Connect with us

News

‘Insane’ Quotes in 2014 from Elon Musk and the Tesla Motors Team

Published

on

Tesla-Model-S-P85D-ChassisElon Musk and the Tesla Motors team provided another year of inspiration and drama, with the gigafactory chase, Wall Street tweets and general company growing pains.

Here are seven quotes from some of the main players at Tesla Motors in 2014:

7. Automotive companies are pushing self-driving capabilities for next-generation cars and this is what Elon Musk said right before the Model S P85D announcement in California via CNN Money:

Musk: “A Tesla Car next year will probably be 90 percent capable of autopilot.” On the highway, Musk is “for sure” confident the car will be able to drive itself. Tesla’s a Silicon Valley company. If we’re not the leader, shame on us.”

6. Earlier this year, I posted a teardown of the Model S’s center stack (control screen) in “Video | Tesla Motors Teardown Unveils a Tech Company,” and Musk’s take on the company:

Musk: “We’re a technology company making electric cars. What’s very important is sustainable transport. Autonomous driving is a nice to have but not required; sustainable transport is what’s required.”

5. At the latest earnings conference call, an analyst posed the question on what would happen if a breakthrough battery technology came along and leapfrogged Tesla’s gigafactory strategy?

JB Straubel, CTO, Tesla Motors: “I would be pretty shocked if there were any major improvements that were close enough to commercialization that we haven’t been aware of or found out about. So, a lot of those improvements are rolled into our thinking and there’s great potential there.”

4. Here’s more JB Straubel talking about the gigafactory’s potential output last May:

JB Straubel: “15 GWH/yr will be targeted for stationary energy, to build stationary battery packs. We see the California mandate for stationary energy storage by 2020 and we’re (Tesla) quite a lot more bullish than that. We think that mandate will be met and far exceeded before the timeframe expires. We all should be thinking bigger.”

3. Fight the power…we can’t leave 2014 and not think about all the free market love espoused by so many politicos for this bleeding-edge, American automotive company. So many open arms in Texas, Ohio, Michigan and tubby in New Jersey.

This isn’t a quote, but a leaked in an email before Elon Musk went before the Texas Assembly in April.

Advertisement
-
-

Musk: It is crazy that Texas, which prides itself on individual freedom, has the most restrictive laws in the country protecting the big auto dealer groups from competition. If the people of Texas knew how bad this was, they would be up in arms, because they are getting ripped off by the auto dealers as a result (not saying they are all bad – there a few good ones, but many are extremely heinous).

2. The next couple quotes get back to the pure joy of Model S ownership. This is Musk talking about how his service centers will resemble a F1 pit stop crew back in July.

Musk: So instead of having one person per bay, the car gets slowly worked on over several days, it actually comes in and a team attacks it, and we’re constantly improving the tools and the metrics to say, how can we get the car perfect as fast as possible. We actually bring in people from Formula One to help with the training on this. And I think there’s a real opportunity to revolutionize the way service works.”

1. This quote is from the onstage introduction of the P85D at the All About D and “something else” event in October:

Musk: It’s (P85D) like your own personal rollercoaster that you can use at anytime. The target we had for performance (of this car) was to try and meet the acceleration of one of the greatest super cars of all time, the McLaren F1. We’re able to actually achieve a 3.2 second 0 to 60. [Audience: Woooohooo.] Yeah, it’s mad. We’re going to have an option in the options settings…you’re going to have three options: normal, sport and insane. It will actually say insane. It’s true.

Yep, it’s true. This American company is the living embodiment of “true grit” and here’s to more of it in 2015!

“But our trip was different. It was a classic affirmation of everything right and true and decent in the national character. ~HST “Fear and Loathing in Las Vegas.”

"Grant Gerke wears his Model S on his sleeve and has been writing about Tesla for the last five years on numerous media sites. He has a bias towards plug-in vehicles and also writes about manufacturing software for Automation World magazine in Chicago. Find him at Teslarati

Advertisement
Comments

Elon Musk

The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

Published

on

By

The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

Advertisement
-
-

It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

Continue Reading

Elon Musk

Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

Published

on

By

Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

Advertisement
-
-
Continue Reading

News

The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

Published

on

By

Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

Advertisement
-
-
Continue Reading