Elon Musk visits Shanghai to announce first Tesla factory outside U.S.

Right after Tesla raised the prices of its cars by at least $20,000 each due to China's increased import tariffs on American-made cars, the company announced it would open its first international factory in Shanghai today. This will allow the car manufacturer to circumvent the newly imposed taxes.Image: Shanghai Municipal People’s government A looming trade war with China hasn’t slowed down Elon Musk or his beloved brainchild Tesla. Right after the car company was forced to raise the prices of its cars by at least $20,000 each due to China’s…

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Odds and Ends 

The Canvas autonomous cart can ferry goods around chaotic factory floors

Most Econ 101 classes start with an explanation of fixed and marginal cost in the context of factories. The factory is the principal fixed cost expensive and permanent. Canvas wants to smash this assumption of expensive, inflexible, factories by replacing infrastructure with autonomous vehicles. The Boulder-based startup is announcing its first product this morning an autonomous cart designed to shuffle goods around chaotic and unpredictable factory floors. Traditionally, factories install conveyor belts when they want to regularly move goods from one place to another. The problem with this is that,…

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