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Tesla has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers.Governor Greg Abbott made the announcement on Wednesday. "Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas," said Governor Abbott. "Texas has the best workforce in the nation and we’ve built an economic environment that allows companies like Tesla to innovate and succeed. Tesla’s Gigafactory Texas will keep the Texas economy the strongest in the nation and will create thousands of jobs for hard-working Texans. I look forward to the tremendous benefits that Tesla's investment will bring to Central Texas and to the entire state."The move will generate over billion in capital investment.The company will build on a 2,100-acre tract in Travis County and will get more than million in tax breaks from the county and a local school district. The new factory will build Tesla's upcoming Cybertruck pickup. It also will be a second U.S. factory for the Model Y small SUV. The region that's home to the University of Texas at Austin and tech companies such as Dell Inc., was a candidate all along. But Tulsa, Oklahoma, showed up on the shortlist in mid-May. Tesla doesn't have a lot of time to get the factory running. The company says on its website that the Cybertruck will be available starting late next year. 1431

TEMECULA, Calif. (KGTV) - U.S. Border Patrol agents arrested a man Sunday on suspicion of smuggling more than 143 pounds of methamphetamine on Interstate 15 in Temecula. Agents pulled over the Ford F-150 near the Border Patrol checkpoint at 9:15 p.m. A K-9 unit alerted agents during an exterior search. A secondary inspection led to the discovery of 33 bundles of meth inside the wood paneling, officials said. The drugs had an estimated street value of 0,640. The driver, a 55-year-old U.S. citizen, was arrested at the scene. 539

The 2017 World Series is one for the ages and it seems as though every game was decided by the smallest of margins – that's why one gambler's undefeated record is amazing.The mystery gambler was discovered by Pregame.com's R.J. Bell and Bell has been following his earnings from the start.After Game 5 of the World Series, attention picked up around the large amounts of money the gambler was laying down at sports books. 429

TEMECULA, Calif. (KGTV) -- Border Patrol agents arrested a man Sunday after discovering more than 0,000 worth of drugs hidden inside his SUV. According to Border Patrol, agents spotted a man in a Ford Expedition swerving in and out of lanes on I-15 near Temecula around 11:15 Sunday. A short distance later, agents stopped the man and questioned the driver when the agency says a K-9 alerted agents that there may be drugs inside the vehicle. After a search, agents discovered six bundles of cocaine and two bundles of black tar heroin inside a panel behind the driver’s side rear-quarter panel. Another search at a nearby station revealed eight more bundles of cocaine and two more bundles of the heroin. The value of the cocaine is estimated to have a street value of 4,000 and the heroin’s value is estimated at ,700. The 39-year-old man, who agents say is a U.S. citizen, was arrested for possession of narcotics. Since the beginning of October 2018, agents have seized 865 pounds of cocaine and 2,648 ounces of heroin. 1041

Student loan debt has surpassed trillion. It's expensive to go to school, and loans help many afford higher-education but not all that money may be going toward tuition and books.A survey found that one in five college students are using some of their leftover loan money to dip their toes into virtual currencies like Bitcoin.The mere mention of cryptocurrency is enough to make Loyola University Maryland Assistant Accounting Professor JP Krahel cringe.“Oh, oh boy,” said Krahel with the Sellinger School of Business.Even worse, students are buying into it and they're using student loan money to do so.The allowance meant for living expenses is instead being invested into Bitcoin and Ethereum. The Student Loan Report found that's how 21 percent of current college students are using their excess financial aid money.“Given the unregulated market of cryptocurrency, given what we've already seen, proven volatility, and given the fact that student loan debt is something you can't get rid of in bankruptcy, I personally, without getting too hyperbolic here, I would not do that,” Krahel said.A warning from someone who knows money, but even his wisdom is not enough to convince some of his own students.“They'll say, ‘Oh, did you see what bitcoin did yesterday, I made x dollars,’ I'm like, children, come on. Your interest rates and student loans that's what you should be worried about. If you have free money, send it back to Sallie Mae, you know, pay that debt off early because that stuff starts snowballing and paying off debt is a guaranteed return on investment,” said Krahel.And yet it's hard to shake the promise of investing in a market that's produced millionaires from relatively low investments just several years ago.“I don't want to knock cryptocurrencies, they do have a value, but people are getting into it because of that volatility, because you could have a thousand today and ,000 tomorrow,” said Krahel. “So, if you're willing to only see the upside, cryptocurrencies are great but that's not the way life works.”Bitcoin's value has sunk ,000 in the last month and plummeted from its peak in December at nearly ,000.However, with every slump there's also the possibility of a rally. These students could prove their professor wrong or learn a real-life lesson about loss and spending wisely.Krahel said you should be borrowing the least amount of money possible so you have less to pay off in the future.Students are graduating with an average of ,000 in student loan debt. 2541