Tesla Financial News

Reuters reported that the central government is considering lowering the import duty to as low as 15% from the current levels of 100% for cars that cost above ₹33 Lakhs and 70% for the rest. "No proposal is before me to lower import duty on electric vehicles," Union Finance Minister Nirmala Sitharaman said while speaking to reporters on the sidelines of the B20 summit.

Joe Biden, Tesla chief Elon Musk, and French authorities. Empirically it has been noted that Vladimir Putin critics have not lived longer after registering their opposition to the former KGB boss. Prigozhin's death seemed to follow the same line following his June rebellion to overthrow Russia's military leadership.

Nirmala Sitharaman on Friday said that there is no proposal before the ministry to lower import duty on electric vehicles. A Reuters report earlier in the day claimed that 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. The policy being considered, the report said, 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 that cost above $40,000 and 70% for the rest. Tesla first tried to enter India in 2021 by pushing officials to lower the 100% import tax for EVs.

Tesla made an investment proposal to set up a car factory in India, a way to enter the domestic market. According to an exclusive report by Reuters, the import tax could be reduced to as low as 15% as opposed to the current 100% for cars that cost above ₹33 Lakhs and 70% for the rest. The Reuters report citing people familiar with the development noted that the move if implemented could allow electric vehicle makers to import fully-built EVs into India with just 15% import tax to be paid to the Indian Government.

Donald Trump has finally returned to social networking website X (formerly Twitter), more than two years after he was banned in January 2021. Trump posted his first tweet on X with his mugshot late on Thursday, saying, «Election interference, never surrender».Elon Musk, CEO of Tesla and the owner of X, reacted to Trump with a quote post saying, «Next-level». Numerous followers of Trump also warmly welcomed him back to X. After his suspension from platforms like Twitter and Facebook, Trump launched his own social media platform, Truth Social. On November 18, 2022, Musk conducted a Twitter poll asking users whether he should reinstate Trump. With approximately 15 million responses, 51.8 percent voted in favour of reinstatement, while 48.2 percent opposed the idea. In response to the question of his return, Trump indicated that he had reservations due to the existing «problems on Twitter.» Twitter permanently banned President Trump on January 8, 2021, in the wake of a pro-Trump mob storming the US Capitol, which resulted in five deaths.

Reuters citing data from analytics firm S3 Partners. According to the report, S3 Partners said that bearish bets on the world’s largest chipmaker, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet. Shares of Nvidia rose 7.4% at $506.30 before the opening bell on Thursday.

By Jonathan Stempel

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Tesla CEO Elon Musk shared the images of him riding the production version of the company's much-awaited ‘cybertruck’ at the Gigafactory in Austin, Texas. Sharing the update on X (formerly Twitter), Musk wrote, “Just drove the production candidate Cybertruck at Tesla Giga Texas!" Tesla had first announced the pickup truck at an event in 2019 where Musk asked the vehicle's designer to throw a hunk of steel in order to show the unbreakable ‘armor glass’ windows of a prototype. However, the window broke and a second window also broke on further attempts.

Tesla and SpaceX CEO Elon Musk on Thursday said that news organisations can also get a share of X's advertising revenue. In his latest bid to woo journalists after paying creators via his X advertising revenue programme, the X owner has now proposed a new way for media houses to make money. «Our advertising revenue share programme also applies to organisations (news or otherwise) who wish to participate,» he posted. On Tuesday, the billionaire invited journalists to publish directly on X (formerly Twitter) and earn a higher income, as he started stripping headlines and text from news articles shared on the platform. On X, posts with news articles only included the lead image and the URL, stripping out the headline and text and links displayed only an article's lead image. «This is coming from me directly.

Australia’s largest car dealership group, Eagers Automotive, is paying out a record first-half dividend to shareholders including Rich Lister Nick Politis, who will collect $17 million because he owns 27.6 per cent of the company.

When money was cheap in the quantitative-easing era, Big Tech names like Tesla Inc. and Netflix Inc.

Nvidia shares rallied almost 3% on Wednesday as traders bet the chip designer will deliver a strong outlook after the bell and boost the US stock market as it reaps the benefits of early investments in artificial intelligence. Nvidia's shares have more than tripled this year, with the chipmaker at the center of a Wall Street technology rally fueled by optimism about the potential of AI. Its stock market value of $1.16 trillion makes Nvidia the world's most valuable chipmaker by far, more than double the value of TSMC, the world's second most valuable chip company. Nvidia's shares briefly hit a record high in the previous session. «It's not often that the fate of the market rests in the hands of just one stock, but it very much feels like that is what's going on at the moment,» said JJ Kinahan, chief executive officer of IG North America. Retail investors made net purchases of $186 million in Nvidia shares over the past week, JPMorgan said in a report on Wednesday. Nvidia dominates the market for high-end processors designed for AI computing, and its stellar outlook in the previous quarter sent its shares soaring over 20% and ignited a rally in the S&P 500 technology sector, which surged 8% in the five sessions after its results. Options data showed the stock could swing nearly 11% by Friday, larger than the 8.6% average move in either direction seen a day after Nvidia's results over the last eight quarters. Nvidia is part of the so-called Magnificent Seven group of megacap stocks including Apple and Tesla that have powered the S&P 500's nearly 16% recovery this year. Bullish investors are betting a strong report and forecast from the company will revive a US stocks rally that has paused in recent weeks.

A story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ:TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.

Investing.com — U.S. futures traded higher Wednesday, as investors digested more corporate earnings, particularly from the retail sector, ahead of the release of numbers from chip designer Nvidia (NASDAQ:NVDA).

tumbled into deflation. A strangely slow official response, and a property crisis that is going from bad to worse, have provoked fears of a prolonged downturn. What happens in the world’s second-largest economy matters everywhere else.

On August 4, 2023, Tesla, Inc. (NASDAQ: TSLA) unveiled a pivotal shift in its top-tier management, as reported in a recent United States Securities and Exchange Commission (SEC) filing. Zachary Kirkhorn, having held the Chief Financial Officer (CFO) title for four years, has chosen to step aside. The baton now passes to Vaibhav Taneja, Tesla's present Chief Accounting Officer.

Wall Street closed mixed, holding a bit firmer following its three-week losing streak

The New Zealand Breakers are understood to be in talks with MA Moelis to potentially bring the investment bank on as a strategic adviser, as Tesla chairwoman Robyn Denholm’s investment in rival National Basketball League team Sydney Kings sparks M&A expectations in the sector.

Traders are ramping up their bets that the blockbuster rally in Nvidia’s shares will accelerate after Wednesday’s earnings report. Riding the frenzy of interest in artificial-intelligence technology, they have dished out more than $100 billion on Nvidia options this year, according to Cboe Global Markets data through mid-August. About 60% of that sum is tied to call options that can be used to bet on a continued rally.

After more than a month on the low, Tesla (NASDAQ:TSLA) appears to be finally staging a comeback. Yesterday, the Electric Vehicle (EV) giant's stock surged by an impressive 7%, the first noteworthy rebound rise following the dip prompted by the company's worse-than-expected earnings report on July 19th.