Tag Archives: ELON MUSK

Erdogan and Musk discuss space technology cooperation by phone

Turkish President Recep Tayyip Erdogan held a telephone conversation with the head of SpaceX company Elon Musk. This is reported by the Anadolu agency, citing the Office of Public Relations of Turkey.

It is noted that they discussed cooperation between the public and private companies of Turkey and SpaceX in various fields, especially in the field of space technology.

Earlier, Erdogan reported on plans to send the first Turkish astronaut into space.

Tesla plans to increase sales of compact cars in Europe

Electric vehicle maker Tesla intends to expand its business in Europe by increasing sales of compact cars. This was announced on Tuesday by the American entrepreneur and CEO of Tesla and SpaceX, Elon Musk, speaking at an online conference on batteries, organized by the German government.

“It might make sense in Europe to produce a compact car, perhaps a hatchback or something like that,” Musk quoted Reuters as saying. The Californian automaker currently sells four car models, including the midsize Model 3 sedan and the midsize Model Y SUV. At the same time, all its cars are several tens of centimeters larger than the Volkswagen Golf, the European standard for compact sedans. Globally, Tesla also plans to bring its new Cybertruck electric truck to market within two years.

Elon Musk spoke about the problems of Tesla

Tesla CEO Elon Musk warned of the difficulty of ramping up production as the auto giant’s reliance on large aluminum parts could create new manufacturing problems. Writes about it Reuters.

Musk previously talked about plans to create an automatic factory, he calls it “the machine that builds the machine.” However, the entrepreneur notes the complexity of the new technology. Car bodies have traditionally been made by assembling multiple metal panels, but Musk has charted a new course.

In its new Model Y, Tesla plans to replace 70 components with one module made with the world’s largest aluminum die-casting machine. Such technology can reduce the number of assembly steps, experts say.

Earlier, the head of Tesla called on mining companies to produce more nickel, which is a key component in the production of batteries for electric cars.

Elon Musk collapses Tesla shares

Tesla CEO Elon Musk has collapsed the company’s shares ahead of Battery Day, the day of the presentation of new technologies related to batteries, which will be held on September 22. Writes about this CNBC.

While Tesla buys batteries for its electric cars from third-party manufacturers, for example, Panasonic. Analysts hoped the company would unveil its own battery pack on September 22, which would allow Tesla to maintain an edge over its competitors in the electric car market.

However, on the eve of Musk allayed the hopes of investors. The head of the company said that the technology unveiled on Tuesday will have a long-term impact on the production of the Tesla Semi electric truck, Cybertruck pickup truck, and Roadster sports car. “But what we show will not go into mass production until 2022,” Musk wrote on Twitter.

He added that while Tesla is increasing its purchases of batteries from Panasonic, LG, and CATL, and is also considering the possibility of purchasing them from other partners. However, even with the growth of battery purchases, the company still predicts its shortage by 2022, if Tesla does not establish its own production.

As a result of Musk’s statement on Tuesday after the opening of trading in the US, Tesla shares fell 6 percent, according to Nasdaq data. At the time of this writing, the cost of one paper was $424. Despite the drop, the securities still cost four times more than at the beginning of the year.