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Added on the 17/05/2019 06:20:23 - Copyright : Wochit
Tesla’s issues with faulty production and inconsistent quality extend outside the U.S. market: As first reported by Bloomberg, the automaker is set to recall close to 30,000 of its imported Model S and Model X cars from China, citing problems surrounding the vehicle’s suspension systems. Per a statement from China’s State Administration for Market Regulation—a relatively new and broadly empowered agency with functions similar to the SEC, CFTC, FDA, and USPTO in the United States—Tesla’s Beijing branch issued recalls for 29,193 Model X or Model S cars made between September 17th, 2013 and January 15th, 2018. The vehicles built during that roughly four-and-a-half year window may have rolled off the factory line with major suspension defects.
If you've managed to avoid the economic carnage that is America today, Business Insider reports that now is a great time to save. However, financial experts underscore that it's completely fine to put your savings plan to one side if you've been let go or have lost your business. If you can save, examine your budget closely. Can you cut a bit deeper? Renegotiate phone and TV service rates, and shop around for cheaper insurance. While saving 10% of take-home pay is best in normal times, these are clearly not normal times. Now, shoot for 20%. Build an emergency fund first, then automate. Make extra money through side hustles, and see if your employer has a matching program. Good luck!
Images of Tesla chief executive Elon Musk taking his private jet to leave for Shanghai after the Beijing visit during which he has met multiple Chinese government officials. IMAGES
Elon Musk's car leaves a Delaware court after the Tesla tycoon testified in a US trial to defend his $50 billion pay package as CEO of the electric vehicle giant. Musk is being sued, along with Tesla and some board members, by a shareholder who accuses them of improperly signing-off on "the largest compensation package ever awarded to an executive." IMAGES
A car transporting Elon Musk arrives at court in Wilmington, Delaware, where the Tesla CEO is set to testify in a trial over his compensation. IMAGES