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Tesla's break into electricity retail kicks off with an Austin job opening


Tesla is taking steps toward its plan to provide retail electricity.

A job has opened up for a product operations manager based in Austin. Tesla says this role will be central to the success of its emerging electricity retail business.

The manager will initially focus on the Texas market, growing the business and the team. Texas leaders have previously welcomed Tesla CEO Elon Musk and his businesses like when Gov. Greg Abbott boasted this past spring about the opening of Tesla’s gigafactory in southeast Travis County.

But Tesla’s ambitions could go beyond Texas eventually. The job description mentions that the manager will also contribute to innovation in electricity retail offerings and expansion into future markets.

Qualified candidates will have operations experience in residential electricity retail, preferably with a retail electricity provider in ERCOT. Tesla also notes candidates should have the flexibility to integrate innovative approaches with distributed energy resources such as solar, storage, electric vehicles and future Tesla products.

Tesla is aiming to recruit someone with a bachelor’s degree in a technical or engineering field, at least three years of related experience and a high degree of comfort working in a fast-paced results-oriented environment.

This opening comes after the Public Utility Commission of Texas approved an application from Tesla Energy Ventures LLC last year to provide retail electricity. To acquire customers, Tesla has said it will target its existing Tesla customers and market the retail offer to customers through its mobile app and website.


With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.