Tesla Financial News

Tesla Model X was recently spotted in Bengaluru's traffic, creating a buzz among social media users, who engaged in a guessing game as to whether the vehicle was privately owned or if the Elon Musk-led company was conducting test drives in Bengaluru. The ultra-red Tesla SUV was reportedly spotted in Bengaluru's Minsk Square area near the Cubbon Park metro station.

China hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it. The rules for getting a tax credit on EV purchases in the U.S.

New York Times initiated legal proceedings against Microsoft and OpenAI, alleging copyright infringement by using millions of its articles without permission to develop AI models, including ChatGPT and Copilot. The lawsuit claims that these models generate content that mimics NYT's style, directly competing with the media outlet and undermining its relationship with readers.

Investing.com – Main U.S. indexes declined on the final trading day of 2023, pulling back from recent highs. Megacap tech ended the year on a sour note but was among the best performing groups overall this year.

Elon Musk has been named The New Republic’s 2023 Scoundrel of the Year. The Tesla CEO has been in the news since after he decided to sink a whopping $44 billion into buying Twitter, later renaming it as ‘X’. Elon Musk over the past year has garnered the impression that he has an “unquenchable desire to be the center of attention", according to The New Republic.

For some, artificial intelligence (AI) turning sentient is a matter of when, not if. An incident at a Tesla factory in the US two years ago that just came to light has stirred up fears of AI-run robots acting on their own accord already. As reported, a robot designed to move aluminium car parts pinned an engineer to a surface and dug its claws into his back and arm, leaving a trail of blood.

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the company’s ambitious goal of becoming one of the world’s top five automakers.

tech magnates like Elon Musk and Mark Zuckerberg to oligarchs weathering sanctions, have seen their fortunes flourish. According to Bloomberg's tracking of the top 500 billionaires worldwide, a majority witnessed substantial wealth growth, with 77% experiencing unprecedented increases in their net worth. Despite 12 of the top 50 wealthiest individuals facing monetary setbacks, the remaining elites amassed staggering wealth, albeit not factoring in inflation adjustments.

Elon Musk vehemently criticized recent media coverage surrounding an incident involving a factory robot at a Tesla facility in Austin. Musk's response was prompted by reports resurfacing about a 2021 incident where an engineer was allegedly injured by a Kuka robot arm during software updates. Musk lambasted the media for linking this incident to Tesla's humanoid Optimus robots, stressing that the coverage misrepresented the nature of the accident. The incident, previously covered by outlets like the Daily Mail and The Information, detailed how an engineer working on software updates became ensnared by a factory robot, resulting in injuries. Witnesses reported the engineer being pinned and bleeding until another worker intervened by activating the emergency stop button.

Tesla will choose the state to set up a plant and informed communication was on with the firm in this regard. Patel was responding to queries based on news reports suggesting that the US-based electric vehicle maker was planning to set up a manufacturing plant in Gujarat. «The state government is very hopeful of Tesla coming to Gujarat. Even Elon Musk is looking at Gujarat as his first choice. Gujarat is in his mind ever since he began a survey in India to find a suitable location to set up the plant,» said Patel, who is health minister and spokesperson of the state government.

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By Yelin Mo and Casey Hall

By Lewis Krauskopf

The letter cites «an alarming» Reuters investigation published on December 20 that exposed how Tesla has blamed drivers for frequent failures of components it has long known were defective.

Tesla Inc. (NASDAQ:TSLA) is gearing up to introduce an updated version of its highly successful Model Y from its Shanghai plant according to unnamed sources familiar with the matter. This move comes in response to heightened competition from domestic rivals, prompting an accelerated pace in product launches within the industry.

San Francisco: Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

Wedbush reiterated an Outperform rating and 12-month price target of $350.00 on Tesla (NASDAQ:TSLA) ahead of the company’s 4Q delivery report.

Investing.com — U.S. futures traded largely unchanged Wednesday, stabilizing after recent gains during the last trading week of what has been a positive year.

By Akash Sriram and Hyunjoo Jin

Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

Morgan Stanley reiterated an Overweight rating on Tesla Inc. (NASDAQ:TSLA) with a 12-month price target of $380.00 on the stock ahead of what could be another volatile year for the electric automaker.