Tesla fremont factory address

Tesla's Model3 on display at the Seoul Motor Show in March 2019. [YONHAP] Tesla, which had surging sales in Korea, is under investigation by the antitrust agency for false advertising. According to industry sources, the Fair Trade Commission (FTC) has been looking into whether the U.S.-based electric vehicle (EV) company has exaggerated its autopilot technology. Tesla has advertised that its autopilot system not only controls the direction of the vehicle, but also controls the speed at which it travels. However, according to auto industry experts, Tesla’s autopilot system is closer to driver-assistance technology than the kind of full autonomous driving that does not require the help of a driver. The review by Korea's antitrust agency comes on the heels of a German court ruling on the same issue last week. A Munich court ruled in favor of the non-profit organization The Center for Protection Against Unfair Competition, which sued Tesla for misleading consumers about its … [Read more...] about FTC looks into Tesla’s claims on autopilot technology

Tesla's Model3. [TESLA KOREA] The Ministry of Land, Infrastructure, and Transport has launched an investigation into suspected defects in Tesla electric vehicles (EV). The ministry said Tuesday it requested the Korea Automotive Technology Institute on July 15 to check for defects in Palo Alto, California-based Tesla's best-selling Model 3. The inspection, the first for the EV manufacturer in Korea, will mainly focus on the car's autopilot functions, including breaks and cruise control. The Model 3 has faced complaints from customers who claim the vehicle has numerous safety issues. According to the ministry, inspections can take between six months to two years to finish. Cars will be recalled if defects are found. Tesla is also under investigation by Korea's Fair Trade Commission (FTC) to have exaggerated its autopilot technology. The EV manufacturer has advertised that its autopilot system not only controls the direction of the vehicle but also controls the speed at which … [Read more...] about Government launches investigation into suspected Tesla defects

Earlier this summer, Tesla announced its intention to split its stock—a surprise to many, since Tesla shares split just two years earlier . But shareholders obviously approved the additional split, as did Tesla’s board of directors, which officially okayed the 3-to-1 split on August 5. That split is now just a week away, but today is an important date for those hoping to benefit from it, too. Here are all the critical dates you need to know about Tesla’s upcoming stock split: advertisement Wednesday, August 17, 2022: Anyone wanting to receive two extra shares for each TSLA share they own needs to be a shareholder of record by this date. If you own TSLA shares on August 17, one week later you will receive two additional shares for each you own. Wednesday, August 24, 2022: One week after the shareholder of record cutoff is when TSLA shares actually split. After the stock market closes on August 24, TSLA shares will split 3-to-1, and by the next morning … [Read more...] about Tesla stock split: Date, day of record, and what happens next

People who are affected by infertility do have options to try, but in vitro fertilization (IVF) and the diagnostics, medication, surgery, and other treatments can be expensive. In some cases, medical insurance will cover many of the costs, but in other cases it won't. On a global scale, 15% of reproductive-aged couples are impacted by infertility around the world, according to World Health Organization (WHO) estimates. The majority of people affected by infertility (including men, women, LGBTQ couples, and single people), will pay out-of-pocket . Depending on the treatment, out-of-pocket costs can easily reach thousands of dollars. Some states have laws that require insurance companies to cover treatment for infertility, but the laws vary. Here, we'll explain how state laws affect insurance coverage for fertility treatment in more detail. Key Takeaways Mandatory insurance coverage for fertility treatment and medication is not widespread in the U.S. Many insurers do … [Read more...] about States Laws & Insurance Coverage for Fertility Treatments & Medication

You can have a pension and still contribute to a 401(k)—and an IRA—to take charge of your retirement. If you have a defined benefit pension plan at work, you have nothing to worry about, right? Maybe not. While pensions used to be a staple ingredient in the recipe of retirement planning, fewer companies today offer them. What's more, the benefits aren't as reliable as they used to be . Now is a good time to start thinking about where your pension fits into your overall plan for retirement. It’s dangerous to rely on any pension—even a generous one—to cover all your retirement needs. Key Takeaways A pension provides a fixed monthly benefit upon retirement for the rest of your life. 401(k)s and IRAs provide income in retirement, too. But the amount depends on how much you contribute and how well your investments perform. A good retirement strategy is to contribute to a variety of retirement investments, including 401(k)s and IRAs—even if you already have a pension. … [Read more...] about Can You Have a Pension and a 401(k)?

China’s central bank unexpectedly slashed interest rates after data showed its retail sales and manufacturing output grew less than expected, signaling central bankers want to avoid an economic slowdown in China, the world’s second-largest economy . Retail sales rose 2.7% in China in July compared to expectations of 5% growth, while industrial production grew 3.8%, below expectations of 4.6%. Both retail sales and industrial production slowed from the month before. According to a government spokesman, “the momentum of the economic recovery has slowed. More efforts are needed to consolidate the foundation of economic recovery.” The slowdown comes in the wake of China's “zero COVID” approach to containing COVID-19 with local lockdowns and amid a real estate slowdown. Oil prices fell on the slower-than-expected economic data, with light sweet crude down as much as 5%, below $90 per barrel. The retail sales data may signal problems ahead for Tesla and GM. Tesla generated roughly … [Read more...] about The Impact of China’s Economic Slowdown

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

- A + A TORONTO/NEW YORK (Aug 18): Five months after disclosing a stake in Bed Bath & Beyond Inc, activist shareholder Ryan Cohen wants out, sparking a sell-off in the shares of the home goods retailer. The Union, New Jersey-based company slumped as much as 29% to US$16.34 (RM73.10) on Thursday, in its biggest one-day drop since last September, after Cohen's RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as many as 7.78 million shares of Bed Bath & Beyond, along with some call options. Bed Bath & Beyond shares have been on a tumultuous ride this year with its stock soaring by the most on record when, in March, RC Ventures first disclosed a 9.8% stake in the retailer and asked it to consider a sale of the company. Since then, Cohen reached an agreement on the addition of three independent directors to the retailer's board and pushed for the exit of chief executive officer Mark Tritton. The company … [Read more...] about Activist shareholder’s plan to sell Bed Bath & Beyond stake fuels rout

- A + A KUALA LUMPUR (Aug 18): Kobay Technology Bhd's earnings rose in the fourth quarter ended June 30, 2022 (4QFY22), supported by a better performance by its property development and property letting segments, and boosted by contributions from its newly acquired pharmaceuticals business. Net profit rose 40.34% to RM11.94 million, from RM8.51 million in 4QFY21, the group said in a stock exchange filing. It said its property division's profit before tax (PBT) jumped 225% year-on-year to RM4.79 million, due to a pickup in progress billing for its ongoing project. The pharmaceuticals and healthcare products division further improved the group's performance by delivering a PBT of RM3.15 million for the quarter. Other operating segments, which mainly involved property letting business, reported a higher PBT of RM462,000, from RM215,000 previously. The manufacturing division — the largest contributor to the group's performance — reported a quarterly PBT of RM10.78 … [Read more...] about Kobay 4Q net profit rises 40% on better showing by property business

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. Ong has been active in the local corporate scene over the past few years. (Photo by Mohd Izwan Mohd Nazam/The Edge) - A + A CHEMICAL products distributor Hextar Global Bhd, the flagship company of Datuk Eddie Ong Choo Meng, is selling its manufacturing plant and the land on which it sits to KIP Real Estate Investment Trust (KIP REIT), in which Ong has a stake as well. Hextar Global, which bought the land in Klang in October 2005 for RM12.58 million, will lease back the assets after the sale. The company explains that the RM27 million sale is to unlock asset value and reduce its funding requirements. Nonetheless, Hextar Global’s asset sale is not that big a deal compared with that of its controlling shareholder Ong. The 44-year-old businessman is selling two industrial properties, namely warehouses and a factory, to KIP REIT for RM51.7 million cash. His original … [Read more...] about Hextar group boss continues acquisition spree