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Tesla board investigates Musk’s secret project

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Elon Musk, appears to be involved in a secretive venture, constructing an all-glass home near the company’s Gigafactory in the Austin area.

Dubbed “Project 42” by Tesla employees, this enigmatic initiative has kept people guessing for over a year.

Sources from The Wall Street Journal reveal that Tesla’s board initiated an investigation due to concerns that Musk might be utilizing company funds for his glass house project.

The venture reportedly involves the purchase of millions of dollars worth of special glass, raising eyebrows among employees. Additionally, several limited liability firms connected to Musk and Tesla executives have acquired substantial amounts of land in the vicinity.

Although various design concepts are allegedly being considered, the transparent structure is planned to be located just outside of Austin, Texas, offering a view of Tesla’s headquarters in the distance. Among the proposed plans, one envisions a hexagonal shape with waterfront views, while another resembles the boxy design of Apple’s store on Fifth Avenue in New York.

Following the significant glass order, employees’ concerns triggered an internal investigation to determine if there was any misuse of company resources. However, the findings and status of this inquiry remain undisclosed for now.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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