Tesla Motors posted a video on its Twitter Thursday of a charger resembling a “solid metal snake” that can automatically plug itself into an electric vehicle.
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It has long been a rollercoaster cycle for traders of Tesla because of the fact that going masses in 2010. With that, the company is cutting its production target for the current year and the next.
Tesla’s got a creepy new contraption that nonetheless serves a very useful goal – a robotic snake that automatically charges the Model S, without need for any human intervention. Elon Musk recently announced that Tesla Motors is considering raising more money from the market. Meanwhile, the company had only $1.15 billion cash by June 30, even though it had $2.67 billion past year. Now he’s given himself a deadline, promising that by the first quarter of 2016 Tesla will be making enough money to fund a jump from making one expensive, low volume vehicle to mass producing multiple models, and expanding a venture to manufacture electric power storage systems.
Manufacturing a auto includes having to pay for assembly line equipment, including metal dies and plastic molds, as well as testing to meet safety and emissions standards.
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Working on software upgrades that will enable the Tesla cars to basically act as their own valet, and drive itself out of the parking lot in front of you, ready to pick you up, Elon Musk works vigorously to reach his ideal world where human driving will ultimately become illegal. Tesla is planning to spend $1.5 billion in capital expenditure this year. The company could also sell more stock.
