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Tesla raises Model Y prices by $1,000 after US relaxes tax credit terms

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Tesla raises Model Y prices by $1,000 after US relaxes tax credit terms

Tesla Inc TSLA.O raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits.

Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, an increase of $1,000 each, according to current and previous prices posted on its website.

It was the second increase in price for the Model Y Long Range over the past two weeks.

The models remain 15% and 17% cheaper, respectively, than they were before Tesla slashed prices last month to stoke demand, before accounting for the $7,500 tax credit buyers now qualify to receive.

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In a reversal, the Treasury Department ruled on Friday that crossovers like the Model Y would qualify for electric vehicle tax credits as long as they were priced below $80,000. The ceiling for cars, sedans and wagons is lower at $55,000.

That represented a win for Tesla, General Motors GM.N, Ford F.N and other automakers that had pressed the Biden administration to loosen the vehicle definitions in the implementation of the incentive plan to make more of their lineups eligible.

At its previous price, a Tesla buyer of a Model Y would only have been able to add about $1,000 in extra features, such as a tow hitch, before pushing the price above the level at which the tax incentive would apply.

Tesla cut prices globally in January in response to signs of slowing demand. It cut prices for a second time in South Korea on Friday.

Chief Executive Elon Musk said last month that vehicle orders were roughly double the company’s output in January after the first round of price cuts. He said strong demand had prompted the company to make its first small price increase to the Model Y. 

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Plea seeking restoration of ‘X’ adjourned till April 2

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Plea seeking restoration of 'X' adjourned till April 2

 Lahore High Court has adjourned the hearing of miscellaneous application seeking restoration of X (formerly Twitter) till April 21

LHC’s Justice Asim Hafeez heard the petition of Advocate Huzaifa Naeem filed for restoration of social media app X.

During the hearing Justice Asim Hafeez inquired about the petition and the petitioner stated that Pakistan Telecommunication Authority (PTA) has made impossible for public to access the micro-blogging site X.

The court suggested a solution referring to a minister who has suggested to access the platform with VPN.

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The petitioner stressed for a long-term effective solution, replied that “if police say to avoid a certain route as dacoit rule there, it is not a solution.”

The petition requested to court to declare the X outage as illegal and direct opposition to ensure the public access of X. Court has adjourned the petition for hearing till April 2.

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Samsung Galaxy to launch AI features in other devices as well on March 28

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Samsung Galaxy to launch AI features in other devices as well on March 28

Samsung Galaxy AI features will be introduced into other devices as well after on the acclaimed Galaxy S24 series.

Starting March 28, One UI 6.1 will begin rolling out across the Galaxy S23 series, S23 FE, Z Fold5, Z Flip55, and Galaxy Tab S9 Ultra, Tab S9+ and Tab S9 WiFi versions beginning this week.

In the US, Samsung Galaxy S24 users are embracing several innovative features that have revolutionized their smartphone experience.

One standout feature is Circle to Search with Google, which has become immensely popular among users. This feature allows users to search for information quickly by simply circling items on their screens, eliminating the need to switch between apps.

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Live Translate has been a game-changer for users, facilitating seamless communication by providing real-time voice and live caption translations during phone calls. This feature helps users overcome language barriers, ensuring smooth and effective communication.

Samsung’s Generative Edit tool has also garnered significant attention, offering users powerful AI-driven photo editing capabilities. This tool allows users to easily adjust and enhance their favorite pictures by resizing or filling in backgrounds after removing unwanted objects from the frame.

Another highly utilized feature is Chat Assist, integrated into the Samsung Keyboard. This feature provides users with translation, writing style suggestions, and spelling and grammar corrections, enhancing their communication experience across various apps.

These innovative AI features are enhancing the functionality and usability of Samsung Galaxy S24 smartphones, providing users with convenient and efficient ways to interact with their devices and communicate with others. 

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Amazon loses court fight to suspend EU tech rules’ ad clause

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Amazon loses court fight to suspend EU tech rules' ad clause

Amazon (AMZN.O) on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe’s top court backed EU regulators, saying EU interests outweigh the U.S. online retailer’s material interests.

Under the Digital Services Act (DSA) which kicked in last year, Amazon was designated as a very large online platform subject to tough rules to tackle illegal and harmful content on its platform.

The company subsequently challenged a DSA requirement to make publicly available a repository containing detailed information on its online advertising and also asked for an interim measure until the court rules on the case.

A lower tribunal in September agreed to its request for an interim measure to suspend the contested obligation, which prompted the European Commission to turn to Europe’s top court.

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The Luxembourg-based Court of Justice of the European Union (CJEU) set aside the suspension order and dismissed Aamzon’s application for an interim measure.

The judge said that Amazon’s argument that the obligation unlawfully limits its fundamental rights to respect for private life and the freedom to conduct a business was not irrelevant.

He also said that without a suspension, it was likely that Amazon would suffer serious and irreparable harm before any judgment annulling the Commission’s decision.

However, he said a suspension could have a detrimental impact on the objectives of the DSA.

“Suspension would lead to a delay, potentially for several years, in the full achievement of the objectives of the Regulation on a Single Market for Digital Services and therefore potentially allow an online environment threatening fundamental rights to persist or develop,” the judge said.

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“The interests defended by the EU legislature prevail, in the present case, over Amazon’s material interests, with the result that the balancing of interests weighs in favour of rejecting the request for suspension.”

Amazon said: “We are disappointed with this decision, and maintain that Amazon doesn’t fit the description of a ‘Very Large Online Platform’ (VLOP) under the DSA, and should not be designated as such.”

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