• Tesla completing ‘small acquisition' which will help launch its insurance product

    14 days ago - By Tech Crunch

    Tesla CEO Elon Musk says that the company is in the process of completing a “small acquisition” that will help it release its own insurance product, something it said in April that it was only around “a month” away from bringing to market. One month is at least two months when translated from Musk time to rest-of-us time, so that tracks.
    Musk made the remark at Tesla's Annual Shareholders Meeting, adding that the company is “pretty close to being able to release ,” and that in addition to this acquisition in progress, Tesla also has “a bit of software to write” to make it ready for...
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  • Tesla says solar roof is on its third iteration, currently installing in 8 states

    14 days ago - By Tech Crunch

    Tesla is currently installing its solar roof product in eight states, according to Elon Musk speaking at the Tesla Annual Shareholders Meeting on Tuesday. The solar roof tile project has had a relatively long genesis, since being first unveiled three years ago in 2016 .
    In 2017, the company claimed its first ever installations of the Tesla solar roof, after opening up orders for the product in the second quarter of that year. Musk noted during the company's Q2 2017 earnings call that both himself and Tesla CTO JB Straubel had the tiles installed and operating on their homes
    The company...
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  • Elon Musk just said Tesla might get into the mining business to make sure it can make enough batteries for future vehicles

    Elon Musk just said Tesla might get into the mining business to make sure it can make enough batteries for future vehicles

    14 days ago - By Business Insider

    Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.
    As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain, like mining.
    "We might get into the mining business. I don't know," Musk said.
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    Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.
    Musk said the electric-car maker's ability to expand its...
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  • Elon Musk calls it ‘financially insane' to buy a car that isn't an EV capable of full self-driving

    14 days ago - By Tech Crunch

    During the Tesla Annual Shareholders Meeting that took place on Tuesday, Tesla CEO Elon Musk didn't mince words when he talked about what he thinks of the value proposition of traditional fossil fuel vehicles. He called it “financially insane” to buy any car that isn't an electric car capable of full autonomy - which, conveniently, currently is type of vehicle that only Tesla claims to sell.
    Musk reiterated a claim he's made previously about Tesla vehicles, that all of its cars manufactured since October 2016 have everything they need to become fully autonomous - with those built before...
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  • Elon Musk: There is not a demand problem for the Tesla Model 3

    14 days ago - By Tech Crunch

    Tesla CEO Elon Musk's opening comments went straight to a question that has been looming over the automaker since it reported wider-than-expected losses and a one-third drop in deliveries in the first quarter: demand.
    “We get this question a lot. I want to be clear, there is not a demand problem,” Musk said.
    But he didn't stop there. Musk quickly added that sales have far exceeded production. “Production has been pretty good,” Musk said. “So Tesla has decent shot at a record quarter on every level - if not it's going to be very close.”
    Tesla reported in April that it delivered 63,000 of...
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