“Whatever Tesla Motors (TSLA) CEO Elon Musk reveals in the coming week about building an electric-car battery factory, it’s sure to fuel speculation about where Tesla can go with it, and one other thing: round-the-clock solar power,” Donna Howell reports for Investor’s Business Daily.
“Synergies between Tesla and cousin company SolarCity (SCTY) don’t end with Musk,” Howell reports. “Tesla already has started making some battery packs for SolarCity. More insights on synergies might come out when SolarCity reports its Q4 earnings after the close Monday. And more clues could emerge from the ‘Tesla Gigafactory’ conference call that Musk plans in the coming week.”
“Besides being CEO of Tesla, Musk is chairman and a major shareholder at SolarCity, where his cousin is CEO,” Howell reports. “Analysts expect Tesla’s current lithium ion battery partner Panasonic will play a role in the factory. And after word about Tesla talks with Apple (AAPL) surfaced recently, analyst Kallo told IBD that Apple could conceivably be an additional user of batteries made at the plant.”
MUCH more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
This is very cool. Hopefully it will produce a large number of good paying jobs. I wish there were more stories like this. Thank goodness we saved our great auto industry with the bail out, and thank goodness for visionaries like Elon Musk, who is the Steve Jobs equivalent for his industry.
I’m glad he’s partnered up with Apple and not wasting it down the Microsoft Poop Shoot. A place where good technology goes to die.
Going to need a big fire department.
??? Why?
My guess is, he’s referring to lithium batteries catching fire. Tesla is investing heavily to develop safer battery’s that don’t possess the shortcomings of earlier iterations. They’re not 100% there yet, but they keep getting closer to that end. This issue was one of the biggest threats to their success, so of course they’re fully focused on resolving any and all issues with their advanced technology. Musk is no dummy and I’m confident they’ve addressed the battery issues and continue to make further improvements.
Feeble attempt at sarcasm, I just ignored the post. It was obviously posted by someone who isn’t very intelligent.
I love the idea of a solar powered factory of anything at all. It changes the industrial game. And a solar-powered facility to build and recycle batteries is even better. But “round the clock” solar power seems impossible even for Elon Musk.
what is “it’s always sunny in Philadelphia?”