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Tesla soars, short-sellers squirm, as polite Musk promises “profitability”
Tesla shares make biggest one-day jump in nearly five years after earnings call that featured apologies from Elon Musk and promises of a sustained production rate of 7,000 cars a week and a “sustainably profitable” business from Q3 onwards. -
Tesla builds case for 250MW virtual power plant after first trial success
South Australia government hails success of trials of first phase of Tesla virtual power plant, saying it resulted in lower prices and greater grid security. It now seems disposed to roll-out the full 250MW planned, as well as its own plans for battery storage grants. -
Tesla big battery powerless to stop S.A. price gouging
Tesla says unprecedented chaos in South Australia’s electricity market on Monday highlights need for quick shift to 5-minute settlement. Coalition predictably blames renewables, while ACCC waves its hands and says price gouging is perfectly legal.
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