Smart home
Elon Musk Sells 4.4 Million Tesla Shares Worth $4 Billion
Musk said in a tweet that there are “no further TSLA sales planned after today.” He sold 4.4 million shares on Tuesday and Wednesday, according to the filings, equating to 2.6 percent of his stake in the company.
The sale came after Musk on Monday clinched a deal to buy Twitter for $44 billion (roughly Rs. 3,36,690 crore) cash in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. Musk’s net worth is $268 billion (roughly Rs. 20,50,725 crore), according to Forbes.
As part of the deal, Musk said he would provide a $21 billion (roughly Rs. 1,60,690 crore) equity commitment.
It is not clear how he will cover the remaining $17 billion (roughly Rs. 1,30,090 crore) of equity financing. Musk holds a 43.61 percent stake in unlisted rocket company SpaceX that is reportedly valued at $100 billion (roughly Rs. 7,65,230 crore).
Musk has been looking for partners to reduce his equity contribution to the deal, a person familiar with the matter told Reuters, adding that it is far from certain such a partner will emerge.
This is his first Tesla stock sale since he offloaded $16.4 billion (roughly Rs. 1,25,500 crore) worth of shares in November and December after polling Twitter users about selling 10 percent of his stake in the electric car maker.
Musk said on Twitter that he would pay more than $11 billion (roughly Rs. 84,140 crore) in taxes in 2021 due to his exercise of stock options set to expire this year.
Some traders have fretted this week that Musk may not have enough money sitting around to fund his $21 billion (roughly Rs. 1,60,690 crore) cash contribution and could walk away from the deal, weighing on Twitter shares.
Tesla shares have fallen nearly 20 percent since Musk disclosed his over 9 percent stake in Twitter on April 4. Investors have expressed concern that Musk may have to sell Tesla shares to fund his equity contribution to the takeover offer.
As part of the Twitter deal, Musk also took out a $12.5 billion (roughly Rs. 95,600 crore) margin loan tied to his Tesla stock. He had already borrowed against around half of his Tesla shares.
© Thomson Reuters 2022
Smart home
Dyson WashG1 Wet Floor Cleaner Unveiled With Dual Microfiber Rollers
India price details of Dyson WashG1 wet floor cleaner have not been announced yet. It is confirmed to be available soon in the country. In Australia, the device is listed for sale with a price tag of AUD 999 (roughly Rs. 83,000)
Dyson WashG1 specifications, features
Dyson WashG1 uses hydration, absorption, and extraction methods to pick up wet and dry debris in a single sweep. It is claimed to clean up to a 290 square meter area with a one-litre clean-water tank. The device features two individually powered microfiber rollers with 64,800 filaments per square centimetre. The rollers, placed at the front and back of the machine, counter-rotate whilst a pulse-modulated pump distributes water across 26 precisely positioned hydration points, along the full width of each roller. The mop uses the company’s latest separation technology to divide wet and dry debris at the source.
The Dyson WashG1 has been designed with in-use hydration control and users can select it based on the type of debris, flooring and personal preference. There are low, medium, and high hydration modes. Each motor will spin at a consistent speed following the hydration mode selected. Each mode also features an additional three sensitivity settings and a separate boost mode button to purge each roller with the maximum amount of hydration when pressed, to remove stubborn dirt and dried-on stains.
Dirty water is extracted from the rollers of Dyson WashG1 by extraction plates. It includes a secondary nylon-bristled inner brush to scrape out dirt from the microfibre rollers and flick it straight into a removable debris tray. The tray designed with 500-micron mesh can separate dirty water from the large debris. With the help of an extraction pump, dirty water is collected in a 0.8-litre capacity dirty water tank with openings to allow for easy maintenance and cleaning.
Dyson WashG1 also comes with a self-cleaning mode that uses clean water to flush out the system and clean the brushes in preparation for the next clean in 140 seconds.
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Smart home
Amazon Fire TV Stick 4K (3rd Gen) Launched in India: Price, Features
Amazon Fire TV Stick 4K price, availability
Just like its predecessors, the Amazon Fire TV Stick 4K comes in a single matte black colour option. The device is priced at Rs. 5,999 and is currently available for pre-order on Amazon’s website. The company said that the streaming device will go on sale starting May 13. Apart from Amazon, the Fire TV Stick 4K can also be purchased via the online and offline stores of Croma, Reliance Digital, and Vijay Sales once it goes on sale.
Amazon Fire TV Stick 4K features
The Amazon Fire TV Stick 4K, as the name suggests, features 4K Ultra HD content streaming and supports HDR10+. Alongside, it also comes with Dolby Vision and Dolby Atmos audio. The company claims this is the most powerful streaming device in Amazon’s Fire TV lineup that is available in India.
Under the hood, the Fire TV Stick 4K features a 1.7GHz quad-core processor, which Amazon claims makes it 30 percent more powerful than the previous generations. It offers Wi-Fi 6 connectivity with support for both 2.4GHz and 5GHz Wi-Fi bands. The new Alexa Voice Remote now also features dedicated buttons for apps. Users can find buttons for Netflix, Amazon Prime, and Amazon Music.
Further, an apps button opens all other installed video streaming apps. Just like the predecessor, the remote comes with voice input powered by Alexa and users can speak what they want to watch and the virtual assistant will show it on the screen. Users can also wirelessly connect their Echo devices to the Fire TV Stick 4K through the Alexa app.
The Fire TV Stick 4K offers access to more than 12,000 apps via Amazon’s Appstore including popular apps such as Disney+ Hotstar, Zee5, and Jio Cinema. Users can watch content through all the available apps as long as they have a subscription. They can also enjoy free and ad-supported content on Amazon MiniTV, YouTube, and MX Player. The company has also included a Low Power Mode, which it claims will conserve energy when the device goes to sleep or standby mode due to inactivity.
Smart home
Redmi Buds 5A, Xiaomi Robot Vacuum Cleaner S10 and More Launched in India
Redmi Buds 5A, Xiaomi Robot Vacuum Cleaner S10 and Xiaomi Handheld Garment Steamer price in India
Redmi Buds 5A price in India is set at Rs. 1,499 and the company says this is a “special launch price”, which means it could be revised at a later date. The wireless headset available in Bass Black and Timeless White colourways and will be available starting on April 29, via the company’s online store, Xiaomi retail stores, and Reliance-owned stores in the country.
The Xiaomi Robot Vacuum Cleaner S10 price is set at Rs. 20,999. The smart home device will be available via Amazon, Flipkart, and Xiaomi retail stores starting on May 6, while pre orders will begin on April 29. Customers can also avail of a Rs. 1,000 discount on HDFC Bank and SBI credit card and credit card EMI transactions.
Meanwhile, Xiaomi Handheld Garment Steamer is priced at Rs. 2,299. Customers can purchase the appliance via Amazon, Flipkart, the company’s online store, and Xiaomi retail outlets starting on May 6, while pre orders will begin on April 29, according to the company.
Redmi Buds 5A, Xiaomi Robot Vacuum Cleaner S10 and Xiaomi Handheld Garment Steamer specifications
The Redmi Buds 5A is equipped with 12mm dynamic drivers, according to the company. It supports up to 25dB ANC and transparency modes for media, along with artificial intelligence (AI) environmental noise cancellation (ENC) for calls. The wireless headset also supports touch controls that can be customised via the Xiaomi Earbuds app and comes with Google Fast Pair support.
It is claimed to offer up to 30 hours of battery life (with ANC disabled), and Xiaomi hasn’t disclosed how long the Redmi Buds 5A will work on single charge. The TWS headset will also provide 90 minutes of playtime with a 10-minute charge, according to the company. It has an IPX4 rating for splash resistance.
The Xiaomi Robot Vacuum Cleaner S10 is equipped with a 360-degree laser-based navigation system that is capable of moving around obstacles within an 8-meter scanning range, according to the company. It features a peak suction power of 4000Pa and a floating roller brush and a 300ml dust box.
The company’s latest vacuum cleaner can sweep and mop in Y-shaped and zigzag cleaning paths using custom map functions, with Silent, Standard, Strong, and Turbo modes. It supports both Alexa and Google Assistant voice command. It also supports over the air (OTA) updates that could improve its functionality at a later date.
Meanwhile, the Xiaomi Handheld Garment Steamer has a ceramic sole plate. The foldable 1300W device has a steam rate of 24g per minute, has a 160ml water storage unit, and heats up in under 26 seconds, according to the company. It is claimed to kill up to 99.99 percent of bacteria, while removing allergens. The device works with a range of fabrics, including cotton, linen, wool, nylon, silk, and polyester. It can also be used in horizontal and vertical modes, and can be used without an ironing board.
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