Faraday Future Pins Hope of Beating Tesla on “Extreme” Electric Supercar

A mysterious US-based, Chinese-backed electric car manufacturer has opened up to provide us with a glimpse of its future – a stunning new electric supercar, and an equally impressive new factory complex – as it attempts to position itself above Elon Musk’s Tesla Motors as the premier electric vehicle maker in the world.

Faraday Future, after the showing off its beautiful FFZero1 concept car earlier this year, has unveiled its new factory, which has begun construction in Las Vegas, Nevada, the same state as Telsa’s Gigafactory. The Apex Industrial Park – a 3-million square-foot facility, which will handle the manufacture the company’s series of as-yet-unknown electric car fleet – is due to be completed in 2018, backed by $335 million of incentives from the state of Nevada.

‘”Our aim is to complete a program that would normally take four years and do it in half the time, while still doing it right,” Dag Reckhorn, Faraday Future global manufacturing Vice President, told the Daily Mail.

“We are moving extremely quickly for a project of this size,” Reckhorn added. “We have received tremendous support from local government officials and the community, and look forward to making a significant, positive impact on the local economy.”

Faraday Future revealed its remarkable new concept car, the FFZero1, at CES 2016 back in January, where it earned comparisons to the Batmobile and was described by the company as “the most extreme iteration of what it can build.”

“To be like the Batmobile is not a bad thing right?’ Chief Designer Richard Kim said. ‘If Batman wants to drive this then tell him to come and talk to me.”

Kim revealed that its first production car is being road-tested and will be revealed “very soon”.

Elon Musk’s Hyperloop Coming to Las Vegas Next Year

The first full prototype of Elon Musk’s revolutionary Hyperloop transportation system will begin construction in Las Vegas, Nevada, next year. The test track will be built across a stretch of 50-acres in the Mountain View Industrial Park in the City of North Las Vegas during the first quarter of 2016.

“This decision represents another major milestone in our journey to bring Hyperloop to commercial reality,” Rob Lloyd, CEO of Hyperloop Technologies, said in a press release. “Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast. We are grateful for the support we have received from Governor Sandoval, the Nevada Office of Economic Development and Mayor Lee and his team from the City of North Las Vegas.”

The Hyperloop system propels traincars via magnetics through low-pressure, overground tubes. The first Hyperloop track was initially expected to start construction in California last month, the first part of a proposed Los Angeles to San Francisco track, but that appears to have been delayed for the time being. Instead, Nevada will play host to a potentially momentous undertaking, which could change the face of public transport forever.

“Hyperloop Tech is a cutting-edge company focused on changing the way the world views transportation, and we could not be more excited about the role the State of Nevada is going to play in this first phase of testing,” Steve Hill, Director of the Governor’s Office of Economic Development, added. “It certainly is thrilling to see how Nevada is becoming a place to research, develop, test, and implement advanced technologies driven by innovation.”

Image courtesy of National Geographic.

First Drone Launched From FAA Test Site Crashes

The first drone to be launched from the FAA’s test facility in Nevada crashed almost immediately. The facility is intended to test drones for their entry into commercial use.

The Magpie UAV did eventually get certification, but the first public demonstration flight of the aircraft crashed with all to see, including the Governor of Nevada himself.

The Nevada Institute for Autonomous Systems has been set up to provide certification to commercial drone operators. It is currently illegal in the US to fly drones for commercial purposes, so this facility has been set up to ensure drone’s airworthiness before they go into service.

I’m pretty sure this demonstration made the facility seem worthwhile.

Source: Gizmodo

Bitcoin Offers Accepted By A Vegas Developer Selling His $7.85 Million Mansion

A developer and casino owner based in Los Vegas is reportedly attempting to sell his 25,000 feet mansion at a $7.85 million and is willing to accept Bitcoin currency as well. The idea apparently comes from his two sons who currently are digital “miners” and deal with the aforementioned currency.

“The advantage is that we’re expanding our market and adding some notoriety,” said Jack Sommer, the developer and casino owner. However, Julian Tosh, a consultant and owner of the marketplace website bitcoinsinvegas.com stated in the “Las Vegas Review-Journal” that using the currency can streamline international business deals: “There are a bunch of people who have bitcoins, and they’re dying for a place to spend it”.

Craig Tann, Sommer’s sales agent, said that Sommer’s mansion would be the first home in southern Nevada tp be marketed formally around bitcoins. But there are also other businesses which accept the currency. For example, a California Lamborhini dealership sold a $103,000 Tesla for 91.4 bitcoins. Also, a Canadian citizen listed his Alberta home for an estimated 480 bitcoins ($405,000 in US dollars).

But there is also a downside to all of this. As Tosh points out, one bitcoin was valued at $10 in January and rose up to over $1,000 in the October-November timeline. However, Friday it was valued at $870, but Bank of America Merrill Lynch speculates the bitcoint to rise again to $1,300, therefore a transaction in bitcoins is very risky. You can win big or you can lose heavily.

Thank you TheStar for providing us with this information
Image courtesy of TheStar