Justin Paget Tesla ( TSLA ) is exploring the purchase of solar production equipment valued at about $2.9B from Chinese suppliers, including Suzhou Maxwell Technologies, multiple media sources reported. Several other Chinese companies, including S.C. New Energy Tech and Laplace Renewable, are in discussions with Tesla ( TSLA ) regarding the solar project. Though Suzhou Maxwell has emerged as a lead...
Justin Paget Tesla ( TSLA ) is exploring the purchase of solar production equipment valued at about $2.9B from Chinese suppliers, including Suzhou Maxwell Technologies, multiple media sources reported. Several other Chinese companies, including S.C. New Energy Tech and Laplace Renewable, are in discussions with Tesla ( TSLA ) regarding the solar project. Though Suzhou Maxwell has emerged as a leading contender, and its stock price jumped about 12% on the Chinese stock exchange on Friday. Other names also rose over 7% after the news surfaced. Maxwell—the biggest producer of screen-printing equipment used to make solar cells—has also been seeking regulatory approval from Chinese authorities to export the solar equipment for Tesla’s ( TSLA ) project, according to a report . The companies were told to deliver the equipment before this autumn, a Reuters report added, citing sources familiar with the matter. This aligns with Elon Musk's goal of building 100 GW of solar capacity in the U.S. by 2028, primarily for Tesla ( TSLA ) operations and some SpaceX (SPACEX) needs. Musk said in January that solar power could meet all the electricity needs of the U.S. including the ever-increasing demand from a growing number of data centers. Meanwhile, the U.S. solar market remains heavily shielded by tariffs designed to limit imports of lower-cost panels and cells from China and Southeast Asia, where many Chinese firms maintain production bases. More on Tesla Tesla: Priced For Perfection In An Imperfect Reality Tesla Has Just Shared Game-Changing News (Rating Upgrade) Tesla's Future Bets Are Expensive Dreams Tesla faces deeper U.S. probe over Full Self-Driving safety concerns Musk says Tesla may 'tape out' next-gen AI6 chip in December
Justin Paget Tesla ( TSLA ) is exploring the purchase of solar production equipment valued at about $2.9B from Chinese suppliers, including Suzhou Maxwell Technologies, multiple media sources reported. Several other Chinese companies, including S.C. New Energy Tech and Laplace Renewable, are in discussions with Tesla ( TSLA ) regarding the solar project. Though Suzhou Maxwell has emerged as a lead...
Justin Paget Tesla ( TSLA ) is exploring the purchase of solar production equipment valued at about $2.9B from Chinese suppliers, including Suzhou Maxwell Technologies, multiple media sources reported. Several other Chinese companies, including S.C. New Energy Tech and Laplace Renewable, are in discussions with Tesla ( TSLA ) regarding the solar project. Though Suzhou Maxwell has emerged as a leading contender, and its stock price jumped about 12% on the Chinese stock exchange on Friday. Other names also rose over 7% after the news surfaced. Maxwell—the biggest producer of screen-printing equipment used to make solar cells—has also been seeking regulatory approval from Chinese authorities to export the solar equipment for Tesla’s ( TSLA ) project, according to a report . The companies were told to deliver the equipment before this autumn, a Reuters report added, citing sources familiar with the matter. This aligns with Elon Musk's goal of building 100 GW of solar capacity in the U.S. by 2028, primarily for Tesla ( TSLA ) operations and some SpaceX (SPACEX) needs. Musk said in January that solar power could meet all the electricity needs of the U.S. including the ever-increasing demand from a growing number of data centers. Meanwhile, the U.S. solar market remains heavily shielded by tariffs designed to limit imports of lower-cost panels and cells from China and Southeast Asia, where many Chinese firms maintain production bases. More on Tesla Tesla: Priced For Perfection In An Imperfect Reality Tesla Has Just Shared Game-Changing News (Rating Upgrade) Tesla's Future Bets Are Expensive Dreams Tesla faces deeper U.S. probe over Full Self-Driving safety concerns Musk says Tesla may 'tape out' next-gen AI6 chip in December
FCC approves merger of local television owners Nexstar and Tegna as two lawsuits seek to block it toggle caption Yuki Iwamura/AP The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced. Nexstar said last August that it would buy Tegna for ...
FCC approves merger of local television owners Nexstar and Tegna as two lawsuits seek to block it toggle caption Yuki Iwamura/AP The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced. Nexstar said last August that it would buy Tegna for $6.2 billion. The deal would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of ABC, CBS, Fox and NBC. FCC Chairman Brendan Carr said the company had agreed to divest itself of six of those stations. The deal needed the approval of the Republican Trump administration's FCC because the government had to waive rules that limit how many local stations that one company can own. Nexstar said it had also received approval from the Justice Department, but attempts to independently confirm that were not immediately successful Thursday. Sponsor Message "We are grateful to President Trump, Chairman Carr and the DOJ for recognizing the dynamic forces shaping the media landscape and allowing this transaction to move forward," said Perry Sook, Nexstar's chairman and CEO. Attorneys general in eight states and DirecTV filed lawsuits with the U.S. District Court in Sacramento, California, seeking to block the merger. The lawsuits make similar arguments that the deal will lead to higher prices for consumers and stifle local journalism. The action was filed by the top lawyers in California, Colorado, Connecticut, Illinois, New York, North Carolina, Oregon and Virginia — all of them Democrats. "If this merger moves forward, cable prices will spike for consumers in New York and across the country," said Letitia James, New York attorney general, on Thursday. The state lawyers argued the merger would run afoul of federal laws designed to protect against monopolies. Similarly, DirecTV predicted the deal would allow Nexsta...
Hong Kong should review its crane safety guidelines to include mandatory testing for metal fatigue, an industry expert has said after the city recorded another fatal case involving a collapse. An operator was killed on Thursday afternoon when a tower crane fell at a construction site for the second phase of a public housing project on Tai Wo Hau Road, toppling onto a slope opposite Pik Kwai House ...
Hong Kong should review its crane safety guidelines to include mandatory testing for metal fatigue, an industry expert has said after the city recorded another fatal case involving a collapse. An operator was killed on Thursday afternoon when a tower crane fell at a construction site for the second phase of a public housing project on Tai Wo Hau Road, toppling onto a slope opposite Pik Kwai House at Kwai Chung Estate. The project’s main contractor, Woon Lee Construction, was previously fined by authorities over two fatal incidents at its sites in 2009 and 2011. Advertisement Chau Sze-kit, chairman of the Hong Kong Construction Industry Employees General Union, warned on Friday that the current mechanical inspections were insufficient. Chau said it was his understanding that the tower crane had undergone a thorough inspection earlier this month and was subject to regular daily checks. Advertisement “However, the checks were primarily visual inspection or mechanical tests of cables, and they did not cover metal fatigue. It remains to be seen whether the current inspection scope is sufficient,” he said. Chau said the crane at the site had only been in use for two to three years.
Canva is gearing up for a public debut next year, aiming for a 2027 IPO as it increases investment in artificial intelligence features for its design software, The Information reported, adding that the delay reflects a strategic move amid market uncertainty. The company boasts $4 billion in annualized revenue and consistent profitability. Canva is facing rising concerns over AI disruption, as tool...
Canva is gearing up for a public debut next year, aiming for a 2027 IPO as it increases investment in artificial intelligence features for its design software, The Information reported, adding that the delay reflects a strategic move amid market uncertainty. The company boasts $4 billion in annualized revenue and consistent profitability. Canva is facing rising concerns over AI disruption, as tools from companies like OpenAI could potentially replace traditional design software. More on markets, Calamos Long/Short Equity & Dynamic Income Trust Commentary Q4 2025 Commentary Invesco Convertible Securities Fund Q4 2025 Commentary Yiren Digital Ltd. 2025 Q4 - Results - Earnings Call Presentation China's PBOC kept its key lending rates unchanged Asian markets mixed after oil prices ease