News

Tesla slashes FSD beta software price to $12K   After significantly reducing the price of its electric vehicles (EVs), Tesla has now slashed the price of its “full self-driving” (FSD) beta software by 20 per cent. The Tesla FSD beta software now costs $12,000, a $3,000 or a 20 per cent decrease. Tesla owners can buy FSD at reduced price which includes all the “enhanced autopilot” features as well as the ability to detect and (ideally) stop at traffic lights and stop signs.  In July, Musk offe...
Tesla slashes FSD beta software price to $12K
Tesla slashes FSD beta software price to $12K
Source: IANS
2/09/2023 10:23:36 AM
Tesla cuts prices up to 19%, Model X now qualifies for US tax credit   Elon Musk-run Tesla on Friday reduced prices on the Model S and X electric vehicles, with price drops of up to 19 per cent in the US. People can buy a Model S for a base price of $74,990, $3,500 less than its earlier lowest price, or a Model X for $79,990, $8,500 less, reports Electrek. “That puts the Model X below the SUV cap, making it eligible for the US Federal EV Tax Credit, said the report The “base model” now has the larger battery, with an estimate...
Tesla cuts prices up to 19%, Model X now qualifies for US tax credit
Tesla cuts prices up to 19%, Model X now qualifies for US tax credit
Source: IANS
2/09/2023 10:15:42 AM
Tesla launches new Model 3 with 606-km driving range for $35,783 Elon Musk-run Tesla on Friday started taking orders for an upgraded Model 3 in China with a longer driving range that costs 259,900 yuan ($35,783), 12 per cent more expensive than the previous entry-level electric vehicle. The new basic edition of the Model 3 can go as far as 606 kms on a single charge, 9 per cent longer than the earlier version’s 556 kms, reports South China Morning Post. The long-range edition of the new Model 3, which can go 713 kms on a single charge, is selli...
Tesla launches new Model 3 with 606-km driving range for $35,783
Tesla launches new Model 3 with 606-km driving range for $35,783
Source: IANS
1/09/2023 3:58:49 PM
Global EV sales grow 50%, China market faces slowdown The global electric vehicle (EV) sales grew 50 per cent (year-on-year) in the second quarter (Q2) this year, as China’s domestic market continued to dominate globally but growth failed to keep pace with other major markets, a report showed on Thursday. Chinese EV companies continued to dominate as they enjoyed scale advantages at home, allowing them to account for 56 per cent of global unit sales, albeit the lowest Q2 in three years, according to Counterpoint Research. “BYD ...
Global EV sales grow 50%, China market faces slowdown
Global EV sales grow 50%, China market faces slowdown
Source: IANS
31/08/2023 5:30:44 PM
Tesla rival Xpeng acquires Chinese giant DiDi`s smart EV assets for $744 mn In a bid to challenge Tesla’s dominance, ride hailing giant Didi Global on Monday sold its smart EV assets to electric vehicle company Xpeng for nearly $744 million. DiDi Global and XPeng jointly announced a strategic cooperation where the two will collaborate to promote the global application of smart electric vehicles and technologies. DiDi will sell certain business assets related to its smart EV development project to XPeng, which aims to launch an A-class Smart EV model in 20...
Tesla rival Xpeng acquires Chinese giant DiDi`s smart EV assets for $744 mn
Tesla rival Xpeng acquires Chinese giant DiDi`s smart EV assets for $744 mn
Source: IANS
28/08/2023 10:37:54 AM
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax as low as 15%, compared to the current 100% that applies to cars which cost above $40,000 and 70% for the rest, said two of the sources, ...
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Source: Reuters
25/08/2023 3:11:02 PM
Tesla app gains support for automation with Apple Shortcuts Elon Musk-owned Tesla's app has gained support for automation with Apple Shortcuts. Now, Tesla owners who own an iPhone can use Siri to activate Apple Shortcuts automations without utilising third-party apps like Tessie to do so, reports The Verge. On Saturday, the auto-maker released the new version of the Tesla app, 4.24.0, with a note mentioning, "Access your vehicle controls and climate from the Apple Shortcuts app." To use Siri with Shortcuts, users have to invoke ...
Tesla app gains support for automation with Apple Shortcuts
Tesla app gains support for automation with Apple Shortcuts
Source: IANS
20/08/2023 9:51:13 AM
Tesla unveils Models S, X which are $10K cheaper amid rising competition Elon Musk run-Tesla has launched its flagship Model S and Model X with standard variants at more affordable prices in the US and Canada, slashing it by $10,000 amid fierce competition in the premium EV car market. The introduction of the Model S and Model X Standard Range was spotted on Tesla's online configurator, reports Teslarati. On Tesla’s official website, the Model S Standard Range is now priced at $78,490 before options. The Model S SR offers a range of 320 miles of ra...
Tesla unveils Models S, X which are $10K cheaper amid rising competition
Tesla unveils Models S, X which are $10K cheaper amid rising competition
Source: IANS
15/08/2023 11:47:53 AM
Tesla to build new `1st of its kind` data centres Elon Musk-run Tesla has said that it will build new "1st of its kind" data centres and is hiring staff for it and snapping up some existing data centres. According to Electrek, the majority of the world's largest companies, including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Meta Platforms (Facebook), are involved. Now, Tesla is entering the data centre business. The data centre industry has grown to be massive, with a market value of ...
Tesla to build new `1st of its kind` data centres
Tesla to build new `1st of its kind` data centres
Source: IANS
15/08/2023 11:20:09 AM
Elon Musk Tesla appoints India-origin Vaibhav Taneja as CFO Elon Musk-run Tesla has appointed Indian-origin Vaibhav Taneja as its Chief Financial Officer (CFO), as the company targets India as it next major supply ecosystem creator. Taneja is currently serving as the Chief Accounting Officer, and will take the CFO post as an additional responsibility. He will replace Zachary Kirkhorn who completes his 13-year stint with Tesla, according to repeats. "Being a part of this company is a special experience and I'm extremely proud of the work...
Elon Musk Tesla appoints India-origin Vaibhav Taneja as CFO
Elon Musk Tesla appoints India-origin Vaibhav Taneja as CFO
Source: IANS
8/08/2023 9:31:42 AM
US traffic agency probing 280K Tesla cars over loss of steering control The US National Highway Traffic Safety Administration (NHTSA) is investigating approximately 280,000 Tesla vehicles (Model 3 and Model Y) over reports of loss of steering control while driving. The malfunctioning in Tesla cars has frequently been accompanied by driver-facing messages indicating that power steering assist is reduced or disabled, reports CNBC. The NHTSA received 12 complaints alleging loss of steering control and power steering in the vehicles. “Vehicle steering ...
US traffic agency probing 280K Tesla cars over loss of steering control
US traffic agency probing 280K Tesla cars over loss of steering control
Source: IANS
2/08/2023 11:03:06 AM
Tesla begins email campaign for FSD transfer Elon Musk-run Tesla has started a new email campaign to urge Tesla owners who have the Full Self-Driving (FSD) package to upgrade to a new car and transfer the FSD package. The transfer terms and the email campaign reveal that what Musk called an "offer of amnesty" is nothing more than Tesla triggering a demand surge, according to Electrek. Last week, when he announced Tesla's decision to permit the transfer of an FSD package to a new vehicle, it sparked speculation that t...
Tesla begins email campaign for FSD transfer
Tesla begins email campaign for FSD transfer
Source: IANS
30/07/2023 6:26:57 PM
Tesla executives hold market entry talks with India investment agency Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000, around 25% cheaper than Tesla's current entry model, for both the Indian market and export. ...
Tesla executives hold market entry talks with India investment agency
Tesla executives hold market entry talks with India investment agency
Source: Reuters
29/07/2023 9:19:44 AM
Tesla to discuss factory plan for new $24,000 car with India commerce minister Tesla representatives are set to meet India’s commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters. Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle. T...
Tesla to discuss factory plan for new $24,000 car with India commerce minister
Tesla to discuss factory plan for new $24,000 car with India commerce minister
Source: Reuters
24/07/2023 6:19:04 PM
Tesla offers one-time free FSD software transfer for your second car Elon Musk is offering the first-time Tesla customers a chance to transfer the costly full self-driving (FSD) software to another vehicle as a “one-time amnesty.” Tesla owners who have purchased the FSD package can transfer that to another new car by September 30. A Twitter user @Kdahlenburg has now revealed details on the Tesla FSD offer.  “Tesla just contacted me to let me know they are sending me a form to fill out to complete the transfer.  I haven'...
Tesla offers one-time free FSD software transfer for your second car
Tesla offers one-time free FSD software transfer for your second car
Source: IANS
23/07/2023 8:51:14 AM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 AM
Tesla logs $2.7 bn in net income, cybertruck on its way: Elon Musk Elon Musk-run Tesla has reported a revenue of $25 billion with a net income of $2.7 billion (up 20 per cent year-on-year) in the second quarter (Q2) this year. The revenue was also 50 per cent higher than year-ago sales of $16.9 billion, and mostly came from automotive sales which was $21.3 billion in the April-June period. In the second quarter, Tesla produced nearly 480,000 vehicles and delivered over 466,000 vehicles, the company said in a statement late on Wednesday. “For 2...
Tesla logs $2.7 bn in net income, cybertruck on its way: Elon Musk
Tesla logs $2.7 bn in net income, cybertruck on its way: Elon Musk
Source: IANS
20/07/2023 10:56:49 AM
Asia stocks gain; US futures slip after Netflix, Tesla earnings Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower. Meanwhile, China's yuan shot up after authorities tweaked cross-border financing rules and major state-owned banks were seen selling dollars in moves analysts said were designed to shore up the currency. MSCI's broadest index of Asia-Pacific shares outside ...
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Source: Reuters
20/07/2023 8:50:22 AM
Stocks mixed, sterling weighed as UK inflation slows Stock markets were mixed on Wednesday with growth concerns dragging down China while elsewhere futures rose after British inflation came in surprisingly soft for once and U.S. data stoked hopes the world's biggest economy can avoid recession. Headline British CPI fell to 7.9% year-on-year in June, against expectations for 8.2%. Core inflation fell to 6.9% from a three-decade peak of 7.1%. Sterling dropped 0.6% to $1.2962 and FTSE futures rose 0.5%. Earlier MSCI's broadest index ...
Stocks mixed, sterling weighed as UK inflation slows
Stocks mixed, sterling weighed as UK inflation slows
Source: Reuters
19/07/2023 12:54:05 PM
Tesla directors to return $735 mn to company as they overpaid themselves Elon Musk-run Tesla's directors will pay $735 million back to the electric car-maker to settle claims from shareholders that they “excessively overpaid themselves”.  Musk himself is under scrutiny for his own $56 billion compensation package, which is facing its own lawsuit that went to trial last year, reports TechCrunch. The settlement will be paid directly to Tesla to benefit the company. The settlement concluded a 2020 lawsuit from a retirement fund that holds T...
Tesla directors to return $735 mn to company as they overpaid themselves
Tesla directors to return $735 mn to company as they overpaid themselves
Source: IANS
18/07/2023 12:35:48 PM
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated The Nasdaq-100 index is getting a fresh look, the media reported. The index comprises 100 of the largest non-financial companies listed on the Nasdaq and the popular Invesco QQQ exchange-traded fund tracks the index, CNN reported. Seven companies listed in the Nasdaq-100 accounted for roughly 51 per cent of the index as of June 3, according to a note by Louis Navellier, chairman of Navellier & Associates. The Nasdaq is looking to fix that problem -- without changing any of the st...
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Source: IANS
15/07/2023 11:43:09 AM
Tesla car for Rs 20 lakh in India still a distant dream, say experts As reports surfaced on Tesla considering a cheaper Model 3 in India around Rs 20 lakh as it mulls bringing its supply chain ecosystem to the country in the near future, industry experts on Thursday said achieving this price range appears to be a distant dream. If all goes well, Tesla can reportedly produce 5 lakh electric vehicles annually that starts from Rs 20 lakh, as the Elon Musk-run company plans to set up its auto parts and electronics chain in India, along with seeking incentives a...
Tesla car for Rs 20 lakh in India still a distant dream, say experts
Tesla car for Rs 20 lakh in India still a distant dream, say experts
Source: IANS
14/07/2023 9:28:18 AM
Tesla in talks with India to set up factory with up to 500,000 annual capacity Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday. The prices for the electric vehicles would start from 2 million rupees ($24,400.66), the report added. Tesla did not immediately respond to Reuters' request for comment. The billionaire Elon Musk-led company is also looking at using India as an export ba...
Tesla in talks with India to set up factory with up to 500,000 annual capacity
Tesla in talks with India to set up factory with up to 500,000 annual capacity
Source: Reuters
13/07/2023 10:34:46 AM
Tesla to provide more info on driver alert system as US agency probes Autopilot The US National Highway Traffic Safety Administration (NHTSA) has requested additional information from Elon Musk-Tesla to aid in their ongoing investigation into 8,30,000 Tesla vehicles equipped with Autopilot, the automaker's advanced driver assistance system. According to TechCrunch, NHTSA sent Tesla a letter on July 3 seeking updated answers to questions it had asked in August 2022.  The questions focused on Tesla's cabin camera and driver monitoring system, which the a...
Tesla to provide more info on driver alert system as US agency probes Autopilot
Tesla to provide more info on driver alert system as US agency probes Autopilot
Source: IANS
7/07/2023 5:34:49 PM
BYD sets new sales record in China in June, sells 2.5 lakh units China’s BYD sold more than 2.5 lakh electric vehicles in June in China, beating its own record, as the EV market in China stablises, the media reported on Monday. Backed by Warren Buffett’s Berkshire Hathaway, BYD delivered 253,046 cars last month, a 5.3 per cent increase over the 239,092 cars delivered in May, it said in a filing to the Hong Kong stock exchange, reports the South China Morning Post. BYD delivered 1.26 million vehicles to customers in the first quarter of 20...
BYD sets new sales record in China in June, sells 2.5 lakh units
BYD sets new sales record in China in June, sells 2.5 lakh units
Source: IANS
3/07/2023 8:03:28 PM
Tesla is one of the major clients for Indian auto companies having presence globally Says Ashwin Patil, LKP Securities Below Quote On Impact of Tesla on the Indian Auto Sector 03rd July 2023 By Ashwin Patil, Senior Research Analyst at LKP Securities. Tesla is one of the major clients for Indian auto companies having presence globally, particularly in North America. Tesla's sales and production growth seen in June is definitely positive for auto ancillaries in India as well which will enable higher business and order book for them. Entry of Tesla in India will have a negative impact on OEMs th...
Tesla is one of the major clients for Indian auto companies having presence globally Says Ashwin Patil, LKP Securities
Tesla is one of the major clients for Indian auto companies having presence globally Says Ashwin Patil, LKP Securities
Source: LKP Securities
3/07/2023 12:52:04 PM
3 new China-based Tesla rivals see sales surge as BYD leads Not only China-based BYD which is now a formidable electric car-maker but three other Tesla rivals have also seen their sales surge in June in China as demand for EVs come back to track. According to a report in the South China Morning Post, Beijing-based Li Auto hit an all-time high of 32,575 deliveries last month, up 15.2 per cent from May. While Shanghai-based Nio delivered 10,707 cars in June, three quarters higher than the volume a month earlier, Xpeng, based in Guangzhou, delivere...
3 new China-based Tesla rivals see sales surge as BYD leads
3 new China-based Tesla rivals see sales surge as BYD leads
Source: IANS
3/07/2023 11:20:20 AM
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023  Elon Musk-own Tesla has announced that it produced nearly 4,80,000 vehicles and delivered over 4,66,000 cars in the second quarter (Q2) of this year. Among 4,66,000 delivered vehicles, 19,225 were Model S/X, and 4,46,915 were Model 3/Y, the company said in a post on Sunday. The automaker will post its financial results for Q2 2023 after market close on July 19. At that time, the company will also issue a brief advisory containing a link to the Q2 update, which will be available on...
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023
Source: IANS
3/07/2023 9:27:01 AM
Tesla Power USA brings innovative alkaline water purifiers to India Tesla Power USA, a leading provider of innovative sustainable solutions, on Thursday launched innovative alkaline water purifiers that features like hot water dispensing with child lock, fruit and vegetable detoxifier and a digital display with live TDS. Tesla Power India is based out of Gurugram (APAC office) with the global headquarters in Delaware, the US. (The company has nothing to do with Elon Musk-run Tesla). The new alkaline water purifiers in Alkalino series utilise advanced fi...
Tesla Power USA brings innovative alkaline water purifiers to India
Tesla Power USA brings innovative alkaline water purifiers to India
Source: IANS
29/06/2023 12:26:57 PM
Karnataka Industries Minister invites Tesla to set up its plant in state Inviting leading electric car maker, the US-based Tesla to set up its plant in Karnataka, state Large and Medium Industries Minister M.B. Patil said on Friday that the government would extend all the cooperation if the company decides to expand its operations here. If the company has plans of expanding its operations to India, certainly Karnataka would be an ideal destination, Patil said in a tweet. The government stands ready to support and provide the necessary facilities for Tesla an...
Karnataka Industries Minister invites Tesla to set up its plant in state
Karnataka Industries Minister invites Tesla to set up its plant in state
Source: IANS
24/06/2023 9:27:40 AM
Narendra Modi's US visit may encourage more American firms to invest in India Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities. The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data. Following are some recent investment announcements, mostly by U.S. companies: TESLA ...
Narendra Modi's US visit may encourage more American firms to invest in India
Narendra Modi's US visit may encourage more American firms to invest in India
Source: Reuters
22/06/2023 10:09:10 AM
Elon Musk meets Narendra Modi, says Tesla is looking to invest in India Tesla chief executive Elon Musk said on Tuesday that the electric carmaker is looking to invest in India "as soon as humanly possible." His comments followed a meeting with Indian Prime Minister Narendra Modi in New York during Modi's state visit to the United States. A source previously told Reuters that Musk would brief Modi on plans to set up a manufacturing base in India. "I am confident that Tesla will be in India and will do so as soon as humanly possible,"...
Elon Musk meets Narendra Modi, says Tesla is looking to invest in India
Elon Musk meets Narendra Modi, says Tesla is looking to invest in India
Source: Reuters
21/06/2023 9:33:56 AM
Mark Zuckerberg hails Musk for making Twitter `a lot leaner` which is good for industry Meta CEO Mark Zuckerberg has praised Tesla and SpaceX CEO Elon Musk for making Twitter "a lot leaner" which has been "good for the industry" overall. On the 'The Lex Fridman Podcast' show, Zuckerberg said that Musk "led a push early on to make Twitter a lot leaner". "I think that those were generally good changes. I also think that it was probably good for the industry that he made those changes because my sense is that there were a lot of othe...
Mark Zuckerberg hails Musk for making Twitter `a lot leaner` which is good for industry
Mark Zuckerberg hails Musk for making Twitter `a lot leaner` which is good for industry
Source: IANS
11/06/2023 10:54:41 AM
Urja Global touches roof on entering into agreement with Tesla Power India   Urja Global is currently trading at upper limit of Rs. 10.62, up by 1.77 points or 20.00% from its previous closing of Rs. 8.85 on the BSE. The scrip opened at Rs. 10.01 and has touched a high and low of Rs. 10.62 and Rs. 10.01 respectively. So far 3511063 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 14.85 on 25-Jul-2022 and a 52 week low of Rs. 6.00 on 29-Mar-2023. Last one week high and low of the...
Urja Global touches roof on entering into agreement with Tesla Power India
Urja Global touches roof on entering into agreement with Tesla Power India
Source: IANS
9/06/2023 3:48:38 PM
General Motors to integrate Tesla charging standard in future Electric Vehicles Automaker General Motors (GM) has announced that it will integrate Tesla's electric vehicle (EV) charging standard in its future EVs. "We're teaming up with Tesla to enhance your electric vehicle experience. More charging stations, less range anxiety, more sustainable journeys. It's about your convenience, not our competition," GM tweeted on Thursday. Encouraging this partnership, Tesla CEO Elon Musk also tweeted, saying: "Great to work with you." Acco...
General Motors to integrate Tesla charging standard in future Electric Vehicles
General Motors to integrate Tesla charging standard in future Electric Vehicles
Source: IANS
9/06/2023 12:13:17 PM
All new Model 3 cars qualify for $7,500 Electric Vehical tax credit in US: Tesla Electric car-maker Tesla has announced that every new Model 3 vehicle now qualifies for $7,500 EV tax credit in the US. With this, the starting price of a Tesla Model 3 -- after federal tax credits -- may once again be below the $35,000 mark. Tesla's website claimed every new Model 3 is eligible for the full $7,500 federal tax credit in the US. The EV tax credits were mandated by the US Congress last year as part of the Inflation Reduction Act. The aims to cut dependency on China...
All new Model 3 cars qualify for $7,500 Electric Vehical tax credit in US: Tesla
All new Model 3 cars qualify for $7,500 Electric Vehical tax credit in US: Tesla
Source: IANS
3/06/2023 5:56:16 PM
Ford signs pact with Musk to bring Tesla charging into its EVs US automaker Ford has reached an agreement with its rival Elon Musk-run Tesla that will give Ford EV customers access to more than 12,000 Tesla Superchargers across the US and Canada, starting early next year. This is in addition to the over 10,000 DC fast-chargers that are already part of the 'BlueOval Charge Network'. "This is great news for our customers who will have unprecedented access to the largest network of fast-chargers in the US and Canada with more than 12,000 ...
Ford signs pact with Musk to bring Tesla charging into its EVs
Ford signs pact with Musk to bring Tesla charging into its EVs
Source: IANS
26/05/2023 11:09:05 AM
Tesla to pick location for new factory this year, Musk says Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this y...
Tesla to pick location for new factory this year, Musk says
Tesla to pick location for new factory this year, Musk says
Source: Reuters
24/05/2023 9:05:54 AM
Tesla `serious' on`establishing India production, innovation base, minister says Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market. "The...
Tesla `serious' on`establishing India production, innovation base, minister says
Tesla `serious' on`establishing India production, innovation base, minister says
Source: Reuters
19/05/2023 5:19:08 PM
Tesla discussed car, battery-making incentives with Indian officials Tesla Inc asked how it could take part in domestic incentives in India related to car and battery manufacturing when it held discussions with government officials this week, a source with direct knowledge of the talks told Reuters. The electric car maker proposed setting up a factory in India to build electric vehicles (EV) and also discussed plans to locally manufacture EV batteries, the person said. The proposal comes after talks between Tesla and India were deadlocked last year over ...
Tesla discussed car, battery-making incentives with Indian officials
Tesla discussed car, battery-making incentives with Indian officials
Source: Reuters
18/05/2023 12:39:54 PM
Top Tesla team `arriving` in India to explore entry as Musk focuses on EV biz As outgoing Twitter CEO Elon Musk found butter chicken and naan 'insanely good,' a team of senior Tesla executives is reportedly planning to visit India this week to explore entering the niche EV market and expand its footprint beyond China. According to a Bloomberg report, citing sources, the Tesla executives are expected to meet officials from Prime Minister Narendra Modi's office. "The discussions will revolve around the possibility of local sourcing of components fo...
Top Tesla team `arriving` in India to explore entry as Musk focuses on EV biz
Top Tesla team `arriving` in India to explore entry as Musk focuses on EV biz
Source: IANS
16/05/2023 6:00:18 PM
Tesla recalls over 1.1 mn EVs in China due to braking issue Elon Musk-run Tesla has recalled over 1.1 million electric vehicles (EVs), or nearly all the vehicles it has sold in China, in response to a braking problem. According to Engadget, the lack of an option to set regenerative braking intensity and receive notifications with a sustained accelerator pedal press could lead to owners misusing the pedals (as they can't hear a revving engine) and crashing. Tesla said it will fix the issue through a software update that both tweaks the defaul...
Tesla recalls over 1.1 mn EVs in China due to braking issue
Tesla recalls over 1.1 mn EVs in China due to braking issue
Source: IANS
13/05/2023 10:57:15 AM
Tesla encourages owners to give up `unlimited free Supercharging for life` Elon Musk-run Tesla is once again making an attempt to encourage owners of older Model S and Model X vehicles, who have been enjoying the benefit of "unlimited free Supercharging for life", to relinquish this perk by proposing a new offer. In the initial years of selling its Model S and Model X vehicles, Tesla had an attractive offer for its customers -- free Supercharging for the lifetime of their vehicle. This offer was a significant selling point for the company, as it essenti...
Tesla encourages owners to give up `unlimited free Supercharging for life`
Tesla encourages owners to give up `unlimited free Supercharging for life`
Source: IANS
25/04/2023 9:30:22 AM
Elon Musk`s wealth nosedives $12.6 bn after chaos at SpaceX, Tesla, Twitter  Elon Musk saw his wealth plummet by more than $12 billion in just a day as he faced chaos and disappointing news from across his companies -- SpaceX, Twitter and Tesla. According to Bloomberg's Billionaires Index, this was the biggest drop in Musk's wealth so far this year. Tesla's share price fell by 9.8 per cent after disappointing first quarter results. Tesla's operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Elon Musk-run EV maker con...
Elon Musk`s wealth nosedives $12.6 bn after chaos at SpaceX, Tesla, Twitter
Elon Musk`s wealth nosedives $12.6 bn after chaos at SpaceX, Tesla, Twitter
Source: IANS
22/04/2023 11:51:22 AM
Tesla`s income drops 24% to $2.7 bn amid EV price cuts Tesla's operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Elon Musk-run EV maker continues to cut prices of its vehicles. However, the total revenue grew 24 per cent (year-on-year) in Q1 to $23.3 billion owing to price cuts. Tesla shares fell 4 per cent in after-hours trading late on Wednesday. In an earnings call with analysts, Musk said Tesla will start delivering its long-delayed Cybertruck in the third quarter of 2023. "It takes time to get the ...
Tesla`s income drops 24% to $2.7 bn amid EV price cuts
Tesla`s income drops 24% to $2.7 bn amid EV price cuts
Source: IANS
20/04/2023 10:30:38 AM
Tesla remains Electric vehicle market leader in US with over 50% share Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined. EV sales increased to represent 7 per cent of all US passenger vehicle sales in 2022, according to Counterpoint Research, growing 54.5 per cent (on-year). "Tesla is dominating the US EV market while other automotive giants like Ford, General Motors, Stellantis, Volkswagen and Hyundai are struggl...
Tesla remains Electric vehicle market leader in US with over 50% share
Tesla remains Electric vehicle market leader in US with over 50% share
Source: IANS
5/04/2023 9:19:49 AM
Tesla delivers record over 4.2 lakh electric vehicles in Q1 2023 Elon Musk-run Tesla delivered a record 4,22,875 electric vehicles in the first quarter of 2023, beating the Wall Street estimates. In the first quarter, the electric car-maker produced over 4,40,000 vehicles. "We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC," it said in a statement. In the fourth quarter of 2022, Tesla delivered 4,05,278 and produced 4,39,701 units. According to repor...
Tesla delivers record over 4.2 lakh electric vehicles in Q1 2023
Tesla delivers record over 4.2 lakh electric vehicles in Q1 2023
Source: IANS
3/04/2023 11:43:00 AM
LG Energy to invest $5.5 bn to build new battery plants in US LG Energy Solution Ltd (LGES) said on Friday it will invest 7.2 trillion won ($5.56 billion) to build what will be its second standalone battery manufacturing site in the United States, sticking to its earlier plan after a period of reconsideration. LGES will spend 4.2 trillion won to build a cylindrical battery plant in Queen Creek, Arizona, that targets an annual production capacity of 27 gigawatt hours, equivalent to powering 350,000 all-electric cars, the company said in a release. ...
LG Energy to invest $5.5 bn to build new battery plants in US
LG Energy to invest $5.5 bn to build new battery plants in US
Source: IANS
24/03/2023 6:05:23 PM