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Can Tesla join $1 trillion club with 5 major issues?

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Tesla’s performance in stock market remained fluctuated since CEO Elon Musk’s decision to buy $1.5 billion Bitcoin and rising concerns about safety and quality of Tesla vehicles from Chinese customers.

However, the company gained 30 percent at the S&P 500 after it registered record profit in second quarter.

Analysts predict another feat for the company when it will be publishing its positive results backed by strong shipments in the past three months despite hike in its prices due to a chip shortage and supply issues. With the potential positive financial results, the $870 billion carmaker could join the club of corporate titans like Amazon, Microsoft and Apple, which have over $1 trillion value.

Earlier this month, Musk claimed that his company can keep at least 50 percent annual growth rate in sales. He only considered the issue of shipment from China, playing down the chip shortage. But this problem would be wiped out with the opening of a new factory in Europe that would reduce burden of imports from China.

However, there are still 5 major issues that can create a hurdle for Tesla to join $1 trillion club.

Gigafactory Berlin-Brandenburg

Tesla’s upcoming project in Germany is facing a challenge from the local advocacy groups who are voicing concern over the plant’s effects on the region. A German television channel also run a documentary over the potential threats to the region’s water supply and the carmaker’s so-called anti-union policies. The company is depending on the plant for massive production for Europe and Musk wants to deliver the first Model Y vehicles from the factory before year-end. But Musk may have to demolish the plant if the site does not get final approval.

Cybertruck

Tesla has suddenly withdrawn its upcoming Cybertruck from its online ordering site without giving any explanation. The move shocked over one million customers who had already placed their orders. There are some speculations that Tesla pulled the vehicle due to rising cost or it was just like Musk’s previous decision when he cancelled the Model S Plaid+ this summer. This move may be risky for Tesla at the time when its rival Rivian is launching R1T.

Megapack

Tesla is working on storing renewable energy after soaring prices of various fossil fuels. The company has already installed its household Powerwall and industrial-size Megapack systems in Lathrop, California. Houston city is also set to install Tesla’s 100 MW battery farm. But the overall project is slowing down with the chips required for these products being supplied to the company’s cars.

Full Self-Driving beta

This month, Tesla gave early access of Full Self Driving beta program to its American customers. The move has created some risks as well. Analysts are raising questions that how the experimental technology can be given to customers. They are also of the view that the program’s name is misleading as it shows the system has the capability of self-driving which it does not have. Musk has also proposed that the program should not be handed over to the customers having poor driving records. Despite Musk’s suggestion, Tesla granted Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, access to the program, ignoring his terrible official safety score.

Tesla Bot

Tesla announced its Project Optimus in August to develop a humanoid robot prototype. Musk had claimed that the bot would be able to perform dangerous tasks. However, he also warned of threats of artificial intelligence. The project was launched jut weeks after Tesla’s South Korean rival Hyundai purchased Boston Dynamics to produce robots. Analysts are raising concern over Tesla’s project despite AI threats.

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Resorts World Cruises Celebrates Maiden Sailing from Dubai

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Resorts World Cruises, the World-Class Cruise Line that Knows the Gulf Best had arrived in Dubai with the Resorts World One commencing her first sailing from 1 November 2024 onwards. The 1800-passenger cruise ship departs from the Port Rashid Cruise Terminal 2 in Dubai three times a week to the Gulf destinations.

A special celebratory event was held on the ship today with close to 600 invitees to commemorate this milestone event. Resorts World Cruises’ President, Mr. Michael Goh and its senior management welcomed onboard regional dignitaries, authorities, members of the press and key influencers. The port-stay event included a series of special memento presentations with invitees having the chance to experience the onboard LIVE performances, the wide array of cuisines and a guided ship tour of the ship’s accommodations, facilities and offerings.

As part of the inaugural sailing celebration, guests can look forward to special added-value promotions. This includes receiving complimentary Food & Beverage Onboard Credits valued at AED 700 or US$190 per cabin for sailings in November for both the 3-Night Oman Cruise and the 2-Night Qatar Cruise. During the deployment, the Resorts World One will provide exciting new vacation options from Dubai for the weekend with the 2-Night Sir Bani Yas Weekend Cruise departing Fridays. Guests can also look forward to the 2-Night Doha (Qatar) Cruise departing Wednesdays and the 3-Night Muscat-Khasab (Oman) Cruise departing Sundays. For longer cruises, guests may combine the itineraries to become a 4-, 5- and 7-Night cruise.

“We have been counting down the days and we are delighted that the Resorts World One has arrived in Dubai and is ready to sail. We would like to extend our sincere thanks to the local and regional governments, authorities, travel business partners, media and our guests for the support. We are looking forward to bringing unique experiences to the Gulf region and we are excited to launch our first cruise with a special onboard Diwali celebration for the entire week,” said Mr. Michael Goh, President, Resorts World Cruises.

Mr. Saud Hareb Almheiri, Cruise Tourism & Yachting Lead at the Dubai Department of Economy and Tourism (DET), said: “Dubai extends its warmest congratulations to Resorts World Cruises on the successful launch of its new services, which it is proud to be the homeport for. This significant development underscores Dubai’s ongoing growth as a premier cruise destination, attracting world-class operators, and providing exceptional experiences for global travellers seeking to explore the region, as envisioned by our leadership, and in line with the goals of the Dubai Economic Agenda, D33, to further consolidate Dubai’s position as a leading global city for business and leisure. As we embark on an exciting new season, we would like to extend our gratitude to our partners and stakeholders, whose unwavering support has made this possible. Together, we look forward to further reinforcing Dubai’s position as the cruise hub of the region.”

The Resorts World One is certified by the highly reputable Organisation of Islamic Cooperation and The Standards and Metrology Institute with the ship offering certified Halal cuisines, including vegetarian / Jain cuisine; and Muslim-friendly onboard offerings, which will provide peace of mind for Muslim guests from the Gulf and across the region.

For more information or bookings, please visit www.rwcruises.com or email to enquire@rwcruises.com or contact your local travel agent.

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World Biohack Summit 2024: Revolutionizing Human Performance Optimization

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Following the overwhelming success of last year’s event, we’re back—bigger, better, and set to deliver the largest biohacking experience in the MENA region. If you’re passionate about enhancing your health, wellness, and performance, this is the event you cannot afford to miss.

This year’s theme, Human Performance Optimization, is centered around five key pillars: Longevity, Peak Performance, Age Reversal, Recovery, and Mental Health. The World Biohack Summit 2024 will gather global pioneers and experts in biohacking to explore these pillars and the innovations shaping the future of human potential.

Expect immersive experience zones where you can interact with cutting-edge biohacking equipment, hands-on workshops led by top experts, and the opportunity to test the latest tools and techniques driving this rapidly growing field.

Powered by global sponsors, the event will showcase keynote speeches and panel discussions from the brightest minds in wellness and performance optimization, with all sessions focused on actionable insights that can transform your daily life. Whether you’re looking to connect with fellow enthusiasts, wellness professionals, or thought leaders, the summit offers unparalleled networking opportunities.

At the heart of this event is Dr. Sajeev Nair, renowned transformation strategist, biohacker, and founder of Vieroots. As the chief curator of the World Biohack Summit 2024, Dr. Sajeev’s pioneering work in epigenetic lifestyle modifications has impacted over a million lives, making him a global leader in the biohacking space.

The summit will take place on October 18th and 19th at the luxurious JW Marriott, Dubai Marina. Don’t miss your chance to be part of the future of human optimization at the World Biohack Summit 2024—where you can unlock your full potential and elevate your life to the next level.

Date: 18th & 19th of October
Venue: JW Marriott, Dubai Marina
Time: 8 am to 6 pm
Tickets: https://dubai.platinumlist.net/event-tickets/94058/world-biohack-summit-2024
Website: www.worldbiohacksummit.com

The UAE’s premier event focused on human performance optimization and biohacking. Gathering global pioneers in health, wellness, and cutting-edge technologies, the summit offers immersive workshops, expert-led discussions, and hands-on access to the latest in biohacking tools and techniques.

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Colliers Project Leaders, Middle East secures $250-million World Trade Center, Yerevan project

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Leading diversified project management firm, Colliers Project Leaders – Middle East, has won the mandate to deliver end-to-end project management solutions for Armenia’s new World Trade Center in Yerevan, valued at USD ~250 million. A public-private partnership between the Armenian government and Renshin Ltd., the project is designed to be a state-of-the-art mixed-use development that will be home to commercial spaces, offices, retail outlets, hotels and exhibition halls. Well known for its expertise in the real estate industry and project management, Colliers has a proven track record of delivering large-scale, marquee projects including the World Trade Center in Bengaluru, India.

Colliers Project Leaders has a growing presence in the Middle East and has earned widespread recognition for its delivery of superior projects over the years, across segments like infrastructure, residential, education, healthcare and office. Known for its visionary leadership and the adoption of advanced tools and technologies, the firm has been redefining project management in the Middle East.

“We have always placed a strong emphasis on consistently growing our capabilities to keep up with the needs of the market. Whether it is the adaption of global best practices or the development of pioneering technologies, our end goal has always been to deliver superior outcomes. A project of this scale requires industry-leading strategic and technical expertise, which is our proven capability. We are grateful to Renshin Limited and the Government of Armenia for entrusting us with this marquee assignment and look forward to collaborating with our internal and external stakeholders in Middle East, India and Georgia to bring it to life.”, says Sankey Prasad, Chairman & Managing Director, Middle East & India, Colliers.

“The World Trade Center Yerevan project is a mixed-use, net-zero, landmark real estate development promising to become the new face of Yerevan. To deliver upon this promise, we are engaging the top talent, top expertise, and top global firms. After a rigorous and tough tendering process, we are glad to announce that Colliers Project Leaders were selected to become our trusted partners. We are especially happy and proud that our project has triggered Colliers International Group Inc. – Nasdaq & Toronto listed, Canada-based global professional services and investment management company, specializing in real estate, to enter Armenia and set up a permanent presence. This move is fully aligned with WTCY mission to promote international business relationships and expand Armenia’s participation in the world trade and investment. Looking forward to work with our esteemed Colliers colleagues in this unique endeavour”, says Artashes Tonoyan, CEO & Executive Committee Chair, World Trade Center Yerevan.

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