When Mangesh Gururaj’s wife left home to pick up their child from math lessons one Sunday this month, she turned on her Tesla Model S and hit “Summon,” a self-parking feature that the electric automaker has promoted as a central step toward driverless cars.
Oil rallied on worries U.S. sanctions on Iran will hurt global oil supplies, and gasoline rose as a series of hurricanes and storms headed toward the U.S. or Gulf of Mexico.
The moment of electric car lift-off has arrived with the Model 3 obliterating all previous marks by leaps and bounds. August will be one to remember, that’s for sure. And it’s not just Model 3 sales that took off for Tesla.
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
“Black gold” has gotten a boost, as OPEC has had limited supply for the better part of two years, and Saudi Arabia has taken the brunt of those cuts to support the Saudi Aramco IPO.
How far and how long gasoline prices will fall, of course, depend on crude prices, which have rallied this week as supplies appear to tighten.
Martin Tripp is tweeting internal emails, photos and vehicle identification numbers that he says are evidence of flawed manufacturing practices at Tesla’s battery factory, and of product sold by Tesla that is imperfect, and could put drivers’ lives at risk.
Elon Musk has always hated the fossil-fuel industry. His stated mission for Tesla Inc. is to hasten its demise, and more than once he’s blamed the “unrelenting and enormous” power of oil interests for sabotaging his efforts.