Tech

Tesla said to be in talks to create its own streaming music service

 Tesla might be a music service operator soon, in addition to a maker of electric cars and solar energy products. That’s according to a new report from Recode, which says that Tesla has been talking to music labels to make this happen.
The planned offering could start with a free, Pandora-like streaming radio option, which theoretically would be tied to Tesla vehicle ownership, one imagines. Read More

Lifestyle

Significant Digits For Thursday, June 22, 2017

You’re reading Significant Digits, a daily digest of the numbers tucked inside the news. 5 Uber founder Travis Kalanick stepped down as the CEO of the troubled ride-hailing company Tuesday after five major investors in the company called for his resignation. [The New York Times] 10 percent stake The Wall Street Journal fired its chief […]

Food

An Alcoholic Slushie You’ll Have Fun Making This Weekend

There is another way to enjoy wine aside from the usual sangria. Some time last year, people started doing wine slushies, the most popular being “frosé” or frozen rosé. It’s similar to the wine frappuccinos in Starbucks Japan, and adds a freshness to the beverage. You can make any kind of wine into slush and […]

The post An Alcoholic Slushie You’ll Have Fun Making This Weekend appeared first on Preen.

Art

70+ Of The Most Annoying Little Things That Will Infuriate You

There’s undoubtedly something about broken patterns, messy alignments, and other flawed elements that bothers us. Even if you don’t consider yourself a perfectionist, your brain is programmed to prefer things in a nice order, and everything else may fall in the “annoying” category.
Don’t believe me? Bored Panda has put together a list of pics to prove just how annoyed you could get in everyday situations.

Travel

10 top tips from our Los Angeles correspondent

Stars in the sky and on the silver screen, trips to the beach and a cemetery, plus a stroll with a local actor who calls himself ‘the people walker’ … LA delivers the goods for our west coast writer

Watch a movie at the Aero in Santa Monica, or the Egyptian in Hollywood: both are part of AmericanCinematheque, a not-for-profit organisation dedicated to promoting “America’s indigenous art form – the moving picture”. It has an old-style ambience and eclectic choices, and after screenings there are often Q&As with the films’ directors and stars. You can see top talent, especially in autumn – the run-up to awards season – when Oscar hopefuls come out to lobby.
americancinematheque.com

Continue reading…

Business

How a Chinese factory could drive demand for Tesla vehicles far higher

Tesla FactoryBenjamin Zhang/Business Insider

Electric-car maker Tesla may be close to making the final arrangements with the city of Shanghai for a car factory in the Chinese market, Bloomberg reported on Tuesday.

An agreement with the city could be official as early as this week, Bloomberg said, citing “people familiar with the matter.”

Making vehicles in China could help Tesla significantly. Here’s why.

Eliminating tariffs

Tesla CEO Elon Musk has been vocal about the company’s plans to eventually launch a factory in the important market for some time now. For instance, in an October 2015 tweet, Musk said a China factory could come as soon as 2018. He has emphasized on several occasions that the China-based factory would be built for local demand.

Building and delivering cars in China comes with a key advantage — one that Tesla will probably take full advantage of: By building vehicles locally, Tesla can forgo a 25% import tariff. However, investors shouldn’t expect this benefit to flow directly to the electric-car maker’s bottom line. Hungry for sales growth and market share, Tesla will instead probably reduce the price of its locally built vehicles in proportion to its tariff savings.

Tesla disclosed its pricing policy for global markets in a 2014 blog post called “A Fair Price.” In the post, Tesla emphasized that it will never try to bank on higher profit margin in some markets just because it’s possible. Instead, Tesla said for any given market outside the US, it will price its vehicles the same as they’re priced in the US, “adding only unavoidable taxes, customs duties, and transportation costs.”

Tesla’s pricing strategy for the Chinese market is unconventional. Many automakers mark up their vehicles’ prices beyond incremental fees for operating in China, raking in a higher profit per car.

tesla chinaNg Han Guan/AP

Assuming Tesla maintains its existing pricing strategy, a factory in China would allow the company to price its vehicles aggressively in the world’s largest auto market.

And considering a China-based factory will probably be focused primarily on building the company’s upcoming lower-cost, higher-volume Model 3, aggressive pricing on the company’s most affordable vehicle yet could generate surprising local demand.

Why China is key for Tesla

A look at Tesla’s most recent annual 10-K reveals why China is such an important market for the electric-car company. Not only did Tesla’s revenue in China skyrocket during 2016, but it now also represents a sizable portion of overall revenue.

After initial challenges in China, including an overhyped launch that didn’t fully factor in demand from scalpers, and poor communication about Tesla’s plans for a charging infrastructure in the market, Tesla sales in China more than tripled in 2016 as the company doubled down on the market and built out its Supercharger network in the country.

Tesla’s revenue in China in 2014, 2015, and 2016 was $477 million, $319 million, and about $1.1 billion, respectively. Revenue from China in 2016 accounted for about 14% of Tesla’s total revenue, up from about 8% of total revenue in 2015.

By building a local factory and reducing the price of its vehicles to reflect the elimination of import tariffs, Tesla’s sales in China could eventually rival its sales in the United States.

If Tesla really is planning to launch a factory in China soon, it will need to do it through a joint venture to meet China’s requirements for foreign investment to represent no more than 50% interest in any local venture.

Daniel Sparks owns shares of Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.

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Business

Start A Business Built on Passion & Learn How These Women Succeed

Stories of Business Built on Passion Many businesswomen who have grown into successful entrepreneurs started out as women similar to you and me. They pursued their occupation. They went on holiday and spent time with family and friends. Most life-changing, however, was the fact that they were passionate about a particular idea or issue. The stories of these women are remarkable in that each of them uncovered her passion and nurtured the spark that was to grow her brainchild into a business. Business Built on a Passion for Relationships Lori Cheek was a romantic individual in search of her soul mate. She would often see interesting and even alluring strangers as she went about her daily business. In each one of those spottings, she wondered whether she was circumventing her potential soul mate since she had always been taught since she was a child not to speak to strangers. One day she observed her co-worker slickly sliding a dinner invitation to a captivating stranger by writing a message on the back of a business card. This is the idea came to Cheek to start the business she called Cheek’d. The concept involved a card designed somewhat like a business card […]

The post Start A Business Built on Passion & Learn How These Women Succeed appeared first on The New Savvy.