Business

Tesla Confirms Acquisition of Battery Tech Maker Maxwell Is a Done Deal


Three months ago we reported Tesla’s intention to acquired ultracapacitor and battery component manufacturer Maxwell.


Ultracapacitors can store large amounts of electrical charge without losing energy, but they have not yet been developed to a point where they can be used commercially.


In the past Tesla has acquired Riviera Tool LLC, a manufacturer of stamping die systems used to form sheet metal parts; SolarCity, a provider of solar energy services to homeowners, businesses, government, and non-profit organizations in; Grohmann Engineering, a firm that makes Tesla’s robots for production, and Perbix, a maker of highly automated manufacturing equipment in November 2017.


News of the deal being finalized comes out as new details are revealed about the latest fatal Tesla crash.


CEO of Tesla, Elon Musk has said that the company's’ full self-driving technology will be ready by the end of the year.


But a series of fatal crashes that have occurred while the ‘Autopilot’ feature is enabled may influence public opinion about the system’s safety.






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