Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.
KUALA LUMPUR (May 23): The Barisan Nasional government did not hide RM300 billion in debts or falsify figures, said former prime minister Datuk Seri Najib Razak in a Facebook posting today.
Najib said “not even during Tun Mahathir's previous reign” did the government ever include its contingent obligations as part of the official measurement of government debt.
“I am glad that the Finance Minister has come clean in his statement yesterday that the official federal government debt remains at RM686.8 billion (50.8% of GDP) — not 65% or RM1 trillion as claimed.
Brooklinen, the four-year-old direct-to-consumer luxury bedding startup, is not satisfied with wrapping itself around you as you sleep at night. The brand just launched a line of super plush, dense, 850-gram towels so that it can get up against your skin after your shower. Keeping with the brand’s philosophy of using the best materials on the market, it has used premium combed Turkish cotton from the Aegean, and used a particular method of spinning yard called the Z-twist, which is designed to give the towels a longer lifespan.
[Photo: courtesy of Brooklinen]While competing brands like Parachute, Snowe, and Boll & Branch have been expanding their product ranges beyond bedding, transforming themselves into lifestyle brands. Brooklinen has focused so far on creating a wide range of sheet options, including a popular twill line that is softer against the skin. The brand’s goal, it seems, is to encourage its core demographic of millennials to buy multiple sets of bedding and transforming the sheet into a trend-driven, fashion purchase. But now Brooklinen is moving into other categories, potentially increasing the lifetime value of each customer.
Brooklinen says it is on track to make $100 million in revenue since it launched, which is a 10% year over year growth. A year ago, the brand secured its first-ever VC investment of $10 million in Series A funding, which has helped it scale production and move into this new category.