Tesla’s (NASDAQ:TSLA) CEO Pivots from EVs to Batteries for Puerto Rico

Tesla’s (NASDAQ:TSLA) CEO Pivots from EVs to Batteries for Puerto Rico

Tesla’s (NASDAQ:TSLA) CEO Pivots from EVs to Batteries for Puerto Rico

$TSLA

Tesla (NASDAQ:TSLA) CEO Elon Musk set off Friday’s musings about sending his company’s solar-powered batteries to help restore Puerto Rico’s power attracted the attention of the island’s governor.

Mr. Musk agreed.

Hours later, he announced he was delaying the unveiling of Tesla’s new semi-truck and diverting resources, in part to “increase battery production for Puerto Rico and other affected areas.”

The Puerto Rican energy authority reported Saturday that about 88% of the island is still without power. The Federal Communications Commission (FCC) said Saturday that 82% of cell sites remain out in Puerto Rico; 58% are out of service in the US Virgin Islands.

The FCC’s daily status report also shows significant wire-line, TV and radio outages remain in both US territories. The agency formed a task force this week and approved an advance of $77-M to support carriers working to restore telecommunications services.

Like most of hypemeister’s Musk’s offerings, this one too is vague and aspirational at best, an a diversion from the reality of his undertakings.

Even he ‘rolls his eyes’ in private.

HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Neutral (0.17) Neutral (0.13) Neutral (0.23) Neutral (0.15)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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