News

Elon Musk`s Tesla stock surges 15 pc in early US trade after Trump`s win The stock of Elon Musk-run Tesla soared almost 15 per cent on Wednesday in early trade on Nasdaq (US time), making it one of the biggest winners in the S&P 500 index.  The EV company's stock jumped 14.5 per cent in early trading to $287.93 a share, as President-elect Donald Trump won on a resounding note and called Musk a "super genius". The surge added at least $120 billion to Tesla’s stock market value, pushing it above $900 billion for the first time sinc...
Elon Musk`s Tesla stock surges 15 pc in early US trade after Trump`s win
Elon Musk`s Tesla stock surges 15 pc in early US trade after Trump`s win
Source: IANS
2024-11-07 09:29:07 am
Andhra Minister Lokesh pitches Anantapur as perfect spot for Tesla`s EV, battery units Andhra Pradesh Minister for Information Technology, Electronics & Communications, and Human Resources Development, Nara Lokesh, has pitched Anantapur as the perfect spot for Tesla’s EV and battery units.  The minister, who is currently on a visit to the United States, visited Tesla headquarters in Austin. Lokesh shared on X that he had an inspiring discussion with CFO Vaibhav Taneja about transforming Andhra Pradesh into an EV manufacturing hub. He said under the visio...
Andhra Minister Lokesh pitches Anantapur as perfect spot for Tesla`s EV, battery units
Andhra Minister Lokesh pitches Anantapur as perfect spot for Tesla`s EV, battery units
Source: IANS
2024-10-28 05:09:16 pm
Tesla sales jump in July-September, yet to disclose Cybertruck figures  Elon Musk-run Tesla on Wednesday reported the production of approximately 469,796 vehicles in its third quarter (July-September period), showing a jump of 9.1 per cent (year-on-year).  The EV company said it delivered about 462,890 vehicles to customers during Q3, a 6.3 per cent jump from the same quarter last year, and deployed 6.9 GWh of energy storage products. Tesla's production was up 14.4 per cent as compared to the second quarter of 2024, while delivery increased 5...
Tesla sales jump in July-September, yet to disclose Cybertruck figures
Tesla sales jump in July-September, yet to disclose Cybertruck figures
Source: IANS
2024-10-03 08:49:28 am
Tesla`s profit tanks 45 pc in Q2, Musk plans to reveal robotaxi in October  Elon Musk-run Tesla has reported $1.5 billion in profit for the April-June period (Q2) this year, down 45 per cent from the same period in 2023.  Total revenue was up 2 per cent (year-on-year) at $25.5 billion, but automotive revenues was down 7 per cent to $19.9 billion, according to the electric car-maker. “In Q2, we achieved record quarterly revenues despite a difficult operating environment. The Energy Storage business continues to grow rapidly, setting a record in ...
Tesla`s profit tanks 45 pc in Q2, Musk plans to reveal robotaxi in October
Tesla`s profit tanks 45 pc in Q2, Musk plans to reveal robotaxi in October
Source: IANS
2024-07-24 01:00:46 pm
Why Elon Musk is shifting X and SpaceX headquarters from California Tesla and SpaceX CEO Elon Musk on Wednesday said he will move the headquarters of its aerospace company as well as social media platform X from the US state of California.  Musk’s decision came after California Governor Gavin Newsom signed a new law that prevents schools from requiring employees to notify parents if students want to use names or pronouns other than what’s on their birth certificates. “This is the final straw. Because of this law and the many other...
Why Elon Musk is shifting X and SpaceX headquarters from California
Why Elon Musk is shifting X and SpaceX headquarters from California
Source: IANS
2024-07-17 10:11:09 am
Samsung launches energy management service for Tesla vehicles Samsung has launched an energy management service for Tesla electric vehicles in the United States as part of their strategic partnership aimed at enhancing connectivity at home, industry sources said on Wednesday.  Samsung’s ‘SmartThings Energy’ platform is now available for Tesla drivers in the U.S., allowing them to monitor and control the charging status of their EV batteries and the power generated by solar panels, according to the sources. Synced with the Te...
Samsung launches energy management service for Tesla vehicles
Samsung launches energy management service for Tesla vehicles
Source: IANS
2024-07-17 09:44:51 am
Tesla stockholders approve Elon Musk`s $56 billion pay package  Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware.  The Tesla board won approval for Musk's 2018 pay package with 73 per cent of the vote, according to the company. The company last valued Musk’s package at $44.9 billion (in April) as Tesla’s stock has nosedived ...
Tesla stockholders approve Elon Musk`s $56 billion pay package
Tesla stockholders approve Elon Musk`s $56 billion pay package
Source: IANS
2024-06-14 10:02:01 am
Elon Musk invites billionaire investor Warren Buffett to invest in Tesla Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in Tesla, which is facing tough times amid global slowdown in EV sales. Replying to an X user who posted that Berkshire Hathaway owner should sell all his shares in Apple and buy Tesla instead, the electric car company owner responded that it is an "obvious move" for him. "He (Buffett) should take a position in Tesla. It's an obvious move," posted the X owner. Buffett's Be...
Elon Musk invites billionaire investor Warren Buffett to invest in Tesla
Elon Musk invites billionaire investor Warren Buffett to invest in Tesla
Source: IANS
2024-05-06 11:47:16 am
Tesla scouts for its first India showroom locations, sources say U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each cit...
Tesla scouts for its first India showroom locations, sources say
Tesla scouts for its first India showroom locations, sources say
Source: Reuters
2024-04-15 02:20:42 pm
Musk arriving in India this month to meet PM Narendra Modi, announce investment plans Tesla and SpaceX CEO Elon Musk is reportedly planning to visit India later this month to meet Prime Minister Narendra Modi and announce his mega investment plans, as the country doubles down on its EV adoption strategy. However, an official confirmation on Musk’s India visit from the tech billionaire or his electric car company was yet to come. Musk is slated to meet PM Modi "in the week of April 22 in New Delhi", Reuters reported on Wednesday, citing sources. The X o...
Musk arriving in India this month to meet PM Narendra Modi, announce investment plans
Musk arriving in India this month to meet PM Narendra Modi, announce investment plans
Source: IANS
2024-04-11 09:03:00 am
Tesla's Elon Musk to meet PM Narendra Modi, visit India to disclose investment plans, sources say Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesl...
Tesla's Elon Musk to meet PM Narendra Modi, visit India to disclose investment plans, sources say
Tesla's Elon Musk to meet PM Narendra Modi, visit India to disclose investment plans, sources say
Source: Reuters
2024-04-10 05:33:40 pm
Tesla`s entry in India a natural progression: Elon Musk The entry of Tesla in India, as the company scouts for factory land, will be a natural progression, its CEO Elon Musk has said, as the country gears up for mobility transformation. In a ‘Spaces’ meeting on his X social media platform with Nicolai Tangen who is CEO of Norges Bank Investment Management, the billionaire said that “it's a natural progression to provide Tesla electric vehicles in India.” “All vehicles will go electric and it is just a matter...
Tesla`s entry in India a natural progression: Elon Musk
Tesla`s entry in India a natural progression: Elon Musk
Source: IANS
2024-04-09 03:06:15 pm
Tesla to showcase a `robotaxi` on August 8: Elon Musk Elon Musk on Saturday said that his electric car company Tesla will unveil its robotaxi on August 8. In a post on his social media platform X, the billionaire said: “Tesla Robotaxi unveil on 8/8”. The news brought cheers for his millions of followers. “Wow, can’t wait to see a Tesla without a steering wheel,” one X user commented. Another wrote that he expected the compact car and the Robotaxi to be unveiled at the same time. “I expect design...
Tesla to showcase a `robotaxi` on August 8: Elon Musk
Tesla to showcase a `robotaxi` on August 8: Elon Musk
Source: IANS
2024-04-06 10:14:09 am
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives  Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday. Overall, India’s passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales nearly doubled, rising 97 per cent YoY to account for 2 per cent of the overall PV sales. By 2030, EVs are expected to represent nearly one-third of I...
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
Source: IANS
2024-04-06 09:01:07 am
India EV sales to rise 66% this year after nearly doubling in 2023 Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up in the country, according to research firm Counterpoint. WHY IT'S IMPORTANT The rapid growth in sales comes at a time when EV growth in other key markets such as the United States and China are slowing. The report forecasts that by 2030, EVs are expected to represent nearly a third of India's personal vehic...
India EV sales to rise 66% this year after nearly doubling in 2023
India EV sales to rise 66% this year after nearly doubling in 2023
Source: Reuters
2024-04-05 05:28:02 pm
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land  It was in 2015 when Prime Minister Narendra Modi visited the Tesla facility in Palo Alto, California and Elon Musk took him for a tour of his electric car plant, convincing the PM that electric vehicles are going to be the next big disruptor. Nearly a decade later, the Tesla is set to come to - and be made in - India. The tech billionaire is finally sending a team of experts to scout for a possible location to set up a $2-$3 billion EV plant in the country. Reports say that on top...
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land
Source: IANS
2024-04-05 09:26:38 am
Tesla begins making cars in Germany for export to India this year Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because th...
Tesla begins making cars in Germany for export to India this year
Tesla begins making cars in Germany for export to India this year
Source: Reuters
2024-04-05 09:18:32 am
Tesla to search for sites in India to set up $2-3 billion EV plant  After the Prime Minister Narendra Modi-led government approved a new electric vehicle (EV) policy to attract investments in the EV space by global manufacturers, Tesla is reportedly sending a team this month to search for locations in the country for a $2-3 billion plant. According to a report in The Financial Times on Wednesday, citing sources, the Elon Musk-run company “would send a team from the US by late April to study sites for the plant”. The team would reported...
Tesla to search for sites in India to set up $2-3 billion EV plant
Tesla to search for sites in India to set up $2-3 billion EV plant
Source: IANS
2024-04-04 10:04:01 am
Tesla to scout sites in India for $2 billion-$3 billion EV plant, FT reports Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday. India last month lowered import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years. The company will send a team from the United States by late April to study sites for the plant, with a focus on states that have automotive ...
Tesla to scout sites in India for $2 billion-$3 billion EV plant, FT reports
Tesla to scout sites in India for $2 billion-$3 billion EV plant, FT reports
Source: Reuters
2024-04-03 05:58:22 pm
Elon Musk`s Tesla overtakes Mercedes-Benz as 2nd largest seller of imported cars in March Elon Musk-run Tesla overtook Mercedes-Benz as the second-largest seller of imported vehicles in South Korea last month, industry data showed on Wednesday. The number of newly registered imported cars came to 25,263 units in March, up 6 per cent from 23,840 units a year ago, the Korea Automobile Importers & Distributors Association said in a statement. Of those, BMW accounted for 6,549 units, followed by Tesla and Mercedes-Benz, with 6,025 units and 4,197 units, respectively, reports...
Elon Musk`s Tesla overtakes Mercedes-Benz as 2nd largest seller of imported cars in March
Elon Musk`s Tesla overtakes Mercedes-Benz as 2nd largest seller of imported cars in March
Source: IANS
2024-04-03 03:23:42 pm
X users with 2,500 verified subscriber followers to get Premium service for free Billionaire Elon Musk on Thursday said that X users who have 2,500 verified subscriber followers will get Premium features for free. The Tesla and SpaceX CEO also mentioned that those with over 5,000 verified subscriber followers will get Premium+ for free. “Going forward, all X accounts with over 2,500 verified subscriber followers will get Premium features for free and accounts with over 5000 will get Premium+ for free,” the X owner posted. The announcement was welcomed...
X users with 2,500 verified subscriber followers to get Premium service for free
X users with 2,500 verified subscriber followers to get Premium service for free
Source: IANS
2024-03-28 10:00:12 am
AI chatbot Grok will be available for all premium subscribers this week: Elon Musk  In a bid to take on OpenAI’s ChatGPT, Elon Musk on Wednesday said that X platform will soon allow its ‘Grok’ AI chatbot to more paying subscribers. In a post on X (formerly Twitter), the Tesla and SpaceX CEO announced that Grok will become available to all Premium subscribers. “Later this week, Grok will be enabled for all premium subscribers (not just premium+),” the X owner informed. Last week, Musk-run xAI has made its AI chatbot Grok available ...
AI chatbot Grok will be available for all premium subscribers this week: Elon Musk
AI chatbot Grok will be available for all premium subscribers this week: Elon Musk
Source: IANS
2024-03-27 10:47:05 am
Government plans to roll out e-buses in all cities, some long routes: Nitin Gadkari Minister of Road Transport and Highways Nitin Gadkari on Monday said that the government has plans to introduce electric buses in all Indian cities as well as some long routes such as Delhi-Shimla, Delhi-Chandigarh and Pune-Mumbai over the next five years. In an interview with NDTV Editor-in-Chief Sanjay Pugalia, the minister also said that the decline in battery prices will lead to travellers saving 30 per cent on fares and help bring down pollution. The minister pointed out that the c...
Government plans to roll out e-buses in all cities, some long routes: Nitin Gadkari
Government plans to roll out e-buses in all cities, some long routes: Nitin Gadkari
Source: IANS
2024-03-18 03:17:37 pm
Government clears new E-vehicle policy to woo world`s top manufacturers The Central government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured in the country. Commerce Ministry on Friday said the policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers. The policy fixes a minimum investment of Rs 4,150 crore (∼USD 500 million) for foreign companies who want to set up electric vehicle manufacturing facilities in India. T...
Government clears new E-vehicle policy to woo world`s top manufacturers
Government clears new E-vehicle policy to woo world`s top manufacturers
Source: IANS
2024-03-15 04:15:41 pm
In big win for Tesla, India to lower EV import tax if $500 million invested India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market. The policy is a big win for Tesla as it's in line with what the company had been lobbying for in New Delhi. Sources said last July that the carmaker had offered to build a factory but, in the meantime, wanted a cut in import taxes that CE...
In big win for Tesla, India to lower EV import tax if $500 million invested
In big win for Tesla, India to lower EV import tax if $500 million invested
Source: Reuters
2024-03-15 02:27:17 pm
Elon Musk says X could soon receive payment licenses in New York, California Elon Musk said on Wednesday that his social media platform X could soon receive approval for a money transmitter license in New York, putting the platform a step closer to offering payment features. While speaking at the Morgan Stanley technology, media and telecom conference, Musk also said X could receive its license in California in the next month or so, while getting the New York approval could be "a few months away". Since acquiring the company formerly known as Twitter i...
Elon Musk says X could soon receive payment licenses in New York, California
Elon Musk says X could soon receive payment licenses in New York, California
Source: Reuters
2024-03-07 09:02:48 am
Technology`s share in world Mcap nearing 40 pc, showing high-level of concentration Technology’s share in world market cap is nearing 40 per cent, and no sector has reached this level of concentration before, as per an analysis by DSP Mutual Fund. Nasdaq composite now commands nearly a fourth of world equity market capitalisation. “If we add tech companies from China, India, EU and ROW, technology’s share in world market cap is nearing 40 per cent," the report said. No sector has reached this level of concentration before. The last record sugg...
Technology`s share in world Mcap nearing 40 pc, showing high-level of concentration
Technology`s share in world Mcap nearing 40 pc, showing high-level of concentration
Source: IANS
2024-03-06 09:35:51 am
Global automakers scale back electric vehicles, turn towards hybrids Global electrification, previously driven by strong electric vehicle sales, is now showing signs of growth moderation despite supply chain normalisation and price reductions by OEMs, as per a report by JM Financial Institutional Securities. Global automakers like Mercedes, Ford, GM, VW are scaling back EV investments and turning towards hybrids due to shifting consumer preferences and challenges like inadequacy and slow pace of charging infrastructure expansion. We believe the situation is...
Global automakers scale back electric vehicles, turn towards hybrids
Global automakers scale back electric vehicles, turn towards hybrids
Source: IANS
2024-02-27 01:51:05 pm
Vietnam`s VinFast seeks India EV import duty cut as plant construction starts  Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday. VinFast has started building a factory in the southern state of Tamil Nadu and hopes to start production by the middle of next year, for domestic sales first and then exports, its India CEO Pham Sanh Chau told Reuters. VinFast and Tamil Nadu s...
Vietnam`s VinFast seeks India EV import duty cut as plant construction starts
Vietnam`s VinFast seeks India EV import duty cut as plant construction starts
Source: Reuters
2024-02-25 12:01:50 pm
Musk congratulates Intuitive Machines on moon rover landing Tesla and SpaceX CEO Elon Musk on Friday congratulated the US company Intuitive Machines on the moon rover landing. Intuitive Machines' first lunar lander touched down on the moon early Friday morning, marking the first American spacecraft to land on the lunar surface in more than 50 years. "After troubleshooting communications, flight controllers have confirmed Odysseus is upright and starting to send data. Right now, we are working to downlink the first images from the lunar ...
Musk congratulates Intuitive Machines on moon rover landing
Musk congratulates Intuitive Machines on moon rover landing
Source: IANS
2024-02-23 12:05:46 pm
Tesla trims Model Y prices in US to grow sales amid rising competition from China Elon Musk-run Tesla has temporarily slashed the prices of some of its Model Y vehicles in the US through the end of February as competition from China rises. The new price cuts come less than a month after the automaker cut Model Y prices in Germany. Tesla dropped the price of the Model Y rear-wheel drive and Model Y long-range by $1,000, to $42,990 and $47,990, respectively. The temporary price reduction, which lasts until February 29, offers discounts of 2.3 per cent and 2 per cent of...
Tesla trims Model Y prices in US to grow sales amid rising competition from China
Tesla trims Model Y prices in US to grow sales amid rising competition from China
Source: IANS
2024-02-12 10:58:28 am
LG Energy plans to sell batteries to more EV car makers in India South Korea's LG Energy Solution, the biggest supplier of battery cells to electric scooter makers in India, plans to grow its presence in the country's passenger vehicle market, the company said in a statement on Thursday. LG Energy, which globally supplies batteries to car makers like Tesla and Hyundai, said it is "proactively seeking partnerships" with domestic EV makers as it looks to grow its business in one of the world's fastest-growing car markets. The company...
LG Energy plans to sell batteries to more EV car makers in India
LG Energy plans to sell batteries to more EV car makers in India
Source: Reuters
2024-02-08 12:58:47 pm
Tesla price cuts, delivery plan and CEO pay in focus ahead of results Tesla's profitability and deliveries will be on top of investors' minds when the world's most valuable automaker reports results on Wednesday, days after sharp price cuts and announcement of a production pause at the Berlin factory. Falling prices of battery materials are expected to let Tesla show a slight rise in profit margin from the previous quarter. But it will be down sharply from a year ago, and pressure is rising after price cuts in Asia and Europe and rising costs ...
Tesla price cuts, delivery plan and CEO pay in focus ahead of results
Tesla price cuts, delivery plan and CEO pay in focus ahead of results
Source: Reuters
2024-01-22 04:49:27 pm
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official India hasn't made up its mind on cutting import taxes on electric vehicles (EVs) under a new policy proposed for carmakers that commit to local manufacturing and that could ease Tesla's entry into the market, a top government official said. India's domestic automakers are concerned about the possibility of Tesla entering the market - and government plans to give incentives to Tesla and other global carmakers. India has been working on a proposed policy to slash a 100% EV import...
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official
Source: Reuters
2024-01-18 02:08:10 pm
Mahindra calls for EV level playing field amid Tesla`s India entry plans Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, ...
Mahindra calls for EV level playing field amid Tesla`s India entry plans
Mahindra calls for EV level playing field amid Tesla`s India entry plans
Source: Reuters
2024-01-16 04:50:52 pm
`Uncomfortable` Musk wants more voting control at Tesla to build AI Elon Musk on Tuesday said that he is "uncomfortable" growing Tesla to be a leader in artificial intelligence (AI) and robotics without having 25 per cent voting control at the company. The Tesla CEO currently has around 13.4 per cent stake in the electric car company as he sold his shares in order to acquire X for $44 billion in October 2022. In a post on X, Musk said that unless he gets 25 per cent of control, he would prefer to build products outside of Tesla. He said tha...
`Uncomfortable` Musk wants more voting control at Tesla to build AI
`Uncomfortable` Musk wants more voting control at Tesla to build AI
Source: IANS
2024-01-16 09:57:08 am
Tesla delivers 1.81 mn cars in 2023, stays behind China`s BYD Elon Musk-run electric vehicle (EV) company Tesla on Tuesday said it delivered 1.81 million cars in 2023, which is a 38 per cent growth (year-on-year). In the fourth quarter (Q4) of 2023, the company produced approximately 495,000 vehicles and delivered over 484,000 vehicles. "In 2023, vehicle deliveries grew 38 per cent YoY to 1.81 million while production grew 35 per cent YoY to 1.85 million,” Tesla said in a statement. Most of the year’s sales were of the Model 3 ...
Tesla delivers 1.81 mn cars in 2023, stays behind China`s BYD
Tesla delivers 1.81 mn cars in 2023, stays behind China`s BYD
Source: IANS
2024-01-03 09:32:52 am
China`s BYD gears up to topple Musk` Tesla as world`s top EV maker Chinese automotive giant BYD has moved one step closer to topple Elon Musk-run Tesla as the world’s top EV manufacturer, after the Shenzhen-based company sold a record 526,000 electric vehicles in October-December 2023. For the entire year, BYD sold more than 3 million battery electric vehicles (BEVs) and plug-in hybrids, it announced. Overall, the Chinese company sold about 3.02 million vehicles in 2023, an increase of about 62 per cent from the year prior. It sold about 1.6 m...
China`s BYD gears up to topple Musk` Tesla as world`s top EV maker
China`s BYD gears up to topple Musk` Tesla as world`s top EV maker
Source: IANS
2024-01-02 12:30:15 pm
Tesla now a key player in South Korea amid strong demand for German cars  Elon Musk-run electric carmaker Tesla has emerged as a major player in South Korea's imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as the three best-selling brands, industry data showed on Wednesday. Tesla's vehicle sales have been on the rise since September when it began to bring in Model Y midsized SUVs manufactured at its Shanghai plant at sharply lowered prices compared with the Model Y's U.S.-made versions. Te...
Tesla now a key player in South Korea amid strong demand for German cars
Tesla now a key player in South Korea amid strong demand for German cars
Source: IANS
2023-12-27 12:10:38 pm
Volkswagen Group to adopt Tesla`s EV charging standard The Volkswagen Group has announced that the company will adopt Elon Musk-run Tesla's North American Charging Standard (NACS). The German automobile giant said late Tuesday that future vehicles in its portfolio of brands, including Audi, Porsche and the group’s Scout Motors -- will get the NACS charge port built-in starting in 2025 in the US, reports Morningstar. According to Volkswagen, the agreement with Tesla would provide customers with access to more than 15,000 Tesla rapi...
Volkswagen Group to adopt Tesla`s EV charging standard
Volkswagen Group to adopt Tesla`s EV charging standard
Source: IANS
2023-12-20 04:43:59 pm
Tesla ready to invest up to $2 billion to build India factory, but with riders Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Reuters reported in August that India is working on a new EV policy to slash import taxes to as low as 15% - compared to the current 100% on cars priced above $40,000 and 70% for the rest - in exchange for a commitment to some local manufacturing. The Elon Musk-led electric...
Tesla ready to invest up to $2 billion to build India factory, but with riders
Tesla ready to invest up to $2 billion to build India factory, but with riders
Source: Reuters
2023-11-24 04:21:22 pm
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla Mira Murati, the current Chief Technology Officer (CTO) at ChatGPT developer OpenAI who has been appointed as an interim CEO after the dismissal of Sam Altman, will perhap not rock the boat as the company’s board of directors searches for a permanent CEO. Murati, who has a degree in mechanical engineering from Dartmouth College, previously worked as an intern at Goldman Sachs and French aerospace group Zodiac Aerospace. She also worked at Elon Musk-run electric car company Tesla a...
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla
Mira Murati, OpenAI`s new interim CEO, earlier worked with Elon Musk`s Tesla
Source: IANS
2023-11-18 12:24:15 pm
Tesla about to double its components imports from India - Trade Minister U.S. electric car maker Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. "Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India," Goyal posted on X, earlier called Twitter, after visiting Tesla's manufacturing facility at Fremont, Ca...
Tesla about to double its components imports from India - Trade Minister
Tesla about to double its components imports from India - Trade Minister
Source: Reuters
2023-11-14 09:32:16 am
Centre considers lowering EV tariff to lure Elon Musk`s Tesla The Centre is considering a request from Elon Musk-run Tesla to lower tariffs for imported electric vehicles (EVs) as the company looks into setting up a plant in the country, a media report said on Monday. According to the Financial Times, citing sources, the automaker has asked the government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000. "Their view has always been...
Centre considers lowering EV tariff to lure Elon Musk`s Tesla
Centre considers lowering EV tariff to lure Elon Musk`s Tesla
Source: IANS
2023-11-13 01:52:22 pm
Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal Electric vehicle major Tesla Inc plans to source automobile parts worth up to $1.9 billion this year from India, Commerce Minister Piyush Goyal said on Wednesday.The imports will be around double as compared to auto parts worth $1 billion imported by Tesla from India last year, Goyal said while addressing the annual convention of Automotive Component Manufacturers Association (ACMA).He said that last year,Tesla had already bought $1 billion worth of components from India and this year their t...
Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal
Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal
Source: IANS
2023-09-14 10:39:48am