• Tesla chief executive Elon Musk on stage with Dan Priestly, a senior manager at the company, during the unveiling of the Tesla Semi electric truck. All photos: Reuters
    Tesla chief executive Elon Musk on stage with Dan Priestly, a senior manager at the company, during the unveiling of the Tesla Semi electric truck. All photos: Reuters
  • Mr Musk speaks to the audience in Nevada
    Mr Musk speaks to the audience in Nevada
  • The Tesla Semi is unveiled
    The Tesla Semi is unveiled
  • The event was streamed live
    The event was streamed live
  • Tesla calls its new vehicle 'the future of trucking'
    Tesla calls its new vehicle 'the future of trucking'
  • It has a range of about 800km
    It has a range of about 800km
  • Tesla's new electric semi truck is unveiled during a presentation in Hawthorne, California, US, November 16, 2017. Reuters
    Tesla's new electric semi truck is unveiled during a presentation in Hawthorne, California, US, November 16, 2017. Reuters

Elon Musk delivers Tesla's first long-haul Semi truck to Pepsi


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Tesla chief executive Elon Musk delivered the company's first heavy-duty Semi to Pepsi on Thursday, making good on a pledge he made in October, but without offering updated forecasts for the cargo-hauling vehicle's pricing or production plans.

Mr Musk, who appeared on stage at an event at Tesla's Nevada plant, said the battery-powered, long-haul lorry would reduce emissions, outperform existing diesel models on power and safety and spin-off a fast-charging technology Tesla would use in its upcoming Cybertruck pickup.

To demonstrate the truck's capabilities and range, Tesla, the world's biggest electric car manufacturer, tweeted a time-lapse video in which a "fully loaded" Semi travels 500 miles (805 kilometres) on a single charge, a feature Mr Musk had teased in October.

The Semi accelerates from zero to about 100 kilometres an hour in 20 seconds, Tesla said.

“If you're a trucker and you want the most badass rig on the road, this is it,” Mr Musk said, noting that it was five years since Tesla had announced it was developing the all-electric vehicle.

"The sheer amount of drama between the last one and now is insane. A lot has happened in the world, but here we are, it's real," he said at the live-streamed unveiling.

The Semi was first unveiled in 2017 when Mr Musk said, tongue in cheek, that it could “transform into a robot, fight aliens and make one hell of a latte” and also claimed it would “blow your mind clear out of your skull and into an alternate dimension”.

On a more serious note, he said at the time that the cost of ownership of the Semi would be 20 per cent less per mile compared with diesel trucks, while also having faster acceleration, better uphill performance and “thermonuclear explosion-proof glass”.

Autopilot and lane-keeping technology would be present, and jackknifing would be “impossible”, Mr Musk said.

Still, industry experts remain sceptical that battery electric lorries can take the strain of hauling hefty loads for hundreds of miles economically.

Tesla did not announce pricing for the Semi at the Thursday event, provide details on variants of the vehicle it had initially projected or supply a forecast for deliveries to Pepsi or other customers. Tesla said it would begin using the Semi to ship parts to its plant in Fremont, California.

In 2017, Tesla said the 300-mile-range version of the Semi would cost $150,000, and the 500-mile version $180,000, but Tesla's passenger electric vehicle prices have increased sharply since then.

Pepsi, which completed its first cargo run with the Semi, had ordered 100 of them in 2017.

Mr Musk said the Semi had been doing test runs between Tesla's Sparks, Nevada factory and its plant in Fremont. Tesla said it had completed a 500-mile drive on a single charge with a Semi weighing in at 81,000 pounds in total, without giving a breakdown of cargo weights.

Some observers voiced doubts about the presentation, which ended without Mr Musk taking questions.

“Not very impressive — moving a cargo of chips (average weight per pack 52 grams) cannot in any way be said to be definitive proof of concept,” said Oliver Dixon, senior analyst at consultancy Guidehouse.

Tesla had initially set a production target for 2019 for the Semi, which was first unveiled in 2017.

The Semi is capable of charging at 1 megawatt and has liquid-cooling technology in the charging cable in an updated version of Tesla's Supercharger that will be made available to the Cybertruck, Mr Musk said.

The Cybertruck is scheduled to go into production in 2023.

Tesla said other, future vehicles would use the powertrain technology developed for the Semi without providing details.

Mr Musk said the Semi has three times the power of any diesel-powered lorry and uses regenerative braking to improve efficiency.

In a slide displayed as part of Mr Musk's presentation, Tesla showed an image of a future “robotaxi” in development with a mock-up of the future car covered under a tarp.

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
All%20We%20Imagine%20as%20Light
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPayal%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Kani%20Kusruti%2C%20Divya%20Prabha%2C%20Chhaya%20Kadam%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man

Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20The%20Cloud%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20George%20Karam%20and%20Kamil%20Rogalinski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Food%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%2410m%2B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Olayan%20Financing%2C%20Rua%20Growth%20Fund%3C%2Fp%3E%0A
Updated: December 02, 2022, 6:53 AM