Tesla is offering Solar customers an incentive in latest referral program update


Tesla is now offering a $250 award to new solar customers who purchase or subscribe to a solar panel system through the company’s referral program. The $250 incentive will also apply to anyone who refers a buyer through a referral link.

“Our goal is to build the best clean energy products and help Tesla owners share their excitement and experiences with others,” Tesla says in its updated referral program page.

For referring customers and their referrals to receive the $250 award, they must place their orders via Design Studio using the referrer’s unique referral link. The award is only applicable to orders placed on or after Oct. 1, 2019.

The referral cannot be credited after the order has been placed or at the time of product delivery. Customers will receive their awards after the solar panel system has been installed and activated.
Tesla’s referral program for solar only includes purchases and subscriptions of its solar panels. At the moment, it does not cover purchases of the Powerwall, Powerpack, or the new Solarglass.

 

Tesla Solar: Should you buy or subscribe?

Tesla offers a range of options for solar panel customers, depending on the needs and budget of the homeowner.

Buying a solar panel system allows you to choose from a range of four sizes. A small system is most suitable for 1,000 to 2,000-square-foot homes with an average electric bill of $90 to $110 per month. It can generate up to around 14 to 19 kWh per day.

On the other end of the spectrum, a large solar panel system produces an average of 58 to 77 kWh per day. It is best suited for large homes around 4,000 square feet. The price range for buying a solar panel system starts at $7,770 for the small system to $27,750 for the extra-large. This includes installation costs and federal tax incentives.

Tesla’s solar panel systems are available for purchase starting at $7,770.
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Homeowners can also opt for subscription solar, which makes it cheaper and easier to make the switch to sustainable energy. Tesla’s one-click subscription program is currently available in six states: Arizona, California, Connecticut, Massachusetts, New Jersey, and New Mexico.

Small solar panel systems in all states except for California are available for $50 per month, medium for $100 per month, and large for $150 per month. California users are charged higher fees of $65, $130, and $195 for small, medium, and large systems respectively. All subscription rates also include installation costs.

Canceling a subscription does not come with a cancellation fee, although Tesla charges a removal fee to cover the cost of removing the panels.

tesla solar subscription pricing guide

Tesla subscription solar panel systems are available for as low as $50 per month.

 

Tesla ramps up Solarglass production

The renewed focus on its solar product follows news of Tesla firing up its production of Solarglass, which Musk unveiled in October last year. The company’s new flagship solar product boasts increased power density, easy installation, better durability, and a lower cost per watt compared to conventional solar panels.

Musk previously announced that Tesla is “spooling up its production line rapidly” in hopes of building 1,000 solar roofs per week by the end of 2019.

The company has yet to make a report of its production numbers in its upcoming Q4 2019 earnings call set for Jan. 29. However, according to its third-quarter report, Tesla managed to deploy 43 MW of solar products, down from 93 MW during the same quarter of the previous year, but 43 percent higher than the number of installations in the quarter prior.

News of Tesla ramping up its solar panel production sparked in April last year, as Gigafactory 2 in Buffalo, NY began hiring for at least three dozen job openings. In August of the same year, Tesla obtained a building permit to build a new testing facility for its solar panels in Fremont, CA.

Tesla is offering Solar customers an incentive in latest referral program update

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NASA explores emotionally intelligent robots as human companions for long Mars journey


NASA is proposing sending emotionally intelligent robots with a crew of astronauts to help with keeping humans company in their long-duration mission to the moon and eventually Mars.

Throughout the sci-fi universe, you see droids and other sentient robots traveling with human companions and helping with a variety of tasks. Thanks to Stanley Kubrick, the thought of artificial intelligence in space can be a little unsettling.

Astrobees are cube-shaped robots designed to help astronauts with tasks on station. Credit: NASA
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But NASA and its astronauts currently work with a small group of benign, helpful robots on the International Space Station. To take that one step further, the agency is exploring sending emotionally intelligent robotic helpers along with the crew, to assist astronauts on future trips to Mars and the Moon.

Proponents of the project hope that the virtual assistant would be able to anticipate the needs of the crew and help out as needed. Recently, a medicine-ball-sized robot, called CIMON (for “crew interactive mobile companion”) launched to the space station. It’s tasked with assisting the crew with various tasks over the course of three years. 

The original version of CIMON was designed to work specifically with European Space Agency astronaut Alexander Gerst as he conducts different experiments on station. However, things didn’t go exactly as planned and the robot proved it came with more attitude than Gerst bargained for.

The current robots lack emotional intelligence, but engineers are working to change that. NASA’s Jet Propulsion Laboratory is working with the Australian tech firm, Akin to develop a virtual assistant that could one day not only help with daily tasks but also provide emotional support to astronauts on long-duration missions. 

The company says its goal is not to simply build a cosmic Alexa or Siri, but to have that technology act as a companion and be able to evaluate the crew’s mental and emotional health. This could prove useful as humans venture further out into space. Astronauts in low-Earth orbit are able to easily access a medical professional but those on long-duration missions will have to deal with longer lags in communication times. This type of virtual assistant could help diagnose issues.

Akin relies on JPL’s  Open Source Rover project, which makes NASA’s basic robotic designs available to the public. This even includes rover designs like the Mars Curiosity rover that launched to the red planet in 2012. The company has been using this program to build and test its AI. 

The result: an emotionally intelligent rover named Henry the Helper. Right now, Henry spends its time traveling around JPL to interact with employees, showcasing how well it can recognize human emotion. Future iterations will come online in the near future testing various other tasks. 

NASA explores emotionally intelligent robots as human companions for long Mars journey

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Tesla Model Y first deliveries expected in February, Performance variants first


Tesla Model Y deliveries will reportedly start next month with customers who ordered the Performance variant of the much-awaited electric crossover getting the first dibs. The Long Range All-Wheel Drive version will arrive in March or April, and deliveries of the full lineup set to be completed by Q3 this year.

The latest Model Y news was shared by Redditor u/Quaf4 who got a call from an employee at Tesla Oakville in Ontario, Canada on Tuesday.

“I just received a phone call from an employee at Tesla Oakville, ON who was calling to guide me through the upcoming delivery process for my Model Y. I asked when to expect delivery and he told me that the Performance variant will start deliveries next month, and that I could expect my LR AWD in March/April,” u/Quaf4 wrote. “Interesting to hear it officially from an employee, rather than pure speculation from media sources. NEXT MONTH.”

With this confirmation from a presumed Tesla employee, it appears Tesla CEO Elon Musk and his team underpromised and will over-deliver in terms of the Model Y production schedule. The electric crossover was first set to hit production in Fall 2020 and it was later moved up to Summer 2020. And now, it seems Model Y buyers will get their units sooner than expected.

Every Tesla Model Y sighting so far: Subtle refinements from unveiling event to today

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If Tesla indeed delivers soon, the Silicon Valley-based electric carmaker might have hit a jackpot in terms of production efficiency. Elon Musk said during a recent Gigafactory 3 event in China that they use advanced manufacturing technologies for the Model Y.

“Model Y will also have some advanced manufacturing technology that we will reveal in the future. I think it will be exciting to show the kind of manufacturing technology associated with the Model Y and it will be exciting to learn about these technologies,” Musk said.

There have been Tesla Model Y rumors recently that deliveries will happen in two weeks and this latest information from a soon-to-be Tesla Model Y owner seems to corroborate that earlier report. Coincidentally, the Tesla Q4 2019 Financial Results and earnings call is set for 3:30 PM PST on Jan. 29 and the electric vehicle community might officially hear an announcement they have been waiting for from Elon Musk and his team about the imminent Model Y delivery.

The confirmation from the Tesla employee is also consistent with the estimate that the Model Y Performance version will be delivered soon following the publication of its certificate from the California Air Resources Board (CARB) on Jan. 9. Tesla fans recalled that the first deliveries of the Model 3 in 2017 also happened less than a month after its CARB certificate was published. Likewise, the VINs have also been registered by Tesla with the National Highway Traffic Safety Administration (NHTSA), another hint that Model Y deliveries are really happening soon.

The recent sightings of Tesla Model Y units that are almost production-ready could have been a big clue that the next big thing of Tesla will soon officially hit the road. Perhaps imminent delivery could also be the reason why a Tesla employee allowed a Tesla Model 3 owner to check out the interior of the Model Y while Supercharging in San Luis, Obispo California over the weekend.

Tesla’s Fremont factory will produce the Model Y units but the carmaker is also getting ready for its production at the Gigafactory 3 in Shanghai. Once operational, the Gigafactory 4 in Germany will also produce about 150,000 Model Ys during its initial phase of production.

Tesla Model Y first deliveries expected in February, Performance variants first

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SpaceX surprises after recovering spacecraft ‹trunk› in one piece


In a surprise twist, SpaceX has recovered an expendable ‘trunk’ that launched with Crew Dragon on its January 19th In-Flight Abort (IFA) test, in which the spacecraft successfully escaped from an exploding Falcon 9 rocket.

While recovering pieces of Dragon’s disposable trunk would not have been shocking, SpaceX has returned this particular Crew Dragon trunk to shore in a condition that can only be described as unscathed. The surprise came first on the evening of January 19th, when two separate SpaceX ships returned to Port Canaveral — first and foremost bringing Crew Dragon capsule C205 back to dry land for inspection and possible reuse. However, a separate ship – GO Navigator – followed the ship carrying Crew Dragon not long after, revealing a shockingly intact Dragon trunk on its deck.

At 10:30 am EST (15:30 UTC) on January 19th, Falcon 9 booster B1046, an expendable upper stage, and the newest Crew Dragon spacecraft lifted off from Kennedy Space Center (KSC) Launch Complex 39A (Pad 39A) on the spacecraft’s second-ever integrated launch. Designed to push Crew Dragon’s abort systems to their limits, the spacecraft ignited its SuperDraco thrusters around 85 seconds after liftoff, soaring away from a supersonic Falcon 9 and triggering the rocket’s catastrophic (but expected) explosion around 10 seconds later.

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A bit like pushing against a wall, Crew Dragon had to fight uphill against a continuous supersonic blast of air to escape the Falcon 9 rocket that launched it, likely adding tens of thousands of pounds (several dozen metric tons) of additional pressure spread out over the top of the capsule. The spacecraft and its detachable trunk section – carrying a solar array, radiators, and four fins – appeared to survive the experience without issue.

Crew Dragon C205 detaches its trunk section. (SpaceX)

The capsule’s SuperDraco engines shut off after about 10 seconds, leaving the integrated spacecraft to coast to an apogee of ~40 km (25 mi), where it finally detached its trunk (pictured above). Designed to be disposable, Crew Dragon features a trunk functionally similar to the one SpaceX has flown almost 20 times on Cargo Dragon (Dragon 1) missions. Crew Dragon’s trunk looks quite a bit different, stretching taller and featuring an interesting conformal solar array (vs. Dragon 1’s deployable panels), as well as radiators (white rectangular panels) the spacecraft needs to maintain thermal equilibrium while in space.

Nominally, Crew Dragon and Cargo Dragon launch on Falcon 9, reach orbit, and go about their business of delivering astronauts and cargo to and from the International Space Station (ISS). After completing their given mission, the trunk section is eventually detached an hour or two before one last reentry burn, eventually returning the spacecraft to Earth. The trunk is thus left in low Earth orbit (LEO), eventually reentering on its own days, weeks, or months later and vaporizing into plasma before it hits Earth’s surface.

While it’s thus surprising that Crew Dragon C205’s trunk section – built primarily out of carbon composites like Falcon 9’s payload fairing and interstage – survived its In-Flight Abort mission more or less intact, the unexpected recovery sadly doesn’t mean that SpaceX has any plans to try to routinely recover or reuse the hardware. If Dragon trunks detached well before orbit, SpaceX might reconsider, but that would defeat their purpose of providing Dragons with power and thermal management while in orbit.

Surviving a terminal-velocity ocean splashdown is certainly no mean feat, but surviving an orbital-velocity atmospheric reentry is magnitudes more challenging, although SpaceX is certainly cognizant of the trade-off. Starship, for example, is expected to include thermal management and power generation systems as an integral part of the (nominally) fully-reusable spaceship and upper stage. At the scale of Crew Dragon, it’s just hard to rationalize doubling or tripling the mass of the spacecraft’s trunk just to tack on a complex recovery system.

All told, both NASA and SpaceX have since indicated that preliminary telemetry from Crew Dragon’s In-Flight Abort test paints an extremely positive picture and effectively confirmed that the test was a total success. With a little luck, it’s safe to say that Crew Dragon will be sacrificing a trunk section in orbit before returning NASA astronauts to Earth just a few months from now.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX surprises after recovering spacecraft ‹trunk› in one piece

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Tesla nears $100 billion market cap, closes in on Volkswagen as 2nd most valuable automaker in world


Tesla quietly crept up the $100 billion market capitalization mark in extended trading hours on Tuesday. Tesla stock was pegged at $547.20 at the end of the trading day but saw an increase to $555 in after-hours trading, pushing the all-electric carmaker’s valuation to $100 billion.

This further widens Tesla’s lead as the most valuable automaker in the US. It also puts the Elon Musk-led electric car company close to dethroning Volkswagen ($100.59 billion) as the second most valuable car company in the world. Toyota currently holds the title as the world’s most valuable automaker at $232 billion.

The highly anticipated jump into the $100 billion threshold comes as Tesla shares soared more than 7 percent on Tuesday, following one analyst’s bullish predictions.

In a note to investors, New Street analyst Pierre Ferragu raised his 12-month price target to $800, up from an initial target of $530.

The analyst believes Tesla will be able to deliver 2 to 3 million cars annually by 2025 and anticipates “industry-leading margins” that will raise stock prices to $1,100 to $1,700 per share and propel Tesla’s market cap to $250 to $530 billion.

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Most valuable automaker in the US

Tesla crossing the $100 billion barrier is the latest in a series of financial gains for the carmaker. It follows last week’s record-breaking achievement as Tesla surged past Ford’s record $81 billion valuation in 1999.

Although the numbers do not account for inflation and debt, this remains an impressive feat for Elon Musk, who led the company from its early days in 2003 to become the arguably most disruptive company in automotive history. Investors who have stayed with the carmaker since its initial public offering in 2010 have seen their investments increase by 1,100 percent.

Currently, Tesla’s valuation is near the value of the Big Three combined: Ford at $36.64 billion, General Motors at $49.99 billion, and Fiat-Chrysler at $21.38 billion.

Continued growth leading to gains

The most recent win comes hot on the heels of Tesla’s debut of the Made-in-China Model 3. Musk himself flew to Gigafactory 3 in Shanghai, China to personally deliver the first locally made Model 3 to the first Chinese customers. He also formally announced a Model Y program in the country.

Gigafactory 4 is also poised to rise in Brandenburg, Germany. Tesla recently announced its board of directors has approved the purchase contract for a 300-hectare property in Grunheide that will serve as the site for its fourth electric vehicle factory.

Tesla’s Q4 2019 report also spiked investor optimism as the company announced it has delivered 119,000 vehicles from October to December last year. This boosts Tesla’s annual deliveries to 367,500 vehicles in 2019, up by more than 50 percent from 2018.

Tesla nears $100 billion market cap, closes in on Volkswagen as 2nd most valuable automaker in world

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Tesla Model 3 takes on gas-powered Ford in winter defroster showdown: Who melts first?


When six inches of snow is piled on top of your car, what kind of vehicle is superior in its defrosting capabilities: A Tesla Model 3, or an internal combustion engine vehicle? The owner of both a Model 3 and a Ford Fusion pit the two vehicles against one another in the ultimate “defroster showdown” to determine what vehicle would be better suited for melting away snow and ice.

Aaron Jackson of the Charging Chats YouTube channel demonstrated the effectiveness of both vehicle’s defroster systems after a six-and-a-half inch snowstorm struck his home state of Michigan. Jackson woke up to the snow covering his two vehicles and decided it would be a perfect opportunity to show how an all-electric Model 3 would perform in melting away snow when up against a traditional gas-powered engine.

After starting the two vehicles, Jackson set a timer in thirty-minute intervals. After the first thirty minutes of testing, both cars had successfully cleared their side windows and front grilles of snow.

After the second half-hour interval, the Tesla was beginning to become more visible than the Ford. Nearly the entire front hood of the Model 3 was visible as the snow slid off during the defrosting process. The Fusion was still covered for the most part, but was melting the snow at a similar rate.

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Jackson determined the winner by breaking the test down into three different categories: convenience, snow cover, and how much work was leftover after letting the cars defrost on high heat for an hour.

Convenience was an easy win for the Tesla according to Jackson. “I give it to the Tesla, hands down. Just the functionality of the app, I can control it, I can start the car, warm it up, change the temperature to whatever I want it to be,” he said. While mentioning that other vehicles do have a remote start option, he still gives the advantage to his Model 3 simply because of the convenience and accessibility the app gives him.

Snow cover was a tie because both vehicles still had around the same amount of snow covering the car after the hour of defrosting. The Tesla did have less on the hood and Jackson credits the vehicle’s unique shape and design for assisting with that.

The final category of how much work remained for Jackson after the hour defrosting went to the Tesla as well. “There was the same amount of snow on both cars, but it actually cleaned off of the Tesla a lot easier than the Fusion. I think that is because of the design whereas my Fusion still has a good amount of snow on the roof of it.”

Jackson states the Tesla was the victor in the assessment as the shape and design of the vehicle certainly did assist him in an easier snow removal process. However, he did note that both vehicles did a good job of defrosting the snow and he was happy with the performance of the Fusion as well.

Tesla’s vehicles are great for any kind of weather and they are suited for both warm and cold climate driving. Each vehicle is equipped with a series of heated parts, like wheels, cameras, wipers and steering wheels so comfortability is at a maximum for drivers who are forced to brave the cold winter months.

You can watch Aaron Jackson’s defrost test of the Tesla Model 3 and Ford Fusion below.

Tesla Model 3 takes on gas-powered Ford in winter defroster showdown: Who melts first?

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Tesla Theater’s fan-made full-screen boost gives immersive, on-the-go movie experiences


A Tesla enthusiast has created a new website called TeslaTheater.com that gives Model 3, S, and X owners the capability to view numerous streaming media applications using the entirety of the vehicle’s 15″ display. Coupled with Tesla’s stellar sound system, this new Tesla Theater boost creates an immersive theater experience on wheels.

The service is the brainchild of r/TeslaMotors member u/TeslaModel11, who developed and created the website. The website is accessible through the Tesla web browser and is being improved nearly every day thanks to suggestions from fellow Tesla owners.

In the initial Reddit posting from u/TeslaModel11, he states:

I am the developer/creator of TeslaTheater.com. My goal is to provide a free service to fellow Tesla owners where we can easily view different streaming media apps in full screen vs. in just the small browser window. I’ve verified functionality on Model 3, S, and X so I feel it’s ready for wider beta testing and feedback.

How to Enable Full Screen mode?

You will see at the bottom of the site an “Enable FullScreen” link. That will enable a workaround that launches fullscreen with loading of a youtube screen that will loop you back into the interface by clicking “GO TO SITE” link. Just click that and you’ll be in the teslatheater.com interface in full screen mode and all apps and sites you load will remain in full screen.

Enjoy!”

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The Tesla enthusiast also created an ad spot for the website using the same template as the company’s V10 release promo, complete with a few added extras like Elon Musk’s now-famous dance routine at the Model 3 customer delivery event at Gigafactory 3 in Shanghai.

The Tesla Theater was added with the Version 10 Software Update in late September with just Netflix, YouTube, and Tesla Tutorials. However, the company is poised to expand its lineup of applications with other streaming services such as Twitch, and will add Disney+ in the near future, according to Elon Musk.

For now, the TeslaTheater.com website will serve as a bridge for owners to access Hulu, PlutoTV, TubiTV, HBO Go, Netflix, ESPN, Twitch, CBS All Access, FuboTV, YouTube, Disney+, Plex, ABetterRoutePlanner, Google Chrome, Reddit, and Google Maps. While some of these applications are available through the Tesla Theater, they are not available in full screen.

The ability to watch movies in full screen gives Tesla owners the opportunity to turn their vehicles into mobile movie theaters. Because TeslaTheater.com is compatible with the Model 3, Model S, and Model X, each vehicle is capable of making a Supercharging trip, or perhaps a night out with Camp Mode, a little bit more enjoyable. Each vehicle’s comfortable seats, stellar surround sound system, and large dash screen will give viewers an experience that will rival any drive-thru theater trip.

You can watch TeslaTheater.com’s ad spot below.

Tesla Theater’s fan-made full-screen boost gives immersive, on-the-go movie experiences

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Rivian faces new competition in commercial EV space from Hyundai and Kia partnership


Hyundai and Kia have invested approximately $110 million into British-based electric car startup Arrival. The new partnership announced through a press release will position the Korean automakers in the emissions-free commercial vehicle category that e-commerce giant Amazon looks to secure through its partnership with Rivian.

The $110 million investment was split into two different amounts, $22 million from Kia Motors and the remaining $88 million from Hyundai. Both companies are working toward a future that includes a strong lineup of electric vehicles in its bid to increase its presence in the sustainable transportation sector.

With Arrival’s main headquarter in London, and offices in Germany, the Netherlands, Russia, and the United States, the electric car startup looks to expand its global reach through the new partnership.

The three companies came to an agreement that will allow both Kia and Hyundai to use Arrival’s “skateboard chassis” and electric car technologies to produce battery-electric commercial vehicles. The opportunity will also position the automakers to reduce their carbon footprint from the use of diesel-powered commercial vehicles.

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Arrival’s Chief Strategy Officer Avinash Rugoobur stated, “We are excited to come out of stealth mode with our partnership with Hyundai Motor Group, and our complementary expertise will allow us to rapidly design, build and roll out vehicles together. Accelerating electric vehicle adoption is good for everyone – for people, business and the planet and we are pleased to undertake this mission with our partners Hyundai and Kia.”

This new partnership between the three companies can be seen as Rivian’s first competition in the commercial vehicle market. Amazon CEO Jeff Bezos announced the partnership with Rivian last year and the company’s plans to buy 100,000 electric vans from the Plymouth, Michigan-based electric truck maker.

Competition for Rivian in the commercial vehicle sector will accelerate the transition to sustainable forms of transportation in the delivery vehicle industry. Transitioning delivery vehicles to electric power will remove a significant amount of carbon from the Earth’s atmosphere by minimizing the climate impact from the millions of packages being delivered via diesel-powered vehicles every day.

Rivian has unveiled its consumer-oriented R1T pickup truck and R1S SUV to the public at its numerous reservation holder events. Pictures of the Rivian-powered electric van were released by Amazon the same day Bezos announced the partnership.

Rivian faces new competition in commercial EV space from Hyundai and Kia partnership

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Tesla gets new $800 price target from Wall Street firm who predicted $530


The New Street Research analyst who correctly predicted Tesla’s (NASDAQ:TSLA) rise to a $530 price target has once again raised the bar for the Silicon Valley-based automaker. Pierre Ferragu has increased the company’s price target from $530 to $800, stating Tesla’s industry-leading technology, demand, and execution as the reasons behind its increased anticipated value.

The company has seen a 22% increase in its price per share in 2020 alone. On Tuesday morning, TSLA stock price jumped by 5% to $536.20 in response to the price upgrade and amid signs that first deliveries of the Model Y crossover are imminent.

Ferragu predicted the company’s stock price would hit $530 per share in May 2018, citing Tesla’s increasing demand from consumers and dominance in the electric vehicle sector. The Elon Musk-led company has continued to improve the performance and range of its fleet of electric cars through technology advancements and frequent software updates, further broadening its appeal among car buyers.

The Model 3 was also released and began deliveries less than a year before the prediction and its overwhelming popularity was just another reason Ferragu felt the company’s stock would skyrocket.

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According to TheStreet, Tesla could sell around 20 million units in its “ultimate addressable market,” leaving room for growth that will help the company attain its $800 price point in the future.

Ferragu addressed his new price target in a note, stating Tesla will sell between two million and three million cars per year in 2025 and beyond. This would make Tesla’s market value somewhere between $230 billion and $350 billion or between $1,100 and $1,700 per share.

“The stock will remain volatile, as the spread between bull and bear cases remains wide,” Ferragu stated. “And God only knows what the next controversy will be.”

Tesla’s Q4 2019 earnings call is scheduled for January 29. As the company’s Model Y has received its CARB certification and VINs are registered on the NHTSA website, it appears that the car may see first deliveries ahead of its projected Summer 2020 delivery time.

But the Model Y will not be the only indicator of how the company will perform in the new year. Analysts have previously predicted that the performance of Gigafactory 3 in Shanghai will be a key indicator of Tesla’s success in the global market heading into 2020.

Based on Tesla’s successful Q4 delivery numbers and Model 3’s continued dominance in the luxury sedan category, Ferragu’s $800 price target isn’t as far-reaching as one might think.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla gets new $800 price target from Wall Street firm who predicted $530

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Tesla Gigafactory 4 site in Germany declared as restricted area


The Tesla Gigafactory 4 build site in Grunheide is now off-limits to local explorers as experts scan and clear the area for explosive ordnance.

“No Trespassing / Explosive Ordnance Clearance,” one of the signs in the forest reads in German. Tesla fan @Gf4Tesla who has been following the developments in Grunheide shared the news on Twitter. He added that he might resort to drone shots to update his followers about the latest GF4 news.

The Tesla board of directors recently approved the purchase agreement for the 300-hectare property where the first Tesla car factory in Europe will rise. This follows the approval of the Brandenburg Finance State Committee that sealed the deal for the purchase of the land for 40.91 million euros or about $45 million.

According to the spokesperson of the state government Florian Engels, Brandenburg authorities are still waiting for the independent report about the second appraisal of the expansive industrial property. Engels said that the report will be prepared as soon as possible and if the appraised value of the land deviates from the first assessment, the price of the Tesla GF4 property will be adjusted.

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Sealing off the forest in Grunheide is a safety measure to avoid unwanted incidents as workers on the site have been building access roads for better logistics in the area. The team has also been searching for unexploded World War II explosives in the area, most likely American aviation bombs. In case vintage bombs are found, the German federal government will shoulder the cost of disposal.

Aside from the dangers of vintage bombs, Tesla is also closely coordinating with authorities and local environmental groups to move animals living in the forest such as a species of endangered bats, deers, wolves, ants, among others. The electric carmaker must be able to remove the trees in the parcel of land they will use for the first phase of construction by Feb. 27, just before the breeding season of birds in the area and when tree cutting will be prohibited.

The area has also been cordoned off and proper signs put up in the build site to make sure only authorized personnel move in the area. Members of local environment groups recently conducted forest walks to protest the building of the Tesla factory and it could be dangerous for anyone to roam around the forest that has not yet been cleared of vintage bombs.

To address the issues raised by locals, Tesla opened an information center in Grunheide and has promised to resolve issues within the legal framework.

Tesla plans to begin construction of the Gigfactory 4 facility by mid-March and start production by July next year. The car factory is set to generate about 8,000 jobs and produce roughly 150,000 cars during its initial phase.

 

H/T to @Gf4Tesla

Tesla Gigafactory 4 site in Germany declared as restricted area

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