We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksTesla EVs - TSLA

Previous 10 Next 10 
From: Sr K2/24/2021 8:29:46 AM
   of 17027

Bill Gates all but admits that he was shorting Tesla (TSLA)

Fred Lambert

- Feb. 24th 2021 6:29 am ET

After Tesla CEO Elon Musk claimed that Bill Gates has been betting against the electric automaker on the stock market, we have been trying to find out if it was true.

Now Gates all but admits that he was shorting Tesla’s stock (TSLA).

As we previously reported, Musk and Gates don’t always see eye to eye.

Gates has previously made some comments about electric trucks like the Tesla Semi not being viable, and Musk countered those comments recently, but he also added that he believes Gates had a big short position on Tesla (TSLA) at some point.

That was a surprising claim: one of the richest and most influential men on earth, who also happens to be a big voice in the climate change community, literally betting against Tesla.

Recently, the Microsoft founder has had better things to say about Tesla and Elon Musk as he is on a tour to promote his new book.

We reported on him saying that “what Elon did with Tesla is one of the greatest contributions to climate change anyone’s ever made” on the Sway podcast last week.

But everyone is asking him if it is true that he shorted Tesla’s stock, and Gates has been somewhat evading the question.

Now in a new interview on Bloomberg, Gates all but admitted that he has been shorting Tesla’s stock when asked directly about it:

Well, you know, I think Tesla is an amazing company. I wish I’d owned or been more on the long side (laugh), but it’s great. I have lots of relatives that own Teslas that I helped buy for them so nothing but positive thoughts about Tesla and its role.

Nothing but positive thoughts, but he is not denying having shorted Tesla, and him talking not having been “on the long side” could be admitting that he was shorting.

Here’s the relevant segment of the interview:

Gates was given another opportunity to disavow his rumored short position on Tesla a week ago on CNBC and he squirreled around it.

Electrek‘s take

I am surprised and disappointed by Gates here. As I previously stated, I didn’t think he would be the type to short Tesla.

Unlike Elon and a lot of people in the public folIowing what happened with Gamestop, Reddit, and Robinhood, I don’t have an actual problem with shorting. I think there are artificial pumps and frauds on the market, and I think it’s fine to bet against those.

But when it comes to shorting Tesla, it’s a bit different for me.

I understand if you believe that the company is overvalued and you want to make money on a correction, but I feel that betting against Tesla’s stock is also betting against accelerating the electric transition.

Tesla has used its high valuation to raise money and accelerate its mission.

I wouldn’t want to bet against that, and it sounds like Gates is, or at one point was, okay with that.

Though to be fair, it sounds like he changed his mind. Maybe other Tesla shorts should do the same.

Share RecommendKeepReplyMark as Last Read

From: nigel bates2/24/2021 8:46:11 AM
   of 17027
Hyundai EV battery recall: 82,000 electric vehicles at fire risk

Full battery replacement - about $900m cost.

Share RecommendKeepReplyMark as Last Read

From: kidl2/24/2021 12:52:51 PM
   of 17027
Elon Musk explains what happened to Tesla Model Y Standard Range

In a few words, the Model Y Standard Range got the "$35,000 Model 3" treatment.

Share RecommendKeepReplyMark as Last Read

From: Sr K2/24/2021 5:46:50 PM
   of 17027
Tesla prepares cloud-based driver profile ahead of ‘Tesla Network’ ride-hailing app launch

Fred Lambert

- Feb. 24th 2021 1:49 pm ET

Tesla is preparing to move all driver data and settings into the cloud ahead of the launch of its “Tesla Network” ride-hailing app launch.

Driver profiles exist in Tesla vehicles and are linked to keys (or phones through the Tesla app) in order to automatically have your seat, mirror, music settings, etc. set in your vehicles as you get inside.

Now they are becoming increasingly important in Tesla vehicles as the automaker is looking to launch its “Tesla Network,” which is expected to be a ride-hailing service.

Tesla is also linking more features to its driver profiles as its vehicles are increasingly becoming entertainment platforms with video games and streaming platforms taking up more space in Tesla’s user experience.

Now, Green, a Tesla hacker well known for finding new features in software updates, has found that Tesla is working to bringing its driver profiles to the cloud instead of existing in the cars:

Currently inactive, but something to look forward to in the future I guess.

— green (@greentheonly) February 23, 2021

Green explained in simpler terms what Tesla appears to be doing here:

“Tesla is preparing to move profile items to the cloud so when you get into any Tesla car your profile migrates with you (based on your phone app I imagine) – this includes games and other app settings and such in particular.”

This capability is expected to be especially useful for Tesla users getting frequently into new cars, which could be a scenario with Tesla Network.

Electrek’s Take

I think Tesla Network could be both a ride-hailing and a short-term car renting platform – sort of a Uber and Turo rolled into one.

Having your driver profile automatically linked to a new car rented on the platform could be really useful.

As for just riding in the car, whether it is being driven by someone or self-driven, the driver profile could still be useful as a “passenger profile” for all the entertainment-related features.

I think that the move of the driver profile to the cloud instead of being linked to the vehicle is a move toward that.

Share RecommendKeepReplyMark as Last Read

From: kidl2/25/2021 8:28:48 AM
   of 17027
Chip shortage?

Tesla temporarily halts production at Model 3 line in California - Bloomberg

Feb. 25, 2021 5:17 AM ET Tesla, Inc. (TSLA) By: Niloofer Shaikh, SA News Editor 101 Comments
  • Tesla (NASDAQ: TSLA) -1.6% premarket, has told workers it will temporarily halt some production on a Model 3 production line at its car assembly plant in California.

  • Production line would be down from Feb. 22 until March 7.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

From: kidl2/25/2021 9:01:55 AM
   of 17027
Tesla Files Plans to Make Yet Another Production Line Tent Permanent

Production hell seems to be over, but Tesla's tent town isn't going anywhere.

Share RecommendKeepReplyMark as Last Read

From: Eric2/25/2021 9:33:33 AM
1 Recommendation   of 17027

Tesla Megapack project in Victoria gets AU$160M investment

(Credit: Neon Australia)

Share RecommendKeepReplyMark as Last Read

From: Eric2/25/2021 9:47:18 AM
1 Recommendation   of 17027

Tesla battery supplier LG to launch pilot 4680 battery line with a lofty goal: report

(Credit: Tesla)

By Simon Alvarez
Posted on February 25, 2021

Recent reports from South Korea have indicated that LG Energy Solutions, a wholly-owned subsidiary of LG Chem, is building a pilot 4680 battery production line for Tesla. The pilot line is reportedly being constructed quickly, with the project potentially entering operations ahead of Japanese rival Panasonic, which is poised to launch its own 4680 cell production efforts for Tesla as well.

As per reports from South Korean media outlet The Elec, LG is currently transforming some production lines at its Ochang plant. Individuals reportedly familiar with the matter informed the news agency that assembly and electroplating equipment have already been installed in the facility. LG is expected to invest millions of dollars into the venture, effectively rivaling Panasonic’s efforts.

(Credit: LG)

According to the South Korean publication’s sources, Panasonic’s 4680 cell production facility is being prepared at the Japanese conglomerate’s Suminoe plant in Osaka. With Panasonic already going all-in on producing Tesla’s 4680 batteries, LG Energy Solution is reportedly pushing hard in an effort to complete its pilot line before its Japanese rival starts the mass production of the tabless cells.

Last year, Tesla’s unveiling of its 4680 cells sparked multiple efforts from the electric car maker’s battery suppliers, particularly Panasonic and LG Chem. Between the two, Panasonic has been Tesla’s partner longer, with the Japanese firm supporting the electric car maker even before Gigafactory Nevada. LG Chem, for its part, has proven to be assertive, with previous reports from South Korea stating that the firm is looking to dethrone Panasonic as Tesla’s primary battery supplier.

Panasonic, for its part, does not seem intent on giving away its position as Tesla’s primary battery partner either. In a statement last year, Panasonic President Kazuhiro Tsuga noted that plans for the production of Tesla’s 4680 cells started immediately after Battery Day. Tsuga has even stated that Panasonic has no concerns whatsoever about the premise of Tesla becoming a competitor in the battery sector in the future.

“We have begun development of a new automotive battery, the 4680, for Tesla in the United States. The electrode structure is difficult because of its high capacity. The electrode structure is difficult because of its large capacity. We will make prototypes in Japan and establish a manufacturing method. High reliability is one of our strengths. There is no concern that Tesla will become a competitor (although Tesla is promoting in-house production of the battery),” Tsuga said.

Share RecommendKeepReplyMark as Last Read

From: Eric2/25/2021 10:03:54 AM
1 Recommendation   of 17027
More On Tesla's $25,000 Compact Car: Made In China, Sold Globally

Share RecommendKeepReplyMark as Last Read

From: Eric2/25/2021 12:27:05 PM
2 Recommendations   of 17027
Tesla’s new 4680 battery cell to be produced at LG Korean factory

Fred Lambert

Feb. 25th 2021 11:29 am ET




LG is reportedly preparing to produce Tesla’s new 4680 battery cell at a pilot production line at its own factory in South Korea.

When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry using its own machinery designed in-house last year, some people misunderstood it as Tesla trying to move away from getting battery cells from suppliers.

But CEO Elon Musk made it clear that Tesla still plans to buy as many battery cell as it can from suppliers:

“The reason Tesla is doing its own cell production is in order to accelerate the growth. It is not to make less use of our cell suppliers. In fact, I want to be really clear Tesla wants to increase purchases from cell suppliers. And we’ve been very clear with our cell suppliers, whether it be CATL or Panasonic or LG, that we will take as many batteries as they can produce, so — and we urge them to increase their production and we will buy as much as they can send to us.”

Lately, we have been learning that these cells from other suppliers will also be Tesla’s own new 4680 cells.

Last year, Panasonic announced plans to produce the Tesla 4680 cell itself.

LG Chem, now called LG Energy Solutions, has also hinted at producing a battery cell that sounded a lot like Tesla’s 4680 battery cell.

Now reports coming out of Korea are stating that LG is building a new pilot production line for the cell at its ochang factory:

“LG energy solutions has recently begun to build a pilot production line for Tesla 4680 batteries, according to the elec, a South Korean media report. It is currently transforming some production lines in its ochang plant, and the assembly and electroplating equipment have been installed. LG is likely to invest millions of dollars in the line, a figure comparable to rival Panasonic, which is also preparing pilot production for Tesla’s Suminoe plant in Osaka, according to people familiar with the matter. LG aims to complete the pilot line before Panasonic starts mass production of batteries.”

While they reportedly plan to beat Panasonic to produce the cells, Panasonic’s own timeline hasn’t been clear beyond starting production by the end of the next fiscal year starting April 1.

Tesla is also building the new 4680 cells itself at its own pilot production plant in Fremont, and it is working to deploy full-scale production at Gigafactory Berlin and Gigafactory Texas.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10