12 Dec

Elon Musk News 12/12/2016

Daily Elon Musk News


Elon Musk seeks more California gold

“We don’t have a crystal ball,” Hector De La Torre, an Air Resources Board member, told me. “We don’t know what will take off. Fuel cells, electric, and anything else, as long as it is zero or pretty close it. That’s always been our mantra.”

The issue confronting the state is not what’s good for Tesla, or any other manufacturer, but rather how to persuade consumers that zero-emission vehicles make sense. After reaching 3.2 percent of the roughly 2 million new cars sold in California in 2014, the percentage has fallen to 3 percent. With pump prices low, gasoline sales are rising.

Musk has built a sleek car. But Tesla hasn’t turned a profit yet. Subsidy will remain important to his company’s future. That helps explain why he is building the massive battery factory in Nevada. Gov. Brian Sandoval provided $1.25 billion in subsidies, far more than California was willing to offer.

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Elon Musk To Attend Trump Meeting Orchestrated By Musk’s Business Partner

Billionaire Elon Musk is attending President-elect Donald Trump’s tech industry meeting, which is being orchestrated by the tech-entrepreneur’s business partner, The Wall Street Journal reported.

Musk is the CEO of Tesla Motors and SolarCity, and is a close associate of Peter Thiel, the tech investor who backed Trump during his presidential campaign. Apple CEO Tim Cook  and Facebook COO Sheryl Sandberg will also appear at the Wednesday meeting.

They were both founders of PayPal — and Thiel’s venture-capital firm Founders Fund also contributes millions of dollars to SpaceX.

SpaceX has been awarded contracts valued at more than $6.5 billion over the past eight years, mostly to delivering cargo to NASA’s primary space station. It’s also working on securing contracts from the Air Force valued at more than $100 million.

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