Tesla Inc wants to start building a large vehicle assembly plant in the Southwestern United States, the company told Texas officials in documents made public this week.

 


 

But, in an attempt to win tax cuts, the corporation is already pushing back Texas and Oklahoma against each other. According to rumors, the factory will build Tesla's electric pickup truck and Model Y SUV.

Tesla told officials in Travis County, Texas, on the grounds of what is now a cement operation near Austin, the automaker plans to spend around $1 billion to develop a 4 million to 5 million square-foot automotive assembly plant employing 5,000 workers. But it requires tax deductions, according to documents filed with Texas authorities, to make the site competitive with an alternative location in Oklahoma.

Details of the company's documents were reported by The Austin-American Statesman.

It was not immediately possible to reach Tesla officials for comment, but Tesla Chief Executive Elon Musk had previously hinted about a Texas plant, and Texas Governor Greg Abbott spoke about the possibility with Musk.

Commerce Secretary Sean Kouplen of Oklahoma said Tesla remains in the hunt for the plant.

“We’ve pulled together a compelling, well-balanced and, more importantly, a responsible performance-based incentives package to attract Tesla to Oklahoma,” he said in a Thursday statement.

In Fremont, California, Tesla's sole US vehicle assembly plant covers 5.3 million square feet-a a huge plant, but not large enough for the growing business. Tesla had to build vehicles under a tent next to the factory.

After Alameda county officials ordered the Fremont factory to suspend production and deal with coronavirus stay-at-home orders that took effect in March, Musk clashed with California officials. He threatened that potential operations will be transferred to Texas or Nevada. The factory in California has since reopened.
 

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Tesla's market top hit $100 billion on Wednesday, speeding past Volkswagen, which right now sits at $88 billion. Tesla shares flooded 16% in the week through January 23, expanding Elon Musk's total assets by $1.7 billion to $32 billion.

The 49-year-old Tesla CEO, who possesses almost 22% of the electric vehicle producer's stock, is as of now the 28th-most extravagant individual on the planet. He additionally has an expected $12.5 billion stake in SpaceX, his secretly held aviation organization known for reusable rockets.

Tesla shares have dramatically increased since October and are up over 30% this year — it's still just January. Tesla outperformed Ford and GM in advertise capitalization prior this month. The main carmaker still behind Toyota, with a market top of $233 billion.

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Results of public beta testing of SpaceX’s Starlink, which provides global internet coverage from space are out. Users who took the test have confirmed blazingly fast results. To take the beta test, users had to purchase the Starlink ground equipment for $499 and along with an additional monthly fee of $99 for services.

One of the users, who took the test, posted on Reddit that he got the streaming 1440p and 4K with zero buffering on YouTube. He wrote, “Latency averages about 34ms, I'm seeing some jitter increase when obstacles are in the path. It's on the roof with the ridgeline mount. I have a couple of trees in the way, but getting steady high speeds. Noticed a couple of interruptions, probably from satellite transitions, but almost 100% steady since initial setup.

I actually uploaded this post using Starlink.”

“As a few different people are looking for details on this, interruptions are about ten to fifteen seconds and seem to happen every few minutes. I haven't noticed enough repetition to determine, but I'm suspecting it may be when the satellite goes behind the few trees inside the obstruction area rather than satellite handoffs. The app claims Starlink has not been obstructed recently, though, so I'm uncertain,” it added.

Starlink had earlier sent invites to people who had signed for the beta program. A user on Reddit had shared the key points Starlink had mentioned about its Internet plan. As per the post on Reddit, the program called Better Than Nothing Beta offered estimated speeds between 50mbps to 150mbps, estimated latency of 20ms to 40ms. The phased array antenna and the router would cost a user $499 while the monthly subscription would cost around $99.

“With performance that far surpasses that of traditional satellite internet, and a global network unbounded by ground infrastructure limitations, Starlink will deliver high-speed broadband internet to locations where access has been unreliable, expensive, or completely unavailable. Starlink is targeting service in the Northern U.S. and Canada in 2020, rapidly expanding to near-global coverage of the populated world by 2021,” the Starlink website reads.

Elon Musk plans new laws for Mars

Musk had revealed his plans of creating self-sustaining cities on Mars. The reports state that future colonies created by SpaceX would use Starlink satellites to provide internet connections to people. Starlink services provided to Earth or Moon will be governed by the laws of the State of California. “For services provided on Mars, or in transit to Mars or other colonization spacecraft, the parties recognize Mars as a free planet and that no Earth-based government has authority or sovereignty over Martian activities,” the governing law states.

Source: indiatoday

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DUCATI PANIGALE V2 LAUNCHED IN INDIA

As the Cupertino-based electric vehicle (EV) manufacturer eyes a slice of the largely untapped domestic sustainable automotive market, Tesla has registered its affiliate business in India.

The new firm, Tesla India Motors and Energy Private Limited, is registered in Bengaluru, Karnataka and is listed as a branch of a foreign company, according to the Registrar of Companies (RoC) filing. It also has its registered office in Lavelle Lane, a business district in the southern region.

 

The state government had previously said that Tesla would open a research and development (R&D) center in Bengaluru.

The probable entry of Tesla into India comes at a time when the union and state governments have encouraged greater adoption of green vehicle technology to help lower the carbon footprint. 

Among others, mobility start-ups such as Ola, Uber, Bounce and Vogo have set goals to include more EVs in their respective fleets.

Ola, the company headquartered in Bengaluru, has also ventured into production as it has set up a two-million two-wheeler EV plant at a cost of ~ 2400 crore in Tamil Nadu. Other large companies such as Mahindra, Hero and Hyundai and startups such as Ather are going forward with their respective plans to capture a higher share of India's emerging EV market.

In India and abroad, Elon Musk, who recently took over Amazon Inc's founder Jeff Bezos as the wealthiest person in the world, also enjoys a status that has contributed to the increasing demand for Tesla and its products.
 

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