Tesla Financial News

Tesla not moving forward on deal with the government, Ola CEO Bhavesh Aggrawal claimed that this loss would be for Elon Musk-owned company, not for India. «If true, this is Tesla’s loss, not India’s. While the Indian EV and Lithium ecosystem is early, we’re gaining momentum quickly. It’ll be too late for Tesla when they look at India seriously again in a few years,» said the Ola CEO in a post on X. The government has not heard from Tesla since the election results, on its plans to participate in the recently launched Scheme to Promote the Manufacturing of Electric Passenger Cars in India, said Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh.

World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country's artificial intelligence sector even as it faces U.S. sanctions. More than 150 AI-related products and solutions are being exhibited at the conference, with a small number of foreign firms such as Tesla and Qualcomm joining the predominantly Chinese line-up, according to the event organizer.

interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd record this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains in megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.

Nasdaq notched record-high closes on Tuesday, fueled by gains in Nvidia after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more «good» economic data would strengthen the case for rate cuts. AI chipmaker Nvidia climbed 2.5%, offsetting declines in other chip stocks.

Longtime investor Bill Gross believes Elon Musk's Tesla is behaving like a speculative play among retail investors.

New Delhi: The government is likely to allow electric vehicle (EV) makers to benefit from a new policy that was announced this March, even if their investments were made earlier, according to two officials aware of the development. Such a move would benefit Vietnam's EV maker VinFast, which had announced in January that it would build an EV plant in India, the first official cited above said on condition of anonymity, adding that the new policy may attract a few more global EV makers to manufacture in India.

investment destination is doing extremely well with the country witnessing high foreign remittances, foreign direct investment (FDI) and foreign institutional investment (FII) inflows, commerce and industry minister Piyush Goyal said.

Tesla must fix air quality problems at its electric vehicle manufacturing facility in the San Francisco Bay Area after racking up more than 100 violations for allegedly releasing toxic emissions into the atmosphere over the last five years

NASA has awarded SpaceX an $843 million contract to build the vehicle that will bring the International Space Station out of its longtime orbit of Earth when its operating lifespan ends in a few more years

Elon Musk is still doing his part, in his own words, to help the underpopulation crisis.The Tesla CEO on Sunday confirmed he’s fathered his 12th child — his third with, Shivon Zilis, director of special projects at Neuralink Corp.Musk, 52, and Zilis, 38, welcomed their baby earlier this year.In a statement to Page Six, Musk confirmed the child’s birth, but denied rumours that he fathered the baby in secret.“As for ‘secretly fathered,’ that is also false,” he told the tabloid. “All our friends and family know.

Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces that can come loose, and failing front windshield wipers

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

Tesla camp, as recent reports reveal that Elon Musk's organization has downsized its employee count by at least 14% this year. The aggressive approach towards employee downsizing comes shortly after Musk had announced in April that Tesla will be doing away with its global workforce by a margin of 10% in the coming days.

European Commission is planning to impose provisional duties on electric vehicles (EVs) produced in China ranging from 17.4% to 38.1%, on top of its standard 10% tariff for car imports. The duties are due to apply by July 4.

Mint in the week gone by. The government has announced hikes in minimum support prices of kharif crops, while the Life Insurance Corporation of India (LIC) plans to raise money from the sale of its plots and commercial buildings. As many as 55 companies are expected to go public in the coming months.

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engineering goods export to the US continues to decline, the Indian government has agreed to study the possibility of signing an FTA (free trade agreement) with Mexico as several US companies, including Tesla, have set up manufacturing bases there. Indian industry wants to access the US market by having an FTA with Mexico as the US is the top destination for India’s engineering exports. Pankaj Chadha, senior vice chairman, Engineering Export Promotion Council (EEPC) said, “Most of the USA’s manufacturing has shifted to Mexico, including Tesla’s new plant. And the only way for India to increase our engineering goods export to the USA is to have an FTA with Mexico.” EEPC, a body affiliated with the commerce ministry, represents one fourth of India’s engineering exports, while engineering goods account for 25% of the merchandise exports from India.

Tesla annual shareholder meeting with Elon Musk, the man at the centre literally stood out as much in his black t-shirt and four-pocket tan grey safari jacket as much for the bigger battle of perception he had just won. Musk Black has always been his favoured colour. It accentuates his Roaring Twenties ‘Armani black suit-iridium white shirt’ power chic, as well as casual t-shirt and sheepskin aviator flying jacket look. The two blacknesses are complementary, lying outside the frivolous binary of formal-informal other 21st businessmen seem to insist on flaunting. ‘Women think of all colours except the absence of colour. I have said that black has it all. White too. Their beauty is absolute. It is the perfect harmony,’ is how Coco Chanel saw the ying and yang of couture colours. To think that Musk, Texan and as un-Coco as Coca-Cola can get, is blind to such aesthetics is to make a cardinal error in both business chic and powerplay of taste.

Also Read: Nvidia Agrees to Buy Software Startup ShorelineMicrosoft share price dropped 0.45% and its stock market value was $3.317 trillion. Apple share price slipped over 1%, leaving its value at $3.286 trillion.Nvidia share price has nearly tripled so far this year, compared with a rise of about 19% in Microsoft shares.

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology

Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo.The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals."Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively. They declined to be named as the memo is for internal use."There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the company.