Tag: buffalo
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Tesla to cut salaries, furlough workers as COVID-19 shutdowns expected to last until May 4
Tesla will suspend production at its U.S. factories until at least May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers, according to an internal email sent Tuesday night and viewed by TechCrunch. Pay cuts for salaried employees — which ranges from…
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Tesla is eyeing Nashville for Cybertruck gigafactory
Tesla is currently in discussions with Nashville officials to locate a mill there that will produce its all-electric Cybertruck and Model Y crossover,” according to a source familiar with the discussions. Tesla CEO Elon Musk tweeted Tuesday evening that the provider has been “scouting” places to construct a fresh U.S. gigafactory which will produce the…
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Tesla lands $1.4 billion from Chinese banks to build out its Shanghai gigafactory
Tesla has allegedly secured over $1.4 billion in financing in the form of loans from several Chinese banks so as to help fund the construction of its gigafactory in Shanghai. First Reuters and now Bloomberg reported that the funding as confirmed on Monday afternoon, with an official announcement to happen sometime this week. The loan…
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“He’s Full Of Shit”: New Bethany McLean Expose Eviscerates Elon Musk’s Solar City Bailout
Bethany McLean’s standing proceeds , with great reason. She is mostly famous for tackling the Enron scandal and the 2008 catastrophe – two of the biggest financial frauds over today or the past ten years. She co-authored Enron: The Smartest Guys in the Room, that was made into a movie. And today, she’s setting her sights around Elon…
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The Great Buffalo Revival
DILAPIDATED GRAIN silos and Lifts Soar a dozen stories over the Buffalo River, seemingly close enough to touch from my kayak. It’s an incongruous sight with the serenity of the apartment river so near hand. The buildings once stored enormous tons of grain for transportation to major East Coast towns. Today, however, the marine traffic…