Tesla Financial News

Tesla's Elon Musk likely to unveil ₹3 billion India investment during visit Additionally, he was likely to explore opportunities for his satellite internet business, Starlink, in India, pending regulatory approvals. Musk had in the past called for import duty reduction in India for it to be able to sell Tesla cars in the country.

Tesla is recalling more than 3,000 of its 2024 Cybertrucks because of the possibility that a pedal can get stuck and cause the vehicle to accelerate unintentionally, increasing the risk of a crash

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers

Nirmala Sitharaman said challenges to the Indian economy may be mounting and the country will have to be ready to respond with the kind of agility that it did after the Covid-19 pandemic and soon after the Russia-Ukraine war started. The authorities are keeping a watch and the chief economic adviser is looking at various indications of what could be coming, she said in an interview. Tesla chief Elon Musk's impending visit to meet Prime Minister Narendra Modi is a recognition of the high-tech manufacturing ecosystem that's been established in India by top companies, she said. Sitharaman said everything in the BJP's manifesto is clearly worked out with a sense of responsibility that taxpayers' money should be used efficiently.

Electricity is shaping up to be Wall Street’s next juicy investment space. The question facing financial advisors is how they intend to charge into it.

it is cutting 10 per cent of its staff globally- around 14,000 jobs. Also Read: Elon Musk in India: From meeting PM Modi to Agra visit, check out Tesla CEO's likely plans for upcoming visit The next day, Tesla announced it would try to re-instate Musk's $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of negotiations with directors who were not independent of him, according to Associated Press. Tesla shares hit an all-time intraday high of $415.50 in November of 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.

₹7,975 crore in the March quarter, while total revenues came in at ₹37,923 crore. The company said its revenues in constant currency (CC) terms remained flat year-on-year (YoY) and declined by 2.2% sequentially. The company also saw its American Depository Receipt shares plummet on the New York Stock Exchange on Thursday evening.

Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas

Foreign Exchange Management (Non-Debt Instruments) Rules. The new rules, based on the Cabinet decision in February on the relaxed FDI caps, came into effect from April 16, according to a gazette notification by the ministry. The rules, coming just days ahead of Tesla chief Elon Musk's India visit, are aimed at drawing a larger number of foreign investors into the Indian space sector. Musk is reportedly planning to announce investments of $2-3 billion, mainly in the EV segment, and meet Indian space players as well during his India visit starting April 21. As per the new rules, up to 100% FDI is allowed in the space sector. However, up to 74% FDI is permitted under the automatic route in satellite manufacturing and operation, satellite data products and ground and user segment. Beyond 74%, FDI in these activities requires government approval.

Agnikul Cosmos, Bellatrix Aerospace, Skyroot Aerospace, Dhruva Space, Pixxel, SatSure and Digantara to meet Tesla and SpaceX chief Elon Musk in New Delhi on Monday. A group of startup executives and Indian Space Research Organisation (ISRO) officials visited SpaceX’s facilities in Hawthorne, California, last month as a part of the US Department of State's International Visitor Leadership Programme.

Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the discussions said. Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world's third-largest auto market where electric car adoption is still in its infancy. India's EV market is small but growing and dominated by local carmaker Tata Motors. EVs made up just 2% of total car sales in 2023, but the government is targeting 30% of new cars to be EVs starting 2030.

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January. The compensation includes no salary or cash bonus, but sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years. Tesla is now valued at $500.36 billion, according to LSEG data.

Indian Space Association, Lt Gen Anil Kumar Bhatt (Retd), extended a warm welcome to Tesla CEO Elon Musk's forthcoming visit to India. Lt Gen Bhatt emphasized the potential for enhanced collaboration between Indian space entities and Musk's ventures, foreseeing a transformative impact on India's space ecosystem. In an exclusive conversation with ANI on Wednesday, Lt Gen AK Bhatt (Retd) highlighted Elon Musk's pioneering contributions to the domain of space technology, particularly through his companies such as SpaceX.

Election Commission of India (ECI) has directed Elon Musk-owned social media platform X (previously Twitter) to remove certain posts in India containing political speeches from elected politicians, political parties, and candidates. The ECI stated that these posts violated the model code of conduct and must be taken down. According to a TOI report, X complied with the ECI's orders and restricted access to the posts in question in India. The platform expressed disagreement with the ECI's actions, advocating for expanded freedom of expression for political speech. X has notified affected users and published the takedown orders on its platform for transparency. “The Election Commission of India has issued takedown orders requiring X to act on posts containing political speech shared from elected politicians, political parties and candidates for office. In compliance with the orders, we have withheld these posts for the remainder of the election period; however, we disagree with these actions and maintain that freedom of expression should extend to these posts and political speech in general,” X stated.

Elon Musk's satellite venture Starlink is under process, and the government is examining the security aspects, according to sources. The FDI and financial aspects are in sync with the requirements and conditions, sources said, adding that the ownership 'declaration' has also been received from Starlink.

MoneyControl report citing a senior government official said on Tuesday. The official, who spoke to MoneyControl on the condition of anonymity, said the speculated announcement won't be "sit-specific" because for that, Tesla would require a board approval. "It is more of a signaling." “Expect a general announcement that the US-based EV (electric vehicle) maker is coming into India not a site-specific one.

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday

Stocks that traded heavily or had substantial price changes on Monday: M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall

Nissan says it expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029

Tesla senior officials quit as carmaker undertakes largest round of job cuts Musk responded to another user saying that the new accounts would be able to post after three months of creation without paying a fee. "They (new users) will be able to do write actions for free after three months," Musk wrote. However, Musk has not unveiled how much fee X platform would charge from new users.