Tesla caused two-thirds of my personal and professional distress

SpaceX founder and Tesla Inc. Elon Musk will arrive at the Axel Springer Awards ceremony in Berlin, Germany, on Tuesday, December 1, 2020.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

Tesla CEO Elon Musk said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to renewable energy, but now battery cell supplies are tight. It is restricted because it is.

He also admitted that Tesla has not yet manufactured a custom-designed 4680 cell for commercial use in electric vehicles and energy storage systems.

Comments were received during a performance at the B Word Conference, which focused on Bitcoin and other cryptocurrencies. In the panel, Square Crypto leader Steve Lee told Musk that the energy-intensive Bitcoin industry “to accelerate the transition to renewable energy” and “can Tesla energy play a role?” I asked.

“Well, I think Tesla can play a role,” Musk replied.

Then the 50-year-old CEO rushed into a moment of remorse. This suggests that all of Tesla’s existence was to move the world to clean energy.

“I think I had a pretty tough life experience. Tesla probably bears two-thirds of my personal and professional distress, which gives me a sense of perspective.”

Tesla’s Energy Business

Tesla has been selling commercial and residential solar equipment since it acquired SolarCity for about $ 2.6 billion in 2016. This month’s Delaware Court.

However, before entering the solar business, Tesla created and launched energy storage products in 2015. It includes a home backup battery called Powerwall and a large battery that can store intermittently generated solar or wind energy, so it’s always available in the utility. I need it.

Tesla has installed a number of these utility-scale energy storage systems, and Mask reminded the audience on Wednesday. This helped utilities “level out the load on the grid,” including South Australia and other regions. But he said battery production is currently constraining production.

“In fact, our current limiting factor is cell production. Therefore, we need to both produce Tesla’s internal battery cells in-house and increase supply from our suppliers.”

Musk also reiterated that even if Tesla could build its own battery cell, it would still depend on other battery cell makers. Current cell suppliers include Panasonic, LG and CATL.

“Generally, when I talk to suppliers, they say,’How many cells do you want?’. I say,’How many cells can you make?’ Will Tesla compete with them in the cell? If you want the cell to be a guest, I’m like no. You just need a crazy number of batteries. “

so Twitter exchange Together with fans after the Bitcoin conference, Musk wrote that Tesla was “not yet complete” by the time it reached “mass production” of custom-designed 4680 battery cells.

He also said that Tesla sold Maxwell Technologies’ ultracapacitor business and other assets to UCap Power, a San Diego-based startup led by Gordon Schenck, formerly Vice President of Sales for Maxwell at Tesla. recognized.

Tesla initially acquired Maxwell in 2019 with over $ 200 million in transactions. The exact terms of the sale to UCap Power Inc. have not been disclosed, but may be discussed when Tesla makes its second-quarter earnings announcement on Monday, July 26.

Finally, at the B Word conference, Musk said that energy storage systems that combine solar and wind are not the only way to move Bitcoin to cleaner energy. He approved existing hydro, geothermal, and nuclear energies to reduce the environmental impact of Bitcoin mining.

“My expectation is that energy production must not be as pure as snow, but we can’t even use the world’s dirtiest coal that was there, so Tesla supports it. It’s difficult. Situation. I think long-term renewable energy is actually the cheapest form of energy. It doesn’t happen overnight. “

Tesla caused two-thirds of my personal and professional distress

Source link Tesla caused two-thirds of my personal and professional distress

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