techkenyot.com
techkenyot.com June 25, 2019


Tesla to break ground on Shanghai 'Gigafactory'

07 January 2019, 07:58 | Hattie Nash

2020 Hyundai Kona EV

2020 Hyundai Kona EV an affordable electric car

Tesla boss Elon Musk said the electric car-maker would break ground Monday on a Shanghai factory that will allow it to sell to Chinese consumers and avoid tariffs from the China-US trade war.

In China, the billionaire-entrepreneur faces a vehicle market that probably shrank previous year for the first time in at least two decades as uncertainties surrounding the trade fight between the world's two biggest economies, signs of weakening domestic demand and a stock-market slump take their toll on consumers.

The Securities and Exchange Commission, which ended up fining Musk and Tesla $20 million each over the August 7 tweet, as well as removing Musk as chairman and forcing the addition of two independent directors to the board, found in a probe that Musk's relationship with Grimes played a role in setting the price he said he would ask for Tesla.

Concerns about the shrinking USA tax credit and Tesla's decision to cut prices by United States dollars 2,000 to partially offset the lower incentive sent the automaker's shares plunging 9.7 percent during the first two trading days of the year.

Year's 1st Yellow Vest Event Brings Tear Gas, Fires in France
On Wednesday, a key figure in the yellow vests movement was arrested for allegedly organising an illegal demonstration. What began as a protest about a fuel tax back in November has escalated into widespread anger at rising living costs.

China typically requires foreign automakers to set up joint ventures with domestic firms when establishing manufacturing plants, which entails the sharing of profits and technology with local partners.

Elon Musk's lawyers are fighting efforts by lawyers for investors suing Tesla to bring his girlfriend into the case.

Domestic production would help shield Tesla against import duties as the U.S. and China find ways to wriggle out of the tariff quandary. He's pointed to sales of the sedan in Europe and China as a main reason he isn't concerned about any potential setback caused by the USA federal tax credit toward Tesla purchases halving to $3,750 as of January 1.

The drop in the numbers isn't just a direct effect of the trade war.

Fortnite players get glider as apology over event end date error
Epic hasn't revealed just when players will get this reward, but it'll be some time in the near future. On the last day of the event, the final challenge rewarded players with a sweet Equalizer glider.

Equity losses in China a year ago wiped out more than $2 trillion of wealth, denting consumer appetite for luxury goods. Passenger vehicle sales declined for six consecutive months through November, and are on course for an annual decline.

How fast can Tesla and China complete Gigafactory 3? Vehicles that would be produced in Gigafactory 3 include the Model 3 sedan and the Model Y SUV.

An invitation for Gigafactory 3. Tesla, which has said it plans to use mostly local debt to fund the factory, plans to start production this year.

‘Bohemian Rhapsody’ wins best drama film, best actor at Golden Globes
And he nailed it; every hand gesture, step, head movement and even the pursing of his lips matches up perfectly with Mercury's during the sequence.



Other News

Trending Now

Netflix warns people about 'Bird Box challenge'
The Sandra Bullock-led flick recently became the streaming service's most watched movie in the first seven days of its release. Previous year witnessed the Kiki challenge and, 2019 has offered us yet another weird challenge - the Bird Box Challenge .

Pope tells European Union to stop bickering over migrant ships in Epiphany message
The European Commission also urged EU member states to admit them earlier this week as concern grows over their plight. Another 199 migrants were pulled from five different boats on Sunday, including two small inflatable boats.

Bolton: Syria withdrawal only if safety of Israel & allies guaranteed
Although the withdrawal is bound to happen, Bolton said there are circumstances that would bring the United States back to Syria . The remarks represent a departure from the president's earlier statements about the timeline for USA involvement in Syria.

Asian Cup: India hit Thailand for four in shock victory
The Indian superstar is now only behind Portuguese legend Cristiano Ronaldo in the list of worldwide top scorers. Chhetri latched on to a through ball from Udanta Singh to blast home his second goal from just inside the box.

LeBron to miss at least three more games
That group includes Minnesota (18-21), which needs to beat teams like the Lakers as often as possible just to stay in the race. To start the day, the Timberwolves jumped out to a huge lead early on the Lakers, and never let up, cruising to an easy win.

U.S. targets suspected USS Cole bombing planner in Yemen: statement
The ship was refueling at the port of Aden in Yemen when suicide bombers attacked in a small boat filled with explosives. The militant, said to be an al-Qaeda commander, was on the FBI's most wanted list over the attack on the warship.

Abu Dhabi crown prince to visit Pakistan on Sunday
Earlier in a telephonic conversation, PM Khan extended an invitation to the crown prince to visit Pakistan. UAE is Pakistan's largest trading partner in the Middle East and a major source of investments.

USA gets reassurance; employers add a stellar 312000 jobs in December
On the transportation side, December's results finish off an impressive year for the capacity-constrained trucking industry. But in construction, and to an even greater extent manufacturing, Canada has not been keeping up on the jobs-creation front.

Bowsette unofficial according to Nintendo
Bowsette is forever non-canonical, probably due to the amount of X-rated art freely available whenever you do a search for her. Sadly, the item has been restricted to Toadette, though Nintendo could potentially revisit the idea in future titles.

Malaysia king abdicates in historic first
Speculation intensified over the king's future this week when the country's Islamic royals reportedly held a special meeting. The King offered his thanks to the other Malay rulers who had chosen him as the 15th Yang di-Pertuan Agong from Dec 13, 2016.