Germany’s North Rhine-Westphalia could be factory site for Tesla’s Gigafactory

North Rhine-Westphalia, Germany’s most populous state, is a leading destination for Tesla’s Gigafactory in the EU. According to a report from German news daily Rheinische Post citing sources familiar with the matter at hand, U.S. electric carmaker Tesla is scouting for a location for a factory in the German state of North Rhine-Westphalia (NRW). According…

Volkswagen not interested in acquiring stake in Tesla: Herbert Diess

Potential headwinds include getting the consent of Volkswagen’s controlling Piech and Porsche families to fund the purchase of the stake. Denying a media report, which stated Volkswagen’s CEO Herbert Diess as wanting to purchase a stake in Tesla, the German carmaker stated, it was not interested in doing so. “The speculation about buying a stake…

SpaceX’s Falcon Heavy places Arabsat-6A communications satellite into space

The launch demonstrates SpaceX’s capability as well as Elon Musk’s entrepreneurial acumen. It will go a long way to garner lucrative satellite launch of military satellites, worth billions of dollars. In a significant development, SpaceX’s Falcon Heavy, the most powerful operational rocket in the world, lifted off from Florida in a key demonstration of Elon…