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STORY story964030 Latest (Could Puerto Rico go solar? Its governor said talks with Elon Musk about that went well) english STORY https://hypegram.com/story?q=964030 /storyImage/964030 Sat Oct 07 2017 23:58:56 GMT+0000 (UTC) {}

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usa
us world
USA Today
8 d ago
Could Puerto Rico go solar? Its governor said talks with Elon Musk about that went well
Tesla chief Elon Musk and the U.S. territory's governor had a 25-minute conversation Friday night.
         
 
 
government
greentech
tc
elon musk
hurricane maria
puerto rico
tesla
tech
TechCrunch
10 d ago
Puerto Rico governor says ‘Let’s talk’ after Elon Musk offers to solve the island’s power crisis
 Puerto Rico’s power grid has been practically demolished in the wake of hurricane Maria. It now has a once in a lifetime opportunity to rebuild and the island’s governor Ricardo Rossello wants to have a chat with Elon Musk about his recent offer to use Tesla batteries and solar power for the the job. Read More
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tech
gadgets
CNET News
10 d ago
Elon Musk talks with Puerto Rico about Tesla power options - CNET
The Tesla CEO and the Puerto Rico governor exchange tweets about the potential for a new electricity system.
science
The Verge
10 d ago
Elon Musk offers to rebuild Puerto Rico’s power grid using solar
A casual comment on Twitter by Tesla CEO Elon Musk about rebuilding Puerto Rico’s power grid using solar technology is being treated seriously by the storm-ravaged island’s top elected officials.
On Twitter, Musk said that his technology, which powers several smaller islands, could be scaled up to work for Puerto Rico. The island’s governor promptly responded : “Let’s talk.”
The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too. Such a decision would be in the hands of the PR govt, PUC, any commercial stakeholders and, most importantly, the people of PR.
— Elon Musk (@elonmusk) October 5, 2017
@elonMusk Let's talk. Do you want to show the...
Continue reading…
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science
tech
Daily Mail
10 d ago
Elon Musk says Tesla can fix Puerto Rico's electric woes
Billionaire entrepreneur and clean energy champion Elon Musk said Thursday that his company's solar power grid can provide a long-term solution to Puerto Rico.
friendly neighborhood billionaires
elon musk
tesla
batteries
solar power
electric grid
puerto rico
tech
gadgets
Gawker Media
10 d ago
Elon Musk Wants to Help Puerto Rico Rebuild Its Grid Using Tesla Batteries [Updated]
Elon Musk, your friendly neighborhood billionaire, has said Tesla has the ability to remake Puerto Rico’s grid if the government is interested. And, well, it sounds like they’re very interested.
Read more...
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usa
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USA Today
10 d ago
Elon Musk: Tesla can help fix Puerto Rico's ruined electrical grid
Elon Musk pledged to meet with Puerto Rico's governor to discuss how he could help rebuild the island's ruined electrical grid with renewable energy.
         
 
 
puerto rico
tesla
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tsla
business
news
Business Insider
10 d ago
Puerto Rico's governor may take up Elon Musk's offer to use Tesla batteries to rebuild the island's electrical system (TSLA)
Tesla
Puerto Rico Governor Ricardo Rossello may take up Tesla CEO Elon Musk's offer to rebuild the island's electrical system using Tesla's massive batteries and solar panels.
Musk said Thursday that Tesla could use its Powerpack batteries and solar panels to restore electricity to Puerto Rico. Tesla has already built similar systems on smaller islands like Ta'u in American Samoa , which can now run entirely on solar power.
Tweet Embed:
https://twitter.com/mims/statuses/915939199718531072?ref_src=twsrc%5Etfw
The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too. Such a decision would be in the hands of the PR govt, PUC, any commercial stakeholders and, most importantly, the people of PR.
Musk said there's "no scalability limit" and Tesla could rebuild Puerto Rico's electrical system if the island's residents and government decided they want to pursue that option.
The idea could come to fruition. 
"Let's talk," Rossello responded to Musk on Twitter early Friday, noting that such a system could be a "flagship project" for Tesla.
Tweet Embed:
https://twitter.com/mims/statuses/916099290686205953?ref_src=twsrc%5Etfw
@elonMusk Let's talk. Do you want to show the world the power and scalability of your #TeslaTechnologies ? PR could be that flagship project. https://t.co/McnHKwisqc Tweet Embed:
https://twitter.com/mims/statuses/916234148104118272?ref_src=twsrc%5Etfw
I would be happy to talk. Hopefully, Tesla can be helpful.
Tesla said it has already sent hundreds of its residential batteries , the Powerwall, to Puerto Rico in the wake of Hurricane Maria. The Category 4 storm knocked out power for the entire island's 3.5 million residents, and they  may not get power again for another six months .
NOW WATCH: Puerto Rico is completely without power after getting slammed by Hurricane Maria — here's where the storm is heading next
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chris ciaccia
Fox News
10 d ago
Elon Musk can rebuild Puerto Rico's power grid, if given the chance
Robert Downey Jr.'s version of Tony Stark in "Iron Man 2" may have been loosely based on Elon Musk, but it appears Musk is the real super-hero, as he tries to save one energy grid at a time.
BBC
10 d ago
Elon Musk says he can rebuild Puerto Rico's power grid with solar
The Tesla founder says he can replace the island territory's destroyed power grid with solar energy.
icons of entrepreneurship
business
Ink
10 d ago
Now Elon Musk Is Saying Tesla Could Rebuild Puerto Rico's Entire Power Grid
Tesla has built grids for smaller islands before. Could it do the same for Puerto Rico?
CNN
10 d ago
Musk: Tesla can fix Puerto Rico's broken power grid
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solar power
puerto rico
power grid
Mashable
10 d ago
Elon Musk's open to rebuilding Puerto Rico's power grid, but there's a catch
Read more...
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More about Tesla , Powerwall , Solar Power , Puerto Rico , and Power Grid
paid
The Wall Street Journal
10 d ago
Rebuild Strong, Not Green, in Puerto Rico
Sell the bankrupt power authority and harden the grid.
tesla
elon musk
bitranspo
solar
powerwall
powerpack
puerto rico
tsla
business
news
Business Insider
11 d ago
Elon Musk says Tesla's batteries could replace Puerto Rico's electrical system (TSLA)
Reuters/Jonathan Drake
Tesla CEO Elon Musk said the company's batteries and solar panels could help restore electricity to Puerto Rico if residents and the government decide they want to pursue that option.
Musk said on Twitter Thursday that Tesla has already used a combination of its solar panels and Powerpack batteries to power a couple of small islands. He said that there is "no scalability limit" and that Tesla could build a similar system in Puerto Rico. 
Tweet Embed:
https://twitter.com/mims/statuses/915939199718531072?ref_src=twsrc%5Etfw
The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too. Such a decision would be in the hands of the PR govt, PUC, any commercial stakeholders and, most importantly, the people of PR.
The island of Ta’u in American Samoa can run entirely on solar energy thanks to a Tesla microgrid that consists of 5,328 solar panels and 60 Powerpack batteries. Tesla also built a massive solar farm on the Hawaiian island of Kauai  that can account for 20% of the island's peak electricity load. 
Tesla has already sent hundreds of Powerwalls to Puerto Rico in the wake of Hurricane Maria. The category 4 storm knocked out power for the entire island's 3.5 million residents, and the island  may not get power again for another six months .
NOW WATCH: We tried Tesla's cool new 'Summon' feature — where the car comes and picks you up
video
politics
commerce
CNN
11 d ago
Weir: Puerto Rico crisis 'a monster problem'
Following the devastation caused by Hurricane Maria, Puerto Rico continues to face shortages of power, food, fuel and water.
video
politics
commerce
CNN
11 d ago
Puerto Rico Governor: Focused on getting resources
Ricardo Rossello, Governor of Puerto Rico, says he's "not getting involved in any of the give and take" about the administration's response to the crisis.
video
politics
commerce
CNN
11 d ago
Conway: We're doing what we can in Puerto Rico
Kellyanne Conway talks to CNN's Chris Cuomo about the Trump administration's response to the Puerto Rico crisis.

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4 d ago ReutersHow to rebuild Puerto Rico: Rubio asks Trump for expert panel
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WASHINGTON (Reuters) - Senator Marco Rubio said on Thursday he has urged U.S. President Donald Trump to create a high-level task force to provide ideas and advice for helping Puerto Rico to rebuild after Hurricane Maria, and that the president was receptive to the idea.


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Hurricane Maria's devastation in Puerto Rico is accelerating a process of migration of young professionals that could cause a future financial crisis.
         
 
 

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WASHINGTON (Reuters) - Senator Marco Rubio said on Thursday he has urged U.S. President Donald Trump to create a high-level task force to provide ideas and advice for helping Puerto Rico to rebuild after Hurricane Maria, and that the president was receptive to the idea.


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7 d ago Business InsiderTesla is ramping up battery production to aid Puerto Rico — but installations costs are reportedly skyrocketing (TSLA)
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AP Photo/Ringo H.W. Chiu
Tesla CEO Elon Musk said he's making battery production for Puerto Rico a top priority — but installation costs have reportedly been prohibitively expensive for many locals.
Tesla delayed its electric semi-truck reveal in part to focus on ramping up battery production for the storm-ridden island,  Musk said Friday.
Tesla has been shipping hundreds of its residential batteries, the Powerwall, to Puerto Rico. This way, residents who already have solar panels installed on their houses can use the batteries to restore power while the electrical grid is still down.
But with so many people in need of power, it's no surprise that demand has far exceeded supply. It certainly doesn't help that some third-party installers are charging excessive premiums, Electrek first reported .
Some locals told Electrek that installers have charged as much as $12,000 for a Powerwall with installation. The $6,200 Powerwall typically costs between $800 and $2,000 to install, according to Tesla's website.
Musk said on Friday that Tesla always charges the same price for a Powerwall and will stop shipping units to installers charging excessive premiums.
He added that the internal Tesla team on Puerto Rico is very small and the company is working to send more experienced installers to train and hire locals.
Tweet Embed:
https://twitter.com/mims/statuses/916333129928810496?ref_src=twsrc%5Etfw
Tesla always charges the same price for a Powerwall (only taxes & shipping costs vary), so something is messed up here. I've asked my team to stop shipment to any installers charging excessive premiums.Tweet Embed:
https://twitter.com/mims/statuses/916336207935635457?ref_src=twsrc%5Etfw
The internal Tesla Powerwall install team in PR is very small right now. Sending experienced installers from continental US to hire & train local team as fast as possible.
A Tesla representative declined to comment beyond Musk's statements.
Musk said increasing battery supplies was a top concern after speaking with Puerto Rico Governor Ricardo Rossello , who said he was interested in using Tesla's commercial batteries, the Powerpack, and solar panels to rebuild the island's electrical system. 
Hurricane Maria, a Category 4 storm, knocked out power for the Puerto Rico's 3.5 million residents, and they  may not get power again for another six months .
NOW WATCH: The secret to Steve Jobs' and Elon Musk's success, according to a former Apple and Tesla executive

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7 d ago Ink :: Elon Musk's Tesla Is Ramping Up Battery Production to Help Puerto Rico, But Installation Costs Reportedly Are Blowing Up
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Reports say installers are charging as much as $12,000 when the typical installation costs fall between $800-$2,000, according to Tesla's website.
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Started 7 d ago until 7 d ago
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7 d ago InkElon Musk Takes to Instagram With Response to Tesla Model 3 Criticism
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The entrepreneur took to Instagram after an unflattering report published Friday.
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7 d ago Ars Technica :: Elon Musk says Tesla is still in Model 3 “production hell”
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Enlarge (credit: David Butow | Getty Images)
If there's one thing the Internet likes, it's a good slapfight, particularly when the arguing involves Tesla. The most recent outbreak of hostilities began on Thursday, when Tesla-skeptical Daily Kanban reported that parts of the Model 3 production line had not yet been installed in Tesla's Fremont factory. The following day, Tesla CEO Elon Musk used Twitter to let us know that plans to unveil an electric semi truck had been pushed back three weeks—from October 27 to November 17—because company resources were needed to "fix Model 3 bottlenecks" and to increase battery production for Puerto Rico .
That same afternoon, The Wall Street Journal claimed that the 260-odd Model 3s that have been delivered thus far had "major portions" built by hand. That statement was strenuously denied by Tesla in response to a similar piece at Jalopnik , although the company did describe the Model 3 as being in "production hell." Tesla also noted that it finds a strong anti-Tesla bias in the WSJ's reporting. (That same day, the WSJ stopped just short of accusing Tesla of " misleading shareholders .")
One outlet that could never be described as having an anti-Tesla slant is Electrek, and it's from here that we find out a few more details of the problems the Model 3 is undergoing. According to a report Electrek published later on Friday, Tesla had to change the front seats and battery packs (as well as headlights and taillights) as it figures out how to get its new model into genuine mass production.
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10 d ago TechCrunchElon pushes back Tesla Semi unveiling to focus on Model 3 and Puerto Rico
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 Back at the beginning of September, Elon Musk tweeted that the company would unveil its long rumored all-electric semi truck on October 26th. He noted that it was “tentatively” scheduled, leaving the door open for a date change if need be. Turns out that was a good call. Read More


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10 d ago Business Insider :: Elon Musk just said he's delaying Tesla's semi-truck reveal to focus on struggling Model 3 production (TSLA)
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Tesla
Tesla CEO Elon Musk just announced that the company will delay its electric semi-truck reveal to focus on Model 3 production after missing its target for the much-anticipated car.
Tesla was set to unveil the semi-trailer on Oct. 26 in Hawthorne, California. It will now reveal the battery-powered truck on Nov. 16, Musk said.
Friday's announcement marks the second time Musk has delayed the reveal of Tesla's first big-rig. The company was originally supposed to debut the semitrailer in September .
"Tesla Semi unveil now Nov 16," Musk said on Friday on Twitter. "Diverting resources to fix Model 3 bottlenecks & increase battery production for Puerto Rico & other affected areas."
Tesla's truck will have a 200- to 300-mile range and have self-driving capabilities, Reuters reported .
Cause for delay
Tesla will use the extra three weeks to focus on Model 3 and battery production, Musk said.
Tesla only produced 260 Model 3 sedans in the third quarter, widely missing its original target to manufacture 1,500 sedans in September . It was a big miss for the most highly-anticipated car of the year, which secured 455,000 orders as of August.
Tweet Embed:
https://twitter.com/mims/statuses/916395155120205825?ref_src=twsrc%5Etfw
Tesla Semi unveil now Nov 16. Diverting resources to fix Model 3 bottlenecks & increase battery production for Puerto Rico & other affected areas.Tweet Embed:
https://twitter.com/mims/statuses/916401222487126016?ref_src=twsrc%5Etfw
I'm doing my best to recalibrate, but that is a fair criticism. However, if I wasn't inherently optimistic, I wouldn't be doing electric cars and rockets in the first place!
The Model 3 is Tesla's first mass-market vehicle starting at $35,000. Musk had said that the first six months of  Model 3 production would be "hell."
The company will also use the extra time to focus on battery production for Puerto Rico. 
Puerto Rico Governor Ricardo Rossello spoke with Musk  on Friday about using Tesla's Powerpack batteries and solar panels to restore electricity to the island in the wake of Hurricane Maria. The Powerpack is Tesla's commercial battery and has already been used to power smaller islands like  Ta'u in American Samoa
Tesla said it has already  sent hundreds of its residential batteries , the Powerwall, to Puerto Rico. The company is currently prioritizing using Powerwall batteries to power medical equipment, Musk said Friday.
NOW WATCH: The secret to Steve Jobs' and Elon Musk's success, according to a former Apple and Tesla executive

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10 d ago The Verge :: Musk delays Tesla Semi unveil to focus on Model 3, Puerto Rico
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Tesla admittedly went into fall with a lot on the to-do list, but CEO Elon Musk, who also runs SpaceX and SolarCity, may be rearranging plans in order to keep everything in order. Musk tweeted Friday the Tesla Semi truck unveiling, once planned for October 26th, would now take place November 16th.
The Semi timing was shuffled, Musk said, in part to get production of the Tesla Model 3 back on schedule. Last week, the company admitted “production bottlenecks” meant only 260 Model 3s had been built so far, off of the 1,500 target. However, there’s also another reason — Musk may be gearing up to have Tesla help Puerto Rico , still devastated by Hurricane Maria, restore power to the island:
Tesla Semi unveil now Nov 16. Diverting resources...
Continue reading…

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10 d ago Reuters :: Tesla delays unveiling of semi-truck
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(Reuters) - Tesla Inc Chief Executive Elon Musk said the electric carmaker will unveil its semi-truck on Nov. 16 as it diverts resources to fix Model 3 production bottlenecks and increase battery production for Puerto Rico.


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13 d ago Business InsiderThe secret to Steve Jobs' and Elon Musk's success, according to a former Apple and Tesla executive
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George Blankenship knows a thing or two about innovative companies.
Now an independent consultant, Blankenship was previously a vice president at Tesla Motors from 2010 to 2013, and a vice president of real estate at Apple , working closely alongside Steve Jobs to launch the first 165 Apple Stores worldwide before that.
Blankenship recently sat down with Business Insider deputy executive editor Matt Turner to discuss the visionary leadership of Steve Jobs and Elon Musk, and how they set their companies up for success from the beginning.
This interview has been lightly edited for length and clarity.
Matt Turner: I want to start by asking what innovative companies, particularly Tesla and Apple, which today carry so much weight, have in common?
George Blankenship: They had a focus on the future that didn't matter what other people saw. They saw a future of — how can you make communications simple, easy, and handheld? It becomes an iPhone.
At Apple, we looked around at what was going on in the world at the time, and the technologies that were available that weren't in phones of the time. If you went back 10 years ago and you looked at a Motorola flip phone — one of the hottest phones — or the Palm, Nokia, et cetera, they worked, but there was so much more potential. Steve just saw so much more opportunity for what this device could be.
Steve just saw so much more opportunity for what this device could be.
They had a phone, which then enabled the real disruptive part of that technology, which was the app store. Think about it, for two, three, four years, Apple never advertised the phone; it was "there's an app for that." If you step back, what would Uber be today without a smartphone? What would Facebook be? What Steve saw were opportunities with existing things that other people just didn't see.
With Elon, it's very, very interesting talking to him because everything really does have a bigger picture to it. You think about Tesla. Well, when I first met with him six or seven years ago, he had this vision, and the vision was to move the planet away from fossil fuels and into renewable resources. Tesla is a part of that, but it's not the whole picture. It's moving people to electric vehicles, but what else could you do? Well, if you're building an electric car you have to have a lot of batteries, so you go to a battery factory. Well, if you've got these batteries what else could you do with them? You could do a battery wall, a battery pack that hangs on the wall — you charge it up and run your house and car off of it. And then what's missing is solar, so a year ago they merged with Solar City.
Now you can take this energy from this great big fusion reactor in the sky, put it in batteries and run your car and your house. It's a bigger picture than what other people are doing. You might ask, well, why don't other car dealers do this? Or why don't other manufacturers do this? It's because they just don't see things the way a Steve Jobs and an Elon Musk do — and they have the conviction to make it happen.
Turner: How alike are those two people, Steve Jobs and Elon Musk? They're almost iconic now. What similarities do they share, and what was it like to work with them?
Blankenship: They share a lot of the same qualities. They have a conviction and a belief that the direction they're going is right. Regardless of what anybody else says, the direction is right.
When you have that conviction and you share it with an entire team of people, then you take that conviction you've embedded in a whole group of people and enable and expect them to do more than what they thought they were capable of.
When you have that conviction and you share it with an entire team of people, then you take that conviction you've embedded in a whole group of people and enable and expect them to do more than what they thought they were capable of.
Then you've got this whole group of people who are doing things that individually they wouldn't have done. Individually, even if challenged, they might have done them, but when you take it and you put it into another level where you've got a whole group of individuals doing something they never thought they could do, together, pretty incredible things happen. It's an experience that's hard to describe because when it's happening around you, you get caught up in it.
At Tesla, I was there up until Q1 of 2013 when we became profitable, and the bets were against us. I sort of came to work every day knowing that there was probably an 80% chance the company was going to fail. But you came to work with a group of people every day who would never say never. They would do extraordinary things that ended up turning into what it is today.
Turner: How much of those companies are tied up in the individual? Clearly, Apple exists after Steve Jobs, but how much of the culture that's there was really the Steve Jobs culture? How does it survive on after he's no longer there? What would you make of Apple today?
Blankenship: When you put together the group of people I just described, those people have a can-do mind-set, that nothing's impossible: "We're doing something bigger than making an electronic device; there's a bigger purpose here." Look at what the results have been of Apple. Yes, Steve passed away in 2011, but look at the way the company has continued to evolve as a service company: How many millions of iPhone X's do you think they're going to take on order for over the next couple of weeks? It's going to be massive. The company today isn't going through the product innovations on an every three-year basis that it was in the 10 years between 2000 and 2010, but I think it's finding ways that the device has become more personal and more embedded in what you do and how you do it, which aligns you to the platform in an incredible way. Tim [Cook] has done a really good job of doing that.
Turner: Turning to Elon Musk, obviously Tesla is a pretty young company, relatively speaking, still in the early stages, what do you make of where it is now and where do you think it's headed?
Blankenship: Elon's just getting started. Tesla's still in many ways in its infancy. It's the first successful US car company since the 1950s. Ford went public in 1956, so Tesla's the first US car company to be successful in 50 years. He's just getting started.
The Roadster was kind of proof-of-concept, then Model S, then Model X — basically a $100,000 car. But now you've got the Model 3. If you start to step back and say, OK, impact-wise, what does this do? Well, Model 3 is the one Elon always wanted to get to. It was always the goal. We opened stores so we could start developing people to want model 3 back in 2011.
Elon announced the car a year ago, on March 31, and 115,000 people reserve a car before he even launched it; 325,000 people reserved the car in the first week. They delivered 30 of them on July 31. He tweeted out they were taking 1,800 reservations a day, for a car most people have never seen. Combine that with the battery factory in Reno, Nevada — 10 million square feet of battery production — and the Tesla power wall, with Solar City and Tesla becomes a get-you-off-the-grid company. It becomes a car company that's got different cars (and they'll have more coming), the battery company, battery technology being very important. And Solar — now they've got the solar roof.
There's going to come a point in time where the solar roof, to the battery, to the car, becomes affordable so that when you're replacing the roof on your house, your accountant will be the one telling you, instead of paying $60,000 to replace your roof, pay $60 to $70 and don't have an electric bill anymore — and go get an electric car while you're at it. The company is just in its infancy at this point on where it's actually capable of going.
Turner: If you had to bet, how far away do you think that moment is?
Blankenship: It's a combination of multiple things. I would never bet against anything that Elon has going on in the background. Right now, the last thing I read said they have the most efficient solar panels. You don't necessarily need the same battery technology in the power wall as you need in the cars. It could be second, third generation, like a chip in a computer. You take those cost savings, and a little bit more efficiency, and who knows? Could it be five years, and suddenly you're in a place where people are starting to say, this is starting to make a whole lot of sense, and when the time comes to make the big leap you're going to do a roof anyway, might as well?
In the meantime, you can still do the solar panels and, depending on where you are on electricity cost, it makes sense to do now. There's going to be that watershed moment when the efficiency of the panels and the battery technology and the cost of batteries gets to a point where it just makes all the sense in the world. I just don't know how much he has going on right now to know when that's going to be.
Turner: There's still the Tesla bus being talked about, and autonomous driving, and everything else. What do you see as being the future of Tesla with regard to those things? A Tesla bus could revolutionize logistics and transportation, and Tesla is amassing data for autonomous cars all the time with the number of cars it already has on the road. Do we get to a point where every car and truck is Tesla and they're all powered by Tesla solar panels? How big does it become?
Blankenship: It doesn't need to be Tesla. Just so you know, that was never Elon's goal was for everything to be Tesla. What he wants to do is advance the adoption of electric vehicles. So the Nissan Leaf is good! The BMW i3, that's good! Is it a competitor? Not really. You could say it is, but not really. The more electric cars the better.
When you start talking about other technology, there are a lot of people racing out there for autonomous cars, and I think they have a different motivation. They're doing it because others are saying they need to do it. They're saying, "I can't be behind the curve; we've got to do this because we have to." With Elon, it's a different reason: It's about safety. When you have a different mind-set like that: It is safer to be in an autonomous car. In fact, if you want to see an interesting video , there's one on YouTube of a driver in the Netherlands in a Tesla Model X and he's on the highway and the car is auto driving. Up ahead there's a car that goes to pull out around another car, and the Tesla actually warns that there's an accident about to happen one second before the accident even connects. That's safety. Yes, it's cool; it's a neat technology with lots of applications; but it's safer. When you have that type of motivation you do things in a different way. That's the way Elon thinks about things. It's safer, and that's what he would focus on.
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 Turner: What you've described at both Apple and Tesla with Steve Jobs and Elon Musk is a mission at the heart of the company and its strategy. Are there any other companies or people you see out there that when you look at them you say, that's the same thing?
Blankenship: I think there are different types of missions. Yes, Elon and Steve had their missions. If you look at Amazon, Amazon's mission, without a doubt, is the customer: What can we do for the customer? What can we do to make the experience better for the customer? How do we have the best customer experience on the planet? That's a mission.
If you go to their recruiting page on their website, they say, here are the 10 guiding principles of the company. No. 1 is the customer. When you join Amazon, you better know that the customer is what you're there for.
When you join Amazon, you better know that the customer is what you're there for.
I think they do an incredible job with that mission, whether it's Amazon delivery, and if that's not fast enough, there's Prime in two days. Prime Now, in one hour will deliver to your home. "Alexa, order me a pizza," and a pizza shows up at your house in 30 minutes. "How do we embrace a customer and make it special for them?" I think there are different kinds of missions. It doesn't have to save the planet or communication or simplicity. Amazon does a really good job of it.
Turner: We hear a lot about the retail apocalypse and Amazon's part in that. You obviously were very involved with the Apple retail strategy. What hope is there for traditional brick-and-mortar stores? What do they have to do to survive and prosper in this environment?
Blankenship: I think this whole apocalypse thing is ridiculous. What's happened in the United States is there's more retail space than there needs to be. Depending on who you talk to, there are about 1,200 regional, mall-type shopping centers out there. I think there's about 800. About 400 of them are going to survive, and I think about 300 of them are going to thrive. They're going to redefine that shopping because it's going to get down to where the right amount of square footage is out there.
Then what's going to happen, is you've got this experience generation coming up: Millennials, Gen-X'ers, they want to experience things. You can buy it on the web and pick it up in the store. How many people bought an iPhone 8 and picked it up in an Apple store the other day? I don't know, but I'm sure it was a bunch. Where did they go to do that? To the Apple store in the shopping center that everybody says is going to be dead. They're putting in grocery stores into it, they've got the theatre. As developers start to step back and put more technology in the centers and have the best, fastest WiFi, easy shopping, and then delivery, the shopping center has a bright future, just in a different way. I know some of the developers out there and they're doing a good job looking ahead and identifying what can be done. They're moving toward that direction to make the shopping mall an experience place where you want to go. When you get there, what you wanted to do, is there to do.
Turner: One last question for you. What's the next big thing? I know it's a big question, but you've seen firsthand iconic people, been involved in auto, retail, tech, and have a pretty broad view of what's going on in innovation. What do you think is the next big thing?
Blankenship: That's a really good question. I think that some of the outgrowths of virtual reality is going to be a really big thing. Not necessarily for gaming and that kind of stuff, but I think what you can do with 3D renderings — what impact could that have on the medical community?
I think that some of the outgrowths of virtual reality is going to be a really big thing. Not necessarily for gaming and that kind of stuff, but I think what you can do with 3D renderings — what impact could that have on the medical community?
On healthcare? What advantages could you identify ahead of time? What if you combine it with a little bit of AI? Suddenly you've got something that's totally unemotional; it just has a prime directive, and it's going to go out there and it's going to figure out the best way to do something. What if you can do something with some visualization and 3D modeling and put it together to do something extraordinary that scientists today maybe just can't get to?
I think there's an AI component maybe with some virtual reality and 3D rendering that sort of ends up leading to a place that advances things that we would have still gotten to, but maybe we get there quicker. When it comes to healthcare and things like that, that's a big impact on humanity, so I'm looking forward to those things happening.

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13 d ago Business Insider :: FORMER TESLA EXEC: Elon Musk is 'just getting started' (TSLA)
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Shares of Tesla  continued to rise Tuesday, trading up about 1.2%, despite the company missing its Model 3 production target for September by a wide margin .
It’s not the first time Tesla's stock has gained despite the electric auto maker missing its delivery projections . That’s because cars are only the beginning of a fully-connected Tesla ecosystem, says former Tesla Vice President George Blankenship.
"Elon's just getting started," Blankenship told Business Insider’s deputy executive editor Matt Turner in a recent interview . "Tesla's still in many ways in its infancy. It's the first successful US car company since the 1950s. Ford went public in 1956, so Tesla's the first US car company to be successful in 50 years."
Blankenship, who also served as VP of retail at Apple for six years before joining Tesla from 2010 to 2013, points to the full ecosystem that Tesla is building as proof of his point. Here's Blankenship:
"Elon announced the car a year ago, on March 31, and 115,000 people reserve a car before he even launched it; 325,000 people reserved the car in the first week. They delivered 30 of them on July 31. He tweeted out they were taking 1,800 reservations a day, for a car most people have never seen. Combine that with the battery factory in Reno, Nevada — 10 million square feet of battery production — and the Tesla power wall, with Solar City and Tesla becomes a get-you-off-the-grid company. It becomes a car company that's got different cars (and they'll have more coming), the battery company, battery technology being very important.
Now they've got the solar roof. There's going to come a point in time where the solar roof, to the battery, to the car, becomes affordable so that when you're replacing the roof on your house, your accountant will be the one telling you, instead of paying $60,000 to replace your roof, pay $60 to $70 and don't have an electric bill anymore — and go get an electric car while you're at it. The company is just in its infancy at this point on where it's actually capable of going."
Wall Street analysts, on the other hand, tend to be more cynical when evaluating Elon Musk's grand vision for Tesla, Solar City, and all its interconnecting product lines. 
Jeffries analyst Phillippe Honchos said last month that while the vision of full ecosystem that Blankenship discusses is impressive, "scalability is still the main challenge."
Goldman Sachs, one of the most outspoken Tesla bears, said in a note Tuesday  that the Model 3 miss was merely the tip of the iceberg, and that shares could plunge another 40%.
Shares of Tesla  are up 61.1% this year. 
Markets Insider
NOW WATCH: RAY DALIO: You have to bet against the consensus and be right to be successful in the markets

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22 d ago Business Insider70,000 Puerto Ricans ordered to evacuate downstream of weakened dam that could burst at any time
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Thomson Reuters
SAN JUAN, Puerto Rico (Reuters) - A Puerto Rico dam damaged by heavy rains from Hurricane Maria was in danger of failing on Sunday, posing a risk to communities downstream, as people across the U.S. territory sought to dig out from the deadly storm.
Some 70,000 people who live downstream from the compromised Guajataca Dam in the northwest of the island were under orders to evacuate, with the structure in danger of bursting at any time.
Puerto Rico Governor Ricardo Rossello, after surveying damage to the cracked dam, reiterated his request on Saturday that people leave the area as soon as possible.
"The fissure has become a significant rupture," Rossello said at a news conference.
The dam, which is made of earth and surrounded by trees in a largely rural region of Puerto Rico, is 120 feet (37 meters) tall, according to a U.S. Army Corps of Engineers database.
The National Weather Service extended a flash flood watch for communities along the rain-swollen Guajataca River, downstream from the dam, until 14:00 local time on Sunday.
If the dam fails, the flooding would be life-threatening, the National Weather Service warned.
"Stay away or be swept away," it said.
REUTERS/Alvin Baez
Maria, the second major hurricane to savage the Caribbean this month and the most powerful storm to strike Puerto Rico in nearly a century, carved a path of destruction on Wednesday.
The storm killed at least 25 people, including at least 10 in Puerto Rico, as it churned across the Caribbean, according to officials and media reports.
It knocked out electricity, apart from emergency generators, on Puerto Rico, which has 3.4 million inhabitants.
Severe flooding, structural damage to homes and virtually no electric power were three of the most pressing problems facing Puerto Ricans, New York Governor Andrew Cuomo, whose state is home to millions of people of Puerto Rican descent, said during a tour of the island.
REUTERS/Carlos Garcia Rawlins
"We lost our house, it was completely flooded," said resident Carmen Gloria Lamb, a resident near the rain-swollen Guajataca. "We lost everything; cars, clothes, everything."
The Guajataca Dam was built in 1929 to serve as a supply of drinking water and for irrigation, according to a U.S. Geological Survey website.
Fuel shortages, water rationing
Signs of the strain on Puerto Ricans were evident throughout San Juan, the capital.
Drivers had to wait up to seven hours at the few filling stations open on Saturday, according to news reports. Hotels, meanwhile, warned that guests might have to leave soon without fresh supplies of diesel to keep generators operating.
Water rationing also began on Saturday. Signs posted throughout San Juan's Old Town informed residents that service would return for two hours a day between 1700 and 1900 local time until further notice.
Telephone service also was unreliable, with many of the island's cell towers damaged or destroyed.
Maria struck Puerto Rico as a Category 4 storm on the five-step Saffir-Simpson scale, dealing a savage blow to an island already facing the largest municipal debt crisis in U.S. history.
Alex Wroblewski/Getty Images
The storm caused an estimated $45 billion of damage and lost economic activity across the Caribbean, with at least $30 billion of that in Puerto Rico, said Chuck Watson, a disaster modeler at Enki Research in Savannah, Georgia.
Maria, which was hundreds of miles east of Florida over the Atlantic Ocean on Sunday, had eased slightly to a Category 2 storm but still sustained winds of up to 110 miles per hour (175 kmh). It was expected to weaken gradually as it moves north over the next two days.
Dangerous surf and rip currents driven by the storm were expected along the southeastern coast of the U.S. mainland for several days, the National Hurricane Center said.
Scattered showers were forecast for Puerto Rico on Sunday, said National Weather Service meteorologist Arlena Moses at the agency's Miami office.
Maria hit Puerto Rico about two weeks after Hurricane Irma, one of the most powerful Atlantic storms on record, killed more than 80 people in the Caribbean and the United States. The two storms followed Hurricane Harvey, which also killed more than 80 people when it struck Texas in late August and caused flooding in Houston.
NOW WATCH: Here's what happens when two hurricanes collide

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22 d ago BBC :: Hurricane Maria: Puerto Rico facing crisis
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The entire island is still without power and engineers say it could take months to be restored.
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22 d ago CNBC :: Fears of dam collapse add to Puerto Rico's misery after hurricane
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Puerto Rico's governor met mayors from around the ravaged island on Saturday after surveying damage to an earthen dam.
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22 d ago Business Insider :: Hurricane Maria deals Puerto Rico's fragile economy a new blow
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Thomson Reuters
PUERTO RICO/NEW YORK (Reuters) - Chan Lo is racing against the clock to save thousands of dollars of supplies at his sushi restaurant in San Juan's Condado beachfront community.
He has roughly $16,000-worth of perishable goods stored in his restaurant Nagoya Sushi & Tiki Bar — in jeopardy as the battered island waits for power and water to be re-established.
"I give it about three or four days maximum if the (power) doesn't come back on and there are no generators available," he said. "Everything will have to be thrown out."
Puerto Rico's economy was already fragile before Hurricane Maria barreled into the island, but the strongest storm to hit the U.S. territory of Puerto Rico in nearly 90 years could inflict heavy damage on the island's health.
Small businesses like Lo's will be a significant part of the recovery, as they account for 80 percent of all private sector workers, according to a New York Federal Reserve report. And getting energy to them, and to manufacturers and hotels and other engines of the economy will be crucial for the island's ability to bounce back.
After Maria made landfall midweek on the island of 3.4 million people as a major Category 4 hurricane, the storm's wind and water downed nearly all power and communications.
Governor Ricardo Rossello said the Puerto Rico Electric Power Authority's grid was so severely hit by the storm that it could be months before electricity is restored to all customers. Making matters worse, PREPA has been in bankruptcy since July.
Disaster modeler Enki Research estimates damage to the island at $30 billion, with $20 billion in direct physical damage and $10 billion in economic impact.
"Puerto Rico is in a precarious state," said Chuck Watson, a disaster modeler at Enki.
'A measurable impact'
Carlos Giusti/AP
Puerto Rico has none of the economic might of other places hit hard in this active hurricane season, like the states of Texas and Florida. The island has spent most of the last ten years in recession. Its GDP shrank by more than one percent for seven of the last 10 years through 2016, the poverty rate is over 40 percent and unemployment stands at 10 percent.
The chaos unleashed by the breakdown in basic services, a lack of cash and gas shortages has put many businesses into limbo, and the short-term effects are likely to be severe. Some Puerto Ricans are, however, already looking ahead to the economic boost that could be delivered by investment in the recovery.
The timeliness of U.S. Federal Emergency Management Agency (FEMA) funds will play into how quickly Puerto Rico gets back on its feet, said S&P Global Ratings analyst David Hitchcock.
Meanwhile, the hurricane has pushed back the island's bankruptcy process. Struggling under $72 billion in debt, Puerto Rico filed the biggest government bankruptcy in U.S. history earlier this year but that is now on the backburner, sources said on Thursday.
"This is an island that has been riddled with bad news," said Jonathan Mondillo, Alpine Woods Capital Investors LLC, which holds insured Puerto Rican bonds. "It's going to have a measurable impact on their economy locally."
Manufacturing heart
REUTERS/Carlos Garcia Rawlins
In the aftermath of the storm, businesses both big and small around the island were assessing the damage and putting contingency plans in place. Puerto Rico boasts investments from a number of U.S. multinationals, such as Wal-Mart, Amgen and Eli Lilly.
A spokesman for Honeywell International Inc, said the company's "folks on the ground are making sure everyone's accounted for and what their needs are ... we're still assessing the facilities."
Manufacturing is still the heart of Puerto Rico's economy and any blow to industry could have a significant impact. It makes up nearly 49 percent of the island’s GDP, according to a 2015 report from the Puerto Rico Manufacturers Association.
But the manufacturing sector is much diminished after the U.S. Congress decided to gradually phase out a 1976 tax credit program. That program ended in 2006, after which many companies left and the island had lost nearly half of its manufacturing jobs by 2014.
Hit to growing tourism
REUTERS/Carlos Garcia Rawlins
Just as concerning to the island is likely to be the impact Hurricane Maria has caused to tourism - which will be especially hard felt since it was one area of the economy that had been growing.
Travel and tourism had grown from 7.3 percent of GDP in 2014 to an estimated 8.4 percent in 2017 and was projected to rise to 10.7 percent by 2027, including direct and indirect spending, according to the World Travel & Tourism Council.
Hotels and resorts were struggling to stay open in the days after the hit. Reynaldo Rey, general manager of the AC Hotel San Juan, said businesses were facing a race against the clock if emergency power supplies and water ran out because generators would only keep hotels operating for a few days.
"Everything depends on when the supply lines are re-established," Rey said. "We risk a complete shutdown."
Raul Brito, 24, a security guard for the state tourism agency in the capital's upscale Condado neighborhood, said business was now in limbo at the worst time possible.
"Companies don't know if they are going to be able to start up again because they don't know yet if they will have the money," he said.
 
(Additional reporting in New York by Laila Kearney, Trevor Hunnicutt, Jenn Ablan, David Randall, Bill Berkrot, Caroline Humer, Richa Naidu and Nick Brown in Houston; Writing by Megan Davies; Editing by Mary Milliken)
NOW WATCH: Hurricane Irma is hammering Florida and headed to Georgia — here are the latest updates on the massive storm

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22 d ago Reuters :: Puerto Rico's fragile economy dealt new blow by Maria
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PUERTO RICO/NEW YORK (Reuters) - Chan Lo is racing against the clock to save thousands of dollars of supplies at his sushi restaurant in San Juan's Condado beachfront community.


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20 d ago The Rolling Stone :: The Political Travesty of Puerto Rico
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Puerto Rico has been devastated by Hurricane Maria. Most of the island is without electricity and communications, making many basic necessities of life difficult. Food, water, air cooling, medical care: it's all becoming increasingly harder to access. And it seems the situation there is going to get a lot worse before it gets better, with relief and aid efforts so far 
This article originally appeared on www.rollingstone.com: The Political Travesty of Puerto Rico

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