Tesla issues stock for trucks and trailers to bolster deliveries

first_img Tesla Car Industry Electric Cars 50 Photos Tesla Model 3 barrels through the snow in Track Mode More about 2018 Tesla Model 3 Performance Tesla Model 3 Review: Performance trim Review • Tesla Model 3 Review: Performance trim More From Roadshow Tags 2019 Nissan Leaf Plus review: A better EV, but maybe not the best Preview • 2018 Tesla Model 3 Performance: The future, quicker 0 While Tesla’s sales model is currently a bit… schizophrenic, the automaker has held firm that it needs to continually improve its delivery process, and according to a new SEC filing, it’s following through on that promise.Tesla filed documents with the SEC today to register 49,967 shares of Tesla common stock. The shares carry a value of approximately $14 million ($13,843,346.35 if you dig precision). The money is being used to bolster the delivery side of its sales operations.”Tesla agreed to issue shares of Tesla’s common stock in connection with its acquisition of certain car-hauling trucks and trailers from Central Valley Auto Transport, Inc., an automotive transport provider,” the automaker wrote in its SEC filing. The filing states the company made this move in order to “increase its vehicle transport capacity, reduce vehicle transportation time, and improve the timeliness of scheduled deliveries.” Tesla did not immediately return a request for further comment.Enlarge ImageTesla has been very cagey when it comes to discussing specifics of its delivery logistics. Smith Collection/Gado/Getty Images A quick trip to Central Valley Auto Transport’s website shows that the company specializes in the usual type of vehicle delivery trucks you see patrolling streets across America. It has a three-figure fleet of carriers that can accommodate between one and nine vehicles.This filing provides a bit more information than previous comments regarding boosting its delivery capacity. Last November, CEO Elon Musk tweeted that Tesla “just acquired trucking capacity” to ensure it could deliver as many Model 3 EVs as possible ahead of a federal tax incentive reduction. At that time, the automaker declined to discuss specifics. It also played into Tesla’s strategy to reduce reliance on train-based car transport, which, according to Musk’s tweets, can take longer to deliver vehicles to far-off corners of the US than trucks can.Tesla said in its fourth-quarter earnings call that it hopes to deliver between 360,000 and 400,000 Tesla vehicles in 2019, a 45-to-65-percent increase from 2018. Scooping up trucks like those from Central Valley Auto Transport should help it reach that goal.(Hat tip to Electrek!) Post a comment 2020 BMW M340i review: A dash of M makes everything better Share your voice Elon Musk Teslalast_img read more

Buffalo farms at the sand bars of Meghna

first_imgBuffalo farms have been set up at Dakshin Kodalpur of Gosairhat upazila of Shariatpur. Photo: Prothom AloTwo buffalo farms have been set up at the sand bars of Meghna river at Gosairhat upazila of Shariatpur.The vast pastures there offer an ideal place for raising cattle and a new opportunity has emerged.About 800 buffaloes are now being raised at the farms in Dakshin Kodalpur area of Kodalpur union in the upazila.Earlier, the local farmers raised only cows and goats at Shariatpur. The total number of cattle is about 400,000 in the region, district veterinary office and local sources said.Last year for the first time, a group of farm owners from Lakshmipur district built two farms along the sand bars.District livestock department official, Subodh Kumar Das, said the Padma and the Meghna, two big rivers, flow through Shariatpur district.He said there are at least 25 sand bars at different places of the rivers and there are several thousand pastures in those areas.The livestock official said pastures are ideal grazing grounds for the buffaloes and they can be raised in low cost.Subodh Kumar Das said the livestock department will give all sorts of assistance to raise buffaloes.Akub Ali from Saheber Char of Lakshmipur set up a farm with 450 buffaloes last year. Some 70 buffaloes are now producing milk which is sold at Tk 100 per kg in Noakhali. “I’ve taken some land of the char (sand bars) on rent for the farm. Local meat traders also buy buffaloes from the farm.””There are many pastures in Shariatpur. It’s profitable to build farms in those areas,” said another farm owner Jakir Hossain while explaining why he set up the farm coming from a long distance of Lakshmipur.“It’s a good initiative. If the local farm owners are proactive, we can assist them,” said Mizanur Rahman, chairman of Kodalpur union.last_img read more

The Latest 2 African American Women Advance in a Runoff For Chicago

first_imgBy The Associated PressCHICAGO (AP) — The Latest on the Chicago mayoral election (all times local):10:20 p.m.Cook County Board President Toni Preckwinkle will face former federal prosecutor Lori Lightfoot in a runoff to become Chicago’s next mayor.The race will guarantee the nation’s third-largest city will be led the next four years by an African-American woman.In this Dec. 9. 2018 file photo, Cook County Board President Toni Preckwinkle speaks during a news conference at the Chicago Teachers Union headquarters in Chicago. Reform has long been a dirty word among Chicago politicians, who have well-known reputations for throwing contracts to favored businesses and dealing in patronage. But after the 2014 murder of a black teenager by a police officer and corruption charges filed against a powerful alderman, the word is now on the lips of the 14 candidates running for mayor. (Colin Boyle/Chicago Sun-Times via AP, File)Preckwinkle was the second highest vote-getter in Tuesday’s field of 14 and advances to an April 2 runoff with top vote-getter Lightfoot. Preckwinkle made a campaign issue out of black teenager Laquan McDonald’s 2014 fatal shooting by a white police officer.She is trying to succeed Mayor Rahm Emanuel, who did not seek re-election.She previously served 19 years on the City Council and was a Chicago Public Schools teacher.___9:45 p.m.Lori Lightfoot, a former federal prosecutor in northern Illinois with no experience running for political office, has come out on top in Chicago’s crowded mayoral race and advances to a runoff.Lightfoot, who could become the first African-American woman to lead the nation’s third-largest city, was the top vote-getter in a field of 14 Tuesday. She advances to a runoff election on April 2 against the candidate with the second-highest vote.In this May 9, 2018 file photo, former Chicago Police Board President Lori Lightfoot announces her bid for mayor of Chicago at the Hyatt Regency Chicago. Reform has long been a dirty word among Chicago politicians, who have well-known reputations for throwing contracts to favored businesses and dealing in patronage. But after the 2014 murder of a black teenager by a police officer and corruption charges filed against a powerful alderman, the word is now on the lips of the 14 candidates running for mayor. (Abel Uribe/Chicago Tribune via AP, File)Lightfoot was an appointee of Mayor Rahm Emanuel’s to two separate policing boards before announcing plans to run against him. He later announced he wouldn’t run for re-election.Lightfoot, the first openly gay female to run for Chicago mayor, has been critical of efforts to reform the Chicago Police Department in the wake of the 2014 fatal shooting of black teenager Laquan McDonald by a white police officer.___7:10 p.m.The polls have closed in Chicago, where voters are choosing the next mayor from a field of 14 candidates promising to steer the city in a new direction.Chicago election officials say turnout for Tuesday’s election has been low despite the record number of candidates seeking to succeed Mayor Rahm Emanuel, who decided against running for a third term.Chicago Board of Election spokesman Jim Allen says the low turnout is surprising considering the race is a hotly contested one, with polls showing at least three candidates with nearly equal support among voters.If none receives more than 50 percent of the vote, the top two vote-getters will face off April 2.___4:30 p.m.Chicago election officials say they are seeing an uptick in the number of people casting ballots in the city’s mayoral race after earlier expressing fears of a record low turnout.Chicago Board of Election spokesman Jim Allen says that while turnout will be low, it may surpass the 33.8 percent turnout during the 2007 election.Allen says turnout reached 26.9 percent of the city’s approximately 1.6 million registered voters by late Tuesday afternoon. He noted the turnout is surprising considering the race is a hotly contested one, with polls showing at least three candidates with near equal support among voters.Fourteen candidates are running to replace Mayor Rahm Emanuel, who isn’t seeking a third term. If none receives more than 50 percent of the vote, the top two vote-getters will face off April 2.___1:30 p.m.Election board officials say Chicago is headed toward possible historic low turnout for its mayoral election unless voting picks up in the final hours.Chicago Board of Election spokesman Jim Allen said Tuesday afternoon that if the current pace keeps up the city is “not even going to hit 30 percent.” He says the previous low for a February mayoral election was 33.8 percent in 2007.Fourteen candidates are running to replace Mayor Rahm Emanuel, who isn’t seeking a second term. If none receives more than 50 percent of the vote, the top two vote-getters will face off April 2.Allen says he thinks many voters are undecided and want to hold off “until they know who’s in the runoff, assuming there is a runoff.” He urged people to vote and said, “they don’t want to wake up tomorrow and find out their candidate barely missed making the run off.”___12:05 p.m.Campaign finance records show that the 14 candidates for Chicago mayor raised a total of $28.9 million as of Monday.The Chicago Tribune reports that the top three fundraisers in Tuesday’s election were Bill Daley, Toni Preckwinkle and Gery Chico.Daley by far had the most money with $8.3 million and $2 million of that coming from Citadel Investments CEO Ken Griffin. Preckwinkle, who is the Cook County Board president, raised $4.6 million. Her top donor was the Service Employees International Union with $2.2 million.Attorney Gery Chico came in third with $3.3 million. He was his own top donor, giving $190,000 to his campaign.The candidates are competing to replace Mayor Rahm Emanuel, who is not seeking re-election.It’s likely Tuesday’s vote will lead to a runoff. If none of the candidates receives more than 50 percent of the vote, the top two vote-getters will face off April 2.___10 a.m.Chicago residents are facing a lot of choices as they head to the polls to cast ballots for the city’s next mayor.Voters are choosing from a field of 14 candidates who are all promising to steer the city in a new direction if they’re elected to succeed retiring Mayor Rahm Emanuel.The candidates include community activists, businessmen, former prosecutors and veteran politicians, including two whose fathers also held elective office.Polls opened across the city early Tuesday and will close at 7 p.m. Polling sites include a beauty salon, DePaul University’s Athletic Training Center and park district facilities.Voter Diana Sandoval tells the Chicago Tribune that she lined up before 6:45 a.m. to “make sure my voice counts, hopefully.”If none of the candidates receives more than 50 percent of the vote, the top two vote-getters will face off April 2.___11:20 p.m.Voters are getting a chance to pick Chicago’s next mayor from a field of 14 candidates promising to steer the city in a new direction.Those looking to succeed retiring Mayor Rahm Emanuel include veteran politicians — a couple whose fathers also held elective office — businessmen, former prosecutors and community activists.It’s likely Tuesday’s vote will lead to a runoff. If none of the candidates receives more than 50 percent of the vote, the top two vote-getters will face off April 2.The variety of candidates reflects the many issues facing Chicago’s next mayor: poor neighborhoods in need of investment, overwhelming pension debt, low-performing public schools and a crime rate that is often pointed to as among the nation’s worst.Although a nonpartisan election, most of the candidates have links to the Democratic Party. The Republican Party has virtually disappeared from the city.last_img read more