Just one of those days... Shares of the electric car pioneer Tesla sank 8% Thursday on 1 business headline and 1 legal one:
Both its car production and deliveries were down across every Tesla modelin the last quarter of 2018. Elon Musk visited court after ignoring an SEC order for Tesla lawyers to screen his tweets pre-tweet (the judge gave him 2 weeks to agree to a settlement with the SEC). 63K eCars delivered — But that's down 31%... And Tesla got right down to the excuses for coming up short:
Ships take time: Tesla began exporting its lower-priced Model 3 to China and Europe. It takes a while for them to get there. $$$: That US government subsidy to encourage electric car purchases? Just got cut in half, making Teslas more expensive for customers. THE TAKEAWAY Tesla shares have no chill... The polarizing CEO attracts lovers and haters (think pineapple on pizza). Thursday's report makes Tesla's goal for 360K-400K car deliveries this year look unreachable, so investors piled on the hate and sold shares. They think it'll run out of money. Others still think it's the car company of the future.
By Guest Nicole
One of the biggest hurdles to widespread adoption of renewables is energy storage. Where do you store energy when the sun's not shining, the wind's not blowing, etc.?
A Swedish research team believes it found the breakthrough renewables was looking for, a solar thermal fuel that can store the sun's energy for up to 18 years.
Hydrocarbons, in part, became the world's dominant energy source because they are relatively cheap to extract, can be stored for long periods of time, and can be utilized immediately. These factors make it a great source for energy to power on-demand. As batteries continue to develop in their capacity to store energy and for long periods of time, they have begun to supplant hydrocarbons, i.e. electric vehicles.
As an alternative to batteries, the specialized solar thermal fluid can hold the sun's energy for long periods of time and expel that energy on demand. Unlike batteries, which discharge electricity, the solar thermal fuel emits heat when activated through a catalyst. This means the fluid would be ideal for heating residential and commercial homes.
Read more: https://www.forbes.com/sites/trevornace/2018/11/06/scientists-reveal-strange-molecule-that-can-store-suns-energy-for-18-years/#4d2a30234835
This story was originally published on EVANNEX.
Renowned mutual fund manager and investment icon Ron Baron of Baron Capital is well-known for his conservative, long-term approach to stock picking. He’s been compared to Warren Buffett (both for his investing style and outstanding track record) and has said that Tesla “may be the most interesting” company he’s ever invested in over his 46 year career.
Yesterday, CNBC interviewed Baron for his views on Tesla [NASDAQ: TSLA]. What is his forecast for the stock? “I think it is going to be about $500 to $600 next year, and I think it is going to be $1,000 in 2020.” At that time, Baron said, he expects the company to have $70 billion in revenue and to be earning $10 billion in operating profits. By 2020, Tesla says it expects to be selling one million cars per year.
Baron is a major Tesla shareholder. He noted that he bought about 1.6 million shares at an average share price around $208 to $210. Marketwatch reports that “Tesla is the fifth largest holding in the Baron Opportunity Fund which first bought shares back in June 2014… [and] so far this year, the Baron Opportunity Fund has absolutely crushed the S&P 500 and its fund peers, surging 26%.”
And Ron Baron is not alone when it comes to his outlook on Tesla. Yesterday, Teslarati reported that Berenberg (based in Germany) is also extremely bullish on Tesla — upgrading its price target to $464. Berenberg’s Alexander Haissl explains, “With no clear pathway to high-volume EV production for these OEMs [original equipment manufacturers] before the mid-2020s, Tesla will be given a near-monopolistic opportunity to gain market share and outcompete the incumbent automotive industry.”
Berenberg’s Haissl also believes that Tesla’s “best-in-class cost base and production processes” will allow it to generate 50% more profit per vehicle than its competitors in the coming years. Haissel notes, “Tesla’s disruptive potential encompasses the vehicle, the entire production process and the product-to-market strategy. Once the business reaches scale, the cash generation potential is significantly superior to existing premium OEMs.”
The post Billionaire investor sees Tesla (TSLA) crossing $500 in 2018 and $1000 by 2020 appeared first on TESLARATI.com.
Assistant Attorney General Rock Wood, who represented the legislators, told Judge Ellen Carmody Thursday that courts generally only lift the veil of internal communications for criminal cases and for civil cases involving voting rights and redistricting, as reported by the Detroit Free Press.
“There would be no reason to make an exception for the Tesla lawsuit,” Wood said.
Wood went on to say that if Carmody allows access to lawmakers’ records in such a case, there will be a raft of lawsuits aimed at harassing and intimidating lawmakers to the extent that “legislators are spending all their time on this, and can’t legislate,” Wood said.
Tesla attorney John Bursch, a former state solicitor general, said there’s no privilege for communications between lawmakers and third parties, such as lobbyists.
And because the case is about potential economic discrimination that harms consumers and violates the commerce clause of the U.S. Constitution, communications among lawmakers and between lawmakers and their staff members are also subject to subpoena, Bursch told the court.
The electric automaker had subpoenaed records from Governor Rick Snyder, Senator Joe Hune and Representative Jason Sheppard and others in its federal lawsuit against Snyder.
Tesla especially zeroed in on Senator Hune, who has received contributions from the Michigan Automobile Dealers Association. According to the Detroit Free Press, Tesla attorney John Bursch said in court Thursday that Hune was subpoenaed because he introduced the last minute amendment that effectively created the Anti-Tesla law and that his wife, Marcia, “works for the auto dealers” as a registered lobbyist employed by a firm that has the Auto Dealers of Michigan as a client.
The Hunes had not responded to Detroit Free Press’s request for comment and Sheppard declined a comment through a spokeswoman.
The subpoena also included Representative Sheppard, who wasn’t in office at the time. His inclusion comes from his statement to a Tesla representative that Michigan auto dealers and manufacturers don’t want Tesla in Michigan, “so you’re not going to be here,” as recounted by Bursch.
The subpoena hearing stems from a lawsuit against Snyder, Michigan’s Secretary of State Ruth Johnson and state Attorney General Bill Schuette over a 2014 state law that has colloquially become known as the Anti-Tesla bill. The law bans automakers from selling vehicles directly to consumers, which is Tesla’s sales model.
Tesla’s complaint outlines that the law’s purpose is “to reward the dealers’ generous lobbying efforts by handing them a monopoly,” as we previously reported.
Tesla is seeking two things from the lawsuit: a declaratory judgment that Michigan’s ban on direct-sales violates the Due Process, Equal Protection, and Commerce Clauses of the Constitution as applied to Tesla and a permanent injunction preventing state officials from enforcing the law, including the October 2014 amendment.
The post Tesla subpoena hearing update: Claims of corruption in Michigan appeared first on TESLARATI.com.
Tesla has confirmed that it is now in talks with the Shanghai municipal government to build a Gigafactory and manufacture cars in the city’s tech sector, according to Reuters.
“While we expect most of our production to remain in the U.S., we need to establish local factories to ensure affordability for the markets they serve,” Tesla said in a statement.
[Photo credit: Tesla]
Chinese regulations require Tesla to enter into a joint venture with a local company to manufacture vehicles in the country. While Tesla hasn’t announced a partner yet, all eyes are on Tencent Holdings, the Chinese internet company that holds a 5% stake in Musk’s company.
The EV company has not said which vehicles it plans to produce in China if and when the deal goes through, but the Reuters report cites a supplier source who says the company is considering Model 3 and Model Y production there.
The company plans to release more finalized plans by the end of 2017.
Tesla has previously shared that it is looking to build vehicles and batteries in China which would allow the company to avoid a 25% tariff on vehicles it sold in the country. Last year, Tesla’s sales in China tripled to over $1 billion, or roughly 1/7th of its total sales.
The company currently builds all of its vehicles in its Fremont factory in northern California and ships them worldwide, though the other half of its supply chain is firmly rooted in batteries. Tesla produces its newest 2170 lithium ion battery cells – the same cells being used in Tesla’s Model 3 – exclusively at Gigafactory 1 in Sparks, Nevada.
Tesla shares popped 1.5% at the news of the talks, leading to $382 in midday trading.
Home Depot announced that it is aligning with Tesla and GE to add solar installations at 50 stores as it pushes forward with its sustainable energy plans. The company said that the installations areessentially creating mini solar farms out of unused rooftops.”
The initiative will reportedly reduce annual electricity grid demand by around 30 to 35 percent at each Home Depot store. The companyÂ wrote that this is Â“the equivalent of powering 2,300 average U.S. homes for a year.Â”
The average Home Depot roofÂ is aboutÂ 104,000 square feet and is slated to accommodate 1,000 panels.
22 stores in New York and CaliforniaÂ will be outfitted with the solar panels, six of which with Tesla Powerpacks so as to store and dispatch energy as needed. The remaining 28 stores will be powered by GEÂ’s Current. Those stores will be located in New Jersey, Maryland and Washington, D.C.
Source: The Home Depot PR
Â“Our alternative energy projects are important elements of our sustainability and operations efforts as they reduce carbon emissions while also lowering our energy costs,Â” said David Hawkins, Home DepotÂ’s vice president of labor and operations.
The company says that theÂ solar additions to 50 selected stores will bring the companyÂ’s overall alternative energy footprint to more than 130 MW. Home Depot is aiming to utilizeÂ 135 MW of renewable energy by 2020, which will be in close range once the solar paneled stores come to fruition.
The rooftop miniature solar farms are Home DepotÂ’s latest foray into clean energy. The company also boasts Solar Power Purchase Agreements in Delaware and Massachusetts and fuel cells at more than 170 stores and distribution centers.
The company also announced the Los Mirasoles Wind Farm in Texas thisÂ January and in June added the Zopiloapan Wind Farm in central Mexico.
Tesla Powerpack in Mira Loma Substation (Source: Tesla)
As for TeslaÂ’s involvement, its Powerpack is the companyÂ’s commercial battery systems. Powerpack was recently in the news after Transgrid, an Australian transmission operator, announced it would utilizeÂ a 250 kilowatt, 500 kWh Powerpack installation in New South Wales. The goal of that Powerpack was stated to be an ensured management of fluctuating energy demand as well as a preventive strike against blackouts.
Home Depot says that the 50 stores will continue undergoing construction throughout the rest of 2017.
By Guest Nicole
Un grupo de voluntarios de la organización mundial de los testigos de Jehová trabajó arduamente en Puerto Rico para atender la situación de emergencia que dejó el huracán María en la isla.
Según un comunicado de prensa, esta organización estableció 10 centros alrededor de la isla para distribuir ayuda humanitaria y coordinar labores de reparación y reconstrucción de casas.
“Hasta el momento, se han reparado aproximadamente unos 1,200 hogares y se estabilizó a más de 3,000”, lee el documento.
Leer más: https://www.noticel.com/el-tiempo/huracanes/testigos-de-jehova-voluntarios-socorren-a-victimas-del-huracan/777673353
By Guest Nicole
Un individuo fue asesinado cerca de las 12:21 de la madrugada del jueves en la Avenida Regimiento 295 de Infantería frente a SalÃ³n del Reino de Testigos de JehovÃ¡ ubicado en la UrbanizaciÃ³n Valle Tolima de Caguas.
SegÃºn el parte policiaco, el occiso es Jorge L. RodrÃguez Acevedo de 28 aÃ±os y residente de Gurabo.
Leer mÃ¡s:Â https://www.telemundo51.com/noticias/puerto-rico/Ultiman-hombre-en-un-carro-en-Caguas-474817403.html
By Guest Nicole
El gobernador Ricardo Rosselló Nevares emitió hoy un veto expreso a la medida de la Cámara conocida como el proyecto de libertad religiosa.
Reacciona el presidente de la Cámara
Méndez dijo esta tarde que el gobernador fue inducido a error y por eso fue que vetó el llamado proyecto de Libertad Religiosa.
"Respeto el poder constitucional del gobernador, pero creo que lo indujeron a error las personas que le recomendaron el veto. El proyecto buscaba proteger el derecho que ha sido refrendado por legislación federal y las decisiones del Tribunal Supremo en términos de que nadie puede discriminar contra nadie", dijo Méndez en entrevista con El Nuevo Día.
Méndez mencionó jurisprudencia que protege a "sectas", en referencia a los Testigos de Jehová, que "pueden entrar a un lugar donde el Estado o asociaciones les han prohibido entrar".
¿Irán por encima del veto?, se le preguntó.
"Ese análisis lo vamos hacer y lo de nosotros es sencillamente que la política pública del estado es defender la libertad de las personas, expreearse sin afectar los derechos de los demás", respondió.
Leer más: https://www.elnuevodia.com/noticias/politica/nota/gobernadorvetaelproyectodelibertadreligiosa-2396746/
via .ORGWorld News
By Guest Nicole
"Estamos viviendo un momento histórico".
Esas fueron las palabras que pronunciÃ³ este viernes Jay Weatherill, el primer ministro de Australia Meridional, estado del sur de Australia, cuando anunciÃ³ la puesta en marcha de una enorme baterÃa de iones de litio producida por Tesla,Â la mÃ¡s grande del mundo.
El sistema fue activado cerca de Jamestown, un parque eÃ³lico al norte de la ciudad de Adelaida, la capital regional, y contribuirÃ¡ a evitar los apagones y mejorar el suministro elÃ©ctrico de la zona, que sufre problemas de energÃa desde hace tiempo debido a lasÂ constantes olas de calor.
Leer mÃ¡s:Â http://www.bbc.com/mundo/noticias-42195321
Alphabet is trying to restore Puerto Rico cell service with a network of giant balloons…seriously.
President Trump sent Puerto Rican bonds ducking for cover when he suggested he might “wipe out” the U.S. territory’s $73 billion in debt. And while that would alleviate the devastated island’s battered balance sheet, this would spell trouble for its investors.
No surprise that prices on PR’s 2035 general obligation (GO) bonds slid to a record low of 30.25 cents on the dollar from 44 cents the day before.
Two questions we have about Trump’s remarks: 1) If he is serious, could he do this? and 2) What are the chances it’ll happen?
1) Trump can’t wave his hand and make over $70 billion in debt disappear…he’ll need help from bankruptcy courts.
2) Mick Mulvaney, head of the Office of Management and Budget, said not to take Trump literally: “I won’t take it word for word with that.”
Apparently no one told that to the bond gods.
By Bible Speaks
Video on Disaster Relief Efforts in Caguas Puerto Rico - ????????
Visit Jw.org under "Newsroom" for a complete Overview of Hurricane Irma.
(2 Corinthians 1:3,4.)
Tap on Video Link mp4 ______Enjoy! ??
via TheWorldNewsOrgWorld News
A cruise ship helps out Puerto Rico evacuees since the US Navy / Government apparently is unable....By TheWorldNewsOrg
via TheWorldNewsOrgWorld News
By Guest Nicole
Impact of Hurricane Maria on Puerto Rico, public power supply devastated
PUERTO RICO Besides injury, not one of the Jehovah’s Witnesses in Puerto Rico were affected by what has been described as the most devastating Hurricane in the history of the Carribean.
Hurricane Maria which made land fall in Puerto Rico as a category 4 storm killed 16 people, Governor Ricardo Rosello of Puerto Rico has said. The hurricane disrupted communication and power supply, effectively cutting off Puerto Rico from civilisation.
Insured loses is currently put at about $40 to $85 billion. But despite this devastation, Jehovah, their God preserved his people alive. Only one person was injured, the JWs said inna statement.
Â“As of September 25, 2017, information from 15 of the 19 circuit overseers in Puerto Rico has been received and only one injury has been reported among our brothers as a result of Hurricane Maria.
Â“We have yet to receive updates from the four circuit overseers on the west side of the island, since communication has not been possible. Brothers from nearby circuits have been acquiring motorbikes and all-terrain vehicles in order to travel to the west side to assess the situationÂ”, they said, adding Â“We continue to keep our dear brothers and sisters in our prayers.Â—James 5:16Â”.
By Bible Speaks
Last minute news | more information about Puerto Rico after the passage of hurricane Maria
For today, 25 September 2017, information is already available from 15 of the 19 circuit superintendents serving in Puerto Rico. It was reported that there was only one person injured because of hurricane Maria. We are still waiting for news of the four circuit superintendents on the west side of the island as it has not been possible to communicate with them. Nearby circuit brothers have achieved motorcycles and SUV vehicles to visit the west area and learn more.
We continue to pray for our brothers (Santiago 5:16).
By Bible Speaks
Puerto Rico a Total Disaster!
A dog looks out of a house flooded by Hurricane Maria, in Catano town, Juana Matos, Puerto Rico, on September 21, 2017.
Puerto Rico braced for potentially calamitous flash flooding after being pummeled by Hurricane Maria which devastated the island and knocked out the entire electricity grid.Â
The hurricane, which Puerto Rico Governor Ricardo Rossello called "the most devastating storm in a century," had battered the island of 3.4 million people after roaring ashore early Wednesday with deadly winds and heavy rain.Â
?: Hector Retamal/AFP/Getty Images
By Guest Nicole
TRANSCRIPCIÓN-ASAMBLEA ESPECIAL EN PUERTO RICO.pdf
By Guest Nicole
By Guest Nicole
THE MODEL 3, Tesla's long-awaited mass-market electric vehicle, launches Friday to what will no doubt be significant fanfare. The unveiling isn't only a coming-of-age party for the nascent car manufacturer; it feels like a significant moment in EV history, too. “It is the car that has been promised to us since the inception of this industry,” says Terry O’Day, who heads up marketing at the electric charging company EVgo. “It’s the moment that we demonstrate a mass-produced vehicle that is affordably priced and has features that don’t require consumers to compromise in any way.”
That's a lot of pressure for the relatively small carmaker. What if it doesn't live up to expectations?
The answer to that question almost doesn't matter. At least not for the general public. If the Model 3 does well, it's a win for the electric vehicle market. And if the worst happens—say, a factory grinds to a halt and creates gigantic production delays—future EVs can coast off Tesla’s cultural cache. This is the company that managed to make electric vehicles cool. (Remember when Tyler the Creator bought a Tesla?)
So, in a sense, no matter the outcome, Tesla has already succeeded by pushing EVs into the public consciousness—and onto the market. The less sexy, but cheaper, Chevrolet Bolt is on the roads. So is the fully electric BMW i3, which will be followed by fully electric Minis and X3s in the next three years or so. Volvo’s making an electric pivot come 2019. Battery technology continues to improve at a surprising rate, and Bloomberg New Energy Finance predicts the number of electric cars on the road will overtake internal combustion ones by 2038.
Read more: https://www.wired.com/story/tesla-model-3-electric-market/
By Guest Nicole
Agentes de la División de Arrestos Especiales y Extradiciones del SAIC, Policía de Puerto Rico, trasladaron el viernes al País a través del proceso de extradición, a una pareja de hermanos que se hacían pasar por Testigos de Jehová para acceder a sectores residenciales y realizar atracos; señaló el teniente I José L. Rosa López.
Los prófugos fueron identificados como Lilliam Claudio Reyes de 56 años de edad y Dennis Claudio Reyes de 46 años.
Contra la pareja pesan cargos por Apropiación Ilegal Agravada y Escalamiento Agravado tras la determinación de causa para arresto por el juez Rafael A. Villafañe del Tribunal de San Juan, emitido el pasado 25 de marzo del 2014 en hechos ocurridos el 1 de abril del 2014.
Se alega que el dúo tuvo acceso a una residencia de la urbanización Río Piedras Heights, donde alegadamente forzaron la entrada y se llevaron pertenencias de valor.
De la investigación se desprende que ambos, naturales de Río Grande, llegaron a la comunidad con una sombrilla en manos donde caminaron varias calles mientras observaban en el interior de varias de las residencias antes de escalar el hogar del perjudicado. La propiedad hurtada fue valorada en $3000.
Los imputados son señalados por más robos y escalamientos en San Juan y Bayamón.
Ambos fueron localizados y capturados en Ocala, Florida.
La fianza global de Dennis Claudio asciende a $170 mil de fianza y $20 mil de fianza para Lilliam Claudio.
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