Technology

The President of Indonesia ‘suggested’ that Elon Musk’s Tesla would come to invest

President Joko Widodo wants Tesla and many other electric vehicle manufacturers to choose Indonesia as the location for the production plant. In recent statements, Mr. Widodo emphasized that Tesla will build a true electric vehicle factory in Indonesia. This will help the Southeast Asian country become a major force in the emerging electric vehicle market. […]

Technology

Tesla struggles to ‘find electricity’ in China

The American electric car company is concerned that the operation of the Shanghai Gigafactory will be negatively affected because Sichuan, where its parts supply partners are, is increasing rotational power cuts. Earlier this week, the Shanghai Economic and Information Commission sent a letter asking Sichuan province to prioritize access to power for 16 local suppliers […]

Technology

The technology sector was hit hard by the economic downturn

Falling stocks, failed startups, tech giants previously seemingly untouchable, are reeling from the risk from a gloomy outlook on macroeconomic factors. An economic crisis would have dire consequences for companies and their workforces. “Along with the great recession of 2008-2009 and the dot-com bubble of 2000, this drop will be the three biggest market corrections […]