Tesla Financial News

Tesla is ramping up efforts to open showrooms on sovereign tribal lands to sell directly to consumers

A mark on a map. A movie too outrageous to give a rating. It's the stuff of revolutionaries (Malcolm X) and punks (X, the band).

Tesla and Fisker firm up their India entry plans. Mainstream and luxury manufacturers including BYD, Citroën, Kia, BMW, MercedesBenz, Volvo, Audi, Porsche and Jaguar-Land Rover plan to unveil as many as 21 new electric passenger vehicles (PV). This is expected to fuel growth of the domestic EV market and make electric cars accessible to a wider range of consumers. Electric PVs still account for just 2.47% of total passenger vehicle sales, market researcher Jato Dynamics estimates. Tata Motors is making a big bet on the segment. “The EV contribution in our portfolio is likely to increase to 25% in five years and reach 50% by 2030,” the biggest player in the domestic electric PV market said in its report for 2022-23 (April-March). The company increased its electric vehicle sales from 1,300 units to over 50,000 in three years and has the widest range of EV offerings including hatchbacks, sedans and sports utility vehicles (SUVs).

New Delhi: A delegation of senior Tesla executives, comprising leaders of its public policy, supply chain and business development teams, is visiting India to actively engage with all government stakeholders to gain insights into the market. People aware of the matter, seeking anonymity, said that the representatives held meetings with Piyush Goyal, the commerce and industry minister, to discuss the incentives and benefits for selling its electric cars in India. The officials were also part of the celebrations on the sidelines of the inauguration of the India Trade Promotion Organization complex Bharat Mandapam, organized by the ministry, in the presence of Prime Minister Modi and Goyal.

Saudi Arabia has made the first big deal in a push to deploy its vast wealth into the global mining industry, agreeing to buy a stake in Vale’s base metals unit.

Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S.

(Reuters) — Police in Texas on Friday were investigating a 911 call reporting an active shooter at a large Tesla (NASDAQ:TSLA) plant that turned out to be a false alarm, authorities said.

Elon Musk, about the social media giant in a lengthy post at X. Crawford sold her startup to Twitter in 2020. She said that working for Twitter was both "amazing and terrible".

Details of the meeting that took place on Thursday could not be ascertained. "Tesla executives have met Rai and there are a spate of meetings lined up with other officials over the next few days, including with Goyal," one of the people cited above said. ET had reported on July 25 that the company's top executives were expected to meet several officials and that this follows a virtual meeting between Goyal and Tesla CEO Elon Musk earlier this month.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Reuters released a special report Thursday detailing an investigation into claims that Tesla (NASDAQ:TSLA) manipulated the dashboard displays in its electric vehicles to artificially enhance driving range projections. The report further explains the existence of a «Diversion Team» within the company to cancel range-related service appointments, leading to customer dissatisfaction and range anxiety.

After enjoying a strong run where they could keep raising prices to boost their profits, companies are now stuck in a vise

Driving Change: Tesla to rollout budget model for Asian markets The seven collaborating companies include General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, BMW and Mercedes. These companies represent almost 50 percent of the vehicle sales in the US market - a possibility that could lead to antitrust concerns.

The announcement Wednesday that seven automakers will build a large North American electric vehicle charging network should pull people off the sidelines to at least consider switching from gas-powered vehicles

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

Twitter handle defunct. Elon Musk, the CEO of Tesla, SpaceX and also the owner of Twitter, as part of the rebranding took over the account of one Gene X Hwang, a photographer from San Francisco. What is noteworthy here is, the Twitter handle @X belong to Hwang for the past 16 years, but Twitter sent him a mail saying it was now their property.

(Reuters) — A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla (NASDAQ:TSLA) and a bid to take advantage of Biden administration subsidies.

A group of major automakers is planning a joint investment to build thousands of electric-vehicle chargers in the U.S., people familiar with the plan said, a bid to ease a shortage of charging spots that deters many consumers from choosing EVs. The companies—BMW, General Motors, Honda Motor, Hyundai Motor, Kia, Mercedes-Benz and Jeep maker Stellantis—plan to collectively invest at least $1 billion in a joint-venture company that will build out charging stations, the people said. The group is targeting the addition of around 30,000 fast chargers in urban and highway areas over several years.

Elon Musk, the owner of Twitter, has announced a m... moreElon Musk, the owner of Twitter, has announced a major rebranding of the platform, bidding farewell to the iconic blue bird logo and renaming it x.

Investing.com — Milan-listed shares in Stellantis NV (BIT:STLAM) rose on Wednesday after the U.S.-European carmaking giant posted record first-half sales thanks in part to strong demand for its electric vehicles.

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