Monday, July 2nd, 2018

Tesla Reaches a Production Milestone

Reuters reported on Sunday that Tesla’s Model 3 electric sedan hit a manufacturing milestone.

The company produced its 5,000th Model 3 to end the second quarter, a goal that was set in January and was deemed impossible by critics of the company.

Juul Labs, an e-cigarette Company, is Reportedly Raising $1.2 Billion

According to Bloomberg, citing sources familiar with the matter, Juul an e-cigarette manufacturer, looks to raise new funds which will value the company at $15 billion.

According to sources familiar with the deal, the San Francisco based company will use the funds for international expansion as it currently operates in the United States and Israel.

Canada Imposes Over $16 Billion in Tariffs
Government Press Release

Canada announced on Friday that it will impose $16.6 billion of imports of steel, aluminum, and other products from the United States.

The tariffs were in effect on Sunday, July 1st.

In 2017, about $14 billion of steel was traded between Canada and the United States.

Smart Luggage Company, Away, Raises $50 Million
Company Press Release

Last week, the company announced that it raised $50 million. The company plans to use the new funds to open new stores and expand the brand.

Away Travel primarily sells its luggage online, however, has physical stores in New York, Los Angeles, San Francisco, and Austin.

The New York-based company was founded in February 2015 and has sold over 500,000 suitcases.

The Los Angeles Lakers Franchise Signs LeBron James
Klutch Sports Group Tweet

Klutch Sports Group, Lebron James’s sports agency, announced on Sunday that he will join the Los Angeles Lakers in a 4-year deal worth $154-million.