Last year, Tesla collaborated with SpaceX and The Boring Company, for which it was compensated.

 

tesla

Tesla disclosed some of the ways it collaborates with CEO Elon Musk’s other companies, including SpaceX and The Boring Group, in a recent filing.

According to the filing, in 2020, SpaceX purchased $2.6 million in Tesla vehicle components and $1.5 million in Tesla Energy systems, components, and facilities from related parties. The price includes labour, and some parts and systems have been changed, according to the filing, which was filed late Friday.

Musk’s businesses have previously collaborated.

SpaceX, for example, has two board members in common with Tesla. Musk, along with his brother Kimbal and Antonio Gracias, sits on the boards of both companies.

For crewed launches and other times, SpaceX has made it a tradition to transport astronauts to the launchpad in the company’s version of an “astrovan,” a NASA logo-emblazoned Tesla Model X. Tesla and SpaceXshare several staff, including vice president of materials engineering Charles Kuehmann, who works for both firms.

Musk’s companies have just done a few transactions together. However, according to Friday’s filing, SpaceX purchased more technology and services from Tesla over time, even as the automaker faced chip shortages that have afflicted the industry.

After a record-breaking SpaceX-NASA flight to the International Space Station, the company’s Crew Dragon capsule “Resilience” splashed down in the Gulf of Mexico on Sunday.

In the first quarter of 2021, SpaceX purchased $2.1 million worth of car parts from Tesla, including labour and modifications for non-vehicle use, in order to complete its various missions. This is more than three times the $600,000 SpaceX spent on Tesla car parts a year ago.

Musk touted a record quarter for Tesla during the company’s first-quarter earnings call on April 26. He also bemoaned the difficulty of vehicle manufacturing in general, as well as the industry’s and Tesla’s ongoing chip shortages and supply-chain constraints.

He said Tesla had to overcome “a logistics challenge that makes World War II look trivial” in order to achieve high-volume electric vehicle production. The first quarter of 2021, according to the CEO, had “some of the most complex supply-chain problems that we’ve ever faced in Tesla’s history.” Insane problems with component supply chains, affecting the entire selection of parts.”

The filing on Friday didn’t specify what SpaceX bought or how it plans to use any of the systems and components.

The Boring Business, of which Musk is a co-founder and major shareholder, is now a small Tesla customer, according to the filing. During the year 2020, The Boring Company paid $300,000 for “Tesla Energy systems and related facilities.”

Read about: What will be the Tesla Model 3 price in India?

Musk’s tunnelling company built the Las Vegas Convention Centre Loop, a 1.7-mile network of tunnels that transport visitors between exhibit halls. Drivers of Tesla Model 3 vehicles move through the LVCC loop to pick up and drop off passengers who must book rides through an app.

The $50 million LVCC loop has been criticised for its lack of pedestrian exits, walkways, and platforms, as well as its lack of people-moving capability when compared to that of a subway.

Tesla didn’t mention whether it sells or would sell vehicles to The Boring Company for infrastructure projects in its filing.

According to the filing, Tesla collaborated with and was compensated by Musk’s companies in the following ways during 2020 and through March of this year:

SpaceX is a private space company that was founded

spacex

• In 2020, SpaceX paid $1.5 million for Tesla Energy systems, parts, and related services. In the first quarter of 2021, it invested $200,000 on equivalent transactions.

• In 2020, SpaceX paid Tesla $2.6 million for vehicle parts, including upgrades, labour, and support. In the first quarter of 2021, it spent $2.1 million on the same Tesla products.

• Tesla got $100,000 from SpaceX for “engineering support and resources” used in 2020.

• In 2020, SpaceX paid $700,000 for a custom tool that Tesla designed for it at the automaker’s machining facility.

• From 2020 to February 2022, SpaceX licenced software from Tesla for an estimated total fee of $100,000 by the end of the period.

Tesla 

• In 2020, Tesla charged SpaceX $600,000 for the use of its aircraft. In the first quarter of 2021, it charged $100,000 to SpaceX for the same.

The Boring Company 

• In 2020, The Boring Company paid $300,000 for “Tesla Energy systems and associated facilities.”


To read more and watch a video on the news you can visit www.CNBC.com

To read more about the latest tech related news & articles please do visit: www.technologyinsight.tech

Social share
Default image
Technology insight

Online Tech Magazine/Website where you will get all the latest news/articles/stories/reviews/unique perspective on modern technologies like Cryptocurrencies, Blockchain Technologies, NFTs, Artificial Intelligence, Deep Learning, Machine Learning, Quantum Computing and much more

Leave a Reply

Your email address will not be published.