TASK DEFINITION: Given a document, generate a short title of the document. The title should convey the main idea/event/topic about which the document is being written. Note that URLs in the text have been replaced with [Link].
PROBLEM: On October 22   Tesla  announced a landmark agreement to manufacture cars in China  building capacity to produce locally and boost sales in the worldâs largest market for electric vehicles.
The agreement is a landmark deal in several respects. China has granted  Tesla  more autonomy than other foreign producers.  Tesla  is the first major foreign automaker to establish local operations without a 50:50 local joint venture partner. This is a key concession as  it  allows  Tesla  tighter control over both  its  intellectual property and vertically-integrated production process.  Tesla  will also benefit by reducing production costs for cars sold in China and  though details were not disclosed  may also receive tax breaks and subsidies akin to those enjoyed by Chinese producers.
 Attracting Tesla  is a symbolic win for China. China has clear ambitions to lead the world in electric vehicles in a broader effort to build a cleaner  environmentally-conscious society. The timing of this announcement during Chinaâs critical 19th Congress reinforces the governmentâs broader objectives.
Yet  a closer look suggests that  Tesla  needs China more than China needs  Tesla . As the chart from IHS Markit: Light Vehicle Forecast below shows  China is an essential market for leading global automakers. China surpassed the United States in 2009 as the largest car market  and car sales in Western markets are forecast to decline  while emerging markets will drive global growth.
With its recent shift in environmental priorities  China is also becoming a major player in electric vehicles. In 2016  China accounted for 45% of all the newly registered electric vehicles worldwide with 336 000 in China vs. 160 000 in the United States. China is also building an EV charging infrastructure that primes the market for a high-end producer such as  Tesla . In 2016  China had a 44% global share of publicly available EV charging outlets  including 82% of fast-charging outlets. Demand for electric vehicles has grown faster in China than in any other global market with the share of EV purchases increasing 3.6x from 2014 to 2016. With EV purchases accounting for just 1.37% of the total car market  the Chinese EV market seems poised for further growth.
Low end EV's dominate Tesla
Despite seemingly favorable market conditions   Tesla  has had little success in China to date. Subsidies have driven electric vehicle demand  with the Chinese government paying up to 50% of the purchase price of domestically-produced EV cars. Lower-end electric vehicles have dominated  and  Tesla   which is subject to 25% import taxes  has largely been priced out of the market. In 2016   Tesla  had just a 3% share of the electric vehicle market in China.
 Tesla âs lackluster performance in China is a striking contrast to other global automakers. As in the West  cars are a status symbol in China  and consumers prefer prestigious global brands. Foreign cars claim a 60% market share in China  with foreign brands claiming seven of the top eight spots for cars sold in 2016. Premium brands have done particularly well in China.
Audi  BMW  Mercedes and Porsche all sell between a quarter to a third of their total global sales in China -- a 10% increase on average in just the past five years. In addition  Volkswagen now sells half of its global volume in China. The experiences of other foreign car brands suggest that  Tesla  should fare well in China if  it  can reduce production costs and vehicle pricing in line with the local market.
It is within this context that  Tesla  needs China more than China needs  Tesla . Chinaâs electric vehicle market will grow with or without  Tesla . But Teslaâs deal with the Shanghai government is both timely and essential. As the electric vehicle market takes off in China   Tesla  must do well in this vital market to maintain global leadership. Building volume in China is required to reduce production costs and pricing in the global as well as local market. Ultimately  as we are seeing in other industries   Tesla  may find that technology talent in China will also prove vital to maintain  its  position as a leading innovator globally.

SOLUTION: Why Tesla Needs China More Than China Needs Tesla

PROBLEM: Chase Coleman's Tiger Global Management hedge fund  is buying all the "FANG" stocks  except Google.
But  the hedge fund  added to  its  holdings in the other so-called FANG stocks: buying nearly $500 million worth of Netflix shares  $275 million of Amazon.com and $229 million of Facebook.
 Coleman's fund  also increased  its  stake in Fiat Chrysler by 3.88 million shares  or $222 million  and initiated a $137 million stake in design software company Autodesk.
 The hedge fund  also increased  its  holdings of Chinese e-commerce companies Alibaba and JD.com by 191 000 and 5.38 million shares  respectively. Alibaba reported record sales worth $25.4 billion on Singles Day  Nov. 11  while JD.com reported the equivalent of about $19.1 billion over its Singles Day shopping period  which began on Nov. 1.
 Coleman  has a net worth of $2.2 billion  according to Forbes.

SOLUTION: Tiger Global Management sells Alphabet taking the G out of 'FANG'

PROBLEM: Miranda Lambert  shares the stage with the songwriters whose contributions helped shape  her  double album The Weight of These Wings in a new episode of PBS' Front and Center.  Lambert 's appearance is part of a CMA Songwriters Series episode of the acclaimed music series  which returns for an eighth season beginning Friday  February 2nd.
Related Miranda Lambert  Little Big Town Plot Co-Headlining Summer 2018 Tour The Bandwagon Tour unites country titans for 13 shows beginning in July
In an episode spotlighting the 12-time CMA award winner   Lambert  welcomes an army of songwriters including Jessi Alexander  Brent Cobb  Luke Dick  Anderson East  Natalie Hemby  Adam Hood  Jack Ingram  Shane McAnally  Waylon Payne  Aaron Raitiere  Jon Randall  Liz Rose  Gwen Sebastian and Scotty Wray. In addition to sharing stories and inspiration behind the album with her fellow writers   Lambert  is also joined by  her  father  Rick Lambert  for a special performance of "Greyhound Bound for Nowhere " which the pair co-wrote for  her  2005 debut album  Kerosene.
"Vice" is a highlight of the installment  with  Lambert  delivering an acoustic performance of the emotionally charged tune with McAnally  who co-wrote the song with  Lambert  and Josh Osborne.

SOLUTION:
See Miranda Lambert's 'Vice' With Shane McAnally