Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Between the moment you’re reading this and the end of 2018 Tesla needs to come up with about a billion dollars to give to creditors. And right now it doesn’t look like the company has it. So forget the libel lawsuits and the Twitter wars, the SEC investigations and tearful interviews from CEO Elon Musk. Forget the race to 5,000 Model 3s and the “production hell” turned “delivery hell” and all the hours of rework. Try to forget all the drama with hip-hop star Azealia Banks (if you possibly can). Remember instead that Tesla is –…

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China Uncovers 500,000 Food Safety Violations in Nine Months

China Uncovers 500,000 Food Safety Violations in Nine Months

China, rocked in recent years by a series of food safety scandals, uncovered as many as half a million illegal food safety violations in the first three quarters of the year, an official said. Chinese officials have unearthed a series of recent food health scandals, including rice contaminated with heavy metals, the use of recycled “gutter oil” in restaurants as well as the sale of baby formula containing lethal amounts of the industrial chemical melamine in 2008. Bi Jingquan, the head of the China Food and Drug Administration, told the…

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Breathe at Your Peril: Delhi Sees Month’s Worst Air Quality

Breathe at Your Peril: Delhi Sees Month’s Worst Air Quality

With continuous deterioration in its air quality, Delhi on Thursday breathed the most polluted air of the month as the Air Quality Index (AQI) dipped to the season’s threshold at 355 — labelled ‘very poor’. Unlike other two days, Ozone was for the first time in October found a decisive element in the worsening air quality. Beside Delhi, other cities that share the same air-shed or similar climate zone, including Agra, Kanpur and Faridabad, also inhaled an equally bad air quality or even worse. In Kanpur the AQI was 451,…

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Lionel Messi Given 21 Months For Tax Fraud, Likely To Avoid Prison

Lionel Messi Given 21 Months For Tax Fraud, Likely To Avoid Prison

The court found Lionel Messi and his father guilty of three counts of defrauding tax authorities. Madrid: Lionel Messi and his father were sentenced to 21 months in prison for tax fraud by a Barcelona-based court on Wednesday, with both sentences likely to be suspended. The court found the Barcelona star and his father, Jorge Horacio Messi, each guilty of three counts of defrauding tax authorities of 4.1 million euros ($4.6 million). In Spain, sentences of less than two years for first offences are usually suspended, meaning neither man would go…

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Austrian biotech plans Zika vaccine clinical trials in 12 months

Austrian biotech plans Zika vaccine clinical trials in 12 months

An Austrian biotech company working with the Institut Pasteur said on Tuesday it planned to start clinical trials with an experimental Zika vaccine in the next 12 months, marking a further acceleration of research in the field. Themis Bioscience has signed a licence deal with the French research institute giving it extensive rights to the Zika vaccine candidate, which is based on established measles vaccine technology. More than a dozen small biotech firms and other organisations are working on vaccines against mosquito-borne Zika, which has been linked to birth defects…

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Shilpa Shetty lost 21 kgs post-pregnancy in 3 months. right here’s how!

Shilpa Shetty lost 21 kgs post-pregnancy in 3 months. right here’s how!

fantastic, is not it? though the journey to motherhood is most lovely, it also leaves in the back of a few scars, a paunch and few layers of fat. girls benefit around 10-15 kgs post pregnancy because of incorrect ingesting conduct and the dearth of movement. We spoke to the movie star health expert Vinod Channa, who’s behind the diva avatar of Shilpa Shetty, post her pregnancy. Does a girl need to attend to whatever all through her being pregnant for the post pregnancy fitness? yes, one have to take…

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1/2 a million Indians Die Of cancer each 12 months: professionals

1/2 a million Indians Die Of cancer each 12 months: professionals

half a million human beings die of cancer yearly inside the usa due to loss of proper mechanism to perceive the disease and essential medical facilities to treat the terminal illness, V k Subburaj, Secretary branch of pharmaceuticals said. turning in a lecture at CSIR-Indian Institute of Chemical technology here, Subburaj said there are simplest 20,000 beds available for treatment of “psychiatric issues” in opposition to the requirement of 10 million. “each 12 months 1,000,000 most cancers instances are diagnosed. 1/2 of them die even before the disorder is recognized…

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LeEco Eyes FIBP acclaim for Retail shops in next 2-three Months

LeEco Eyes FIBP acclaim for Retail shops in next 2-three Months

chinese language electronics firm LeEco is hopeful of having FIPB approval in two-three months to release its own shops inside the usa, a top reputable stated Tuesday. “We applied for it (permission) about three weeks back. we’ve got had one meeting with the government after that, which has been very fantastic. So, we are hopeful that inside the next two-three months, we need to get it,” LeEco India smart Electronics commercial enterprise leader running Officer Atul Jain instructed PTI in Mumbai. last month, the telephone maker had filed an application…

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SelfDrive.in Plans to Raise $6 Million for Expansion in Next 6 Months

SelfDrive.in Plans to Raise $6 Million for Expansion in Next 6 Months

SelfDrive.in, the Pune-based online self-drive cab operator, is planning to raise $6 million (roughly Rs. 40 crores) from venture capitalists over the next six months to fund expansion into Delhi, Bengaluru and Hyderabad. “We are talking to a couple of venture capitalist funds to raise around $6 million over the next six months as we look to enter Delhi, Hyderabad and Bengaluru,” founder of Pinewoods Service Corporation that owns SelfDrive.in Soham Shah told PTI. Founded as a chauffeur-driven car rental firm in 2005 by his father Shashank Shah, Soham entered…

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