Tesla Delivered Nearly 1 Million Electric Vehicles 馃殭 in 2021

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

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Welcome to Roy Overload daily business, tech and finance news of Scott Declare. This is what's making news today. Tesla delivered one million electric vehicles in two thousand and twenty one. Chip sales will grow nearly ten percent in two thousand and twenty two, says a new report. The Indian tax authorities recover six point six million tax on commissions from Wazier X and data labeling service provider AMO raises twelve million dollars in a series a round. Let's jump right into it. So first story of the day. The electric vehicle maker Tesla has delivered a record nine hundred and thirty six thousand one hundred and seventy two vehicles in two thousand and twenty one. The delivery figure is an eighty seven percent increase over the delivery of four thousand, nine hundred and ninety five hundred and fifty vehicles the company made in two thousand and twenty in q two thousand and twenty one, Tesla achieved production of over three hundred five thousand vehicles and deliveries of more than three hundred and eight thousand vehicles. Of those deliveries, two hundred and ninety six thousand were for the model three and Y, while eleven thousand...

...seven hundred and fifty were for the model s and X. Tesla's model three and why make up the mid the majority share of deliveries throughout the entire year, with nine hundred and eleven thousand deliveries, as compared to twenty four thousand deliveries of model snx earlier in the year, in January of two thousand and twenty one, Tesla had said that the company was aiming to boost its vehicle deliveries by a fifty percent in year over a year, and the company's results show that it has far exceeded this goal. Great work by the Tesla team worldwide. Elon Musk put this out in a tweet. While the vehicle delivery stats are remarkable for the automaker, what makes the figures even more noteworthy is that they have come despite numerous global challenges faced by the automotive industry at large. Next story, the chip sales will grow nearly ten percent in two thousand and twenty two. So the global chip shortage that cramped the output of auto and a electronics industries last year will see an ease in two thousand and twenty two. As a chip sales are expected to grow by about ten percent in the next year, according to a report by the credit insurance company Julie Euler...

Hermes, analyst at you Ler Herm, said the current semiconductor cycle is firing on all cylinders as the industry emerges from the worst recession in two thousand and nineteen. Moreover, the analyst said that they expect chip sales to grow by another eight percent and surpass six hundred billion dollars for the first time in two thousand and twenty two. They said that this is a twenty six percent growth on top of five hundred and thirty your billion dollars that we saw in two thousand and twenty one. The increased effect of the COVID pandemic happens to be one of the major reasons, amongst others, that the created a global chip shortage in two thousand and twenty one. Other possible reasons include the US China trade war. The Global Semiconductor shortag defected various industries, including automobiles, electronics, etc. To keep up with global consumer demand. It was difficult for a lot of these industries, though many chip making companies have already announced plans to increase the production capacity. It will take months before all these facilities get established. Indian tax authorities just recovered covered six point six million dollars tax on...

...commissions from wazr x. So the cryptoxchange platform Wazier X has reportedly been asked to pay more than six point six million dollars over non payment of goods and services tax on Trade Commission A. Wazier X, which is one of the popular cryptocurrency exchange platforms in India, is managed by Zon may labs private limited, and cryptocurrency wr x is owned by finance investment say shells. The platform offers users the option to trade an Indian rupee or wr X, which has to be bought from the exchange. The company charges of the Commission on these transaction and cryptocurrency from both the buyer and the seller. Each transaction and Rupe attracts the commission of zero point two percent, while the transaction in wrx attracts commission of zero point one percent. However, an investigation from the GST Department of Mumbai, India, showed that the company used to collector revenue from the commission as deposit fees withdraw fees and trading fees, but page GSC only on commission earned in Rupee and evaded GST of commission earned in wrx. Now the...

...cryptox change has been asked to pay six point six two million, which includes five point four three million in pending tax, and the remaining amount is interest and a penalty for non payment. And lastly, the data labeling service provider in am raises twelve million dollars in a series a funding round. So Ai data labeling. This is what Amos doing. They've raised twelve million and it's series a funding round to improve its data labeling technology. Funding saw participation from seven venture capital firms, including the Industrial Bank of Korea, Ds Asset Management, sns investment, toss investment, Hawa Investment and Securities Korea asset investment in securities and venture field found in two thousand and sixteen by soon. TACO AMO is the fastest growing data labeling service provider for various companies. The startup creates a huge volume of training data accurately and quickly so that more industries and enterprises can utilize AI. The companies user friendly interface allows for hassle free data annotation without needing any installation or coding process. A most solution is specifically designed to...

...improve the productivity of data labeling projects by managing tasks with and reducing workforce management cost currently, Aimi has two hundred employers globally and over tenzero data labelers. With the latest funding round, the company plans to further improve its data labeling technology to drive global expansion. And in other news from around the Internet, Valarium blockchain acquires Gibraltar based group Juno. So valerium blockchain is acquired Juno for eight hundred and fiftyzero pounds. Yeah, the acquisition will help Valarium to create a fully regulated link between the Crypto and Fiat environment, which complements Valarium's work with the Gibraltar Stock Exchange. And India sees a record number of IPOs and Unicorns in two thousand and twenty one. So the Indians start up market saw tremendous growth last year, as many as forty four companies joining the Unicorn Club in two thousand and twenty one. In addition, the market has also been a budge of the record number sixty five IPOs getting listed in the calendar year two thousand and twenty one. anyways, that's it for today. Hope you enjoyed shown value in this. Share this with one other person. They can...

...go subscribe for daily business, Tech and Finance News and Newsletter Tot Roy overloadcom. Have a great day. I'll see it's the.

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