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

Yo Yo Honey Singhs Gur nalo ishq mitha trends at number 1

first_imgYo Yo Honey SinghYouTube ScreenshotJust 2 days since Yo Yo Honey Singh released his new track ‘Gur nalo ishq mitha’ in collaboration with Punjabi Bhangra singer Malkit Singh, the track has already struck the right chord with the audience and is trending at number 1 on YouTube. It has crossed 13 million views in hardly any time and Honey Singh fans are swooning over it, the world over!’Gur nalo ishq mitha’ is the perfect amalgamation of beats, rhythm, and bhangra, all of which are extremely popular with the audience not just in India but globally. The song is a recreation of an old Punjabi classic, which is made in Yo Yo Honey Singh style and the song is already being deemed as the next Bhangra song, guaranteed to burn the dance floors.As promised by fans before the release of the song, they have already started dancing to the tunes of the songs and making their own choreographies. The song is super colorful and gives a very cool vibe which will get you grooving on hearing it. The original song is choreographed by the very famous Bhangra crew B Funk and is definitely another chartbuster that has got the excitement soaring with its release.Creating so much excitement amongst the fans before the release of each and every song, it is all the more proof that Honey Singh is one of the most popular singers, not just among the youth but also among all the demographics.The year, 2018 has been a rocking year for Yo Yo Honey Singh as he has delivered many chartbusters namely, Dil Chori and Chote Chote Peg, This Party Is Over Now, Rangtaari to Shahid Kapoor-Kiara Advani, featuring single Urvashi Rautela. Yo Yo Honey Singh has conquered the Indian music industry with his exceptional music and inimitable style. The singing sensation has cast his magic spell all over again on the hearts of his fans and the fans are eagerly awaiting the release of his next with even 2019 being a year if hits and glitz.Yo Yo Honey Singh has many projects lined up along with his new track and with this new track coming back, the audience is even more excited for his upcoming rhythmic line-up. From movies to singles, Yo Yo’s each number goes on to be a chart buster of all times and the fans cannot wait.last_img read more

College student stabbed dead

first_imgA college student, who was stabbed to death by miscreants at Shobharampur area of the district town on Friday evening, died at Faripur Medical College Hospital early Saturday.The deceased is Solaiman Miah Shimul, 24, a 3rd year student of English department at Govt Rajendra College.“A gang of miscreants numbering 10/12 took Shimul to a garden adjacent to Shobharapur Bazar and stabbed him indiscriminately, leaving him critically injured,” said Kotwali police station officer-in-charge Bipul Chandra Dey.Shimul was taken to the hospital where he succumbed to his injuries early in the morning, OC Bipul added.last_img

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

Bengal receives investment proposals worth Rs 284 lakh crore at BGBS 2019

first_imgKolkata: Chief Minister Mamata Banerjee announced on Friday that the state has secured investment proposals worth Rs 2.84 lakh crore in the Bengal Global Business Summit 2019, which is expected to create 8 to 10 lakh jobs in the state.”We have received proposals worth Rs 2,84,288 crore. This is the achievement of BGBS. Investment means business and business means creation of jobs. Whatever investment proposals we have received, will create an additional 8 to 10 lakh jobs in the state,” said Banerjee while speaking at the concluding session of the fifth edition of the two-day summit. Last year, the state had received investment proposals worth Rs 2,19,925 crore. Also Read – Bose & Gandhi: More similar than apart, says Sugata Bose”86 Memorandums of Understanding (MoUs) were signed, 45 business to consumer (B2C) and 1,200 business to business (B2B) meetings were held in these two days. Don’t you think it is a remarkable success? This itself proves the credibility, accountability and sincerity of the participants and the state government,” she said, reiterating that India should tread the path of Bengal in near future. “We don’t allow strikes, suspension of work and workers’ unrest. Our workers are our assets. We have talented youths. Our focus is always on creating more jobs,” she asserted. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata”It is because of you (delegates) that Bengal has successfully organised the conference. No state in India can do the same like this. With our initiatives and vision, we prove that Bengal is not only the best but also the destination of investments for near future,” Banerjee added. She reiterated that while India has lost 2 crore jobs in 2018 due to demonetisation and hasty implementation of Goods and Service Tax (GST), Bengal has reduced unemployment by 40 percent. The Chief Minister also announced that the state has already added another 100 acres in the Silicon Valley Hub in New Town, in order to accommodate a host of IT firms and academic institutes, namely Capgemini, Tech Mahindra, ISI, Society for Applied Microwave Research and others. The total area of the Silicon Valley will thus be 200 acres. Later, while addressing a Press conference, state Finance and Industry minister Amit Mitra said that 40 percent of the cumulative investment proposals received in the last four summits have been fructified. A report in this regard has been submitted to the Assembly, he said. The state government has also decided that the IT companies of Bantala that are eager to shift to Silicon Valley can do so. “The move will lead to a huge scope for employment in the IT sector,” said Mitra who is also the IT minister. An additional 70 acres has been added in the Bantala Leather Complex to accommodate tanneries from Kanpur and Chennai. The complex currently employs a workforce of 1.2 lakh and with the additional units, it will employ an additional two lakh people. According to Mitra, 51 delegates from UK, 63 from the Republic of Korea, 28 from Italy, 35 from Germany, 35 from Poland, 47 from Japan and 26 from USA participated in the summit. Two apps were launched on the occasion, namely the Shipadisha app for addressing grievances of industrialists and Export Facilitation mobile app for connecting artisans with global exporters. The Chief Minister invited industrialists and overseas delegates to attend the next edition of the global investors’ meet, along with their family members.last_img read more