Feb 27, 10:53 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Arthur Villasanta 02/27/19 AT 10:34 PM Three of China’s “Big Four” state-owned banks are the biggest investors in Tesla’s massive Shanghai Gigafactory, making the Chinese state the largest investor in this battery and electric car making enterprise.Construction of the Shanghai Gigafactory will begin in a few months and is being financed by $2 billion (RMB13 billion) in loans from a bevy of Chinese lenders led by three of the Big Four banks. These three Big Four banks are the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB) and Agricultural Bank of China (ABC).ICBC is the biggest bank in the world by total assets, deposits, loans, number of customers and number of employees. It posted a net profit of $45.6 billion in 2017, up 2.8 percent from 2016. CCB is the second largest bank in the world by market … [Read more...] about Elon Musk Gets $2 Billion Loan From China For Tesla Gigafactory In Shanghai
Jan 29, 12:39 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Jerome Santos 01/29/19 AT 12:36 AM Tesla has started to take in some apprentices for their Gigafactory 1. In this apprenticeship, young people are given full-time work and benefits on a manufacturing job with the tech giant. So who are qualified for this rare opportunity offered in the Tesla Gigafactory Apprenticeship Program?According to Teslarati’s report, high school graduates can join the Tesla Gigafactory Apprenticeship Program. The young graduates would then be shown the ropes of the manufacturing job and taught personal development and other useful job-hunting skills like resume writing and mock job interviews. The pay for these full-time jobs would be $17 per hour, and the graduates would receive full benefits from the position.As for the qualifications, the Tesla Gigafactory Apprenticeship Program mostly accepts high school … [Read more...] about Tesla Gigafactory Apprenticeship Program: Who Can Qualify?
NEW YORK (Reuters) - A fire broke out at Tesla Inc’s (TSLA.O) Gigafactory in Nevada’s Tahoe-Reno Industrial Center late on Saturday but was contained by early Sunday and production had resumed, emergency officials and the company said. FILE PHOTO: An aerial view of the Tesla Gigafactory near Sparks, Nevada, U.S. August 18, 2018. REUTERS/Bob Strong The factory produces Model 3 electric motors and battery packs, according to the electric carmaker’s website. The company said there were no injuries in the fire. The Storey County Emergency Management department said the county’s fire department responded to a reported fire at the factory on Saturday at about 10:12 p.m. PDT (0512 GMT) and the fire was suppressed by the sprinkler system and with the help of fire personnel. The scene of the fire was turned back over to Tesla for cleanup and repairs at about 2:00 a.m. PDT. on Sunday, the department’s director, Joe Curtis, said in a statement. A Tesla … [Read more...] about Fire contained at Tesla Gigafactory in Nevada
By Rex Crum | [email protected] | Bay Area News Group PUBLISHED: May 2, 2018 at 7:31 am | UPDATED: May 2, 2018 at 7:33 am There’s never any shortage of drama with Tesla. concerns over the production levels of its Model 3 sedan, it’s controversy over the possible role of Tesla technology in a fatal car crash. If it’s not one of Tesla’s top executives leaving for another Silicon Valley titan, it’s Wall Street wondering if (or maybe, when) the company might run out of cash. And never mind the recent GoFundMe campaign to buy Tesla Chief Executive Elon Musk a new couch. CEOs have to have a place to sleep, you know? Now, there’s a $2 billion lawsuit to add to the mix. On Tuesday, hydrogen electric-truck company Nikola Motor filed a suit seeking $2 billion in damages from Tesla on the grounds that the electric carmaker stole Nikola’s patented technology to help it develop its own electric semi truck. (And yes, you read that right: Nikola … [Read more...] about Tesla hit with $2B lawsuit alleging violation of semi truck patents
Tech & Science Elon Musk Tesla Kanye West Tesla co-founder Elon Musk has retweeted a number of doting comments about his electric car company made by U.S. rapper Kanye West, who resurfaced on Twitter last week after a lengthy exodus, seemingly to promote an album. The budding bromance between the entrepreneur and the musician—who are both fans of tactically using Twitter to drum up support and media headlines about their future projects—comes after Tesla was embroiled in scandal following a fatal crash involving one of its vehicles that was allegedly in autopilot mode. Musk recently used Twitter to tease that his aerospace company, SpaceX, could potentially use a “giant party balloon” and a “bouncy house” to help retrieve a rocket from orbital velocity. West, meanwhile, has been tweeting incessantly about the nature of consciousness, upcoming music, capitalism and clothing. And in a series of Twitter posts on Sunday, West directly … [Read more...] about Kanye West to Elon Musk: ‘I really love my Tesla. I’m in the future’