Afternoon Coffee: Tesla Mulls European Factory, Team of Almond Suppliers Back Blockchain Experiment

Africa Studio/Adobe Stock

Tesla is exploring the possibility of building a major factory in Europe, expanding its production base — and it supply chain — beyond California and a planned China facility, The Wall Street Journal reports. Authorities in Germany and the Netherlands are initiating talks with the electric car maker, and the eventual site winner could get a Gigafactory of its own to produce both vehicles and batteries under one roof.

Almond Blockchain 

An Australian bank and five major almond supplier have built a blockchain to trade and track 17 tons of the commodity, according to CIO.com. The platform stores shipping container information, as well as completes tasks and shipping documents, using a purpose-built system. The blockchain is complemented by IoT devices that monitor humidity and temperature levels inside the shipping containers. 

BMW's Tariff Woes

The ongoing U.S.-China trade war is hampering BMW’s efforts to sell its U.S.-made cars in China, Nikkei Asian Review reports. Higher import duties have forced the German automaker to raise prices for its X5 and X6 luxury sport utility vehicles. The price of the X5's base model rose roughly 4% to about 730,000 yuan ($107,000) and the X6 jumped around 7% to about 830,000 yuan.

Eurozone Growth

And finally, an economic update: The eurozone’s growth rate slowed in the second quarter, falling to 0.3% rate of expansion from 0.4% in the previous quarter, the Washington Post reports. Exports dropped alongside business confidence as the effects of tit-for-tat tariffs between the U.S. and the E.U. began to show.

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