Ahead of a ruling in the SolarCity case, here’s a roundup of some of Musk’s bigger swings – and misses – from the last five years
Elon Musk was in court in Delaware last week defending his role in Tesla’s acquisition of failing solar panel installer SolarCity in 2016. That questionable decision—SolarCity was founded by his cousins; Musk was its biggest shareholder and served on the board of both companies—triggered a shareholder lawsuit. Of course, not all of Musk’s misguided notions land him in Delaware Chancery Court, but many don’t pan out precisely as planned.
The construction site of the new Tesla Gigafactory for electric cars is pictured in Grüenheide near Berlin, Germany, Tuesday, April 27, 2021.Musk wanted Tesla’s first European batteryCK plant to open in July 2021. While much of the physical construction is complete, the plant lacks regulatory approval to begin operations, has stoked opposition from local environmentalists and faces fines related to water and sewerage issues. The current hope is that the plant will be open by early 2022.
” and that they need to use it with “additional caution”–suggesting that it isn’t ready for prime time.Musk said on Tesla’s Autonomy Day in October 2019 that by the end of 2020, “for sure, we will have over a million robotaxis on the road. . . . The fleet wakes up with an over-the-air update. That’s all it takes.
Elon Musk addresses a press conference to declare that Tesla Motors releases v7.0 System in China on October 23, 2015, in Beijing.Musk touted a larger, beer-can-size 4680 lithium battery cell in September 2020 that he claimed would be 56% cheaper and have five times the energy of the company’s current cells. He said pilot production of small batches at a lab in Silicon Valley was under way and that the company might be able to scale up to high-volume production within a year or two.
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