“Processed ore from mines will enter by railcar on one side and finished battery packs will exit on the other.” That’s Elon Musk writing to the shareholders of Tesla Motors (TSLA) on Thursday in a letter (PDF) detailing the company’s second-quarter results and its construction of a battery plant. As expected, the plant will be built in conjunction with Panasonic (6752:JP); part of the facility’s foundation has already…
Tesla’s Model X crossover electric car is going to outsell the company’s Model S sedan, and is “ready to feast” upon an unsuspecting premium SUV marketplace, says the financial firm Morgan Stanley. A report this week stated that the much-anticipated, much-delayed X — not due to be in Tesla stores until the middle of next year — will be a better car and will deliver better sales to the Palo Alto-based automaker. The value of Tesla stock, thus, should be about…
Electric-car advocates often take it as an article of faith that electric propulsion will one day compete directly with vehicles powered by fossil fuels. Many would go further, arguing that electric cars are already competitive with those using an internal-combustion engine, or ICE, in the consumer marketplace. But for battery-electric cars to compete directly, they will need to be…
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