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Keyword: solarcity

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  • Claim: Hydrogen powered cars for the masses one step closer to reality

    11/20/2017 11:04:13 AM PST · by Signalman · 64 replies
    WUWT ^ | 8/20/17 | Anthony Watts
    UCLA researchers have designed a device that can use solar energy to inexpensively and efficiently create and store energy, which could be used to power electronic devices, and to create hydrogen fuel for eco-friendly cars. The device could make hydrogen cars affordable for many more consumers because it produces hydrogen using nickel, iron and cobalt — elements that are much more abundant and less expensive than the platinum and other precious metals that are currently used to produce hydrogen fuel. “Hydrogen is a great fuel for vehicles: It is the cleanest fuel known, it’s cheap and it puts no pollutants...
  • In Puerto Rico, Tesla is doing what Donald Trump isn’t

    10/16/2017 4:07:56 PM PDT · by Daffynition · 52 replies
    rawstory ^ | Anthony Cuthbertson | Rawstory/newsweek staff
    Almost one month after Hurricane Maria devastated Puerto Rico, technology firms like Tesla are stepping in to fill the relief-effort void that many say President Donald Trump has created. Following through with a pledge by Elon Musk that his company could solve Puerto Rico’s energy crisis with solar panels and batteries, Tesla Powerwall battery packs were spotted at San Juan airport on the island over the weekend.
  • Tesla reveals all-electric semi-truck, guarantees drivetrain will last 1M miles

    11/17/2017 11:24:43 AM PST · by Mariner · 80 replies
    Michigan Live ^ | November 17th, 2017 | By: Benjamin Raven
    Tesla figuratively pulled the cover off of its all-electric semi-truck for the first time Thursday night, Nov. 16. The electric car maker says on twitter that the Semi's drivetrain comes with the guarantee to last 1 million miles, or equal to about 40 trips around the Earth. Tesla CEO Elon Musk, who has not been shy in his excitement for the semi-truck's release, said it is capable of going 500 miles on a single electric charge even while hauling an 80,000-pound load. The Associated Press reports that Musk said interested buyers can put $5,000 down for the semi, which will...
  • Elon Musk's growing empire is fueled by $4.9 billion in government subsidies [2015]

    10/23/2017 2:29:43 PM PDT · by Hojczyk · 73 replies
    Los Angeles Times ^ | May 30,2015 | Jerry Hirsch
    Musk and his companies' investors enjoy most of the financial upside of the government support, while taxpayers shoulder the cost. The payoff for the public would come in the form of major pollution reductions, but only if solar panels and electric cars break through as viable mass-market products. For now, both remain niche products for mostly well-heeled customers. Musk declined repeated requests for an interview through Tesla spokespeople, and officials at all three companies declined to comment. The subsidies have generally been disclosed in public records and company filings. But the full scope of the public assistance hasn't been tallied...
  • Elon Musk says rocket did not explode but instead experienced a 'fast fire' ( LOL )

    09/02/2016 9:35:43 AM PDT · by george76 · 93 replies
    CNBC ^ | 9/2/2016 | Christine Wang
    According to SpaceX CEO Elon Musk, the Cape Canaveral mishap was not an explosion but a "fast fire." yes. This seems instant from a human perspective, but it really a fast fire, not an explosion. Dragon would have been fine. On Thursday, a SpaceX Falcon 9 rocket blew up on the launch pad, shaking nearby buildings and spewing smoke into the sky
  • Tesla CEO says he's working on another secret 'masterplan'

    07/10/2016 12:58:28 PM PDT · by Olog-hai · 26 replies
    Associated Press ^ | Jul 10, 2016 3:33 PM EDT | Paul Wiseman
    Tesla Motors CEO Elon Musk, under pressure after a fatal crash involving one of his electric cars, went on Twitter Sunday to say he’s working on another “Top Secret Tesla Masterplan.” He said he hoped to publish details this week. The tantalizing message echoes an August 2006 blog post, titled “The Secret Tesla Motors Master Plan (just between you and me),” in which Musk unveiled the cars that became the Tesla Model S four-door family car and the Tesla 3 sports sedan. …
  • SolarCity cuts 550 Nevada jobs, blames new net metering rate

    01/07/2016 7:17:29 AM PST · by redreno · 15 replies
    CARSON CITY — The rooftop-solar company SolarCity said Wednesday it has been forced to eliminate more than 550 jobs in Nevada because of the new net metering rate approved by the state Public Utilities Commission on Dec. 22. Where possible, the company said it will relocate affected employees to "business-friendly" states. The PUC's decision to change the net metering rules "to punish existing solar customers after the state encouraged them to go solar with rebates is particularly callous" and leaves Nevadans to question whether the state would ever place the financial security of regular citizens above the financial interests of...
  • THE ENERGY ELECTION ( climate change money )

    09/30/2015 11:21:28 AM PDT · by george76 · 7 replies
    New Geography ^ | 09/30/2015 | Joel Kotkin
    Progressive pundits increasingly envision the 2016 presidential election as a “last chance,” as one activist phrased it, to stop “climate change catastrophe.” As this agenda gets ever more radical, the prominence of climate change in the election will grow ever more obvious. The key here is that the green left increasingly does not want to limit or change the mix of fossil fuels, but eliminate them entirely, the faster the better. ... Climate activists such as hedge fund billionaire Tom Steyer increasingly couch their policies on theological grounds, one reason why the pope’s intervention was so timely. Stark self-interest is...
  • Is Elon Musk Just A Billionaire Welfare King?

    06/12/2015 9:27:31 PM PDT · by Rabin · 32 replies
    oilprice.com ^ | 11 June 2015 | Gaurav Agnihotri
    Elon Musk our billionaire, whose Stimulus funded Tesla Motors, Solarandra City and (only option to Russia, NASA is out) Space X has received $4.9 billion in FedSlush. Is Elon Musk a billionaire welfare queen of Federal grants, discounted loans, tax breaks, government RICO & Carbon credits? Tesla is set to receive an incentive worth $1.3 billion from the state of Nevada. Anyone who buys a Tesla gets a $7,500 federal income tax credit, Californians receive an additional rebate of $2,500 from the state. In all, Tesla Motors Inc. has received close to $2.391 billion in form of government subsidies. SolarCity,...
  • Tesla leases former Solyndra building in Fremont

    06/11/2015 7:02:15 PM PDT · by NormsRevenge · 12 replies
    SFGate.com ^ | 6/11/15 | David R. Baker
    Fast-growing Tesla Motors has leased a Fremont building once occupied by Solyndra before the solar company’s high-profile implosion, the Silicon Valley Business Times reported Thursday. The 500,000-square-foot facility, at 901 Page Ave., was the last of Solyndra’s former buildings to remain empty. Seagate Technologies snapped up Solyndra’s main factory — built with $528 million in federal loans — in 2012. And earlier this year, SolarCity leased a two-building Solyndra complex at 47700 Kato Rd. Tesla CEO Elon Musk chairs SolarCity’s corporate board.
  • Elon Musk Defends His Companies' Subsidies

    06/05/2015 9:20:58 AM PDT · by jazusamo · 32 replies
    NLPC ^ | June 5, 2015 | Paul Chesser
    Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla,SolarCity andSpaceX) didn’t cooperate with the Los Angeles Times on its article that tabulated his businesses’ whopping sum of corporate welfare ($4.9 billion) , and he was predictably miffed by the (accurate) portrayal. So he went about trying to fix things on CNBC and with the Times on Monday, but not by denying the conclusions reached by reporter Jerry Hirsch, but instead by essentially pointing at fossil fuel industries and saying “they do it more.” “If I cared about subsidies,” Musk told Hirsch in a follow-up to his Sunday expose’,...
  • Taxpayer Subsidies Keep Elon Musk's Companies Afloat

    06/02/2015 11:24:42 AM PDT · by jazusamo · 16 replies
    NLPC ^ | June 2, 2015 | Paul Chesser
    Well, somebody did it, and it was the mainstream media. Congratulations to the Los Angeles Times for taking the time to research and estimate the total amount of U.S. public (local, state, and federal) subsidies for companies owned or run by South African-born Canadian-American Elon Musk. The total amount calculated by reporter Jerry Hirsch for taxpayer-backed incentives – of many different forms, including tax credits and rebates provided to customers – was $4.9 billion. The corporate beneficiaries have been Tesla Motors and SpaceX, where Musk is CEO, and SolarCity Corp., where he is chairman. The sum does not include SpaceX’s...
  • Elon Musk’s $5 Billion in Govt Subsidies Helps Make Ends Meet

    05/31/2015 1:52:41 PM PDT · by Rockitz · 25 replies
    Breitbart.com ^ | 31 May 2015 | Robert Wilde
    If you build it we will come could be the mantra for Los Angeles billionaire mogul Elon Musk. Well the Los Angeles entrepreneur built Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, and what came was an estimated $4.9 billion in government subsidies, according to data compiled by The Los Angeles Times. “He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.” Now after a plethora of government incentives, such as grants, tax breaks, factory...
  • Solar Subsidies Scam Taxpayers And Homeowners

    01/13/2015 6:20:43 PM PST · by jazusamo · 47 replies
    Investors.com ^ | January 134, 2015 | Stephen Moore & Joel Griffith
    Solar panels are being installed on the roofs of homes and businesses all across America at a record pace. The fad is the latest way for families to "go green" — the energy equivalent of blue recycling bins. The Solar Energy Industries Association likes to tout the industry's "amazing success" — but it's holding a "Shout Out For Solar" social media event Friday as it sees an "uncertain future." That's because its continued success depends on a cascade of government subsidies, including a 30% federal investment credit that expires at the end of 2016. Guess what? Taxpayers are paying for...
  • Elon Musk Announced Another Huge Bet Today, And The Fate Of The Solar Industry Is Riding On It

    06/17/2014 11:58:19 AM PDT · by PoloSec · 51 replies
    Business Insider ^ | June 17 2014 | Rob Wile
    We recently explained how Tesla needs to build what it is calling a "gigafactory" for batteries in order to survive. The rest of the world is not building enough lithium ion storage to meet what Tesla thinks will be surging demand, so it has decided it must do it itself by making a very costly factory. Tuesday, SolarCity (Elon Musk's other company) announced it will have to do the same for solar panels. The firm unveiled plans to build one of the world's largest high-efficiency solar panel plants, using technology from Fremont-based Silevo, which they also said they'd acquired. "We...
  • Tesla's 'GigaFactory': Batteries not included?

    03/22/2014 1:43:07 AM PDT · by Cincinatus' Wife · 7 replies
    Pittsburgh Tribune-Review ^ | March 21, 2014 | Daniel Mcgroarty
    To convey some sense of the audacity of Tesla's Elon Musk and his plans, consider that the sale of all-electric vehicles in the U.S. reached a high of 100,000 in 2013 — but that's still less than 1 percent of all cars sold. Enter Tesla's GigaFactory, aiming by 2020 for annual production of 500,000 lithium-ion battery packs. Under one roof — a very large one, at 10 million square feet — Tesla will “manage everything from processing raw materials to the assembly of the batteries.” All of which begs the question: Where is all that lithium going to come from?...
  • Solar firm linked to Obama donors could be 'next Solyndra,' top GOP Sen. warns

    11/19/2013 6:01:59 PM PST · by jazusamo · 17 replies
    Fox News ^ | November 19, 2013 | Joseph Weber
    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...
  • The Obama Green Energy Scam You May Have Missed

    12/27/2012 7:00:07 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 27, 2012 | Donald Lambro
    WASHINGTON - Have you seen the latest development in President Obama's waste-ridden, clean energy program that's now under federal investigation at the U.S. Treasury Department? Three of the country's biggest residential solar panel installers -- SolarCity, SunRun and Sungevity -- have been subpoenaed by Treasury's Office of Inspector General for their financial records to determine if they had inflated the market value of their costs when they applied for federal reimbursement. The firms have reportedly received more than $500 million in federal grants and tax credits. Officials in two of them, Solar-City and SunRun, have been among some of Obama's...
  • Surprise! Treasury IG probing multi-million-dollar fraud in green-energy grants, tax credits

    12/14/2012 11:25:40 AM PST · by Ernest_at_the_Beach · 30 replies
    Hot Air ^ | 12:41 pm on December 14, 2012 | Ed Morrissey
    And the probe doesn’t involve some bit players in an obscure program, either.  The 1603 Program was one of the centerpieces of Barack Obama’s 2009 stimulus, designed to subsidize a transition from hydrocarbon-based energy to renewables in the residential market, and federal government sunk $13 billion into the effort.  Now the Inspector General of Treasury has opened a probe of the three largest providers of solar panel installations, who gained the most from the 1603 Program, and who may have fraudulently calculated their bills in order to claim more taxpayer cash: Three of the country’s most prolific installers of...
  • Carney: Green stimulus profiteer [Elon Musk] comes under IRS scrutiny

    10/15/2012 5:19:37 AM PDT · by Cincinatus' Wife · 14 replies
    The Washington Examiner ^ | October 14, 2012 | Timothy P. Carney
    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...