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Japan considers subsidies for Tesla's EV charging stations, Reuters says

Japan considers subsidies for Tesla's EV charging stations, Reuters says

Japan is considering a plan to offer subsidies for building charging stations for Tesla (TSLA) vehicles in tariff discussions with the U.S., Reuters reports, citing TBS. The Japanese government currently provides subsidies for installing charging stations for EVs for the 'CHAdeMO', but not for Tesla's 'Supercharger.'
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'Just kidding': See what happens when you try to tip Tesla's robotaxi
'Just kidding': See what happens when you try to tip Tesla's robotaxi

Business Insider

time27 minutes ago

  • Business Insider

'Just kidding': See what happens when you try to tip Tesla's robotaxi

Tesla's robotaxi service launched to select users in Austin on Sunday. The service's app includes a prompt for riders to tip their non-human drivers. When riders try to leave a tip, they find out it's a joke. Riders in Tesla 's newly launched robotaxi service might have done a double-take when prompted to leave a tip for their driverless ride. Turns out, it's just a joke. A Sunday post on X, formerly known as Twitter, shows a video of the service's app on a user's smartphone screen after a Tesla robotaxi ride. Besides an option to rate the ride and leave feedback, there's also an option to leave a tip, with a couple of preset amounts similar to what riders might be used to seeing on the apps of Uber and Lyft. When the user tries to leave a tip, though, the text "Just Kidding" and an image of a cyberpunk hedgehog pops up, according to the video. Tesla CEO Elon Musk shared the post on his own X account, adding: "Had to been done lol." Had to been done lol — Elon Musk (@elonmusk) June 22, 2025 Tesla did not immediately respond to a request for comment from Business Insider. Tesla launched its robotaxi service in Austin to select users on Sunday, marking an autonomy milestone for the company after years of delays. While its first rides in the Texas capital weren't driven by humans, Tesla employees rode along in the passenger seats for safety. Driverless taxis could upend the business for millions of human taxi and ride-hailing drivers. And tipping, the subject of Tesla's in-app joke, tends to be one of the most contentious issues between drivers and riders. While most Americans consider tipping to be expected behavior in several situations, such as at restaurants, fewer tip their drivers after taking a ride through a service like Uber or Lyft. One study from data analytics company Gridwise found that only 28% of rides on services like Uber and Lyft during the first five months of 2024 included a tip. Independent contractors who drive for Uber and Lyft, meanwhile, say that tips are an important part of how they make money.

ALTO Real Estate Funds Acquires Prime 24-Acre Industrial Site in Austin's SH-130 Corridor
ALTO Real Estate Funds Acquires Prime 24-Acre Industrial Site in Austin's SH-130 Corridor

Yahoo

time31 minutes ago

  • Yahoo

ALTO Real Estate Funds Acquires Prime 24-Acre Industrial Site in Austin's SH-130 Corridor

Site benefits from direct proximity to major industrial and tech giants, including Tesla, Samsung, and Apple DALLAS, June 23, 2025--(BUSINESS WIRE)--ALTO Real Estate Funds announced the acquisition of a 24-acre industrial site in Northeast Austin's Pflugerville submarket. The site is strategically located at the intersection of Cameron Road and SH-130—America's fastest highway and Austin's most critical logistics artery. This acquisition is the 6th industrial ground-up project and marks a significant milestone in ALTO's continued expansion across the Texas logistics market. The opportunity initially surfaced in mid-2024 and evolved into a structured transaction by year-end. Over the subsequent months, ALTO worked closely with the seller to finalize a complex permitting process that had been underway for nearly two years—highlighting the long and complex entitlement timelines typical of the Austin market. With permits now secured, ALTO plans to break ground in Q3 2025 on two state-of-the-art rear-load industrial buildings, each spanning 126,000 square feet (252,000 SF total). Each facility will feature 32-foot clear heights, 130-foot truck courts, and accommodate up to four tenants per building. The project is strategically positioned within a booming tech and logistics ecosystem: Tesla's Giga Texas – a 10 million SF factory minutes from the site – is undergoing a $770M expansion. Samsung is investing $17B in a semiconductor fab in nearby Taylor as part of a broader $40B+ regional commitment. Apple is constructing a $1B campus in North Austin to house up to 15,000 employees. Amazon continues to expand its logistics network along SH-130. Microsoft is growing its data center and office footprint across the metro. "We're proud to bring this well-located, permit-ready site into ALTO's pipeline and are excited to deliver modern product in one of the fastest-growing logistics corridors in the country." said Iman Haddad, Head of Development, who led the deal. Yaniv Melamud, Co-Founder and CEO, added:"The site's proximity to key infrastructure and global tech giants makes it a highly strategic addition to our portfolio." About ALTO Real Estate FundsALTO Real Estate Funds focuses on investing in and developing logistics centers and open-air shopping centers in high-growth U.S. markets. Over the past 15 years, ALTO has raised approximately $560 million across four funds. To date, the Fund has acquired 79 properties totaling 15 million square feet and valued at $1.8 billion, with 50 successful exits. For more information, visit View source version on Contacts Media : General inquiries: alto@ Iman Hadad, Director, Head of Development: iman@ Sign in to access your portfolio

Home sales sluggish in May as high mortgage rates sideline buyers
Home sales sluggish in May as high mortgage rates sideline buyers

New York Post

time38 minutes ago

  • New York Post

Home sales sluggish in May as high mortgage rates sideline buyers

US existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units, the National Association of Realtors said on Monday. Economists polled by Reuters had forecast home resales falling to a rate of 3.95 million units. The sales pace was the slowest for the month of May since 2009. Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units — the slowest for the month of May since 2009. Christopher Sadowski Sales fell 0.7% on a year-over-year basis in May. 'The relatively subdued sales are largely due to persistently high mortgage rates,' said Lawrence Yun, the NAR's chief economist. 'If mortgage rates decrease in the second half of this year, expect home sales across the country to increase.' The average rate on the popular 30-year fixed-rate mortgage has hovered just under 7% this year. President Trump's aggressive tariffs on imported goods have heightened uncertainty over the economy, which the Federal Reserve has responded to by pausing its interest rate cutting cycle. The central bank last week kept its benchmark overnight interest rate in the 4.25%-4.50% range, where it has been since December. Fed Chair Jerome Powell told reporters he expected 'meaningful' inflation ahead due to the import duties. A National Association of Home Builders survey on Tuesday showed sentiment among single-family homebuilders plummeted to a 2-1/2-year low in June. The NAHB reported an increase in the share of builders cutting prices to lure buyers, and forecast a decline in single-family starts this year. Residential investment, which includes homebuilding and home sales, contracted slightly in the first quarter after rebounding in 2024 following steep declines in the prior two years caused by a surge in mortgage rates. The median existing home price rose 1.3% from a year earlier to $422,800 in May, an all-time high for the month. Christopher Sadowski The inventory of existing homes increased 6.2% to 1.54 million units in May. Supply surged 20.3% from a year ago. The median existing home price rose 1.3% from a year earlier to $422,800 in May, an all-time high for the month. At May's sales pace, it would take 4.6 months to exhaust the current inventory of existing homes, up from 3.8 months a year ago. Start and end your day informed with our newsletters Morning Report and Evening Update: Your source for today's top stories Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters A four-to-seven-month supply is viewed as a healthy balance between supply and demand. Properties typically stayed on the market for 27 days last month compared to 24 days a year ago. First-time buyers accounted for 30% of sales, down from 31% a year ago. Economists and realtors say a 40% share is needed for a robust housing market. All-cash sales constituted 27% of transactions, down from 28% a year ago. Distressed sales, including foreclosures, made up 3% of transactions, up from 2% a year ago.

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