ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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TESLA ROLLS OUT LOWER-PRICED VERSIONS OF TWO EVS TO REGAIN MARKET SHARE DURING CHALLENGING YEAR. (PHOTO).

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 Tesla rolls out lower-priced versions of two EVs to regain market share during challenging year

Tesla introduced lower-priced versions of two of its electric vehicles on Tuesday, aiming to boost sales amid a challenging year, but the move failed to reassure investors, and the company’s stock dropped sharply.

The new Model Y, priced just under $40,000 with a simplified interior, arrives as Tesla contends with an aging lineup, growing competition from foreign EV makers, and backlash tied to Elon Musk. Tesla also launched a more affordable Model 3 for under $37,000, which drops below $35,000 for New York buyers after state rebates. Analysts noted that the new offerings are far from the $25,000 vehicle Tesla once promised and may struggle to drive significant sales, especially following the expiration of the $7,500 federal EV tax credit.

The stock market responded cautiously: Tesla shares fell 4.5% to $443.09 on Tuesday, after gaining more than 5% the previous day in anticipation of the announcement. Edmunds analyst Ivan Drury said, “Investors were looking for something truly different, not an iteration of an old product. I can’t imagine this will bring levels back to what they want.”

Compared to previous versions, the new Model Y has a shorter 321-mile driving range, fewer audio speakers, a fabric interior rather than microsuede, no panoramic glass roof, and lacks a second-row touchscreen. The new Model 3 also trims its driving range, ambient lighting, and other features. Both models face stiff competition around the $40,000 price point from the Ford Mustang Mach-E, Chevrolet Equinox EV, and Hyundai Ioniq 5.

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