Elon Musk ▪ Yesterday
Tesla CEO Elon Musk was at Vanity Fair’s New Establishment Summit earlier this week for a talk with Sam Altman, the President of Y Combinator. New York Times and CNBC contributor Andrew Ross Sorkin moderated the conversion on topics from sustainable energy to artificial intelligence. expand full story
Elon Musk ▪ October 8
Apple’s so-called “poaching war” with Tesla has been a hot topic for the company’s CEO Elon Musk and in a recent interview, Musk fired even more shots at Apple. Speaking to German newspaper Handelsblatt, Musk voiced his lack of concern regarding Apple’s tendency to hire Tesla engineers and executives. Musk recently finished a trip around Europe, speaking with politicians and Tesla employees.
When Tesla Motors negotiated with the state of Nevada to build its battery factory in the desert east of Reno, the state government agreed to give the automaker up to $1.3 billion in tax incentives over 20 years to build the $5 billion project.
But the deal came with several requirements the company needs to meet to get access to the tax breaks. Most of which have to do with employment – Tesla is expected to create up to 6,500 jobs through the Gigafactory once it operates at full capacity in 2020 – but a lesser known requirement was for Tesla to invest in educational research in the state and this week the company fulfilled the commitment by signing an agreement to invest $1 million in battery research with the University of Nevada in Las Vegas (UNLV) over the next 5 years. expand full story
Elon Musk ▪ October 7
Fred did some excellent work sorting out the Model X pricing but I was surprised to hear that I’d be able to buy a Model X for $75K before incentives and $65K with…next year. But how does Tesla get to the $75K price point without going against CEO Elon Musk’s “Model S +$5000” pricing scheme? After all a Model S 70D is currently listed at $75,000. expand full story
As we recently mentioned, there’s been some confusion in the media about the price of the Tesla Model X. The confusion even spread to Wall Street where analysts have been reducing their target price on Tesla’s stock because of the expensive $132,000 price tag circulating in the media.
To be clear, $132,000 is the starting price of the Signature Model X which is already sold out. The Signature comes standard with the performance package (P90D) and several options which increase the price. For example, a maxed out Tesla Model S cost $138,000, but the base version starts at $70,000. Yesterday Elon Musk confirmed at a Vanity Fair conference that the Model X will have a similar price structure starting next year (when Tesla can actually catch up to demand). expand full story
There’s been some inconsistencies and very little information about the Model X’s availability and pricing, but it could change in the coming weeks as Tesla says it will invite the next group of reservation holders to configure their cars in the “next few weeks”. The company sent out an email this morning to people who have a reservation for the production version of the Model X (see email below). expand full story
Elon Musk ▪ October 6
Tesla unveiled the Model X last week and first impressions have been extremely favorable across the board. From safety and performance unmatched by any SUV to the unique windshield and Falcon-Wing doors, the Model X impressed quite a few people including tens of thousands of reservation holders who placed $5,000 to $40,000 deposits to be among the first to get the vehicle. Some of them have been waiting for 3 years to get the all-electric SUV.
But even after the official launch of the vehicle, most reservation holders (estimated 25,000 to 30,000) don’t know when they will get their car or even what it will cost. expand full story