? Tesla Delays Cybertruck Launch to Late 2022

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Tesla Delays Cybertruck Launch to Late 2022

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A recent report from Electrek is likely to disappoint many who have been waiting to drive their Tesla Cybertrucks soon.

Reportedly, Elon Musk informed Tesla employees that cybertrucks will go into production by the end of 2022.

As for the mass production of cybertrucks, it will only be possible from late 2023.

This announcement comes at the heel of the changes that Tesla made on its website regarding the launch timeline of Cybertruck.

Tesla had indicated on their website that Cybertruck won’t launch in late 2021 anymore. Instead, it will be coming in 2022 now.

People who have been following Musk on Twitter won’t be surprised by this delay.

After all, Musk has tweeted about pandemic-related manufacturing and supply chain bottlenecks plaguing the company for some time.

FAA Raises Issue About Boeing 787 Dreamliner Aircraft, Pushes Back its Delivery to October

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In a big setback to Boeing’s plans of launching its much-awaited 787 Dreamliner aircraft, the FAA rejected the aircraft manufacturer’s proposal to inspect its new aircraft.

After all, airlines pay for aircraft only after delivery.

The news about the FAA’s rejection was reported by the Wall Street Journal on Saturday.

On July 12, the FAA confirmed that there are some manufacturing quality issues with some of Boeing’s new Dreamliner aircraft.

Thus, before FAA gives the go-ahead to shipment of 787 Dreamliner aircraft, Boeing must rectify these quality issues.

Reportedly, Boeing reached out to the FAA on August 2nd to pitch a new method of inspection, which will help the company speed up the delivery of 787 Dreamliner aircraft.

But, the FAA rejected Boeing’s proposal and decided to stick to its fully detailed method of inspection.

Talking about Boeing’s proposal, an FAA spokesperson said that the agency will only approve the shipment once their experts are satisfied with the manufacturing quality of the aircraft.

Nigerian Spices Trading Company Agricorp Raises $17.5 Million

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Agricorp is a Nigeria-based manufacturer and exporter of spices. Its $17.5 million Series A funding round received backing from multiple investors, including Vami Nigeria, One Capital LLC, and AFEX.

Out of these investors, only Vami Nigeria participated through equity financing, while the rest followed the route of working capital financing. Vami Nigeria’s participation was $11.5 million.

Agricorp has decided to use these newly infused funds to ramp up its output capacity to 7,000 metric tons.

Kenneth Obiajulu and Wale Omotimirin founded Agricorp in 2018. Its operations have so far supported more than 5,000 small farmers globally.

The company offers support in the form of inputs and best-in-class agronomic practices training.

It has also built a spice processing plant in Kaduna to manufacture export-ready value-added products at a rate of 0.5 MT per hour.

Additionally, Agricorp also runs Farmbase, a proprietary technology aimed at registering, aggregating, and paying farmers for the products they sell.

The ultimate objective of the company is to become the largest exporter of agricultural spices across the continent of Africa.

Amazon Expands Its Shipping Business to take FedEx and UPS Head On

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From now onwards, Amazon will not keep its shipping services limited to delivering products purchased on its site. It will move cargo for outside customers as well.

This strategic decision, backed by adequate spending, puts Amazon in the same league as companies like FedEx and UPS.

According to Chris McCabe, an e-commerce consultant, and Amazon’s seller performance investigator for the period between 2006 and 2012, the intention of Amazon is to become a new version of the USPS. It will not only facilitate everything getting everywhere, but also quickly.

To back up its strategic move with sufficient infrastructure, Amazon has increased its in-house logistics capacity network by 50% year over year.

While it was shipping 46.6% of its packages in 2019, it is now shipping 72% of its own packages.

To date, Amazon has completed 10 billion deliveries and boasts of a global network that comprises 400,000 drivers, 40,000 semi-trucks, 30,000 vans, and a fleet of more than 70 planes.

Around the Web

?? Binance Responds to South African Authority: Binance has said that it complies fully with local regulators and is not offering financial advice or intermediary services in response to South Africa’s Financial Sector Conduct Authority’s warning.

?‍? Fieldin Raises $30 Million: In a round led by Fortissimo Capital along with participation from the Zeev Ventures, ICON Accelerator, Maor Investments, and Akkadian, the US-Israeli agri-tech startup, running automatic commercial farms, has raised $30 million in Series B funding.

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