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Former US Vice President Harris: The culprit behind soaring diesel and gasoline prices in the US is Trump and his war against Iran. His latest tactic—selling fuel solutions to his ally Putin—demonstrates weakness; it funds Russian military operations but does nothing to ease the burden on American families.October 12th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by October is 81.7%, and the probability of a cumulative rate hike of 25 basis points is 18.3%. The probability of the Federal Reserve keeping interest rates unchanged by December is 15.8%, the probability of a cumulative rate hike of 25 basis points is 69.5%, and the probability of a cumulative rate hike of 50 basis points is 14.7%.The notice indicates that the Federal Aviation Administration (FAA) is urging U.S. airlines to exercise caution when flying to or over Saudi Arabia.On October 12th, local time, the UK Maritime Trade Operations Office (UKMTO) issued a notification stating that an oil tanker was attacked by a drone near its anchorage in Sohar, Oman, on October 11th. The notification stated that the UKMTO initially received a report of a security incident involving an oil tanker. It was subsequently confirmed that the tanker was attacked by a drone, and the UKMTO has officially classified the incident as an "attack incident." Local authorities are currently assisting with the evacuation of the crew. The extent of the damage to the tanker and the potential environmental impact of the incident are still unclear, and the incident is still under investigation.The UK Maritime Trade Organization has reclassified the incident at the Sohar anchorage in Oman as an attack. The tanker was attacked by drones, and local authorities are assisting with the evacuation of the crew.

Tesla Requests $776 Million to Extend Its Gigafactory in Texas

Aria Thomas

Jan 11, 2023 10:47

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According to official papers, Tesla has submitted an application to expand its Texas gigafactory with a total expenditure of $775,7 million, marking one of its largest expansion initiatives since creating the $5.5 billion Germany gigafactory last year.


Monday and Tuesday papers on the website of the Texas state department of licensing indicate that the company plans to install five new facilities at its Austin location, including a cell test lab and a "Cathode" unit.


Reuters did not immediately receive a response to a request for comment from Tesla (NASDAQ:TSLA).


Tesla appointed its China CEO Tom Zhu to supervise the automaker's U.S. assembly plants and sales operations in North America, Europe, and South America, Reuters reported days before the Austin expansion.


Due to COVID and escalating demand worries, the most valuable automaker in the world has experienced production and logistics challenges at its Shanghai center.


During the fourth quarter, Tesla deliveries fell short of market estimates. Reuters reports that the corporation will continue a limited production schedule at its Shanghai facility through January, prolonging the lower output that began in December.


The company is anticipated to have its investor day on March 1 in Austin, where it will likely discuss its expansion and capital allocation strategies.


In addition, Tesla has a manufacturing facility in Fremont, California and a gigafactory in Nevada.


Reforma stated in December that Tesla could soon announce the construction of a gigafactory in the Mexican state of Nuevo Leon, with an initial investment of between $800 million and $1 billion.