ELON MUSK IS VENTURING HEADFIRST INTO THE BATTERY BUSINESS. Elon Musk – the 44-year-old CEO of Tesla Motors and SpaceX (and the chairman of the solar energy provider SolarCity) is launching a new product line via his electric-car manufacturer – Large batteries that store energy in homes and even larger batteries that do the same […]
Electric car pioneer Telsa Motors on Thursday unveiled a “home battery,” which company founder Elon Musk said would help change the “entire energy infrastructure of the world.” The Tesla Powerwall can store power from solar panels or from the electricity grid at night, when power is typically cheaper, and can provide a secure backup in […]
Apple is working on a car, according to the Wall Street Journal. The Mac maker kicked off a top-secret project to develop an electric car with a minivan aesthetic, per the WSJ’s sources, after CEO Tim Cook approved the project nearly a year ago. It includes “hundreds” of staffers and is led by Ford Motor […]
SpaceX, the space exploration startup helmed by ex-PayPal founder Elon Musk, has confirmed that it has raised $1 billion in new funding, in a round including Google and Fidelity, who join existing investors Founders Fund, Draper Fisher Jervetson, Valor Equity Partners and Capricorn. Google and Fidelity get a ownership stake just shy of 10 percent […]
This video is amazing! If founder Elon Musk is right, Tesla Motors just might reinvent the American auto industry—with specialized robots building slick electric cars in a factory straight from the future. That’s where the battery-powered Model S is born.