Elon Musk does the happy dance opening huge gigafactory in Berlin

Published

2 years ago

March 23, 2022

Brittany Coles

In a world first for Tesla, CEO Elon Musk has opened a huge electric car “gigafactory” in Europe, near Berlin.

Elon musk is doing a happy dance after opening the first European hub for Tesla.

https://twitter.com/PPathole/status/1506332285607747584

https://twitter.com/teslaownersSV/status/1506328145724588036

The plant was delayed for eight months after local authority licensing problems.

The more than €5 billion factory is the biggest investment in a German car plant in recent history.

Tesla said more than 3,000 of the factory’s expected 12,000 workers had been hired so far.

At full capacity, the plant will produce half a million cars annually, that’s more than the 450,000 battery-electric vehicles that German rival Volkswagen sold globally last year.

German Chancellor Olaf Scholz said the plant was a sign of progress and the future of the car industry.

Musk says this is “another step in the direction of a sustainable future”.

Why the meme-stock frenzy is unlikely to repeat

Published

1 day ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

1 day ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

2 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending