Panasonic Stake Adds Promise to Tesla

Tesla Motors has announced that Panasonic bought a $30 million stake in the company. The stake gives Tesla promising access to new battery technology–crucial for reducing electric vehicle costs–as well as another prominent backer (current investors include Daimler and Toyota). Bloomberg BusinessWeek reports:

The investment expands on a battery collaboration the companies announced this year, Tesla said in statement.

The move is “a powerful endorsement of our technology,” Elon Musk, Tesla’s chief executive officer, said in the statement. “We believe our partnership with them will enable us to further improve our battery pack while reducing cost.”

Tesla, maker of the $109,000 electric Roadster sports car, has a set a goal of becoming the auto industry’s leader in battery-powered cars, aided by supply agreements with Toyota and Daimler. The Palo Alto, California-based company is revamping a former Toyota joint-venture factory in the state that is to begin making its $57,400 Model S in 2012.

Panasonic and Tesla in January agreed to jointly develop next-generation lithium-ion batteries for electric cars.

The faster Tesla can optimize its battery and electric powertrain technology, the faster it can sell both affordable, mainstream EVs and scale up component sales to partners. No wonder Tesla’s stock jumped 10% after the Panasonic announcement hit the media waves.

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  • THE

    The topic of the payment of Unemployment Insurance to unemployed people has several differing opinions, and some people say that it is a Human Right.

    The Leaders of countries have voluntarily taken on themselves the Responsibility to provide jobs for everyone who is physically and psychologically capable of working.

    If they fail to fulfil their Responsibility to Create Full Employment, then the unemployed are innocent people in this entire arrangement.

    In my opinion, it is the responsibility of the Government to pay Unemployment Benefits, even if it is reduced to 50% of the payment after three continues years or longer of claiming Unemployment Benefits.

    It is the Responsibility, in what in claimed to be a Democracy for the Voters to have voted for the correct Candidates who would create Full Employment.

    As a society, it is the Responsibility to ensure that everyone has a least a minimum where they do Not have to commit crime just to survive.

    It is the Responsibility of the Main Stream Media, in what passes as a Democracy to be unbiased and scrutinize both Political Parties equally.

    The cost of paying Unemployment Benefits is less than what it costs taxpayers on crime and insurance premiums, and so it is viable on economic grounds alone.

    I mentioned for the sake of those who could Not understand the Humanitarian aspect of assisting unemployed workers.

    Unemployment Benefits are mostly all spent by the receiver, and that stimulates small businesses, and small businesses stimulate large businesses.

    This creates jobs; increases the amount of revenue the Government collects, reduces Government spending; and that reduces the Budget Deficit.

    A good way for a Government to ensure that everyone has an income is to divide the Budget Legislation into two categories.

    The first category is to ensure that the Senate passes Social Security payments including Unemployment Benefits for all as the first part of the Budget Legislation.

    At least one day after that has been passed and secured by all concerned, then the rest of the Budget whatever it is, should be debated and voted on.

    We know that the Republicans said that they allow an extension of Unemployment Benefits, but it has to be paid by reductions in other Federal Spending.

    The Republicans now control the Congress, and they could allow the Unemployment Extension Bill to Pass Immediately, even if the Democrats do Not pay for it by reducing Government Spending.

    I am from one of the English Speaking countries in the Southern Hemisphere, and so I am a novice when it comes to the American Constitution, and America’s System of Government.

    I am assuming that Congress has power over the next Federal Budget, and that means that the Republicans can get that money back with interest from the next Federal Budget if the Democrats do Not wish to pay for the Employment Extension they the Republicans has suggested.

    What this means is that both Political Parties are without Excuse for Not allowing an Extension of Unemployment Insurance for Unemployed Workers.