Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.
In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.
The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.
The City of Sydney has installed the first large scale battery storage system to be located within the Sydney metropolitan are. Transgrid and the City collaborated on the project, which sees 500 kWh of batteries coupled with around 450 kWp of rooftop PV.
The company will return to selling solar primarily through its stores and online.
The Tesla/Panasonic gigafactory is taking on more workers, as a sign of health. However many details remain unclear.
The installation of an 18 MW battery storage system shows the region’s pioneering work in integrating innovative storage systems to its electricity grid.
Tesla’s batteries may soon be Made in China. The announcement was made by Panasonic CEO Kazuhiro Tsuga during a conference accompanying the company’s 2018 fiscal-year results.
The pv magazine USA team attempt to answer some of the larger questions regarding California’s landmark mandate for solar on all new homes.
The company deployed 85 MW of residential solar during Q4 2017, as the last of the big three residential solar installers sticking to the third-party solar model.
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