We would like to welcome Linda Johnson Rice, Chairman and Chief Executive Officer of Johnson Publishing Company (JPC), and James Murdoch, Chief Executive Officer of 21st Century Fox (21CF), to Tesla’s board of directors.
Last September, a 50-year storm damaged critical infrastructure in the state of South Australia, causing a state-wide blackout and leaving 1.7 million residents without electricity. Further blackouts occurred in the heat of the Australian summer in early 2017. In response, the South Australian Government as a leader in renewable energy, looked for a sustainable solution to ensure energy security for all residents, now and into the future, calling for expressions of interest to deploy grid-scale energy storage options with at least 100 megawatts (MW) of capacity.
We engineered Model X to be the safest SUV ever, and today, the National Highway Traffic Safety Administration (NHTSA) announced that after conducting independent testing, it has awarded Model X a 5-star safety rating in every category and sub-category, making it the first SUV ever to earn the 5-star rating across the board. More than just resulting in a 5-star rating, the data from NHTSA’s testing shows that Model X has the lowest probability of injury of any SUV it has ever tested. In fact, of all the cars NHTSA has ever tested, Model X’s overall probability of injury was second only to Model S.
We would like to welcome Gaby Toledano, who has joined Tesla as Chief People Officer, leading Human Resources and Facilities, reporting into Elon Musk. Gaby joins Tesla after 10 years on the Executive Team at Electronic Arts (EA), during a time of transformation and growth. Prior to EA, Gaby led Human Resources at Siebel Systems. She has also held HR leadership positions at both Microsoft and Oracle and currently sits on four technology boards.
Earlier this year, the United Automobile Workers (UAW) announced it was attempting to organize workers in Tesla’s Fremont factory. The latest phase of their campaign involves a concerted and professional media push intended to raise questions about safety at Tesla.
Today, modern utilities and grid operators are utilizing battery technology like never before. The next step in tapping the potential of energy storage is putting together thousands of batteries to form an energy network that utilities can use to deliver immediate value for the electric system. Tesla can now bundle Powerwall and Powerpack batteries into a single portfolio, also called aggregation, to make the grid cleaner and more efficient. Meanwhile, Powerwall customers who allow Tesla and the utilities to use their battery when energy demand is highest will not only have home backup power, but will also receive compensation for its use on the grid.
Tesla’s mission is to accelerate the world’s transition to a sustainable energy future by creating products that are so compelling, there is no alternative. Solar energy has always been part of our master plan, and we recognized the need for a roof that is simultaneously affordable, durable, beautiful and integrated with battery storage.
As Tesla prepares for our first mass-market vehicle and continues to increase our Model S and Model X fleet, we’re making charging an even greater priority. It is extremely important to us and our mission that charging is convenient, abundant, and reliable for all owners, current and future. In 2017, we’ll be doubling the Tesla charging network, expanding existing sites so drivers never wait to charge, and broadening our charging locations within city centers.
Tesla today announced that CFO Jason Wheeler has decided to leave the company in April to pursue opportunities in public policy. Jason will be replaced by Deepak Ahuja, who was Tesla’s first CFO and worked for the company for more than seven years before stepping away in 2015. Deepak will formally take over as CFO in early March, with Jason remaining at Tesla through early April to ensure a smooth transition.