Tesla to install canopies for a ‘solar test house’ at its Fremont factory

Tesla has plans for the installation of new tent-like canopies for a “solar test house” at its factory, according to a new building permit issued by the City of Fremont.

Per the description noted in the initial filing, Tesla is seeking “two canopy covers over solar test house” that measure approximately 60′ x 80′ & 60′ x 70′. The structures will be temporary and removed after two months.

While there’s no indication on the purpose for the canopies, CNBC indicates that the canopies are meant to conceal research and development on its solar test house from prying eyes, and protect the project from potential delays due to rains.

Seeing progress in the efforts of Tesla to install more Solarglass rooftops brings it another step closer to mass producing the third version of the solar roof tiles. Likewise, such developments can help Tesla capitalize on California’s new building requirements that require newly-built homes to have solar systems starting next year. The state is the first in the country to require solar panel installations on single-family homes and multi-family structures.

Tesla building permit for a solar test house canopy (Source: Fremont Development Service Center)

Based on the 2019 Building Energy Standards in California, the solar requirement increases the cost of building a new home by roughly $9,500 but has the potential to save homeowners about $19,000 in energy bills and maintenance costs over 30 years. The Energy Commission estimates that an average home will save around $80 on cooling, heating, and lighting bills.  Customers such as Amanda Tobler from the Bay Area echo the possibility that these numbers can be achieved. The Toblers had their Solar Roof tiles installed in March 2018 and enjoys more than enough power for their house and two plug-in vehicles as a result.

Tesla also recently posted job openings that aim to beef up its installation teams in California, Florida, Nevada, and Texas. The company looks to hire licensed electricians, Solarglass roofers, installers to join its operations who will most likely not install just its solar tiles but also help to put up Powerwalls and regular solar panels.

As the energy company installs more Solarglass rooftops, it will also create more jobs to fill the needs of its facility in Buffalo, New York and possibly save the company $41.2 million in penalties. Tesla promised to produce its solar panels in the said facility, which used $750 million in taxpayers’ money and the deal requires it to generate around 1,500 jobs by April next year.

Tesla CEO Elon Musk says he sees the company’s energy business to grow as big as its electric vehicle business. In Q3, Tesla deployed 43MW of solar or 48 percent more compared to the previous quarter.

“…the really crazy growth for as far into the future as I can imagine. … It would be difficult to overstate the degree to which Tesla Energy is going to be a major part of Tesla’s activity in the future,” he said during with Wall Street analysts.

Tesla started accepting orders for its V3 Solar Roof in October and Musk revealed that it plans to eventually install 1,000 solar roofs a week.  Interested homeowners who want a Solarglass rooftop can use the company’s online configurator to estimate the costs. The estimated pricing for a 2,000 sq. ft. roof with 10kW solar is $33,950 after a federal tax credit of $8,550.

As of 2018, there are only 15 to 20 percent of California single-family houses with solar panels installed according to the estimates of the California Building Industry Association.

Tesla to install canopies for a ‘solar test house’ at its Fremont factory

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Tesla (TSLA) stock up 99% since June as short sellers race to cover

Tesla shares (NASDAQ:TSLA) breached the $370 mark after the opening bell on Monday, allowing the company to practically double its value from its lows in June, when the electric car maker traded as low as $179 per share.  Tesla has gone up over 99% between June and December, a significant victory for one of the most shorted companies in the market. 

The upwards movement of TSLA stock in recent weeks comes amidst a decline in short interest, as per data from NASDAQ. While there exists a large number of vocal TSLAQ members online who continue to bet against the company, it appears that more and more short-sellers are starting to cover their positions. As of last Wednesday alone, Tesla shorts were already down $1.22 billion in 2019 mark-to-market losses. 

Tesla stock is seeing some momentum this week, following positive reports from China indicating that the country is suspending tariffs on automobiles and car parts coming in from the United States. Tesla’s higher-specced vehicles such as the Model 3 Performance and the Dual Motor AWD version will be benefiting from these tariff suspensions. 

Apart from this, Tesla appears to be making headway in its efforts to start delivering the Made-in-China Model 3 to local reservation holders. Over the past weeks, drone flyovers of the Gigafactory 3 complex have hinted at ongoing Model 3 mass production. Images and videos taken recently have also shown car carrier trucks transporting the locally-made Model 3 to China’s delivery centers. 

It’s not just Tesla China that is making some headway either. Over in Europe, preparations for Gigafactory 4’s construction are underway. Since Elon Musk announced that GF4 will be built in Germany, officials and regulators have spoken positively about the upcoming project. Recent updates have also pointed to Gigafactory 4 breaking ground even before its full approvals are secured. 

The year has not been easy for Tesla. Over the course of 2019, TSLA stock dipped to two-year lows, and it reached a point where even moderate bulls such as Adam Jonas of Morgan Stanley released a $10 per share “worst case” price target on the company. Yet, despite shorts smelling blood in the water, Tesla was able to turn its fortunes around following the release of its third-quarter earnings report, which saw the company turn a surprise profit. Tesla stock has exhibited strength since then, practically doubling its value back in June as of Monday’s early trading. 

What is rather interesting is the fact that this rise may not even be Elon Musk’s once-predicted “short burn of the century” yet. Tesla is yet to show its fourth-quarter results, and while the company has some momentum, there is a very good chance of more upside if the electric car maker actually meets its production and delivery goals for 2019. Either way, the next few weeks will likely be historic for Tesla. 

As of writing, TSLA stock is trading +5.13% at $376.79 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) stock up 99% since June as short sellers race to cover

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Watch Tesla Smart Summon react to a runaway “shopping cart” in latest obstacle test

Tesla Model 3 owner and electric car enthusiast Kevin Rooke performed an experiment with Smart Summon, showcasing its ability to react to moving obstacles in a simulated runaway shopping cart test.

Rooke performed a separate Smart Summon test in mid-November, where he put the software through its paces with an intense trap that would summon the vehicle into a river.

While Rooke noted his first test as helpful in terms of teaching him how well the Summon software works, he wanted to take it a step further. “I went back for another round of testing, I brought a bunch more objects with me, but this time, I had a twist,” Rooke said. “I wanted to see how a Tesla might react when the objects presented in front of it, all these obstacles, were moving.”

In the latest test, Rooke built a makeshift shopping cart with a skateboard on top of a laundry basket. Rooke used Summon’s “GO TO TARGET” button to have his Model 3 move in a straight line. While it was moving, he pushed the shopping cart in front of the vehicle. His Model 3 successfully recognized the approaching obstacle as it came closer to the driver’s side front quarter panel. In a second test of the shopping cart, the Model 3 once again successfully avoided the obstacle. It is safe to say that if this were a real shopping cart in a grocery store parking lot, colliding with it would do some cosmetic damage to the car’s exterior. Summon’s ability to avoid this object is beneficial for Tesla owners as it could save money in the event of a freely-rolling shopping cart.

The next test was a series of long, cylindrical balloons that resembled a tree branch. Rooke attached these to a string and stood far away from the car. As the Summon operated Model 3 recognized these balloons, it stopped with plenty of room to spare.

The more interesting tests were with basketballs and soccer balls. “We are going to do two tests, a bounce test…and then we’re just going to do a rolling test afterward to see what the sensors pick up,” Rooke said. The car did not recognize the basketball on the first bouncing test, but did see it on the second attempt. While the car made contact with the basketball, it did successfully stop immediately afterward.

The rolling test of the basketball proved to be where Summon is in need of improvement. The vehicle’s sensors did not recognize the ball, ran over it, and popped it. Rooke subsequently tested other balls of smaller dimensions, but they yielded the same results.

Impressed by the performance of Summon when confronted with the shopping cart, Rooke shared some thoughts at the end of the video. “Smart Summon will stop for large obstacles that are moving even if they happen to come from the side of the car,” Rooke said. “If there is a rogue shopping cart in a mall parking lot, you do not want your car driving into it. You want your car to stop. That was the correct decision.” When talking about the basketball test however, Rooke certainly feels that a ball of that size should be recognized by the vehicle’s sensors, and it is evident Tesla could use some improvement in this category. “Imagine a toddler crawling behind a car or a small animal crossing in front of the path of the car. Those are things that you want the car to stop for and recognize,” he added.

Noting that the previous test did display that it recognized small pylons, it is not correct to assume the car’s sensors do not recognize them at all. It is more reasonable to assume that the feature just needs to be improved upon. Judging on Tesla’s frequent software updates, the company will likely confront these concerns and do what it can to fix them.

You can watch Kevin Rooke’s second Smart Summon test below.

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Watch Tesla Smart Summon react to a runaway “shopping cart” in latest obstacle test

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