Tesla liquidating

Written by Auqshnusws NlwwupcwLast edited on 2024-07-07
Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, Californi.

With the rising interest in sustainable energy solutions, many homeowners are considering installing solar panels on their roofs. One of the most talked-about options in this regar... Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5 BILLION of TESLA STOCK (w/plausible excuse for doing it),” Josh Wolfe, co-founder of Lux Capital, tweeted Friday after the announcement ...I’d be a buyer if I could get a Model 3 Performance (with 3.5 sec 0-60 time) for the price of a Chevy Bolt. Electrek – 1 Jun 23 Tesla appears to be liquidating Model 3 ahead of refresh launchA recent study from iSeeCars found that electric cars have an average five-year depreciation rate of 49.1%, compared to an industry average of 38.8%. Tesla's Model 3 does fare the best in resale ...Then they have the free charging for life costs, all those referall costs, etc. - I think Tesla automotive is the most useless part. Tesla brand: If the brand doesn't get even more damaged due to their service hell this one definitely has a lot of value too and could be interesting for another auto manufacturer.You must submit your VIN, odometer mileage, zip code, damage history and photos of your vehicle in the Tesla app to receive a trade-in offer. We’ll email you when your trade-in offer is ready. If you accept the final trade-in offer, you must upload a photo of a valid registration card and your vehicle title. Once your registration and title ...Tesla CEO Elon Musk is the largest shareholder in Tesla. With 715 million shares, Musk holds nearly 23% of all Tesla shares, according to a 13G filing for the period ending Dec. 31, 2023. Musk ...Tesla's drop in profitability is likely due to downward pressure on margins since Tesla began its cost-cutting efforts late in 2022. Tesla reported a Q4 gross margin of 17.6% vs. 18.1% estimated ...Then, late in the evening on Jan. 12, 2023, Tesla published a new price list on its website. There were discounts on every car in the lineup— Model Y crossovers were selling for $53,000, a drop ...Listings on the Hertz site on Thursday ranged from a 2021 Tesla Model 3 Standard Range Plus Sedan with 31,647 miles on its odometer for $20,125 to a 2022 Tesla Model Y Long Range SUV with 92,789 ...T he last several months at Tesla have been rockier than almost any in the company's history, with high-profile recalls, a weak launch for the Cybertruck, and underwhelming sales.Layoffs seemed to ...*After-tax cash inflow expected from liquidation. a. If Project A, which requires an initial investment of −$4,652,000 , is a replacement for Project B and the $1,543,000 initial investment shown for Project B is the after-tax cash inflow expected from liquidating it, what would be the net cash flows for this replacement decision?BOSTON, March 31, 2023 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the "Fund") completed its liquidation today consistent with its Plan of Liquidation previously approved by the ...Use the touchscreen to control many features that, in traditional cars, are controlled using physical buttons (for example, adjusting the cabin heating and air conditioning, headlights, etc.). You also use the touchscreen to control media, navigate, use entertainment features, and customize Model 3 to suit your preferences.Tesla participates in the E-Verify Program.. Tesla is an Equal Opportunity / Affirmative Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other …Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liquidation to over $15 billion so far ...Liquidation Meaning. Liquidation is the shutdown of a business or business segment. The business sells off assets to pay off creditors and other liabilities. After settling all the claims, the residual funds get distributed among the owners, shareholders, and investors. Most businesses wind up due to bankruptcy or …Tesla Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summarized in the following table. (Click on the icon herein order to copy the contents of the data table below into a spreadsheet.) Project A Project B Initial investment −$4,653,000 $1,544,000 * Year.With plenty of news reporting on founder and CEO Elon Musk selling Tesla ( NASDAQ: TSLA) shares the last month, the truth is his rapid liquidation of richly-valued shares may amount to only...Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker. An assembly line at Tesla’s plant in Fremont, Calif., in 2015. In the fourth straight week of …Jul 4, 2023 ... Nikola Corporation is set to begin liquidating ... Nikola Corporation is set to begin liquidating ... In contrast, industry leader Tesla surpassed ... Vote on Tesla’s next Supercharger site. Every 3-month voting cycle, you can cast multiple votes to help us decide on new Supercharger locations. Check the leaderboard to see which proposed locations are most popular. By casting your vote, you agree that Tesla may follow up and contact you regarding Supercharging. Morrill's thread on X — which has a further 861,000 views at the time of writing — stuck to the topic, put context to the video, and tried to explain why Tesla phrased the contest in the ...Jun 2, 2023 · In this week’s episode, we discuss Tesla seemingly liquidating the Model 3, the ID Buzz 3rd row, Jaguar recalling the I-Pace, and more. The show is live every Friday at 4 p.m. ET on Electrek ... You must submit your VIN, odometer mileage, zip code, damage history and photos of your vehicle in the Tesla app to receive a trade-in offer. We’ll email you when your trade-in offer is ready. If you accept the final trade-in offer, you must upload a photo of a valid registration card and your vehicle title. Once your registration and title ...Tesla has informed employees to liquidate Model S and Model X inventory by the end of the month as a significant refresh now seems likely. Model S and Model X Inventory. Electrek has learned from sources familiar with the matter that Tesla has instructed employees to sell all Model S and Model X inventory in stores across all markets.Tesla has increased discounts on Model 3 inventory vehicles in what appears to be an attempt to liquidate the Model 3 ahead of the refresh launch. Last month, we reported that Tesla started to apply a $1,210 discount on new inventory Model 3 vehicles in the US .Lordstown Motors on June 27 filed for Chapter 11 protection in U.S. Bankruptcy Court for the District Delaware seeking to restructure and sell its assets after failing to secure an investment from ...Aug 7, 2018 · 126. Canada. Aug 7, 2018. #1. TL;DR If Tesla goes private, it may inadvertently force a lot of long term shareholders to sell some/all of their position. I've been a believer in Elon and Tesla's mission for over five years now. I can comfortably claim that I am a true long term investor, having slowly (and painfully) accumulated a long position ... Tesla later sold about 10% of its holdings in that first quarter for a profit. ... Tesla was able to successfully liquidate almost $1 billion in bitcoin and thus fared better than simply owning ...The Chapter 7 bankruptcy will allow the company to liquidate its assets and result in one less competitor for Tesla , Ford , Rivian and others in the ever-growing electric vehicle space.: Get the latest Air Liquide prime fidelite stock price and detailed information including news, historical charts and realtime prices. Indices Commodities Currencies StocksLiquidating the assets of a trust after the creator has passed requires a step-by-step process to reduce the risks of legal mistakes or challenges by beneficiaries. You can disburs...Tesla Hong Kong . Kowloonbay International Trade and Exhibition Centre (KITEC) 1 Trademart Drive, Kowloon Bay, Kowloon Hong Kong. Directions. Tesla Japan . 10F, 4-1-13 Toranomon Minato-ku, Tokyo Japan. Directions. Tesla South Korea. 14 FL. 134, Teheran-ro Gangnam-gu, Seoul Republic of Korea. On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla seemingl... A Hertz EV test-drive event in Los Angeles just last July. (Getty Images) Electric vehicles were already considered unappealing by a section of the car-buying public. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, mainly Teslas, for gas-powered cars. Hertz, the largest U.S. fleet operator ofBrendan McDermid/Reuters. CNN —. Hertz, which has made a big push into electric vehicles in recent years, has decided it’s time to cut back. The company will sell off a third of its electric ...I’d be a buyer if I could get a Model 3 Performance (with 3.5 sec 0-60 time) for the price of a Chevy Bolt. Electrek – 1 Jun 23 Tesla appears to be liquidating Model 3 ahead of refresh launchLiquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Our site will be temporarily unavailable during this time. Thank you for your understanding! 2023 RLA Excellence Awards Winner: 'Innovation Solutions Partner' Read the Press Release. Featured Retailers ...May 8, 2020 ... The fear is if it leads him to unload a large number of Tesla shares. “If he is forced to liquidate it, the downward pressure on the stock would ...Finance questions and answers. Replacement versus expansion cash flows Tesla Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summa- rized in the table below P11-2 Project A Project B Initial investment$4,650,000 $1,550,000 Year Operating cash inflows S 560,000 925,000 1,350,000 ...Hertz made headlines in January when it decided to sell off about 20,000 of the 100,000 Teslas, along with some other EVs, it previously ordered. Hertz reported several reasons for the sale, which ...Service. Body Shops. Superchargers. Superchargers Open to Other EVs. Superchargers Open to NACS. Destination Charging. Self-Serve Demo Drive. Delivery Centers. Use the interactive Find Us map to locate Tesla charging stations, service centers, galleries and stores on the go.The following requirements are in place for affected securities: AMC*. Stock: 100% margin requirement for long positions. 200% margin requirement for short positions. Options: Long and covered options positions are permitted. Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.Peerless Inc., a large conglomerate, wants to liquidate its business in certain industries to improve its overall profitability. ... Yet Tesla Motors joined the fray. Rather than attempting to compete head-on with internal combustion engines, Tesla Motors entered the all-electric car segment, a much less crowded niche in the overall car ...The following requirements are in place for affected securities: AMC*. Stock: 100% margin requirement for long positions. 200% margin requirement for short positions. Options: Long and covered options positions are permitted. Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.Justin Sullivan via Getty Images. "Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and …To submit a lease application, follow these steps: Sign in to your Tesla Account. In the ‘Payment Method’ section, view the financing options available to you by selecting ‘Finance.’. Select ‘Lease.’. Select Tesla as your financier and confirm your preferred amount due at signing, monthly payment, preferred lease term and annual ...Jun 26, 2023 · Following a tumultuous 2022, which marked a 65% decline in the stock price due to COVID-related lockdowns in China and Elon Musk's controversial acquisition of Twitter, Tesla has rebounded in a ... In recent years, the demand for solar panels has skyrocketed as more homeowners seek clean and renewable energy solutions. With Tesla’s entry into the solar energy market, their so...117. 7.1K views Streamed 10 months ago. On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this …Tesla cars are made by Tesla Motors, an American company based in Palo Alto, California. Tesla’s Chief Executive Officer and chairman is the billionaire entrepreneur, Elon Musk, wh...Nov 2, 2020 ... ... liquidating it, what would be the net cash flows for this replacement decision? a. Calculate the relevant cash flows for this replacement ...In recent years, the demand for solar panels has skyrocketed as more homeowners seek clean and renewable energy solutions. With Tesla’s entry into the solar energy market, their so...Hertz's Tesla liquidation sale likely means more depreciation for used EVs Elon Musk's pursuit of a 25% stake in Tesla is 'delusional,' longtime shareholder says Tesla Cybertruck tells its owner ...Tesla does not appear to be a bargain, unless we see yet another wave of liquidity flowing into equity markets. Looking for a helping hand in the market? Members …Liquid Nails are a popular construction adhesive brand that can bond almost any type of material together, including wood. However, they have different Expert Advice On Improving Y...There are some sounds your vehicle makes as part of its normal daily operation and are not a cause for concern. Below is a list of possible normal operating sounds your vehicle could make based on where the sound is coming from: Note. Some sounds may be used for multiple purposes. Use the touchscreen to determine the cause of the sound.Aug 10, 2022 · Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liquidation to over $15 billion so far ... “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5 BILLION of TESLA STOCK (w/plausible excuse for doing it),” Josh Wolfe, co-founder of Lux Capital, tweeted Friday after the announcement.Jan 12, 2023 · Summary. Tesla's disastrous performance over the past year has resulted in the company no longer being among the Top 10 largest U.S. public companies. Market commentators remain laser-focused on ... As electric vehicles become more popular, one question that often comes up is the cost of charging them. Specifically, many people are curious about how much it really costs to cha...I’d be a buyer if I could get a Model 3 Performance (with 3.5 sec 0-60 time) for the price of a Chevy Bolt. Electrek – 1 Jun 23 Tesla appears to be liquidating Model 3 ahead of refresh launchLuxury retailer Barneys is liquidating and shuttering all its stores. The Points Guy combed through the sales bins so you don't have to, and rounded up the best travel items you'll...By Lauren Hirsch. Aug. 10, 2022. Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an ...BOSTON, March 31, 2023 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the "Fund") completed its liquidation today consistent with its Plan of Liquidation previously approved by the ...Elon Musk just had his $55.8 billion Tesla pay package voided in a Delaware court ruling. The decision, which Tesla can still appeal, goes beyond just damaging Musk's personal gain. Musk's ...Tesla’s quick ratio has averaged around 1.0X per quarter between 2021 and 2023, suggesting that Tesla’s cash and cash equivalents, and other near-cash assets such as receivables have been …Opening. To open the rear trunk, ensure Model Y is in Park, then do one of the following: Touch the associated Open button on the touchscreen. Double-click the rear trunk button on the key fob. Touch the rear trunk button on the mobile app. Press the switch located under the liftgate 's exterior handle (a valid key must be detected).Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.July 3 (Reuters) - Nikola Corp (NKLA.O) will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company ...With plenty of news reporting on founder and CEO Elon Musk selling Tesla ( NASDAQ: TSLA) shares the last month, the truth is his rapid liquidation of richly-valued …By Jack Ewing. Jan. 11, 2024. The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the …Answered by AccountantVinny. Requirement 9A) Replacement of project B with project A, result in the calculation of the relevant cash flows using incremental cash flows as below: Year project A project B Net cash flow. Initial Investment -$4,650,000 $1,550,000 -$3,100,000. 1 $560,000 $380,000 $180,000 (560000-380000)Jan 16, 2024 · A Hertz EV test-drive event in Los Angeles just last July. (Getty Images) Electric vehicles were already considered unappealing by a section of the car-buying public. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, mainly Teslas, for gas-powered cars. Hertz, the largest U.S. fleet operator of Tesla cars are made by Tesla Motors, an American company based in Palo Alto, California. Tesla’s Chief Executive Officer and chairman is the billionaire entrepreneur, Elon Musk, wh...Answered by AccountantVinny. Requirement 9A) Replacement of project B with project A, result in the calculation of the relevant cash flows using incremental cash flows as below: Year project A project B Net cash flow. Initial Investment -$4,650,000 $1,550,000 -$3,100,000. 1 $560,000 $380,000 $180,000 (560000-380000)Answered by AccountantVinny. Requirement 9A) Replacement of project B with project A, result in the calculation of the relevant cash flows using incremental cash flows as below: Year project A project B Net cash flow. Initial Investment -$4,650,000 $1,550,000 -$3,100,000. 1 $560,000 $380,000 $180,000 (560000-380000)Aug 10, 2022 · Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liquidation to over $15 billion so far ... Tesla CEO Elon Musk followed up on that point during the Q2 2022 earnings call, providing a reason for the sale and revealing that Tesla took a $106 million hit on its Bitcoin liquidation.Planning a trip in your Tesla? Explore locations along your route to charge your electric vehicle and see how our Supercharging network can take you there. Stay charged anywhere you go, with access to our global charging networks. Explore a route and we’ll find the best locations to keep you charged along the way and upon arrival.Tesla is arguably the most volatile stock so far in 2018 but can be traded based upon its daily and weekly charts and key levels. ... and that is to liquidate holdings on strength to my quarterly ...Tesla’s liquidity refers to the company’s ability to meet its short-term obligations and financial commitments using its available assets. This typically …Dual Motor All-Wheel Drive platform has the longest range, and now delivers insane power and acceleration. 3.8 s. 0-60 mph. 335 mi. Range (EPA est.) 670 hp. Peak Power. Model X Plaid. Tri Motor All-Wheel Drive platform with torque vectoring features three independent motors, each with a carbon-sleeved rotor that maintains 1,000+ horsepower all ...Advertisement Coal can be converted to liquid fuel using either direct or indirect liquefaction. Direct liquefaction isn't used in the U.S. because in order to comply with U.S. sta... Jan 27, 2024 · However, Tesla's decision to liquidate a significant portion of its Bitcoin h

Musk currently has pledged 88.3 million Tesla shares, nearly 36.2% of his overall stake (excluding options), as of Wednesday worth more than $94 billion. Musk is one of 32 billionaires identified ...Jan 12, 2023 · Summary. Tesla's disastrous performance over the past year has resulted in the company no longer being among the Top 10 largest U.S. public companies. Market commentators remain laser-focused on ... Expansion versus replacement cash flows Tesla Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summarized in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) *After-tax cash inflow expected from liquidation. a.14 votes, 18 comments. 85K subscribers in the RealTesla community. the home of Tesla discussion for those who haven't drank the Elon-AdeFinance questions and answers. Replacement versus expansion cash flows Tesla Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summa- rized in the table below P11-2 Project A Project B Initial investment$4,650,000 $1,550,000 Year Operating cash inflows S 560,000 925,000 1,350,000 ...Hertz's Tesla liquidation sale likely means more depreciation for used EVs - Autoblog. Autoblog. Followup. Hertz's Tesla liquidation sale likely means more depreciation for used EVs. Some...There are some sounds your vehicle makes as part of its normal daily operation and are not a cause for concern. Below is a list of possible normal operating sounds your vehicle could make based on where the sound is coming from: Note. Some sounds may be used for multiple purposes. Use the touchscreen to determine the cause of the sound.Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00). Fidelity does not impose a charge for accessing Fidelity Mobile®, but you must be enrolled in a data service plan with your carrier.The Pinellas County Board of Adjustment and Appeals has granted conditional approval to a proposed Tesla sales and service facility at an old Kane’s Furniture liquidation store in Lealman. The ...Apr 27, 2018 ... Here is my question: If Elon Musk were to announce tomorrow that Tesla Motors were liquidating, thus changing its balance sheet to fair value ...The Tesla Model Y is the latest electric vehicle from Tesla Motors, and it’s quickly becoming one of the most popular cars on the market. With its sleek design, impressive range, a...Jan 12, 2023 · Summary. Tesla's disastrous performance over the past year has resulted in the company no longer being among the Top 10 largest U.S. public companies. Market commentators remain laser-focused on ... When it comes to your everyday beauty products, you have to be picky – a slightly different production can completely change your look. And as the base of your face, your foundatio...Tesla , of course, has crashed that party, becoming the first startup electric vehicle manufacturer to operate at scale. Related: Ford is taking away a convenient feature because no one uses itSubject to change. Learn about est. gas savings. ⁴ Price before savings is $72,990, excluding taxes and fees. Subject to change. Learn about est. gas savings. Tesla is accelerating the world's transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses.Apr 27, 2018 ... Here is my question: If Elon Musk were to announce tomorrow that Tesla Motors were liquidating, thus changing its balance sheet to fair value ...After announcing big plans to purchase tens of thousands of EVs from Tesla and then Polestar, it's now liquidating a third of that fleet, the company told investors.Then they have the free charging for life costs, all those referall costs, etc. - I think Tesla automotive is the most useless part. Tesla brand: If the brand doesn't get even more damaged due to their service hell this one definitely has a lot of value too and could be interesting for another auto manufacturer.Tesla CEO Elon Musk recently shared a response to news of the upcoming closure of a fund that was, among other things, short TSLA. ... Tidal noted that liquidating and closing the fund would be in ...Tesla Autopilot Probe Escalates With US Regulator’s Data Demands. US traffic safety agency sets July 1 deadline for response. NHTSA opened query into …How Tesla Stock Will Be Impacted: Insider sale typically is a negative for stocks, as investors fear trouble brewing, especially when insiders liquidate in droves.July 3 (Reuters) - Nikola Corp (NKLA.O) will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company ...Tesla appears to be liquidating Model 3 ahead of refresh launchLordstown Motors on June 27 filed for Chapter 11 protection in U.S. Bankruptcy Court for the District Delaware seeking to restructure and sell its assets after failing to secure an investment from ...July 3 (Reuters) - Nikola Corp (NKLA.O) will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company ...Tesla's Q2 2022 earnings report was released on July 20, 2022. Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $902M to $18.9B in Q2, driven ...In an announcement about the change, the firm noted that the GraniteShares board approved the liquidation and closure of the GraniteShares 1x Short TSLA Daily ETF on May 19, 2023. With this in ...Tesla has delivered 908,573 vehicles in 2022, and in the third quarter produced 365,000 vehicles and delivered 343,000 of them. But the automaker will need a strong end-of-year finish to meet its ...Feb 3, 2023 ... ... Tesla would go private led him to liquidate certain positions. U.S. District Judge Edward Chen, who presided over the three-week trial of ...Shareholders who immediately before the first liquidating distribution own 1% or more (by vote or value) of a private corporation, or 5% or more (by vote or value) of a public corporation, must include a statement on or with their tax return. This statement is titled: "Statement pursuant to § 1. 331 - 1 (d) by [insert name and taxpayer ...Nov 2, 2020 ... ... liquidating it, what would be the net cash flows for this replacement decision? a. Calculate the relevant cash flows for this replacement ...Aug 7, 2018 · 126. Canada. Aug 7, 2018. #1. TL;DR If Tesla goes private, it may inadvertently force a lot of long term shareholders to sell some/all of their position. I've been a believer in Elon and Tesla's mission for over five years now. I can comfortably claim that I am a true long term investor, having slowly (and painfully) accumulated a long position ... Is the Tesla Solar Roof worth the investment for your home? Learn everything you need to know about the Tesla Solar Roof with our comparison guide. Expert Advice On Improving Your ...Tesla touts the Cybertruck’s rugged capabilities, but one owner recently discovered that some of the funky EV’s primary off-road functions aren’t ready for primetime. YouTuber VoyageATX ...I’d be a buyer if I could get a Model 3 Performance (with 3.5 sec 0-60 time) for the price of a Chevy Bolt. Electrek – 1 Jun 23 Tesla appears to be liquidating Model 3 ahead of refresh launch The Tesla CEO hinted about his late 2021 sales in a November tweet, and he raised around $8.5 billion in

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