Tesla closes deal with Panasonic to start manufacturing solar products in Buffalo, NY - Polidicks

[QUOTE]Tesla and Panasonic have finalized an agreement this week to begin the manufacturing of photovoltaic (PV) cells and modules at the Buffalo, NY factory. These high-efficiency PV cells and modules will be used to produce solar panels in the non-solar roof products. When production of the solar roof begins, Tesla will also incorporate Panasonic's cells into the many kinds of solar glass tile roofs that Tesla will be manufacturing. All of these solar products will work seamlessly with Tesla’s energy storage products, Powerwall and Powerpack. Production of the first PV modules will begin in summer 2017, and will ramp to 1 Gigawatt of module production by 2019. As Tesla and Panasonic begin production, Buffalo will continue to expand Tesla’s American manufacturing base and create thousands of new jobs in the coming years. Tesla reaffirms SolarCity’s commitment [B]to create over 1,400 jobs in Buffalo—including more than 500 manufacturing jobs[/B]. Panasonic, with its technological and manufacturing expertise in PV production, will also work with Tesla on developing PV next generation technology at SolarCity’s facility in Fremont, CA. As part of the agreement, Panasonic will cover required capital costs in Buffalo and Tesla is making a long-term purchase commitment from Panasonic. The collaboration extends the established relationship between Tesla and Panasonic, which includes the production of electric vehicle and grid storage battery cells at the Tesla Gigafactory. [/QUOTE] [url]https://www.tesla.com/en_GB/blog/tesla-and-panasonic-will-begin-manufacturing-solar-cells-modules-in-buffalo-ny?redirect=no[/url] It's the whole press release since it's short.

elon musk best deal maker.

Better than Trump deal making skill.

the title made me think that they were cancelling a deal

Proud to have been born in Buffalo.

[QUOTE=JoeSkylynx;51589027]Proud to have been born in Buffalo.[/QUOTE] Why? You have nothing to do with this.

[QUOTE=Anti Christ;51589036]Why? You have nothing to do with this.[/QUOTE] Well the state is paying for the factory so if he paid taxes and didn't oppose it then every taxpayer helped in a small way.

Good thing the GOP is still hard at work trying to discredit solar energy and Elon himself. I like to think it's too late for them, and that people like Elon will keep advancing us regardless of Trump's presidency.

[QUOTE=JoeSkylynx;51589027]Proud to have been born in Buffalo.[/QUOTE] Buffalo is a pretty shitty and depressing looking city that and the roads are fucking insane and terrible to drive in

This is good, they are paying to help people go to school to be manufacturers also.

Watch as Trump takes credit for it somehow like he did with Ford deciding to not move Lincoln production from Kentucky to Mexico. "Just got off the phone with my good friend and great businessman, Elon Musk. He has agreed with Panasonic to keep jobs in New York State and not produce in Mexico to Make America Great Again."

[QUOTE=LtKyle2;51589675]Watch as Trump takes credit for it somehow like he did with Ford deciding to not move Lincoln production from Kentucky to Mexico. "Just got off the phone with my good friend and great businessman, Elon Musk. He has agreed with Panasonic to keep jobs in New York State and not produce in Mexico to Make America Great Again."[/QUOTE] Trump has absolutely nothing to do with this. Stop making everything political.

[QUOTE=Bazsil;51589677]Trump has absolutely nothing to do with this. Stop making everything political.[/QUOTE] The joke is that trump takes credit for something he had nothing to do with in hypothetical scenario and you didn't get it

[QUOTE=Mr. Someguy;51589458]Good thing the GOP is still hard at work trying to discredit solar energy and Elon himself. I like to think it's too late for them, and that people like Elon will keep advancing us regardless of Trump's presidency.[/QUOTE] I just can't wait for the GOP to start harping on about how solar panels are worse than oil but that doesn't mean oil is bad so let's just keep using oil.

Holy shit Buffalo is actually manufacturing important stuff again? Western New Yorkers rejoice. [editline]27th December 2016[/editline] [QUOTE=J!NX;51589543]Buffalo is a pretty shitty and depressing looking city that and the roads are fucking insane and terrible to drive in[/QUOTE] Hey its on the upswing the last 5 or so years, things are looking up finally. Also the roads are not nearly as bad as cities like Boston let's be real here.

[QUOTE=J!NX;51589543]Buffalo is a pretty shitty and depressing looking city that and the roads are fucking insane and terrible to drive in[/QUOTE] And people actually think all the real estate and the useless new Bills stadium will actually clean it up. Glad this is bringing jobs to my home city, though. Now THIS could actually help Buffalo.

[QUOTE=Chaitin;51588948]Better than Trump deal making skill.[/QUOTE] He should run in 2020 then maybe Its pretty impressive how hes created whole new industries that are innovative and green at the same time

[QUOTE=Saxon;51589958]He should run in 2020 then maybe Its pretty impressive how hes created whole new industries that are innovative and green at the same time[/QUOTE] He's only a naturalised citizen, so he's not eligible for presidency/vice-presidency. But he can run to be Prime Minster of Canada[sp] please do [/sp], or governor of California which he'd have a good chance at winning I think. But I honestly don't think he's really into being in politics and all the bureaucracy it entails.

[QUOTE=Saxon;51589958]He should run in 2020 then maybe Its pretty impressive how hes created whole new industries that are innovative and green at the same time[/QUOTE] He'd probably be better off going for a smaller position in government before going all in on the presidency imo

why can't the government act in a manner similar to elon musk? or why hasn't there been a dictator like elon. efficiency and innovation above all else

[QUOTE=Mr. Someguy;51589458]Good thing the GOP is still hard at work trying to discredit solar energy and Elon himself. I like to think it's too late for them, and that people like Elon will keep advancing us regardless of Trump's presidency.[/QUOTE] Who is trying to discredit solar? Every GOP person I've heard says that solar is great, but that the state shouldn't be paying for it.

[QUOTE=sgman91;51590137]Who is trying to discredit solar? Every GOP person I've heard says that solar is great, but that the state shouldn't be paying for it.[/QUOTE] Some fringe groups have shown up and are trying to ramp up a smear campaign that has gained little traction, but theirs talk of some of Trumps cabinet advisors that want to go after subsidies that benefit his businesses. [editline]27th December 2016[/editline] [QUOTE=Sumap;51590052]He's only a naturalised citizen, so he's not eligible for presidency/vice-presidency. But he can run to be Prime Minster of Canada[sp] please do [/sp], or governor of California which he'd have a good chance at winning I think. But I honestly don't think he's really into being in politics and all the bureaucracy it entails.[/QUOTE] I forgot, Elon seems too good of a guy to go into politics anyway

[QUOTE=Saxon;51590205]Some fringe groups have shown up and are trying to ramp up a smear campaign that has gained little traction, but theirs talk of some of Trumps cabinet advisors that want to go after subsidies that benefit his businesses.[/QUOTE] Probably because his entire business model has been to milk the state to fund his endeavors. I doubt it's because of solar. Tesla, Solar City, etc. only exist because of taxpayer funded subsidies. It's an indisputable fact. (Note that I'm just stating the fact, not making a claim about whether it was good or bad.)

[QUOTE=sgman91;51590213]Probably because his entire business model has been to milk the state to fund his endeavors. I doubt it's because of solar. Tesla, Solar City, etc. only exist because of taxpayer funded subsidies. It's an indisputable fact. (Note that I'm just stating the fact, not making a claim about whether it was good or bad.)[/QUOTE] Its funny how we don't hear about oil subsidies then, I could of sworn it was a move by big oil to hurt Tesla somehow

kind of ironic that youre producing solar in an area that sees the sun for maybe 3 months out of the year but hey, buffalo needs these jobs and i wish him and tesla the best of luck

Good for them. I have some relatives who live in rural New York.

[QUOTE=Saxon;51590222]Its funny how we don't hear about oil subsidies then, I could of sworn it was a move by big oil to hurt Tesla somehow[/QUOTE] 2 points: 1) The amount of subsidies received by oil is laughably small compared to that given to solar when you take into account the amount of energy actually produced from said sources. Oil received ~$0.64/Megawatt hour of energy produced ([url]http://www.wsj.com/articles/SB10001424053111903285704576559103573673300[/url]) Solar received ~$774.64/Megawatt hour of energy produced ([url]http://www.wsj.com/articles/SB10001424053111903285704576559103573673300[/url]) Solar and wind are a net drain on federal funds while oil companies pay FAR more in taxes than they receive in subsidies. 2) With that said, those who are most against subsidized solar are also against those for oil and plenty of liberals are for fossil fuel subsidies (like the Low Income Home Energy Assistance Program, one of the largest fossil fuel subsidies in the country) You should also be aware that the single largest "subsidy" received by oil companies is a manufacturing tax credit that all companies who produce in the US receive. To speak about it as an "oil subsidy" is disingenuous at best, yet that's what most on the left seem to do ([url]http://www.forbes.com/sites/energysource/2012/04/25/the-surprising-reason-that-oil-subsidies-persist-even-liberals-love-them/#2f29b5b61e86[/url])

[QUOTE=sgman91;51590213]Probably because his entire business model has been to milk the state to fund his endeavors. I doubt it's because of solar. Tesla, Solar City, etc. only exist because of taxpayer funded subsidies. It's an indisputable fact. (Note that I'm just stating the fact, not making a claim about whether it was good or bad.)[/QUOTE] Subsidies certainly help them out, especially early on but they aren't a requirement anymore for Tesla to survive. They aren't nearly as big as some media outlets make out either. The federal tax incentive will probably expire next year for Tesla as well since they will have built too many cars.

[QUOTE=Morgen;51590330]Subsidies certainly help them out, especially early on but they aren't a requirement anymore for Tesla to survive. They aren't nearly as big as some media outlets make out either. The federal tax incentive will probably expire next year for Tesla as well since they will have built too many cars.[/QUOTE] Tesla built itself on the back of multiple layers of subsidy: - They received a rediculously good loan as initial investment from the US government that no private entity would have ever accepted. Basically, the government took all the risk with no gain. - Every buyer of a Tesla received thousands of dollars, sometimes over $15,000 in federal and state direct rebates. - Tesla made the entirety of it's profit off the back of selling carbon tax credit to other car companies for many years. [editline]27th December 2016[/editline] Solarcity depends on subsidy to an even greater degree.

[QUOTE=sgman91;51590349]Tesla built itself on the back of multiple layers of subsidy: - They received a rediculously good loan as initial investment from the US government that no private entity would have ever accepted. Basically, the government took all the risk with no gain. - Every buyer of a Tesla received thousands of dollars, sometimes over $15,000 in federal and state direct [B]rebates[/B]. - Tesla made the entirety of it's profit off the back of selling carbon tax credit to other car companies for many years. [editline]27th December 2016[/editline] Solarcity depends on subsidy to an even greater degree.[/QUOTE] They got a loan from the government yes but they paid it back 9 years early, with interest. The US taxpayers made millions off of this loan. The $7,500 federal [B]tax[/B] credit is for any plug in vehicle. Tesla get this but so does the Chevy Volt, any other BEV, FCEV, or PHEV. It's also capped at 200,000 vehicles per manufacturer, which Tesla will almost certainly hit next year. Of course you actually have to make enough to make use of this tax incentive. State incentives depend entirely on your state, ranging from nothing to rebates. There's no federal rebates. ZEV credits are a small part of Tesla's income, generally less than $100M per quarter, with the exception of last quarter with them at $138M, compared to $2.15B @ 29.4% margin from the cars. They are also much more valuable to a company that also produces ICEs rather than a company that just produces EVs and sells the credits due to how the system is setup. Solar is fairly dependant on incentives because it's effectively using the grid as a battery for the home owner. The Powerwall fixes that though.