Forbes: Tesla Sues Oil Industry Exec It Says Pretended to Be Elon Musk to Gain Secrets
As if figuring out what caused a SpaceX rocket to explode, pulling off a merger with SolarCity and raising funds to complete a host of ambitious Tesla Motors projects weren’t enough, Elon Musk appears to have yet another matter to resolve.
Tesla is suing an executive of an oil pipeline services company, claiming that he tried to impersonate Musk in an email message. His goal, the company claims, was to gain non-public financial information from the electric-car maker after its most recent earnings announcement.
The complaint was filed in the Superior Court of Santa Clara County against Todd Katz, identified in the suit as chief financial officer for Quest Integrity Group, a Seattle-based company that provides services for oil and gas companies including BP, Chevron and ExxonMobil. The suit seeks unspecified financial compensation for the alleged actions.
New York Times: Hinkley Point Nuclear Plant Will Go Ahead, Britain Says
The British government announced on Thursday that it would push ahead with a contentious deal to build a nuclear power station financed in part with French and Chinese investment, but only after making changes intended to address security concerns.
Britain, which angered its international partners by postponing a final decision on the $24 billion Hinkley Point C project in July, said in a statement that the government would take a “special share” in any nuclear projects built in the future.
Although the statement made no reference to China, it almost certainly had the Beijing leadership in mind when it noted that the changes would ensure that “significant stakes cannot be sold without the government’s knowledge or consent.”
Washington Post: For Some Safety Experts, Uber’s Self-Driving Taxi Test Isn’t Something to Hail
Uber’s decision to bring self-driving taxis to the streets of Pittsburgh this week is raising alarms among a swath of safety experts who say that the technology is not nearly ready for prime time.
The unprecedented experiment will launch even though Pennsylvania has yet to pass basic laws that permit the testing of self-driving cars or rules that would govern what would happen in a crash. Uber is also not required to pass along any data from its vehicles to regulators.
Meanwhile, researchers note, autonomous cars have been thrown off by bridges, a particular problem in Pittsburgh, which has more bridges than any other major U.S. city.
Smart Energy Decisions: GM Commits to 100% Renewable Energy by 2050
Having just surpassed its 2020 goal of using 125 MW of renewable energy in its U.S. operations, General Motors Co. announced a bold new one.
The Detroit-based auto manufacturer on Sept. 14 pledged to generate or source all electrical power for its 350 operations in 59 countries with 100% renewable energy -- such as wind, sun and landfill gas -- by 2050. In making the announcement, GM joined 69 other companies worldwide that have joined the RE100 initiative, which is led by international nonprofit The Climate Group in partnership with CDP.
The Motley Fool: Why SunPower Corporation's Shares Plunged 32% Last Month
Shares ofsolarmanufacturer SunPower Corporation fell 31.7% in August, according to data provided by S&P Global Market Intelligence, after the company reported guidance that severely underwhelmed investors.
Second-quarter results weren't bad, but full-year guidance was what investors had their eye on. GAAP net income guidance was reduced from a range of breakeven to a profit of $50 million, down to a range of losing $175 million to $125 million. And EBITDA guidance was reduced by $175 million to a range of $275 million to $325 million.
What really concerned investors was early guidance for 2017 of a loss of $100 million to $200 million. There's been fear that 2017 would be slow because utilities aren't feeling much urgency to build solar systems now that the solar Investment Tax Credit has been extended. SunPower said the utility market would be slow as a result, and that couldn't be offset by strength in residential and commercial markets.