ALLEGED WIRETAPPING: COURT REJECTS EL-RUFAI’S NO-CASE SUBMISSION, ORDERS HIM TO ENTER DEFENCE. (PHOTO).

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ALLEGED WIRETAPPING: COURT REJECTS EL-RUFAI’S NO-CASE SUBMISSION, ORDERS HIM TO ENTER DEFENCE A Federal High Court in Abuja has ordered former Kaduna State Governor, Nasir El-Rufai, to enter his defence, if he so desires, in his ongoing trial over the alleged unlawful interception of the telephone communications of the National Security Adviser, Nuhu Ribadu. Justice Joyce Abdulmalik gave the order on Monday while ruling on El-Rufai’s no-case submission. The judge dismissed the application, holding that the prosecution had presented sufficient evidence to warrant calling on the defendant to enter his defence. The court adjourned the case until November 25 for the defence.
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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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