Lifeboat Foundation

Tesla has been given a vote of confidence by one of the world’s wealthiest men who believes the company’s valuation could grow four to five times between now and 2030.

Investor Ron Baron was speaking to CNBC about Walter Issacson’s new biography of Elon Musk, as Business Insider summarized, and Baron discussed the stock market potential of Musk’s electric vehicle company, Tesla, among other things.

“I think Tesla in the next seven years will be about four or five times as big as it is right now in the stock market,” Baron said. “In the funds that I manage, I’ve been maxed out.”

In an interview this year, Tosca Musk, entrepreneur and sister of Tesla Inc. and SpaceX CEO, Elon Musk, shed light on the unexpected burdens that come with her famous last name. While speaking to the Daily Mail, Tosca discussed the misconceptions and financial pressures she faces because of her sibling’s astronomical wealth. She is the younger sister of the richest man in the world who has a net worth of around $230 billion, according to Forbes.

Tosca, renowned for her role as founder of the streaming service and production company Passionflix, shared a particular incident that highlighted these issues. She revealed that when she sought to secure a location for her ventures, she was initially quoted $5,000 per day. As soon as her identity was recognized, the rate mysteriously skyrocketed to $25,000. Musk expressed her frustration, stating that such assumptions were hardly equitable.

Posted In: NewsStartupsTechElon MuskErrol Muskstartup crowdfunding.

Tesla has released an update with progress on its Optimus humanoid robot with a video that almost looks like CGI.

Optimus, also known as Tesla Bot, has not been taken seriously by many outside of the more hardcore Tesla fans, and for good reasons.

When it was first announced, it seemed to be a half-baked idea from CEO Elon Musk with a dancer disguised as a robot for visual aid. It also didn’t help that the demo at Tesla AI Day last year was less than impressive.

Teslas full-self driving Version 12 has just shocked the World. Elon Musk live-streamed it’s capabilities for the first time, and detailed how it now operates compared to previous versions of Teslas FSD. This really is a mind-blowing moment for Tesla, Tesla owners, and the future of Autonomous Cars.

#tesla.
#fullselfdriving.
#teslafsd.
#robotaxi.
#robotaxis.
#elonmusk.
#artificialintelligence.
#ai.
#autonomy.
#autonomouscar.
#autonomousvehicles.
#electriccars.
#tsla.
#evs.
#electricvehicles.
#teslanews.
#model3
#modely.
#teslaelectriccar.
#waymo.

Continue reading “Tesla’s MIND-BLOWING FSD V.12 Elon Musk Demo | Self-Driving Tesla” »

The new biography of Elon Musk by Walter Isaacson just came out on September 12. How has Musk already accomplished so much? Why does his success bother so many people? And what the heck is his fascination with the letter X?

Love him or hate him, Elon Musk seems to be everywhere with a hand in everything. He’s the richest person in the world, with an estimated net worth of between $226 Billion and $249 Billion depending on who does the estimating. And between Twitter, now X, SpaceX, Tesla, The Boring Company, OpenAI, X.Ai., and PayPal, he’s probably been involved in something that currently touches your life or will in the near future, especially if he gets his way.

Continue reading “The Problem with Elon Musk” »

Jason Shawhan, Tesla’s director of manufacturing at Giga Texas, recently gave a rare talk about the facility’s existing operations and the company’s plans for the future. The executive shared the information during a keynote address at the State of Manufacturing conference and expo, which was held by the Austin Regional Manufacturers Association.

Tesla is the world’s most valuable automaker by market cap, and its CEO, Elon Musk, is one of the most visible chief executives in the auto industry. Despite this, Tesla has a reputation for being tight-lipped when it comes to the details of its operations. Rare appearances from high-ranking executives such as Shawhan, who serves as director of manufacturing at Gigafactory Texas, are therefore very interesting.

Shawhan did not disappoint, as he did share a number of important insights about the facility. As noted in a report from the Austin Business Journal, the executive confirmed that Giga Texas has become the second-largest private employer in the region because the factory currently employs over 20,000 workers today. This is a notable increase from the 12,277 employees that Tesla confirmed at the end of 2022. Considering Gigafactory Texas’ growth so far, it would appear that the facility would be outpacing Musk’s estimates.

Long charging times and limited access to fast chargers can be the dealbreakers for electric vehicle buyers today. But technology advancements are often fast-paced, and it’s hard to predict how close, or far, we are from the next big breakthrough. However, battery scientists at Oak Ridge National Laboratory (ORNL) might have a solution for charging speeds.

ORNL’s paper highlights a new lithium-ion battery that can not only recharge to 80 percent in 10 minutes but also sustain the fast charging ability for 1,500 cycles. For those new to the EV language, battery charge, and discharge occur when ions travel between the positive and negative electrodes through a medium called an electrolyte.

Getting to fifteen hundred charging cycles isn’t a new development. Tesla CEO Elon Musk tweeted in 2019 that the Model 3’s battery modules were designed to last 1,500 cycles or between 300,000 and 500,000 miles.

The SpaceX Super Heavy Starship is already the largest and most powerful rocket ever built. Elon tweeted that future versions will be 10% to 20% longer. If the 20% longer development happens then the stacked rocket will be 144 meters long. Adding 24 meters would be over 60% of the length of the Space Shuttle orbiter which was 37 meters long.

Likely to be 10% to 20% longer in later versions.

— Elon Musk (@elonmusk) September 9, 2023