EUR/USD 1.16663
0.277%
Gold 4574.83
1.492%
Oil 58.987
0.629%
USD/JPY 158.015
0.086%
GBP/USD 1.34306
0.184%
GBP/JPY 212.232
0.273%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Barclays expects the Federal Reserve to cut interest rates by 25 basis points each in June and December, compared to previous forecasts of cuts in March and June.JPMorgan Chase no longer expects the Federal Reserve to cut interest rates in 2026, after previously anticipating a 25 basis point cut in January. JPMorgan Chase now expects the Fed to raise rates by 25 basis points in the third quarter of 2027.On January 12th, according to Tianyancha business information, Changsha Haxing Network Technology Co., Ltd. was recently established. The legal representative is Yang Chenxi, the registered capital is US$10 million, and the business scope includes machinery and equipment leasing, shared bicycle services, information system integration services, electric bicycle sales, personal business services, internet sales, ticket agency services, centralized fast charging stations, and cloud computing equipment sales.January 12th - Driven by strong Black Friday sales, Australian household spending in November 2025 is projected to rise 1.0% month-on-month. Citigroup stated that, given the increased spending, it has revised its fourth-quarter 2025 household consumption growth forecast upwards to 1.5% from 1.0% (the previous forecast was already high). Citigroup economist Faraz Said added that quarterly GDP growth may far exceed the Reserve Bank of Australias (RBA) expectations. Therefore, Citigroup maintains its previous assessment that the RBA will need to raise interest rates in February and May.The Hang Seng Index rose over 1% in the afternoon session, with Alibaba Health (00241.HK) leading the gains among constituent stocks, rising over 8%. The Hang Seng Tech Index is currently up 2.17%.

Tesla Requests $776 Million to Extend Its Gigafactory in Texas

Aria Thomas

Jan 11, 2023 10:47

9.png


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.


Suggestion