Advertisements Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social… Read More ›
Tesla
Tesla Reveals USD 170 Mn Loss From USD 1.5 Bn Bitcoin Investment
Advertisements Elon Musk-run Tesla on Monday revealed it incurred $170 million loss from its Bitcoin investments in the first six months of the year. Tesla revealed last week that it has sold 75 per cent of its Bitcoins, adding $936… Read More ›
Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At USD 4 Bn
Advertisements Japan’s Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to… Read More ›
Tesla Shuts US Office And Fires 229 Employees From Autopilot Team
Advertisements Elon Musk-run Tesla has laid off 229 annotation employees from its Autopilotteam and closed one of its offices in the US. According to a regulatory filing in California state in the US and seen by TechCrunch, Tesla had laid… Read More ›
Twitter Shares Tank 6 Percent Amid Elon Musk Walkout
Advertisements Shares of microblogging site Twitter fell about 6 per cent in premarket trading on Monday, amid the recent walkout by Elon Musk. The world’s richest person on Friday terminated the $44 billion deal to buy Twitter, stating that the… Read More ›
Global EV Shipments Up 79 Percent YoY In Q1, Tesla Leads: Report
Advertisements With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79 per cent year-on-year (YoY) in the first quarter of 2022 to reach 1.95 million units, says a new report. According to market research firm… Read More ›
Elon Musk Warns Of Dropping Twitter Deal If Data Not Provided
Advertisements Telsa CEO Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire warned in a letter to the company on Monday…. Read More ›
From Tesla To Peloton, Companies Slow Hiring As Economy Sputters
Advertisements Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla’s workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The… Read More ›
Tesla Won’t Manufacture In India Unless Allowed To Sell, Service Cars: Musk
Advertisements American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, company… Read More ›
Tesla Puts India Plans On Hold, Sources Say
Advertisements Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter… Read More ›