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Elon Musk hands drivers first Teslas from new German gigafactory

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Elon Musk was cheered as he oversaw the handover of Tesla’s (TSLA.O) first German-made cars at its Gruenheide plant on Tuesday, marking the start of the U.S. automaker’s inaugural European hub just two years after it was first announced.

Loud music played as 30 clients and their families got a first glimpse of their shining new vehicles through a glitzy, neon-lit Tesla branded tunnel, clapping and cheering as Tesla Chief Executive Musk danced and joked with fans.

“This is a great day for the factory,” Musk said, describing it as “another step in the direction of a sustainable future”.

Musk said that Tesla is likely to launch a test version of its new “Full Self-Driving” software in Europe, possibly next year depending on regulatory approval.

“It’s quite difficult to do full self-driving in Europe,” he told factory workers on Tuesday, saying much work needs to be done to handle tricky driving situations in Europe where roads vary a lot by country.

Although German Chancellor Olaf Scholz, who also attended the event, lauded the gigafactory as the future of the car industry, it has faced opposition and some environmental activists blocked the factory’s entrance while displaying banners flagging its high water use.

Two protestors abseiled from a motorway sign near the factory, blocking traffic for hours after the event.

Musk had hoped to begin output from the factory eight months ago, but licensing delays and local concerns around the plant’s environmental impact held up the process.

Tesla was forced to service European orders from Shanghai while it awaited its German licence, adding to rising logistics costs at a time when it was struggling with industry-wide chip shortages and other supply chain disruptions.

It got the final go-ahead from local authorities on March 4 to begin production in Germany, provided it met conditions ranging from its water use to air pollution controls.

The plant opening came on the same day as the top U.S. securities regulator urged a federal judge not to let Musk back out of an agreement requiring that his Twitter use be monitored.

Tesla shares ended up 7.9% at their highest level in more than two months on Tuesday.

RACE WITH VW

The new owners received the Model Y Performance configuration, a vehicle costing 63,990 euros ($70,500) with a 514 km (320 miles) range, Tesla said, adding that new orders from the plant could be delivered from April.

Tesla said that around 3,500 of the plant’s expected 12,000 workers have been hired so far.

At full capacity, the plant will produce 500,000 cars a year, more than the 450,000 battery-electric vehicles that German rival Volkswagen (VOWG_p.DE) sold globally in 2021.

It will also eventually generate 50 gigawatt hours (GWh) of battery power, surpassing all other plants in Germany. Tesla is expected to initially import batteries from China for its German-made Model Ys before it starts local battery production.

Musk said on Tuesday that battery production will be a “challenge” next year and will be “the limiting factor” in the coming years, as Tesla aims to aggressively boost vehicle production.

For now, Volkswagen still has the inside track in the race to electrify Europe’s fleet, with a 25% market share to Tesla’s 13%. Musk has said ramping up production would take longer than the two years it took to build the plant.

JPMorgan predicted Gruenheide would produce around 54,000 cars in 2022, increasing to 280,000 in 2023 and 500,000 by 2025.

Volkswagen, which has received 95,000 EV orders in Europe this year, is planning a new 2 billion euro EV factory alongside its existing facility in Wolfsburg and six battery plants across Europe.

But its timeline lags Tesla’s, with the EV factory due to open in 2026 and the first battery plant in 2023.

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NASA set for first crewed moon return in over half a century

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NASA is preparing to launch the first crew of astronauts toward the moon in over 53 years with its second Artemis mission, a key ​test flight in humanity’s broader lunar goals as the U.S. races to reassert leadership in space faced with growing competition from China.

Three U.S. and one Canadian astronaut are due for ‌liftoff aboard NASA’s Orion capsule and Space Launch System rocket on Wednesday for a 10-day test mission swinging around the moon and back, a winding journey taking them deeper into space than humans have ever gone before, Reuters reported.

The mission is the first crewed test flight in NASA’s Artemis program, the flagship U.S. effort to begin regular flights to the moon, at an estimated cost of at least $93 billion since 2012. Not since Apollo 17 in 1972 have humans touched down on the moon’s surface, a ​tricky feat NASA aims to repeat in 2028 at the rugged lunar south pole.

The U.S. is the only country to have put humans on another celestial body with its six lunar landings ​of the Apollo program, driven by competition with the former Soviet Union.

China, a formidable technological rival to the U.S., has made steady progress in its own moon ⁠program in recent years, with a string of robotic lunar landings and a 2030 goal to put its own crew on the surface. U.S. officials have focused on beating China to the surface.

ANSWERING ‘THE QUESTION OF OUR ​LIFETIME’

NASA astronaut Christina Koch, Artemis II mission specialist, on Sunday said the moon is a “witness plate” to the solar system’s formation, and a stepping stone to Mars, “where we might have the most likelihood of finding evidence ​of past life.”

“Many, many countries have recognized the value that there is in exploring further into the solar system, to the moon and on to Mars,” she told reporters. “They recognize that not only can we gain all these extremely tangible benefits, but that we have the opportunity to answer the question that could be the question of our lifetime, which is, are we alone?”

“Answering that question starts at the moon,” she said. “The question is not should we go, but should we lead, or ​should we follow?”

Through a series of increasingly advanced Artemis missions extending into the next decade, the U.S. aims to set precedent for how others will operate and coexist on the moon’s surface, where someday countries and ​companies can exploit rocky lunar resources and practice for much more difficult missions to Mars.

COMMERCIAL LUNAR MARKET

NASA is relying on an array of companies in its moon program with the hope of stimulating a commercial lunar market in the ‌future, the value ⁠of which is hard to estimate, analysts say.

A PricewaterhouseCoopers report from January estimates $127 billion in revenues by 2050 from lunar surface activities, with investments potentially reaching $72 billion to $88 billion through the same period.

But for now, and in the near future, governments will drive companies’ lunar strategies and revenue. It will be a long time before commercial growth exists on the moon independently of government funding, said Akhil Rao, an economist at analysis firm Rational Futures who was a research economist at NASA.

“NASA did not see a short-run economic value that companies would be able to derive that would allow NASA to be hands-off,” said Rao, who was among a team ​of economists and space policy staff laid off last ​year amid the Trump administration’s sweeping federal workforce ⁠cuts.

The Artemis II mission will pose a greater test of NASA’s Orion capsule and SLS, which conducted a similar mission without crew in 2022. The astronauts on board will test critical life-support systems, crew interfaces, navigation and communications before NASA proceeds with more complex missions in the following years.

Liftoff is scheduled for April 1, though ​it could happen any day after until April 6, depending on weather conditions in Florida and any last-minute snags with the rocket. Thereafter, another launch ​window, determined largely by the ⁠orbital mechanics between Earth and the moon, opens on April 30.

Artemis III, the next mission planned for 2027, will involve the Orion capsule docking in Earth’s orbit with NASA’s two lunar landers – the Blue Moon system from Jeff Bezos’ Blue Origin and Starship from Elon Musk’s SpaceX. The delicate tag-up will demonstrate how the landers will pick up astronauts before heading for the moon’s surface.

That mission was added to the program in February by NASA’s new administrator, Jared ⁠Isaacman, a billionaire ​private astronaut who has more broadly shaken up the program with new objectives. His decision pushed the program’s first crewed lunar landing to ​Artemis IV.

The architecture is more complex than the Apollo missions, involving an array of companies funded by NASA with the hope of stimulating private competition and market activity around the moon. Boeing and Northrop Grumman lead SLS and Lockheed Martin builds Orion for NASA.

SpaceX ​and Blue Origin are developing their own landers with NASA funding but under different types of contracts that allow them to offer the spacecraft to other customers.

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Trump administration set to receive $10 billion fee for brokering TikTok deal, WSJ reports

Vice President JD Vance had in ​September said that the new U.S. company will be valued at around $14 billion.

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President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed ​deal to take control of TikTok’s U.S. business, the Wall Street ‌Journal reported on Friday, citing people familiar with the matter.

TikTok’s Chinese owner, ByteDance, in January finalized a deal to establish a majority American-owned joint venture that will secure U.S. ​data, to avoid a U.S. ban on the short video app ​used by over 200 million Americans.

TikTok USDS Joint Venture LLC will ⁠secure U.S. user data, apps and algorithms through data privacy and cybersecurity ​measures. It disclosed few details about the divestiture.

Vice President JD Vance had in ​September said that the new U.S. company will be valued at around $14 billion.

The payment is part of the agreement through which investors friendly with the administration gained control of TikTok’s ​U.S. operations from ByteDance, WSJ said. It is on top of the ​investments already made to establish a new entity to operate the app in the U.S.

Investors ‌Oracle (ORCL.N), ⁠Silver Lake, Abu Dhabi’s MGX and other backers paid about $2.5 billion to the Treasury Department when the deal closed and are to make a number of subsequent payments until the total reaches $10 billion, per the Journal.

TikTok and ​the White House did ​not immediately respond ⁠to Reuters requests for comment.

Officials from the administration have said the fee is justified, citing Trump’s role in rescuing ​TikTok’s U.S. operations and guiding negotiations with China to ​complete the ⁠deal while tackling lawmakers’ concerns over national security, according to WSJ.

Earlier this month, Trump and U.S. Attorney General Pam Bondi were sued by retail investors in two ⁠social ​media rivals of TikTok seeking to reverse the ​U.S. president’s approval of a deal by the company’s Chinese owner ByteDance to form a majority ​American-owned joint venture.

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NASA eyes March 6 launch of astronaut moon mission 

Artemis program managers completed a comprehensive simulation of the Space Launch System’s launch-day countdown, but said remaining work could still push the launch date further into March.

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Last Updated on: February 26, 2026

NASA officials said the agency was targeting March 6 for the launch of four astronauts around the moon and back as part of its Artemis II mission after overcoming rocket-fueling snags in a second key launch rehearsal this week, but cautioned that remaining prep work could warrant more time.

The U.S. space agency on Thursday night capped a nearly 50-hour rehearsal of the Artemis II launch countdown, fueling the rocket with some 730,000 gallons of propellant without running into the pesky hydrogen leaks that hobbled an initial rehearsal last month, officials said during a news conference.

Artemis program managers were elated that the Wet Dress Rehearsal, a comprehensive simulation of the Space Launch System’s launch-day countdown, went smoothly, but said remaining work ahead could still push the launch date further into NASA’s March launch window.

“I felt like last night was a big step in us earning our right to fly. So, felt really good, very proud of the team,” said NASA launch director Charlie Blackwell-Thompson.

Remaining work includes testing the rocket’s flight termination system and conducting a sweeping Flight Readiness Review, a day-long meeting of agency management during which they effectively double-check all rocket hardware and mission procedures before liftoff. – Reuters

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