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TESLA IS TAKING RESERVATIONS FOR ITS CYBERTRUCK IN CHINA




Tesla has opened up reservations for its all-electric Cybertruck to customers in China, a move that will test the market’s appetite for a massive, futuristic truck


It’s impossible to predict how many of these reservations — in China and the U.S. — will convert to actual sales.

Tesla has said it will offer three variants of the Cybertruck. The cheapest version, a single motor, and a rear-wheel-drive model will cost $39,900, have a towing capacity of 7,500 pounds, and more than 250 miles of range. The middle version will be a dual-motor all-wheel drive, have a towing capacity of more than 10,000 pounds, and be able to travel more than 300 miles on a single charge. The dual-motor AWD model is priced at $49,900.

The third version will have three electric motors and an all-wheel-drive, a towing capacity of 14,000 pounds, and a battery range of more than 500 miles. This version, known as “tri-motor,” is priced at $69,900.



The UK government to acquire satellite company OneWeb in a deal funded in part by India’s Bharti Global



Distressed satellite constellation operator OneWeb, which had entered bankruptcy protection proceedings at the end of March, has completed a sale process, with a consortium led by the UK Government as the winner. The group, which includes funding from India’s Bharti Global – part of business magnate Sunil Mittal’s Bharti Enterprises – plan to pursue OneWeb’s plans of building out a broadband internets satellite network.


The deal involves both Bharti Global and the UK government putting up around $500 million each, respectively, with the UK taking a 20 percent equity stake in OneWeb, and Bharti supplying the business management and commercial operations for the satellite firm.

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