Elon Musk blames CARB and other car companies for $293.2 M Tesla 2nd quarter loss, says regulations are not stringent enough

Those who follow environmental and business news are used to hearing business and industry complaining that stringent environmental regulations are a major roadblock for profitability. In a twist to that familiar refrain, the leader of the world's largest electric car company blamed its latest huge quarterly loss, in part,  on air pollution regulations that weren't stringent enough!

As reported by The Los Angeles Times and others, Tesla Motors Inc., disappointed investors again by reporting a second quarter loss of $293.2 million yesterday. In explaining what happened, Tesla CEO Elon Musk gave several reasons, but, the most interesting one - or the most bizarre - was his claim that California Air Resources Board (CARB) regulations were "pathetic," implying that they were not stringent enough.

Video Credit: Tesla website - Fair Use

A significant portion of Tesla's business model involves the sale of zero-emission vehicle (ZEV) environmental credits. Under CARB air pollution regulations, ZEV credits can be traded or sold between those who need them to offset emissions from their fossil fuel fired cars and those who generate them by selling electric cars with no emissions such as the Tesla Model S.

According to The Times, Tesla sold about $170 million in emission credits last year. However, Musk apparently believes the standards that help to set the price for those credits are "pathetically low."

Musk added. "There's massive lobbying by the big car companies to prevent CARB from increasing the credit mandate, which they absolutely damn well should. As a result, you can barely sell the credits for pennies on the dollar. CARB should damn well be ashamed of themselves."

General Mills expands E.coli flour recall

There's another nationwide food scare of which everyone needs to be aware, this time involving baking flour and cake mixes.

As a result of determinations by the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention, General Mills has recalled some of its flour and cake mix products because they may be infected with E. coli bacteria. Several instances of food borne illnesses have been traced to the consumption of uncooked batter and dough made with raw flour.

The problem was first identified a few months ago, followed by additional notices, most recently on July 25, 2016.

Approximately 50 people have become ill as a result of the contamination, 13 of them hospitalized, one of those with a form of kidney failure.

General Mills said that the problem has not been linked to products that were properly cooked. The danger exists only if uncooked dough or raw flour is consumed.

The company recommends that you check the published lists of affected products (see links below) to see if you have any of them. if so, you should write down the product name, UPC code (bar code), & Better if Used By Date, throw the product away, then contact General Mills for a replacement coupon.

For more information, click on the following links:

May 31 Press Release

July 1 Press Release

July 11 Press Release

General Mills Blog

Climate change film competition accepting entries from the public now

Are you interested in climate change? Do you want to do something about it? Do you have an idea that you think can shake up the world? Are you creative, good with a video camera, maybe have some editing skills?

Well, there's a new event that may be just right for you. It's called the Film4Climate Global Video Competition 2016.

If you are between the ages of 14 and 35 and can put together either a Public Service Announcement (PSA) or a short film dealing with your ideas for climate change solutions, then here is your chance to help change the world.

Participants will be competing for up to $8,000 in prize money and other special awards.The films will be judged by a stellar panel of filmmakers and political leaders, with the jury led by none other than acclaimed director Bernardo Bertolucci.

The winners will be announced at COP 22 in Morocco.

Click on the following link and video for more information on how you can enter this unique competition. Entries should be submitted to film4climate.net by September 15, 2016.

Film4Climate Competition Teaser from Connect4Climate on Vimeo.

Please note that links to Examiner.com articles no longer work

A lot of the posts that have been made on this site included links to articles at Examiner.com. Please note that AXS, the owner of Examiner, decided that Examiner would cease operations as of July 10, 2016. AXS also decided not to archive any of the old articles.

As a result, if you happen to scroll through this site and click on some of the old Examiner links, you will now get directed to totally unrelated webpages at AXS.com, which is an entertainment website.

Sorry about that - it's out of our control.