Tesla Delivered Nearly 1 Million Electric Vehicles ? in 2021

If you enjoyed the newsletter, please share it with a friend who’d find it useful.

-Scott

Share ROI Overload


Tesla Delivered Nearly 1 Million Electric Vehicles ? in 2021

(Image Source)

Electric vehicle maker Tesla has delivered a record 936,172 vehicles in 2021.

This delivery figure is an 87% percent increase over the delivery of 499,550 vehicles the company made in 2020.

In Q4 2021, Tesla achieved production of over 305,000 vehicles and deliveries of more than 308,000 vehicles.

Of those deliveries, 296,850 were for the Model 3 and Y, while 11,750 were for the Model S and X.

Tesla’s Model 3 and Y made up the major share of deliveries throughout the entire year with 911,208 deliveries, as compared to 24,964 deliveries of Model S and X.

Earlier in January 2021, Tesla had said that the company was aiming to boost its vehicle deliveries by 50 percent per year over, and the company’s results show that it has far exceeded that goal.

“Great work by the Tesla team worldwide!,” CEO Elon Musk said 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.

Chip Sales Will Grow Nearly 10% ⬆️ in 2022, Says Report

(Image Source)

The global chip shortage that cramped the output of auto and electronics industries last year will ease in 2022 as the chip sales are expected to grow by about 10% in 2022, according to a report by credit insurance company Euler Hermes.

Analysts at Euler Hermes said, “The current semiconductor cycle is firing on all cylinders as the industry emerges from the worst recession in 2019.”

Moreover, the analysts said that they expect chip sales to grow by another 8% and surpass $600 billion for the first time in 2022. They said this is a 26 percent growth on top of $553 billion in 2021.

The increased effect of the coronavirus pandemic happens to be one of the major reasons amongst others that created a global chip shortage in 2021. Other possible reasons include the U.S.-China trade war.

The global semiconductor shortage affected various industries including, automobiles, electronics, etc., to keep up with the global consumer demand.

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 ?? Recover $6.6 Million Tax on Commissions From WazirX 

(Image Source)

Crypto exchange platform WazirX has reportedly been asked to pay more than $6.6 million over non-payment of Goods and Services Tax (GST) on trade commissions.

WazirX, which is one of the popular crypto exchange platforms in India, is managed by Zanmai Labs Pvt Ltd, and cryptocurrency WRX is owned by Binance Investment, Seychelles.

The platform offers users to trade in the Indian rupee or WRX (which needs to be bought from the exchange).

The company charges a commission on each transaction in cryptocurrency from both buyer and seller.

Each transaction in rupee attracts a commission of 0.2%, while the transaction in WRX attracts a commission of 0.1%.

However, an investigation from the GST department of Mumbai, India, showed that the company used to collect revenue from the commission as deposit fees, withdrawal fees, and trading fees but paid GST only on commission earned in rupee and evaded GST on commission earned in WRX.

Now, the crypto exchange has been asked to pay $6.62 million, which includes $5.43 million in pending tax, and the remaining amount as an interest, and a penalty for non-payment.

Data Labelling Service Provider AIMMO Raises $12 Million in Series A Round ?

(Image Source)

AI data labelling service provider, AIMMO, has raised $12 million in its series A funding round to improve its data labelling technology.

The funding saw participation from seven venture capital firms including the Industrial Bank of Korea, DS Asset Management, S&S Investment, Toss Investment, Hanwha Investment & Securities, Korea Asset Investment & Securities, and Venture Field.

Founded in 2016 by SeungTaek Oh, AIMMO is a fast-growing AI data labelling service provider for various companies.

The startup creates a big volume of training data accurately and quickly so that more industries and enterprises can utilize AI.

The company’s user-friendly interface allows for hassle-free data annotation without needing any installation or coding process.

AIMMO’s solution is specially designed to improve the productivity of data labelling projects by managing tasks with and reducing workforce management costs.

Currently, AIMMO has 200 employees globally and over 10,000 data labelers. With the latest funding, the company plans to further improve its data labelling technology and drive global expansion.

Around the Web ?

Valereum Blockchain Acquires Gibraltar-Based Group Juno: Valereum Blockchain has acquired Gibraltar-based company Juno Group for £850,000. The acquisition will help Valereum to create a fully regulated link between the crypto and fiat environment, which complements Valereum’s work with the Gibraltar Stock Exchange (GSX).

India Sees Record Number of IPOs And Unicorns in 2021: The Indian startup market saw tremendous growth last year, with as many as 44 companies joining the unicorn club in 2021. In addition, the market has also been abuzz with a record number of 65 IPOs getting listed in the calendar year 2021.


Podcast

If you like the content in this newsletter, there’s a pretty good chance you’ll like my podcast, “Success Story”, where I unpack the playbooks of entrepreneurs, executives and other high performing individuals.

Latest Episode ?

Check Out The Podcast


Newsletter & Podcast Sponsors

These sponsors make the newsletter & podcast possible. Check out their offers and show them some love.

1. Canva — Create Content & Design Anything (No Skill Required)

https://canva.me/successstory — Free 45 Day Canva Pro Trial

2. Crowdhealth – A Better Insurance Alternative

https://JoinCrowdHealth.com/99 (Code: SuccessStory)

3. Laika — Compliance Tools & Software

https://heylaika.com/success (20% Off)

4. Playbook — Grow Your Wealth

https://helloplaybook.com/scott

5. Get Abstract – Summarizes and Rates Thousands of Books

https://getab.li/success

7. Manly Bands—Bands For Men

https://manlybands.com/successstory (21% Off)

8. Postie—Direct Mail for Digital Marketers.

https://postie.com/successstory (Free Demo)

9. Shopify—Ecommerce Tools

shopify.com/successstory,

10. TrueBill—Finds & Cancels Subscriptions

linkedin.com/successstory

11. Long Shot Leaders Podcast – Interviews With Underdogs Who Found Success

longshotleaders.com

12. Netsuite — Get Insight Into Your Business

https://netsuite.com/scottclary


If you enjoyed the newsletter, please share it with a friend who’d find it useful.

-Scott

New podcasts & articles to your inbox.

No Spam. Promise.

Pin It on Pinterest

Skip to content