The latest episode of the Experts Only podcast from CleanCapital is an interesting chat with Nancy Pfund, a veteran investor in clean energy companies.
The big picture: The interview ranges from her background in the industry to opportunities for applying advanced grid technologies in Africa.
Although Hurricane Lane has weakened to a tropical storm, it’s moisture is dumping on Hawaii — as warned. 44 inches and counting have flooded the entirety of the Big Island, and a flood warning has been issued for Maui too.
The big picture: Historically, water is a top hurricane killer. And while Hurricane Lane is virtually diminished as an organized tropical cyclone, its torrential rains are tormenting the islands.
On Friday night Elon Musk abandoned his plan take Tesla private, but the CEO and the Silicon Valley electric automaker will be dealing with aftershocks for a while.
Quick take: Axios' Steve LeVine explains that one nagging question is whether Musk was ever really serious, or whether he was impulsively trolling the shorts but then had to put on this theater because of the fallout.
Tesla's brief flirtation with a plan to go private, announced by founder Elon Musk in a tweet earlier this month, is over, at least for now. "I met with Tesla’s Board of Directors yesterday and let them know that I believe the better path is for Tesla to remain public," Musk wrote in a statement posted Friday night. "The Board indicated that they agree."
Why it matters: Tesla, which makes electric cars, is an iconic company on the road to greener transportation — and a bellwether for whether Silicon Valley's startup ideology can transform other industries. More than Musk's personal vindication hangs on its fate.
Editor's note:We have finished live updates for Friday, August 24, and our coverage will resume on Saturday. Scroll down for the most recent updates.
Hurricane Lane is drifting towards what may be Maui and Oahu's closest encounter with a significant hurricane since statehood in 1959. The storm remains a Category 3 hurricane on the Saffir-Simpson Scale, and is causing "catastrophic" flooding on the Big Island, where more than 30 inches of rain have already fallen.
The big picture: The storm is creeping northward at just 5 miles per hour, prolonging the wind and flooding threats for the Hawaiian Islands. And even though the storm is just 24 hours away from its closest pass with Maui and Oahu, where Honolulu could see hurricane force winds for hours on end, the exact track is still murky.
