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Elon Musk Relaunches Tesla Solar Panel Business

In June, Musk tweeted that he hoped to manufacture about 1,000 solar rooftops a week by the end of 2019

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Multi-billionaire tech mogul Elon Musk has relaunched Tesla’s solar panel services, claiming that it could save a user about $500 a year.

Musk took to Twitter on Sunday to ask followers what they thought about the relaunch.

“Lmk what you think,” wrote the entrepreneur with a link to the new website.

Besides California, solar panel rentals would be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico, Engadget reported on Sunday.

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

According to Tesla’s website, one can rent solar power panels or solar roofs for as little as $50 a month and that cost included panel installation, hardware, and ongoing maintenance.

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Musk said consumers could cancel anytime, although according to the Tesla website, there was a $1,500 charge to remove panels and restore the roof to its previous condition.

In June, Musk tweeted that he hoped to manufacture about 1,000 solar rooftops a week by the end of 2019. (IANS)

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SpaceX Run By Elon Musk Aims To Raise $250mn in New Funding For Hitting $36bn Valuation

SpaceX is preparing its Crew Dragon spacecraft to fly NASA astronauts Doug Hurley and Bob Behnken to and from the space station in the first flight. The uncrewed Demo-1 mission flew in March last year

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SpaceX
The fundraising comes as SpaceX continues development on three important programmes: Crew Dragon, Starlink and Starship, reports CNBC. Wikimedia Commons

Elon Musk-run SpaceX is aiming to raise around $250 million in new funding that would bring the rocket launch company’s valuation to $36 billion.

The fundraising comes as SpaceX continues development on three important programmes: Crew Dragon, Starlink and Starship, reports CNBC.

The company raised $1.33 billion during 2019 and has raised more than $3 billion in funding to date.

The new round of funding could close sometime in the middle of next month.

SpaceX has received a $3.1 billion contract award as part of NASA commercial crew programme. It charges its customers nearly $60 million per launch of one of its Falcon 9 rockets and had 13 such launches in 2019.

Ahead of its launch of astronauts to the International Space Station (ISS) aboard its Crew Dragon capsule which is tentatively scheduled for May 7, SpaceX has hired a top former human spaceflight expert.

In his new role, William Gerstenmaier, the former leader of NASA’s human spaceflight programme, is reporting to SpaceX Vice President of mission assurance Hans Koenigsmann.

Elon Musk
Elon Musk-run SpaceX is aiming to raise around $250 million in new funding that would bring the rocket launch company’s valuation to $36 billion. Wikimedia Commons

SpaceX is preparing its Crew Dragon spacecraft to fly NASA astronauts Doug Hurley and Bob Behnken to and from the space station in the first flight. The uncrewed Demo-1 mission flew in March last year.

“We’re highly confident that the hardware will be ready in Q1, most likely at the end of February but no later than March. And we think it appears probable that the first crewed launch would occur in the second quarter,” said Musk after the successful uncrewed test of its Crew Dragon capsule’s in-flight launch escape capabilities last month.

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Musk said that if all goes well, the first crewed flight on the Crew Dragon could take place in the second quarter of this year. (IANS)