Wall Street Week: Rattner Says He’s Stunned at GM’s Success

Wall Street Week: Rattner Says He’s Stunned at GM’s Success

Reuters

Tesla's Brandenburg factory becomes festival site for 'Giga-Fest'

From flashing lights and booming speakers to sprawling stages and a Ferris wheel, Tesla's factory near Berlin has been transformed into a festival site for a one-day county fair on Saturday, hosted by CEO Elon Musk. The fair, expected to attract tens of thousands of visitors with Brandenburg locals given priority, will start at 10am and bands and DJs will "keep the party going" late into the night, according to the official event website. While Tesla has repeatedly reminded critics that the site will bring Germany significantly closer to achieving its e-mobility goals, some locals and environmental groups are unhappy with the American CEO's disruptive approach which they say flies in the face of German business culture.

Bloomberg

Tesla’s Texas Move Is Latest Sign of California Losing Tech Grip

(Bloomberg) -- California Governor Gavin Newsom frequently touts that his state is the leader in cutting-edge manufacturing and green technology. Now one of the most recognizable companies in those fields is taking its headquarters elsewhere.Most Read from BloombergNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainBefore Interstates, America Got Around on InterurbansHow Singapore's