Tesla Batteries Already ‘Sold Out’ Through Mid-2016

Tesla Batteries Already ‘Sold Out’ Through Mid-2016

During Tesla Motors' Q1 conference call on Wednesday, there was still plenty of excitement over the company's recent announcement of its new suite of rechargeable batteries. CEO Elon Musk stated that response to the battery announcement has been "crazy off the hook," with 38,000 reservations for the Powerwall and 2,500 reservations for the higher-capacity Powerpack.

Elon Musk Unveils Tesla Energy

On Thursday night, Tesla announced its much anticipated suite of new rechargeable batteries under the name Tesla Energy, confirming the company's expansion into energy storage.

10 Top Cobalt-producing Countries

Here's a look at the 10 countries that produced the highest amounts of cobalt during 2014, based on figures from the US Geological Survey.

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Company News

Formation Metals Files PEA for Idaho Cobalt Project on SEDAR

Formation Metals Files PEA for Idaho Cobalt Project on SEDAR

Formation Metals Inc. (TSX:FCO) reported the filing on SEDAR of its technical report containing results of its Preliminary Economic Assessment for the Idaho Cobalt Project in Lemhi County, Idaho. Together with the SEDAR filing, Formation Metals has also commissioned metallurgical test work in January 2015.

Global Cobalt Announces Financing

Global Cobalt Announces Financing

Global Cobalt Corp. (TSXV:GCO) announced a non-brokered private placement or up to CAD $250,000, consisting of up to 5,000,000 units at $0.05 per Unit. Each Unit will be made up of one common share of Global Cobalt and one common share purchase warrant that entitles the holder to acquire an additional common share for 24 months after the closing date. at $0.07 per Warrant Share.

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Benchmark Mineral Intelligence on the Scale of Tesla’s Gigafactory

The latest update from Simon Moores of Benchmark Mineral Intelligence took a look at satellite images of Nevada that give an idea of the scale of Tesla Motors' (NASDAQ:TSLA) new gigafactory near Reno. The company is currently building phase 1 of its plant, and at just 20 percent of the overall size of the finished plant, phase 1 will be the largest lithium-ion battery plant in the world.

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

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