Tesla Motors, Inc.

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Why Energy Storage Will Be a Boon for Residential Solar Installers

TSLA

The big difference between solar panels and energy storage for installers is the ongoing operation. Selling and financing those energy storage systems could be a big business for installers, potentially doubling the revenue opportunity of each solar sale. I think the three to watch in this space are Tesla, Sunrun, and SunPower: They'll be the companies doing the most to control energy storage systems long term. Tesla's push into energy storage is all about learning how to control the storage systems.

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Tesla Wants to Turn Superchargers Into Full-Service Convenience Stores

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This Sunday at the FSTEC restaurant-technology conference, Tesla CTO J.B. Straubel suggested the electric carmaker could be branching out into a new business: convenience stores. During the talk, as reported by Restaurant Business, Straubel explained that long-distance Tesla drivers typically spend 20 or 30 minutes at roadside Superchargers - that's how long it takes to add about 170 miles worth of battery power. But how often does a gas station visit actually take five minutes, once a driver has used the bathroom and perused the sandwich case? If Superchargers had more services, the wait time might not seem nearly as long.

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EV Range Anxiety May Be a Thing of the Past

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But if two recent developments are true, the range issue may be a thing of the past. GM and others answered that question by including a gasoline motor, but in all-electric mode, there were few vehicles that offered over 100 miles of range as recently as five years ago. As battery technology advances, it will drive both cost reductions and increased energy density in EVs going forward. If momentum continues, by 2020 the cost of battery packs could be near $100 per kWh, enabling even more affordable EVs.

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Why Tesla Was Right to Extend Its Cars' Battery Life During Irma

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The Tesla Model S 60 owner asked if the automaker would “unlock” the battery capacity of his electric car to get the extra range to hasten the trip. It was a strategy that allowed Tesla to sell a more affordable version of the Model S and X, and gave customers the choice to buy only as much battery capacity as they needed. Wireless software updates are a cornerstone to Tesla’s business. A tech-centric blueprint established in Tesla’s early years is what gave the automaker the power to even offer such a bonus.

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There's no question that Tesla's future is all about China

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• Tesla could amass much more market share in China than in the US or Europe. China could be on the verge of a huge change in how it manages its auto industry — and Tesla could be one of the biggest beneficiaries. And for Tesla, the debate isn't about whether the carmaker should focus on China. In the US and Europe, the markets are mature and even a prosperous Tesla would be under constant, costly pressure to innovate.

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Tesla wants to build 'mega supercharging' stops that sell food and coffee

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That's why the company wants to build new Superchargers near restaurants and coffee shops: to make it a little easier to bide the time. Tesla wants to take the tedium out of the charging experience by turning its stops into convenience stores. Tesla first said it wanted to make Supercharger stations more like traditional restrooms on its second-quarter earnings call. Tesla would not build the amenities, but would work with hotels, restaurants, and shopping areas to turn Supercharger station into enjoyable stopping gaps.

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Tesla might build convenience stores at its charging stations

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Tesla plans to roll out more electric supercharging stations this year, especially in big cities, which should double the size of its network. The company's CTO mentioned early plans to build some locations into rest stops. "People are coming and spending 20 to 30 minutes at these stops," waiting for their Teslas to suck up electric power, Restaurant Businessquoted Straubel saying at the conference. As Grub Street noted, earlier this week at FSTEC, the food tech conference, Tesla's CTO JB Straubel mentioned that folks are already spending time waiting for their cars to charge -- why not make their stay a little more comfortable?

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Tesla’s SolarCity Hangover

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That trust took a slight hit on Friday when the Justice Department announced that SolarCity, a Tesla subsidiary, agreed to pay about $30 million to settle alleged violations of the False Claims Act. Every investor in Tesla has put their trust in Elon Musk to create a very large and very profitable electric-car maker. SolarCity installs solar panels on homes and businesses as part of Mr. Musk’s vision for a clean energy future. The bigger concern is the impact on SolarCity, which Tesla acquired last fall.

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wsj.com
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Tesla is seeing a 4th straight day of losses after hitting an all-time high on Monday

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ET, and have been falling since hitting an all-time high of $389.61 on Monday. Tesla is seeing a 4th straight day of losses after hitting an all-time high on Monday. The next big announcement from Tesla is expected to come later this year, when the company unveils its new semi-truck. Business Insider's Matt DeBord points out that despite small blips of news, Tesla's story is little changed since announcing the Model 3. The company hopes to be making 20,000 vehicles by the end of the year as it works through its backlog of about 450,000 preorders.

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Electric Push: Mercedes plots Tesla attack with $1b US electric push

TSLA DAI

The Alabama factory will assemble electric sport utility vehicles, taking on Tesla’s Model X and making Stuttgart-based Daimler the first European company to assemble plug-in autos in the U.S. “We’re celebrating our 20th anniversary at our production facility in Tuscaloosa, Alabama, and we’re taking this as an opportunity to expand the operation and further fuel growth,” production chief Markus Schaefer said in a Bloomberg TV interview. Daimler AG plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its Alabama factory, setting the world’s largest luxury-car maker up to battle with battery-car specialist Tesla on its home turf. While the investment could ease tensions over President Donald Trump’s claims that too many German cars were being sold to Americans, the real target is certainly the intensifying rivalry with Tesla. Daimler is preparing for a time when sales of battery-powered vehicles finally take off.

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Tesla shares are suffering their worst losing streak in months

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Shares of Tesla Inc. are notching their longest losing streak in more than two months, down for a fourth straight session and poised to end the week off more than 5%. The stock was the second-worst performer on the Nasdaq-100 on Friday, on track for its lowest close in two weeks and, off nearly 3%, its largest. August’s optimism was highlighted by a successful launch of the Model 3, Tesla’s first sedan aimed at the mass market. SPX-0.06% They have underperformed the benchmark, however, in the past three months, with Tesla down 7% versus gains of nearly 3% for the S&P. See original version of this story.

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SolarCity, which is now owned by Tesla, will pay $29.5 million to settle allegations that it lied to the government

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SolarCity, a company Tesla acquired in Nov. 2016, has agreed to pay $29.5 million to resolve allegations that it lied to the government by submitting inflated claims to cash in on a solar stimulus program, the Department of Justice announced Friday. SolarCity, which is now owned by Tesla, will pay $29.5 million to settle allegations that it lied to the government. A SolarCity spokesperson denied the claims, stating that the company was entitled to the full amounts approved by the US Treasury. SolarCity had countersued the US government, claiming it was owed money for installing solar systems that qualified for the grants.

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Amazon Glasses, Toys 'R' Us Bankruptcy, and Tesla-AMD Partnership

TSLA AMZN

Amazon Glasses, Toys 'R' Us Bankruptcy, and Tesla-AMD Partnership. First, the hosts discussed the new reports that Amazon AMZN is working on Alexa-compatible smart glasses. Make sure to check out all of our other audio content at zacks. Check out the full story: Why Toys 'R' Us Finally Filed for Bankruptcy.

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SolarCity to pay $29.5 mln to resolve U.S. government allegations

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The department said there was no determination of liability as part of the settlement with SolarCity, now owned by Tesla Inc , and that the company would also drop related litigation against the government. "Between 2009 and 2013, SolarCity installed approximately 29,000 solar energy systems that were eligible for cash grants," the company said. " The U.S. Treasury Department's Inspector General has been probing the company since at least 2012 in connection with the stimulus program, which allowed rooftop solar panel projects to turn tax credits into cash grants as a way to help subsidize costs. Throughout the years-long Treasury investigation into SolarCity, the company in turn counter-sued the government, claiming the government actually owed it money for solar systems it had installed that qualified for grants.

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finance.yahoo.com
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