Tesla released its Q2 deliveries report on Tuesday, but the company's net income and cash flow results are yet to be announced.
By the numbers: Tesla produced 87,048 vehicles and delivered 95,200 vehicles in Q2. The company identifies these numbers as new records and says they are entering Q3 with an increase in their order backlog.
Lucid Motors, the luxury EV startup with Saudi backing, has brought on a former high-level Tesla executive as it prepares to launch production at an Arizona plant next year.
Driving the news: California-based Lucid said Monday that Peter Hochholdinger has joined the company as VP of manufacturing. He will oversee both manufacturing production and engineering.
A new study finds that existing energy infrastructure — notably via power plants — is slated to produce enough carbon emissions over its lifetime to send global temperatures more than 1.5°C above preindustrial levels.
Why it matters: A major scientific report last year showed that warming will have far more severe consequences if temperature increases are allowed to creep past 1.5°C. Holding the rise to that level is a key but immensely hard goal of the Paris climate deal.
Tom Fanning, CEO of Southern Company, one of America’s biggest utility companies, sat down with me at last week’s Aspen Ideas Festival in Colorado.
What he said: "If your objective is to put a price on carbon to manipulate carbon I don’t think that makes sense. If somebody says to me, ‘we have a gigantic federal deficit, and we need to raise taxes.’ Does a carbon tax make sense? Yeah I’d be more amenable to that conversation. That means I’m going to tax something in order to raise revenue. Taxing something to change behavior, there’s better ways to do that."
A new online tool offers an interactive, apples-to-apples comparison of long-term global energy outlooks issued by intergovernmental bodies, major oil companies and others.
Why it matters: These detailed projections and scenarios inform policymakers, analysts, activists and really anyone trying to grapple with where the world might be headed.
Tesla's stock is beginning to recover after a brutal start to the year, rebounding about 25% from its June nadir as optimism about second-quarter vehicle deliveries has picked up steam.
The state of play: CEO Elon Musk's message to shareholders that there is "not a demand problem," and June 25 email to employees saying Tesla is "on track to set an all-time record" for deliveries have also helped stabilize the stock. But investors would be wise to sit out any celebration, Charley Grant at WSJ writes.
ExxonMobil is working to encourage a major Washington lobbying group to support policies addressing climate change, according to a top company official.
Why it matters: Facing public, investor and legal pressure, oil companies are increasingly backing action on the issue of climate change while still remaining members of trade associations whose positions don’t align with that shift. At issue here is the American Fuel & Petrochemical Manufacturers, whose focus is oil and gas refining.
