By using a battery that holds the same level of electrical charge but has to be recharged only once per 24 hours. The company has a website: www.teslamotors.com/free-energy.
The company’s press release was posted on their website:
Tesla’s “free energy” system helps energy retailers reduce sales taxes by eliminating excess electricity at the end of every billing cycle.
The free energy helps retailers keep overhead costs low by using the same electric charger but for free.
“Since we launched our ‘free’ energy program in June, we’ve seen positive feedback from our customers,” says Bill Gallo, the co-founder and President of Tesla, “and are thrilled to offer the program to other retailers and utilities in order to help them reduce their business’ tax costs.”
Tesla Motors and Free Energy (www.teslamotors.com) is not affiliated with Tesla Corporation and its partners, Tesla Energy Retail, Inc. or Tesla Energy Consulting Group, LLC. The Free Energy program is not covered by warranty or liability coverage and is based on voluntary, independent action by customers and is not a legal or accounting document. For more information regarding Tesla’s free energy program, please visit: www.teslamotors.com/free-energy.
Travis Kalanick, Uber’s chief executive, will make his annual bonus at a $3 million a year up from $2.75 million currently, a jump that should bring an end to some of the criticism that Uber is paying its chief executive so little.
Since January 2014, that sum has been distributed to executive level compensation in the form of $1.25 million as well as stock grants worth $1.55 million, according to records on Uber’s website.
Mr Kalanick, 43, who is also chief technology officer, is said to have held a stock price of $40, but his personal net worth has fallen to between $1billion and $2.5billion since last month, according to the FT.
Mr Kalanick has denied he has been paid less than his counterparts at Alphabet, Google’s parent company, who have each signed non-compete agreements preventing them from competing with one another for future projects.
Mr Kalanick’s new bonus is a boost as Uber tries to increase its cash pile over this year. It also provides a signal about his ambitions for the company which is struggling with a series of scandals involving sexual harassment cases (Mr
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