Tesla’s (NASDAQ:TSLA) CEO Pivots from EVs to Batteries for Puerto Rico
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.
“Let’s talk,” said Gov. Ricardo Rossello in a Friday Tweet.
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)|
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