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☆ Installing solar isn't the only big financial decision to make about controlling home power
▼ + stars: | 2023-10-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

That means it may be a good time to consider a home backup power storage system. Fossil fuel vs. battery power If you're not opposed to fossil fuel-powered options, there are several categories to consider based on your power needs. EVs as a backup power option for the home Some electrical vehicles can be used to back up essential items, or, in some cases, a whole home. "If you're contemplating spending $10,000 on a whole home gas generator system, why not think about an EV with this capability instead?" Some states provide additional solar battery incentives.

Persons: Ian Thomas Jansen, Lonnquist, Benjamin R, Dierker, Vikram Aggarwal, EnergySage, it's, Aggarwal, EVs, Ford's, Jim Farley, Stephen Pantano, Pantano, Sarah Delisle, Ted Tiffany, Tiffany Organizations: Motors Inc, Bloomberg, Getty, Alliance for Innovation, National Centers for Environmental, Consumers, GM, Ford, Swell Energy, Decarbonization Coalition, of Energy, Homeowners, Energy Department Locations: United States, California , Texas, Louisiana, California, California , Vermont , Massachusetts, New York, America

[1/2] The Tesla Energy Powerwall Home Battery is unveiled by Tesla Motors CEO Elon Musk during an event in Hawthorne, California April 30, 2015. Although Tesla sought a number of incentives to set up a battery storage factory, Indian officials conveyed these would not be available, one of the sources said. It is largely dependent on coal-based power generation as storage technologies are expensive and not yet widespread. With incentives, Powerwall costs more than $5,500 in California, with additional costs for solar panels. It is eligible for U.S. federal tax credits and local state and utility incentives for solar and energy storage.

Persons: Elon Musk, India's Modi, Tesla, Narendra Modi, company's, Musk, Modi, Aditya Kalra, Aditi Shah, Sarita Chaganti Singh, Sudarshan, Kirsten Donovan Organizations: Tesla Energy, Tesla Motors, Elon, Thomson Locations: Hawthorne , California, India, DELHI, New Delhi, Tesla's California, California, Houston, Dallas, Texas

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTThe Tesla Motors Inc. Model X sport utility vehicle (SUV). The car or its computer was suddenly online in a Southern region of war-torn Ukraine, he found by opening up his Tesla app and using a geolocation feature. CNBC found that after the car was totaled, online auction site Copart listed it for sale, according to website listings. "Virtually all of the vehicles that are totaled will end up at a salvage auction," he said. One online auction website that specializes in such sales estimated the winning bid for the vehicle would be between $27,400 and $29,400.

Persons: David Paul Morris, Jay Yarow, Yarow, Ken Tindell, —, Tindell, Copart, Mike Dunne, Steven Lang, Lang Organizations: Tesla Motors Inc, Bloomberg, Getty, CNBC, Drake, Twitter, Canis Labs, Overseas, General Motors Locations: U.S, Southern, Ukraine, New Jersey, Norway

☆ Tesla created secret team to suppress thousands of driving range complaints
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +19 min

He expected to get something close to the electric sport sedan's advertised driving range: 353 miles on a fully charged battery. The directive to present the optimistic range estimates came from Tesla Chief Executive Elon Musk, this person said. Driving range is among the most important factors in consumer decisions on which electric car to buy, or whether to buy one at all. Electric cars can lose driving range for a lot of the same reasons as gasoline cars — but to a greater degree. Independent automotive testers commonly examine the EPA-approved fuel-efficiency or driving range claims against their own experience in structured tests or real-world driving.

Persons: Daniel Acker, Alexandre Ponsin, Tesla, Elon Musk, Elon, Scott Case, Case, Gregory Pannone, Pannone, carmaker, Ford, Jonathan Elfalan, Edmunds, Elfalan, They've Organizations: Tesla Motors Inc, North American, Bloomberg, Getty, Reuters, Tesla, South, Environmental Protection Agency, EPA, Ford, Chevrolet, Hyundai Kona, National Science Foundation, SAE International, U.S, Porsche, Benz, EV, Independent, General Motors, Hyundai, Korea Fair Trade Commission, Service Locations: Detroit , Michigan, Colorado, California, Las Vegas, Austin , Texas, Nevada, U.S, Seattle, Vegas, Henderson, Utah

☆ U.S. auto dealer profits ease from 2022 peak, M&A drive stays high - report
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

In 2022, profits reached an estimated $6.5 million per location for dealerships owned by public auto retailers, more than triple of pre-pandemic levels, according to the report from Haig Partners, a buy-sell advisory firm to auto dealers. But dealers still expect profits to remain over twice as high as 2019, powering demand for acquisitions in the drive to expand, the report said. "The result of high profits and strong demand is that we have seen record-high prices being paid for dealerships in the last six months," Haig said. To hit those targets, the three auto dealers would together need $48.7 billion in revenue and purchases of nearly 500 dealerships, the report said. The Haig Report tracks trends in auto retail.

☆ Volkswagen's Scout says to build $2 bln manufacturing plant in South Carolina
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: 1 min

[1/2] A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters during a media tour to present Volkswagen's so called "Blaue Fabrik" (Blue Factory) environmental program, in Wolfsburg, Germany May 19, 2017. REUTERS/Fabian Bimmer/File PhotoFRANKFURT, March 3 (Reuters) - Volkswagen's (VOWG_p.DE) Scout Motors Inc. said on Friday it would build a $2 billion manufacturing plant near Columbia, South Carolina, for trucks and SUVs. The investment could potentially create 4,000 or more permanent jobs and more than 200,000 Scout vehicles could be produced annually at the facility, the company added. Reporting by Ludwig Burger, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ NTSB finds no evidence Tesla Autopilot used in fatal 2021 Texas crash
▼ + stars: | 2023-02-09 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

The National Transportation Safety Board has concluded an investigation into a fatal Tesla crash that occurred in Spring, Texas in 2021. The federal vehicle safety watchdog found no evidence the company's driver assistance system, which is marketed as Tesla Autopilot, was in use at the time of the crash. The crash initially drew widespread attention after a local constable said nobody was behind the wheel at the time of the crash. The NTSB relied on data from Tesla, a sample vehicle and versions of software provided by Tesla, to conduct part of its investigation. If the Tesla had been equipped with systems like this, the NTSB said, the trip and fatal crash may have been prevented.

☆ Lightning eMotors flags sales loss due to supply issues from Nikola unit
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: 1 min

Jan 10 (Reuters) - Zero emission vehicle manufacturer Lightning eMotors Inc (ZEV.N) said on Tuesday it "lost significant" sales volume in the fourth quarter, citing battery supply issues from a Nikola Corp (NKLA.O) subsidiary. "Romeo Power Systems Inc unexpectedly notified Lightning that it would not honor its commitments to supply battery packs, or to provide further service or support, under its long-term supply agreement with Lightning," the company said. Romeo Power Systems did not immediately respond to a Reuters request for a comment. Reporting by Aishwarya Nair in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla faces U.S. criminal probe over self-driving car claims, sources say
▼ + stars: | 2022-10-26 | by ( ) www.nbcnews.com time to read: +6 min

Such warnings could complicate any case the Justice Department might wish to bring, the sources said. A Justice Department spokesperson declined to comment. As part of the latest probe, Justice Department prosecutors in Washington and San Francisco are examining whether Tesla misled consumers, investors and regulators by making unsupported claims about its driver assistance technology’s capabilities, the sources said. The Justice Department’s Autopilot probe is far from recommending any action partly because it is competing with two other DOJ investigations involving Tesla, one of the sources said. The Justice Department may also face challenges in building its case, said the sources, because of Tesla’s warnings about overreliance on Autopilot.

☆ In-wheel motors could be the future of electric cars
▼ + stars: | 2022-10-26 | by ( Nell Lewis | ) edition.cnn.com time to read: +7 min

Mounted in the rim of an electric vehicle’s wheels, the motors increase efficiency by delivering power directly to where it’s needed most. Supercars and pickup trucksElaphe, which was founded in 2006 by Gorazd Lampič and quantum physicist Andrej Detela, has designed in-wheel motors for a range of electric vehicles. In-wheel motors are far more exposed to the elements as well as impacts and vibrations from the road. The report notes that as electric vehicles become more popular, automakers are looking towards in-wheel motors for their space-saving abilities and improved power efficiency. Another major player is Protean Electric, which was acquired by British electric vehicle maker Bedeo in 2021.

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