Expansion Plans Updates
Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.
Today, Tesla is reported to be nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Texas Department of Licensing and Registration filings disclosed plans to spend over $770 million on constructing electric vehicle facilities at the Texas factory. Tesla earmarked funds for activities including battery cell testing and manufacturing, cathode and drive unit manufacturing and a die shop, among other things.
Tesla makes its electric cars at its gigafactories in Shanghai, Austin, Berlin and Fremont, California and is reportedly set to announce a new factory in Mexico's Nuevo Leon state last December.
Elon Musk said in November that South Korea was among its top candidate locations for a factory it plans to build in Asia for making EVs, according to South Korea's presidential office.
TSLA shares are trading higher by 2.48% to $123.22, though off the session high of $125.95, after the company applied for an expansion of Gigafactory Texas.
Something's Gonna Give?
Selling more shares or raising funds to build, build and build? But Elon has promised of not selling TSLA shares in the next 18-24 months.
So Twitter is now considering selling some usernames to generate new revenue, The New York Times reported Wednesday.
The social media company's employees have held conversations about selling some usernames for the service since at least last month, the newspaper reported, citing people with knowledge of the matter.
The company's engineers have proposed holding online auctions where people can place bids for the usernames, NYT reported, quoting the sources.
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