Elon Musk approves carbon tax at Tesla shareholders’ meeting

Texas News Today

SpaceX founder and Tesla CEO Elon Musk waves to reach discussion at the Satellite 2020 conference on Monday, March 9, 2020 in Washington DC.

Andrew Haller | Bloomberg | Getty Images

Tesla CEO Elon Musk on Thursday ratified the idea of ​​a federal carbon tax at the 2021 annual shareholders meeting.

In his view, the three parts of a “sustainable future” are solar and wind, batteries for energy storage, and electric vehicles of all kinds, including cars, boats, and planes.

“As we move towards a sustainable energy grid and electric vehicles, obviously we are moving towards a completely sustainable energy economy, where we want to get there as soon as possible. The sooner, the better. What else? Is there a carbon tax? I mean, “Mr. Musk expressed impatience.

Carbon taxes, or taxes on greenhouse gas emissions, have long been proposed as a way to reduce emissions of climate change-causing gases, particularly carbon dioxide. Some advocates believe that carbon taxes should be increased over time to give industry time to find and deploy low-carbon alternatives to products and processes that emit CO2.

According to the New York Times, more than 40 governments have adopted some price for carbon, but the United States has not.

The carbon tax could help Tesla by making gas more expensive, making electric cars more attractive, raising energy prices, and encouraging homeowners to adopt solar panels from Tesla and other providers. Musk acknowledged a lot, but his reusable rocket business, Space, is a significant consumer of fossil fuels he plans to use in natural gas drilling in Bocatica and methane in the rocket business. He said it would hurt X.

“So what about carbon taxes? We really need this,” he said.

Musk also strongly supported the idea of ​​extracting more material from used batteries through improving recycling techniques and processes.

“Battery material is certainly recyclable. Combustion is not a gas. CO2 is a very stable molecule. The atmosphere on Mars has been mainly CO2 for billions of years. It’s very stable. So sometimes people use methane.” Don’t worry too much about methane. Methane quickly breaks down into CO2. Methane isn’t a stable molecule. CO2 is very stable. The audience is watching SpaceX try to justify the use of methane. encourages.

According to the Environmental Protection Agency, “methane is 25 times more powerful than carbon dioxide at trapping heat in the atmosphere.” Methane is also the second greenhouse gas emitted through human activity and industry, after carbon dioxide. It accounts for about 20% of the world’s greenhouse gas emissions.

Austin Update

At its annual shareholders meeting, Musk also talked about Tesla’s goal of manufacturing the car where the customer ordered it. Musk suggested that doing so not only saves the company transportation costs, but also reduces the environmental footprint of transportation.

“The huge amount of money we spend on flying parts around the world is not huge,” Musk said. “It makes sense to produce on the continent with the consumers.”

Tesla is currently building a new factory near Austin, Texas, which will produce the battery locally, and another factory outside Berlin, Germany.

Tesla also confirmed on Thursday that it has moved its headquarters to Austin.

Musk expects the Texas plant called Giga Austin to follow in the footsteps of Tesla’s Shanghai plant, which produces more electric vehicles than the original plant in Fremont, California. ..

At least at the annual shareholders meeting, Musk announced that the battery and manufacturing progress Tesla is working on could soon lead to cheaper cars from the company. “I believe that about three years from now, we will be able to build a fully autonomous, highly attractive $25,000 electric vehicle,” he said at the time. Tesla also said last year that it designed and manufactured its 4680 battery cells at its facility in Fremont, Calif.

Musk did not provide up-to-date information on the timing of the $25,000 electric vehicle on Thursday.

But he said Tesla will not produce the 4680 battery cells in Texas this year. Instead, Fremont’s facility will produce these cells and ship them to Texas as Model Y production increases.

Long-term Musk said he believes the crossover utility vehicle is likely to be Tesla’s bestseller and is more popular than the Model 3 sedan.

Tesla said earlier this month that it delivered 241,300 electric vehicles in the third quarter of 2021 and produced 237,823 vehicles during the same period.

Delivery is the closest estimate of sales reported by Tesla. The company set a new record as shipments from other automakers declined compared to the same period last year, mainly due to supply chain issues, including global chip shortages.

Musk said on Thursday he does not believe global supply chain problems will be completely resolved by 2023.

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