While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
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The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.
Earlier this year, Tesla said orders for cars placed by Oct. 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year. From Jan. 1, 2019, the tax credit drops to $3,750.
With only a few days of 2018 remaining, some customers still waiting for their vehicles have used social media to complain about the delays and what they called a lack of communication by the company.
Responding on Saturday to a Twitter user who asked what will happen if cars did not arrive in time, Musk replied: "If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference."
Also on Saturday, Musk said on Twitter that the company should have all orders for the mid-range Model 3 — a mass-market sedan that Tesla hopes is its key to success — delivered by the end of the year.