Tag: income

Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga

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San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew 51 per cent to $81.5 billion and net income more than doubled to $12.6 billion.
In the fourth quarter (Q4) of 2022, the company beat Wall Street revenue estimates, registering $24.3 billion in revenue, a 37 per cent increase from the same quarter last year, and earned $3.7 billion in net income.
“As we progress into 2023, we know that there are questions about the near-term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates,” said the company.
“In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap,” it added.
Tesla said it is prepared for short-term uncertainty, while being focused on the long-term potential of autonomy, electrification and energy solutions.
Tesla said it delivered 405,278 vehicles to customers in the October-December quarter, and 1.3 million vehicles for the entire 2022.
“Our relentless cost control and cost innovation is why we believe that no other OEM is better equipped to navigate through 2023, and ultimately succeed in the long run,” it added.
The Model Y production line in Austin, Texas, produced over 3,000 vehicles in a week towards the end of Q4.

“Production and delivery challenges in 2022 were largely concentrated in China Since our Shanghai factory has been successfully running near full capacity for several months, we do not expect meaningful sequential volume increases in the near term,” said the company.
The Model Y production line in Germany produced over 3,000 vehicles in a week towards the end of Q4.
“We have now released FSD Beta to nearly all customers in the US and Canada who bought FSD (approximately 400,000). This is an important milestone for our company,” Tesla added.
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#Tesla #sales #net #income #doubles #Musks #Twitter #saga
( With inputs from www.siasat.com )

January 26, 2023
Telangana: BJP planning to tax farmers’ income after driving them into crisis, says KTR

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Hyderabad: Telangana IT and Industries minister KT Rama Rao launched a scathing attack against the BJP-led Centre on Tuesday, accusing it of driving the country’s farming community into crisis and considering taxing farmers’ income.
“Prime Minister Narendra Modi had promised to double the farmers’ income by 2022. But instead, when the income of farmers is shrinking, the BJP-led centre is preparing to levy income tax on them. How is this ok?” he asked.
The Minister made these remarks after laying the foundation for various development projects in the Narayanpet district, as well as inaugurating facilities worth Rs196 crore.
Reacting to the speculations that the BJP is planning to field PM Modi from the Mahabubnagar parliament seat in the upcoming general election in 2024, KTR asked why the people of Telangana should vote for him.
“Telangana had been pleading with the centre for eight years to resolve the Krishna river water-sharing dispute and to grant national status to the Palamuru Rangareddy Lift Irrigation (PRLI) scheme, but they refused,” he said.
He also chastised the BJP state unit for failing to raise long-pending Telangana issues with the centre.
KTR demanded that the BJP state executive meeting in Mahabubnagar should pass resolutions demanding national status for PRLI and resolving the River Krishna water dispute.

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#Telangana #BJP #planning #tax #farmers #income #driving #crisis #KTR
( With inputs from www.siasat.com )

January 24, 2023
J&K launches Rs 879 cr Food Processing Project to maximize farmer income, minimize post-harvest losses

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JAMMU, JANUARY 22 (GNS): The Jammu and Kashmir government has launched an ambitious project targetted to revolutionize the food-processing sector and transform the lives of farmers in the UT.
The “UT Level Food Processing Programme for Development of Clusters for Specific Products of J&K” is a Rs 879.75 crore initiative that aims to maximize farmer income and minimize post-harvest losses.
This comprehensive project has been designed to increase the competitiveness of seven identified products across categories in terms of cost, quality, branding, and sustainability within five years. The government is investing in value-addition, logistics, marketing and branding of various Agriculture, Horticulture and livestock products to achieve this goal.
The project will focus on developing 17 districts in J&K with establishment of processing and marketing infrastructure, providing growth and development opportunities to stakeholders and facilitating suitable economies of scale in production and post-harvest activities. The government has allocated a budget of Rs 879.75 crore for the project including a grant-in-aid of Rs 293.25 crore (33.33%) and a debt-equity of Rs 586.50 crore to be raised by entrepreneurs. The project shall create 7030 direct jobs and lead to establishment of 34 enterprises with expected revenue generation to the tune of Rs. 1436.04 crore every year.
“UT Level Food Processing Programme for Development of Clusters for Specific Products of J&K” is one among the 29 projects, which were approved by the Jammu and Kashmir administration after being recommended by the UT Level Apex Committee for holistic development of Agriculture and allied sectors in UT of J&K. The committee is headed by Dr Mangala Rai, Former DG ICAR and has other luminaries in the field of Agriculture, Planning, Statistics and Administration like Ashok Dalwai, CEO NRAA, Dr. P. K Joshi, Secretary, NAAS, Dr. Prabhat Kumar, Horticulture Commissioner MOA & FW, Dr. H. S Gupta, Former Director, IARI, Additional Chief Secretary, Agriculture Production Department Atal Dulloo besides Vice Chancellors of twin Agriculture Universities of the UT.
The programme will focus on seven products in 17 districts/clusters including Milk for Jammu and Pulwama, Walnut for Kupwara and Kishtwar, Basmati for RS Pura, Samba and Kathua, Vegetables (Conventional/Organic/Exotic & Mushrooms) for Doda, Budgam, Samba and Udhampur, Meat and Poultry for Srinagar and Kathua, Trout for Anantnag and Ganderbal besides Cherry for Ganderbal and Baramulla.
“This project represents a beacon of hope for farmers in J&K, who have been facing challenges such as post-harvest losses that are generally in the range of 15-20 per cent and the wastage of 20 per cent of the total fruit produced due to non-availability of packaging and processing facilities and mismatch between production and post-harvest management.” said Additional Chief Secretary, Agriculture Production Department Atal Dulloo. “The government’s investment in this project is expected to address these issues and help farmers to better price realization and enhancing their income by creating competitiveness across the entire value chain.” he added.
In the next five years, Jammu and Kashmir will have a dynamic food processing, food packaging and storage infrastructure with dedicated support services including farm-level logistics and transportation, marketing infrastructure and cluster branding. This project is a step towards a brighter future for farmers and the food-processing sector in J&K.(GNS)

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#launches #Food #Processing #Project #maximize #farmer #income #minimize #postharvest #losses
( With inputs from : thegnskashmir.com )

January 22, 2023