Latest news with #545
TimesLIVE
4 days ago
- Automotive
- TimesLIVE
Tesla executives questioned Musk after he denied killing $25,000 EV project
Some senior Tesla executives were alarmed last year when Elon Musk denied a Reuters report that the company had killed a planned all-new $25,000 (R447,545) electric vehicle (EV) that investors had expected to drive explosive vehicle sales growth, according to people familiar with the matter. 'Reuters is lying,' Musk had posted on X, minutes after the story published on April 5, 2024, halting a 6% decline in Tesla's stock. Tesla shares recovered some of the loss after Musk's post, but the stock was down 3.6% at market close. The executives knew that Musk had, in fact, cancelled the low-cost vehicle, which many investors called the Model 2, and pivoted Tesla to focus on self-driving robotaxis, the people said. The company had told employees the project was over weeks earlier, Reuters reported, citing three sources and company documents. Musk's post was so confusing to some senior managers that they asked him whether he'd changed his mind. Musk rejected their concerns and said the project was still dead, according to the people with knowledge of the matter. The executives' concerns, which haven't been previously reported, shed light on the company's struggle to deliver a low-cost, mass-market EV, considered a core promise of the company. Some other Tesla executives were unconcerned about Musk's X post, said people familiar with the matter. The carmaker keeps its product plans flexible, one person said, to respond to market conditions.
India Gazette
22-05-2025
- Business
- India Gazette
AP: Jagan accuses CM Naidu of financial mismanagement, targets 'yellow media' for bias
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the 'yellow media' for biased reporting in favour of the ruling party. 'I am not only fighting against Chandrababu Naidu but also against the 'yellow media',' Reddy said in a press conference. 'Before the elections, Naidu promised development, welfare, and income generation. He even claimed that Andhra Pradesh was turned into Sri Lanka during my regime. But now, let us examine what he has actually done in the last 11 months. He did not implement welfare schemes to the beneficiaries,' he added. He claimed that his government successfully managed the state even during the unexpected COVID-19 pandemic. 'Despite the crisis, both investments and GDP increased during that time and throughout our (YSRCP) tenure,' the YSRCP chief said. He said that in just 11 months, the state's revenue saw a growth rate of 3.08%. This is an important figure the public should be aware of, he said. 'The gross tax and non-tax revenues of the central government in FY 2024-25 (up to February 2025) amounted to Rs36,97,545 crore. In FY 2023-24 (up to February 2024), it was Rs32,50,181 crore. This reflects a total growth rate of 13.76% at the central level,' he said. Reddy said that under the coalition government led by Chief Minister Chandrababu Naidu, additional borrowings of Rs30,100 crore were made. 'Capital expenditure declined by 17.80%, and most of the budgetary expenditure is being funnelled into the pockets of CM Chandrababu Naidu's associates,' he said. 'During the YSRCP government, even when accounting for all forms of liabilities, the total increase amounted to Rs3,32,671 crore over five years. In comparison, the liabilities in just the first year of the TDP government have risen by Rs1,37,546 crore, which is 41% of the total borrowings made during the entire five-year YSRCP term,' he added. He said that borrowings secured specifically for Amaravati amount to Rs3,10,000 crore. 'Chandrababu Naidu has been involved in a financial deal amounting to Rs11,000 crore with Access Energy India Pvt. Ltd. This agreement is for 400 megawatts of power at an annual cost of Rs210 crore, with a tariff of Rs4.60 per kWh,' he alleged. The YSRCP chief said that on 31st July 2024, SECI (Solar Energy Corporation of India) invited tenders for the procurement of power with an assured four-hour daily supply during peak hours. The tariff discovered and the Power Purchase Agreement (PPA) executed were at Rs3.53 per kWh. 'During our (YSRCP) regime, the Andhra Pradesh Government executed a Power Supply Agreement (PSA) with SECI for power supply at Rs2.49 per kWh, with a complete ISTS (Inter-State Transmission System) waiver,' he said. (ANI)
What's On
14-02-2025
- Entertainment
- What's On
Mood for food: The coolest foodie happenings through the rest of February
Eat your way to the end of a foodie February… Dubai is all about good food, good mood, which is exactly why these fun, foodie happenings will keep you busy, full and happy to the end of the month. Take your pick. Moonrise x Row on 45 Two heavyweights are uniting for an extraordinary four-hands dinner. Dan Birk and Solemann Haddad will be coming together for an amazing gastronomical experience for one night only. You know Moonrise and you know Row on 45. You know this will be good. Limited seats available. Row on 45, Feb 17, Dhs1,545 (food only), @ Lila Molino x Jun's Two homegrown heroes are coming together this weekend with a fun, foodie collaboration. Chef Shaw of Lila Molino and Chef Kelvin Cheung of Jun's will be taking over the farmer's market at Alserkal Avenue for Lila and Friends. For one day only – you don't want to miss this. Farmer's Market, Alserkal Avenue, Feb 15, Sat, 12pm until sold out, @lilamolino Jun's x Shams Al Balad Chef Kelvin of Jun's is collaborating with Chef Qais Malhas of Shams El Balad in Amman, MENA 50 Best's number one restaurant in Jordan and 8th overall on the list, to create a special menu. With this collaboration, the chefs will be exploring ingredients and techniques that blend their backgrounds, childhood memories, and deep-seated food traditions. Jun's, Sheikh Mohammed Bin Rashid Boulevard, Mon, Feb 24, 6.30pm and 9pm, Dhs495, @junsdubai Social Another four hands dinner for you – Social at Waldorf Astoria Palm Jumeirah is hosting a collaboration between Chef Carmine Faravolo and his mentor, Chef Agostino Iacobucci. Mentor and protégé reunite to create an exquisite seven-course tasting that will blend their talents, stories, and Italian roots. Social, Waldorf Astoria Palm Jumeirah, Feb 20 to 22, 6.30pm to 10.30pm, Dhs650, @social_dubai Paul Brand new dishes are coming to the menu at Paul, adding a selection of new dishes to its breakfast, lunch, all-day brunch and desserts menu. The more than 20 new items include croque-monsieur, kimchi egg, caramelised patate dauphinoise with poached eggs, Amandine seabass meunière , chicken al limone, entrecote steak and frites, salmon sashimi salad, to name just a few. Paul, across various locations, @paularabia Images: Socials > Sign up for FREE to get exclusive updates that you are interested in
