news and pictures from NASA's Mars rover Curiosity, America's once great space program is on life support because we no longer have a serious manned space exploration program....And the Obama Administration's unimaginative and amateurish vision for space exploration -- even if successful -- will not revive the dying program. It merely follows the disturbing pattern of the Solyndra scandal, funneling tax dollars to Obama donors and fundraisers. [SNIP] ....SpaceX collects tax dollars so that it can learn how to build and develop something that other companies were doing a generation ago. It is curious that SpaceX is now...

(CNN) – Riding the momentum of his South Carolina win on Saturday, Newt Gingrich said Sunday he planned a week of big speeches offering “big solutions for a big country.” “I’ll be at the space coast in Florida this week giving a speech — a visionary speech — on the United States going back into space in the John F. Kennedy tradition,” the former House Speaker said on C-SPAN’s “Washington Journal.” He said the days leading to Florida's Jan. 31 primary would include other speeches on health care, housing, the economy, Cuba and Latin America. “I hope really once a...

[Elec car maker Elon] Musk: Tesla "will not be applying" for additional DOE loan Tesla CEO Elon Musk Despite reports to the contrary, Tesla Motors won’t ask the U.S. Department of Energy for an additional Advanced Technology Vehicles Manufacturing (ATVM) loan, according to the automaker’s chief executive officer. Palo Alto-based Tesla has “significant” capital reserves and more than enough funds to develop its Model S sedan, CEO Elon Musk told reporters in Washington last Thursday. Apparently, Tesla’s initial $465-million DoE loan is all the government money that’s needed for now. Quoting Musk: We don’t need any additional DOE funding. We...

Elon Musk's space company, SpaceX has raised another $50 million in funding, according to a SEC filing. A company rep tells us, "Existing investors expressed an interest in making an incremental investment and we accommodated their request."

HOUSTON, June 2 /PRNewswire/ -- Space Exploration Technologies Corporation (SpaceX) today announced the signing of a Space Act Agreement with NASA regarding development of human spaceflight hardware. SpaceX and Johnson Space Center (JSC) will identify joint opportunities in pursuit of cost effective human spaceflight systems. "This agreement provides a framework for working with NASA on future spaceflight needs in support of low Earth orbit space missions and other steps in the Vision for Space Exploration," said Elon Musk, CEO of SpaceX. "We look forward to working with NASA to create an exciting future in human spaceflight." Space Act Agreements are...

Subcommittee on Space and Aeronautics Hearing Charter: Future Markets for Commercial Space Future Markets for Commercial Space April 20, 2005 9:30 a.m. to 12:00 noon 2318 Rayburn House Office Building Purpose: On Wednesday, April 20, at 9:30 a.m., the Subcommittee on Space and Aeronautics will hold a hearing to examine the future of the commercial space market and the government's role in that future. Last year, the President signed into law the Science Committee's Commercial Space Launch Amendments Act, which dealt with regulating one aspect of commercial space - private, human suborbital flights, which are generally intended for space tourism....

VAN HORN, Texas - Even skeptical locals, who've become wary over the years of city slickers with big ideas for their town, perked up when Amazon.com founder Jeff Bezos made his pitch — a spaceport for commercial travel into the beyond. Bezos flew into this West Texas town a few weeks ago to tell key leaders how he planned to use his newly acquired 165,000 acres of desolate ranch land. He also gave his only interview so far on the spaceport to the Van Horn Advocate, the weekly newspaper Larry Simpson runs from the back of his Radio Shack store....