If you were wondering how Tesla managed to hire away Google’s longtime Vice President of Finance Jason Wheeler, now you know. In a SEC filing published yesterday, Tesla disclosed its new CFO’s stock option plan of ~200,000 shares – worth over $46 million.
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Tesla is currently using a hardware suite of sensors from Mobileye to get the input needed for its Autopilot system to control the Model S on highways and under some specific road conditions. But as it is often the case with Tesla (like for its seats), the company is looking to discontinue Mobileye’s system in favor of bringing it in-house, according to an email exchange between Tesla CEO Elon Musk and George Hotz, a software engineer mainly known for being the first person to jailbreak the iPhone.
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Tesla CEO Elon Musk was at the AGU Fall Meeting today for the Presidential Forum and made some comments about Tesla’s battery factory under construction in Nevada.
Musk said that the battery cells the company will produce at the Gigafactory in partnership with Panasonic will feature some “moderate improvements” in technology over those in production today.
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Stanford recently released the video of a talk between Tesla CEO Elon Musk and investor Steve Jurvetson. The discussion focused on Musk’s vision of the future and if you are an avid watcher of Musk’s interviews, you probably will not learn much from the hour-long video, but we still found a few interesting moments worth sharing.
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As Signature Model X reservation holders are still patiently (or impatiently) waiting for a delivery date from Tesla, one more Founders series owner managed to get his hands on the all-electric SUV. This time its the #36, a significant jump from the last reported #13 delivered to Venture capitalist Chamath Palihapitiya.
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Tesla launches in Mexico this week by opening a “Pop-up” store in the Mexican capital and we learn that the company hired Google’s longtime brand and communications manager for Latin American markets, Ricardo Blanco, to lead Tesla’s communications and marketing in the country.
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Hyperloop Technologies Inc. announced today a deal with Nevada officials to build a new test track for “Propulsion Open Air Test” (POAT) in the state. Hardware will begin arriving this month at the Apex Industrial Park in the City of North Las Vegas, and testing should begin in early 2016.
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During the conference call to discuss the company’s third quarter financial results on November 3rd, Tesla CEO Elon Musk warned that the company will push software updates to add restrictions to the Autopilot.
Now we learn that Tesla started pushing these constraints to some Model S owners on Sunday – about a month after announcing it.
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On the margins of the UN conference on climate change in Paris, Elon Musk was at the Pantheon-Sorbonne University yesterday for a talk about what can be done to curb CO2 emissions, which he followed with a Q&A with students.
The main point Musk was trying to make during the talk was that the fundamental problem with carbon emission is that companies are currently incentivized to use fossil fuels rather than sustainable energy. He argued that to end the incentives, you need to attach a price to carbon emissions, and the best way to that is to introduce a carbon tax.
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Local news reports in Chile are stating that “senior Tesla executives” met with government officials to evaluate a partnership with state-owned mining company Codelco in order to source lithium in the country.
The agreement would presumably be to supply Tesla’s Gigafactory under-construction in Nevada.
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According to Nasdaq’s latest short interest update, the total short position on Tesla’s stock increased to 27,367,931 shares – its highest since March 2014. The short position is almost as important as Tesla CEO Elon Musk’s own stake in the company: 28,371,342 shares or about 29% of the float.
Update: A source close to the company tells us Rose is not working on Google’s car project. We are also hearing that he might have been let go at Tesla.
Robert Rose has an impressive resumé as a software engineer. He worked at HP while completing his MS in Electrical and Computer Engineering at Oregon State University. He then developed award-winning PSP games at Sony such as Syphon Filter: Dark Mirror and Resistance: Retribution.
In 2009, he moved to California to be the lead software engineer for SpaceX’s first Falcon 9 and Dragon flight. He quickly became Director of Flight Software, a position he held until July 2014. After a brief stint at machine learning firm Vicarious, he joined Tesla last May to lead the Autopilot team into the release of v7.0 update, which enabled ‘Autosteer’ and ‘Auto Lane Change’.
According to his LinkedIn profile, Rose left Tesla right after the release of the Autopilot in October and a month later, we learn that he joined Google.
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It’s no secret that Tesla’s retail strategy is inspired by Apple’s. In 2010, the automaker hired George Blankenship as VP of Store Design & Development. Blankenship was a GAP veteran who led Apple’s real estate business from 2000 to 2006 and to whom Apple Store’s early success has been largely attributed.
Blankenship retired in 2013, but apparently it wasn’t the end of the connection between the retail strategies of the two companies. We learn that earlier this month, Tesla hired the team leader of the architectural team for Apple Stores at Callison, an international architecture firm.
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Venture capitalist Chamath Palihapitiya announced via Twitter that he took delivery of his ‘Founders series’ Model X #13, which he described as the “sickest car on the planet”. He joins a select group of Model X ‘Founder’ owners including, NVIDIA CEO Jen-Hsun Huang, Tesla board member Steve Jurvetson and Tesla CEO Elon Musk himself.
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SpaceX is moving forward with its Hyperloop prototype test track for its “pod competition”. The company released the revised specifications of the test track (embed below) in which the competing teams will race their pods. The track will be 1-mile long , have a 6-ft diameter and be capable of creating a 99.8% vacuum environment.
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Between established automakers accelerating their electric vehicle programs and the newcomers in the EV industry – like Apple, Faraday Future or Atieva – engineers with battery experience are not short on employment opportunities. Earlier this year, Apple poached several battery tech experts from A123 Systems and we also reported that about 1 in 8 of Faraday Future’s ~400 employees is formerly from Tesla Motors.
From an executive’s standpoint, retaining talent in a specific field can be challenging on its own, but for Elon Musk, CEO of both Tesla and SpaceX, it can be even more complex when both companies he’s managing require talent in the same field…
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Tesla CEO Elon Musk and CTO JB Straubel were in Korea this week and they attended the Energy Korea Forum 2015. Local South Korean news reported on comments made by Straubel during a Q&A session at the forum, the CTO said that Tesla is “committed” to the South Korean market and that he sees a “great potential” there. Although he didn’t offer a concrete timeline on when the company plans to start selling cars in the country.
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According to Reuters, Tesla issued a voluntary recall for all of its Model S sedans on Friday. The cause of the recall appears to be a seatbelt assembly.
Nov 20 (Reuters) – Tesla Motors Inc said Friday it is recalling all 90,000 Model S sedans produced to check for a possible defect in the front seat belt assemblies.
The cost of the worldwide recall will be “immaterial,” the company said. The problem was discovered after a single report to the company in early November of a seatbelt assembly breaking when a customer in the front passenger seat of a Model S on the road in Europe turned to talk with passengers in the rear seat.
TSLA’s share price is dipping 5 points or 2.5% currently as a result.
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Tesla CEO Elon Musk took to Twitter Thursday night to announce that Tesla is ramping up the hiring for the Autopilot software team in order to achieve “generalized full autonomy”. Under its current version, the Autopilot can steer the car on highways and change lane by simply activating the turn signal, but to get to full autonomy, Tesla will need to update its software and suite of sensors.
[tweet https://twitter.com/elonmusk/status/667516705116065792 align=’center’]
Musk describes the project as “super high priority”. The CEO added that the Autopilot team reports directly to him and no prior experience in the automotive industry is required, but he is looking for “hardcore” software engineers.
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Tesla is temporarily disabling the ‘Autosteer’ and ‘Auto Lane Change’ features of the Autopilot for Model S owners in Hong Kong after a formal request from regulators at the Transport Department . The features were recently introduced to the Model S with the version 7.0 software update.
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During the past few months, rooftop solar installer SolarCity has been watching its stock price plummet, along with most of the solar industry. During the past week, Chairman Elon Musk bought 3 blocks of shares between $25.20 and $26.45 to add over 500,000 shares to his now total of 21.3 million shares or about 21% of the company.
Now just a few days after the disclosure of the stock purchase, we learn through a press release from Silver Lake Kraftwerk that Musk invested an additional $10 million in the company through convertible senior notes along with $100 million from Silver Lake and $3 million from SolarCity CEO and Musk’s cousin, Lyndon Rive.
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A new source with connections at Tesla’s design group has informed me that late stage tweaking of the Model 3 is being done with an eye towards extreme minimization of wind resistance. The Model 3, which of course is the renamed Model E, is scheduled to be shown off for the first time publicly in March of 2016. The mass market Tesla is expected to be a smaller sedan/crossover platform that resembles the BMW 3 series in size. The range of the vehicle is expected to start at 200 miles and go up from there with various size batteries and drivetrains. The majority of Tesla employees are now working on this car.
What I’m hearing internally is that CEO Elon Musk is intensely driving the engineering designers to deliver a design with a drag coefficient lower than .20 which would make it the lowest of any mass production car in the world and close to extreme vehicles like GM’s EV1 and Volkswagen’s XL1 (pictured above), – both cars that have flat rear wheel covers…
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Tesla CEO Elon Musk described the Gigafactory in Nevada as a product, calling it the “Gigafactory 1” – implying there will eventually be a “Gigafactory 2”. This second battery factory could end up being built in Germany according to comments made earlier today by Vice-Chancellor and Economy Minister Sigmar Gabriel.
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