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Tesla Recruiting from University Near the Gigafactory

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Tesla Recruiting from University of Nevada

Tesla contacted the University of Nevada, Reno (UNR) in December 2014 just a few months after the announcement that Northern Nevada will be the location of their new Gigafactory. The motive? Tesla has a standard university internship program that they conduct in many universities as a way to find top talent. Applicants from across the country came for a chance to join Tesla following their announcement that they’re looking to fill 350 internship positions this summer in California. This is one way Tesla keeps a pipeline of skilled workers coming by partnering with academic institutions. Tesla hosted a prelude informational meeting the night before the “Summer Job & Internship Expo”. The event was hosted at the UNR campus with more than 50 businesses ranging from non-profit organizations to Fortune 500 companies attending.

It was standing room only as attendees jammed into a room to hear what it would be like to work for Tesla. The next day there were more than 300 applicants who waited in line for three hours just to be able to make a brief introduction to Tesla. Applicants were advised to ‘dress to impress and have a well-polished resume as interviews might be offered on the spot.

Tesla was looking at three primary areas: the College of Business, the College of Science and the College of Engineering for positions such as accountants, human resource professionals, project managers, chemists, and engineers trained in high-tech advanced manufacturing. They’re looking to develop a talent pipeline that could potentially be trained in the Bay Area but relocate to Reno once the Gigafactory is up and running. The Tesla Gigafactory is projected to open in 2017 with completion anticipated for 2020. This opens the door to a permanent job with the company.

Because of the popular response, a bigger Expo with more than 100 employers will be hosted on March 12th, 2015 from 10am to 3pm at the Lawlor Event Center. For those who missed Tesla's previous hiring event and/or looking for a 2nd chance to interview with Tesla, this will be the event to attend.

The demand for lithium will drastically increase once the Gigafactory is fully operational. "Right now world consumption of lithium is pretty constant, we use it in a lot of different ways - for batteries in cameras, phones, computers," Carl Nesbitt, associate professor of mining engineering in the College of Science at UNR said. "What the Tesla plant shows is a huge increase in demand for lithium, estimated at perhaps twice the current consumption. It's got to come from somewhere, and Nevada is poised to start producing."

Tesla-Gigafactory-Map-to-Lithium-Mine

Proximity of the Tonopah Lithium Mine to Tesla's Gigafactory

 

“Nevada is the only place in the northern hemisphere that mines and produces lithium, competing with South American mines in Chile and Bolivia. A mine located near Tonopah currently produces lithium carbonate, the precursor product for lithium batteries, and many prospects have been found in northern Nevada, north of Reno, that will be ready for production to meet the increased demand.” Stated UNR.

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"Nevada is number four in the world producing gold and we're a leading producer of silver, but what this allows us to do is put a spotlight on the potential we have for lithium," Nesbitt said. “Chemists in the College of Science are also exploring the electrochemistry of battery technology and how to improve the chemical reactions that make batteries work.”

The choice of Nevada for Tesla’s Gigafactory, the resources our land provides and the skills from the University of Nevada, Reno students and professors creates a partnership that compliments the area.

by Candy Noel
Real Estate Professional at RenoSparksTahoeHomes.com

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Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

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Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

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Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

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Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

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The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

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SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

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Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

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Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

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Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

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In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

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