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Spotlight Stories

Elon Musk’s former Chief Engineer creates new electric car, claims it’s better than Tesla

Tesla’s former Chief Engineer says his own electric car will be the fastest, longest-range electric vehicle on the planet.

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Peter Rawlinson, an ex-Engineer at Tesla has created his self-driving Car called Lucid Air. The 169,000 dollars car is coming this spring and Peter claims that it is the fastest, longest-range electric vehicle on the planet.

10 years ago, Rawlinson engineered the Tesla model S. He feels so strongly that Lucid Air will become the world’s best electric car. This is the same feeling he had when he was the Chief Engineer for Tesla S and now we can see how the Tesla S has become mainstream.

According to Rawlinson. The “Dream” edition of the Air tops the S with an industry-leading 517 miles per charge, faster recharging, and the ability to go from 0 mph to 60 mph in just over 2 seconds.

READ: FG to buy only locally assembled vehicles for its use

He also plans to leverage the Air’s 1,080-horsepower propulsion technology—which he claims is the world’s most efficient—to power cheaper electric vehicles.

His five years plan is to sell hundreds of thousands of mid-$40,000 electric cars and also help big automakers sell $25,000 mass-market electric vehicles–the very same objective that his old boss, Elon Musk, is chasing.

Saudi Arabia’s sovereign wealth fund owns two-thirds of Rawlinson’s company and that is where he intends to build his cars.

READ: Elon Musk’s wealth jumps in 2021, more than top 5 billionaires combined

What you should know

  • The Biden Administration is already making owning an electric vehicle a priority so as to reduce the use of fossil-fuel vehicles.
  • This new implementation has seen more automobile companies like General Motors making plans to produce only electric vehicles by 2035, Ford and Volkswagen also have aggressive plans to move away from fossil fuels.
  • The new wave of electric vehicles will expand the global supply for Electric vehicle parts as consumer interest rises. The first Air customers will take delivery this spring.

Janet John is a graduate of Chemical Engineering from the University of Uyo. She specializes in technical writing where she creates easy to read documentation, articles to clearly and efficiently explain highly complex processes. When she is not writing, she works as a freelance front-end developer

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Business

More Nigerians don’t trust government, fear losing jobs more than COVID-19 – Report

The 2021 Edelman Trust Barometer has revealed that Nigerians trust NGOs, businesses more than they trust the government.

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Cross section of Nigerians

A recent survey has revealed that only 24% of Nigerians have trust in the government which is one of the lowest rates in the world. The report also stated that Nigerians have more fear of job losses than Covid-19.

The was revealed in the 21st Edelman Trust Barometer Survey Report on Nigeria unveiled virtually by Edelman and its Exclusive Nigerian Affiliate, Chain Reactions Nigeria, in Lagos on Tuesday, 23 February 2021.

Presenting the 2021 Nigeria findings with the theme: ‘Pandemic’s Ongoing Impact on Trust’, CEO of Edelman Africa, Jordan Rittenberry, noted that Nigerians are looking to civil society organisations and businesses to assist the government in uplifting communities and driving positive change.

The 2021 Edelman Trust Barometer Report revealed that “out of the four institutions of government, business, media and Non-Governmental Organisations (NGOs), Nigerians trust civil society organisations the most, with businesses coming second.” 

Highlights of the survey include:

  • Most Nigerians expressed distrust for the media and returned the lowest trust quotient in the world for government with 24%.
  • Nigerians overwhelmingly placed the highest Trust in their ‘employers’, and in the process revealed their expectations for CEOs and business leaders to be more pro-active in speaking out on societal issues (92%) and driving positive change (79%) rather than wait for government.
  •  Nigerians fear losing their jobs more than they fear coronavirus, with a high degree of vaccine hesitancy revealed, as only 26% expressed readiness to take the COVID-19 vaccine when made available.

Laolu Akande, the Senior Special Assistant on Media to Vice President Yemi Osinbajo said: “Distrust in government is not peculiar to Nigeria. However, the government does have the responsibility to up its game in communication, to demonstrate responsibility and responsiveness.”

Akande cited the acclaimed National Social Intervention Programmes, and the COVID-19 Survival Fund as some evidence of the Muhammadu Buhari administration’s unprecedented responsiveness to Nigerians.

In case you missed it

Nairametrics reported last month that only 68.8% of Nigerians believe Covid-19 is real. While 39.9% of Nigerians say they will take the vaccine, 63.3% are opposed to another lockdown, in a report by SBM Intel

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Business

SEC denies knowledge of Oando shareholder’s court case

SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.

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unclaimed dividend, SEC restrains fintech company, Chaka from advertising or offering for sale shares

The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.

SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.

It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.

“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”

What you should know

  • On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
  • He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
  • In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.

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