Tesla, no. 1: There has been yet another Tesla departure: via Gizmodo Media's Jalopnik, Tesla's director of battery engineering has left the company.
My Axios colleague Steve LeVine notes that the news comes after the August departure of Kurt Kelty, who was director of battery technology and had been with Tesla since 2006, before the company produced its first car. A little more from Steve's item...
- "[T]he dual exits come at a crucial inflection point for the company, which is attempting to transform itself from a niche carmaker for the rich into a mainstream giant that triggers the creation of a global electric car industry. Key to that is the success of the mainstream-priced Model 3, which has had a choppy few months since its launch in July."
- Tesla did not comment.
Tesla, no. 2: "Tesla Inc. has acquired Perbix, a closely held maker of automated machines used for manufacturing, as the electric-car maker struggles to boost production of its most important new model," Bloomberg reports.
Climate, no. 1: A new S&P Global Ratings report looks at the financing that must be mobilized to meet nations' emissions pledges — known as nationally determined contributions (NDCs) — under the Paris agreement.
- "We think it unlikely that governments will increase their expenditure and debt burdens to the extent necessary to meet the vast direct financial pledges that some NDCs set out," the report states. Private sector funds from a range of sources will be needed to bridge the gap.
Climate, no. 2: Via the Axios stream yesterday, a piece that explores the shrinking of an iconic and important lake...
- The Great Salt Lake is half the size it was in 1847. Scientists previously thought the lake was shrinking due to a shifting climate, but a study published last week in Nature Geoscience says it's getting smaller because humans are using water before it can reach the lake, writes Sarah Derouin for Science Magazine.
Tech: Via Platts, "Energy majors BP, Shell and Statoil are to co-develop a blockchain-based digital platform for energy trading."