Tesla Motors Value Statement
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Lithium Wars: from Kokkola to the Congo for the 500 Mile Battery
sustainability Article The Lithium Wars: From Kokkola to the Congo for the 500 Mile Battery Philip Cooke Mohn Center for Innovation & Regional Development, Department of Engineering, Western Norway University of Applied Sciences, 5020 Bergen, Norway; [email protected]; Tel.: +44-2920-486702 Abstract: This paper presents an analysis and interpretation of the current state of play in the global value network of minerals mining, refining and transformation processes in the contemporary battery industry, which will power potentially crucial future industries for manufacture of electric vehicles (EVs) and solar-storage energy systems. The dark influence of the carbon lock-in landscape is gradu- ally being mitigated under the challenge of achieving the “500 mile” battery charge, which would make a transformational difference in the replacement of renewably fuelled vehicles and storage systems, currently still predominantly driven by fossil fuels. The challenge has led to a “war” be- tween manufacturers, miners and refiners, who have realised that the challenge has come alive while most have been vacillating. At an “individualist” rather than an “institutionalist” level, Elon Musk, for all his faults, deserves credit for “moving the market” in these two important industry sectors. This paper anatomises key events and processes stimulating change in this global economic activity through an “abductive” reasoning model and a qualitative “pattern recognition” methodology that proves valuable in achieving rational, probabilistic forecasts. Established incremental innovation characterises first responses in the “war” but research agencies like ARPA are active in funding research that may produce radical battery innovation in future. Citation: Cooke, P. The Lithium Keywords: batteries; lithium; renewable energy; cobalt; gigafactories Wars: From Kokkola to the Congo for the 500 Mile Battery. -
Elon Musk! He Is a Remarkable Visionary and Entrepreneur
share, investors clearly own Tesla for its anticipated earnings in 2020 and beyond. Aside from valuation, Bradley, Foster & Sargent, Inc. another potential problem is Tesla’s future profitability without government subsidies and tax credits. Quarterly Market Commentary Should Investors Buy Tesla at the Current Price? In our view, there is only one reason to own Tesla at this extremely rich valuation. And that reason is Elon Musk! He is a remarkable visionary and entrepreneur. Whatever he has touched has turned to gold. He has the Midas touch. Investors want to own Tesla because Musk thinks outside the box and appears to be July 2017 able to conform reality to his vision of the future. Investors also want to own the stock because they see Tesla as a technology, rather than an automobile, company. While a number of auto analysts are lukewarm Elon Musk: The Man with the Midas Touch on Tesla, technology analysts are more positive. Tencent, the giant Chinese social media company with the largest market capitalization of any Chinese stock, recently bought 5% of Tesla stock on the open “I would like to die thinking that humanity has a bright future. If we can solve sustainable market at a cost of $1.8 billion. Why? Because they see Tesla as a technology company which can help energy and be well on our way to becoming a multiplanetary species with a self-sustaining Tencent in China. civilization on another planet — to cope with a worst-case scenario happening and extinguishing human consciousness — then, I think that would be really good.” Elon Musk, 2015 Musk is an amazingly talented man. -
2013 Automobile of the Year: Tesla Model S
2013 Automobile of the Year: Tesla Model S From our January, 2013 issue / By David Zenlea / Photos by A. J. Mueller Last summer, Automobile Magazine editors had the opportunity to interview Elon Musk, CEO of Tesla, as the company launched its all-new electric sedan. A well-known industry insider warned us not to fall for Musk's smooth talk. "Don't bring any cash," he said. "Because you'll be offering to give it to him twenty minutes into the interview." To say there's healthy skepticism regarding Tesla and its new wundercar is an understatement: in many industry circles, it borders on outright hostility. We understand why. Building a car -- any car -- is really hard. Musk, the PayPal billionaire whose automotive accomplishments were limited to converting 2350 Lotus Elises to run on batteries, was not only proposing a class-leading sport sedan, but he promised it would have a more advanced electric powertrain than anything global automakers could muster. He was doing this with our money -- your money -- courtesy of a $465 million loan from the Department of Energy, and he claimed to be doing it for our own good: "Since we are not appropriately pricing the CO2 capacity of the oceans and atmosphere, then the only way I could think to address that was with innovation." We believe the proper business term to describe such a gambit is chutzpah. We left the interview with our wallets no lighter, eager to see how the Model S would perform in the real world, removed from Musk's spin and Tesla's chaperones. -
Assignment: Common MGT 360 Management Analysis Report [email protected] [ Updated: Tuesday, January 13, 2015 ]
Assignment: Common MGT 360 Management Analysis Report [email protected] [ updated: Tuesday, January 13, 2015 ] Course: MGT 360 Title: Management and Organizational Behavior (3 units) “Theory is about the connections among phenomena, a story about why acts, events, structure, and thoughts occur. Theory emphasizes the nature of causal relationships, identifying what comes first as well as the timing of such events.” --R. Sutton and B. Staw Goal: The Department of Management strives to ensure that all students enrolled in MGT 360 are critical thinkers and strong writers. In essence, the Department wants all students to be able to demonstrate competency and efficacy in applying the principles of management and organizational behavior to the issues of a contemporary organization and its broader environment. Objective: In narrative essay format, I want you to address a business/organization case study using the concepts from class. The case text begins on page 3 of this document. Building upon your knowledge from MGT 360, students should demonstrate their best understanding of management theory and the application of those ideas to improve the understanding of various issues. Building upon your skills from general education and lower-division core courses, students should demonstrate their best composition and technical writing skills. Length: This essay is to be no less than three full pages and in length and no more than four full pages in length. Other relevant formatting requirements (“style guide”) are linked from the course web page. Deliverable: This assignment is due on the date specified on the course outline. Performance Measurement: There will be two different scores for this assignment. -
March 2018 Monthly Update
Sustainable Technology and Infrastructure Monthly Market Update March 2018 Performance of Key Market Indices 35% 25% 19% 17% 15% 16% 12% 5% (5%) Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 NASDAQ Clean Edge Green Energy Dow Jones Industrial Average NASDAQ Composite S&P 500 Index Performance March Ending Versus First Day of the March YTD CY 2017 52 Wk High 52 Wk Low Dow Jones Industrial Average (2.1%) (2.5%) 25.1% (9.4%) 18.1% NASDAQ Composite (1.6%) 2.3% 28.2% (6.9%) 21.7% S&P 500 (1.4%) (1.2%) 19.4% (8.1%) 13.4% NASDAQ Clean Edge Green Energy (0.6%) (4.0%) 30.8% (9.5%) 19.7% Notable Recent Transactions & Capital Raises Acquiror Target Transaction Description Corporate Transactions Acquired a majority stake in innogy from RWE, and the remaining interest in a public takeover Acquired a U.S. wind owner and operator with ~1.7 GW of capacity from ArcLight Capital Corporate M&A and All-stock merger of two water utilities in a deal worth approximately $1.01bn Asset Transactions Acquired various California refining and pipeline assets / facilities from Delek and AltAir Asset Transactions Acquired five solar thermal projects in Spain with a combined capacity of 250 MW for €1.09bn Acquired indirect interests in three Californian solar projects totaling 235 MW Company Transaction Description Manufacturer of smart thermostats raised $61mm in Series C equity from Energy Impact Partners, Thomvest, Relay Ventures, Amazon’s Capital Raises Alexa Fund Chinese bike-rental startup raised $866mm in funding from Alibaba Group Holding, Haofeng Group, Tianhe Capital, Junli Capital and Ant Financial Note: M&A transaction values are in enterprise value, unless indicated otherwise. -
Dialogue, Debate, and Discussion
Management and Organization Review page 1 of 10 doi: 10.1017/mor.2018.31 Dialogue, Debate, and Discussion What Does the Success of Tesla Mean for the Future Dynamics in the Global Automobile Sector? Greg Perkins1 and Johann Peter Murmann2,3 1University of Queensland, Australia, 2University of St. Gallen, Switzerland, and 3University of New South Wales, Australia INTRODUCTION After reading Jacobides, MacDuffie, and Tae (2016), the success of Tesla in launching a new automobile company in a crowded sector puzzled us. Jacobides, MacDuffie, and Tae (2016) had convinced us that developing the capabilities to become the manufacturer of a complete, safe automobile system would be quite difficult. Since the establishment of the dominant design for the auto in the 1920s, the industry has operated on the premise of massive economies of scale. Original equipment manufacturers’ (OEMs) role in taking responsibility for the legal liability of the whole automobile, combined with their extensive supply and marketing chains, has ensured they remained dominant in the sector despite some missteps with modularisation and outsourcing efforts (Jacobides, MacDuffie, & Tae, 2016; Schulze, MacDuffie, & Taube, 2015). No major component supplier has succeeded in forward integrating into becoming an OEM and no new entrants have challenged the dominance of the incumbent OEMs since the earliest days of the auto industry (Jacobides & MacDuffie, 2013). Researching the development history of Tesla, we have pieced together the key features of how Tesla achieved its successful entry into the automobile sector. From this we have concluded, based on the development time and costs associated with the Tesla Model S, that a well-funded company could develop a new electric vehicle (EV) from scratch and move it into production within 3 to 5 years, by spending $1– 2 billion of capital for design, development, and manufacturing. -
1 a Simulation-Based Assessment of Plug-In Hybrid Electric Vehicle
A Simulation-Based Assessment of Plug-in Hybrid Electric Vehicle Architectures by Daniel Sotingco B.S. Mechanical Engineering Franklin W. Olin College of Engineering, 2010 SUBMITTED TO THE DEPARTMENT OF MECHANICAL ENGINEERING IN PARTIAL FULLFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MECHANICAL ENGINEERING AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY June 2012 ©2012 Massachusetts Institute of Technology All rights reserved. Signature of author: ………………………………………………………………………………………………………………………………….. Department of Mechanical Engineering May 11, 2012 Certified by: ……………………………………………………………………………………………………………………………………………… Professor Jerome Milgram William I. Koch Professor of Ocean Engineering Thesis Advisor Accepted by: …………………………………………………………………………………………………………………………………………….. Professor David E. Hardt Ralph E. and Eloise F. Cross Professor of Mechanical Engineering Chair, Committee on Graduate Students 1 2 A Simulation-Based Assessment of Plug- in Hybrid Electric Vehicle Architectures By Daniel S. Sotingco Submitted to the Department of Mechanical Engineering on May 11, 2012 in Partial Fulfillment of the Requirements for the Degree of Master of Science in Mechanical Engineering Abstract Plug-in hybrid electric vehicles (PHEVs) are vehicles that utilize power from both an internal combustion engine and an electric battery that can be recharged from the grid. Simulations of series, parallel, and split-architecture PHEVs, as well as parallel and split PHEVs with ultracapacitors, were performed in Autonomie, the vehicle simulation package released by Argonne National Laboratory as the successor to the Powertrain System Analysis Toolkit (PSAT). The PHEV configurations were parameterized by battery capacity, motor peak power, engine peak power, and ultracapacitor capacity if applicable. Results were compared to EPA data for the Chevrolet Volt and Toyota Prius, showing close agreement on values for fuel consumption, charge-depleting range, and acceleration time. -
March 25-28, 2019 36Th ANNUAL
FINAL WEEKS LONGEST RUNNING TO REGISTER! 36th ANNUAL March 25-28, 2019 36th ANNUAL COVER BATTERY EVENT SPONSORSHIP & EXHIBIT PLENARY KEYNOTES TUTORIALS & TRAINING SEMINAR AGENDA r&d stream ADVANCED BATTERY TECHNOLOGIES FOR CONSUMER, AUTOMOTIVE & MILITARY APPLICATIONS • Next-Generation Battery Research Fort Lauderdale Convention Center | Fort Lauderdale, FL • Lithium-Ion Development & Commercialization • n manufacturing stream InternationalBatterySeminar.com • High Performance Battery CONFERENCE PROGRAMS Manufacturing • Lithium-Ion Development & Commercialization Corporate Sponsors: applications stream • Battery Power for Automotive Applications A Delta ModTech Company • Battery Power for Consumer Electronics r&d manufacturing applications engineering • Alternative Applications in stream stream stream stream Energy Storage • Next-Generation • High Performance • Battery Power for • Battery Safety engineering stream Battery Research Battery Manufacturing Automotive Applications • Battery Management • Battery Safety • Lithium-Ion • Lithium-Ion • Battery Power for Systems Development & Development & Consumer Electronics • Battery Management Commercialization Commercialization • Alternative Applications Systems in Energy Storage HOTEL & TRAVEL REGISTRATION PLENARY KEYNOTE PRESENTATIONS PLENARY KEYNOTE PANEL DISCUSSIONS Click Here to register Online 1000, 2000, 3000 .... N Cycles from What Innovations/Advancements Do OEMs Need to InternationalBatterySeminar.com Li-Ion Cells: How Large Can N Be? Enable Near-Term, Large-Scale Production? Jeff -
Sustainable Technology and Infrastructure Monthly Market Update February 2019
Sustainable Technology and Infrastructure Monthly Market Update February 2019 Performance of Key Market Indices 20.0% 10.0% 6.7% 5.6% 5.2% 0.0% 4.3% (10.0%) (20.0%) Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Feb-19 NASDAQ Clean Edge Green Energy Dow Jones Industrial Average NASDAQ Composite S&P 500 Index Performance February Ending Versus First Day of the February YTD CY 2018 52 Wk High 52 Wk Low Dow Jones Industrial Average 11.4% 11.4% (5.6%) (3.1%) 19.2% NASDAQ Composite 13.9% 13.9% (3.9%) (6.8%) 22.0% S&P 500 11.4% 11.4% (6.2%) (4.7%) 18.8% NASDAQ Clean Edge Green Energy 18.7% 18.7% (13.2%) (0.3%) 27.5% Notable Recent Transactions & Capital Raises Acquiror Target Transaction Description Corporate Transactions Tesla acquired Maxwell Technologies, a developer of energy storage technologies and products, for $218mm Corporate M&A and Royal Dutch Shell acquired sonnen, a provider of Asset Transactions smart energy storage systems and residential energy services, for an undisclosed amount Asset Transactions A consortium of European investors acquired an 80% stake in the 400 MW Veja Mate offshore wind farm from Copenhagen Infrastructure Partners and Laidlaw Capital Group for ~$2.6bn AEP acquired Sempra Renewables, which owns 724 MW of operating wind generation and battery assets across the U.S., for ~$1.1bn Company Transaction Description OVO Energy, the UK’s largest independent energy technology company and supplier, raised capital from Mitsubishi Capital Raises Rivian, an automaker focused on manufacturing electric trucks and SUVs, raised $700mm from Amazon Ynsect, a producer of insect-based protein used as fish and poultry feed, raised a $125mm Series C Round led by Astanor Ventures Greentech Advised on Transaction About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. -
Tesla Model S: the 2013 Yahoo! Autos Car of the Year
Tesla Model S: The 2013 Yahoo! Autos Car of the Year By Marco R. della Cava | Motoramic – 3 hours ago The 2013 model year brought consumers a fleet of new machines, and the editors and writers of Yahoo! Autos tested over 100 new models this year, from the brutish Ford Shelby GT500 to the gas-sipping Toyota Prius C. But all those appear to be automotive afterthoughts when compared to that futureshock of an electric sedan and Yahoo! Autos' Car of the Year: the Tesla Model S. PayPal co-founder Elon Musk's foray into the car game started in 2008 with the nimble Tesla Roadster, a Lotus Elise makeover that swapped an internal combustion engine for a suitcase full of lithium-ion battery packs. But where that coupe was a high-tech experiment disguised as a $100,000 eco-conscious status symbol, the seven-passenger, $50,000-on-up Model S sedan promised to be a make-or-break machine that would determine whether Silicon Valley-based Tesla Motors can survive as a legitimate purveyor of reliable everyday cars. The result? While the company and its car still have hurdles to overcome before either becomes a streetside staple, the Model S is the year's most noteworthy automobile for the way Tesla has erased long-perceived limitations of electric cars (poor range, small size, spartan interiors) and, going where no established automaker has yet to tread, creating an uncompromised yet practical object of desire. A day spent driving a top-of-the-range Model S Signature Performance Edition on Bay Area backroads and freeways revealed the Tesla's split personality. -
Tesla Model 3 - Wikipedia 1 of 17
Tesla Model 3 - Wikipedia 1 of 17 Tesla Model 3 2602,4259,76628,57853,23961,39462,97572,53179,83786,95887,28275,946128,044(222(1,542(8,182(18,449(56,065(63,359(50,928(77,634(79,703(92,620(76,266(80,050 (124,100delivered) delivered) delivered) delivered) The Tesla Model 3 is an electric four-door fastback sedan developed by Tesla.[6] The Model 3 Standard Range Plus version delivers an EPA-rated all-electric range of 263 miles (423 km) and the Long Range versions deliver 353 miles Tesla Model 3 (568 km).[7] According to Tesla the Model 3 carries full self-driving hardware, with periodic software updates adding functionality.[8][9][10] Limited production of the Model 3 began in mid-2017, with the first production vehicle rolling off the assembly line on July 7, 2017.[11][12][13] The official launch and delivery of the first 30 cars took place on July 28.[14] As of March 2020, the Tesla Model 3 is the world's best-selling electric car in history, with more than 500,000 units [15] [16][17] delivered. The Model 3 was the world's top selling plug-in electric car in 2018 and 2019, and also the best-selling Overview plug-in car in the United States.[18][19] The Model 3 was also the top selling plug-in car in Europe in 2019.[20] Manufacturer Tesla, Inc. Production July 2017 – present Contents Assembly United States: Fremont, California (Tesla Factory) History Model naming China: Shanghai Market (Gigafactory 3) [1] Design Designer Franz von Holzhausen Production Body and chassis Production stages Class Compact executive car (D) Deliveries Body style -
In Palo Alto, California, Clean Energy Company Tesla Produces Electric Vehicles
Tesla Company 3500 Deer Creek Road Tesla Ecosystem Palo Alto, CA 94304 (650) 681-5000; www.tesla.com Outside Relationships Outside Relationships Tesla Company (a Delaware Corporation) Securities Regulation and Regulators Capital Suppliers Customers Debt Structure Equity Structure Stock Exchange Customers Suppliers Capital Regulators Listing Rules Lenders Recourse Debt ($5.66B) Non-Recourse Debt ($4.56B) Solar Term Loan @ 3.7% Total Finance Leases Equity Securities Vehicle- Bond Automotive Asset-b\Backed Cash Equity Debt @ 5.3%-5.8% ($0.151B) ($1.468B) Regulators Related Public Debt Financing 2021 Notes @ 1.25% ($419M) ABL Credit Agreement @ Significant Notes @ 0.6%-7.9% ($1.698B) ($426M) Share Repurchase Preferred Stock Common Stock Regulation Holders 3.30% ($1.895B) Automotive Lease-backed Credit Equity Capital Stockholders Credit Ratings Plan Authorized: 100 M Authorized: 2000 M US Securities and 2022 Notes @ 2.375%($481M) Solar Asset-Backed Notes @ Solar Loan-backed Notes @ Facilities @ 1.9%-5.9% (0.033B) Moody’s: B2-Corporate Exchange Commercial Commercial Authorized: None Issued and Outstanding: Issued and Outstanding: Labor Unions National Highway Banks 3.0%-7.7% ($1.115B) 4.8%-7.5% ($146M) Family Rating; B3-Senior Elon Musk Commission Traffic Safety Loans 2024 Notes @ 2.00 % ($1.027B) Solar Bonds and Other Loans Solar Revolving Credit Facility Available: N/A None 959.85M (Tesla Not Currently (20.8%) (SEC) (Wells Fargo, Unsecured Rating Unionized) Administration JPMorgan Chase, @ 3.6%-5.8% ($54M) China Loan Agreements @ 4% Warehouse