Texas

Tesla’s Texas, Berlin factories ‘losing billions of dollars’

Published

3 years ago

June 23, 2022

Tesla’s Texas, Berlin factories ‘losing billions of dollars’

A scarcity of batteries and China COVID curbs have left the EV maker struggling to ramp up manufacturing, Elon Musk stated.

Tesla Inc’s new automotive factories in Texas and Berlin are “shedding billions of {dollars}” as they battle to extend manufacturing due to a scarcity of batteries and China port points, Chief Govt Elon Musk has stated in an interview.

“Each Berlin and Austin factories are gigantic cash furnaces proper now. Okay? It’s actually like an enormous roaring sound, which is the sound of cash on hearth,” Musk stated in an interview with Tesla Homeowners of Silicon Valley, an official Tesla-recognised membership, in Austin, Texas, on Might 31.

The membership divided its interview with Musk into three components, the final of which was launched on Wednesday.

Musk stated Tesla’s Texas manufacturing unit produces a “tiny” variety of vehicles due to challenges in boosting manufacturing of its new “4680” batteries and as instruments to make its typical 2170 batteries are “caught in port in China.” He added, “That is all going to get mounted actual quick, however it requires lots of consideration.”

He stated its Berlin manufacturing unit is in a “barely higher place” as a result of it began with utilizing the normal 2170 batteries for vehicles constructed there.

In search of ‘to not go bankrupt’

He stated the COVID-19-related shutdowns in Shanghai “have been very, very tough.” The shutdown affected automotive manufacturing not solely at Tesla’s Shanghai manufacturing unit, but in addition at its California plant, which makes use of some automobile components made in China, he stated.

Tesla plans to droop most manufacturing at its Shanghai plant within the first two weeks of July to work on an improve of the positioning to spice up output, based on an inner memo seen by Reuters.

“The previous two years have been an absolute nightmare of provide chain interruptions, one factor after one other, and we’re not out of it but,” Musk stated.

Tesla’s overwhelming concern, he stated, is “How will we maintain the factories working so we are able to pay individuals and never go bankrupt?”

Musk stated early this month he had a “tremendous unhealthy feeling” in regards to the financial system and that the corporate wanted to chop employees by about 10 p.c and “pause all hiring worldwide.” Earlier this week, he stated a ten p.c reduce in salaried employees at Tesla will happen over three months.

Tesla earlier this 12 months began manufacturing on the factories in Berlin and Texas, each of that are crucial to the expansion ambitions of the highest electrical automotive maker.

Musk stated he anticipated Tesla would begin manufacturing of its Cybertruck electrical pick-up vans, which has been delayed, in mid-2023.

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Texas

Dinner at Dallas restaurant becomes holiday tradition for North Texas families

Published

6 hours ago

December 26, 2024

Press Room

Dinner at Dallas restaurant becomes holiday tradition for North Texas families

Holiday traditions run the gamut in North Texas. For some, it means a yearly dinner at a popular Dallas Chinese restaurant. But not just any dinner. These are gatherings reserved months in advance. And Wednesday’s festivities just happened to fall on Christmas day and the start of Hanukkah.

Ask April Kao when they plan to close the Royal China restaurant for the night, and she’ll tell you simply whenever the last person leaves. It’s what she’s grown accustomed to. When the hustle and bustle of the holiday season, with all its excitement and frenzy, comes breezing through the front door of the Royal China restaurant off Preston Road and Royal Lane.

Kao and her husband George, both owners of the restaurant, said opening on December 25 was never part of the original business plan.

“We didn’t used to open on Christmas day,” she said. “And in 2008 after the renovation, people begged and begged, ‘Please you have to open.’”

So, they did, and there’s been a massive turnout ever since. People from surrounding neighborhoods in North Dallas and people from different faith communities rely on Royal China.

“Before we open the door, we have lines outside and it’s getting busier and busier. So we take reservations a year before,” Kao said.

One Dallas family made reservations during the summer just to be sure their 15-year tradition wouldn’t miss a beat.

“My son-in-law, Berry, was the one who first suggested that we come to a Chinese restaurant on Christmas day,” said Lynn Harnden. “And we make our reservations like in July to be sure to come.”

As the years pass, seats are added to the reservation. This year, the Hardens occupied two tables with seventeen guests.

As for upholding family traditions, the Kaos have their own wall of memories at the restaurant. It’s a reminder of how far they’ve come from 1974, when George Kao’s father came from Taiwan with a dream and a plan.

“He is very proud,” he said. “He would smile. He’s smiling from above.”

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Texas

Pleasant Christmas weather for North Texas before storms return Thursday

Published

18 hours ago

December 25, 2024

Press Room

Pleasant Christmas weather for North Texas before storms return Thursday – CBS Texas

Watch CBS News

First Alert meteorologist Brittany Rainey has the latest forecast.

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Texas

Texas A&M vs. USC Prediction, Odds, Picks – December 27, 2024

Published

1 day ago

December 25, 2024

Press Room

Texas A&M vs. USC Prediction, Odds, Picks – December 27, 2024

Data Skrive

The Las Vegas Bowl features a battle between the Texas A&M Aggies (who are 3.5-point favorites) and the USC Trojans on December 27, 2024 at 10:30 p.m. ET on ESPN. The over/under is set at 52.

Facing the Texas Longhorns in their most recent game, the Aggies lost 17-7. Last time out, the Trojans fell to the Notre Dame Fighting Irish, with 49-35 being the final score.

Keep up with college football all season on FOX Sports.

Joel Klatt explains how ‘USC is spiraling and in trouble’ | The Herd

FOX Sports’ Joel Klatt joins Colin Cowherd to discuss USC losing 19 players to the transfer portal and why it is troubling.

Texas A&M vs. USC Game Information & Odds

When: Friday, December 27, 2024 at 10:30 p.m. ET
Location: Allegiant Stadium in Paradise, Nevada
TV: ESPN
Live Box Score on FOX Sports

More College Football Predictions

Texas A&M vs USC Betting Information updated as of December 25, 2024, 2:45 a.m. ET.
Favorite	Spread (Odds)	Favorite Moneyline	Underdog Moneyline	Total	Over Moneyline	Under Moneyline
Texas A&M	-3.5 (-111)	-180	+149	52	-109	-111

Texas A&M vs. USC Prediction

Pick ATS:
Texas A&M (-3.5)
Pick OU: Under (52)
Prediction: Texas A&M 28, USC 24

Predictions are made by the Data Skrive betting model.

Learn more about the Texas A&M Aggies vs. the USC Trojans game on FOX Sports!

Texas A&M vs. USC Betting Insights

Per the spread and over/under, the implied score for the tilt is Aggies 28, Trojans 24.
The Aggies have a 64.3% chance to claim victory in this meeting per the moneyline’s implied probability. The Trojans hold a 40.2% implied probability.
Texas A&M has compiled a 3-9-0 record against the spread this season.
USC has put together a 7-5-0 record against the spread this season.

Texas A&M vs. USC: 2024 Stats Comparison

	Texas A&M	USC
Off. Points per Game (Rank)	30.3 (52)	29.8 (55)
Def. Points per Game (Rank)	21.2 (23)	23.5 (47)
Turnovers Allowed (Rank)	13 (28)	18 (71)
Turnovers Forced (Rank)	17 (61)	16 (69)

Texas A&M 2024 Key Players

Name	Position	Stats
Marcel Reed	QB	1,572 YDS (61.1%) / 12 TD / 4 INT 501 RUSH YDS / 6 RUSH TD / 45.5 RUSH YPG
Le’Veon Moss	RB	769 YDS / 10 TD / 85.4 YPG / 6.4 YPC 10 REC / 141 REC YDS / 0 REC TD / 17.6 REC YPG
Amari Daniels	RB	661 YDS / 8 TD / 55.1 YPG / 4.8 YPC
Noah Thomas	WR	34 REC / 545 YDS / 6 TD / 45.4 YPG
Taurean York	LB	57 TKL / 6 TFL / 2.5 SACK / 1 INT
Nic Scourton	DL	29 TKL / 11 TFL / 4 SACK
Will Lee III	DB	37 TKL / 0 TFL / 2 INT / 2 PD
Dalton Brooks	DB	44 TKL / 5 TFL / 1 SACK

USC 2024 Key Players

Name	Position	Stats
Jo’Quavious Marks	RB	1,133 YDS / 9 TD / 94.4 YPG / 5.7 YPC 47 REC / 321 REC YDS / 0 REC TD / 29.2 REC YPG
Miller Moss	QB	2,555 YDS (64.4%) / 18 TD / 9 INT -18 RUSH YDS / 2 RUSH TD / -2 RUSH YPG
Ja’Kobi Lane	WR	36 REC / 398 YDS / 9 TD / 36.2 YPG
Jayden Maiava	QB	906 YDS (61.2%) / 7 TD / 2 INT 49 RUSH YDS / 4 RUSH TD / 5.4 RUSH YPG
Easton Mascarenas	LB	84 TKL / 4 TFL / 3 SACK / 2 INT
Kamari Ramsey	DB	44 TKL / 4 TFL / 2 SACK
Mason Cobb	LB	61 TKL / 2 TFL / 2 INT / 2 PD
Jaylin Smith	DB	49 TKL / 3 TFL / 2 INT / 2 PD