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Tesla agreed to purchase a significant portion of the facility for $42 million ($57 million today), while Toyota invested $50 million ($68 million today) in Tesla for a 2.5 percent stake in the company. [35] [38] During the early 2010s, Musk expanded the engineering teams for the Model S, while von Holzhausen grew the design teams in Los Angeles
However, a large percentage are imported from multinational suppliers. In 2020, imports took up 83.38% ($199.7 billion) of total chip sales. In response, the country has launched a number of initiatives to close the gap, including investing $150 billion into its domestic IC industry, with a "Made in China 2025" goal of 70% domestic production.
The bottom 25% of families had a median net worth of zero, while the 25th to 50th percentile had a median net worth of $40,000. [ 216 ] Wealth inequality is more unequal than income inequality, with the top 1% households owning approximately 42% of the net worth in 2012, versus 24% in 1979. [ 217 ]
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