Tesla Inc. (TSLA) is asking the Chinese government for approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, Reuters reported. The name of the batte…
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Month: May 2020
GM Delays Some Production Shifts At 3 U.S. Truck Plants – Report
General Motors Co. (GM) is delaying the resumption of second shifts at truck assembly factories in Michigan, Indiana and Mexico due to a shortage of parts from Mexico, Reuters reported. The news com…
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KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia
KKR & Co. (KKR) said it will inject $1.5 billion in Reliance Industries Jio Platforms Ltd., its biggest investment in Asia. As result of the transaction, which is still subject to regulatory app…
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SpaceX ready to launch astronauts into space for the first time
In the beginning, everyone was skeptical. But Elon Musk’s SpaceX defied expectations — and on Wednesday hopes to make history by ferrying two NASA astronauts into space, the first crewed flight from …
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Ark Innovation fund adds to great track record, up 25% this year on bet crisis sparks innovation
(This story is for CNBC Pro subscribers only.) One fund is soaring this year and its portfolio manger a longtime Tesla bull and investor attributes its success to the market turmoil, as she believe…
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