Recently speaking at the Wall Street Journal’s ECO:nomics conference in Santa Barbara, Tesla CEO, Elon Musk, in his typically candid fashion, gave some interesting insight into his company’s Department of Energy Loans and how it was indeed Daimler that saved Tesla, not the government.As a quick side note, if you haven’t seen Chris Paine’s excellent Who Killed the Electric Car?, or his follow up Revenge of the Electric Car, do so now. Both films are a great look into the modern history of the electric car and help give insight into the birth of the current generation of EVs on, or coming to, the market.In Revenge of the Electric Car, a plucky Elon Musk is struggling to keep his company afloat. The young Tesla CEO reveals that in the startup’s early days, he had to wire $3 million of his personal fortune so that the company could pay its employees.Now, in the wake of a $465 million DOE low-interest loan guarantees Tesla received under the government’s … [Read more...] about Elon Musk: Daimler, not the government, saved Tesla
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For three years AT&T has been criticized for their network availability and capacity, particularly from smartphone and AT&T-exclusive iPhone customers. Now, AT&T is offering something of a solution…at least for folks who aren’t looking for an iPhone or Android device and for whom money is no object. AT&T is now offering the TerreStar Genus smartphone, which is a dual mode cellular and satellite phone. When within range of AT&T’s voice and data network, the unit operates like a typical smartphone; outside AT&T’s service area, the device becomes a satellite phone, hooking up with the largest satellite in orbit around the earth to handle voice, messaging, and data needs.“We understand the importance to stay connected in remote locations and especially in emergency situations, and today’s announcement is the latest example of AT&T’s commitment to delivering the highest levels of service, quality, and reliability for … [Read more...] about AT&T TerreStar Genus satellite smartphone looks to the sky
Walmart and Puerto Rico are entering a feud over what the company is calling "onerous and unconstitutional" tax increases. Get the Free Tracker App to find a Nintendo Switch in Stock It was such a dramatic tax increase the Walmart is estimating that they will have to pay nearly 92% of its net income within Puerto Rico in taxes - over three times what Walmart would pay elsewhere. This is due, in part, to the fact that Puerto Rico is extremely short on cash (they are over $70 billion in debt) and has accused Walmart of causing even more problems because it isn't paying its fair share of taxes.Part of the plan to dig their way out of that debt is to double the taxes on big companies like Walmart that get their supplies from off the island. According to CNN Money, the tax only applies to companies that make over $2.75 billion a year."No government should be permitted to drive a company -- the largest private employer -- out of business through a special tax applicable at its highest … [Read more...] about Walmart Vs. Puerto Rico?