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<ul class="summary-list"><li>Tesla stock fell as much as 10% after its robotaxi reveal underwhelmed Wall Street analysts.</li><li>Analysts criticized Tesla's lack of details for its robotaxi network, compared to Waymo's already operational service.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/TSLA-stock">Tesla</a> stock dropped as much as 10% on Friday after the automaker's <a target="_blank" class="" href="https://www.businessinsider.com/tesla-robotaxi-event-cybercab-elon-musk-2024-10">robotaxi reveal event</a> underwhelmed Wall Street.Tesla CEO Elon Musk <a target="_blank" class="" href="https://www.businessinsider.com/tesla-robotaxi-event-cybercab-elon-musk-2024-10">unveiled the company's vision of the future,</a> which includes two-seater Cybercabs ferrying people from point A to B autonomously. The car has no steering wheel or foot pedals.But Wall Street wasn't impressed, especially considering robotaxi service Waymo is already up and running."The Cybercab demos were conducted on a movie set in a well-controlled environment, and were very similar to a slow and short amusement park ride. Waymo is now hosting 100k rides per week in major cities, so we expect more from TSLA's demo," Wells Fargo analyst Colin Langan said.A lack of details about the actual execution of Tesla's vision seemed to be a common theme across analyst notes Friday morning.Bernstein analyst Toni Sacconaghi said Tesla still has a lot to prove to investors, as the vision Musk offered Thursday evening wasn't any different from the autonomous vision future he's outlined in the past."We found Tesla's Robotaxi event to be underwhelming and stunningly absent on detail," Sacconaghi said.He added: "Musk has painted a consistent vision and promise of autonomy for nearly a decade, and we (and investors) had hoped last night's event would provide a detailed roadmap for getting there. But details were scant to non-existent."Even if Tesla manages to launch a robotaxi network by Musk's timeline of 2026 or 2027, Sacconaghi said it probably won't lead to outsized profits for the company because of technical and regulatory reasons."Even if Tesla is able to be first to L5, it is likely that fast followers can catch up with competitive offerings, mitigating opportunities for outsized profits, and in the meanwhile, we continue to worry that Tesla's core autos business will have limited growth and margin expansion until the lower cost Model 2 is ramped, likely only in 2027," Sacconaghi warned.There was at least one Wall Street analyst who struck a positive tone after Tesla's robotaxi event: Wedbush analyst Dan Ives."We strongly disagree with the notion that last night was a disappointment as we would argue the opposite seeing Cybercab with our own eyes," Ives said in a Friday note. "This vehicle is now a reality and not just talk."While shares of Tesla plunged on Friday, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/uber-stock">Uber</a> stock popped 9% on the view that Tesla's future robotaxi network is nowhere close to disrupting Uber's core business.

Tesla stock drops 10% after Wall Street sees robotaxi event 'stunningly absent on detail'

<ul class="summary-list"><li>A Californian home damaged by a fallen tree has been listed for sale for $499,999.</li><li>The LA County bungalow was severely damaged in May, with the roof and some walls crushed.</li></ul>"Did you see on TV the home destroyed by an old stone pine?" reads an unusual <a target="_blank" class="" href="https://www.zillow.com/homedetails/113-S-Mountain-Ave-1-Monrovia-CA-91016/439659015_zpid/">Zillow listing, which went up last week</a>.The property in question is a mangled <a target="_blank" class="" href="https://www.businessinsider.com/live-in-a-tiny-mansion-home-so-could-afford-california-2023-10">home</a> just outside Los Angeles that could be yours for $499,999, if you're willing to buy a half-destroyed house.In May, a large tree uprooted and toppled over, severely damaging the Southern California bungalow, as well as crushing a parked car and some fences.Despite two people being inside, no one was injured, <a target="_blank" class="" href="https://www.cbsnews.com/losangeles/news/monrovia-home-crushed-by-fallen-tree-is-up-for-sale/">according to CBS News.</a>What remains of the building — a partial structure with missing walls and ceilings — is now on the market.It's <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/mortgages/what-is-zillow">advertised on Zillow</a> as a "flat and abated lot / partial structure ready for new construction or rebuild."Or, as listing agent Kevin Wheeler joked to <a target="_blank" class="" href="https://www.latimes.com/california/story/2024-09-04/half-a-house-half-a-million-a-tree-crushed-home-hits-the-market-in-monrovia">the Los Angeles Times</a>, it's an "open-concept floor plan."The Zillow listing notes that the 2,504-square-foot lot northeast of Los Angeles is red-tagged, meaning it is unsafe for habitation.But while the electricity is switched off, it still has functioning plumbing, Wheeler told the Times.<a target="_blank" href="https://codelibrary.amlegal.com/codes/monrovia/latest/monrovia_ca/0-0-0-71727">He also told the outlet that while Monrovia legal codes</a> typically require a review for the demolition of properties more than 50 years old, since the house was destroyed by an act of God, a review isn't necessary.Although half a million dollars may seem like a lot for a property in this condition, the listing agent said there has been "a lot of interest," explaining that demand in the area is high and inventory low.Wheeler said the buyer could easily rebuild the home, and it could make a good investment for somebody wanting to flip it.In the immediate aftermath of the tree collapse, would-be buyers had tracked down the homeowners and made <a target="_blank" class="" href="https://www.businessinsider.com/how-to-respond-to-low-ball-offer-potential-client-freelancing-2021-10">low-ball offers</a>, Wheeler told the Times."They were trying to buy it for $250,000 or $300,000," he said. "But market comparisons for similar properties in Monrovia put the value at $500,000."In <a target="_blank" class="" href="https://uk.news.yahoo.com/open-plan-half-tree-crushed-232546863.html">an interview with AFP,</a> Wheeler added: "There's a house nearby about the same size on the same street that sold for $900,000... so there's enough meat on the bone for them to make a profit."

An LA home that was crushed by a falling tree is on sale for $500K

<keyword id="22223326" type="General" weightage="20" keywordseo="street-food-lovers" source="keywords">Street food lovers</keyword> in Karnataka, particularly <keyword id="21301713" type="General" weightage="20" keywordseo="pani-puri" source="keywords">pani puri</keyword> enthusiasts, have reason to be cautious. A recent inspection by the Food Safety and Standards Authority of India (<keyword id="20225209" type="General" weightage="20" keywordseo="FSSAI" source="keywords">FSSAI</keyword>) has revealed concerning results. Nearly 22% of pani puri samples collected from across the state failed to meet safety standards. A few days after banning artificial food colouring in kebabs across Karnataka, <keyword id="21070182" type="General" weightage="20" keywordseo="food-safety-officials" source="keywords">food safety officials</keyword> went after the pani puri stalls littered throughout the state and even more established eateries. FSSAI reportedly collected pani puri samples randomly from 79 places across Karnataka, with 49 of them being from various parts of Bengaluru. The FSSAI received numerous complaints regarding the quality of pani puri being sold across Karnataka, said Srinivas K, Commissioner of Food Safety, in a press release. To address these concerns, we conducted inspections at various eateries, from roadside stalls to established restaurants. RELATED: <a href="https://www.businessinsider.in/science/health/news/karnataka-health-department-bans-use-of-artificial-food-colouring-in-kebabs-imposes-hefty-fine-of-10-lakhs/articleshow/111250040.cms">Karnataka Health Department bans use of artificial food colouring in kebabs; imposes hefty fine of 10 lakhs!</a> The inspections resulted in a worrying discovery. Of the 260 samples collected, 41 were found to contain artificial colouring agents and potentially cancer-causing chemicals in the sauce and meetha chilli powder, rendering them unfit for consumption. An additional 18 samples were deemed to be of poor quality. The FSSAI identified chemicals like brilliant blue, sunset yellow, and tartrazine as the primary culprits in the unsafe pani puri. Experts have spoken about the potential health risks associated with these artificial colorings, suggesting that exposure to these chemicals can lead to a range of health problems. These can range from simple stomach upsets to more serious conditions like heart disease and even some autoimmune disorders. The FSSAI is currently analysing the test results to understand the full impact of these chemicals on public health. They are also collaborating with the Karnataka Health Department to explore potential enforcement measures against offenders. Srinivas K said that they are committed to ensuring food safety across the state, and are studying the data and exploring various options to improve food safety standards, particularly at smaller eateries. This pani puri incident is not an isolated case. The FSSAI had previously banned the use of artificial colours in kebabs, gobi manchurian, and cotton candy due to similar concerns. The FSSAI advises consumers to exercise caution when purchasing street food and inquire about ingredients before consumption. They are also encouraging the public to report any suspected violations of food safety standards.

Food safety officials in Karnataka report cancer-causing agents and artificial colours in pani puri samples

<ul class="summary-list"><li>The Harris-Walz campaign is scheduled to announce a proposal for major assistance for first-time homebuyers.</li><li>The campaign is proposing that some first-time homebuyers could get up to $25,000 in down-payment assistance.</li></ul>Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a>' economic agenda is set to include a provision for first-time and first-generation home-buyers.Harris is scheduled to announce her policy plans at a Friday <a target="_blank" class="" href="https://www.businessinsider.com/trump-falsely-claiming-kamala-harris-rally-crowd-is-ai-generated-2024-8">rally</a> in North Carolina, which include a proposal to give some first-time homebuyers up to $25,000 in down payment support, according to a campaign official.The Harris-Walz proposal would provide assistance to working families who have paid their rent on time for at least two years and are looking to buy their first house. First-generation homeowners who fit the bill would be eligible for even more support."Many Americans work hard at their jobs, save, and pay their rent on time month after month. But they can't save enough after paying their rent and other bills to save for a down payment — denying them a shot at owning a home and building wealth," the campaign said in a preview statement obtained by Business Insider.The campaign estimates that the proposal would allow more than one million first-time homebuyers, including first-generation buyers, to purchase a home each year.Former President Donald Trump addressed parts of his housing plan during recent campaign events, promising to open up swaths of federal land for housing construction.Harris is also expected to announce a proposal to end the <a target="_blank" class="" href="https://www.businessinsider.com/us-housing-market-buying-a-home-prices-affordability-mortgage-rates-2024-6">housing crisis</a> by building three million new units, offering tax incentives to homebuilders who prioritize "starter homes" intended for first-time homebuyers, and creating a $40 billion innovation fund to encourage local governments to build housing, according to the campaign.The Harris economic agenda also includes assistance for renters, including expanded rental assistance for struggling Americans and the removal of tax benefits for Wall Street investors and corporate landlords, according to the campaign.Several of the Harris housing policies expand on similar plans President Joe Biden's administration sought to achieve in recent years, including <a target="_blank" class="" href="https://www.businessinsider.com/biden-plan-cap-rent-5-percent-annually-corporate-landlords-2024-7">rent caps</a> and <a target="_blank" class="" href="https://www.businessinsider.com/biden-sotu-housing-affordability-stimulus-buyers-sellers-mortgage-credits-supply-2024-3">assistance for first-time homebuyers</a>.The Friday rally comes at a key moment in the race as Harris picks up <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-donald-trump-polling-shift-2024-8">steam in the polls</a>, particularly regarding the <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-economy-inflation-polling-donald-trump-joe-biden-2024-8">economy</a> — an area in which Democrats have historically struggled.

Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support

<ul class="summary-list"><li>A San Francisco home that is listed for $488,000 is valued at more than triple that.</li><li>The catch is that a tenant already lives there and has the right to do so for another 30 years.</li></ul>A three-bedroom home in <a target="_blank" href="https://www.businessinsider.com/moved-san-francisco-worth-it-cost-of-living-negativity-2024-2">San Francisco</a> is up for sale for $488,000.This might seem like a bargain in a <a target="_blank" href="https://www.businessinsider.com/10000-sqft-home-san-francisco-loses-10-million-3-years-2023-12">famously expensive city,</a> where the <a target="_blank" href="https://www.redfin.com/city/17151/CA/San-Francisco/housing-market">average sale price</a> is more than $1.4 million.According to <a target="_blank" href="https://sfstandard.com/2024/06/21/betrayal-the-family-feud-behind-russian-hills-488k-home-sale/">The San Francisco Standard</a>, the home is worth about $1.8 million — more than triple what it's on the market for.But there's a catch — the buyer may not be able to move in for 30 years.According to a <a target="_blank" href="https://www.parknorth.com/homes-for-sale-details/30-NORTH-VIEW-COURT-SAN-FRANCISCO-CA-94109/424035906/7/">listing with Park North Real Estate,</a> the property in <a target="_blank" href="https://www.businessinsider.com/russian-hill-san-francisco-home-garden-2020-2">Russian Hill</a>, an upscale San Francisco neighborhood, has three bedrooms, two bathrooms, and is 1,100 square feet.However, it is also occupied, with the tenant having possible occupancy rights until 2053.The listing said the tenant pays $416.67 monthly and will continue to pay the same amount throughout their time living there.Speaking to <a target="_blank" href="https://abc7news.com/post/san-francisco-russian-hill-home-sale-cant-move-in/14982412/">ABC 7 News</a>, Steven MacDonald, a landlord-tenant legal expert, said: "For some reason, they gave this person a 30-year right of possession. I've seen that before. It's kind of a sloppy way of estate planning."He added: "They can do it that way. I think they should have done it a different way."MacDonald said it would take a "very, very unique buyer" who would be open to buying the property below value while waiting decades to move in themselves.Ilia Smith, who lives on the street, said the listing surprised those in the neighborhood.She told ABC 7 News: "Thirty years. I don't think I'll be around for that."According to the San Francisco Standard, the unusual sales proposition stems from a family drama.The local outlet reported that the current tenant, 83-year-old Sandra Lee, lives there with her daughter Cheryl Lee, 66.It is owned by Sandra Lee's son. Sandra Lee told The Standard he put the house up for sale against her wishes.She said her stepfather had secretly arranged a lease in 2018, which secures her low rent and a place to live until 2053."If it wasn't for the lease that [my son] didn't know about that was made in 2018, I don't know where we'd be," she told The Standard.Business Insider was unable to contact the son for comment. Park North Real Estate also did not immediately respond to a request for comment from BI.According to the <a target="_blank" href="https://www.sfchronicle.com/realestate/article/sf-san-jose-house-19523661.php">San Francisco Chronicle</a>, the San Francisco metropolitan area is one of the most expensive housing markets in the world.It was ranked in the <a target="_blank" href="https://www.businessinsider.com/california-demographia-housing-markets-affordability-crisis-home-prices-selling-sunset-2024-6#:~:text=Hong%20Kong%20(16.7)%20topped%20the,of%20%22impossibly%20unaffordable%22%20markets.">"impossibly unaffordable category"</a> in the <a target="_blank" href="https://archive.ph/o/NrOUu/https://www.sfchronicle.com/bayarea/article/real-estate-affordable-housing-markets-17148926.php">Demographia International Housing Affordability Report.</a>

A 3-bed apartment in San Francisco is on the market for $488K. The catch? You can't move in for 30 years.

<ul class="summary-list"><li>Monaco is the world's most expensive residential rental market, according to Knight Frank.</li><li>Renting a 1,100-square-foot property in Monaco starts at about $19,350 a month.</li></ul><a target="_blank" href="https://www.businessinsider.com/saw-formula-one-grand-prix-live-monaco-worth-it-2024-6">Monaco</a> is the world's most <a target="_blank" href="https://www.businessinsider.com/how-much-luxury-rents-have-gone-up-new-york-london-2022-12">expensive luxury rental market,</a> according to analysis provided to <a target="_blank" href="https://www.wsj.com/real-estate/luxury-homes/monaco-most-expensive-rental-market-dc6eebcd">The Wall Street Journal</a> by global real estate agency Knight Frank.The May analysis looked at the top 1% of residential properties measuring about 1,100 square feet across different cities, and found that those in Monaco start at about $19,350 a month.According to the analysis, the starting price in Monaco to rent a 1,100-square-foot apartment is 36% higher than in Hong Kong, the second most expensive city, followed by Singapore and London.<a target="_blank" href="https://www.forbes.com/advisor/mortgages/average-rent-by-state/">Per Forbes</a>, the average national <a target="_blank" href="https://www.businessinsider.com/high-rent-costs-renters-rental-housing-market-affordability-income-prices-2024-5">rent price in the US</a> is about $1,400 a month.In a comment provided to BI, a spokesperson for Knight Frank said a "handful of truly super-prime rental markets globally," such as London, Hong Kong, and New York, stand well above other international markets."However, Monaco, with its tight supply and very limited opportunities for new construction, has seen rental levels rise well beyond even this exclusive group," they added.The Journal noted that larger luxury rentals in Monaco can easily surpass $100,000 a month, and reach as high as $280,000.These often come with hotel-style amenities, including concierge services, and even a landscaping team.According to The Journal, with a budget of about $30,000, you could only expect to rent a modest two-bedroom apartment in central Monaco, with a small kitchen and windowless bathroom.In contrast, for the same budget, the outlet said New Yorkers could get a property more than twice the size — about 3,100 square feet — overlooking Central Park.Even so, there's demand for such <a target="_blank" href="https://www.businessinsider.com/most-expensive-property-london-rutland-gate-tour-2022-10">expensive properties.</a>One major draw may be the opportunity to acquire residency and benefit from Monaco's rich-friendly tax policies, including a lack of personal income tax (unless you are French) and no capital gains taxes.Monaco also has <a target="_blank" href="https://assets.kpmg.com/content/dam/kpmg/mc/images/mfo/pdf/KPMG-MFO_Relocation_to_the_Principality_of_Monaco.pdf">no wealth or property tax.</a>Perhaps as a result, <a target="_blank" href="https://www.businessinsider.com/top-1-percent-wealth-richest-countries-united-states-monaco-luxembourg-2024-2">it has</a> the highest GDP per capita in the world, <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?most_recent_value_desc=true">per the World Bank</a>.Beyond financial advantages, <a target="_blank" href="https://www.businessinsider.com/monaco-monte-carlo-travel-architecture-ugly-2019-10">Monaco</a> also offers other advantages — pleasant weather, beautiful landscapes, low crime, and opportunities for luxury shopping and dining.These come at a steep price, however.The Journal noted that tenants in Monaco are usually expected to pay quarterly — with a quarter in advance and a three-month security deposit, along with tens of thousands of dollars in service charges.That could easily cost you $100,000 before you've even moved in.

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Tesla stock drops 10% after Wall Street sees robotaxi event 'stunningly absent on detail'

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An LA home that was crushed by a falling tree is on sale for $500K

Joshua Nelken-Zitser

Food safety officials in Karnataka report cancer-causing agents and artificial colours in pani puri samples

BI India Bureau

Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support

Erin Snodgrass

A 3-bed apartment in San Francisco is on the market for $488K. The catch? You can't move in for 30 years.

Joshua Zitser

Monaco is the world's most expensive place to rent. A monthly budget of $30K will get you a 1,200-square-foot apartment.

Joshua Zitser

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